Posts by Mark Darwin
Sembcorp wins solar energy project to supply power in India
[SINGAPORE] Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will supply solar power and support peak electricity demand for four hours per day through a 300 megawatt-hour battery energy storage system (Bess) once the project…
Read MoreSembcorp unit wins solar energy project to supply 150 MW of power in India
[SINGAPORE] Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will develop, own and operate the project and supply 150 megawatts (MW) of solar power to SJVN over a 25-year period, subject to the execution of a…
Read MoreUS to ban foreign officials over ‘flagrant censorship’ on social media
[WASHINGTON] The US will impose visa bans on foreign nationals it deems to be censoring Americans, Secretary of State Marco Rubio said on Wednesday, and he suggested the new policy could target officials regulating US tech companies. Rubio did not name any specific instances of censorship. But US tech companies and the Trump administration have challenged US…
Read MoreChevron to cut 200 jobs in Texas
Published Thu, May 29, 2025 · 08:23 AM — Updated Fri, May 30, 2025 · 07:22 AM [HOUSTON] Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil producer’s plan to cut up to 20 per cent of its global workforce…
Read MoreUS firms plan to pass Trump tariff costs to consumers: Federal Reserve minutes
[WASHINGTON] US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to minutes of the bank’s most recent rate decision. Since returning to office in January, Trump has embarked on a stop-start tariff rollout that has unnerved investors and shaken global financial markets. The Fed‘s…
Read MoreApple to rebrand its device operating systems to mark major overhaul
[LOS ANGELES] Apple is planning the most sweeping change yet to its operating system names, part of a software overhaul that extends to all its devices. The next Apple operating systems will be identified by year, rather than with a version number, according to sources with knowledge of the matter. That means the current iOS…
Read MoreHP plunges after cutting profit outlook on tariffs, economy
[SEATTLE] HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings forecast, pointing towards a weaker economy and continuing costs from US tariffs on goods from China. Earnings, excluding some items, will be 68 US cents to 80 US cents a…
Read Moremm2 Asia to sell 21.02% of its stake in subsidiary Vividthree to PE fund for S$1.7 million
[SINGAPORE] Mainboard-listed media company mm2 Asia on Wednesday (May 28) entered into a sale and purchase agreement with private equity fund Hildrics Asia Growth Fund VCC to dispose of 21.02 per cent of its stake in subsidiary Vividthree Holdings for S$1.7 million. mm2 Asia currently holds about 29.9 per cent of the total issued and…
Read MoreSingapore shares buck regional trend; STI up 0.4%
[SINGAPORE] Shares on the Singapore bourse ended higher on Wednesday (May 28), even as other regional markets languished in the red. In Singapore, the benchmark Straits Times Index (STI) rose 0.4 per cent or 15.83 points to 3,911.92. Across the broader market, advancers edged out decliners 233 to 224, after 1.2 billion securities worth S$1.2…
Read MoreNissan offers buyouts to US workers, halts global pay rises, internal e-mails show
[TOKYO] Japan’s Nissan has started offering buyouts to US workers and has suspended merit-based wage increases worldwide, internal e-mails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets. CEO Ivan Espinosa announced a new round of cost cuts this month that include closing seven production sites globally and…
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