Posts by Mark Darwin
Far East Orchard acquires Manchester purpose-built student accommodation site for £10.9 million
[SINGAPORE] Far East Orchard announced on Thursday (Apr 3) that it will be acquiring a purpose-built student accommodation (PBSA) site in Manchester, for £10.9 million (S$19.1 million). Located at 3 – 5 Plymouth Grove, the 275-year leasehold site, which was granted planning permission in April 2024, will be developed into a 239-bed PBSA property. It…
Read MoreTrump says ‘very close to a deal’ on TikTok
[MIAMI] President Donald Trump said his administration was “very close” to a deal to find a buyer for TikTok, which faces a US ban if not sold by its Chinese owner by the weekend. “We’re very close to a deal with a very good group of people,” Trump told reporters aboard Air Force One, adding…
Read MoreExxonMobil signals higher oil, gas prices will help boost Q1 profit
EXXONMOBIL signalled on Thursday that higher crude oil and natural gas prices as well as stronger oil refining margins will help lift its first-quarter earnings by about US$900 million compared to the previous quarter. The largest US oil major gets the bulk of its operating profit from producing oil and gas, and its earnings snapshot…
Read MoreUS: Wall Street opens sharply lower as Trump tariffs trigger recession fears
[NEW YORK] Wall Street’s major indexes plunged on Thursday (Apr 3), as President Donald Trump’s sweeping tariffs on major trade partners ignited fears of an all-out trade war and heightened the risk of a global economic recession. At 09.30 am the Dow Jones Industrial Average fell 1,111.20 points, or 2.66 per cent, to 41,103.63, the…
Read MoreEmployee Termination: Do It Right or Pay Later
Terminating an employee is never an easy task. It comes with a lot of responsibilities and potential consequences. If not handled properly, both the employer and the employee can face significant issues down the line. This article aims to provide a straightforward guide on how to navigate the termination process effectively, ensuring that everything is…
Read MoreThree Arrows founders appeal to have court summons set aside
Zhu Su and Kyle Davies were under the impression they were cooperating with the liquidators, says their counsel [SINGAPORE] The founders of Three Arrows Capital (3AC), Zhu Su and Kyle Davies, have appealed for a court summons from the liquidators of their failed cryptocurrency hedge fund to be set aside. In a court hearing on…
Read MoreUBS Wealth, Templeton see Chinese stocks braving tariff blow
[HONG KONG] Some of the world’s biggest money managers say Chinese stocks have the means to weather the tariff blitz unleashed by US President Donald Trump on the economy. Fund managers at Franklin Templeton, UBS Global Wealth Management, Aberdeen Investments and JPMorgan Asset Management argue that a possible increase in Chinese authorities’ fiscal support and…
Read MoreTariffs disrupt Bitcoin mining supply chain rooted in Asia
[KUALA LUMPUR] Lauren Lin is in a hurry. She has less than 48 hours to ship about 5,600 Bitcoin mining machines from Thailand to the US before tariffs imposed on the South-east Asian country by President Donald Trump kick in. “Today we’re just scrambling,” said Lin, head of hardware at Luxor Technology, a Bitcoin mining…
Read MoreBYD to double South Korea sales network in challenge to Hyundai
The automaker has enjoyed a robust start to 2025, with sales up 58% in the first quarter versus the same period of last year [SEOUL] BYD plans to increase its sales network in South Korea, a car market dominated by local brands Hyundai Motor and Kia, as it pushes for more deliveries outside of its…
Read MoreMalaysia suspends search for long-missing flight MH370
[KUALA LUMPUR] The latest search for Malaysia Airlines flight MH370 has been suspended as it is “not the season”, Kuala Lumpur’s transport minister said, more than a decade after the plane went missing. “They have stopped the operation for the time being, they will resume the search at the end of this year,” Transport Minister…
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