Single-storey factory at 151 Gul Circle up for sale at $18 mil
Jovi Ho - A single-storey factory at 151 Gul Circle, situated within the Gul industrial precinct in Singapore’s western region, is being offered for sale for $18 million via private treaty. That is the address of Saurer Components, which focuses on textile machinery. Positioned on a substantial land area of ...
Asean’s tourism sector could contribute to region’s sustainable aviation fuel development, says Airbus
Janice Lim - This is relevant for the region, considering that a few countries have consistently been ranked among the top global travel destinations
Founder of SC Capital Partners acquires wellness-focused hospitality platform Fusion Hotel Group
Samantha Chiew - Suchad Chiaranussati has acquired Fusion Hotel Group, a leading wellness-inspired hospitality brand and management company based in Ho Chi Minh City. Chiaranussati is the founder and chairman of SC Capital Partners, as well as the owner of Hotel Management Japan (HMJ), one of Japan’s largest hotel ...
Gold steady as investors await central bank decisions, weigh Middle East risks
The surge in oil prices and the risk of higher inflation have prompted markets to scale back expectations for global central bank...
Final freehold office floor at 108 Robinson Road for sale at $16.2 mil
Gerine Tang Yi Qian - The final available floor at the 12-storey freehold 108 Robinson Road has been launched for sale at a guide price of $16.2 million, translating to approximately $3,725 psf. The strata office in the Central Business District (CBD) sits on an approximately 4,348 sq ft site along the Robinson Road corr ...
Tennessee minors sue Musk's xAI, alleging Grok generated sexual images of them
Samsung workers’ strike plan would disrupt chip supply, union chief says
The company union is seeking a 7% increase in base wages
Singapore sea freight companies hit with 50% fuel surcharge; war insurance premium also jacking up costs
Tay Peck Gek - One firm had to reroute cargo of used car parts to Dubai via India, raising the shipping cost five times
Sea cargo shipping is saddled with a host of surcharges
Tay Peck Gek - These range from emergency fuel costs to war risk premiums
SK Group chairman says wafer shortage to last until 2030, trying to stabilise memory prices
SK Hynix is the main high-bandwidth memory supplier to Nvidia
US dollar firms on war uncertainty; Aussie wobbles after RBA
HONG KONG, March 17 : The safe-haven U.S. dollar rose on Tuesday as the rapidly worsening war in the Middle East weighed on investor sentiment, while the Australian dollar wobbled in choppy trading after the central bank chief sent the market hawkish signals following a close vote to raise interest ...
Aussie dollar eases as RBA hikes rate; currencies drift on war uncertainty
HONG KONG, March 17 : The Australian dollar weakened on Tuesday after the country's central bank raised rates, though a close vote led traders to reduce bets on further tightening, while the U.S. dollar drifted as traders weighed developments in the Iran war.As expected, the Reserve Bank of Aus ...
Currency markets drift ahead of RBA meeting as oil uncertainty weighs
HONG KONG, March 17 : The U.S. dollar drifted on Tuesday as traders weighed developments in the Iran war, while the Australian dollar eased slightly ahead of an expected rate hike from the country's central bank later in the day. The euro was 0.12 per cent lower at $1.1492 in Asian trading, whi ...
RHB's Yeo keeps HRnetGroup at 'buy' with in-line FY2025, trims target price to 83 cents with larger share base
The Edge Singapore - Alfie Yeo of RHB Bank Singapore has remained bullish on HRnetGroup following in-line FY2025 earnings, but has slightly trimmed his target price from 84 cents to 83 cents to take into account a slightly larger share base. "We continue to like HRnetGroup for its decent growth outlook, strong cash ...
Oil gains over 2% as market weighs Iran war supply risks
March 17 : Oil prices rose more than 2 per cent in early trade on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.Brent future ...
Oil up again in Asian trade, with focus on Iran war
TOKYO: Oil climbed again in Asia on Tuesday (Mar 17) after prices retreated a day earlier, with investors remaining focused on the Strait of Hormuz.At around 12.30am GMT, West Texas Intermediate (WTI) was up 1.95 per cent at US$95.32 after it fell 5.3 per cent the previous day.Brent Crude was 1.84 p ...
