Posts by Mark Darwin
Appeals Court partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags
[SINGAPORE] The Court of Appeal has partially allowed an appeal by Goh Jin Hian against having to pay damages for breaching his duty of care as a then-director of the insolvent marine fuel supplier, Inter-Pacific Petroleum (IPP). The court ruled on Thursday (Jun 5) that Goh had breached his duty of care as a result…
Read MoreIndia central bank set to deliver third straight rate cut to lift growth
[NEW DELHI] India’s central bank will likely cut interest rates for the third straight meeting to boost growth, with market watchers focused on the extent of easing in this cycle. The Reserve Bank of India will lower the benchmark repurchase rate by 25 basis points to 5.75 per cent, according to all but one of…
Read MorePeter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator
[SINGAPORE] Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly wrongfully and fraudulently extracting and transferring value out of Laguna National Golf and Country Club to enrich themselves. For their alleged wrongdoing including the Kwees’ breach of fiduciary duties, Laguna National…
Read MoreDBS, UOB back 6.7 trillion rupiah loan facility for data centre campus in Batam’s Nongsa Digital Park
[SINGAPORE] DBS and UOB have jointly provided a 6.7 trillion rupiah (S$530 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia. The project is jointly developed by DayOne, a Singapore-based data centre developer and operator, and the Indonesia Investment Authority, the country’s sovereign wealth fund. It will fund…
Read MoreLaopu Gold’s 2,300% rally faces test after stock hits HK$1,000
A BREATHTAKING rally in Laopu Gold is facing a critical test after its stock price hit HK$1,000 (S$164), a rare milestone that may deter retail investors due to the steep price tag. The jewellery maker soared more than 2,300 per cent since its listing in late June 2024 to set a new record earlier on…
Read MoreChina’s power prices nosedive in relief to tariff-hit factories
[BEIJING] A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught in the crossfire of trade hostilities with the US. In Jiangsu province, the average price for June contracts settled by centralised bidding plunged 24 per cent…
Read MoreStocks to watch: ThaiBev, Far East Orchard
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 5). ThaiBev: The beer maker announced a US$2 billion multicurrency debt issuance programme on Wednesday. The group will issue notes and perpetual securities dominated in any currency agreed upon between the group and relevant dealers under the programme.…
Read MoreWhy Monaco to Hawkfest Is My Ultimate Journey
I’ve mapped out the perfect journey that combines luxury travel with an epic finale to an unforgettable event. Starting in Monaco, we’ll embark on a cross-continental adventure that ends at Hawkfest in Venice Beach – and I couldn’t be more excited about it. The plan is straightforward but ambitious. We begin in Monaco, that glamorous…
Read MoreUS economic activity ebbs, prices rise in Fed’s Beige Book
The report notes that firms with plans to pass along tariff-related costs to consumers expect to do so within three months Published Thu, Jun 5, 2025 · 06:14 AM [NEW YORK] Economic activity declined slightly in the US in recent weeks, indicating tariffs and elevated uncertainty are rippling across the economy, the Federal Reserve said…
Read MoreUS economic activity declines as tariffs pressure prices, Fed says
The report notes that firms with plans to pass along tariff-related costs to consumers expect to do so within three months Published Thu, Jun 5, 2025 · 06:14 AM [NEW YORK] Economic activity declined slightly in the US in recent weeks, indicating tariffs and elevated uncertainty are rippling across the economy, the Federal Reserve said…
Read More