Latest news with #MarkToMarket
Business Times
30-06-2025
- Business
- Business Times
BT Mark to Market: Independent Financial Advisors —The Gatekeepers of Singapore's Corporate Takeover
Dive into this week's episode of the 'Mark To Market' podcast for an in-depth analysis of the pivotal role independent financial advisors (IFAs) play in corporate Singapore. Discover why their work is both crucial and often criticised. Learn about recent high-profile delistings and the outcomes that hinged on IFA evaluations. Join Ben Paul, a senior correspondent at The Business Times, as he delves into the contentious world of exit offers and delistings under Singapore Exchange (SGX) Listing Rules. This episode promises to offer insightful commentary on why IFAs hold a critical position in determining the fairness and reasonableness of these offers. Find out how these gatekeepers protect minority shareholders and the ramifications of their opinions. Great Eastern's Extraordinary General Meeting Slated for July 8, this crucial event will decide whether the insurer goes private with OCBC's exit offer or resumes trading. Learn about the two key conditions that an exit offer must meet to be deemed acceptable, and how IFAs influence these deals. Delve into past instances where IFA recommendations, such as those for Great Eastern and Boustead Projects, led to improved terms for minority investors and the ensuing market reactions. Major Shareholders vs Minorities BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Understand the inherent tension in take-private offers and why IFAs often find themselves in the crossfire. Get acquainted with the guidelines that stress the need for IFAs to maintain objectivity and transparency in their evaluations. This episode of 'Mark To Market' is a must-listen for anyone interested in corporate governance, market regulations, and investor protection in Singapore. Whether you're a market watcher, a minority shareholder, or simply intrigued by the dynamics of corporate takeovers, Paul's expert analysis will leave you with a clearer understanding of these complex processes. Listen now to the full episode and stay ahead of market trends and corporate developments with Ben Paul. 'Mark to Market' is a podcast of BT Correspondents. Look out for the next episode featuring wealth editor, Genevieve Cua. And if you have any thoughts or questions, feel free to reach out to us at btpodcasts@ Written and hosted by: Ben Paul (benpaul@ Edited by: Howie Lim & Claressa Monteiro Produced by: Ben Paul, Howie Lim & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Correspondents: Channel: Amazon: Apple Podcasts: Spotify: YouTube Music: Website: Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: BT Podcasts: BT Market Focus: BT Branded Podcasts: BT Lens On:
Business Times
05-05-2025
- Business
- Business Times
BT Mark to Market: Navigating the impact of Trump's tariff tactics
In the latest podcast episode of Mark To Market by The Business Times, host Ben Paul, provides an in-depth analysis of the impact of US President Donald Trump's 'Liberation Day' and his administration's trade policies on global markets. Walking investors through recent market turmoil, he offers insights on the future economic landscape. 'Liberation Day' Trump style Paul reflected on President Trump's 'Liberation Day', celebrated on April 2, 2025, as a day marking the rebirth of American industry. However, the imposition of sweeping reciprocal tariffs has triggered significant market volatility. The S&P 500 plummeted over 12 per cent within four days, while US Treasury bonds experienced unnerving fluctuations. Paul shares his analysis of the 90-day pause on individualised reciprocal tariffs that Trump announced after markets reacted negatively, especially targeting countries like Japan, Indonesia, and Vietnam. Broader implications BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up With the 10-year US Treasury bond yields falling below 4.2 per cent, and the S&P 500 rebounding by nearly 11 per cent from its post-'Liberation Day' low, the podcast delves into the potential demand and supply shocks resulting from the new tariffs. Paul posits that US consumers are likely to face the highest average effective tariff rates since the 1900s, threatening economic stability. Trade-dependent Asian economies are also at risk of a demand shock, leading to deflationary pressures and decreased corporate profitability. Inflation uncertainty Uncertainty looms over how Trump's tariffs will affect the US and global economies. Paul highlights concerns about potential stagflation, the risk of surging prices, and empty shelves in stores like Walmart and Target. Paul assesses Trump's urging of the Federal Reserve to cut rates has complicated the policy landscape, causing concerns about the Fed's independence and the long-term confidence in America's economic stability. Analysing the geopolitical angle, Paul addresses Trump's attempt to reset America's trade policy; he also highlights Trump's worldview, which casts America as a victim, and his personal branding as the nation's saviour are driving these drastic measures. Sustainability of policy Paul suggests that while Trump identified real systemic issues, his reciprocal tariffs are not a viable solution as they create more economic uncertainty and weakens market confidence despite his attempts to negotiate favourable deals. Paul provides a comparative performance analysis, noting that US markets have underperformed compared to international markets. He then takes a look at other economics for this, mentioning many companies. He also looks at how European markets have attracted international capital due to expansionary fiscal policies and lower stock valuations. For instance, the Hang Seng China Enterprises Index outperformed, benefiting from China's economic strategies. The way forward Paul provides his perspective, expressing caution and shares his investment preference given current market conditions. He emphasises that older investors, especially those over 50, should mitigate risk due to a shorter time horizon for recovery. Listen now for opportunities that may arise in response to shifting global trade dynamics and gain a deeper understanding of the current tariff landscape. Mark to Market is a podcast of BT Correspondents. Look out for the next episode featuring wealth editor, Genevieve Cua. And if you have any thoughts or questions, feel free to reach out to us at btpodcasts@ Written and hosted by: Ben Paul (benpaul@ Edited by: Howie Lim & Claressa Monteiro Produced by: Ben Paul, Howie Lim & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Correspondents: Channel: Amazon: Apple Podcasts: Spotify: YouTube Music: Website: Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: BT Podcasts: BT Market Focus: BT Branded Podcasts: BT Lens On:
