Posts by Mark Darwin
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
[SINGAPORE] Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg. The sovereign wealth fund is said to be in preliminary discussions with GoTo to acquire a minority stake in the combined entity. The Indonesian government owning a slice of the Grab-GoTo entity could assuage…
Read MoreKeppel divests S$80 million of assets as part of multi-billion dollar monetisation programme
[SINGAPORE] Asset manager Keppel is divesting its stakes in a New-York based company and an integrated agricultural logistics park in China to unlock more than S$80 million from the monetisation of non-core assets, the group said on Friday (Jun 6). This is in line with its S$10 billion to S$20 billion monetisation target by end-2026.…
Read MoreHSBC’s Mark Tucker moves to Hong Kong insurer AIA as chairman
Published Fri, Jun 6, 2025 · 09:17 AM MARK Tucker, HSBC’s former Asia chairman, has been appointed to the same role at Hong Kong-based insurance company AIA Group, the two companies said in separate statements on Friday. Tucker, who previously served as AIA’s chief executive and president from 2010 to 2017, will replace Edmund Sze-Wing…
Read MoreGreat Eastern seeks to delist through OCBC exit offer of $30.15 per share
[SINGAPORE] OCBC has made a S$0.9 billion conditional exit offer at $30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer, which OCBC said on Friday (Jun 6) was made “at the request of Great Eastern”, will resolve the latter’s 11-month…
Read MoreGreat Eastern seeks again to delist with new OCBC exit offer of S$30.15 per share
[SINGAPORE] OCBC has made a S$900 million conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer, which OCBC said on Friday (Jun 6) was made “at the request of Great Eastern”, will resolve the latter’s 11-month…
Read MoreOil settles up as US, China teams to meet following Trump, Xi trade call
[HOUSTON] Oil prices settled higher on Thursday, recovering from the previous day’s drop, on news that the US and China agreed to more trade talks following a phone call between US President Donald Trump and Chinese leader Xi Jinping. Brent crude futures settled up 48 cents, or 0.7 per cent, at US$65.34 a barrel. US West…
Read MoreBreaking Free from the People-Pleasing Trap
Growing up as the fat kid who would do anything to fit in shaped my identity in ways I never fully understood until much later in life. This early experience turned me into what I can only describe as an “incessant people pleaser” – someone who prioritized others’ approval above my own needs and happiness.…
Read MoreUS: Stocks slump as Tesla shares tank on Trump-Musk row
[WASHINGTON] Wall Street stocks tumbled on Thursday as a row between US President Donald Trump and Tesla boss Elon Musk erupted – with the electric vehicle firm’s share price tumbling around 14 per cent. The Dow Jones Industrial Average slumped 0.3 per cent to 42,319.74 and the broad-based S&P 500 Index lost 0.5 per cent to 5,939.30.…
Read MoreApple gives Tata India iPhone repair business as partnership expands: sources
[BENGALURU] Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate’s deepening role in the US tech giant’s supply chain, two people familiar with the matter said. As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier…
Read MoreProcter & Gamble to cut 7,000 jobs over two years in new restructuring plan
[OHIO] Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as the Tide detergent maker navigates uneven demand due to tariff uncertainty. P&G also plans to exit some categories, brands and product forms in individual markets, executives…
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