Posts by Mark Darwin
China sets up new state body to drill deep for oil and gas reserves
This is in answer to President Xi Jinping’s call for the sector to have “new productive forces” that will contribute to the country’s energy security China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state…
Read MoreMalaysia’s Sabah state to develop oil, gas facilities with Gibson Shipbrokers
LONDON-BASED Gibson Shipbrokers and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the South-east Asian nation’s Sabah state. The oil and gas facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a…
Read MoreDigital payment token service providers at higher risk of facilitating terrorism financing
THE risk of digital payment token (DPT) service providers facilitating terrorism financing was raised from “medium-low” to “medium-high” as part of the latest refresh of Singapore’s terrorism financing national risk assessment. The risk assessment, which was last conducted in 2020, highlighted similar terrorism financing risk areas, the Ministry of Home Affairs, Ministry of Finance and…
Read MoreAsia: Euro edges up on easing worries about French election
THE euro rose against the dollar on Monday on signs France’s far-right would not win enough seats for an overall majority in legislative elections. The single currency had come under pressure in recent weeks on worries Marine Le Pen’s National Rally would storm to victory and push through big-spending policies that could put the country…
Read MoreBoeing offered 737 MAX plea deal, lawyer of crash victims’ families says
THE US Justice Department is offering Boeing a plea deal that will allow it to avoid a trial related to two deadly 737 MAX crashes, a lawyer for the victims’ families said on Sunday, expressing outrage. Details of the deal, which requires Boeing to pay a fine and submit to an outside supervisor, were given…
Read MoreStocks to watch: Wilmar, Sembcorp, Keppel Infrastructure Trust, Del Monte, GSH, Tuan Sing
THE following companies saw new developments that may affect trading of their securities on Monday (Jul 1):
Read MoreTuan Sing terminates management agreements for Hyatt Regency Perth
TUAN Sing will no longer manage Hyatt Regency in Perth, Australia, ahead of the property’s planned repositioning and branding. Its indirect wholly owned subsidiary, HR Operations, inked a deed of termination and release with Hyatt’s subsidiaries to end the property’s existing management agreements. Hyatt Regency Perth will cease to be a Hyatt-managed hotel on Aug…
Read MoreBitcoin investors begin to ponder what’s next after ETF mania cools
AS THE second-quarter draws to a close, crypto investors are left wondering what’s next for Bitcoin after it retreated from the all-time highs registered during the height of the mania over exchange-traded funds (ETFs). The original cryptocurrency is down about 13 per cent since March, a sharp contrast from the 67 per cent and 57…
Read MoreBlackRock nears deal to acquire data provider Preqin
BLACKROCK is nearing a £2 billion (S$3.4 billion) deal to acquire private capital database provider Preqin, according to sources with knowledge of the matter. After outbidding rivals, BlackRock has emerged as the likely buyer for London-based Preqin, the sources said, asking not to be identified because the matter is private. The companies are hammering out…
Read MoreAsia’s data centre rush is making some unique skills highly desirable
Private equity firms are on the hunt for skilled operators, including reliable power suppliers, to meet the region’s growing demand for AI computing needs IF YOU have built or operated a data centre, a private equity (PE) house may be looking for you. Ditto if you know how to supply a building with consistent power…
Read More