Posts by Mark Darwin
Singapore offers carbon tax rebates for refiners near term, sources say
SINGAPORE is offering refiners and petrochemical companies rebates of up to 76 per cent for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere, four sources familiar with the matter said. The tax concessions will provide a significant buffer for refiners’ profit margins amid growing competition…
Read MoreSingapore offers carbon tax rebates for refiners near term: sources
SINGAPORE is offering refiners and petrochemical companies rebates of up to 76 per cent for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere, four sources familiar with the matter said. The tax concessions will provide a significant buffer for refiners’ profit margins amid growing competition…
Read MoreTesla shareholders back huge payout for CEO Musk, company says
TESLA shareholders voted in favour of a huge compensation package for CEO Elon Musk, endorsing the potential windfall after a Delaware court invalidated it, a company official said Thursday. Based on preliminary vote results, investors backed a plan of up to US$56 billion for the mercurial Musk, corporate secretary Brandon Ehrhart said at Tesla’s annual…
Read MoreEurope: Automakers lead shares lower; Italian stocks slide
EUROPEAN shares slipped on Thursday, with automakers falling on continued jitters over the European Union’s new tariffs on imported Chinese electric vehicles, while Italian shares underperformed their continental peers. The continent-wide Stoxx 600 closed 1.3 per cent lower, with auto stocks losing 2.4 per cent as investors fretted over how China might respond to the EU’s new tariffs…
Read MoreUS: S&P 500, Nasdaq end at records for fourth straight day
THE S&P 500 and Nasdaq edged to fresh records again on Thursday as investors digested improving inflation data and strong earnings from artificial intelligence player Broadcom. The producer price index declined by 0.2 per cent in May down sharply from a 0.5 per cent rise seen in April and very different from the 0.1 per…
Read MoreFord expands EV offerings to all US dealers in bid to juice sales
FORD Motor will sell its lineup of electric vehicles through all 2,800 of its US dealers in a bid to boost sales of battery-powered models now being shunned by mainstream buyers. The automaker is scrapping a plan that required dealers to invest as much as US$1.2 million in their stores in order to qualify to…
Read MoreSeized money-laundering assets exceeding S$2 billion yet to be surrendered to the state
EVEN as the last of the 10 foreign nationals convicted for being involved in Singapore’s S$3 billion anti-money laundering bust has been sentenced, attention is turning towards the more than S$2 billion in assets that were frozen or seized, but remain in limbo. Some S$944.5 million in assets seized from the perpetrators have already been…
Read More🤔 Gen Zs’ perennial dilemma: Should you turn your passion into a career?
🙊 Reality check? Gen Zs today are bravely charting new career paths for themselves, with many choosing to pursue their passions full-time in areas such as content creation or F&B. While these may seem like dream jobs, young adults need to prepare mentally before embarking on their new adventure. “Industries such as these can be…
Read MoreSingapore shares rise on lower US inflation, rate-cut possibility; STI up 0.5%
SINGAPORE shares ended higher on Thursday (Jun 13), as markets were encouraged by easing US Consumer Price Index (CPI) figures and the possibility of more interest-rate cuts by the US Federal Reserve. The benchmark Straits Times Index (STI) rose 0.5 per cent or 17.09 points to 3,324.53. Across the broader market, gainers beat losers…
Read MoreSwatch shakes up executive committee as luxury slowdown persists
SWATCH Group is shaking up its executive management committee just months after the watch and jewellery maker faced investor calls for improved corporate governance. Chief controlling officer Peter Steiger, a 35-year veteran of the Biel, Switzerland-based company, will retire and leave the group, according to a statement on Thursday (Jun 13). Two executives – Damiano…
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