China preps 500 bil yuan in new capital to supercharge investment
Bloomberg - China plans to allocate 500 billion yuan ($89.62 billion) of capital that could be leveraged up to fast track new infrastructure projects as authorities seek to cushion the economy from US tariffs, according to people familiar with the matter. Under the so-called “new financing policy tool,” the ...
OKP unit wins S$258.3 million LTA contract to construct new cycling paths in east
Paige Lim - With this latest award, the group’s net construction order book has reached a record high of S$735.8 million
Olam secures US$1.85 billion loan
Janice Lim - The first tranche is a US$1.6 billion conventional loan, while the remaining US$250 million will be issued as an Islamic loan
Global equity funds see second weekly outflow on tariff concerns
Global equity funds posted outflows for a second straight week through May 28, as risk aversion rose following U.S. President Donald Trump's tariff threats on EU imports and overseas-made iPhones, alongside a spike in long-tenor bond yields.Investors pulled out a net $7.52 billion from global e ...
Wee Hur sets up S$500 million medium-term note programme
Janice Lim - Notes to be issued may be in Singapore dollars or any other currency, in various amounts and tenors, and may bear interest...
Olam Agri secures three-year US$1.85 bil financing facility made up of conventional and Islamic tranches
Nicole Lim - Olam Group’s wholly-owned subsidiary Olam Agri has secured a three-year US$1.85 billion ($2.39 billion) financing facility which has two tranches, a US$1.6 million conventional tranche and a US$250 million Islamic tranche. Proceeds from the facilities will be applied towards general corporate purp ...
China's central bank injects 700 billion yuan of outright reverse repos in May
Market participants are closely watching for signals on when the PBOC will resume purchases of its own government bonds
DFI Retail Group divests stake in Robinson Retail Holdings through special block sale on Philippine Stock Exchange
Nicole Lim - DFI Retail Group Holdings divests its stake in Robinsons Retail Holdings worth 315.31 million common shares, about 22.2% of the company’s outstanding shares. The transaction was executed via a special block sale on the Philippine Stock Exchange, with pricing agreed upon based on prevailing market ...
Azeus Systems net profit for FY2025 up 96% y-o-y to HK$166.9 mil
Nicole Lim - Azeus Systems Holdings has reported a net profit of HK$118.1 million ($19.43 million) for the 2HFY2025, bringing its FY2025 ended March earnings to HK$166.9 million, up 96% y-o-y. The IT products and services company reported a revenue of HK$474.8 million for the full year, up 44% y-o-y. For the 2HF ...
Singapore clears 1GW of solar imports from Indonesia
Srinidhi Ragavendran / Bloomberg - Singapore took a step toward importing up to 1 gigawatt of solar power from Indonesia, part of the tiny city-state’s efforts to shore up energy security via cross-border links. The country’s Energy Market Authority granted a conditional license to Indonesia’s Singa Renewables Pte Ltd. — a jo ...
Daily Debrief: What Happened Today (May 30)
Stories you might have missed
DFI Retail Group divests 22.2% stake in Robinsons Retail for undisclosed sum
Paige Lim - The divestment will enable DFI to redeploy capital to support growth and enhance shareholder returns across its subsidiaries, says group
MacDermid Alpha Electronics Solutions expands Singapore production facility
Young Zhan Heng - The move aims to meet rising global demand for silver sintering paste
Singapore stocks fall as Trump tariffs resumes for now; STI retreats 0.6%
Megan Cheah - Across the broader market, decliners beat gainers 248 to 209, with 1.3 billion securities worth S$3.3 billion changing hands
Singapore stocks fall as Trump tariffs resume for now; STI retreats 0.6%
Megan Cheah - Across the broader market, decliners beat gainers 248 to 209, with 1.3 billion securities worth S$3.3 billion changing hands
Wee Hur establishes $500 mil multicurrency medium term note programme
Nicole Lim - Construction company Wee Hur Holdingshas established a $500 million multicurrency medium term note programme, that will be offered outside the USA and in Singapore to institutional investors. Wee Hur says that it will issue notes from time to time in Singapore dollars or any currency, in various amo ...
Tax bill contains 'sledgehammer' for Trump to retaliate against foreign digital taxes
WASHINGTON :U.S. President Donald Trump would have the power to retaliate against countries that impose special digital service taxes on large U.S. technology companies like Amazon and Alphabet, under a provision in the sweeping tax bill that Congress is considering."If foreign countries want t ...
Google judge mulls softer remedies in US search antitrust case
WASHINGTON :A federal judge in Washington suggested on Friday he is considering making Alphabet's Google take less aggressive measures to restore competition in online search than the 10-year regime proposed by antitrust enforcers. U.S. District Judge Amit Mehta heard closing arguments on Frida ...
