Carro aims to treble earnings ahead of potential IPO

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TUE, MAY 6, 2025 Top Stories Carro aims to treble earnings ahead of potential IPO [SINGAPORE] Car marketplace and automotive services platform Carro aims to boost its profitability and will seek a final round of fundraising to help it grow, before seeking an initial public offering (IPO). Why a US-listed video game firm is paying a premium to take Ban Leong private [SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution network. In recent elections, incumbents in Canada, Australia and Singapore had a Trump card [SINGAPORE] US President Donald Trump's tariff policies have polarised America, but in other countries, they may have done something quite different: rallied voters behind their incumbent governments. Ng Chee Meng asks not to be given a government role; addresses photo with Su Haijin, MOE dialogue [SINGAPORE] Labour chief Ng Chee Meng – who will return to Parliament after being elected in the May 3 General Election – has asked Prime Minister Lawrence Wong to not assign him any position in government. Mapletree Pan Asia Commercial Trust should explore merger or sale of Festival Walk to become more Singapore-centric SINGAPORE'S largest mall, VivoCity, with over a million square feet of lettable area, is much loved by shoppers. However, the mall's owner – Mapletree Pan Asia Commercial Trust (MPACT) – receives little affection from investors. Singapore shares end higher on Tuesday ahead of FOMC meeting; STI up 0.2% [SINGAPORE] Stocks on the local bourse ended higher on Tuesday (May 6), ahead of the next US central bank meeting where policymakers are expected to keep interest rates on hold. PODCAST Market Focus Daily: Tuesday, May 6, 2025 US Dollar recovers some losses, Asian stocks gain as traders eye tariff deals; Hong Kong sells record amount of currency to defend exchange peg; Gold hits one-week high on safe-haven demand, Fed decision loom; Why Epicsoft Asia is taking Ban Leong private. Other Good Reads Asean Business Business insights centering on South-east Asia's fast-growing economies. Breakfast Brief All the latest news you need to know to start your day, right in your inbox. Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. MORE NEWSLETTERS FOLLOW US DOWNLOAD THE BT APPS ABOUT US CONTACT US HELP TERMS & CONDITIONS DATA PROTECTION POLICY ADVERTISE WITH US You are receiving this e-mail because you subscribed to the BT Breakfast Brief. We're keeping you updated with our Daily Debrief, which helps you catch up with breaking news you may have missed. If you no longer wish to receive the Daily Debrief, please click the link below to unsubscribe. If you want to unsubscribe from this mailing list,click here.