Culture
Manulife US Reit gets nod to extend asset disposal deadline to Dec 31
[SINGAPORE] The manager of United States office real estate investment trust (Reit) Manulife US Reit (MUST) on Friday (May 23) announced it has received approval from lenders to extend...
STI inches up on Friday, tracking regional indices
[SINGAPORE] The Straits Times Index (STI) edged up on Friday (May 23), tracking regional indices.
The STI closed up 0.1 per cent or 2.33 points at 3,882.42.Across the broader...
Eco-Shop jumps on debut, minting a new Malaysian billionaire
[KUALA LUMPUR] Shares of discount-chain Eco-Shop Marketing gained on their debut on Friday (May 23) as Malaysia’s biggest initial public offering of the year created a billionaire.The stock jumped...
Cyclical, structural factors can affect current advantage of US dollar assets although outlook is stable for now: MAS chief
[SINGAPORE] The outlook for the structural advantage of US dollar assets looks to be relatively stable at present, said Monetary Authority of Singapore (MAS) chief Chia Der Jiun at...
RedBird Capital agrees to a £500 million deal to buy UK’s Telegraph newspaper
The current government’s decision to allow foreign state-owned investors to own up to 15% of British newspaper publishers helped unlock a dealPublished Fri, May 23, 2025 · 05:06 PM[LONDON]...
Morgan Stanley says Singapore market is a ‘safe haven’, raises price target for this sector
[SINGAPORE] Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per...
OnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
[LOS ANGELES] OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion, three sources familiar with...
Yangzijiang Shipbuilding down 6.1% amid steep fall in Q1 order wins
The shipbuilder’s Q1 order wins make up just 5% of its US$6 billion target for FY2025 [SINGAPORE] Shares of Chinese vesselmaker Yangzijiang Shibuilding fell on Friday (May 23) as...
Japan pledges immediate rice relief for consumers to prevent shift to foreign brands
[TOKYO] Japan’s new agriculture minister pledged on Friday to quickly move rice from government stockpiles to store shelves where they would be offered at prices significantly lower than current...
Analysts bullish on BYD as it overtakes Tesla
[SINGAPORE] Analysts are getting bullish on BYD as the Chinese automaker’s soaring exports, rising global presence and cost competitiveness signal favourable tailwinds. In a May 16 research note, UOB Kay...
