Posts by Mark Darwin
Oliver 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 MoreGolden Agri-Resources Q1 profit rises 47% to US$55 million on better plantation output
[SINGAPORE] Golden Agri-Resources (GAR) reported net profit of US$55 million for the first quarter ended Mar 31, up 47 per cent from US$37 million in the previous corresponding period. This was mostly driven by stronger plantation output and an appreciation in the price of crude palm oil, the company said on Thursday (May 15). Revenue…
Read MoreManulife US Reit portfolio occupancy falls to 69.9% for Q1
[SINGAPORE] Manulife US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 69.9 per cent on Thursday (May 15) for its first quarter ended March, down from 73.9 per cent in the previous quarter. The pure-play US office Reit manager explained that this was largely due to the expiry of leases at its Diablo…
Read MoreAmazon trims jobs in devices and services unit
CEO Andy Jassy is trying to reduce what he described as excessive bureaucracy at the company, including a plan to reduce the number of managers Published Thu, May 15, 2025 · 08:31 AM [SAN FRANCISCO] Amazon on Wednesday (May 14) cut about 100 jobs in its devices and services unit, the group overseeing the development…
Read MoreChina pauses rare earths exports curbs targeting US entities
Exporters of rare earth and other goods that can be used for military uses are allowed to apply for export licenses to the Ministry of Commerce now in 90 days Published Thu, May 15, 2025 · 07:28 AM [HONG KONG] China on Wednesday (May 14) suspended curbs on exports of rare earths and other goods…
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