Posts by Mark Darwin
Dollar dominates on cautious Fed, Trump trade
THE US dollar hit a two-year high and was on track to post an annual gain against almost all major currencies on Tuesday (Dec 31) as the prospect that the Federal Reserve will hold interest rates higher than peers led the US currency to dominate rivals. Traders have adjusted for the US central bank to…
Read More2024: a year of market volatility
2024 UNFOLDED as a year marked by global turmoil and uncertainty: The war in Ukraine raged on, conflicts in the Middle East escalated, and Donald Trump’s unexpected return to the US presidency drove a hawkish shift at the Fed. The global economy maintained steady growth, with inflation moderating and monetary policies beginning to ease in…
Read More‘Failed’ deliveries had issues like conflict zones: SingPost’s fired CEO, CFO
A “SIGNIFICANT majority” of the shipments involved in Singapore Post’s (SingPost) parcelgate fiasco were linked to known issues like conflict zones. This was the comeback from the company’s former group chief executive Vincent Phang and group chief financial officer Vincent Yik on Tuesday (Dec 31) – whom, along with Yu Li, head of its international…
Read MoreHong Kong’s billionaire Cheng family seeks to sell China toll roads for US$2 billion
THE infrastructure arm of Hong Kong’s billionaire Cheng family is seeking to sell a bundle of roads in mainland China worth about US$2 billion, according to people familiar with the matter. CTF Services, formerly known as NWS Holdings, is in early-stage discussions with China’s state-owned Yuexiu Group, the people said, asking not to be identified…
Read MoreHong Kong’s billionaire Cheng family seeks to sell China toll roads for US$2 billion
THE infrastructure arm of Hong Kong’s billionaire Cheng family is seeking to sell a bundle of roads in mainland China worth about US$2 billion, according to people familiar with the matter. CTF Services, formerly known as NWS Holdings, is in early-stage discussions with China’s state-owned Yuexiu Group, the people said, asking not to be identified…
Read MoreEx-mDR group COO Richard Siua charged with criminal breach of trust
FORMER group chief operating officer of mDR Richard Siua, along with Peter Ng, who was a sales director of the company’s subsidiary, were charged with criminal breach of trust offences on Tuesday (Dec 31). Between November 2020 and December 2021, Siua allegedly misappropriated 4,057 mobile devices and accessories valued at more than S$2.5 million, which…
Read MoreChinese toy maker Bloks Group files for up to HK$1.46 billion Hong Kong IPO
BLOKS Group is looking to raise as much as HK$1.46 billion (S$225 million) in a Hong Kong initial public offering (IPO), as the Chinese toy maker aims to ramp up product development and output while cashing in on the reviving IPO market. Bloks will be selling a total of 24.1 million shares, priced between HK$55.65…
Read MoreSingapore stocks’ showing may hinge on reforms in 2025, but outlook for some sectors look bright
ANALYSTS expect Singapore stocks to outperform and see significant upside in 2025, but there is a caveat: This is likely to happen only if market reforms are put in place to raise their relative valuations. Macquarie analysts expect companies to post an estimated 5 per cent rise in earnings-per-share growth, bringing the benchmark Straits Times…
Read MoreLayoffs and job cuts in Singapore in 2024
RETRENCHMENT and unemployment in Singapore eased in the third quarter, but the current quarter posted some prominent layoffs. From the beverage sector to consumer electronics and e-commerce, here are some of the major job cuts that grabbed headlines this year. Yeo Hiap Seng and Oatly, Singapore, 59 Beverage giant Yeo Hiap Seng (Yeo’s) will lay…
Read MoreStocks to watch: OCBC, SingPost, Sembcorp
THE following companies saw new developments that may affect the trading of their securities on Monday (Dec 30):
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