Posts by Mark Darwin
LYC Healthcare withdraws plan to list Singapore unit, citing market conditions
LYC Healthcare, a Malaysia-listed group specialising in healthcare services for children and mothers, has withdrawn its proposal to list its subsidiary LYC Medicare Singapore on the Catalist board of the Singapore Exchange. In a Wednesday (Jun 12) bourse filing on Bursa Malaysia, the group said the decision to drop the proposed listing is in view…
Read MoreThe first casino near Dubai sparks a new gold rush
BARELY a year after Las Vegas casino operator Wynn Resorts announced plans for a US$4 billion resort in the United Arab Emirates, the area is crawling with construction workers erecting five-star resorts, shops and US$7 million villas in what developers expect will become a major tourist hotspot. Before that deal, the artificial Marjan islands off…
Read MoreAsia: Stocks build on Wall Street records after US inflation data
ASIAN traders extended a rally across world markets on Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve’s forecast of just one interest rate cut this year. The weaker-than-expected May consumer price index marked a second successive month of slowing – to a more than three-year…
Read MoreAli Ramahi’s Six-Figure Success Story Inspires Aspiring Entrepreneurs
Ali Ramahi, a force to be reckoned with in both physical and financial health, has charted a remarkable journey from professional kickboxer to successful entrepreneur. His unique path, initially rooted in the kickboxing world, has evolved into a fruitful venture in dropshipping. Today, he shares his expertise and experiences through his Elite Ecommerce Academy course,…
Read MoreShein steers tough course in pursuit of blockbuster London IPO
LONDON bankers have waited more than two years for initial public offerings to bounce back. When news of fast-fashion upstart Shein’s potential listing first emerged at a potential £50 billion (S$86.3 billion) valuation, the City saw a deal that could finally reverse the slump. It won’t be easy. To deliver what could be one of…
Read MoreBiden win would benefit bonds, Trump better for growth: Morgan Stanley CIO
BOND markets would likely benefit if US President Joe Biden is re-elected as his administration will try to raise taxes to offset some of the government spending, Morgan Stanley’s chief investment officer said on Wednesday (Jun 12). However, under the scenario that former President Donald Trump were to win the Nov 5 election, it “would…
Read MoreApple to ‘pay’ OpenAI for ChatGPT through distribution, not cash
WHEN Apple chief executive officer Tim Cook and his top deputies this week unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms. Left unanswered on Monday (Jun 10) on which company is paying the other as part of a tight collaboration that…
Read MoreA 3220 kilometres Bangkok to Beijing train trip gets closer with Thai expansion
TRAIN travel between Bangkok and Beijing is inching closer as Thailand prepares to expand its rail network. The South-east Asian nation will run a trial service between Bangkok and Laos’ capital of Vientiane between Jul 13 and 14, according to the State Railway of Thailand. When up and running, the new link will improve transport…
Read MoreA 3220-km Bangkok to Beijing train trip gets closer with Thai expansion
TRAIN travel between Bangkok and Beijing is inching closer as Thailand prepares to expand its rail network. The South-east Asian nation will run a trial service between Bangkok and Laos’ capital of Vientiane between Jul 13 and 14, according to the State Railway of Thailand. When up and running, the new link will improve transport…
Read MoreUS: S&P 500, Nasdaq at records despite Fed seeing fewer rate cuts in 2024
THE S&P 500 and Nasdaq finished at fresh records on Wednesday following improved inflation data as the Federal Reserve kept interest rates level. The broad-based S&P 500 rose 0.9 per cent to 5,421.03, while the tech-rich Nasdaq Composite Index jumped 1.5 per cent to 17,608.44, the third straight closing records for both indices. The Dow…
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