Posts by Mark Darwin
CapitaLand India Trust posts 8% rise in H1 DPU to 3.64 cents
CAPITALAND India Trust (Clint) saw an 8 per cent increase in distributions per unit to 3.64 cents for the half year ended Jun 30, thanks to growing rental income and occupancy. The trust’s total property income grew 23 per cent to S$136.1 million, while net property income was up 21 per cent to S$103.5 million.…
Read MoreAlibaba shares jump on plans to boost service fee for merchants
Alibaba Group Holding shares rose the most in two months as investors cheered the e-commerce company’s plan to earn more service fees from merchants. The stock gained as much as 5.8 per cent in Hong Kong on news that Alibaba will start charging a basic software service fee of 0.6 per cent on confirmed transactions…
Read MoreFamily feud leads to court order to wind up Lian Huat Group’s parent company
If a resolution is not reached in 30 days, the order will take effect immediately EMBROILED in a family feud, the parent company of property developer Lian Huat Group faces a court order to be wound up in 30 days unless its management team can reach a resolution. Kho Choon Keng (CK), executive chairman of…
Read MoreStock market bulls eagerly await the Fed’s promise of September rate cut
The rate is likely to be unchanged at the Fed’s meeting this week, which is aimed at preparing the ground for a cut in September WHEN the Federal Reserve meets this week, expect the US central bank to build a case for an interest rate cut to take place in September. Fed chairman Jerome Powell…
Read MoreSingapore Airlines recycled more in-flight waste than earlier report
SINGAPORE Airlines revised its rate of in-flight waste recycling upward ahead of its annual general meeting on Monday (Jul 29) after receiving new data from its local catering company. The city-state’s national carrier said it recycled 11 per cent of waste generated in flight, or 393 tonnes, in the 2023/24 financial year, much higher than…
Read MoreHSBC launches employee benefits platform for SMEs in Singapore
HSBC has launched a platform, to help small and medium-sized enterprises (SMEs) better manage employees’ benefits, in Singapore on Monday (Jul 29). The platform, HSBC Thrive Benefits, allows employees to access their benefits, as well as offers related to the bank’s financial products, financial fitness, well-being and lifestyle, from one place. Singapore is the…
Read MoreBank of England may kick off slow cycle of interest rate cuts
THE Bank of England (BOE) is likely to warn investors not to expect a string of back-to-back interest rate cuts if its policymakers push ahead with a first reduction in a knife-edge decision this week. Most economists expect the United Kingdom central bank to reduce rates for the first time since the start of the…
Read MoreGold drifts higher on Fed rate-cut hopes, geopolitical risks
PRICES of safe-haven gold climbed on Monday (Jul 29) on heightened geopolitical tensions in the Middle East and amid expectations of a US rate cut in September, while focus shifted to the Federal Reserve’s policy meeting due later this week. Spot gold was up 0.3 per cent at US$2,391.80 per ounce, as at 0205 GMT.…
Read MorePrada to open 8,000-square-feet Hong Kong store after years of downsizing
PRADA is renting an 8,000-square-foot store in K11 Musea, a harborfront luxury shopping mall by New World Development, sources familiar with the matter said. Construction work for the two-floor store will begin soon and it’s expected to open early next year, said the sources, who asked not to be identified discussing private matters. Rent is…
Read MoreChina tweaks regulations to ease the way for qualified foreign investors
CHINA’S central bank and foreign exchange regulator released revised rules on Friday (Jul 26) to streamline investment by qualified foreign investors, in the latest effort to open up the domestic capital market. The People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (Safe) published revisions to the 2020 regulation governing the Qualified…
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