Straits Trading sells stake in Korean warehouse, to receive net proceeds of $83.4 mil
The Edge Singapore - The Straits Trading Company, via a real estate joint venture, has sold a logistics facility in Korea for KRW 432 billion, or $377.6 million. Straits Trading holds an effective interest of 47.3% in the property, the Arenas Yeongjong Logistics Center, at Incheon. Straits Trading says the sale is part ...
FCT’s occupancy rises to 99.9% after new cinema tenants replace Cathay
Renald Yeo - This is up from 98.1% in the previous quarter ended Sep 30, 2025
With the STI closing in on 5,000, these laggards may rebound
Goola Warden - The Straits Times Index is almost at 5,000. Indicators are high, but they have been higher. 21-day RSI is at 78 which is several notches lower than Sing Holdings whose 21-day RSI ended at 92 on Jan 23. Of course Sing Holdings has fundamentals to back up its sudden sharp surge. The STI, in turn, is l ...
Thakral Corp plans to pay $93.9 million to raise stake in Gurugram development
The Edge Singapore - Thakral Corporation plans to pay $93.9 million to increase its stake in a real estate and healthcare project in India from 13.64% to 95.28%. This additional 81.64% stake will be bought from a subsidiary of Thakral Group, an entity that is controlled by the extended Thakral family, and which is also ...
Thakral Corp plans to pay $93.9 mil to raise stake in Gurugram development
The Edge Singapore - Thakral Corporation plans to pay $93.9 million to increase its stake in a real estate and healthcare project in India from 13.64% to 95.28%. This additional 81.64% stake will be bought from a subsidiary of Thakral Group, an entity that is controlled by the extended Thakral family, and which is also ...
FCT reports 1QFY2026 occupancy of 98.1%; aggregate leverage of 40.3%
Felicia Tan - Frasers Centrepoint Trust (FCT) has reported a committed occupancy rate of 98.1%, unchanged q-o-q for the 1QFY2026 ended Dec 31, 2025. After the first quarter of this year, the REIT’s occupancy rate will increase to 99.9% with the cinema spaces at Causeway Point and Century Square successfully bac ...
Straits Trading unit to divest South Korea logistics property for 432 billion won
Deon Loke - Completion of the disposal is expected to take place on or around Jan 29
Citigroup to lay off more employees in March
The layoffs are expected after bonuses are paid in March
UBS explores crypto investing for select private banking clients, Bloomberg News reports
Jan 23 : UBS is planning to offer cryptocurrency investment options to some private banking clients, Bloomberg News reported on Friday, citing people familiar with the matter. The Swiss lender is selecting partners for the proposed crypto offering, the report said. UBS would initially allow select ...
UK investigates Meta's compliance with WhatsApp data requests
LONDON, Jan 23 : British regulator Ofcom said on Friday it had opened an investigation into Meta Platforms over the information it had provided relating to WhatsApp for one of its market reviews."Last year, we carried out a review of the wholesale market for business bulk SMS messages, which ar ...
Analysis:Elon Musk's Starlink: A must-have for airlines, or a costly perk?
LONDON, Jan 23 : A social-media feud between Elon Musk and Ryanair boss Michael O'Leary over the cost of fitting Starlink's WiFi service has reignited a long-running debate in aviation: who really needs internet at 30,000 feet - and who is willing to pay for it?For long-haul carriers chasi ...
Intel shares tumble as supply chain snarls hamper turnaround
Jan 23 : Intel's shares plunged 12 per cent on Friday after the company struggled to meet strong AI demand for data-center chips due to supply constraints, disappointing investors betting on its turnaround.After years of sitting out the artificial intelligence boom that turned Nvidia into the w ...
Heathrow's new scanners end dreaded rummage for liquids and laptops
LONDON, Jan 23 : Passengers will no longer be forced to dig around in their hand luggage to extract shampoos, water bottles and laptops when travelling through security at Heathrow, Europe's busiest airport, thanks to new specialist scanners. Heathrow said on Friday that all security lanes acro ...
High Court grants OG possession of Taste Orchard under consent order
Paige Lim - Master tenant Hao Mart and its subtenants have already vacated the mall’s premises, BT understands
Tai Sin Electric, Avi-Tech issue respective profit warnings
The Edge Singapore - Tai Sin Electric warns that it will report 1HFY2026 earnings for the half year ended Dec 31 2025 that will be significantly lower. The company blames the sudden surge in copper prices towards the end of December 2025, forcing the company to make additional provisions for contracts already committed ...
Nera Telecommunications wins orders worth over $15 million
The Edge Singapore - Nera Telecommunications has recently won contracts worth over $15 million from two leading service providers in Southeast Asia. One of the contracts, a renewal, entails the delivery of smart services training programmes and the deployment of trained personnel across close to one hundred sites. It in ...
