Singapore Reits need more support in wake of Paragon Reit’s proposed privatisation

Singapore Reits need more support in wake of Paragon Reit’s proposed privatisation

Privatisations make sense when trusts have poor liquidity and face constraints in upgrading assets IF INTEREST rates do not fall much further, equity fund-raising in the Singapore-listed real estate investment trusts (Reit) space could be muted. Reits are sensitive to interest rates as higher borrowing costs affect distributions by Reits, and yield-driven investors flock to…

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Former Jets quarterback Bill Demory dead at 74

Former Jets quarterback Bill Demory dead at 74

A Jets quarterback who filled in when Joe Namath went down with an injury died earlier this month. Bill Demory, 74, passed away on Feb. 14 from prostate cancer and Parkinson’s, according to an online obituary.  He was signed by the Jets in 1973 after playing his college ball at Arizona, where he threw 28…

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Trump U-turn on NYC’s congestion pricing programme could dampen ST Engineering sentiment, but limited impact expected

Trump U-turn on NYC’s congestion pricing programme could dampen ST Engineering sentiment, but limited impact expected

THE Trump administration reversed federal approval for New York City’s congestion pricing programme on Feb 19. Even though ST Engineering’s subsidiary in the US, TransCore, runs the contract, analysts are forecasting just a slight dampening of investor sentiment with minimal direct impact on the stock. DBS Group Research noted that TransCore has already completed the…

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Vietnam adds to global steel turmoil with tariffs hitting China

Vietnam adds to global steel turmoil with tariffs hitting China

Outside China itself, Vietnam is the biggest single buyer of Chinese steel, and hot-rolled coil is a major export product VIETNAM will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer. The South-east Asian nation will impose temporary tariffs on…

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Musk’s Starlink races with Chinese rivals to dominate satellite internet

Musk’s Starlink races with Chinese rivals to dominate satellite internet

SPACE is about to get more crowded for Elon Musk. The billionaire’s Starlink communications network is facing increasingly stiff challenges to its dominance of high-speed satellite internet, including from a Chinese state-backed rival and another service financed by Amazon.com founder Jeff Bezos. Shanghai-based SpaceSail in November signed an agreement to enter Brazil and announced it…

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Cloud Hosting: What Your IT Guy Won’t Tell You

Cloud Hosting: What Your IT Guy Won’t Tell You

Cloud hosting is everywhere these days, and it’s often marketed as the ultimate solution for businesses. But is it the silver bullet it claims to be? While it offers undeniable advantages, there are some things your IT guy might not be telling you. Whether it’s about hidden costs, potential security risks, or even their own…

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MSNBC chief tells blindsided staffers of canceled Joy Reid show they’ll be laid off, but can apply to new jobs at network: report

MSNBC chief tells blindsided staffers of canceled Joy Reid show they’ll be laid off, but can apply to new jobs at network: report

MSNBC’s president suggested Sunday that blindsided staffers of liberal host Joy Reid’s canceled show can apply for other jobs within the liberal network as she confirmed the group of employees would be canned, according to a report. The revelation from MSNBC president Rebecca Kutler came during a contentious virtual meeting with “ReidOut” staff in which…

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