EU Commission investigates depth of EU safety net for stablecoin holders
MILAN : The European Commission is investigating the extent to which EU rules on crypto assets protect the redemption rights of the bloc's investors in identical e-money tokens (EMTs), the value of which is pegged to that of a single official currency. France's Autorité de contrôle prude ...
MPACT’s DPU falls 9.1% lower y-o-y to 2.00 cents for 3QFY2025
Douglas Toh - Mapletree Pan Asia Commercial Trust (MPACT) has declared a distribution per unit (DPU) of 2.00 cents for the 3QFY2025 ended Dec 31, 2024, a 9.1% y-o-y decrease. For the 9MFY2025, DPU similarly fell 8.3% y-o-y to 6.07 cents. Gross revenue in the quarter dropped 7.4% y-o-y to $223.7 million, while net ...
OUE Reit’s H2 DPU increases 8.7% to S$0.0113
Elysia Tan - The amount to be distributed to unitholders increases 8% on year to S$62.4 million
OUE Reit’s H2 DPU rises 8.7% to S$0.0113
Elysia Tan - The amount to be distributed to unitholders increases 8% year on the year to S$62.4 million
BCA projects higher construction demand for 2025; SGX listcos to look out for
Felicia Tan - The Building and Construction Authority (BCA) said total construction demand for 2025, or the value of construction contracts to be awarded during the year, is likely to range between $47 billion and $53 billion in nominal terms. This year’s estimate, released on Jan 23, is 46.88% higher or 39.47% ...
Trade wars sparked by Trump tariffs would be 'catastrophic', WTO chief says
GENEVA/DAVOS, Switzerland :The World Trade Organization chief said on Thursday that any tit-for-tat trade wars prompted by U.S. President Donald Trump's tariff threats would have catastrophic consequences for global growth, urging states to refrain from retaliation.WTO Director-General Ngozi Ok ...
Trade wars would be 'catastrophic' for global growth, WTO chief says
GENEVA : The World Trade Organization chief said on Thursday that any tit-for-tat trade wars would have catastrophic consequences for global growth in a debate where U.S. President Donald Trump's tariff threats were discussed."If we have tit-for-tat retaliation, whether it's 25 per ce ...
Vanke in talks to sell logistics firm stake to GIC: source
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund...
China’s Vanke in talks to sell logistics firm stake to GIC: source
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund...
General Atlantic CEO says he is optimistic on TikTok deal in the US
DAVOS, Switzerland : The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed. New U.S. President Donald Trump signed an executive order ...
UK to launch independent firm to boost variable recurring payments
:British regulators are setting up an independent company that will advance variable recurring payments, allowing third-party financial service providers to access banking information and initiate payments on behalf of consumers or businesses.This move is part of a broader plan for 2025, which inclu ...
MAS tipped to ease monetary policy as Singapore’s core inflation dips further in December
Sharon See - Core inflation inches down to 1.8%, bringing full-year inflation for 2024 to 2.7%
Meta, WhatsApp win relief as India tribunal suspends data sharing ban
AN INDIAN tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the US...
Suntec REIT reports DPU of 6.192 cents for FY2024, 2.3% lower y-o-y
Douglas Toh - Suntec REIT has reported a distribution per unit (DPU) of 6.192 cents for the FY2024 ended Dec 31, 2024, 2.3% lower y-o-y. For the 2HFY2024, DPU similarly fell 13.9% y-o-y to 3.15 cents. Distributable income for the year fell by 12.5% y-o-y to $180.9 million due to higher financing costs and lower ...
US fintech firm Broadridge to boost India headcount by 26% in 3 years, top exec says
BENGALURU - U.S. fintech firm Broadridge Financial will expand its India tech staff by 26 per cent to 6,800 people over three years as it gears up to sell its products in the world's most populous nation, a top executive told Reuters.The firm, which counts JPMorgan Chase & Co, Bank of Ameri ...
Databricks caps US$15 billion fundraise with Meta as new investor
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than...
