Posts by Mark Darwin
Gold 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…
Read MoreLLC vs. Inc.: The Choice That Changes Everything
Choosing between an LLC and a corporation can feel overwhelming. Both structures have their pros and cons, and the decision can impact everything from taxes to liability protection. If you’re starting a business, understanding the differences between these two options is crucial. In this article, we’ll break down what you need to know about LLCs…
Read MoreChina plastic plants face closure risk as tariffs hit US ethane
[SINGAPORE] Chinese plastics factories that depend on a gas they mainly import from the US are contending with the prospect of shutdowns as the world’s two largest economies bunker down for a prolonged trade war. The world’s dominant plastics manufacturer gets almost all its ethane, a petrochemical feedstock that is also a component of natural…
Read MoreYangzijiang Shipbuilding soars 9% as US eases port fees on China-built ships
[SINGAPORE] Shares of Yangzijiang Shipbuilding (YZJ) surged 15 per cent on Monday (Apr 21) morning before paring some gains, after the US watered down its initial proposal of slapping fees on China-built ships. At 9.58 am, the counter jumped 15 per cent or S$0.31 to S$2.37, with 27.9 million securities changing hands. The last time…
Read More