Posts by Mark Darwin
Singapore Savings Bond demand falls short by over S$200 million; 10-year return down at 2.69%
The latest tranche offers a first-year interest rate of 2.49%, declining from 2.73% in April’s issuance [SINGAPORE] The latest Singapore Savings Bond (SSB) tranche allotted on Monday (Apr 28) saw applications fall short of the S$700 million on offer by S$268.5 million, with a total of S$431.5 million applied for. Of this amount, S$400.8 million…
Read MoreLatest NZ$2.80-per-share offer by CDL Kiwi unit still ‘too low and inadequate’: M&C New Zealand
[SINGAPORE] The independent directors of Millennium and Copthorne Hotels New Zealand (MCK) do not recommend shareholders of MCK to accept the increase of CDL Hotels Holdings New Zealand’s (CDLHH NZ) offer price to NZ$2.80 per ordinary share. “While the independent directors welcome the increase in the offer, we believe it is still too low and…
Read MoreMortgagee listings climb in Q1 as interest rate strains hit market: Knight Frank
[SINGAPORE] Mortgagee listings in Singapore property auctions surged in the first quarter of 2025 as distressed sales due to the last two years of high interest rates have started to enter the market, said a report by property consultancy Knight Frank on Monday (Apr 28). Mortgagee sales made up the majority of auction listings in…
Read MoreiFast shares plunge 12% after firm cuts its Hong Kong profit guidance
They had cut 2025 Hong Kong profit before tax target to HK$380 million from HK$500 million [SINGAPORE] – iFast shares plunged as much as 12 per cent on Monday (Apr 28) morning, after the investment platform operator revised its Hong Kong operations’ profit target and reported first quarter earnings. As at noon, the counter has…
Read MoreMail Forwarding Secrets: What USPS Won’t Tell You
Mail forwarding can seem straightforward, but there are a lot of details that the USPS doesn’t always make clear. Whether you’re moving, traveling, or just need to redirect your mail for a while, understanding the ins and outs of mail forwarding can save you time and money. This article dives into the options available, hidden…
Read MoreOil edges up despite murky economic outlook, potential Opec+ supply hike
[SINGAPORE] Oil prices inched up in early trade on Monday but remained dogged by uncertainty over trade talks between the US and China clouding the outlook for global growth and fuel demand, while the prospect of Opec+ raising its supply cast more gloom. Brent crude futures and US West Texas Intermediate crude nudged higher for…
Read MoreGold falls on firmer dollar, US-China trade tension subside
Published Mon, Apr 28, 2025 · 09:09 AM [BENGALURU] Gold prices eased on Monday (Apr 28) as the thawing of trade tensions between the US and China provided some relief to investors, while a stronger US dollar further weighed on prices. Spot gold fell 0.3 per cent to US$3,309.31 an ounce, as at 0016 GMT.…
Read MoreST Engineering wins new contracts worth S$4.5 billion for Q1 2025
[SINGAPORE] ST Engineering announced on Monday (Apr 28) that it secured new contracts valued at about S$4.5 billion in the first quarter of 2025. These comprise S$1.3 billion from the commercial aerospace segment, S$2.7 billion from the defence and public security segment, and S$500 million from the urban solutions and satcom segment. The new contracts in…
Read MoreNikkei 225 poised for rebound amid tariff de-escalation signals
THE Nikkei 225 Index Futures contract, available in standard, mini, and micro sizes, tracks the Nikkei 225 Index which includes top constituents such as Fast Retailing (Uniqlo), Tokyo Electron (semiconductor equipment), and Advantest (semiconductor testing solutions). Japanese equities have seen a correction over the past month, weighed down by US tariffs that disproportionately affected export-oriented…
Read MoreSingapore homes in the Central Business District
[SINGAPORE] A site along Cross Street in the Central Business District has been earmarked for redevelopment for residential use, according to the Urban Redevelopment Authority (URA). The land parcel is being proposed for residential with commercial at first storey use, with a gross plot ratio of 6.3. The empty field located at Telok Ayer MRT…
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