Posts by Mark Darwin
Microsoft poised to benefit from Stargate joint venture with zero money – The Business Times
WHEN President Donald Trump joined tech executives on Tuesday (Jan 21) to tout a multibillion-dollar artificial intelligence (AI) project led in part by OpenAI, one question sprang to mind: Where’s Microsoft? Despite investing almost US$14 billion in OpenAI and using the startup’s AI models for its next-generation cloud services, Microsoft was mentioned only as a…
Read MoreDBS, OCBC, UOB to gain from higher AUM, fees amid booming family office scene – The Business Times
Upcoming Singapore Budget may give further tax incentives for philanthropy, sustainability SINGAPORE’S strong family office sector will likely continue to boost the wealth management businesses of the local banking trio, analysts said. More family offices have tended to be beneficial for the onshore deposit business and liquidity of the banks, said Jayden Vantarakis, head of…
Read MoreMapletree Industrial Trust posts 1.5% rise in Q3 DPU to S$0.0341 – The Business Times
THE distribution per unit (DPU) for Mapletree Industrial Trust (MIT) rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31, 2024, from S$0.0336 in the prior year. Revenue for the quarter was up 2 per cent at S$177.3 million, from S$173.9 million in the year-ago period. This was due to contributions from…
Read MoreP.O. Box Prices: What You’ll Really Pay in 2024
Thinking about getting a P.O. Box in 2024? You’re not alone. With more people shopping online and working remotely, having a secure spot for your mail is pretty handy. But, like everything else, prices are going up. It’s not just about the box itself; there are a bunch of costs to consider. In this article,…
Read MoreECB policymakers line up behind further interest rate cuts – The Business Times
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction is all but a done deal and further moves will also come even if the US Federal Reserve remains cautious. Having cut rates four times already in response to weak growth and falling inflation, the…
Read MoreLi Ka-Shing’s port firm ‘committed’ to Panama amid Trump threats – The Business Times
BILLIONAIRE Li Ka-shing’s port business in Panama said it’s committed to operating in the country, after local authorities launched an audit of the company amid concerns raised by US President Donald Trump. Hutchison Ports PPC, a unit of Li’s flagship conglomerate CK Hutchison, is fully cooperating with the audit and is maintaining due transparency, it…
Read MoreBanks running Trump ‘war rooms’ as trade ructions expected – The Business Times
BANKERS at JPMorgan worked through the night in a “war room” to try and assess the early impact of US President Donald Trump’s administration on global trade, regulation and other matters, an executive at the bank said on Tuesday (Jan 21). “The last 24 hours are showing that there’s going to be a lot of…
Read MoreApple’s iPhone sales in China plunged 18% in holiday quarter – The Business Times
SALES of Apple iPhones dived 18.2 per cent in China during the December quarter, according to independent research, a major setback for the company in its biggest market after the US. The company’s flagship handsets, China’s top sellers a year earlier, relinquished the top spot to Huawei Technologies, Counterpoint Research found. Apple slipped to third…
Read MoreColler Capital expands in South-east Asia’s private equity secondary market with Singapore office – The Business Times
The move extends the company’s commitment to the region as demand from institutional and private wealth investors rise LONDON-headquartered Coller Capital, one of the largest global investors in the private equity (PE) secondary market, is setting up an office in Singapore amid growing demand from institutional and private wealth investors in South-east Asia. It said…
Read MorePhilippine finance chief sees slower rate cuts on global risks – The Business Times
PHILIPPINE Finance Secretary Ralph Recto said the nation’s central bank will continue to deliver interest rate cuts this year, but they may be fewer and farther apart than in 2024 in the face of geopolitical tensions and uncertainties from US policies. The government will return to the global debt market most likely in the first…
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