Posts by Mark Darwin
Software firm AvePoint said to weigh second listing in Singapore
AvePoint is considering a second listing in Singapore, people with knowledge of the matter said, in a deal that would bring the US infrastructure software firm a step closer to some of its backers in South-east Asia. AvePoint, which counts Singapore’s 65 Equity Partners among its investors, is working with advisers on a possible listing,…
Read MoreJardine C&C to sell entire 25.5% stake in Siam City Cement for 12.2 billion baht
JARDINE Cycle and Carriage (Jardine C&C) has proposed to sell its entire 25.5 per cent stake, or 76.1 million shares, in Siam City Cement (SCCC) for 12.2 billion baht (S$458.7 million). The proposed sale is “consistent with Jardine C&C’s strategy to evolve its portfolio in line with its long-term growth and sustainability objectives”, said the…
Read MoreStarHub’s finance chief resigns, to be succeeded by GoTo’s Jacky Lo
STARHUB’S chief financial officer (CFO) Dennis Chia has resigned from his position after slightly over nine years into the role, citing “personal reasons”. On Friday (Aug 16), the telecommunications company announced that Jacky Lo, who is currently Indonesian tech giant GoTo’s group CFO, will join the group to replace Chia from the date of his…
Read MoreStarHub’s finance chief resigns; GoTo’s Jacky Lo to take over
STARHUB’S chief financial officer (CFO) Dennis Chia has resigned from his position just over nine years into the role, citing “personal reasons”. On Friday (Aug 16), the telecommunications company announced that Jacky Lo, now Indonesian tech giant GoTo’s group CFO, will replace Chia from Sep 2, the date of his cessation. Upon stepping down as…
Read MoreBinance restarts India business after getting local registration
BINANCE and other global crypto exchanges have begun restarting operations in India, which banished them late last year for not having registered with authorities. Binance, which operates the world’s biggest exchange, said on Thursday (Aug 15) that its website and app are back online in India after it registered with the Financial Intelligence Unit (FIU)…
Read MoreRBA’s Michele Bullock says it’s ‘premature’ to think about rate cuts
AUSTRALIA’S central bank remains some way off easing monetary policy, governor Michele Bullock said, as inflation is proving persistent and will only return back to the target range late next year. “The board remains vigilant to upside risks to inflation,” Bullock said in her opening statement to a parliamentary panel in Canberra on Friday (Aug…
Read MoreStocks to watch: CapitaLand Investment, Paragon Reit, UOB Kay Hian, SingPost
THE following companies saw new developments that may affect trading of their securities on Friday (Aug 16): CapitaLand Investment (CLI): Its wholly owned unit CLI Treasury has priced the offering of S$350 million worth of senior notes due 2035 at a fixed rate of 3.58 per cent. The group said net proceeds from the issue…
Read MoreEV giant BYD plans to build Karachi plant as part of entry into Pakistan
CHINESE electric carmaker BYD plans to build a factory in Karachi with a local partner to capture a share of Pakistan’s growing electric vehicle (EV) market, according to a source familiar with the matter. The company will reveal three models it plans to sell in Pakistan, including an SUV and a sedan, at its brand…
Read MoreBank of America partners with Fifa as first-time sponsor for 2026 World Cup
BANK of America (BOA) is partnering with Fifa to become a sponsor for the 2026 World Cup, soccer’s global governing body said on Thursday (Aug 15), in a move that will link the financial giant with one of the world’s most-watched sporting events. Sponsoring sport can be a fruitful marketing tactic for companies as it…
Read MoreEurope: Shares led higher by tech, banks as US slowdown fears ease
TECHNOLOGY and bank shares led Europe’s benchmark stock index more than 1 per cent higher on Thursday (Aug 15), with risk appetite boosted by strong US retail sales data that eased fears of a slowdown in the world’s largest economy. The pan-European Stoxx 600 closed at a two-week high, up 1.2 per cent on the…
Read More