Japan renews FX warning, ready for 'decisive action' with US coordination
TOKYO: Japanese Finance Minister Satsuki Katayama renewed warnings of currency intervention on Friday (Apr 24), stressing "decisive action" in close coordination with the United States as the yen hovered near the psychologically important 160-per-dollar line."We have been seeing specu ...
Lebanon-Israel ceasefire extended by 3 weeks after White House Oval Office meeting
Israel said on Apr 23 that it killed two armed individuals in southern Lebanon
Why the Gulf war will spur a new wave of clean energy investment
Jennifer Boscardin-Ching - The Iran war and escalating tensions across the Middle East have once again exposed how fragile a fossil fuel-centric global energy system can be, with market turmoil echoing the shock that followed Russia’s invasion of Ukraine in 2022. For governments and businesses, the lesson is familiar: relyi ...
Oiltek-inspired interest in Koh Brothers persists
Teo Zheng Long - Both Koh Brothers Group (SGX: K75 ) (KBG) and Koh Brothers Eco (SGX: 5HV ) (KBE) have seen share prices and trading volumes spike in recent weeks, as the valuation gap between them and their subsidiary, Oiltek International (SGX: HQU ) (Oiltek), has finally attracted investor attention. Oiltek, whic ...
Elite UK REIT reports 9.8% y-o-y rise in distributable income for 1QFY2026
Teo Zheng Long - Elite UK REIT (SGX: MXNU ) has reported distributable income of £5.3 million, up 9.8% y-o-y, driven by interest savings, contributions from three properties acquired in last June, and reduced holding costs as a result of divestments of vacant assets and the repositioning of Lindsay House, Dundee in ...
DFI’s FY2026 off to ‘strong start’; ‘disciplined’ approach to potential supermarket merger
The Edge Singapore - Chee Zheng Feng of DBS Group Research has reservations about the reported combination of Jardine and CK Hutchison’s respective Hong Kong-based supermarket chains proceeding, given the wide disparity in valuation implied by the former’s capital parameters and the latter’s most recently floated ...
Dollar set for weekly gain on stalled US-Iran talks and Middle East uncertainty
TOKYO, April 24 : The dollar was on track for its first weekly gain in three weeks on Friday, as stalled peace negotiations between the U.S. and Iran dampened hopes for an immediate easing of Middle East tensions.While Lebanon and Israel extended their ceasefire for three weeks ahead of its expirati ...
BYD’s car discounts show China’s EV price war is getting worse
Its CEO wrote in an annual letter to shareholders that China’s car industry has entered a “brutal knockout stage.”
Exit concerns persist as South-east Asia PE investors prioritise strong management teams: Bain
Benjamin Cher - Macroeconomic softness is cited as the key reason for the challenging exit environment, says the consultancy
Broker's Digest: Info-Tech Systems, UMS Integration, Beng Kuang, HRnetGroup, Centurion, Hong Leong Asia, Nam Cheong
The Edge Singapore - Info-Tech SystemsPrice target: RHB Bank Singapore ‘buy’ $1.40
SpaceX would get enhanced protection from Texas laws, filing says
NEW YORK, April 23 : Elon Musk's SpaceX will count on the enhanced protection of Texas law to potentially fend off any hostile bidder or activist investor pushing for changes at the company, according to a regulatory filing seen by Reuters.SpaceX is preparing for what could be the largest initi ...
FCT reports higher 1HFY2026 DPU of 6.136 cents
The Edge Singapore - Frasers Centrepoint Trust has reported DPU of 6.136 cents for its 1HFY2026, up 1.4% y-o-y. Net property income was up 20.2% in the same period to $160.76 million, on the back of a similar gain in revenue to $221.87 million, due mainly to contribution from Northpoint City South Wing, acquired in last ...
Private home prices rise 0.9% in Q1, setting stage for steady 2026
Ry-Anne Lim - Prices accelerate from 0.6% growth in the previous quarter even as sales volume dips
Private home price growth picks up to 0.9% in Q1, more than previously estimated: URA
Ry-Anne Lim - Prices accelerate from 0.6% growth in the previous quarter even as sales volume dips
Ascott rebuilds systems for a booking model driven by AI agent
Nurdianah Md Nur - Ascott is overhauling its technology infrastructure to prepare for a future in which artificial intelligence (AI) agents make most travel decisions. The CapitaLand Investment unit says it is working with Accenture, Amadeus and EHL Hospitality Business School to rebuild how its core systems connect, ...
