Posts by Liam Redmond
Yangzijiang Maritime orders 8 giant oil tankers, sells 4 smaller vessels in twin deals
The acquisition will be funded through a combination of equity co-investment and debt financing [SINGAPORE] Yangzijiang Maritime has signed contracts to acquire eight very large crude carrier (VLCC) newbuilds and sell four medium-range tankers, in a pair of transactions that the group said demonstrate its “proven capabilities and track record to originate, build, monetise and…
Read MoreFLCT acquires Dutch logistics facility for 43 million euros
[SINGAPORE] The manager of Frasers Logistics & Commercial Trust (FLCT) announced on Thursday (Apr 16) that it has completed the acquisition of a freehold logistics property in Hapert, the Netherlands, for a gross purchase price of 43 million euros (S$64.4 million). The transaction was finalised on Wednesday through a sale-and-purchase agreement with the vendor, VDG…
Read MoreChina’s Sigenergy shares more than double in Hong Kong debut after HK$4.4 billion IPO
It is the fourth most actively traded stock by turnover on the territory’s bourse Published Thu, Apr 16, 2026 · 07:00 PM [HONG KONG/SINGAPORE] Sigenergy Technology, a Chinese energy storage systems maker, ended 103.4 per cent higher in its Hong Kong market debut on Thursday (Apr 16), after raising HK$4.4 billion (S$715 million) in an…
Read MoreThis Long Beach startup says it has a patch for California’s power problems
Many companies in California struggle to get enough electricity to power their growing businesses. One Long Beach startup just raised $26 million for what it says is a quick fix for that problem. There are limits on how much power each company can draw from the public power grid so fast-growing industries can’t just crank…
Read MoreBrazilian payments unicorn Ebanx makes South-east Asia push
Investments for this year’s expansion will be financed by the firm’s cash on hand Published Thu, Apr 16, 2026 · 05:15 PM [SAO PAULO] Brazilian cross-border payments company Ebanx said it is expanding global operations, with a focus on South-east Asia, strengthening its footprint outside Latin America. Ebanx, which provides Uber, Shein and other global…
Read MoreJapan’s Nikkei closes at record high, wiping out Iran war losses
Published Thu, Apr 16, 2026 · 04:06 PM [TOKYO] Japan’s Nikkei 225 Stock Average ended the day at a new record high, erasing its losses from the Iran war on optimism the new peace talks may hasten the end to the conflict. The blue-chip index rose 2.4 per cent to 59,518.34 as of market close…
Read MoreTSMC’s profit surges 58% on AI-driven chip demand
The Taiwanese chipmaker makes the vast majority of the world’s most advanced semiconductors Published Thu, Apr 16, 2026 · 02:15 PM [TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC) booked a 58 per cent surge in profit, a sign that the Middle East war in its first few weeks did not depress booming artificial intelligence investment. The…
Read MoreMalaysia’s Petronas to supply excess fuel to Australia as leaders vow closer energy ties
The South-east Asia country is widely considered as a global leader in halal processing due to its established certification standards Published Thu, Apr 16, 2026 · 02:02 PM [SYDNEY/KUALA LUMPUR] Malaysia Prime Minister Anwar Ibrahim said on Thursday (Apr 16) that state energy firm Petronas would give priority to providing Australia with its excess fuel…
Read MoreTrump’s quest for more sway over Fed faces fresh hurdles
If the US Senate does not confirm Jerome Powell’s successor by May 15, the Fed chair said he will continue on as “chair pro tempore” Published Thu, Apr 16, 2026 · 01:22 PM AFTER years of criticising the Federal Reserve’s leadership and trying to browbeat policymakers to slash interest rates, President Donald Trump is running…
Read MoreSIA’s dividend capacity will be curtailed if it injects more than expected fund into Air India, says analyst
The Indian airline racks up a wider-than-expected annual loss of more than 220 billion rupees (S$3 billion) for FY2026 [SINGAPORE] Should Singapore Airlines (SIA) inject capital that is more than expected into its associate company Air India, the move could begin to constrain its dividend capacity, DBS Group Research said in a report published on…
Read MoreSBS Transit shares rally past S$4 on bumper dividend, stronger cash flow visibility
Analysts say the expected total dividend of nearly S$0.50 per share implies a 14.4% yield [SINGAPORE] Shares of public transport operator SBS Transit have surged past the S$4 mark for the first time since 2019, trading strongly on the back of an outsized dividend payout and growing investor appetite for stable, yield-generating stocks. On Thursday…
Read MoreWealthy Asians chasing returns pour US$25 billion into AI startups
For Asia’s elite, the allure of generational tech gains is outweighing the risks of a potential bubble Published Thu, Apr 16, 2026 · 10:08 AM ASIA’S wealthiest investors are flooding the artificial intelligence sector with billions in private capital, undeterred by intensifying scrutiny over sky-high valuations in the US. High-net-worth individuals and family offices across…
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