News
What tariffs? DHL banks on burgeoning markets like South-east Asia as it aims for 50% revenue growth by 2030
[SINGAPORE] US tariffs are expected to wreak havoc on global supply chains, but logistics giant DHL is not that worried.DHL’s Strategy 2030 plan, announced in September last year, aims...
CDL’s AGM: Minority support for five IDs seeking re-election a litmus test of governance perceptions
[SINGAPORE] This week, minority shareholders of City Developments (CDL) will finally have the opportunity to endorse, or oppose, the controversial appointments of Jennifer Duong Young and Wong Su-Yen as...
Candy maker YLF cites market souring on US tariffs as reason to withdraw Singapore IPO
Sentiment is ‘badly shaken’ with the current uncertainty, says its chief executiveYLF Group Marketing – the maker of Pikin plum candies – is withdrawing its application for a Singapore...
Institutions net buying, Stephen Riady ups OUE stake
[singapore] Over the four trading sessions from Apr 11 to 16, institutions were net buyers of Singapore stocks, with net institutional inflow of S$217 million. This brings the net...
Bankers get creative to sign M&A deals in Trump’s trade war
[New York] After US President Donald Trump’s tariffs sent global markets sideways, Silicon Valley private equity firm Silver Lake Partners and chipmaker Intel added some new terms to a...
Volkswagen floats making Audis in US to swerve Trump tariffs
[Berlin] Volkswagen could relocate some production of its high-end Audi line to dodge US tariffs on automobiles ordered by US President Donald Trump, the German carmaker’s chief executive said...
Hertz wins over Ackman in a bet tariffs will boost value of cars
[NEW YORK] Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20 per cent stake in Hertz Global in a bet on the rental car company’s turnaround plan...
China’s murky bankruptcies expose hazards for foreign investors
[CHINA] When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill.The retired Apple executive from Albuquerque had invested about US$100,000...
ST Engineering group COO Ravinder Singh to retire; Vertex Holdings’ managing director Mervyn Tan to take his place
[SINGAPORE] After 11 years at ST Engineering, Ravinder Singh, group chief operating officer (technology and innovation) and president for defence and public security (DPS), will retire on May 31....
CDL answers shareholders’ concerns on NAV-share price gap, board cohesion
[SINGAPORE] City Developments Ltd (CDL), which was recently embroiled in a family power struggle, has responded to questions from shareholders, spanning from its share price decline to its responses...