Nissan to procure EV batteries from SK On for US market, Nikkei reports
TOKYO : Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea's SK On from around 2028 onwards, the Nikkei newspaper said on Thursday, as the troubled Japanese automaker looks to ramp up its EV business as part of a planned turnaround.Separately, a Niss ...
Singapore Retailers Association calls for relaxed foreign worker quotas, levies in Budget 2025
Renald Yeo - It suggests reducing the foreign worker levy by 20 to 30% for service workers with at least the WSQ Certificate in Retail...
MPACT Q3 DPU falls 9.1% to S$0.02 amid global headwinds
Tan Nai Lun - Its lower revenue is due to the lack of contributions from its divested office property Mapletree Anson, as well as lower contributions...
India sends notices to Uber, Ola over pricing disparity on Apple and Android phones
:An Indian government body has sent notices to ride-hailing firms Ola and Uber over alleged differential pricing for Android and Apple phones, the country's consumer affairs minister, Pralhad Joshi, said in a post on X on Thursday.The move comes after several reports by local media and as users ...
Uber denies implementing phone model-based pricing in India
:Uber said it does not set ride prices based on a user's phone model, shortly after an Indian government body alleged that the ride-hailing giant and its domestic rival Ola use differential pricing for Android and Apple phones.India's consumer affairs minister Pralhad Joshi said on X on Th ...
UK to investigate Apple and Google's mobile ecosystems
LONDON : Britain launched an investigation into the smartphone browser market on Thursday, its second use of recently bulked up regulatory powers to take on tech titans. The country's antitrust regulator said it would investigate whether Apple and Google have strategic market status in their mo ...
Suntec Reit’s H2 DPU falls 13.9% to S$0.0315
Elysia Tan - Revenue falls by a marginal 0.7 per cent to S$236.7 million for the half-year period
Suntec Reit’s H2 DPU slides 13.9% to S$0.0315
Elysia Tan - Capital distribution is absent in FY2024; operational performance of trust’s Singapore office and retail portfolios, as well as Sydney properties, improves
China’s southbound bond outflows hit highest since 2022
Bloomberg - Chinese sovereign bonds’ falling yields are driving onshore investors to actively hunt for overseas alternatives with higher returns. Capital outflows from mainland China via its Southbound Bond Connect program totaled nearly 52 billion yuan ($9.68 billion) in December, the highest since August 20 ...
One by one, world leaders in Davos fall in line in Trump era
Bloomberg - He’s not showing up in person, and his video address will come as the World Economic Forum is already winding down. But Donald Trump is still what everyone wants to talk about in Davos. Fans like Argentine President Javier Milei are celebrating. Ukraine’s Volodymyr Zelenskiy is looking to his ...
Market Focus Daily: Thursday, January 23, 2025
China unveils plan to encourage insurance funds into stock markets; Indonesian Rupiah near Asian Financial Crisis low; Ley Choon surges 15% as...
Singapore car portal UCars S$4 million in debt, heads for voluntary winding-up
Derryn Wong - Sixty creditors are owed a total of around S$3.8 million; EGM on the voluntary closure slated for Feb 7
Singapore car portal UCars is winding up
Derryn Wong - An EGM to pass the voluntary closure of the company, which was set up by car dealers, takes place on Feb 7
Japan cautious on economy as Trump's policies take centre stage
TOKYO : Japan's government on Thursday maintained a cautious outlook for the economy in part as policymakers kept a wary eye on U.S. President Donald Trump's policies and their potential impact on global growth. The government also said fluctuations in financial markets are among other fac ...
HSBC’s payments app closure puts around 400 jobs at risk: source
HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter...
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking...
GVT secures TSV project by global leader in wafer fabrication equipment
Douglas Toh - Mainboard-listed semiconductor equipment maker Grand Venture Technology (GVT) has secured a through-silicon VIA (TSV) project by a global leader in wafer fabrication equipment and services to manufacture components and modules. TSV technology is essential in semiconductor manufacturing, enabling t ...
AI spending is set to grow in 2025: report
Therese Soh - Companies are adopting a pragmatic approach when scaling up the adoption of artificial intelligence
