Posts by Swedan Margen
CDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
[SINGAPORE] Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore market in the first quarter of 2025, driven by the launch of its joint venture condominium project, The Orie, in Toa Payoh. Overall, the revenue translates to an increase of 85 per cent in volume…
Read MoreWeRide joins Tencent Cloud to build smart driving services for overseas markets
Published Tue, May 20, 2025 · 07:20 PM [BEIJING] Chinese self-driving startup WeRide said on Tuesday (May 20) that it will partner with Tencent Cloud to promote large-scale robotaxi commercial operations and build smart driving solutions for overseas markets. Under the deal signed on Tuesday, Tencent’s cloud unit “will rely on its global cloud infrastructure…
Read MoreMalaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Published Tue, May 20, 2025 · 07:08 PM [BENGALURU] IHH Healthcare said on Tuesday (May 20) its unit has filed a petition in a Tokyo court to revise damages sought from Japan’s Daiichi Sankyo over its…
Read MorePutin Is Playing with Trump
The master at establishing leverage in negotiations has failed to do so over the president of Russia. Source link
Read MoreGavin Newsom’s Shameless Dodge on the Homeless Crisis
California’s governor tries — and fails — to blame the state’s homelessness epidemic on someone, anyone else. Source link
Read MoreRHB names its S-Reit top picks on softer interest cost pressures, minimal tariff impact
[SINGAPORE] RHB analysts maintained their “overweight” call on Singapore-listed real estate investment trusts (S-Reits) amid “softer interest cost pressures” – particularly for Singapore-centric Reits. This comes as most S-Reits under RHB’s coverage report lower overall interest costs, as “sharp falls” in domestic rates have benefited interest costs, said RHB analyst Vijay Natarajan in a Tuesday…
Read MoreHong Kong dollar funding cost drops in FX intervention aftermath
Hibor extended its drop as it fell below 1% on Tuesday (May 20) for the first time since 2022 Published Tue, May 20, 2025 · 03:23 PM [HONG KONG] Hong Kong’s key interbank borrowing cost slumped following foreign-exchange intervention by the city’s authorities, fuelling bearish bets against the local dollar. The one-month Hong Kong interbank…
Read MoreJapan’s Honda to scale back on electric vehicles, concentrate on hybrids
The company says it expects to sell 2.2 million to 2.3 million hybrid vehicles by 2030 Published Tue, May 20, 2025 · 02:17 PM [TOKYO] Honda Motor said on Tuesday (May 20) that it was scaling back its investment in electric vehicles (EVs) given slowing demand and would be focusing on capturing growing demand for…
Read MoreJapan mulls taxing small parcels as Shein, Temu expand
Published Tue, May 20, 2025 · 01:02 PM [TOKYO] Japan is mulling a review of tax exemptions for small parcels including those shipped from China, joining a slew of governments stepping up scrutiny over a duty-free channel used by Shein and PDD Holdings’ Temu. A government tax experts group last week discussed problems related to…
Read MoreChina EV battery giant CATL’s Hong Kong IPO positive for mainland listings: Morningstar
[SINGAPORE] Chinese electric vehicle battery maker Contemporary Amperex Technology Company Limited (CATL) seemed poised for a winning start in its Hong Kong IPO (initial public offering) on Tuesday (May 20). In the world’s largest listing this year, CATL shares jumped in its Hong Kong trading debut, raising HK$35.7 billion (S$5.9 billion) despite being blacklisted by…
Read MoreCATL’s strong Hong Kong debut boosts outlook for Chinese companies’ fundraising
[HONG KONG] Shares in CATL closed 16 per cent higher on their Hong Kong debut on Tuesday (May 20) after the Chinese electric vehicle battery giant raised US$4.6 billion in the world’s largest listing this year, boosting prospects for equity sales by Chinese companies. CATL’s strong debut came despite heightened market uncertainty, a Chinese economic…
Read MoreChina’s central bank cuts two key rates to historic lows
[BEIJING] China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid see-saw trade tensions with the US. Beijing and Washington have been locked in a bruising trade war, but last week agreed to slash sweeping tariffs on each other’s goods for 90…
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