Median resale prices hit S$1 million for 4-room HDB flats in two towns in Q1 despite overall dip
Chong Xin Wei - Transaction volumes of resale flats rise 19.6% in Q1 to 6,285 units, from 5,256 units in the previous quarter
Cisco shows switch that can connect quantum computers of different kinds
SAN FRANCISCO, April 23 : Cisco Systems on Thursday showed a switching chip that it says will be able to connect quantum computers of different types, another step in its effort to eventually connect an internet of quantum machines the way its gear connects the existing internet.Like other major tec ...
Stocks to watch: ST Engineering, CICT, CLI, Suntec Reit, Sheng Siong, FCT, iFast
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 24):
Stocks to watch: ST Engineering, CICT, CLI, Suntec Reit, Sheng Siong, Frasers Centerpoint Trust, Clint
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 24):
Interest rates will continue to be a key driver of total returns for S-REITs
The Edge Singapore - The maturity of Singapore’s S-REIT sector is evidenced by its yields and price-to-net-asset-value (P/NAV) ratios. Inevitably, investors, particularly global investors, prefer Singapore portfolios. REITs with mainly Singapore portfolios tend to trade at a premium. CapitaLand Integrated Commercial T ...
Meta plans 10% layoffs as AI spending soars: Source
Meta will lay off about 8,000 employees and leave thousands of other positions unfilled next month, the source said.
ESR-Reit reports 2.3% dip in Q1 NPI to S$80.6 million
Deon Loke - Total distributable income rises 1.4% year on year to S$44.8 million
Strike vote at major Australian LNG plant set to close
PERTH/TOKYO, April 24 : A vote on whether workers strike at Inpex’s Ichthys liquefied natural gas facility in Australia over pay and conditions will close later on Friday, after an employment agreement offered by the Japanese gas giant was refused last week. A strike at the 9.3 million metric-ton- ...
Capex, depreciation could rise as data centres focus on AI
Goola Warden - Data centres in REITs pose a conundrum for investors. These buildings form a major part of the value chain for artificial intelligence (AI); they also house the cloud, which powers much of our digital life, including social media, banking and financial services, and e-commerce. On the other hand, th ...
Frasers Centrepoint Trust’s H1 DPU rises 1.4%to S$0.06136
Therese Soh - Distribution to unitholders for the period up 13.6% at S$125 million
American CEOs in their 60s are the new norm, with companies picking older bosses
With more years of experience making hard calls, older executives might be better able to seize the opportunities
CapitaLand Integrated Commercial Trust posts 7.9% rise in Q1 NPI to S$314.4 million
Deon Loke - Revenue for the quarter up 8% at S$426.7 million
CICT’s Q1 NPI up 7.9% to S$314 million; trust unveils S$160 million revamp of Plaza Singapura, The Atrium@Orchard
Deon Loke - Revenue for the quarter improves 8% at S$426.7 million
CICT’s Q1 NPI up 7.9% to S$314 million; Reit unveils S$160 million revamp of Plaza Singapura, The Atrium@Orchard
Deon Loke - Revenue for the quarter improves 8% at S$426.7 million
CapitaLand India Trust Q1 net property income up 8% at 3.8 billion rupees
Therese Soh - This comes amid sustained performance of existing properties, contributions from new developments
CapitaLand India Trust Q1 total property income up 3% at 4.9 billion rupees
Therese Soh - This comes amid sustained performance of existing properties, contributions from new developments
Challenges and opportunities facing S-REITs in their third decade, according to REITAS
The Edge Singapore - The REIT Association of Singapore (REITAS) represents the S-REIT sector and focuses on promoting the growth and development of the S-REIT industry. In addition to consulting with regulators and policymakers on issues affecting S-REITs, REITAS organises talks, courses, investor conferences and retail ...
Musk sounds cautious tone on robotaxis amid slower-than-expected rollout
Tesla shares were down more than 3 per cent in afternoon trading on Thursday
Japan's core inflation stays below central bank target
TOKYO, April 24 : Japan's core consumer inflation slowed below the central bank's 2 per cent target for a second straight month in March, data showed on Friday, as government fuel subsidies offset price pressures from the Iran war-induced energy shock.Analysts expect inflation to accelerat ...
