Posts by Mark Darwin
ComfortDelGro Zig platform fee to increase between S$0.30 and S$0.50 from Jan 1
FROM Jan 1, 2025, the platform fee on ComfortDelGro’s app Zig will be adjusted by S$0.30 to S$0.50, the land transport giant announced on Tuesday (Dec 24). Therefore, the platform fee for rides booked through the Zig, DBS PayLah! and Kris+ apps will be adjusted to a range of S$1 to S$1.20, depending on the…
Read MoreECB plans to clamp down on banks ignoring its demands for fixes
THE European Central Bank (ECB) is set to crack down on lenders that are slow to deal with fixes the supervisor demands of them, after growing frustrated with a perceived lack of responsiveness. The ECB has issued more than 5,000 supervisory measures a year on average since it started overseeing the euro region’s top banks…
Read MoreGold steady ahead of holidays; US Fed outlook weighs
GOLD prices held steady on Tuesday (Dec 24), with investors bracing for a less aggressive path of interest rate cuts from the US Federal Reserve next year, ahead of a shortened trading week due to the Christmas holiday. Spot gold traded flat at US$2,614.87 per ounce, as at 0050 GMT. US gold futures steadied at…
Read MoreThai billionaire Charoen to retire as F&N chairman in 2025
Fraser and Neave (F&N) announced on Tuesday (Dec 24) that its board chairman Charoen Sirivadhanabhakdi will retire from office on Jan 16, 2025, at the conclusion of its 126th Annual General Meeting. Sirivadhanabhakdi, who is 80 years old, will be appointed as chairman emeritus. He will be succeeded by Koh Poh Tiong, who has been serving…
Read MoreStocks to watch: Seatrium, Sembcorp, F&N
THE following companies saw new developments that may affect the trading of their securities on Tuesday (Dec 24):
Read MoreUS Fed floats major changes to bank stress tests in light of legal rulings
THE US Federal Reserve said on Monday (Dec 23) it was considering major changes to its annual bank “stress tests” in light of recent legal developments, including allowing lenders to provide comment on the models it uses, in a major victory for Wall Street banks. The Fed said it may also allow lenders to provide…
Read MoreEurope: Stoxx 600 inches up as Novo Nordisk surges at start of Christmas week
EUROPE’S Stoxx 600 closed slightly higher at the start of a holiday-shortened week, as a spike in Novo Nordisk shares boosted the healthcare sector and capped losses on the main stock index. The pan-European Stoxx 600 gauge closed 0.1 per cent higher after clocking its biggest weekly fall in over three months last week. Trading…
Read MoreMalaysia, Indonesia to battle for IPO supremacy in 2025 as signs point to Asean market comeback
Industry observers say the region’s listings are expected to improve amid lower interest rates and economic growth INDONESIA and Malaysia are likely to jostle for the top spot on the Asean initial public offering (IPO) leaderboard in 2025, as the former returns to political stability following a general election. This comes after Malaysia emerged as…
Read MoreHow Queen Elizabeth’s Will Divided Her Fortune
Queen Elizabeth’s will has been a topic of much curiosity and speculation. People are eager to know how her vast wealth and treasured possessions were distributed. Her will not only reflects her personal wishes but also offers a glimpse into her values and priorities. In this article, we’ll explore the different aspects of her will,…
Read MoreUS: Wall St mixed at start of holiday-shortened week
Wall Street’s main indexes were muted at the start of a holiday-shortened week on Monday (Dec 23), as a stopgap government funding bill averted a partial shutdown and investors contended with a slower pace of rate cuts from the US central bank next year. The Dow Jones Industrial Average fell 39.8 points, or 0.09 per…
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