Posts by Yurie Miyazawa
US projected to hit debt limit in August: Treasury chief
Published Sat, May 10, 2025 · 06:40 AM [WASHINGTON] There is a “reasonable probability” the United States will hit its borrowing limit in August when Congress is in recess, Treasury Secretary Scott Bessent said on Friday, calling on lawmakers to act. “I respectfully urge Congress to increase or suspend the debt limit by mid-July, before…
Read MoreStarHub Q1 profit falls 18.4% to S$31.8 million
[SINGAPORE] Telco StarHub on Friday (May 9) reported profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from S$38.9 million in the corresponding year-ago period. This was in tandem with lower earnings before interest, taxes, depreciation and amortisation, as well as higher depreciation and amortisation. It was offset…
Read MoreAnalysts raise price targets on DBS after Q1 earnings
[SINGAPORE] Analysts raised price targets for shares of DBS, following its first quarter results release on Thursday (May 8). The bank’s net profit at S$2.9 billion for the three months ended Mar 31 – 2 per cent lower than the S$2.95 billion from the same year-ago period. However, it beat the S$2.87 billion consensus forecast…
Read MoreOCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
[SINGAPORE] As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on staying resilient in an increasingly uncertain world, said group chief executive Helen Wong. Wong said OCBC may not necessarily have a revenue target ahead, although she added that the lender…
Read MoreFirst-order impact of trade tariffs affect about 3% of OCBC’s loan book; portfolio remains ‘resilient’
[SINGAPORE] Current trade tariffs are expected to have a “first-order impact” on 3 per cent of OCBC’s loan book, group chief financial officer Goh Chin Yee said at the bank’s first-quarter earnings call on Friday (May 9). “We further stress-tested our portfolio for potential vulnerabilities and assessed that our portfolio remains resilient,” Goh said. OCBC’s…
Read MoreFrom Apple to GM, tariffs to cost companies tens of billions
[SAN FRANCISCO] From Apple to General Motors (GM), corporate America is bracing for tens of billions of US dollars in damages from Trump’s trade war – and that’s before most affected goods have landed. Among US companies that have disclosed financial projections so far, GM sees a US$5 billion hit this year, while Apple expects…
Read MoreHow the Singapore dollar could perform against the greenback this year
[SINGAPORE] Fading US exceptionalism could pave the way for further appreciation of the Singapore dollar against the greenback, said analysts. The Singdollar surged to around 1.29 per US dollar on Monday (May 5) – a level not seen since September 2024. That drove its year-to-date gain to about 5 per cent, with its five-day gain…
Read MoreDaiwa House Logistics Trust posts 9.9% lower Q1 distributable income of S$8.2 million
Net property income of the overall portfolio for the quarter stands at S$11.1 million in Singdollar terms [SINGAPORE] Daiwa House Logistics Trust (DHLT) announced on Friday (May 9) that its distributable income for the quarter was 9.9 per cent lower at S$8.2 million, from S$9.2 million in the same year-ago period. This was mainly attributed…
Read MoreApple is developing specialised chips for glasses, new Macs and AI servers
[LOS ANGELES] Apple’s silicon design group is working on new chips that will serve as the brains for future devices, including its first smart glasses, more powerful Macs and artificial intelligence (AI) servers. The company has made progress on the chip that it’s developing for smart glasses, according to sources with knowledge of the matter.…
Read MoreEurope: Stocks rise after Trump strikes tariff deal with UK
[BENGALURU] European shares ended higher on Thursday (May 8) after US President Donald Trump announced a trade deal with Britain to lower tariffs, the first such agreement since Trump sparked a global trade war with his universal levies. The pan-European Stoxx 600 index closed 0.4 per cent higher, with most regional indexes also concluding the…
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