Posts by Mark Darwin
Blackstone seeks US$3 billion in sale of Bob Dylan, Adele song rights
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch US$3 billion or more, sources with knowledge of the matter said. A handful of financial firms, including Apollo Global Management, Warburg Pincus and Temasek Holdings, Singapore’s state-owned investment firm,…
Read MoreArtificial Intelligence jobs among Singapore’s fastest growing jobs: LinkedIn report
ARTIFICIAL intelligence (AI) roles ranked among Singapore’s fastest-growing jobs, said the latest LinkedIn’s annual jobs report released on Thursday (Jan 16). The majority – 10 of the 15 – are new to the list. That is, they were not in this list in 2024, said the networking site. They included the roles of AI researcher…
Read MoreBoost market with public money or implement ‘value-up’ programme? Maybe just do both
In the end, improving the vibrancy of the Singapore market comes down to companies acting in a manner that benefits all their shareholders SOME market watchers might have been disappointed that Minister for Trade and Industry Gan Kim Yong was rather guarded in his remarks earlier this month about the hotly debated topic of using…
Read MoreUS: Wall St opens higher after inflation data, strong bank earnings
Wall Street’s main indexes opened higher on Wednesday (Jan 15), as data showed core inflation rose less than expected in December and investors cheered a strong batch of quarterly results from the biggest US banks. The Dow Jones Industrial Average rose 409.5 points, or 0.96 per cent, at the open to 42,927.76. The S&P 500…
Read MoreESR Reit to sell Tuas industrial building for S$9.9 million
THE manager of ESR real estate investment trust (ESR Reit) has entered into a contract to divest an industrial building for about S$9.9 million. The consideration represents a 1.5 per cent premium above its valuation of S$9.7 million, said the manager in a bourse filing on Wednesday (Jan 15). The divestment is expected to be…
Read MoreSIA, 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…
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