Malaysian retailer MR DIY outperforms South-east Asia peers
A major boost for the sector is coming from the government’s cash payout of RM100 to adult citizens, spendable at selected retailers and grocers YSIAN retailer MR DIY Group,…
Section
Fashion
HSBC to close Raffles Place branch on Feb 28
Holdings will close a key retail branch in Singapore’s financial district and open a wealth centre at the same building, as the lender doubles down on serving affluent…
Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale
The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer Shares of Nam Cheong rose S$0.10 or 9.3 per cent in intraday trading to hit S$1.18 at 10.13am on Tuesday…
Indonesia’s captive power plants putting energy transition at risk, researchers say
Efforts to decarbonise Indonesia’s power sector have been put at risk by a faster than expected increase in the number of off-grid coal power plants and a lack of transparency…
STI breaks 4,900 amid expectations for Fed to hold rates steady
The benchmark index closes at a record high as DBS and OCBC notched gains of at least 1% The Straits Times Index (STI) broke new ground on Tuesday (Jan 27) and crossed the 4,900 threshold…
UOL rises 6.7% after JPMorgan target price upgrade
Shares of UOL Group climbed on Tuesday (Jan 27) morning after JPMorgan raised its target price for the property developer on the back of strong tailwinds. The stock jumped as much as 6.7…
China’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover
The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market China’s biggest sportswear brand Anta Sports Products said on Tuesday (Jan…
Stocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat
The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 27): ST Engineering: The company on Monday announced that its Land Systems business…
Chevron amasses largest fleet in almost a year to ship Venezuelan oil
The US has also enlisted traders Trafigura Group and Vitol Group to help sell as much as 50 million barrels of oil Chevron has assembled its largest fleet of vessels in almost a…
Nike slashes 775 jobs in US to speed up automation, boost profit
is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and accelerate its use of automation.…
Trump Agrees to Pull ICE Out of Minnesota and Allows Local Police to Investigate Shooting Death of Anti-ICE Protester Alex Pretti
President Donald Trump has agreed to pull Immigration and Customs Enforcement (ICE) agents out of the state and let local police lead the investigation into the killing of a protester by…
Lockheed Martin, PG&E, Salesforce and Wells Fargo team up to battle wildfires
Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo are teaming up to help firefighters and emergency responders prevent, detect and fight wildfires more quickly. On Monday, the…
Trump Sidelines Kristi Noem and Orders Her Longtime Rival and Border Czar Tom Homan to Go to Minneapolis Amid Death of Anti-ICE Protester Alex Pretti
President Trump said on Monday he is sending "border czar" Tom Homan to Minnesota following the deadly shooting of Alex Pretti, sidelining Homeland Security Secretary Kristi Noem. " has…
S&P 500, Dow open slightly higher with big tech results
The S&P 500 and the Dow opened slightly higher on Monday (Jan 26), as investors braced for a heavyweight run of earnings along with a closely watched Federal Reserve monetary…
OUE Reit H2 DPU up 10.6% at S$0.0125
However, revenue falls 4.2% due to no contributions from Lippo Plaza Shanghai, which the Reit had divested The manager of OUE Real Estate Investment Trust (Reit) on Monday (Jan 26) posted…
Keppel Infrastructure Trust secures S$100 million loan facility
The trustee-manager of Keppel Infrastructure Trust (KIT) on Monday (Jan 26) announced that it has obtained a S$100 million loan facility. It has also secured 50 million euros (S$75.3…
Low Keng Huat privatisation crosses 90% threshold
Consistent Record’s final offer of S$0.78 a share is 8.3% or S$0.06 higher than its initial price Mainboard-listed construction and property developer Low Keng Huat (LKH) is set to be…
Mapletree Logistics Trust Q3 DPU falls to S$0.01816
Amount distributable to unitholders declines 8.5% year on year to S$92.7 million in Q3 Mapletree Logistics Trust (MLT) posted a distribution per unit (DPU) of S$0.01816 for the third…
Banking trio ends lower, weighing on STI
Across the broader market, decliners outnumber gainers 310 to 259 after 1.6 billion securities worth S$1.7 billion change hands Singapore shares finished mixed on Monday (Jan 26), with the…
SoftBank stops talks to buy data centre firm Switch
O] SoftBank Group has halted talks about an acquisition of US data centre operator Switch, a setback to founder Masayoshi Son’s ambition to roll out Stargate AI…
Blackstone eyes more hiring in Asia to tap private market demand
The alternative asset manager sees huge potential from bringing private markets to individual investors Blackstone is planning to hire more people across Asia to tap growing…
SGX-listed pawnbrokers, stocks ride gold rally as precious metal breaks US$5,000 level
Pawnbrokers have emerged as beneficiaries of gold’s historic rally, as the yellow metal crossed the psychological US$5,000 mark and set yet another record. After already gaining much in…
Japan says in close coordination with US on forex as yen intervention risks mount
Top Japanese authorities said on Monday they have been in close coordination with the United States on foreign exchange, but declined to confirm news reports of rate checks that…
Morgan Stanley looks to expand in Asia as markets deregulate
Morgan Stanley is pushing to expand its footprint in Asia, betting on a more favourable business outlook and growing opportunities in deregulated economies, according to Gokul…