Posts by Mark Darwin
Launch of knowledge hub aims to beef up AI use among financial institutions: Chee Hong Tat
[SINGAPORE] The Monetary Authority of Singapore (MAS) has launched an artificial intelligence (AI) knowledge hub to help the city-state’s financial institutions strengthen their capabilities in the implementation of AI. The resources of the hub, accessible to more than 80 financial institutions, include successful AI use cases curated by industry participants in key areas such as…
Read MoreFerrari lifts the hood on EV tech in maiden electric car
The unveiling offers a glimpse into the brand’s EV future, marking a major milestone in the auto industry’s shift from combustion to battery power [MARANELLO] Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid…
Read MoreUniqlo owner Fast Retailing posts record profit for fourth year
The apparel maker beats its own forecast, with operating profit jumping to 564.3 billion yen [TOKYO] Japan’s Fast Retailing, owner of global clothing brand Uniqlo, booked its fourth consecutive year of record profit on Thursday (Oct 9), citing strong sales in Japan and results in the US that compensated for higher tariffs. Operating profit jumped…
Read MoreClear pathways to growth and prosperity in Asia amid global uncertainty: OCBC’s Tan Teck Long
The ‘golden era of globalisation’ now feels like a distant memory, says the bank’s deputy CEO [SINGAPORE] While the world is facing a landscape marked by geopolitical tensions, trade barriers and technological bifurcation, there are several clear pathways to growth and prosperity, with Asia being central to that journey. Making this point on Thursday (Oct…
Read MoreStocks to watch: Keppel Reit, OUE Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Oct 9): Keppel Reit : The manager of the real estate investment trust (Reit) announced on Thursday that the private placement to raise about S$113 million for the acquisition of Top Ryde City Shopping Centre in Sydney, Australia, has…
Read MoreUS: Wall Street indices open higher with Fed remarks in focus
[NEW YORK] Wall Street’s main indices opened higher on Wednesday (Oct 8) following a blip in a steady rally, as investors awaited fresh clues from Federal Reserve officials on the interest-rate trajectory. The Dow Jones Industrial Average rose 46.3 points or 0.1 per cent at the open to 46,649.32. The S&P 500 rose 9.3 points…
Read MoreSGX securities trading volume surges 50.8% in September on stronger equities demand
[SINGAPORE] The Singapore Exchange (SGX) reported a 50.8 per cent year-on-year rise in its securities turnover volume, as demand for local equities maintained its momentum on the local bourse. The exchange said in a release on Wednesday (Oct 8) that trading volume reached 38.6 billion securities in September, up from 25.6 billion in the same…
Read MoreSingapore stocks track regional decline; STI down 0.4%
Across the broader market, advancers outnumber decliners 310 to 276, after 1.7 billion securities worth S$1.3 billion change hands [SINGAPORE] Local shares ended Wednesday (Oct 8) lower, tracking a broader decline across regional markets. The benchmark Straits Times Index (STI) shed 0.4 per cent or 15.96 points to close at 4,456.30. Yangzijiang Shipbuilding was the…
Read MoreChinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
[HONG KONG] Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter. The Shandong-based company is working with advisers on the possible listing, the people said, asking not to be identified because the information is private. Considerations are preliminary and…
Read MoreGold is booming. From mega vaults to discreet transport, who are the key players in Singapore?
[SINGAPORE] Gold surged into uncharted territory on Wednesday (Oct 8), opening above US$4,000 an ounce for the first time, in a year that has seen it consistently set new records. In the second quarter of 2025, gold investment in Singapore surged 37 per cent year on year, rising to 2.2 tonnes from 1.6 tonnes in…
Read More