Posts by Mark Darwin
Mapletree acquires 18-acre site to develop logistics facility in Chicago
[SINGAPORE] Property developer Mapletree Investments announced on Wednesday (May 14) that it has acquired an 18.11-acre site in Chicago, where it plans to develop a premier logistics facility spanning 276,000 square feet (sq ft). The company said that the site was strategically situated in an area which offers convenience and access to the Joliet Intermodal…
Read MoreSingapore Airlines to operate out of Changi Airport’s upcoming Terminal 5
[SINGAPORE] Changi Airport’s upcoming Terminal 5 (T5) will host the operations of Singapore Airlines (SIA) Group, with the terminal’s first phase designed to handle about 50 million passengers annually. When the mega terminal opens in the mid-2030s, it will consolidate the operations of SIA and Scoot, which are now spread across three terminals. At T5’s…
Read MoreAI boom for US stocks still a safe bet, less so for China: BlackRock
[SINGAPORE] Ask any investor who has paid attention to the United States equities market in the last two years, and you are likely to hear the name Nvidia. Few other stocks would be representative of the US tech bull run story than the chipmaker, whose stock price exploded nearly 900 per cent from the beginning…
Read MoreChina’s Baidu prepares to launch driverless taxi in Europe: report
The company has been in discussions with Switzerland’s bus service provider PostAuto to debut its robotaxi service in Switzerland, the WSJ reports Published Wed, May 14, 2025 · 02:18 PM [BENGALURU] Chinese technology major Baidu is preparing to test its driverless ride-hailing service, Apollo Go, in Europe for the first time, The Wall Street Journal…
Read MoreCrypto platform FalconX partners with Standard Chartered
[HONG KONG] Crypto prime broker FalconX and global bank Standard Chartered said on Wednesday (May 14) that they had formed a strategic partnership to serve institutional crypto investors. The partnership marks FalconX’s first collaboration with a global traditional bank and suggests growing institutional demand for digital assets through traditional finance channels. FalconX will leverage Standard…
Read MoreFrasers Property offers to privatise FHT for S$0.71 per share
[SINGAPORE] Frasers Hospitality Asset Management, as the manager of Frasers Hospitality Trust (FHT), announced on Wednesday (May 14) the proposed privatisation of the stapled securities group for S$0.71 per scheme stapled security via a trust scheme of arrangement. The manager in a company statement released on Wednesday explained that the macroeconomic environment has undergone further…
Read MoreIFA’s holding company discounts in offer based on study of 11 SGX-listed mid to large-cap conglomerates: Sinarmas Land
[SINGAPORE] Sinarmas Land defended the valuation methods used by the independent financial adviser (IFA) in the offer by Lyon Investments for shares in the company, in its response to queries by Singapore Exchange Regulation (SGX RegCo) on Tuesday (May 13). The company, after consulting the adviser W Capital Markets, said that the IFA had deemed…
Read MoreCapitaLand Investment’s Ascott to create over 12,000 jobs globally with over 300 new property openings
[SINGAPORE] Ascott, the lodging business of CapitaLand Investment (CLI), expects to create more than 12,000 jobs – including 1,500 property leadership roles – to support the opening of over 300 properties by 2028. It will launch talent development efforts in preparation, the company said on Wednesday (May 14). Of over 300 property openings, more than…
Read MoreCommonwealth Bank of Australia reports higher cash profit, stable margin in third quarter
COMMONWEALTH Bank of Australia (CBA) reported a 6 per cent rise in third-quarter cash earnings on Wednesday, helped by growth in lending volumes and higher trading income, and said its margins were stable. Cash net profit after tax for the country’s biggest lender was about A$2.6 billion (S$2.2 billion) for the three months ended March…
Read MoreAsian Pay TV Trust Q1 profit falls 47.2% amid steeper basic TV competition
[SINGAPORE] Asian Pay Television Trust (APTT) posted a first-quarter net profit of S$7.3 million, down 47.2 per cent from S$13.8 million in the previous corresponding period. Revenue fell 6.5 per cent on the year to S$59.4 million from S$63.5 million, the trustee-manager said in a bourse filing on Wednesday (May 14). This was despite broadband…
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