Posts by Mark Darwin
Ericsson expands manufacturing in India to make antennas
The company expects to export a significant portion of the antennas manufactured in India after meeting domestic needs Published Tue, Apr 22, 2025 · 04:50 PM [STOCKHOLM] Sweden’s Ericsson is planning to manufacture all its telecom antennas for the Indian market in the South Asian country, the company said on Tuesday (Apr 22). Demand from…
Read MoreSabana Reit unitholders vote against resolution to initiate price discovery process at EGM
[SINGAPORE] A resolution tabled by some unitholders of Sabana Industrial Real Estate Investment Trust (Sabana Reit), aimed at initiating a price discovery process with a view to selling the Reit’s properties, failed to pass at an extraordinary general meeting (EGM) held by its manager on Tuesday (Apr 22). The resolution, which was tabled by former…
Read MoreGlobal shipping navigates Trump tariffs uncertainty
[PARIS] Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs. Cargo ships put to sea half empty, fluctuating freight rates and possible shipping route changes are some of the recent adjustments industry specialists have noted. The global…
Read MoreGold rises to a record US$3,500 as traders seek safe havens
[SINGAPORE] Gold surged past US$3,500 an ounce for the first time before paring some gains, as concern that President Donald Trump could fire Federal Reserve chair Jerome Powell triggered a flight from US stocks, bonds and the US dollar. Bullion gained as much as 2.2 per cent on Tuesday (Apr 22) to briefly touch US$3,500,…
Read MoreBooks Kinokuniya to open new outlet at Raffles City in August
The space will reuse the iconic blue shelves from the flagship store, which is currently being reorganised Published Tue, Apr 22, 2025 · 08:42 AM [SINGAPORE] Books Kinokuniya will open a new outlet at Raffles City Shopping Centre in August. In a Facebook post on Apr 21, the bookstore chain announced the new store, which…
Read MoreRupiah to extend losses as Bank Indonesia battles volatility
[JAKARTA] The Indonesian rupiah will extend this year’s 4 per cent decline due to fragile investor confidence, spurring further intervention by the central bank to stem volatility, according to analysts. MUFG Bank expects the currency will weaken to 17,100 per US dollar in coming months, while Barclays Bank says its likely to test 17,200 by…
Read MoreUS imposes over 3000% duties on South-east Asian solar imports
[SAN FRANCISCO] The US set new duties as high as 3,521 per cent on solar imports from four South-east Asian countries, delivering a win for domestic manufacturers while intensifying headwinds already threatening the country’s renewable power development. The duties announced on Monday (Apr 21) are the culmination of a yearlong trade probe that found solar…
Read MoreFrasers Centrepoint Trust preferential offering 24.8% oversubscribed
Its manager raises total of S$421.3 million from the offering and a private placement that closed on Mar 26 [SINGAPORE] The manager of Frasers Centrepoint Trust (FCT) on Monday (Apr 21) said that its preferential offering was 24.8 per cent oversubscribed. The manager received applications for 122,584,803 preferential offering units, against the 98,185,673 units offered.…
Read MoreAsean remains attractive amid global trade, supply chain disruptions: UOB CEO Wee Ee Cheong
[SINGAPORE] The Asean region remains an attractive market in which to do business, even amid uncertainties due to geopolitical risks and the impact of the US tariffs, said UOB chief executive Wee Ee Cheong. Wee, who is also UOB’s deputy chairman, expects disruption and slower demand in the immediate future as a result of divides…
Read MoreGoogle faces historic trial in US bid to end search monopoly
[WASHINGTON] Alphabet’s Google needs strong measures imposed on it to prevent it from using its artificial intelligence products to extend its dominance in online search, a US Department of Justice attorney said as trial in the historic antitrust case began on Monday (Apr 21). The outcome of the trial could fundamentally reshape the Internet by…
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