Posts by Mark Darwin
OCBC stays the course on climate commitment
[SINGAPORE] THE global effort to combat climate change has faced significant headwinds in recent years. Under the Trump administration, the US withdrew from the Paris Agreement, a landmark international treaty to tackle climate change. More recently, several major financial institutions, including American and Japanese banks, exited the Net-Zero Banking Alliance, a coalition committed to aligning…
Read MoreTesla’s China shipments extend slump, bucking broader sales boom
Published Wed, Jun 4, 2025 · 07:43 PM [HONG KONG] Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive officer Elon Musk pledges to renew his focus on the automaker. The EV maker shipped 61,662 Model 3 sedans and Model Y sport utility…
Read MoreWhat to know about China’s rare earth export controls
[BEIJING] Global manufacturers have raised the alarm on China’s decision to curb exports of rare earths alloys, mixtures and magnets. Here is an overview of rare earths and China’s measures: What are they? Rare earths are a group of 17 silvery-white elements. One of their most important uses is in making magnets that power motion…
Read MoreSouth Korean stocks rise to enter bull market, bonds sink after presidential election outcome
[SEOUL] South Korea’s equity benchmark climbed to enter a bull market, after Lee Jae-myung’s widely-expected win in the presidential election ended a months-long political leadership vacuum. The Kospi Index ended 2.7 per cent higher on Wednesday (Jun 4), taking its gain from the April low to more than 20 per cent as investors piled into…
Read MoreSias calls for Singapore Paincare shareholders to await IFA opinion on privatisation offer
[SINGAPORE] The Securities Investors Association (Singapore), or Sias, is urging minority shareholders of Singapore Paincare to hold off on selling their shares amid the proposed privatisation deal. In a statement released on Wednesday (Jun 4), Sias noted that the company could be worth up to S$0.37 per share, which is more than double its…
Read MorePetronas is said to weigh sale of US$7 billion Canada business
Lower oil prices have hit the company, which reported a slide of more than 30% in net income in 2024 and announced job cuts that will start taking place this year Published Wed, Jun 4, 2025 · 01:24 PM [KUALA LUMPUR] Petroliam Nasional (Petronas) is considering options for its Canadian company formerly known as Progress…
Read MoreAsia: Stocks track Wall Street up after jobs data, Seoul surges on Lee win
[HONG KONG] Asian shares extended a global rise on Wednesday following data indicating the US economy remained resilient, with South Korean equities and the won standing out as the election of a new president ended months of political paralysis. Speculation that US President Donald Trump and Chinese leader Xi Jinping will speak this week stoked…
Read MoreJapan’s top banks said to mull joint ATM operation to cut costs
Published Wed, Jun 4, 2025 · 11:29 AM [TOKYO] MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank are considering jointly operating automated teller machines (ATMs) to reduce costs, said sources familiar with the matter. The units of Japan’s three biggest banking groups are discussing details of joint operation, said the sources, who asked not to…
Read MoreCapitaLand Malaysia Trust proposes sale of 435.4 million units to raise RM250 million
[SINGAPORE] The manager of CapitaLand Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Tuesday (Jun 3) proposed a placement of up to 435.4 million new units to raise gross cash proceeds of up to RM250 million (S$75.8 million). This will represent around 14.9 per cent of the total number of units in issue. The…
Read MoreGlobal funds weigh whether Indonesia market rebound was too fast
[JAKARTA] Indonesia’s financial markets have bounced back after a torrid few months, sparking a debate on whether the rally can last. RBC BlueBay says any inflows into Indonesian bonds will remain tactical until there’s more clarity on how the government will fund its growth plans, while Mirae Asset Sekuritas Indonesia warns that the recent rally…
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