Posts by Mark Darwin
US firm Firefly makes its first moon landing with uncrewed Blue Ghost spacecraft
FIREFLY Aerospace succeeded in its first attempt to land on the Moon with its uncrewed Blue Ghost spacecraft on Sunday (Mar 2), kicking off a two-week research mission as a handful of private firms compete to reach the frontlines of a global Moon race. The size of a compact car, the four-legged Blue Ghost carried…
Read MoreAll in the family: An interactive look at the Kwek family clan
AS THE boardroom tussle at CDL hots up, pitting executive chairman Kwek Leng Beng against his son and CEO Sherman Kwek and…
Read MoreShipping profit boom evaporates on US tariffs, Red Sea reopening
Global shippers from AP Moller-Maersk to Cosco Shipping Holdings, which logged windfall earnings last year, may see a reversal of fortunes in 2025 as a potential reopening of the Red Sea route and punitive US tariffs loom. Plans by US President Donald Trump to introduce new import levies are damaging trade, while the prospect of…
Read MoreChina’s central bank, regulators hold symposium on support for private companies
CHINA’S central bank and financial regulators held a symposium with private enterprises and financial institutions, vowing to increase lending to private enterprises and expand their fundraising channels, the People’s Bank of China (PBOC) said on Sunday (Mar 2). The meeting was held on Friday to study Chinese President Xi Jinping’s speech at a symposium last…
Read MoreCDL bypass of nominating committee may seem ‘unusual’ but current rules open to interpretation: observers
Court can determine if directors’ appointments are in accordance with company’s constitution THE appointment process for two of City Developments Ltd’s (CDL) directors as well as the dismantling of the company’s nominating committee (NC) are “unusual” and against the spirit of corporate governance rules, said industry observers. They were referring to the board tussle between…
Read MoreDynasty: Who’s who in the Kwek family tree behind CDL, Hong Leong
AS THE boardroom tussle at CDL hots up, pitting executive chairman Kwek Leng Beng against his son and CEO Sherman Kwek and other board members, The Business Times takes a look at how family ties and business interests are inextricably linked. At the first generation level, there is Kwek Hong Png who established the Hong…
Read MoreMars readying over US$25 billion bond sale for next week: sources
FAMILY-OWNED candy giant Mars is preparing to sell bonds worth between US$25 billion and US$30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova, according to people familiar with the matter, in a deal that would headline a US$40 billion rush of acquisition financing bonds. Banks led by Citigroup and JPMorgan…
Read MoreThe Secret to Keeping Event Attendees Engaged
Have you seen an uninspiring, unforgettable, or boring event? Most likely, the planners concentrated on logistics rather than on engagement. But here’s the thing: An event is only as successful as its audience’s experience. If the attendees aren’t engaged, they won’t engage with the content, they won’t network, and they will walk away with a lacklustre experience. Event…
Read More‘Stripping away any meaningful authority’ of CDL’s chairman is a ‘coup’: Kwek Leng Beng
CITY Developments Ltd executive chairman Kwek Leng Beng has alleged that his son’s denial of an attempted coup “misses the point”, in yet another twist to the father-son/board tussle rocking the company. “Protecting good governance, including the office of the executive chairman, and not me as an individual, is critical. Stripping away any meaningful authority…
Read MoreCDL chief Sherman Kwek’s denial of coup attempt ‘misses the point’: Kwek Leng Beng
CITY Developments Ltd (CDL) chairman Kwek Leng Beng has alleged that his son’s denial of an attempt to oust him “misses the point”, in yet another twist to the father-son tussle rocking the company. “Protecting good governance, including the office of the executive chairman, and not me as an individual, is critical. Stripping away any…
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