Posts by Mark Darwin
Citigroup names Bank of America veteran Zhang as new China country head
Published Mon, Jun 2, 2025 · 01:50 PM [HONG KONG] Citigroup said on Monday (Jun 2) that it had appointed Wenjie Zhang as its new country officer and banking head for China, after the exit of its former China head in November. Zhang was also named president and executive director of Citibank China, the company…
Read MoreECB expected to cut rates again as Trump trade war rumbles on
[FRANKFURT] The European Central Bank (ECB) is expected to deliver its seventh-straight interest rate cut this week as US President Donald Trump’s volatile trade policies add to headwinds for the sluggish eurozone. Even before Trump unleashed his on-off tariff onslaught on the world, the ECB had been bringing borrowing costs down as inflation eased. Worries…
Read MoreGrand Venture Tech shares up 11.9% on paused Malaysian listing amid potential share offer
It had announced that it was pausing the proposed secondary listing of its shares on the Bursa Malaysia Securities Berhad [SINGAPORE] Grand Venture Technology (GVT) shares soared on Monday (Jun 2) morning after the company said it would pause its proposed secondary listing in Malaysia amid a potential transaction that could lead to an offer…
Read MoreTung Lok Restaurants H2 profit falls 52.1% to S$853,000 amid F&B industry woes
[SINGAPORE] Tung Lok Restaurants on Friday (May 30) posted net profit of S$853,000 for its second half ended March, a 52.1 per cent decline from S$1.8 million in the year-ago period. This translated to earnings per share of S$0.0031, a 52.3 per cent fall from S$0.0065 previously. Revenue for H2 was down 8 per cent…
Read MoreStamford Land H2 profit falls 14.2% to S$17.6 million amid softer market, Australian dollar depreciation
[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago period. Earnings per share (EPS) stood at S$0.0119, down from S$0.0138. This came amid a 6.5 per cent decline in revenue, which came in at S$78.3…
Read MoreThailand’s stalled cash handout scheme sours voters on ruling party
[BANGKOK] Rungthiwa Pimphanit waited months for a long-promised cash handout of 10,000 baht (S$395) from Thailand’s ruling party, which she backed in 2023 elections, but now the scheme to stimulate a stalling economy has been put on ice. “I’m very disappointed and angry,” said the 34-year-old government employee from the northeastern province of Nong Bua…
Read MoreDubai expects to shine in times of volatility due to stability, talent attraction
[DUBAI] Towering skyscrapers, luxury megamalls, and sprawling beach resorts. Dubai has consistently been one of the top cities for expat migration, and it is showing no signs of slowing down. Even as uncertainty in global trade relations and US tariffs weigh on business sentiments worldwide, Dubai will likely be able to grow due to…
Read MoreChinese economy stays challenged but some consumer stocks offer potential: BOA
[SINGAPORE] While headwinds persist for the Chinese economy and consumer confidence stays low, a select range of stocks could defy broader market trends and outperform their peers, said the Bank of America (BOA). Despite improved market sentiment, the Chinese economy remains saddled by challenged consumption growth and elevated youth unemployment alongside deflationary pressures, BOA analysts…
Read MoreSolar, wind energy could power a third of Asean data centres in 2030: report
[SINGAPORE] Solar and wind energy could power up to a third of data centres in South-east Asia in 2030 via power grids and without the need for batteries, said a report by energy think-tank Ember. “This indicates that high battery costs are not an immediate barrier to adopting these electricity sources for data centres,” said…
Read MoreWhy Daydreaming is Essential for Creativity and Mental Health
I recently found myself in that familiar state—lost in a daydream, mentally wandering through fields of possibilities while the world continued around me. “I fell asleep and ate the flowers for a couple of hours,” as the saying goes. This mental departure from reality, this temporary escape, is something we often feel guilty about. But…
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