Posts by Mark Darwin
Adani plans 1.1 trillion rupees of new investments in India growth push
Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees (S$17 billion) of new investments in India, signalling the conglomerate’s focus on growing in its home market while fighting corruption charges in the US. This will fund projects ranging from pumped storage to cement and mining to smart-metres and thermal energy, Adani…
Read MoreChinese firms dump Europe for Hong Kong to raise funds
CHINESE companies that once pursued additional listings in Europe are abandoning those plans after Beijing’s securities regulator tightened some rules, pushing many issuers to sell shares in Hong Kong instead. Take Contemporary Amperex Technology Co Ltd (CATL). The car-battery giant considered selling at least US$5 billion of global depositary receipts in Switzerland, people familiar with…
Read MoreGIC, Silver Lake complete US$1.7 billion acquisition of billing software firm Zuora
A GIC affiliate and global technology investor Silver Lake have completed their US$1.7 billion acquisition of US-billing software company Zuora. Shareholders of the Silicon Valley-based firm approved the all-cash deal at US$10 a share earlier this month. With the transaction complete, Zuora will no longer be listed on the New York Stock Exchange as its…
Read MoreCloud Hosting: What Your IT Guy Won’t Tell You
Cloud hosting is everywhere these days, and it’s often marketed as the ultimate solution for businesses. But is it the silver bullet it claims to be? While it offers undeniable advantages, there are some things your IT guy might not be telling you. Whether it’s about hidden costs, potential security risks, or even their own…
Read MoreIndonesia’s new Danantara investment fund readies for launch
A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could give President Prabowo Subianto a major cache of funds to deploy in his effort to supercharge growth. Prabowo will launch the new body, Danantara, at 10 am local time on Monday (Feb 24). It will be…
Read MoreFranchise Dreams: 7 Steps to Clone Your Success
Thinking about franchising your business? It’s a big leap, but it could be the perfect way to grow your brand and reach new markets. Franchising isn’t just about selling a business model—it’s about creating a system that others can follow and succeed with. If you’ve been dreaming of seeing your business thrive in multiple locations,…
Read MoreOlam to sell remaining stake in Olam Agri for US$4 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) for the proposed disposal of about 44.58 per cent of the issued and paid-up share capital of Olam Agri. This entails 1.5 million ordinary shares of Olam Agri, with the consideration for the…
Read MoreOlam to sell 44.58% stake in Olam Agri for US$1.8 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) to dispose about 44.58 per cent of the issued and paid-up share capital of Olam Agri. This entails 1.5 billion ordinary shares of Olam Agri, with the consideration for the disposal set at about…
Read MoreChina’s local government bond rush worsens liquidity strain
CHINA’S local governments are rushing to issue bonds to refinance hidden debt, further tightening liquidity in the financial system. Regional authorities are set to sell 1.7 trillion yuan (S$313 billion) of bonds in the first two months of 2025, an unprecedented amount for the period, data compiled by Bloomberg show. About half of the issuance,…
Read MoreNasdaq soars to new heights: What investors should know
ON FEB 19, both the S&P 500 and Nasdaq-100 achieved record highs, climbing by 0.2 per cent and 0.1 per cent, respectively. Their upward movements occurred as investors assessed the minutes of the latest US Federal Reserve meeting and reacted to renewed tariff threats from US President Donald Trump. The Dow Jones Industrial Average also…
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