Posts by Swedan Margen
Thailand to pick rate-cut advocate Vitai Ratanakorn as central bank chief
Thailand is poised to name veteran banker Vitai Ratanakorn as the next governor of the central bank, sources familiar said, selecting an advocate of aggressive interest rate cuts to help revive the nation’s faltering economy. Finance Minister Pichai Chunhavajira picked Vitai, president of the Government Savings Bank (GSB), to run the Bank of Thailand (BOT),…
Read MoreThailand unexpectedly delays naming new central bank chief
[BANGKOK] Thailand’s expected appointment of veteran banker Vitai Ratanakorn as the next central bank governor was delayed by at least a week, a sudden twist in the selection process for the closely-watched position. Vitai, president of the Government Savings Bank, was poised to be nominated by Finance Minister Pichai Chunhavajira for the Cabinet’s confirmation, people…
Read MoreDespite tariffs, it’s still America first for Asia’s legacy automakers
[SEOUL/TOKYO] Toyota and Hyundai Motor may have a beef with US protectionism, but they have one thing in common with US President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported automobiles have upended the outlook for the global industry, yet the US remains…
Read MoreFCT extends Northpoint City South Wing management by a year
The automatic renewal follows the March acquisition of the mall’s South Wing. Published Tue, Jul 15, 2025 · 10:28 AM [SINGAPORE] The manager of Frasers Centrepoint Trust announced on Monday (Jul 14) an automatic 12-month extension of its management of the South Wing of shopping mall Northpoint City. The renewal, which takes effect from Jul…
Read MoreChina’s quant funds boost US recruiting after Trump’s visa curbs
[BEIJING] Chinese quantitative hedge funds are stepping up efforts to hire science and engineering students in the US affected by US President Donald Trump’s university funding cuts and tighter visa policies. Shanghai-based Mingshi Investment Management launched a special program last month to offer full-time jobs to students unable to finish their PhDs due to the…
Read MoreGold holds ground with spotlight on US inflation data
[BENGALURU] Gold inched higher on Tuesday (Jul 15) as traders awaited the release of US inflation data later in the day that could shed more light on the Federal Reserve’s interest rate path. Spot gold was up 0.1 per cent at US$3,348.35 per ounce, as at 0101 GMT. US gold futures were steady at US$3,357.30.…
Read MoreChina Medical System surges 6% at the open with its secondary listing on SGX
[SINGAPORE] Shares of China Medical System (CMS) jumped 6 per cent at market open with its secondary listing made on the mainboard of the Singapore Exchange (SGX) on Tuesday (Jul 15). At 9 am, its shares began trading at 2.06 Chinese yuan (CNY), before increasing to 2.08 CNY by 9.03 am. By 9.05 am, CMS…
Read MoreChina Medical System shares surge 11% with its secondary listing on SGX
[SINGAPORE] Shares of China Medical System (CMS) jumped 6 per cent at the market open with its secondary listing made on the mainboard of the Singapore Exchange (SGX) on Tuesday (Jul 15). At 9 am, its shares traded at S$2.05 at the open, before increasing to S$2.08 by 9.03 am. By 9.05 am, CMS had…
Read MoreTesla’s long-awaited India debut bets on luxury vehicle buyers
[NEW DELHI] Tesla is opening its first India showroom as Elon Musk’s electric-vehicle (EV) maker looks to ply new markets and offset slowing sales where it’s already well established. A 4,000-square-foot space in Mumbai’s posh financial district of Bandra Kurla Complex will open its doors on Tuesday (Jul 15). It will showcase Model Y crossovers…
Read MoreGlobal EV sales jump 24% in June though North American market struggles: research firm
GLOBAL sales of electric and plug-in hybrid vehicles jumped 24 per cent in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research firm Rho Motion said on Tuesday. Still, EV sales in the United States were down 1 per cent in the month and will…
Read MoreJapan leads global long-bond drop as spending takes centre-stage
[LONDON] Yields for long-term debt from Japan and Germany to the UK and France rose on Monday (Jul 14) as growing concern over widening fiscal deficits dented demand. The yield on Japan’s 30-year notes jumped the most in two months and those on similar-maturity German bunds flirted with their loftiest levels in 14 years. For…
Read MoreStocks to watch: SGX, Frasers Centrepoint Trust, NTT DC Reit, BRC Asia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 15): Singapore Exchange (SGX): Shares of Hong Kong-listed pharmaceutical group China Medical System are expected to commence trading on the SGX on Jul 15, although there is no guarantee that the proposed listing will happen as it is…
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