Kallang Wave Mall to undergo ‘extensive’ AEI from May; 21m-tall climb wall to extend beyond mall’s roof
Jovi Ho - Kallang Wave Mall will undergo an “extensive” asset enhancement initiative (AEI) from May, with completion targeted for 2028, according to manager CapitaLand Investment (CLI). The AEI will introduce new community spaces, refreshed facades, upgraded alfresco dining areas along the Stadium Park Co ...
Wealthy Asians chasing returns pour US$25 billion into AI startups
For Asia’s elite, the allure of generational tech gains is outweighing the risks of a potential bubble
Olam shares rise 8% following regulatory approval to divest partial stake of agribusiness unit
Chloe Lim - [SINGAPORE] Shares of Olam Group rose more than 8 per cent on Thursday (Apr 16) morning, after it secured regulatory approval to...
JLL markets 26 freehold units in District 9’s Residences at Emerald Hill
Jovi Ho - JLL is marketing 26 units from the 33-unit Residences at Emerald Hill, a freehold residential development within the Emerald Hill enclave in District 9, valued at a total of $180 million. The guide price of the units ranges from $4.7 million to $13.4 million, translating to approximately $1,900 psf ...
S&P Global downgrades ASX after Australian regulator finds governance, risk failures
It downgraded the long-term issue rating on ASX debt to “A+” from “AA-”
Macro hedge funds hammered in China as Bridgewater loses 5.6%
Markets have recovered in recent days on optimism over further US-Iran talks
DBS Group Research sees 9 Penang Road ‘an obvious pipeline’ for Suntec REIT, but unlikely in the near-term
Teo Zheng Long - DBS Group Research is keeping its “buy” recommendation and a target price of $1.60 for Suntec REIT (SGX: T82U ) , following media reports indicating that 9 Penang Road may potentially be injected into the REIT. In an April 16 note, DBS mentions that the asset currently held by the Tang Organizat ...
Olam gets nod from final jurisdiction to divest 44.58% of Olam Agri to Saudis
Therese Soh - Proposed sale is the first of two tranches in the group’s US$2.6 billion divestment of its remaining stake in the agribusiness unit
Olam clinches regulatory approval from final jurisdiction to divest 44.58% of Olam Agri to Saudis
Therese Soh - The proposed sale is the first of two tranches in the group’s US$2.6 billion divestment of its remaining stake in the agribusiness...
Dollar hangs near six-week lows as investors bet on Iran peace deal
HONG KONG, April 16 : The U.S. dollar held near its lowest level since early March against major currencies on Thursday, as the White House's optimism over a peace deal with Iran buoyed sentiment and encouraged traders to shed safe-haven positions.President Donald Trump said the U.S.-Israeli wa ...
OpenAI CEO Altman seeks dismissal of sister's punitive damages claims in sexual abuse lawsuit
April 15 : Sam Altman is seeking the dismissal of punitive damages claims in his sister's civil lawsuit accusing the OpenAI co-founder and chief executive of repeated sexual abuse more than two decades ago, an accusation he denies.In a Wednesday night filing in St. Louis federal court, Sam Altm ...
Asia markets advance on peace deal hopes, corporate earnings
[SINGAPORE] Stocks pushed higher in early Asia trading on Thursday as optimism grew about a deal to end the Iran war with...
Alpha Integrated REIT’s 1QFY2026 portfolio occupancy improves to 91.4%
Teo Zheng Long - Alpha Integrated REIT (SGX: M1GU ) (AI REIT) has reported a portfolio occupancy rate of 91.4% for 1QFY2026, ended March 31, as compared to 86.4% a year ago. The improvement in portfolio occupancy rate was supported by strong retention and proactive leasing, with momentum carried from FY2025 where it ...
Gold rises as push for US-Iran diplomacy eases inflation risk
The swap market is still betting that the US Federal Reserve will hold rates steady this year
Elliott takes stake in Japan's Daikin, calls for higher returns
TOKYO, April 16 : Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets.Elliott did not provide further details on the stake.A person familiar with the ma ...
Elliott takes stake in Japan's Daikin, pushes for portfolio review
TOKYO, April 16 : Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets.Elliott's stake is around 3 per cent and it believes Daikin should do more to ...