Grab-GoTo deal hits snag caused by state-backed holder’s stake
Telkomsel is indicating it is unwilling to sell at anywhere near current valuations because of its original investment being at a much...
Singapore stocks track global rally; STI up 1.3% after hitting new high
Tan Nai Lun - Gains are led by UOB, which jumped 5%, and OCBC, which was up 3.4%
Starhill Global Reit wins arbitration proceedings over Adelaide mall lease
Deon Loke - Department store chain Myer had alleged that the mall was ‘substantially empty of suitably presented retail stores’
Starhill Global Reit wins arbitration proceedings against Myer over Adelaide mall lease
Deon Loke - Department store chain alleged that the mall was ‘substantially empty of suitably presented retail stores’
Apple and Dell supplier Pegatron expects US plant to be completed by end of March
TAIPEI, Jan 23 : Taiwanese contract electronics manufacturer Pegatron's first U.S. factory is expected to be completed by the end of March, with trial production to begin around then or April, President and CEO Kuang-Chih Cheng said on Friday.The company is a supplier to Apple and Dell.
Taiwan looks forward to more chip investment in Arizona, president says
TAIPEI, Jan 23 : Taiwan looks forward to even more semiconductor investment in Arizona to bolster ties with the United States, President Lai Ching-te told a visiting senator from the state on Friday.U.S. President Donald Trump has pushed the major producer of semiconductors, which runs a large trade ...
SBF sees a 70% surge in businesses seeking support amid rising trade tensions
Jermaine Fok - The chamber’s total membership is up 7% and now stands at 34,200
The Business Times Global to officially launch on Jan 26, with focus on S-E Asia
Evan See - The event will feature a dialogue with Minister Tan See Leng, founders of Kopi Kenangan and AI firm Amity
Ericsson to continue job cuts, CEO says
Jan 23 : Swedish telecoms equipment maker Ericsson expects to continue shedding jobs, CEO Börje Ekholm said on Friday."You have seen that we have reduced the headcount, for example, by 5,000 over the past year, and we expect to continue reducing headcount going forward," Ekholm said in a ...
Hyundai Motor to recall nearly 84,000 US vehicles over instrument panel display failure, NHTSA says
Jan 23 : Hyundai Motor is recalling 83,877 vehicles in the U.S. as the instrument panel display may fail to show critical safety information, such as the speedometer or fuel gauge, the U.S. National Highway Traffic Safety Administration said on Friday.The audio video navigation software will be upda ...
Inpex working on advancing Indonesia's Abadi LNG project to meet government request
TOKYO, Jan 23 : Japan's Inpex is working to advance the start of its Abadi project in Indonesia to meet the government's request to speed up and has seen strong interest from Western majors to buy liquefied natural gas, CEO Takayuki Ueda said.The long-delayed $20 billion project, which wil ...
DBS initiates ‘buy’ call on Coliwoo Holdings amid growing Singapore co-living market
Chloe Lim - One key risk lies in its significant capital outlay for renovation and maintenance works being irrecoverable, say analysts
From K-pop to ‘petrol station’ sets: How photo studios are clicking with customers
Chong Xin Wei - As the post-pandemic scene grows saturated, photo booth operators aim to stand out with fresh concepts and collaborations
‘Arbitration noise’ weighs over Seatrium but CGSI and Citi keep positive calls
Lin Daoyi - CGS International and Citi Research have maintained their respective positive calls on Seatrium after news that Norwegian company Aibel AS, its partner for the DolWin 5 project, has filed arbitration proceedings on Seatrium, claiming EUR113 million. In return, Seatrium has filed its own claim of EUR ...
BOJ Governor Ueda's comments at news conference
Jan 23 : The Bank of Japan raised its growth estimate and maintained its hawkish inflation forecasts on Friday even as it kept interest rates steady, signalling its confidence a moderate recovery would justify raising still-low borrowing costs further.At a two-day meeting that ended on Friday, the B ...
Ericsson plans first-ever share buyback as profit beats market view
Jan 23 : Swedish telecoms gear maker Ericsson said it planned to return 15 billion Swedish crowns ($1.7 billion) to investors through its first share buyback programme ever, after it trounced quarterly earnings expectations on Friday.Shares of the company rose more than 11 per cent in early Stockhol ...
Ericsson's profit beats market view, plans $1.7 billion buyback
Jan 23 : Swedish telecoms gear maker Ericsson said it planned to return 15 billion Swedish crowns ($1.7 billion) to shareholders through share repurchases as it beat quarterly operating earnings expectations on Friday.The company reported adjusted earnings before interest and taxes, excluding restr ...
Sing Holdings to announce significant rise in FY2025 net profit due to North Gaia
The Edge Singapore - Sing Holdings has announced that it is expecting a significant increase in net profit because of the recognition of revenue from the completion of an Executive Condominium (EC) development, North Gaia. According to a presentation in its AGM in April last year, 99.5% of North Gaia had been sold, with ...
