Posts by Liam Redmond
Koh Brothers Eco Engineering gets in-principle approval to move to SGX mainboard
The proposed transfer is expected to boost group’s visibility, give it access to wider investor base [SINGAPORE] Koh Brothers Eco Engineering has received in-principle approval to transfer its listing from the Catalist board to the mainboard of the Singapore Exchange, the sustainable engineering solutions provider said on Wednesday (Jul 1). The proposed transfer – first…
Read MoreSGX to roll out post-trade custody model, changes to bid mechanics in July, cut board lots in October
Investors will be able to buy single units of instruments priced above S$100 when the change kicks in [SINGAPORE] The Singapore Exchange (SGX) will allow depository agents to hold SGX-listed securities on behalf of clients in omnibus broker custody accounts from Jul 15, the bourse announced on Wednesday (Jul 1). The adoption of broker custody…
Read MoreTemasek-backed Foundation Healthcare seeks to raise S$242 million in mainboard IPO
[SINGAPORE] Private healthcare group Foundation Healthcare Holdings (FHH) on Wednesday (Jul 1) said it is seeking to raise S$242 million for its initial public offering (IPO) on the mainboard of the Singapore Exchange (SGX). Net proceeds from the offering will mainly fund investments in and acquisitions of specialist practices and medical centres in Singapore; investments…
Read MoreBYD’s sales rise for second month, buoyed by exports
Published Wed, Jul 1, 2026 · 08:00 PM [BEIJING] Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market. Total sales rose 5.5 per cent from a year earlier to 403,472 vehicles last month, according to…
Read MoreUOB, quantum technologies centre partner to explore quantum computing for derivatives valuation
Large-scale simulation methods are being used currently but they can be time and resource-intensive [SINGAPORE] UOB is working with Singapore’s Centre for Quantum Technologies (CQT) to assess how quantum computing could process large volumes of scenarios more efficiently under certain conditions. This will make derivatives valuation faster, more precise and more scalable. In the initial…
Read MoreSingapore’s BDx says open to an IPO as AI boom fuels Asia expansion
It is looking at expansion opportunities across Apac, broadly within a five-hour flight radius of Singapore Published Wed, Jul 1, 2026 · 07:36 PM [SINGAPORE] BDx Data Centers said an initial public offering is among its options as it seeks capital to expand across Asia and make the most of surging demand for artificial intelligence.…
Read MoreGoldman flags oil surplus even as nations rebuild stockpiles
Crossings through Hormuz have picked up despite attacks on two vessels in recent days Published Wed, Jul 1, 2026 · 07:11 PM THE global oil market is set to swing back into oversupply as the impact of the Iran war fades and traffic through the Strait of Hormuz recovers, according to Goldman Sachs. While purchases…
Read MoreGas giants use AI to raise prices, lawsuit says, another algorithmic hit to the cost of living
A federal lawsuit alleging that gas companies in California are colluding to keep prices high through their use of AI-powered software will test the state’s antitrust law at a time of growing concerns about the effects of technology on the high cost of living. Filed on behalf of three drivers last week, the proposed class-action…
Read MoreNew IPO aspirants signal renewed listing activity on SGX
Flurry points to continued momentum buoyed by government measures to revitalise the local bourse [SINGAPORE] A fresh burst of initial public offering activity hit the Singapore Exchange (SGX) on Tuesday (Jun 30), with two companies filing preliminary prospectuses for mainboard listings. Logistics solutions provider All-Link Air & Sea and electrical infrastructure specialist EGP Energy Corporation…
Read MoreCathay Financial apologises, bans bosses from outside roles
This follows the resignation of its banking chief, whose external directorship led to a regulatory breach Published Wed, Jul 1, 2026 · 04:18 PM [TAIPEI] Taiwan’s biggest financial conglomerate will prohibit senior executives at its subsidiaries from taking external positions following a scandal that has led to the resignation of its banking chief and millions…
Read MoreVertiv opens Malaysia plant to meet AI data centres’ power needs
It will keep clients’ data centres running in South-east Asia, North Asia, Australia and New Zealand Published Wed, Jul 1, 2026 · 02:55 PM [SINGAPORE] US data centre equipment maker Vertiv opened a factory in Malaysia, underscoring the rapid pace of artificial intelligence infrastructure build-out in the Asia-Pacific. The facility in Johor, directly north of…
Read MoreGlobal M&A tops US$2.5 trillion after first-half deals surge
[NEW YORK] The year was tipped to be a potential blockbuster in deals and the first half delivered, setting a pace that is likely to continue in the closing months of 2026. From well-known food products to power grids and everywhere in between, chief executives, boards and the bankers that back them served up a…
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