Posts by Mark Darwin
SIA, Scoot clock monthly record in passengers in December
NATIONAL carrier Singapore Airlines (SIA) and its low-cost arm Scoot carried a total of 3.6 million passengers in December, a monthly record for the SIA group. This was up 7.1 per cent from the year before, based on the group’s monthly operation update, released after the market closed on Wednesday (Jan 15). For the whole of…
Read MoreWill US-driven tailwind for Malaysia gloves be curbed by Trump?
Competition from China in non-US markets may also drown out sales for Top Glove and its country peers MALAYSIAN glovemakers were poised to capture the United States market, after Chinese gloves were slapped with higher tariffs, but the return of a Donald Trump presidency could pose a stumbling block in 2025. This is as Trump…
Read MoreWill US-driven tailwind for Malaysia gloves be curbed by Trump?
They may also face stiffer competition as Chinese rivals pivot from the US to markets in Europe and Asia, add analysts MALAYSIAN glovemakers were poised to capture the United States market, after Chinese gloves were slapped with higher tariffs, but the return of a Donald Trump presidency could pose a stumbling block in 2025. This…
Read MoreMOH to closely monitor Cordlife’s governance, practices over one-year period; shares climb 10.3%
THE Ministry of Health will closely monitor Cordlife Group’s governance and ensure its practices are consistent and compliant with regulatory requirements, the ministry said on Wednesday (Jan 15). This is in response to queries on Cordlife announcing on Tuesday that its cord-blood banking service and human-tissue banking service licences have been renewed for a year,…
Read MoreGrab partners BYD to expand electric vehicle fleet offering across South-east Asia
GRAB is teaming up with Chinese carmaker BYD to provide up to 50,000 BYD electric vehicles (EVs) to its driver-partners across South-east Asia. The collaboration is expected to boost EV adoption in the region, which has been set back by high upfront costs, said both companies on Wednesday (Jan 15). Grab’s fleet partners and driver-partners…
Read MoreSingapore shares in the black at Wednesday’s open; STI up 0.2%
Singapore shares were in positive territory on Wednesday (Jan 15) at the open, as investors globally await key inflation data in the US which will set interest rate expectations. The Straits Times Index (STI) rose 0.2 per cent or 6.46 points to 3,795.23 just past 9 am. Across the broader market, advancers beat decliners 81…
Read MoreJPMorgan says altcoin-ETF inflows may be as high as US$14 billion
JPMORGAN Chase analysts estimate that a proposed batch of exchange-traded funds (ETFs) holding alternative cryptocurrencies may attract inflows of as much as US$14 billion should they get approved by the US Securities and Exchange Commission (SEC). Analysts at the New York-based bank predict the suite of proposed Solana ETFs will take in anywhere from US$3…
Read MoreMeta to cut roughly 5% of staff, targeting lowest performers
META Platforms is cutting roughly 5 per cent of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees. As at September, Meta employed about 72,000 people, so a 5 per cent reduction could affect roughly 3,600 jobs. “I…
Read MoreSIA Engineering adds MOM perm sec Ng Chee Khern to board
SIA Engineering has appointed Ng Chee Khern, the permanent secretary of the Ministry of Manpower, as an independent non-executive director, with effect from Feb 1. Along with the appointment, the 59-year-old has been added to the board’s audit committee and technology advisory committee, said the maintenance, repair and overhaul services provider in a bourse filing on Tuesday…
Read MoreGreat Eastern Life prices US$500 million fixed rate perpetual capital securities
The Great Eastern Life Assurance Company has priced US$500 million fixed rate perpetual capital securities, first callable in 2032, to be issued on or about Jan 22. The Series 002 Securities will be under the S$2 billion Euro Medium Term Note Programme established by both Great Eastern Life and Great Eastern Holdings, announced Great Eastern…
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