Investors responded positively to the bond sales news
China will start selling the first batch of its 1 trillion yuan ($190 billion; US$138 billion) of ultra-long special sovereign bonds this week, as officials ramp up efforts to support the world’s No. 2 economy.
The central government will begin a flurry of such sales this year by issuing 40 billion yuan of 30-year bonds Friday, according to a notice by the Ministry of Finance....
China will start selling the first batch of its 1 trillion yuan ($190 billion; US$138 billion) of ultra-long special sovereign bonds this week, as officials ramp up efforts to support the world’s No. 2 economy.
The central government will begin a flurry of such sales this year by issuing 40 billion yuan of 30-year bonds Friday, according to a notice by the Ministry of Finance....
The company plans to maintain its interim dividend at 0.15 baht per share.
Thai Beverage has reported revenue of 71.6 billion baht for its 2QFY2024, up 6.3% y-o-y. However, earnings in the same period ended March dropped 4.9% to 6.99 billion baht.
This brings 1HFY2024 earnings to 15.2 billion baht, down 5.6% over the year-earlier period. Revenue, meanwhile, was down 0.4% to 147 billion baht.
The company maintains that turnover held ste...
Thai Beverage has reported revenue of 71.6 billion baht for its 2QFY2024, up 6.3% y-o-y. However, earnings in the same period ended March dropped 4.9% to 6.99 billion baht.
This brings 1HFY2024 earnings to 15.2 billion baht, down 5.6% over the year-earlier period. Revenue, meanwhile, was down 0.4% to 147 billion baht.
The company maintains that turnover held ste...
ESR Group receives offer from Consortium including Starwood
A filing on the Hong Kong Exchange by ESR Group on May 13 says that on April 25 the Company received a non-binding and conditional proposal from a consortium of investors comprising Starwood Capital Operations, Sixth Street Partners, and SSW Partners LP (on behalf of itself and its affiliated funds and entities), in relation to a possible privatisation of the Com...
A filing on the Hong Kong Exchange by ESR Group on May 13 says that on April 25 the Company received a non-binding and conditional proposal from a consortium of investors comprising Starwood Capital Operations, Sixth Street Partners, and SSW Partners LP (on behalf of itself and its affiliated funds and entities), in relation to a possible privatisation of the Com...
Higher taxes and late arrival of new models hurt sales
Luxury car distributor EuroSports Global expects to report both lower revenue and higher losses for FY2024 ended March.
As flagged when it reported its 1HFY2024 ended Sept, higher car taxes for higher-end cars announced in the Singapore Budget for 2023 had dampened the demand for higher-end cars.
In addition, the late arrival of two Lamborghini models, which it distributes, a...
Luxury car distributor EuroSports Global expects to report both lower revenue and higher losses for FY2024 ended March.
As flagged when it reported its 1HFY2024 ended Sept, higher car taxes for higher-end cars announced in the Singapore Budget for 2023 had dampened the demand for higher-end cars.
In addition, the late arrival of two Lamborghini models, which it distributes, a...
The first of three planned studies analysed nature-related strategies from 700 listed companies across 11 industries.
Luxury group Kering has announced a three-year research collaboration with the Centre of Governance and Sustainability (CGS) at the National University of Singapore (NUS) Business School.
Together, they will develop a first-of-its-kind baseline for measuring the impact of climate and nature-re...
Luxury group Kering has announced a three-year research collaboration with the Centre of Governance and Sustainability (CGS) at the National University of Singapore (NUS) Business School.
Together, they will develop a first-of-its-kind baseline for measuring the impact of climate and nature-re...
Gan will be MAS’s chairman from May 15 to May 31, 2026.
Minister for Trade and Industry Gan Kim Yong will be appointed as the chairman of the Monetary Authority of Singapore’s (MAS) board of directors.
Gan will be MAS’s chairman from May 15 to May 31, 2026.
Gan has been its deputy chairman since July 8, 2023. He will replace deputy prime minister (DPM) and Minister for Finance, Lawrence Wong.
Wong will relinquish his positions as chairman and a member o...
Minister for Trade and Industry Gan Kim Yong will be appointed as the chairman of the Monetary Authority of Singapore’s (MAS) board of directors.
Gan will be MAS’s chairman from May 15 to May 31, 2026.
Gan has been its deputy chairman since July 8, 2023. He will replace deputy prime minister (DPM) and Minister for Finance, Lawrence Wong.
Wong will relinquish his positions as chairman and a member o...
With the easing of inflation and electricity costs, SBS Transit expects cost increases to moderate
SBS Transit has reported profit after tax of $17 million for 1QFY2024, up 7.5% y-o-y. Revenue in the same period was up 6.6% y-o-y to $392.1 million, according to the transport operator in its business update for the three months ended March.
SBS Transit attributes the higher revenue to higher average fare and ridership.
The...
SBS Transit has reported profit after tax of $17 million for 1QFY2024, up 7.5% y-o-y. Revenue in the same period was up 6.6% y-o-y to $392.1 million, according to the transport operator in its business update for the three months ended March.
SBS Transit attributes the higher revenue to higher average fare and ridership.
The...
SoftBank's attempts to leverage Arm technology and investing in AI services could be well-received by the market
SoftBank Group Corp laid out plans to get more aggressive in artificial intelligence and other fields, after reporting a second quarter of profit and a surge in the value of assets, including Arm Holdings Plc.
The Tokyo-based company earned a better-than-expected net income in the March quarter, helped by investment gain...
SoftBank Group Corp laid out plans to get more aggressive in artificial intelligence and other fields, after reporting a second quarter of profit and a surge in the value of assets, including Arm Holdings Plc.
The Tokyo-based company earned a better-than-expected net income in the March quarter, helped by investment gain...
Deliberations are preliminary and may not lead to a buyout
A consortium led by investors including Starwood Capital Group is considering a buyout of Asian warehouse developer ESR Group Ltd., according to people familiar with the situation.
The group is talking with minority shareholders to gauge interest for a potential take-private deal, the people said, asking not to be identified discussing confidential information. Some investo...
A consortium led by investors including Starwood Capital Group is considering a buyout of Asian warehouse developer ESR Group Ltd., according to people familiar with the situation.
The group is talking with minority shareholders to gauge interest for a potential take-private deal, the people said, asking not to be identified discussing confidential information. Some investo...
ColumnsHow inter-market analysis and market volatility can help traders increase their odds of success
IG Asia’s market analyst says that risk management and protecting capital is key for traders to play the long game in investing.
A successful trader in the financial markets has a combination of skill, discipline, and a deep understanding of market dynamics. Professional traders often keep to a set of rules to navigate the complexities of the market and maximise their chances of success.
These include...
A successful trader in the financial markets has a combination of skill, discipline, and a deep understanding of market dynamics. Professional traders often keep to a set of rules to navigate the complexities of the market and maximise their chances of success.
These include...