Posts by Mark Darwin
Frasers Logistics & Commercial Trust’s portfolio occupancy falls to 92.5%
[SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Thursday (Jul 31) reported a lower portfolio occupancy of 92.5 per cent as at Jun 30, down 1.4 percentage points from 93.9 per cent a quarter earlier. The real estate investment trust also leased around 100,707 square metres in its third quarter ended Jun 30, its manager…
Read MoreDel Monte Pacific hit by nearly US$800 million in losses from US unit collapse
[SINGAPORE] Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, on Thursday (Jul 31) unveiled a net loss of US$742.1 million for its fourth quarter ended Apr 30, 2025, bringing its full-year net loss for FY2025 to US$892.4 million. This came on the back of US$787.8 million in losses booked…
Read MoreStanChart CEO says ‘shame on’ big banks quitting net zero group
[LONDON] The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their commitment to achieving net zero emissions. “Shame on them,” he said during a call with journalists after StanChart released its second-quarter results on Thursday (Jul 31). The comments follow a mass exodus by…
Read MoreAcquisitions: The Secret to Exponential Growth
Over the past few years, I’ve led Hawk Media through the acquisition of more than 20 companies—other agencies with amazing talent. This wasn’t just a random buying spree; it was a strategic approach to building something greater than the sum of its parts. At Hawk, our mission is clear: to become the best marketing partner…
Read MoreSingtel’s NCS seeks to hire up to 200 fresh graduates this year
[SINGAPORE] NCS will remain committed to hiring between 150 and 200 fresh graduates this year, said chief executive officer Ng Kuo Pin. This is similar to previous hiring numbers. The hires will come from different educational backgrounds, and not just solely those with artificial intelligence (AI) expertise, Ng added. In an exclusive interview with The…
Read MoreJPMorgan raises STI target, upgrades real estate sector
[SINGAPORE] Analysts from JPMorgan raised their target on the Straits Times Index (STI), with a higher base and bull target of 4,500 and 5,000, respectively. They also reiterated that Singapore’s equities market is their No 1 “overweight” market in South-east Asia. This comes on the back of interest rate declines, positive tariff news flows, and…
Read MoreGold holds dip as traders pare rate cut bets on US job strength
Published Fri, Jul 25, 2025 · 10:42 AM GOLD held a decline on Friday – but remained on track for a small weekly gain – as resilient US jobs data reinforced views that the Federal Reserve will hold interest rates next week. Bullion traded near US$3,370 an ounce, following a 0.6 per cent loss on Thursday…
Read MoreUS prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say
[HOUSTON] The United States is preparing to grant new authorisations to key partners of Venezuela’s state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned Opec nation and swap oil, five sources close to the matter said on Thursday. If granted, the authorisations to the US oil major, and possibly also…
Read MoreChina Everbright Water appoints new CEO, sets up sustainability committee
Xiong Jianping succeeds outgoing chief Tao Junjie, who has been at the helm for nearly four years [SINGAPORE] Water environmental management company China Everbright Water has appointed Xiong Jianping, 46, as its chief executive officer and executive director. He succeeds Tao Junjie, 59, who stepped down from both positions. The company also announced on Thursday…
Read MoreOil prices steady with trade talks in focus
[NEW YORK] Oil prices were little changed on Wednesday as investors assessed trade developments between the European Union and the US after President Donald Trump reached a tariff deal with Japan. Brent crude futures settled 8 cents, or 0.12 per cent, lower at US$68.51 a barrel, while US West Texas Intermediate crude futures were down 6…
Read More