Posts by Mark Darwin
Tourist-focused Island Hospital will enhance IHH Healthcare’s attractiveness to higher-paying foreign patients: analysts
Island Hospital is complementary to IHH’s existing Penang hospitals and yields immediate commercial synergies, say analysts INTEGRATED healthcare provider IHH Healthcare’s RM3.9 billion (S$1.17 billion) acquisition of Penang’s Island Hospital will propel the group to a leading healthcare provider for medical tourists, doubling down on the flow of patients coming from nearby regions, said analysts.…
Read MoreMorgan Stanley quietly walks away from plastics financing goal
MORGAN Stanley no longer has an explicit financing goal to tackle plastic pollution, as the Wall Street bank quietly shelves an earlier target. In its latest ESG report, published on Wednesday (Sep 5), Morgan Stanley omits an earlier pledge to facilitate the prevention, removal or reduction of 50 million tonnes of plastic waste from the…
Read MoreJack Ma-backed Ant makes inroads on AI to pave tech growth
JACK Ma-backed Ant Group rolled out a package of artificial intelligence services, as the company seeks new avenues of growth following a multiyear government crackdown. The fintech company said it will start offering an AI “life assistant” app called Zhixiaobao, which can help people order meals, hail taxis, book tickets and access other functions…
Read MoreSP Group makes its largest solar investment in China with 240-MWp project
To date, the company has secured 1.45 gigawatt of solar projects across 18 provinces and municipalities in the country SINGAPORE’S SP Group has deployed a 240 megawatt-peak agrivoltaic project in Guangdong, its biggest solar investment in China yet. Combining solar photovoltaic generation with agriculture use, the project is scheduled to be fully operational by end-2024,…
Read MoreJPMorgan abandons recommendation to buy China stocks ahead of US election
JPMORGAN Chase abandoned its buy recommendation for Chinese stocks, citing heightened volatility around the upcoming US elections in addition to growth headwinds and tepid policy support. China was downgraded to neutral from overweight in the bank’s emerging markets allocation, strategists led by Pedro Martins wrote in a note on Wednesday (Sep 4). The potential for…
Read MoreMalaysian bonds luring unhedged bets supercharge ringgit rally
INVESTORS are snapping up Malaysian bonds without resorting to hedging, supercharging a rally in the country’s currency that’s Asia’s top performer this year. Global funds bought RM8.1 billion (S$2.4 billion) of Malaysian government bills and bonds in August, the largest inflows since July 2023, according to Bloomberg calculations based on data from Bank Negara Malaysia.…
Read MoreUnhedged bets on Malaysian bonds supercharging ringgit rally
INVESTORS are snapping up Malaysian bonds without resorting to hedging, supercharging a rally in the country’s currency that’s Asia’s top performer this year. Global funds bought RM8.1 billion (S$2.4 billion) of Malaysian government bills and bonds in August, the largest inflows since July 2023, according to Bloomberg calculations based on data from Bank Negara Malaysia…
Read MoreTSMC supplier’s CEO dismisses AI concerns after Nvidia wipeout
DEMAND for AI chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Company (TSMC). said, dismissing concerns that investors had misjudged the pace and extent of spending on artificial intelligence (AI). While the global chip market has grown about 8 per…
Read MoreVisa to revamp how £3.7 trillion of UK bank payments are handled
VISA is working with some of the biggest banks in the United Kingdom in a bid to revamp how account-to-account payments are handled in the country as consumers continue to lose billions to wayward transactions. The company is creating a new system that would offer consumers a formal process for disputing payments made via bank…
Read MoreUS SEC threatens to sue NFT marketplace OpenSea, CEO says
THE US Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea, the company’s CEO said in a post on social media platform X on Wednesday. “OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities,” OpenSea co-founder and CEO Devin…
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