Posts by Mark Darwin
Resorts World Sentosa’s casino licence renewed for a shorter 2 years, likely due to pandemic-related tourism factors
Gambling Regulatory Authority says there is “a number of areas that require rectification and substantial improvement”, recommends that RWS’ next evaluation be carried out in 2026 THE authorities have renewed the casino licence of Resorts World Sentosa (RWS), an integrated resort (IR) operated by Genting Singapore, for two years – notably shorter than the standard…
Read MoreXPeng forecasts upbeat fourth quarter revenue as new launches improve demand
CHINESE electric vehicle maker XPeng forecast fourth quarter revenue above Wall Street estimates on Tuesday (Nov 19), as a refreshed product line-up and improving domestic market help the company see higher demand. US-listed shares of the company were up 5.1 per cent in premarket trading. XPeng is seeing a steady demand for its MONA M03…
Read MoreKoh Brothers Eco unit wins S$77.6 million contract for upcoming Toa Payoh development
CATALIST-listed engineering solutions provider Koh Brothers Eco Engineering was awarded a S$77.6 million contract by Sport Singapore (SportSG) through its wholly owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (KBCE). Under the 18-month contract commencing Nov 19, KBCE will be responsible for piling, ground improvement and earth retaining stabilising structure installation at the Toa…
Read MoreSwiss watch exports fall again amid plummeting demand in China
SWISS watch exports fell for a second straight month in October as a sharp drop in shipments to China offset growth in the US. Exports of Swiss timepieces and watch movements declined 2.8 per cent overall to about 2.3 billion Swiss francs (S$3.5 billion) in value, with China’s imports down 39 per cent, the Federation…
Read MoreNestle to cut costs, boost marketing under new CEO
It aims to achieve cost savings of at least 2.5 billion Swiss francs by 2027, in addition to ongoing savings of around 1.2 billion Swiss francs Nestle will boost advertising and marketing, trim costs, carve out its water and premium drinks businesses into a standalone global unit, and implement other changes to drive growth under…
Read MoreHot stock: ST Engineering gains 4% on strong Q3 revenue showing
SHARES of ST Engineering rose in early trade on Tuesday (Nov 19) after the technology and engineering group reported that its third-quarter revenue was up 14 per cent year on year to S$2.8 billion. As at 10.21 am, the counter gained as much as S$0.18 or 4 per cent to S$4.63 on a cum-dividend basis,…
Read MoreMarina Bay Sands eyes Singapore’s largest loan of S$12 billion
MARINA Bay Sands is seeking a loan of around S$12 billion, in what would be the largest financing from Singapore, as the company looks to fund the planned expansion of its casino resort in the city state. DBS Group Holdings, Malayan Banking Bhd., Oversea-Chinese Banking Corp and United Overseas Bank are coordinating the loan, according…
Read MoreKeppel DC Reit to acquire data centres from Keppel for S$1.4 billion
KEPPEL DC Real Estate Investment Trust (Keppel DC Reit) has proposed to acquire interests in two data centres from a Keppel joint venture (JV) for S$1.4 billion. Keppel DC Reit will purchase a 49 per cent interest in the Keppel JV, as well as subscribe for two new classes of securities issued by the…
Read MoreStocks to watch: Keppel, Genting Singapore, Silverlake Axis
THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 19): Keppel: Keppel will take over 13 legacy rigs held by Rigco following a selective capital reduction exercise, which will cancel all of Rigco’s shares that are not held by a Keppel unit as at the date of the…
Read MoreThe drive to transform urban mobility
EARLIER this year, Singapore-based Neuron Mobility announced that it would be equipping its entire fleet of e-scooters in Melbourne with front-facing, AI-powered cameras. This “ScootSafe Vision” system enables e-scooters to detect riding on footpaths, which is not permitted in some cities. While other operators are testing similar technology, Neuron’s upcoming launch marks the first large-scale…
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