Oil prices fall as hopes for US-Iran deal outweigh supply disruption concerns
TOKYO, April 16 : Oil prices fell in early trade on Thursday as hopes for easing U.S.-Iran tensions, following reports that Iran could allow ships to pass through around the Strait of Hormuz, outweighed concerns over ongoing supply disruptions.Brent crude futures dropped 44 cents, or 0.5 per cent, t ...
Wall Street goes bottom fishing in beaten-down software stocks
Ryan Vlastelica and Carmen Reinicke / Bloomberg - Wall Street has gotten repeatedly burned calling a bottom in software stocks, which have been hit hard by fears that artificial intelligence will make the companies obsolete. But this week’s bounce is bringing some bottom-fishing investors back to the group on hopes that the worst may finally be o ...
Stocks to watch: SIA, Yangzijiang Shipbuilding, Keppel DC Reit, Suntec Reit, Olam Group, StarHub
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 16):
Luxury giants slump as Gulf demand seizes up due to war
The war in the Middle East has disrupted oil and gas supplies and darkened the economic outlook with fears of a global...
Support of trusted regional partners key to securing energy needs: PM Wong
Singapore, as an oil trading and refinery export hub, will do what it can to secure alternative “upstream feedstock”, PM Wong says
White House has no opinion on potential United Airlines deal for American Airlines
[WASHINGTON] The Trump administration does not have an opinion on reports that United Airlines was considering merging with rival American Airlines, White...
TSMC logs huge profit jump and predicts record Q2 revenue on AI boom
TAIPEI, April 16 : TSMC posted a hefty jump to record profit and forecast second-quarter sales would hit a historic high as the world's biggest contract manufacturer of advanced AI chips scrambles to meet relentless hunger for its products.The company, a major supplier to Nvidia, noted the worl ...
TSMC quarterly profit leaps 58% to record, beats expectations
TAIPEI, April 16 : TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 58 per cent jump in first-quarter profit to record levels that handily beat market forecasts.Benefiting from surging demand for advanced chips used in artificial intellig ...
TSMC posts 58% quarterly profit jump, beating market expectations
TAIPEI, April 16 : TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 58 per cent jump in first-quarter profit to record levels that handily beat market forecasts.Benefiting from surging demand for advanced chips used in artificial intellig ...
TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand
TAIPEI, April 16 : TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of record earnings with a 50 per cent surge in net profit for January-March driven by booming demand for AI infrastructure.Demand for Taiwan Sem ...
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
Chloe Lim - Distributable income is up 20.7% at S$74.6 million
Japan, US agree to strengthen communication on exchange rates
WASHINGTON, April 15 : Japan and the U.S. agreed to strengthen communication on exchange rates, Japanese Finance Minister Satsuki Katayama said after her meeting with U.S. Treasury Secretary Scott Bessent on Wednesday.The remark, made on her X account, came as demand for the safe-haven dollar helped ...
Japan, US agree to intensify communication on exchange rates
WASHINGTON, April 15 : Japan and the U.S. agreed to intensify communication on exchange rates, Japanese Finance Minister Satsuki Katayama said after her meeting with U.S. Treasury Secretary Scott Bessent on Wednesday.Katayama, who is visiting Washington for the International Monetary Fund (IMF) meet ...
Singaporeans can now buy record amount of yen per Singdollar
[SINGAPORE] The Japanese yen slid to a fresh low against the Singapore dollar, giving Singaporeans the most yen per Singdollar in over a...
Jury finds Live Nation acts as a monopoly in a victory for states
A US Federal jury on Wednesday found that Live Nation, the concert giant that owns Ticketmaster, has operated as a monopoly in...
More Japanese firms say no to rate hikes as Iran war clouds outlook: Reuters poll
TOKYO, April 16 : The number of Japanese firms that do not want the Bank of Japan to raise interest rates has risen sharply since the start of the year as the Iran war clouds the outlook for global growth and corporate earnings, a Reuters survey showed on Thursday.The U.S.-Israel war on Iran, launch ...
Let’s combine the benefits of the broker custody model and the seamless experience of the CDP
Lee Su Shyan - As the industry mulls ways to enliven the Singapore bourse, it is worth seeing how to achieve the best of both worlds
BBC set to cut as many as 2,000 jobs as broadcaster trims costs
The company is primarily funded by UK households paying a flat annual license fee, sometimes critically described as a tax
