Should CSE Global’s lead independent director have stayed?
Teo Zheng Long - In most Singapore Exchange filings, board resignations follow a familiar script: calm wording, no visible disagreement and the standard “personal reasons” explanation. CSE Global (SGX: 544 ) broke from that pattern this week with a notably unusual resignation announcement. Tan Chian Khong, lead ...
UOB is a ‘fast follower’ when it comes to adopting tech, says bank’s group head of innovation
Felicia Tan - United Overseas Bank’s (UOB) approach to technology is the same as its overall philosophy — a “careful” one. Instead of striving to be the leader in implementing new features, the bank prefers to be a “fast follower”. “We are always a very careful bank. So I would say that the strategy ...
Talent fight heats up in India finance hub as DBS, Standard Chartered chiefs quit
Global banks are expanding their presence in Gift City, lured by tax incentives and a lighter regulatory framework
Pain relief for GI Joes, giant leap for iX Biopharma
Teo Zheng Long - You might expect a pharmaceutical company founder to have a background in science or medicine. Instead, Catalist-listed iX Biopharma (SGX: 42C ) was founded by Eddy Lee, who spent most of his career in unrelated fields, from hospitality to telecommunications. Instead of a formal education in science ...
CapitaLand unveils R&D gem Geneo
Kwan Wei Kevin Tan - $1.4 bil development is a statement of intent of the city-state’s grand R&D ambitions It is easy to be awestruck when you enter Geneo, CapitaLand Group’s new life sciences and innovation hub located at Science Park Drive. Jointly owned by CapitaLand Development (CLD) and CapitaLand Ascendas ...
Singapore retail sales up 5.4% in April, surpassing forecasts
Paige Lim - Most retail sectors recorded year-on-year growth in sales
IPOs are back in Singapore, but are they any good for investors?
Frankie Ho - The Singapore IPO market is stirring again. But there’s a problem: investors aren’t making much money from the new listings. After years of drought, the Singapore Exchange (SGX) is seeing a fresh batch of new listings. So far this year, the market has welcomed five IPOs and a secondary listing. ...
Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI's m ...
India holds rates, ramps up measures to support faltering rupee
MUMBAI: The Reserve Bank of India held its policy rate steady on Friday (Jun 5) and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows.The measures include scrapping capital gains tax for foreign holders of governmen ...
Japan warns of ‘decisive action’ to defend yen as FX reserves tumble
Analysts say global bond rout could make Washington sensitive about the country’s Treasury sale
What to make of SpaceX’s mind-boggling IPO
Assif Shameen - The world’s most audacious storyteller Elon Musk this past week launched a global roadshow pitching the initial public offering (IPO) of his flagship Space Exploration Technologies Corp, popularly known as SpaceX, to investors around the world. The firm will raise US$75 billion ($95.9 billion) at ...
Central banks face painful test as stresses multiply
Andrew Sheng - Central banks were created to deal with crises. The first, Sveriges Riksbank, was founded in 1668 to deal with a Swedish banking collapse. The Bank of England was founded in 1694 to finance Britain’s war against France. The US Federal Reserve (Fed) banking system was created in 1913 to manage a vo ...
Switch in talks to raise funds at $50 billion-plus valuation, The Information reports
June 4 : Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, The Information reported on Thursday, citing people with knowledge of the deal. Here are some details: • Brookfield Asset Management, KKR and other private equity and institution
The trade war is returning with a vengeance
Manu Bhaskaran - Just as hopes for an end to the Middle East war are rising, the drums of another war are beating. The world is edging closer to a new trade war as the US and Europe search for ways to cope with China’s surging export competitiveness, and as China threatens to retaliate. These disagreements will be ...
From CTO to CEO: Anext Bank taps financing AI hardware to grow SME lending
Benjamin Cher - The Ant International unit is using AI financing and alternative data to expand credit access for MSMEs
Grandfathers and the inheritance that outlasts wealth
Jeffery Tan - Asia is on the cusp of one of the largest intergenerational wealth transfers in history. By some estimates, trillions of dollars will pass from one generation to the next in the coming decades. But amid the fixation on assets, portfolios and inheritance planning, a more enduring question risks being ...
Reading between China’s red lines
Stephen S Roach - Chinese President Xi Jinping sent an unmistakably tough message on Taiwan to US President Donald Trump during their recent summit in Beijing. Xi warned that if the issue was handled poorly, China and the US would “collide or even clash”, creating an “extremely dangerous situation”. He stress ...
It is time to snap up silver
Nirgunan Tiruchelvam - In the summer of 1980, a modern marvel arrived in my family home in Colombo. Uncle Clarence brought it from New York. It was a Polaroid camera. The gadget looked like a sleek, flat book when closed and unfolded into a triangular camera. It could take a photo and develop it in a few minutes. The prin ...