Google and DOJ to make final push in US search antitrust case
WASHINGTON :Alphabet's Google and U.S. antitrust enforcers will make their final arguments on whether the tech giant should be forced to sell its Chrome browser or adopt other measures to restore competition in online search, as the blockbuster antitrust trial concludes on Friday.The U.S. Depar ...
Judge in Google case questions future of search amid rise of AI
WASHINGTON :A judge asked the U.S. Department of Justice on Friday how much room there would be for new search engines to emerge given the rise of artificial intelligence, as antitrust enforcers press for Alphabet's Google to take dramatic measures to restore competition in online search.U.S. D ...
Fuji Offset Plates Manufacturing shares jump 67% after former Dyna-Mac CEO AC Lim buys S$4.5 million stake
Low Youjin - As controlling shareholder, Lim will have the right to be appointed to the board
Trump’s tariff options slower, more complex if court fight fails
Josh Wingrove / Bloomberg - President Donald Trump’s administration insists his tariffs are here to stay, one way or another. The White House spent Thursday triaging the fallout from a pair of rulings that suspended the bulk of his tariffs, imposed under an emergency authority that the courts say he overstepped. A federal ap ...
Trump hails Nippon Steel as 'great partner' for US Steel in raucous rally
WEST MIFFLIN, Pennsylvania :U.S. President Donald Trump on Friday lauded an "agreement" between Nippon Steel and U.S. Steel at a political rally but stopped short of clarifying whether he planned to approve the companies' diplomatically sensitive merger.On a Pittsburgh, Pennsylvania-a ...
Trump hails Nippon Steel as 'great partner' for US Steel in rally
WEST MIFFLIN, Pennsylvania: US President Donald Trump on Friday lauded an "agreement" between Nippon Steel and US Steel at a political rally but stopped short of clarifying whether he planne
Joint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
Paige Lim - The site is the first under the Industrial Government Land Sales Programme to be awarded with an additional three years of lease
Market Focus Daily: Friday, May 30, 2025
Asian markets reverse as appeals court gives Trump tariffs reprieve; Chinese tech stocks drop as US-China trade talks “stalled”; India’s Ola Electric...
EMA grants conditional licence to RGE, TotalEnergies’ Indonesian solar project to import electricity to Singapore
Mia Pei - This permits Singa Renewables to bring in 1 gigawatt of low-carbon electricity
EMA grants conditional licence to RGE, TotalEnergies’ Indonesian solar project for electricity import to Singapore
Mia Pei - This is the sixth electricity-import project to be awarded a conditional licence
Boustead Singapore’s real estate division wins tender to develop JTC Corp’s Tukang innovation site
Nicole Lim - Boustead Singapore’s real estate solutions division has been awarded the tender to develop the Tukang Innovation Drive Plot A by JTC Corporation, together with its joint venture partners. Boustead’s real estate division, known as BP-Innovue, will be providing development management services to d ...
ECB's Panetta warns crypto losses can harm confidence in banks
ROME :European Central Bank policymaker and Bank of Italy Governor Fabio Panetta called on Friday for close monitoring of the reputational risks banks face in providing crypto-asset services, warning that losses could harm the trust of customers.Presenting the Bank of Italy's annual report, Pan ...
Is it time to remove the 15-month wait-out period for private property owners eyeing HDB resale flats?
Chong Xin Wei - While prices for public housing resale flats show early signs of easing, analysts say tight supply and firm demand mean rates could...
RHB remains positive on CDG for its mid-teens earnings growth and ‘above-market’ dividend yield
Felicia Tan - RHB Bank Singapore analyst Shekhar Jaiswal has maintained his “buy” call on ComfortDelGro(CDG) with an unchanged target price of $1.75 as he continues to like the group for its mid-teens earnings growth and above-market dividend yield. For the FY2025 ending Dec 31, Jaiswal is expecting CDG to re ...
France inks deal with Singapore as Macron courts Southeast Asia
Philip J. Heijmans, Josh Xiao and Clara Ferreira Marques / Bloomberg - France and Singapore signed a wide-ranging deal to enhance nuclear power and clean energy cooperation during President Emmanuel Macron’s visit to the city-state. The agreement also covers cyberspace and defence collaboration, Macron said during a joint news conference Friday with Singapore Prime M ...
UOB Kay Hian raises target price for Valuetronics to 83 cents
The Edge Singapore - UOB Kay Hian analysts have kept their "buy" call on Valuetronicsfollowing a record FY2025. While there are broader trade uncertainties, the company is "cautiously optimistic" about its prospects thanks to new customers, according to analysts John Cheong and Heidi Mo, who have rai ...
