Posts by Swedan Margen
Kuok Maritime Group’s PaxOcean opens S$200 million Jurong shipyard
[SINGAPORE] Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under Malaysian billionaire Robert Kuok’s Kuok Group. The shipyard, situated in Jurong Industrial Estate, spans about 17.3 hectares and features two large dry docks, one floating dock, expanded quayside capacity and integrated workshops…
Read MoreKuok Maritime Group’s PaxOcean opens S$200 million Jalan Samulun shipyard
[SINGAPORE] Kuok Maritime Group subsidiary PaxOcean on Friday (Feb 6) opened a S$200 million shipyard at 5 Jalan Samulun. The company falls under Malaysian billionaire Robert Kuok’s Kuok Group. The shipyard, situated in Jurong Industrial Estate, spans about 17.3 hectares and features two large dry docks, one floating dock, expanded quayside capacity and integrated workshops…
Read MorePennsylvania Olive Garden Cook Commits Suicide by Diving Head First into Restaurant’s Deep Fryer
An Olive Garden employee has reportedly died by suicide after an incident involving kitchen deep fryers. As reported by The Smoking Gun, last Friday (Jan. 30), a male cook at the restaurant’s Williamsport, Pennsylvania, outlet died after suffering severe burns. According to the dispatch audio from the Lycoming County fire and EMS service, the man…
Read MoreLuckin Coffee’s PE owner gains more control over Chinese chain
The company’s American depositary receipts have gained 24% in the past 12 months Published Fri, Feb 6, 2026 · 12:51 PM [HONG KONG] Centurium Capital consolidated its holding in Luckin Coffee to tighten control over China’s biggest coffee chain. The China-focused investment firm acquired 136.2 million Class B shares from Lucky Cup Holdings, an investment…
Read MoreNancy Guthrie: Teens Charged in Arizona Home Invasion Linked to $66 Million-Dollar Cryptocurrency Plot on Same Day as Suspected Kidnapping
As the search for 84-year-old Nancy Guthrie enters into its sixth day, federal and local investigators are looking into all possible links to the mysterious disappearance of the “Today” show host Savannah Guthrie’s mother, who was reported missing on Sunday. As reported by The Tribune, two teens from San Luis Obispo County, California, were arrested…
Read MoreWho Is Derrick Callella? Man Who Sent Bitcoin Ransom Note to Nancy Guthrie’s Family Is Ex-LA County Staff Who Stole Unemployment Benefits
A California man accused of sending fake ransom messages to the family of Savannah Guthrie regarding her missing mother has been arrested and formally charged, according to a criminal complaint filed on Thursday. The note turned out to be fake as Nancy Guthrie remains missing, with law enforcement still clueless. Derrick Callella, a man in…
Read MoreJapan’s Kirin sells Four Roses bourbon as US whisky market cools
Concerns over the impact of US President Donald Trump’s tariffs also continue to weigh on the sector Published Fri, Feb 6, 2026 · 12:05 PM [TOKYO] Japanese brewer Kirin Holdings said that it will sell its Four Roses bourbon brand to E&J Gallo Winery for as much as US$775 million, as the Japanese brewer pivots…
Read MoreSingapore bets on K-pop’s soft power for long-term tourism and branding gains
Upcoming BTS concerts expected to lift tourism, though economic impact may be shy of Taylor Swift’s Eras tour effect [SINGAPORE] Exclusive concert deals, destination partnerships and a K-pop training academy – Singapore is betting big on South Korean pop culture as part of a longer-term push to boost tourism and reinforce its position as a…
Read MoreFormer Japan currency chief says FX intervention should be backed by rate hikes
Nakao warned that the yen could weaken further if the BOJ was slow to raise interest rates Published Fri, Feb 6, 2026 · 11:22 AM [TOKYO] Currency intervention using Japan’s foreign exchange reserves can deliver an immediate jolt to markets, but its impact would be more durable if accompanied by steady rate hikes, a former…
Read MoreGold, silver extend losses on global tech rout, firmer dollar
Investors expect at least two 25-basis-point rate cuts in 2026, with the first one expected in June Published Fri, Feb 6, 2026 · 11:12 AM [BENGALURU] Gold and silver extended losses on Friday (Feb 6) as a global rout in tech equities and a stronger US dollar wiped out most gains made by the metals…
Read MoreInside Singapore’s largest silver vault: How is the metal stored and handled?
[SINGAPORE] It’s not just gold; interest in silver has also picked up among investors here and globally. The white metal’s price crossed US$100 per troy ounce on Jan 23. Since then, though, volatility in the prices of precious metals, including gold, has spiked. Silver has fallen after a fierce rally at the beginning of the…
Read MoreUber ordered to pay US$8.5 million in trial over driver sex assault claims
The company maintains that its drivers are independent contractors rather than employees Published Fri, Feb 6, 2026 · 10:48 AM A US jury ordered Uber on Thursday to pay US$8.5 million after finding it liable in a lawsuit brought by a woman who said she was sexually assaulted by a driver when she was 19,…
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