Posts by Mark Darwin
ComfortDelGro adds Toyota Alphard Hybrid models to limousine taxi fleet
Move is said to align with the growing demand for premium transportation services LAND transport operator ComfortDelGro (CDG) has introduced new Toyota Alphard Hybrid models to its existing fleet of limousine taxis alongside the Mercedes Viano, Toyota Vellfire, Mercedes E-Class, and Lexus ES300 models. On Friday (Jan 3), CDG Taxi’s chief executive Tommy Tan said…
Read MoreChinese AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete in the post-ChatGPT era. The Chinese artificial intelligence (AI) pioneer is moving from a prime downtown location to a smaller office in a less expensive neighbourhood, people familiar with the matter said. The company…
Read MoreChina AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete in the post-ChatGPT era. The Chinese artificial intelligence (AI) pioneer is moving from a prime downtown location to a smaller office in a less expensive neighbourhood, people familiar with the matter said. The company…
Read MoreMaybank says SingPost can potentially offer a ‘significant’ special dividend after sales of assets
The bank says that the sale of Famous Holdings should conclude by end January 2025 BELEAGUERED national postal service provider SingPost could offer a potentially “significant” special dividend after it completes its planned sales of two business units, said Maybank on Friday (Jan 3). The bank referred to SingPost’s proposed divestment of its Australian logistics…
Read MoreTesla annual deliveries fall for first time as incentives fail to drum up demand
TESLA reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon Musk-led electric vehicle maker’s aging lineup and the new Cybertruck pickup failed to lure customers wary of high borrowing costs. Musk had earlier predicted “slight growth” in 2024 deliveries and offered a range of promotions including interest-free financing…
Read MoreSingapore stocks gain at Friday’s open; STI up 0.4%
SINGAPORE shares began trading stronger on Friday (Jan 3) morning after global indices ended mixed overnight. As at 9.01 am, the Straits Times Index (STI) climbed 0.4 per cent or 15.77 points to 3,816.58. Across the broader market, gainers firmly outweighed losers 91 to 22 with 40.3 million securities worth S$66.4 million traded. CapitaLand Integrated…
Read MoreStocks to watch: Keppel DC Reit
THE following company saw new developments that may affect the trading of its securities on Friday (Jan 3): Keppel DC Reit: The manager of the real estate investment trust (Reit) announced on Thursday that it will be divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million). It said that the sale is…
Read MoreKeppel DC Reit to divest Malaysia data centre for RM55.6 million
Reit subsidiary has entered into a sale and purchase agreement with Basis Bay Services MSC, an unrelated third party KEPPEL DC Real Estate Investment Trust (Reit) is divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million). On Thursday (Jan 2), Keppel DC Reit’s manager said that Basis Bay Capital Management, a…
Read More10-year average return on Singapore Savings Bonds slides to 2.82%
THE 10-year average return for the latest tranche of Singapore Savings Bonds (SSBs) continued to fall, to 2.82 per cent, in line with rate cuts by the US Federal Reserve. In contrast, the preceding month’s 10-year average return was 2.86 per cent. The February tranche, which opened on Thursday (Jan 2), has a first-year interest…
Read MoreSias urges independent professional inquiry into SingPost’s dismissal of senior executives
AN INDEPENDENT professional inquiry should be commissioned to look into the circumstances that led to the dismissal of three Singapore Post (SingPost) senior executives. This is in light of the seriousness of the incident, as well as “the large number of questions still circulating”, said David Gerald, founder, president and chief executive of the Securities…
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