Posts by Mark Darwin
Sats to invest over S$250 million to upgrade operations, cargo handling infrastructure at Changi Airport
These strategic initiatives will also enhance operational reliability and safety, and optimise turnaround times [SINGAPORE] Catering and ground handling company Sats announced on Thursday (May 15) that it will invest over S$250 million to upgrade its ground operations and cargo handling infrastructure at Changi Airport. These strategic initiatives will enhance operational reliability and safety, optimise…
Read MoreSIA posts 65% rise in net profit to S$2 billion for H2 FY25 on non-cash gain
[SINGAPORE] Singapore Airlines (SIA) posted a 65 per cent surge in net profit to S$2 billion for the second half of FY2025 ended March, boosted by the non-cash accounting gain from the Air India-Vistara merger. In 2024, Vistara was merged with Air India, resulting in SIA holding a 25.1 per cent share in the merged…
Read MoreSGX RegCo consults on regulatory changes to streamline IPO rules
[SINGAPORE] Listed issuers on the Singapore Exchange (SGX) will be expected to take on a more proactive role in providing timely and relevant disclosures, focusing on material information rather than following prescriptive requirements. The change comes as the Singapore Exchange Regulation (SGX RegCo) seeks market feedback on the proposed regulatory changes aimed at transitioning to…
Read MoreUK insurer Aviva reports 9% rise in Q1 general insurance premiums
The company reported £2.9 billion in general insurance premiums for the quarter ended March 31 Published Thu, May 15, 2025 · 02:41 PM [LONDON] Insurer Aviva reported a 9 per cent rise in first-quarter general insurance premiums on Thursday (May 15) on strong growth in both personal and commercial lines in Britain, driven by the…
Read MoreOliver Healthcare Packaging opens largest regional plant in Johor-Singapore SEZ
[ISKANDAR PUTERI] United States-based medical packaging company Oliver Healthcare Packaging on Thursday (May 15) opened its new 120,000 square foot (sq ft) manufacturing facility within the Johor-Singapore Special Economic Zone in Malaysia. The new facility, the largest of Oliver’s plants in the region, will create various roles across quality, engineering, logistics and supply chain, it…
Read MoreUS Justice Department to meet families of 737 MAX victims on Boeing criminal case
Published Thu, May 15, 2025 · 12:41 PM [WASHINGTON] The US Justice Department on Friday plans to meet with the victims of two Boeing 737 MAX crashes that killed 346 people in 2018 and 2019 ahead of a June 23 trial date the planemaker faces, according to a letter reviewed by Reuters. Last month, Boeing CEO Kelly…
Read MoreAsia: Stocks drop as fresh trade news awaited, oil down on Iran hopes
[HONG KONG] Equities stuttered on Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump’s tariff blitz, while oil extended losses on hopes for an Iran nuclear deal. With excitement from the China-US detente running out of legs, the search is on for fresh catalysts…
Read MoreHong Kong investment banking jobs show signs of picking up
[HONG KONG] Hong Kong’s investment banking job market is showing signs of a recovery, with the number of licensed professionals in the financial hub ticking up as initial public offerings have staged a rebound. The improved job landscape for investment bankers – with such jobs rising 0.5 per cent in February from the end of…
Read MoreGold inches higher as investors buy the dip ahead of US data
Published Thu, May 15, 2025 · 09:30 AM [BENGALURU]] Gold prices edged higher on Thursday (May 15) as investors took advantage of lower levels after the metal hit a one-month low in the previous session, while market participants now await US Producer Price Index data for clearer economic direction. Spot gold was up 0.2 per…
Read More‘Nationalisation not on the cards’: SingPost CFO
[SINGAPORE] Singapore Post (SingPost) on Thursday (May 15) ruled out the possibility of a nationalisation of the postal service provider, even as it said it is working with the Singapore government to come up with an operating model that is profitable and sustainable. “Nationalisation is not on the cards,” said SingPost group chief financial officer…
Read More