Posts by Mark Darwin
Malaysia’s Anwar says Shell to boost its investments in country by RM9 billion
Published Tue, Jun 17, 2025 · 06:53 PM [KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim said on Tuesday (Jun 17) that Shell has committed to increasing its investments in Malaysia by RM9 billion (S$2.7 billion) over the next two to three years. The boost in Shell’s investments will create high-skilled job opportunities for Malaysians, Anwar…
Read MoreMalaysia’s BNM pledges to ensure ringgit ‘doesn’t run too far’
Published Tue, Jun 17, 2025 · 05:21 PM [kuala lumpur] Bank Negara Malaysia will be on guard to rein in any volatility in the ringgit even as market uncertainty remains high, according to a central bank official. The central bank will ensure markets are properly functioning and the exchange rate “doesn’t run too far,” Deputy…
Read More‘Significantly higher costs’: Great Eastern suspends pre-authorisation certificate for admission to Mount Elizabeth hospitals
The insurer says it is prioritising facilities that deliver the same care with higher transparency and cost effectiveness [SINGAPORE] Insurer Great Eastern (GE) has temporarily suspended pre-authorisation certificates for Mount Elizabeth Hospitals from Tuesday (Jun 17). In a message to its panel doctors, the insurer said that high costs from Mount Elizabeth and Mount Elizabeth…
Read MoreCentral banks favour gold over US dollar for reserves: survey
[LONDON] Central banks around the world expect their gold holdings as a proportion of their reserves to increase over the next five years while expecting their US dollar reserves to be lower, a survey by the World Gold Council (WGC) showed. Gold demand from central banks has risen significantly over the past three years despite…
Read MoreHerbal medicine stock with no sales rallies 64,000%
[NEW YORK] A biotech stock focused on herbal medicine has surged by more than 64,000 per cent so far this year and yet, the company itself has made zero revenue – much less turned a profit. The unbelievable rally has transformed Regencell Bioscience Holdings Limited, a penny stock as recently as April, to one worth…
Read MoreOil prices jump after Trump’s warning, stocks extend gains
[HONG KONG] Oil prices rallied on Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles. Hopes that the deadly conflict can be contained helped most equities rise, while the US president’s earlier claim that the Islamic republic wanted…
Read More‘Attractive valuations:’ DBS says it’s time to buy these industrial S-Reits on easing trade tensions
[SINGAPORE] The tide could soon turn for underperforming industrial Singapore-listed real estate investment trusts (S-Reits) as the sector looks set for a comeback, with attractive opportunities for re-entry, according to a DBS Group Research report on Thursday (Jun 12). Industrial S-Reits have declined by 5 per cent on average in share price since the beginning…
Read MoreAir India crash seen triggering US$475 million in insurance claims
[MUMBAI] India’s deadliest plane crash in more than a decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around US$475 million. “This aviation insurance claim could be one of the biggest in India’s history,” said Ramaswamy Narayanan, chairman and managing director at…
Read MoreSamsung is building a hub for patients to share data with doctors
[NEW YORK] Samsung Electronics plans to develop a hub for users to share health data directly with doctors in between visits, stepping up competition in the technology-driven healthcare race. During appointments, doctors often share recommendations or fitness suggestions – but it’s not always easy to remember the guidance. In an interview, Samsung health executive Dr…
Read MoreMichael Saylor shifts to using preferred shares to buy Bitcoin as criticism rises
[NEW YORK] Michael Saylor’s Strategy bought US$1.05 billion in Bitcoin in the last seven days, the third consecutive week in which the cryptocurrency treasury company has used preferred shares exclusively instead of common stock to fund purchases. The company formerly known as MicroStrategy purchased 10,100 Bitcoin from Jun 9 to Jun 15 at an average…
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