Posts by Mark Darwin
Wealthy Silicon Valley investors in line for US$17 billion windfall in US senate Republican tax Bill
[NEW YORK] Silicon Valley’s favourite tax break may be getting an upgrade. Venture capitalists, along with successful tech founders and early startup employees, already pay no taxes on billions of US dollars of gains annually, thanks to a lucrative and complicated provision called Qualified Small Business Stock, or QSBS. Now the carve-out could get even…
Read MoreOCBC trims 360 Account interest rates for the second time in 2025
[SINGAPORE] OCBC will cut interest rates for its 360 Account, in line with lower interest rate expectations. With effect from Aug 1, the maximum interest rate of the local lender’s flagship savings account will be lowered to 5.45 per cent per annum on the first S$100,000, from the current 6.3 per cent, based on an…
Read MoreSygnum is sole new unicorn from South-east Asia in H1 2025: Tracxn report
[SINGAPORE] Digital asset group Sygnum has emerged as the sole new unicorn from South-east Asia in the first half of 2025, data platform Tracxn said in a report released on Thursday (Jun 26). The Singapore-based firm attained unicorn status in January 2025, after three rounds of funding and a total of eight investors before its…
Read MoreMystery US$33 billion Chinese medicine fortune collapses in days
[HONG KONG] When Yat-Gai Au was worth US$33 billion on paper, he was not in his Hong Kong office. One week later, when his net worth plunged to US$10.1 billion, he was not around either. Officers at the headquarters of Regencell Bioscience Holdings said both times that Au only takes short visits there, before turning…
Read MoreHDB US$1.5 billion India IPO sold out as wealthy investors pile in
The offering received bids for 242.8 million shares as of Friday (Jun 27) afternoon in Mumbai, versus the 130.4 million shares offered Published Fri, Jun 27, 2025 · 03:19 PM [MUMBAI] HDB Financial Services’ US$1.5 billion initial public offering, one of India’s biggest this year, sold out amid demand from wealthy investors seeking to buy…
Read MoreInfo-Tech Systems launches IPO at S$0.87 apiece, marks SGX’s first mainboard listing in two years
[SINGAPORE] Software services firm Info-Tech Systems has launched its initial public offering (IPO) of 24,856,000 shares at S$0.87 each, in conjunction with its mainboard listing on the Singapore Exchange (SGX). The firm registered its prospectus earlier on Friday (Jun 27) and its shares are expected to begin trading on Jul 4. Info-Tech Systems is the…
Read MoreBumper orders for Xiaomi‘s new SUV heighten threat to Tesla
[SHANGHAI] Exceptionally strong initial orders for Xiaomi‘s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back. The company received 289,000 orders for the YU7 – only its second vehicle and one that undercuts Tesla’s Model…
Read MoreAEM, UMS, Frencken lead semiconductor stock surge; robust weekly gains ride on domestic, global tailwinds
[SINGAPORE] Semiconductor listcos were trading higher on Friday (Jun 27), notching double-digit gains over the week as a slew of domestic and global developments spelt potential tailwinds for the chip industry. A buoyant sector outlook, pushback against tariff threats and the opening of a S$123 million facility enabling Singapore to produce the chips were among…
Read MoreIHH Healthcare unveils S$5 million programme to fund healthcare research and pilot projects
[SINGAPORE] Integrated healthcare provider IHH Healthcare on Friday (Jun 27) announced the launch of a S$5 million programme to fund clinical research and pilot projects across its network. Funds under the Research Grant & Innovation Sandbox programme will be disbursed over five years, empowering IHH clinicians and employees to pursue clinical research and to pilot…
Read MoreChina confirms trade deal framework reached with United States
[BEIJING/WASHINGTON] China confirmed on Friday (Jun 27) details on the framework of a trade deal with the US, saying Washington would lift “restrictive measures” while Beijing would “review and approve” items under export controls. A top priority for Washington in talks with Beijing had been ensuring the supply of the rare earths essential for products…
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