Posts by Mark Darwin
Energy Market Authority chairman Richard Lim to step down; ex-perm sec Tan Ching Yee to assume role
[SINGAPORE] Energy Market Authority (EMA) chairman Richard Lim, 71, will step down in September after leading the board for five years. Lim will relinquish his appointment on Sep 30, the Ministry of Trade and Industry (MTI) said on Friday (May 30). He will be succeeded by former permanent secretary of the Prime Minister’s Office for…
Read MoreIHH Healthcare revenue could soften on medical inflation measures
[SINGAPORE] IHH Healthcare will likely face “some softening of (patient admissions) and revenue” from measures the group has implemented to combat medical inflation in Malaysia, but the situation has “improved considerably”, said its group chief executive Dr Prem Nair on Friday (May 30). The group is now negotiating directly with insurers, offering more packages and…
Read MoreAsia: Markets reverse as appeals court gives Trump tariffs reprieve
[HONG KONG] Asian shares fell on Friday after a US appeal court gave Donald Trump’s sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional. The losses reversed a rally across world markets the previous day as analysts warned that the legal wrangling could compound volatility and…
Read MoreJardine Matheson Holdings names Lincoln Pan as CEO-designate ahead of group managing director John Witt’s retirement
[SINGAPORE] Hong Kong-based conglomerate Jardine Matheson Holdings on Thursday (May 29) announced the appointment of Lincoln Pan as chief executive-designate, as group managing director John Witt will retire from the company in late-November. Pan is a partner, co-head of private equity and member of the group executive committee at alternative investment business PAG. He assumes…
Read MoreUS asks judge to dismiss criminal charge over Boeing 737 Max crashes
Published Fri, May 30, 2025 · 08:40 AM THE US Justice Department asked a federal judge in Texas to dismiss its criminal case against Boeing over two fatal crashes of its 737 Max jets more than six years ago, despite objections of family members of some crash victims. The move disclosed on Thursday in a court filing…
Read MoreUS: Stocks rise as market weighs tariff ruling
Published Fri, May 30, 2025 · 06:22 AM [NEW YORK] Wall Street stocks finished modestly higher on Thursday following strong earnings from Nvidia as a judicial ruling added to uncertainty about President Donald Trump’s tariffs. Nvidia jumped 3.3 per cent after reporting a mammoth US$18.8 billion in quarterly profits, even with a multi-billion dollar hit from US…
Read MoreThe Myth of the Young Entrepreneur: Why Experience Matters
We’ve all heard the romanticized tales of teenage dropouts who build tech empires from their garages and become billionaires before they’re old enough to rent a car. This narrative has become so pervasive that it’s created a harmful bias in the entrepreneurial ecosystem – one that I believe is holding back innovation and investment. The…
Read MoreIndependent financial adviser appointed for partial offer for Cordlife
[SINGAPORE] Cordlife has appointed Novus Corporate Finance as the independent financial adviser for a voluntary conditional cash partial offer it has received from a Thai company, said the private cord-blood bank on Thursday (May 29) in a bourse filing. Medeze Treasury, a wholly owned subsidiary of Thai-listed stem cell company Medeze Group, had offered to…
Read MoreIHH Healthcare Q1 profit falls 33% to RM514 million on exceptional items
[SINGAPORE] Integrated healthcare operator IHH Healthcare on Thursday (May 29) posted a 33 per cent fall in net profit to RM514 million (S$156.3 million) for its first quarter ended Mar 31, from RM768 million the year before. The drop came mainly from a lower net monetary gain from the application of MFRS 129, and the…
Read MoreNTT Docomo to buy SBI’s net bank for 420 billion yen in cutthroat market
The move is part of a capital alliance between the state-backed telecom group and SBI Holdings Published Thu, May 29, 2025 · 05:35 PM [TOKYO] NTT Docomo is buying SBI Holdings’ online bank in a 420 billion yen (S$3.7 billion) deal to shore up the Japanese mobile carrier’s financial offerings in a hyper-competitive market. Nippon…
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