Posts by Swedan Margen
FCT to draw on additional debt financing to fund Northpoint City acquisition
[SINGAPORE] The acquisition of Northpoint City’s south wing may be financed either with or without the issuance of perpetual securities, said the manager of Frasers Centrepoint Trust (FCT) in a bourse filing on Saturday (May 17). Proceeds from FCT’s recent equity fundraising have been used to repay its existing debt. The trust will also draw…
Read MoreKenny Smith Isn’t Going Fishing Yet
Last July, the National Basketball Association announced a new eleven-year media-rights agreement with Amazon, NBC, and ESPN, set to take effect at the start of next season. Notably left out of the seventy-six-billion-dollar deal was Warner Bros. Discovery, the owner of TNT, which has held league-broadcasting rights since the late nineteen-eighties. The news alarmed many…
Read MoreWanted: C-suiters and specialists to serve ultra-rich as they pivot to alternative assets
[SINGAPORE] As demand for alternative assets is heating up in Singapore, so too is the need to hire more staff versed in the field. Leading recruitment agencies saw more openings for such roles in the first quarter of 2025, with Robert Walters and Randstad reporting a year-on-year increase of nearly 20 per cent in the…
Read MoreVideo: Inside a Plan to Shut Down Pro-Palestinian Activism
What is Project Esther? Katie J.M. Baker, a national investigative correspondent for The New York Times, explores the Heritage Foundation’s plan to shut down pro-Palestinian activism, as well as actions taken by the Trump administration that appear to mirror its goals. Source link
Read MoreGXS’ acquisition of Validus’ Singapore business a sign of market validation
[SINGAPORE] The recent acquisition of small and medium enterprise (SME) lender Validus’ Singapore business is a sign of market consolidation and validation in South-east Asia. To recap, GXS Bank acquired Validus’ Singapore business on Apr 14 for an undisclosed amount. This expands the digital bank’s SME offerings to include Validus’ trade financing and working capital…
Read MoreIncome’s financial advisory arm wants to capture demand for alternative investments
[SINGAPORE] Amid growing demand for private market and alternative investment products in Singapore, financial advisers are increasing efforts to offer products in addition to the traditional insurance and investment products. Income Insurance’s independent financial advisory arm, Income Advisory Financial Advisers (Iafa), is one such example. Studies show that the demand for alternative investments is projected…
Read MoreDirectors in developers and maritime stocks elevating interests
OVER the four trading sessions from May 9 to 15, institutions were net sellers of Singapore stocks, with net institutional outflow of S$55 million, partially reversing the net inflow of S$123 million for the preceding five sessions. This brings the net institutional outflow for the 2025 year to May 15 to S$1.66 billion. Institutional flows…
Read MoreMexican Navy Tall Ship Carrying 227 Cadets Crashes into Brooklyn Bridge Causing Masts to Plummet Onto the Deck as 19 Are Injured [VIDEOS]
![Mexican Navy Tall Ship Carrying 227 Cadets Crashes into Brooklyn Bridge Causing Masts to Plummet Onto the Deck as 19 Are Injured [VIDEOS]](https://i0.wp.com/data.ibtimes.sg/en/full/81658/mexican-navy-ship.jpg?w=1024&resize=1024,1024&ssl=1 "Mexican Navy Tall Ship Carrying 227 Cadets Crashes into Brooklyn Bridge Causing Masts to Plummet Onto the Deck as 19 Are Injured [VIDEOS]")
A large Mexican Navy tall ship visiting New York on a goodwill mission, with a crew of 227, mostly cadets, crashed into the Brooklyn Bridge late Saturday, causing its towering masts to collapse onto the deck in a horrifying scene that left 19 people injured — with four in critical condition, according to fire officials…
Read MoreBinance, Kraken are said to have been targets of hacks
[PORTLAND] Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack that was recently disclosed by Coinbase Global, according to people familiar with the situation. Both digital-asset platforms were able to fend off the attacks without losing customer data, according to the people, who asked not…
Read MoreHouse Republican suggests raising taxes on top earners to help 'stalled' reconciliation bill
A House Republican who has been a central figure pushing for an increase to the state and local tax deduction caps, known as SALT, said increasing taxes on the nation’s top earners could help move President Trump’s “stalled” megabill. Source link
Read MoreMalia Obama Plagiarized Her Nike Commercial? Indie Filmmaker Natalie Jasmine Harris Claims Obama’s Daughter Copied Scenes from Her Short Film
Malia Obama is facing allegations of plagiarizing an independent filmmaker’s work for her Nike advertisement, which was released earlier this month and marks her directorial debut. However, she is now being slammed. Natalie Jasmine Harris claimed that Malia Obama’s one-minute Nike ad featured scenes that were “shockingly similar” to her 2024 short film Grace. The…
Read MoreTrump: 'Supreme Court must come to the RESCUE OF AMERICA'
President Trump unleashed scathing posts about the Supreme Court, chiding its Friday decision to halt his deportations of alleged illegal gang members to El Salvador. Source link
Read More