Nvidia’s big laptop bet hinges on frugal chips
Parmy Olson - Gamers who long ago coveted Nvidia Corp’s graphics cards because they rendered computer games so beautifully will soon be eyeing new Windows computers that plug that technology right into a laptop’s brain. Nvidia’s latest effort to diversify itself from the monumentally successful business of ...
WeChat at the centre of China’s business universe
Daryl Guppy - In recent weeks, I have been working with some South African clients who are interested in the Chinese market, either as exporters or as domestic business partners. It has been a useful reminder of how China is mythologised: “It is a vast single market”; misunderstood: “Everything is state-con ...
Valuing companies using discounted assets
Thiveyen Kathirrasan - The three main financial statements investors should use for analysis and valuation of a company are the income statement, balance sheet and cash flow statement. The goal of analysing and valuing a company should be to estimate the price at which the investor thinks the company should be trading. Th ...
Cash is king, until it is not: Lombard Odier
Kwan Wei Kevin Tan - Cash. The one asset class that nearly every investor, rich or poor, has exposure to. Whether you are a billionaire paying top dollar to your fund managers or private bankers to grow your wealth, or a retail investor hoping to get rich buying the dip, you probably have some cash or cash equivalents l ...
China market headed for another upcycle, says T Rowe Price’s Zheng
Kwan Wei Kevin Tan - It’s really hard to make sense of China’s economy at times. On the one hand, Asia’s largest economy has been grappling with an economic slowdown for the past few years after its property sector suffered a historic bust in 2020. China has lowered its GDP growth target to 4.5% to 5% for 2026, do ...
BlackRock EQDP fund makes ‘systematic’ bet on Singapore equities
Kwan Wei Kevin Tan - Investors now have a wide range of options when choosing which Equities Market Development Programme (EQDP) fund manager to entrust with their capital. The Monetary Authority of Singapore (MAS) has so far allocated $3.95 billion of the $6.5 billion fund to nine fund managers. The MAS-appointed asset ...
Uneventful 1Q anchors analysts’ views on Seatrium
Lin Daoyi - Multiple analysts have mostly maintained their confident outlook on offshore and marine giant Seatrium after an uneventful first quarter in which the company did not secure any significant new contract wins, but continued its steady execution of projects and balance sheet strengthening while hunting ...
Resilient platform at Sats inspires higher target price; elevated input costs could cause margin compression
Teo Zheng Long - The global aviation industry is bracing for some turbulence with fuel costs testing the hedging skills of airline executives. However, for ground handler Sats (SGX: S58 ) , having integrated the acquisition of WFS, is revving its growth engine just fine, even if not firing on all cylinders. “The c ...
Broker's Digest: Mapletree Industrial Trust, IHH, Elite UK REIT, Addvalue, Nordic, Valuetronics, UI Boustead REIT
The Edge Singapore - Mapletree Industrial TrustPrice target: DBS Group Research ‘hold’ $2.05 Pending further positive developments
Asian stocks take another hit from AI, Middle East worries
HONG KONG: Asian equities went into reverse on Friday (Jun 5) on continued worries about the artificial intelligence trade after disappointing forecasts from chip titan Broadcom, while investors were also keeping a wary eye on
Tumbling stocks, sinking rupiah: ‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip
His move to take direct control of key commodity exports to curb tax evasion triggered a sell-off in exporter stocks
China speeds past Japan in Australian car imports on EV bonanza
Electric vehicles and hybrids account for almost half of the cars sold in Australia in May
Does NTA mean anything?
Goola Warden - Going by the valuation accorded to Sats and its price performance, net tangible asset (NTA) doesn’t matter since Sats’ share price has risen by about 20% (as at June 3) following the announcement of its FY2026 results on May 25. This is despite Sats’ historic NTA fluctuating around plus or min ...
New US tariff, exemptions will provide growth stimulus for Indonesia, minister says
JAKARTA, June 5 : Indonesia's chief economic minister said on Friday that an additional 10 per cent duty imposed by the United States on the country's exports, along with the exemptions expected for some of its key products, could help to stimulate economic growth.The U.S. Trade Representa ...
Vingroup’s shares surge 1,000% to overtake regional heavyweights including Singtel and JD.com
Vingroup’s blistering rally has made it the biggest company within frontier markets, and one of the most expensive across Asia
Vingroup’s 1,000% surge tests limits of Vietnam’s market boom
The conglomerate is now worth more than any Indonesian company and even surpasses regional heavyweights Singtel and JD.com
