Posts by Mark Darwin
Sats appoints new group CFO as part of leadership renewal
[SINGAPORE] In-flight caterer and ground handler Sats said on Thursday (Apr 24) that it has appointed a new chief financial officer as part of its leadership renewal. The company named Timothy Tang as group CFO-designate as part of its succession plans and “continuous renewal of its senior management team”. Tang was chief financial officer at…
Read MoreCapitaLand India Trust Q1 total property income up 14% at 4.7 billion rupees
[SINGAPORE] CapitaLand India Trust (Clint) posted a total property income of 4.7 billion rupees (S$74.6 million) for its first quarter ended Mar 31, 2025, up 14 per cent from the 4.2 billion rupees in the same period a year earlier. This was due to higher rental income from existing properties and income contributions from the…
Read MoreCars didn’t arrive after months – so Singapore dealer for China EV brand Neta closed: sources
[SINGAPORE] Evology Automobile – the dealer/distributor for China automotive brand Neta – closed abruptly earlier this month after the expected delivery of the cars did not take place, The Business Times learnt. Industry sources told BT Evology’s management decided not to continue operations when its initial shipment of Neta cars did not arrive after months…
Read MoreCars didn’t arrive after months – so Singapore dealer for China EV brand Neta closed: sources
[SINGAPORE] Evology Automobile – the dealer/distributor for China automotive brand Neta – closed abruptly earlier this month after the expected delivery of the cars did not take place, The Business Times learnt. Industry sources told BT that Evology’s management decided not to continue operations when its initial shipment of Neta cars did not arrive after…
Read MoreRevolut Singapore in the black, targets South-east Asia
[SINGAPORE] Neobank Revolut announced that its Singapore operations turned profitable, amid a continuing streak in the black for the wider company in its annual report released on Thursday (Apr 24). Its earnings grew to S$1.4 billion for FY2024 ended Dec 31, up from S$587.9 million in FY2023. Interest income rose 58 per cent from S$853.9…
Read MoreVietnam Airlines signs funding deal with Vietcombank for 50 narrow-body planes
Published Thu, Apr 24, 2025 · 01:21 PM [HANOI] Flag-carrier Vietnam Airlines said on Thursday (Apr 24) it had signed a memorandum of understanding with the country’s top lender Vietcombank for funding to purchase 50 narrow-body planes. The plane purchases are part of Vietnam Airlines’ fleet development strategy for the next decade, it said. “The…
Read MoreKeppel posts more than 25% jump in Q1 net profit, expects limited direct tariff impact
[SINGAPORE] Keppel’s net profit rose more than 25 per cent for the first quarter ended March, driven by improvements in its real estate and asset management arms. These profits, compared to Q1 in 2024, exclude legacy offshore and marine assets such as shares of Seatrium and legacy rigs remaining from the company’s divestment of its…
Read MoreGold prices bounce back from one-week low on dip buying
Published Thu, Apr 24, 2025 · 09:26 AM [BENGALURU] Gold rose on Thursday (Apr 24) as investors bought the dip after prices hit one-week lows in the previous session on US President Donald Trump’s reassurance about not firing Federal Reserve chair Jerome Powell and his remarks on China trade talks. Spot gold rose 1.1 per…
Read MoreSinarmas Land loses free float; trading to be suspended
The offer by Lyon Investments receives valid acceptances to acquire 92.3% of shares [SINGAPORE] Shares of Sinarmas Land that are held by the public no longer make up 10 per cent of shares outstanding, following a privatisation offer receiving valid acceptances to acquire 92.3 per cent of shares. Due to the Singapore Exchange’s (SGX) requirement…
Read MoreCapitaLand China Trust Q1 NPI falls 6.6% to 292.5 million yuan amid lower revenue
[SINGAPORE] The manager of CapitaLand China Trust (CLCT) posted a net property income (NPI) of 292.5 million yuan (S$52.8 million) for the first quarter of financial year 2025, down by 6.6 per cent from 313.1 million yuan in the previous corresponding period. Gross revenue fell 6.1 per cent to 439.7 million yuan for the quarter,…
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