Posts by Mark Darwin
Ant Group’s profit rises with Jack Ma back in the public eye
ANT Group’s quarterly profit surged more than 50-fold after it benefited from an investment gain, a major boon for the Chinese fintech giant founded by Jack Ma. The Hangzhou-based online finance firm contributed nearly 4.49 billion yuan (S$828 million) of profit to Alibaba Group Holding. Considering Alibaba’s one-third stake in Ant, that translates to an…
Read MoreAirbus sets modest 2025 jet delivery goal amid supply snags
AIRBUS struck a cautious note for this year, with an aircraft delivery target that’s at the low end of analysts’ estimates while trade tensions and an ailing space business also cloud its outlook. The European planemaker is targeting about 820 handovers for 2025, it said on Thursday (Feb 20) as Airbus reported annual results. That…
Read MoreMost US manufacturers forecast layoffs at Vietnam operations with Trump tariffs: survey
MOST US manufacturers surveyed by the American Chamber of Commerce (AmCham) in Vietnam said they would be likely forced to lay off workers if the Trump administration imposed tariffs on the export-reliant South-east Asian country. The survey was conducted from Feb 4 to 11 over the period when US President Donald Trump had already approved…
Read More‘Significant’ investor interest in South-east Asia’s wellness real estate sector amid global boom: CLI
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health and wellness industries, said a report by CapitaLand Investment (CLI). Amid a global boom in the wellness economy, the region’s wellness and healthcare real estate sector is poised for further growth, according to the report,…
Read MoreSingapore, Malaysia, Thai Wellness Real Estate a Compelling Story for Investors
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health and wellness industries, said a report by CapitaLand Investment (CLI). “South-east Asia is uniquely positioned to capitalise on the global embrace of health and wellness as a lifestyle priority, making it a prime hub for…
Read MoreAustralia’s Goodman raises A$4 billion for data centres to tap AI boom
AUSTRALIA’S Goodman Group plans to raise A$4 billion (S$3.4 billion) via a share placement to develop a global network of data centres, as the march of artificial intelligence (AI) drives demand for more facilities. The property firm plans to raise the capital through a fully underwritten institutional placement, it said on Wednesday (Feb 19). It…
Read MoreSeatrium gets offshore rig contract from International Maritime Industries
SEATRIUM’S offshore jack-up designer Seatrium Offshore Technology has won an international tender from International Maritime Industries, a shipyard in the Middle East and North Africa region, for the supply of equipment and licence for a self-elevating drilling unit. This marks the start of new-build construction for the shipyard since its opening, and of its “long-term…
Read MoreTesla cited by US regulators over worker’s death
US FEDERAL regulators have cited Tesla for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas auto-manufacturing plant. The US Department of Labor confirmed the findings in a statement to Reuters. “The investigation is closed and citations have been issued,” said the department, which oversees the…
Read MoreNasdaq-listed Grab’s Q4 profit falls to US$27 million, but beats analyst estimates
NASDAQ-LISTED Grab on Thursday (Feb 20) posted a net profit of US$27 million for the fourth quarter ended December, down from US$35 million in the previous corresponding period. The earnings beat estimates of a US$10.3 million profit in a poll of eight analysts by Bloomberg. Revenue for the three months was US$764 million, up…
Read MoreGoogle develops AI co-scientist to aid researchers
GOOGLE has developed an artificial intelligence (AI) tool to act as a virtual collaborator for biomedical scientists, the US blue chip said on Wednesday (Feb 19). The new tool, tested by scientists at Stanford University in the US and Imperial College London, uses advanced reasoning to help scientists synthesize vast amounts of literature and generate…
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