Posts by Mark Darwin
Should SingPost divest its headquarters building?
[SINGAPORE] The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest set of financial results. The share price tanked 12 per cent on May 15 despite SingPost proposing a dividend of S$0.09 a share for FY2025 ended March, with the payout from the gain from…
Read MoreYoma Strategic’s H2 profit falls 12.4% to US$18.3 million
[SINGAPORE] Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from US$20.9 million in the same period last year. This was mainly due to lower net fair value gains recorded on its investment properties in Myanmar, the conglomerate said in a regulatory…
Read MoreChina threatens enforcers of US’s Huawei curbs with legal action
Published Wed, May 21, 2025 · 12:56 PM CHINA said it could take legal action against anyone enforcing US restrictions on using Huawei Technologies’ artificial intelligence (AI) chips, escalating a dispute that’s upset a tentative truce on tariffs. “China believes that the US abuses export controls to contain and suppress China, which violates international law…
Read MoreNvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the country Published Wed, May 21, 2025 · 12:02 PM [TAIPEI] US export controls on artificial intelligence (AI) chips to China were “a failure”, Nvidia chief executive Jensen Huang said on Wednesday (May 21). “All in…
Read MoreNvidia CEO praises Trump move to scrap some AI export curbs
[TAIPEI] US export controls on artificial intelligence (AI) chips to China were “a failure” as they have cost American companies billions of US dollars in lost sales, Nvidia chief executive Jensen Huang said on Wednesday (May 21). Huang’s comments were levelled at the Biden administration’s AI diffusion rule that sought to curb exports of sophisticated…
Read MoreFormer Citigroup traders drop Hong Kong lawsuit on cost concerns
[HONG KONG] Two former Citigroup traders in Hong Kong abandoned their employment lawsuits after weighing the costs and difficulties of taking it to a higher court, sources familiar with the matter said. Ex-Citi director Alrick Lee and Kenny Cheung, a former vice-president, agreed to drop their wrongful dismissal claims after a Labour Tribunal judge deemed…
Read MoreMonetary Authority of Singapore MD says US$ assets irreplaceable
Factors that the market are paying attention to include any prospect for slower growth and higher inflation in America as well as cues on its fiscal trajectory and policies that could reinforce that confidence Published Wed, May 21, 2025 · 09:08 AM [DOHA] US dollar-based assets have “enduring advantages” and remain virtually irreplaceable in the…
Read MorePwC launches AI hub in Singapore with over US$4 million commitment
[SINGAPORE] PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year period. This venture is also supported by Singapore’s Economic Development Board. The purpose of the hub is to establish standards when introducing AI technology, developing and scaling local AI capabilities, and fostering strategic…
Read MoreMaybank Securities positive on MAS equities review given niche in mid-cap players: CEO Aditya Laroia
[SINGAPORE] The Singapore government’s attempt to revive its local stock market is a much-needed move to boost Singapore’s financial hub status, and is already showing early signs of positive change, said Aditya Laroia, Singapore chief executive at Maybank Securities. The review – which focuses on small to mid-cap companies in the city-state – will support…
Read MoreUS: S&P 500 falls after six straight positive sessions
Published Wed, May 21, 2025 · 06:05 AM [NEW YORK] Wall Street stocks retreated on Tuesday (May 20) as markets tracked congressional debate on US President Donald Trump’s tax cut proposal while monitoring US Treasury yields. Major indices spent the entire session in negative territory as the S&P 500 finished lower after six straight positive…
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