Irregular Payments Occurred During Former Group Financial Controller’s Stint: Vin’s Holdings
Vin’s Holdings disclosed that four irregular payments totalling S$44,300 (approximately $33,000) were made to an entity linked to a former group financial controller, Koit Ven Jee, between October 2025 and March 2026. The payments occurred during Jee’s tenure, which ended on April 15, 2026, prompting the board to tighten vendor‑payment controls and place the finance team leader under direct CEO oversight. An internal audit is slated for completion by May 15, with remediation measures to be fully implemented by June 1. The announcement sent the stock down 1.9% to S$0.255.
Mastercard Profit Climbs on Steady Transaction Volumes
Mastercard posted a strong first‑quarter performance, with net income rising to $3.9 billion, an 18 percent increase year‑over‑year, and net revenue climbing 16 percent to $8.4 billion. Gross dollar volume grew 7 percent, reflecting steady transaction flow despite macro‑economic uncertainty from the Iran conflict and...
Prices of Nvidia’s B300 Server at 7 Million Yuan in China on US Curbs: Sources
Strong demand for AI compute in China has pushed Nvidia's B300 server price to about ¥7 million (≈$980,000), nearly double the 2025 level. The surge follows tighter U.S. export restrictions and a crackdown on grey‑market smuggling, creating a scarcity premium. Chinese...
Parkway Life Reit Q1 DPU up 15.1% at S$0.0442 on Higher Singapore Hospital Rents
Parkway Life REIT posted a 15.1% jump in Q1 distribution per unit to S$0.0442 (≈$0.033), driven by higher Singapore hospital rents after the end of three‑year rent rebates and a new rent‑review formula. Distributable income rose to S$28.8 million (≈$21.3 million) while...
PSA Wins Bid for Investment in Xiamen Port
PSA International, the Temasek‑owned Singapore port operator, won a public bidding round to acquire an undisclosed stake in Xiamen Container Terminal Group (XCTG). The investment adds to PSA’s existing presence in Fujian province, complementing its Fuzhou venture, and includes a...
Singapore’s Gold Demand Jumps Record 42% in Q1 Amid Geopolitical Risks, Volatile Prices
Investor demand for physical gold in Singapore surged 42% year‑on‑year to 3.5 tonnes in Q1 2026, the highest on record. Global bar and coin demand also rose 42% to 473.6 tonnes, while Asian‑listed gold ETFs added 84 tonnes, outpacing other regions. Prices peaked near...
UBS Beats Profit Expectations on Market Volatility
UBS reported first‑quarter net profit of US$3 billion, an 80% year‑on‑year rise that topped the US$2.3 billion consensus. The surge was driven by record trading revenue and a 27% jump in investment‑banking earnings. Global wealth management added US$37 billion of net new assets,...
SP Mobility, ComfortDelGro Engie Bag Contracts to Deploy EV Fast-Charging Hubs in HDB Towns
Singapore’s Land Transport Authority subsidiary EVe awarded contracts to SP Mobility and ComfortDelGro Engie to install eight electric‑vehicle fast‑charging hubs across HDB towns. Each site will host six to eight 50 kW fast chargers, with one location also offering three 7.4 kW...
Intel US$6.5 Billion Bond Sale Signals Investor Hope in Turnaround
Intel raised $6.5 bn in a new bond offering that attracted roughly $50 bn of investor orders, the strongest demand seen this year. The proceeds will be used to repurchase a 49% stake in its Fab 34 joint venture in Ireland, a move...
CapitaLand Ascendas Reit’s Portfolio Occupancy Dips to 90.5% in Q1; Rental Reversion Slows
CapitaLand Ascendas REIT’s overall occupancy slipped to 90.5% in Q1, down 0.4 percentage points from the previous quarter. The decline was led by Australia, where occupancy fell to 93% after a major logistics lease expired, while Singapore’s rate edged lower...
Straits Trading Aims to Address an Underserved Market for Seniors: Life Before Assisted Care
Straits Trading, a 138‑year‑old Singapore‑listed firm with roughly $1.5 billion in property assets, is entering the senior‑living market with a new venture called The Silver Movement. The initiative targets adults 55 and older, offering learning programs, travel experiences, lifestyle services, and...
JEP, XMH Chairs up Stakes; AGT Becomes OKP Substantial Shareholder
Institutional investors sold a net S$631 million ($467 m) of Singapore equities between April 17‑23, pushing the first‑half outflow to S$1.03 billion ($762 m). JEP’s CEO Andy Luong and XMH’s chairman Tan Tin Yeow each increased their personal stakes, while AGT Global Growth Fund expanded its holding...
US Imposes Sanctions on Chinese ‘Teapot’ Refinery for Buying Iranian Oil
The U.S. Treasury sanctioned Hengli Petrochemical (Dalian) Refinery, a Chinese "teapot" plant, for buying billions of dollars worth of Iranian oil. The move also targeted roughly 40 vessels and shipping firms linked to Iran’s shadow fleet. China, which accounts for...
Stellantis to Make Peugeot Cars in China with Partner Dongfeng
Stellantis announced that it will resume Peugeot production in China through a revived joint venture with Dongfeng Motor, using the Wuhan plant to build a new line of large sedans and SUVs. The two concept vehicles were unveiled at the...
IFast Says It’s Not a Key Beneficiary of Crisis-Driven Inflows, Flags Risk From Middle East Tensions
Fintech platform iFast reported a 47.3% jump in Q1 net profit to S$28 million (≈$21 million) but said it has not captured the crisis‑driven inflows that have boosted Singapore, Hong Kong and London markets. The company reaffirmed its three‑year plan to lift assets...