Posts by Mark Darwin
Hong Kong Airport Authority sells record HK$18.5 billion of bonds
THE Airport Authority of Hong Kong sold HK$18.5 billion (S$3.3 billion) of bonds in the largest-ever issuance in the financial hub’s local currency, amid a sluggish recovery in the aviation sector and delays to the airport’s expansion plan. The Hong Kong government’s statutory body priced three-year, five-year, 10-year and 30-year notes yielding 4.05 per cent,…
Read MoreMicron invests US$7 billion in Woodlands advanced packaging site; 1,400 jobs to be created
MICRON Technology broke ground on its high-bandwidth memory (HBM) advanced packaging facility on Wednesday (Jan 8) in Singapore, adjacent to its existing facilities in Woodlands. The company will invest US$7 billion in the facility “through the end of the decade and beyond”, creating around 1,400 jobs. As part of future site expansions, 1,600 more jobs…
Read MoreCenturion surges 6.3% after news that it is exploring a Reit listing
SHARES of accommodation assets operator Centurion surged 6.3 per cent on Wednesday (Jan 8) following the previous day’s news that it is exploring a real estate investment trust (Reit) listing on the Singapore Exchange (SGX). At 9.39 am, the counter had advanced 6.3 per cent or S$0.06 to S$1.02 from Tuesday’s closing price of S$0.96,…
Read MoreJPMorgan quits climate finance group, following Citi, Bank of America
JPMORGAN Chase just became the last of Wall Street’s biggest banks to abandon the industry’s largest climate-finance alliance. The No 1 US bank by assets said in an e-mail on Tuesday (Jan 7) that it will no longer be a member of the Net-Zero Banking Alliance (NZBA). JPMorgan’s exit marks the latest blow to NZBA.…
Read MoreStoneweg E-Reit’s portfolio value inches up 0.3% in H2 2024
STONEWEG European Real Estate Investment Trust’s (Stoneweg E-Reit) portfolio valuations crept up 0.3 per cent for the second half of the year compared to June 2024, to about 2.2 billion euros (S$3.1 billion). This comes amid stabilising conditions in Europe, as well as higher rental growth, lower risk-free rates and improved financing conditions for some…
Read MoreTVs get smarter as makers cater to AI lifestyles
DAZZLING televisions that routinely star at the Consumer Electronics Show that opened in Las Vegas on Tuesday (Jan 7) are getting ever smarter with an eye toward being at the heart of AI-centred lifestyles. TV titans like LG, Samsung and TCL are packing ever more AI into stunning, huge screens that are inching toward being…
Read MorePanasonic teams up with Anthropic, aims for 30% of sales from AI
PANASONIC Holdings will embrace artificial intelligence (AI) technology across its hardware and software businesses and team up with Anthropic, one of the leaders in the industry, with the goal of boosting AI-related revenue to 30 per cent in a decade, chief executive officer Yuki Kusumi said. “The way we work will change when we make…
Read MoreMicrosoft to invest US$3 billion in India, to expand AI and cloud capacity
Microsoft will spend US$3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday (Jan 7), doubling down on a country with tech expertise and low costs to help turn such investments profitable. The two-year investment, its biggest ever in the country, will also be used…
Read MoreCenturion exploring Reit listing for workers and student accommodation assets
It has previously considered a Reit listing in January 2015 but deferred the plan CENTURION Corporation is currently exploring the establishment of a real estate investment trust (Reit) comprising some of its workers and student accommodation assets. If the plan materialises, the Reit will be listed on the mainboard of the Singapore Exchange (SGX), subject…
Read MoreHSBC appoints Citi veteran as its new head of international wealth hub for Singapore
HSBC has appointed 22-year veteran Jil Chin as its new head of international wealth hub for Singapore, as the company leads efforts to grow its international wealth business, the bank announced in a statement on Tuesday (Jan 7). Chin, who joined the bank on Jan 6, will oversee the scaling up of its offshore business…
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