Posts by Mark Darwin
Centurion Q1 revenue up 13% at S$69 million on rental reversions
[SINGAPORE] Dormitory and student accommodation operator Centurion Corporation’s revenue rose 13 per cent to S$69 million for the first quarter ended Mar 31, from S$61.1 million in the year ago period. This was driven by positive rental revisions across markets and strong financial occupancies in both Singapore and the United Kingdom. Revenue from the purpose-built…
Read MoreParagon Reit to suspend trading on May 15 ahead of delisting
[SINGAPORE] Paragon Reit will suspend trading in its units from 9 am on Thursday (May 15), and bow out of the Singapore Exchange, the manager of the retail real estate investment trust said in a regulatory filing on Wednesday. Cuscaden Peak’s Times Properties proposed to take the real estate investment trust private at S$0.98 in…
Read MoreRWS chairman and Genting Singapore CEO Tan Hee Teck retires; group’s Q1 profit drops 41% to S$145m
[SINGAPORE] Resorts World Sentosa (RWS) chairman and chief executive officer Tan Hee Teck will retire from his position on May 31. Tan, 69, is also stepping down as CEO of Genting Singapore, the group said in a bourse filing on Wednesday (May 14). “The board respects Mr Tan’s decision and would like to express their…
Read MoreComfortDelGro posts a 19% rise in Q1 net profit to S$48.3 million
Revenue rises 16.4% to S$1.2 billion, whereas operating costs climbs at a slower pace of 15% [SINGAPORE] Transport behemoth ComfortDelGro posted a 19 per cent rise in its net profit of S$48.3 million for the quarter ended March on contributions from last year’s acquisitions and improved margins. It said in an update for the first…
Read MoreTencent’s Q1 revenue rises 13% on gaming strength
The company benefits from regulatory easing in China’s gaming sector following stringent restrictions in previous years Published Wed, May 14, 2025 · 05:24 PM — Updated Wed, May 14, 2025 · 05:24 PM [BEIJING] Tencent Holdings, China’s biggest technology company by market capitalisation, posted a 13 per cent rise in first-quarter revenue on Wednesday (May…
Read MoreMapletree 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…
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