VCCs may be used for money-laundering, warns MAS: FT
The Edge Singapore - The popular variable capital company structure, set up in 2020 to draw in fund managers and family offices, could be used for money laundering, warns the Monetary Authority of Singapore to industry participants, according to the Financial Times. The warning was delivered at a briefing in late Januar ...
US may drop quarterly reporting: WSJ
The Edge Singapore - The US Securities and Exchange Commission may be floating a proposal to make quarterly reporting optional. Under this proposal, US-listed companies will only be required to report just twice a year, according to the Wall Street Journal, citing people familiar with the matter. The proposal will be op ...
Ant Group secures China nod for Hong Kong brokerage acquisition
The deal is now expected to close on Mar 30, the filing says
Bank of Japan chief stresses need to hit 2% inflation backed by wage gains
TOKYO, March 17 : Bank of Japan Governor Kazuo Ueda said underlying inflation is accelerating toward the bank's 2 per cent target, stressing that price rises must be matched by solid wage gains.The remarks came ahead of the central bank's two-day policy meeting ending on Thursday, where th ...
Japan's underlying inflation accelerating toward BOJ target, Governor Ueda says
TOKYO, March 17 : Bank of Japan Governor Kazuo Ueda said on Tuesday underlying inflation was gradually accelerating toward the central bank's 2 per cent target."We will guide monetary policy appropriately so that Japan sustainably and stably achieves our 2 per cent inflation target," ...
Singapore’s Feb key exports growth slows to 4%; electronics surge eases, non-electronics slide
Elysia Tan - The conflict in the Middle East will pose a significant headwind going forward, economists say; Maybank trims its GDP forecast
Singapore’s Feb key exports growth slows to 4% as electronics surge eases and non-electronics slide
Elysia Tan - Exports up for six of the Republic’s top 10 markets but decline for China, India, Indonesia and US
Apple unveils second-generation AirPods Max at US$549, more than five years after debut
Currently, the segment is largely dominated by Japan’s Sony Group, Bose and Sennheiser
Stocks to watch: Singapore Airlines, Singtel, Yangzijiang Shipbuilding
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Mar 17):
OpenAI to cut back on side projects to focus on core business, WSJ reports
March 16 : ChatGPT-maker OpenAI's top executives are finalizing plans for a major strategy shift to refocus the company around coding and business users, the Wall Street Journal reported on Monday.Fidji Simo, chief of applications at OpenAI, previewed the changes to employees in an all-hands me ...
Asian container liners see turnaround as Red Sea remains shut
Disruption from the war is roiling global supply chains, forcing liners to tackle everything from transit halts to soaring fuel costs
Wong of DBS raises target price for FEHT to 75 cents on tourism recovery and value-unlocking potential
The Edge Singapore - Geraldine Wong of DBS Group Research has turned more bullish on Far East Hospitality Trust. On top of her "buy" call, she has raised her target price for this counter to 75 cents from 70 cents, citing its exposure to the ongoing recovery of the Singapore tourism industry. In addition, she ...
Is the fixed-income market ripe for yield-hunting amid volatility? Here’s where to look, according to analysts
Chloe Lim - Short-duration bonds are preferred to their long-duration counterparts in periods of volatility
South Korea’s SK Group chairman expects chip wafer shortage to last until 2030, eyes US ADR listing
SAN JOSE, California, March 17 : South Korea's SK Group Chairman Chey Tae-won on Monday said the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply. Speaking to reporters on the sideline of Nvidia's GTC Confer ...
Wealth bankers rush to calm growing private credit fears in Asia
Regulators in Asia are also increasing scrutiny of the asset class, aiming to protect less-savvy individual investors
Asian private bankers go on blitz to calm private credit nerves
Regulators in Asia are also increasing scrutiny of the asset class, aiming to protect less-savvy individual investors
Nvidia expects to make US$1 trillion from AI chips through 2027
has accelerated its technology development in recent years, seeking to replace its entire product lineup on an annual basis
Maybank initiates ‘buy’ on Sats, citing cargo growth prospects
Koh Kim Xuan - The brokerage has set a target price of S$4.52 for the in-flight caterer and ground handler
