Posts by Mark Darwin
Lendlease Global Commercial Reit posts 10.4% retail rental aversion for Q3 FY2025
[SINGAPORE] Lendlease Global Commercial Real Estate Investment Trust (LReit) on Wednesday (May 7) posted a positive retail rental reversion of 10.4 per cent for the third quarter ended Mar 31, 2025, despite a “softer” retail landscape. The performance came even as it recorded a 0.2 per cent decline in visitation and a 5.1 per cent…
Read MoreGeely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own for US$2.566 per share Published Wed, May 7, 2025 · 06:43 PM — Updated Wed, May 7, 2025 · 07:22 PM [HONG KONG] Billionaire Li Shufu is ramping up a push to streamline his sprawling…
Read MoreVolvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Published Wed, May 7, 2025 · 06:31 PM [STOCKHOLM] Volvo Cars said on Wednesday (May 7) it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market…
Read MoreUOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
[SINGAPORE] Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises. At the same time, the bank remains “committed” to its three-year, S$3 billion capital return plan, deputy chairman and chief executive officer Wee Ee Cheong said at the bank’s first-quarter…
Read MoreSingapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
[SINGAPORE] With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry remains a bright spot amid global turbulence and uncertainty, said Transport Minister Chee Hong Tat on May 7. Air cargo reached 2 million tons for the period, up 11 per cent year on…
Read MoreNew Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive. The formation of the entity, called Singapore GasCo, is a “major milestone” in Singapore’s transition towards green energy, the Energy Market Authority (EMA) said in a statement…
Read MoreMitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Published Wed, May 7, 2025 · 02:23 PM [TOKYO] Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU) for the supply of an electric vehicle (EV) model, the companies said on Wednesday (May 7). The EV model will be developed by Foxtron, manufactured in Taiwan by automaker…
Read MoreLatest Singapore six-month T-bill cut-off yield falls to 2.3%
[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.3 per cent, according to auction results released by the Monetary Authority of Singapore on Monday (May 7). This declined from the 2.38 per cent cut-off yield offered in the previous six-month auction that closed on Apr 24, marking the fourth consecutive issuance in…
Read MoreAsia: Stocks rise as China-US trade talks boost optimism
[HONG KONG] Asian equities rose on Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have raised recession fears. Beijing’s moves to ease some key monetary policy tools to kickstart the world’s number two economy boosted hope…
Read MoreThese Singapore stocks were the most bought and sold by retail investors in volatile April
[SINGAPORE] Traders rode a wave of sharp swings in Singapore stocks in April, as tariff-driven volatility saw investors go both risk-off and return to the market to buy large dips. The Straits Times Index (STI) fell 14.6 per cent from 3,972.43 at the end of March to 3,393.69 on Apr 9, subsequently recovering 12.9 per…
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