Posts by Mark Darwin
Employee 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…
Read MoreAirtrunk seeks S$2.2 billion loan to build Singapore data centres
[HONG KONG] Blackstone-owned data centre firm AirTrunk is seeking a S$2.2 billion green loan for a new greenfield project in Singapore, according to sources familiar with the matter, as it looks to ramp up its expansion plans regionally. The proceeds of the latest loan will fund Australia-based AirTrunk’s 80.2 megawatt greenfield data centre campus buildout…
Read MoreJefferies moving to bigger Singapore office amid expansion push
[SINGAPORE] Jefferies Financial Group is set to move to a larger office space in Singapore, according to sources familiar with the matter, in a further signal of the Wall Street firm’s expansion drive in Asia. The firm will move from UOB Plaza, a building owned by United Overseas Bank next to the Singapore River, to…
Read MoreCompanies face new reality of Trump tariff chaos
[FRANKFURT/SHANGHAI/NEW YORK] Now that the US has instituted broad tariffs worldwide, businesses will be forced to adjust – but the options to cope with the greater-than-expected levies are limited and unpalatable for companies and their customers. US President Donald Trump ramped up his trade war against the globe on Wednesday (Apr 2) with tariff rates…
Read MoreStarbucks faces new hot spill lawsuits weeks after US$50 million ruling
[LOS ANGELES] Starbucks was facing two new lawsuits over spilled hot drinks on Wednesday (Apr 2), just weeks after a court ordered the coffee giant to pay US$50 million to a man who was injured by a cup of tea. Both suits were lodged in California, and seek damages over what they say are problems…
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