Posts by Mark Darwin
Blackstone’s infrastructure fund for individuals raises more than US$1 billion
BLACKSTONE is betting individuals will turn the firm into a bigger force in roads, ports and data centres. The alternative asset manager gathered more than US$1 billion for a new infrastructure fund for wealthy individuals, one of the largest initial hauls for such a vehicle. The fundraising, disclosed in a filing on Wednesday (Jan 8),…
Read MoreFast Company Explains How the NBA is Changing Fans Basketball Experience
The NBA’s approach to technology and fan engagement represents one of sports history’s most ambitious digital transformations. As the league’s Chief Technology Officer Krishna Bhagavathula reveals, this isn’t just about streaming games but fundamentally reimagining how fans interact with basketball in the digital age. I recently listened to Fast Companies’ recent podcast episode, which discussed…
Read MoreUS: Wall St opens muted as investors assess data, Trump economic emergency report
Wall Street’s main indexes opened subdued on Wednesday (Jan 8), as investors digested softer-than-expected jobs data and took stock of a report that said President-elect Donald Trump was mulling a national economic emergency declaration. The Dow Jones Industrial Average rose 13.7 points, or 0.03%, at the open to 42,542.1. The S&P 500 rose 1.6 points,…
Read MoreMAS equities market review group to complete report by August
THE Monetary Authority of Singapore (MAS) group undertaking a review of the equities market is targeting to complete its report by August this year. It may provide updates and recommendations in phases along the way, said Deputy Prime Minister Gan Kim Yong on Wednesday (Jan 8), in a written reply to a parliamentary question. Gan,…
Read MoreCar dealer Tan Chong expects unrealised loss of HK$29 million for FY2024
TAN Chong International said on Wednesday (Jan 8) that it expects to record an unaudited unrealised loss of HK$29 million (S$5.1 million) on its investments designated at fair value through other comprehensive income, for the year ended Dec 31, 2024. This is lower than the audited unrealised gain of HK$270 million for the corresponding period…
Read MoreChina Everbright issues first tranche of medium-term notes for 2025
CHINA Everbright Water has issued its first tranche of medium-term notes (MTNs) for 2025 with a principal amount of 1.5 billion yuan (S$279.6 million) and a 1.78 per cent coupon rate. In a filing on Wednesday (Jan 8), the dual-listed environmental services group said that the first tranche of the 2025 MTNs comes with a…
Read MoreJapan’s Seven & i deal related to national security: economy minister
JAPANESE economy minister Ryosei Akazawa said on Wednesday (Jan 8) he believed a potential foreign acquisition of retail giant Seven & i was a matter “heavily related” to national security. The owner of 7-Eleven convenience stores has rejected a US$47 billion buyout offer from Canada’s Alimentation Couche-Tard and the retailer’s founding family is in talks…
Read MoreVW managers to take combined 300 million euro pay cut: report
VOLKSWAGEN’S management will take pay cuts adding up to over 300 million euros (S$423.4 million) by 2030, according to comments by VW human resources board member Gunnar Kilian to local paper Braunschweiger Zeitung published on Wednesday (Jan 8). Volkswagen’s board would take a larger cut proportional to their salary than the rest of management or…
Read MoreDBS shares reach S$45 for the first time
Shares of Singapore’s biggest bank DBS soared to S$45 for the first time on Wednesday (Jan 8). The stock was trading at S$45.14 in the afternoon, rising about 1.5 per cent. About 3.1 million shares changed hands. DBS shares have hit record highs a few times late last year, on the back of strong earnings.…
Read MoreTikTok, Alibaba push Indonesia e-commerce pioneer Bukalapak into retreat
INDONESIAN e-commerce pioneer Bukalapak.com will stop selling physical goods, underscoring the cut-throat competition in a market where the likes of ByteDance’s TikTok Shop and Sea’s Shopee are vying for users. Bukalapak will focus on sales of virtual products such as mobile credits and electricity tokens, it said. Buyers will not be able to place orders…
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