Posts by Liam Redmond
Vin’s Holdings announces probe into irregular payments linked to ex-employee
Early findings show that the ex-employee overrode internal controls to move S$44,300 to an entity he controlled [SINGAPORE] Automotive group Vin’s Holdings has said that it has uncovered irregular transactions to an entity controlled by a former employee of the company. In a bourse filing on Thursday (Apr 23), the Catalist-listed group said the transactions…
Read MoreGoldman seeks over US$20 million from ex-star banker after 1MDB fraud
The bank claims Leissner transferred some money into accounts and shell entities in his wife’s name [NEW YORK] Goldman Sachs Group says its former star banker Tim Leissner collected more than US$20 million in compensation while secretly carrying out one of the largest frauds in history involving 1Malaysia Development Berhad (1MDB) fund. The investment bank…
Read MoreiFast Q1 profit up 49.4% to S$28 million
Revenue is up 49% to S$136.8 million; its wealth management and Hong Kong ePension businesses are more profitable [SINGAPORE] Fintech platform iFast Corporation reported a 47.3 per cent jump in net profit to S$28 million for the three months ended Mar 31, 2026, up from S$19 million in the year-ago period. This was due to…
Read MoreAscott shuts Newton training centre ahead of lease expiry, lays off 6 staff
[SINGAPORE] Ascott, the wholly owned lodging business unit of CapitaLand Investment, is winding down its hospitality training centre in Newton and laying off six trainers and administrative staff. Responding to queries from The Business Times, the hospitality giant said its Ascott Centre for Excellence (ACE) will cease its Continuing Education and Training (CET) programmes from…
Read MoreBP chairman overcomes shareholder backlash to win first election
Published Thu, Apr 23, 2026 · 09:45 PM [LONDON] BP chairman Albert Manifold won his first election, overcoming opposition from shareholders who questioned the board’s transparency after a climate resolution was not allowed to be voted. Slightly more than 81.8 per cent of shareholders voted in favour of Manifold, based on preliminary figures shown at…
Read MoreWall St opens lower on Middle East impasse, mixed earnings
Published Thu, Apr 23, 2026 · 09:43 PM [NEW YORK] Wall Street’s main indexes opened lower on Thursday (Apr 23), with investors hesitant to extend the recent equities rally in the absence of clear signals on the US-Iran war, while a batch of mixed earnings further dented sentiment. The Dow Jones Industrial Average fell 205.2…
Read MoreSuntec Reit Q1 DPU rises 23.9% to S$0.01936 on strong Singapore office, retail performance
Retail revenue gets boost from higher occupancy and rent at Suntec City mall, says manager [SINGAPORE] Suntec Real Estate Investment Trust (Reit) recorded a distribution per unit (DPU) of S$0.01936 for its first quarter ended Mar 31, 2026, up 23.9 per cent from S$0.01563 in the year-ago period. The manager on Thursday (Apr 23) noted…
Read MoreS$8m director pay, Iran war risks among issues raised by Sheng Siong investors ahead of AGM
Asked about declaring special dividend, group says maintaining balance sheet strength is ‘prudent’ [SINGAPORE] Grocery store operator Sheng Siong said it sees further room for margin improvement, although the Iran conflict could exert “upward pressure on costs and prices”, in response to shareholder queries ahead of its annual general meeting on Apr 29. “While there…
Read MoreSingapore leads global per capita use of Anthropic’s Claude AI as businesses ramp up adoption: GIC
SINGAPORE ranks as the largest user of Anthropic’s artificial intelligence (AI) model Claude on a per capita basis, highlighting the Republic’s rapid adoption of AI across businesses, Dominic Soon, senior vice-president in private equity at GIC, said on Thursday (Apr 23). Delivering the welcome address at a closed-door event co-hosted by GIC and Anthropic, he…
Read MoreNasdaq quarterly profit rises on trading boom amid volatility
The company’s market services revenue from trading grew 13% to US$317 million Published Thu, Apr 23, 2026 · 08:50 PM [NEW YORK] Nasdaq reported a rise in its first-quarter profit on Thursday (Apr 23), gaining from higher trading volumes as investors scrambled to rebalance their portfolios in an uncertain macroeconomic environment. Artificial intelligence-linked stocks drew…
Read MoreAmex tops estimates as premium card spending stays strong
Published Thu, Apr 23, 2026 · 08:33 PM [NEW YORK] American Express reported earnings that exceeded estimates as spending on the firm’s premium credit cards climbed in the first three months of the year. Billed business – transactions on credit cards and other products issued by the company – increased 10 per cent to US$428…
Read MoreNetflix buying back US$25 billion in stock after share decline
The announcement comes days after the company reported disappointing financial results Published Thu, Apr 23, 2026 · 08:32 PM [LOS ANGELES] Netflix plans to buy back another US$25 billion in stock after a disappointing financial outlook sent shares of the streaming pioneer plunging. The board endorsed the programme, which adds to a share buyback authorised…
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