Posts by Mark Darwin
OpenAI, Oracle to add 4.5GW US data centre capacity in AI expansion
Published Tue, Jul 22, 2025 · 07:41 PM [SAN FRANCISCO] OpenAI and Oracle announced they will develop 4.5 gigawatts of additional US data centre capacity in an expanded partnership, furthering a massive plan to power artificial intelligence workloads. OpenAI has yet to name the data centre sites it will codevelop with Oracle, but states including…
Read MoreTemasek unit Azalea is back with another PE-based bond offering – Astrea 9
[SINGAPORE] Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity (PE) funds. The indicative total size of the new issuance, Astrea 9 Private Equity Bonds, is US$780 million. It is about 48 per cent of the underlying PE portfolio valued at…
Read MoreWing Tai unveils Hong Kong CBD mixed-use development joint venture with CSI Properties
The project will feature a dual tower structure, comprising a 28-storey office tower with some 10,600 sq ft of gross floor area and a luxury international hotel tower [SINGAPORE] Real estate developer Wing Tai announced its joint venture with Hong Kong-listed CSI Properties, a mixed-use development in the Hong Kong central business district set to…
Read MoreWing Tai Properties unveils Hong Kong CBD mixed-use development joint venture with CSI Properties
[SINGAPORE] Real estate developer Wing Tai Properties announced a joint venture with CSI Properties – a mixed-use development in the Hong Kong central business district set to be completed in mid-2026. The placemaking project, named Central Crossing, is a 433,000 square foot (sq ft) development situated at the city’s cultural and lifestyle hub and connected…
Read MoreInstead of being a universal bank across Asean, CIMB wants to have niche in each market: group CEO
[KUALA LUMPUR] CIMB wants to find its niche in each of the markets it operates in, instead of trying to serve every customer segment across Asean, said group chief executive officer Novan Amirudin. The lender, whose home market is in Malaysia, positions itself as an Asean-focused bank and has operations in 10 markets in the…
Read MoreAustralia central bank wary of cutting rates too quickly, prudent to await more data
[SYDNEY] Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of easing in a cautious and gradual manner, a reason that it shocked markets by holding steady this month. Minutes of its Jul 7 to 8 policy meeting showed the majority of the Reserve…
Read MoreLink Reit CEO George Hongchoy to retire after 16 years at company
He plans to step down before June 2026; Link is the largest Reit in Asia and manages a HK$226 billion portfolio [SINGAPORE] The group CEO of Link Asset Management Limited, George Hongchoy, plans to step down before the end of June 2026. Hongchoy has held the CEO position for 16 years and will stay on…
Read MoreChina’s Cosco eyes veto rights in deal for Li Ka-shing’s ports
[HONG KONG] China’s biggest shipping company is set to join the global consortium that’s acquiring Hong Kong tycoon Li Ka-shing’s overseas ports, and is requesting a powerful role in the group in order to secure Beijing’s blessing for the controversial deal, sources familiar with the matter said. State-owned China Cosco Shipping is asking to have…
Read MoreOne of Singapore’s longest-running hedge funds is shutting down on US investor pullback
[SINGAPORE] One of Singapore’s longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US investors in Asia led to a sharp drop in assets. The firm, started by two finance veterans about 16 years ago, saw assets under management plummet to US$615 million as at December, from…
Read MoreNot just DBS or Nvidia: these are the top most-traded stocks in Singapore
[SINGAPORE] The year to date has been marked by significant market volatility, with trade tensions and tariff-related uncertainty acting as key catalysts. Global supply chains have faced persistent disruptions as major economies imposed and responded to tariffs, particularly in sectors like technology and manufacturing. Since coming into office in January, US President Donald Trump has…
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