Posts by Mark Darwin
EDB executive vice-president Tan Kong Hwee to be appointed CEO of Ipos
TAN Kong Hwee, executive vice-president of the Singapore Economic Development Board (EDB), will be appointed the chief executive of the Intellectual Property Office of Singapore (Ipos) on Mar 1. He will succeed Rena Lee, who has been CEO of Ipos since August 2020. Lee will take on a full-time role at the Ministry of Foreign…
Read MoreInvestors must diversify to navigate ‘world of uncertainty’ in 2025
Focus on defensive strategies, particularly around Asia and countries with minimal trade exposure, say investment strategists INVESTMENT strategists are gearing up for a year of heightened market volatility and trade policy uncertainty, according to their 2025 outlook. However, Bank of Singapore (BOS) chief economist Mansoor Mohi-uddin believes that investors should be prepared for both downside…
Read MorePrada among suitors for Versace, newspaper reports
ITALY’S Prada is among the potential suitors looking at fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported on Friday (Jan 10). In November, Coach-owner Tapestry abandoned an US$8.5 billion deal to buy Michael Kors-owner Capri. After that deal to create a US luxury conglomerate fell through,…
Read MoreGold dazzled last year, but may lose some lustre in 2025
With the Year of the Snake upon us, market watchers are split on how the precious metal will fare after a record-breaking 2024 WHEN investors long for a steady asset in times of uncertainty, gold stands out as a solid portfolio diversifier that weathers not only geopolitical upheavals, but also fiscal risks. Even if we…
Read MoreSGX securities turnover value rises 5% in December despite lower market volume
THE total securities market turnover value on the Singapore Exchange (SGX) climbed 5 per cent on the year to S$20 billion in December, indicated the bourse operator’s monthly market statistics report released on Thursday (Jan 9). This comes despite December’s total market volume falling 15 per cent to 19.4 billion shares, from 22.7 billion shares clocked…
Read MoreMiyoshi chief executive slapped with S$22,400 fine for accounting irregularity
THE chief executive and executive director of Miyoshi, Andrew Sin Kwong Wah, has been fined S$22,400 for failing to recognise an impairment loss in its financial statements for the fiscal year ended Aug 31, 2019. The S$16 million impairment loss came from a decline in the value of the company’s equity investment in Core Power…
Read MoreAsia: Markets drift lower as US jobs data looms
EQUITIES fell again in Asia on Friday (Jan 10) as traders prepared for the release of US jobs data that could play a key role in the Federal Reserve’s decision-making on interest rate, with several officials indicating the cutting has finished for now. Markets have started the year cautiously, with the optimism that characterised most…
Read MoreNvidia partnership puts MediaTek stock on course for record high
INCREASED collaboration with Nvidia has pushed investor optimism over the artificial intelligence (AI) growth potential for MediaTek to a new level, putting its shares on track for their first record high in seven months. The stock climbed to within a whisker of its June peak this week after the Taiwanese chip designer announced a tie-up…
Read MoreSingapore shares tumble at the open on Friday; STI down 0.9%
SINGAPORE equities began Friday (Jan 10) in negative territory, driven by losses in banking stocks. European markets gained overnight and US markets were closed for a day. As at 9.01am, the Straits Times Index (STI) fell 33.32 points or 0.9 per cent to 3,829.28. Across the broader market, losers outnumbered gainers 59 to 46, after…
Read MoreThe ‘$’ Behind Starting Your Own Company: Real Costs Revealed
Starting a business sounds like a dream, right? But let’s be real, it’s not just about having a cool idea and running with it. There’s a lot of behind-the-scenes stuff that can catch you off guard. From legal fees to branding costs, it’s a whole package of challenges. And the money? Yeah, that’s a big…
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