Posts by Mark Darwin
Marina 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…
Read MoreResorts World Sentosa’s casino licence renewed
THE authorities have renewed the casino licence of Resorts World Sentosa (RWS), an integrated resort operated by Genting Singapore, for another two years, beginning Feb 6 next year. In a bourse filing on Monday (Nov 18), the casino operator said that the renewal was granted after RWS was deemed to be suitable to manage and…
Read MoreUK creates new businesses at slowest rate since 2010
BRITONS started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday (Nov 18). The number of new businesses started in the United Kingdom fell to 316,000 in 2023 from 337,000 in 2022, the Office for National Statistics…
Read MoreXiaomi Q3 revenue soars 30.5% as sales of its first electric car surge
CHINESE electronics maker Xiaomi Corp posted a 30.5 per cent jump in third-quarter revenue as consumers clamoured for its first electric vehicle, the SU7 sedan. Xiaomi launched the car, which draws styling cues from Porsche, in March, entering a crowded China EV market with an attention-grabbing price tag – under US$30,000 for the base model,…
Read MoreSingapore stocks fall after Wall Street sell-off; STI down 0.3%
SINGAPORE equities ended their three-day winning streak to finish Monday (Nov 18) lower, after a sell-off on Wall Street last Friday as investors turned cautious amid inflation worries under a second Donald Trump presidency. The benchmark Straits Times Index (STI) was down 0.3 per cent or 12.15 points at 3,732.55. Across the broader market, gainers…
Read MoreChina EV makers push self-driving as Tesla threat looms
AUTONOMOUS driving and artificial intelligence are the buzzwords at this week’s Guangzhou auto show – the last major gathering of Chinese carmakers for the year. With Elon Musk’s Tesla aiming to bring what it markets as full self-driving to China in the first quarter of next year, pending regulatory approval, domestic electric car manufacturers…
Read MoreCrypto exchange OKX launches Singapore dollar funds transfer service for local customers
CRYPTOCURRENCY exchange OKX said on Monday (Nov 18) it would offer instant Singapore dollar-denominated deposits and withdrawals to customers in the city-state, taking a step towards deeper integration with Singapore’s traditional financial system as trading and interest in cryptocurrencies surge. The funds transfer service will be facilitated by Singapore’s biggest bank DBS Group and done…
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