Posts by Mark Darwin
Billionaire Richard Li’s FWD Group again files for Hong Kong listing
Its previous attempts to go public were scuttled by regulatory delays and market volatility Published Mon, May 19, 2025 · 11:10 PM [HONG KONG] FWD Group, a Hong Kong-based insurer backed by billionaire Richard Li, said on Monday (May 19) it has again applied to list on the main board of the Hong Kong Exchanges…
Read MoreJPMorgan says interest income could rise this year even as uncertainty persists
[NEW YORK] JPMorgan Chase could earn more from interest payments this year as consumers and businesses remain resilient despite economic uncertainty, it said on Monday (May 19). Net interest income (NII) – the difference between what the bank pays on deposits and earns from interest payments – could rise by US$1 billion this year, chief…
Read MoreQ&M Dental cash offer for Aoxin Q&M shares to close on Jun 16
Offeror does not intend to revise offer price nor or extend offer beyond closing date [SINGAPORE] Q&M Dental Group said on Monday (May 19) that its mandatory unconditional cash offer to acquire all the shares it does not already own in its subsidiary Aoxin Q&M at S$0.0321 per share will close at 5.30 pm on…
Read MoreSingPost, FedEx deepen partnership with islandwide roll-out of parcel drop-off service
The expanded collaboration aims to streamline the delivery process and enhance service efficiency, particularly for cross-border shipments [SINGAPORE] Singapore Post (SingPost) has ramped up its partnership with global transport company FedEx with the extension of FedEx’s parcel drop-off services to all post offices islandwide. This raises parcel acceptance points from six to 43, the two…
Read MoreStarHub, Trends and Technologies ink MOU to boost digital transformation in the Philippines
[SINGAPORE] StarHub signed a memorandum of understanding on Monday (May 19) with Trends and Technologies, a systems integrator and enterprise ICT solutions provider headquartered in the Philippines, to bring digital solutions and services to businesses in the Philippines. At its core, the partnership is focused on delivering practical innovation through a unified go-to-market strategy in…
Read MoreTech stocks could rally on US-China tariff truce, impending tax cuts: Stanchart
[SINGAPORE] A pause in US-China tariffs could provide a boost to technology stocks, which earn significant revenue from exports, Standard Chartered bank has said. In its wealth solutions weekly market views, the bank identified the US tech sector as a potential beneficiary of easing trade tensions, which could take the S&P500 index above February’s all-time…
Read MoreQatar Airways posts 28% jump in net profit to record US$2.1 billion
Published Mon, May 19, 2025 · 03:13 PM [DOHA] Qatar Airways posted a 28 per cent jump in annual net profit to a record US$2.1 billion, according to a preliminary statement issued by the airline on Monday (May 19). “We have also successfully implemented strategic partnerships throughout the industry, in order for the Group to…
Read MoreXiaomi to invest at least US$6.9 billion in chip design: founder
Published Mon, May 19, 2025 · 01:17 PM [BEIJING] Chinese smartphone and electric vehicle maker Xiaomi plans to invest at least 50 billion yuan (S$9 billion) in chip design over at least 10 years starting from 2021, its founder Lei Jun said on Monday in a post on social media platform Weibo. Xiaomi has invested 13.5 billion yuan…
Read MoreNvidia CEO unveils new tech to keep global AI expansion going
[SAN FRANCISCO] Nvidia unveiled the latest raft of technologies aimed at sustaining the boom in demand for artificial intelligence (AI) computing – and ensuring that its products stay at the centre of the action. Chief executive officer Jensen Huang on Monday (May 19) kicked off Computex in Taiwan, Asia’s biggest electronics forum, touting new products…
Read MoreJapan’s Yoshinoya bets big on ramen noodles for next phase of expansion
Published Mon, May 19, 2025 · 12:17 PM [TOKYO] Japan’s Yoshinoya said on Monday it was betting on ramen noodles for its next phase of growth, looking to turn it into a third business pillar along with ‘gyudon’ beef bowls and udon noodles. Announcing a growth plan for the next five years, the fast-food chain…
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