Posts by Liam Redmond
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
[SINGAPORE] Offshore and marine player Seatrium is eyeing more than S$28 billion in project opportunities over the next two years, as the Middle East conflict escalates the global race to secure energy supply. Higher oil prices are providing “a supportive environment for offshore energy infrastructure investments”, said Seatrium CEO Chris Ong on Friday (May 29).…
Read MoreSeatrium posts S$15.5 billion net order book for Q1
[SINGAPORE] Seatrium reported a net order book of S$15.5 billion across 24 projects for its first quarter ended Mar 31, 2026, with delivery dates till 2033. According to the business update released on Friday (May 29), during the period, two legacy projects – the trailing suction hopper dredger Frederick Paup to Manson Construction and the…
Read MoreCapitaLand Ascott Trust to divest The Robertson House for S$360 million
[SINGAPORE] CapitaLand Ascott Trust (Clas) will sell its upscale hotel, The Robertson House by The Crest Collection, to an unrelated third party for S$360 million, it said on Friday (May 29). The hotel, located along Unity Street in Singapore, will be divested at 4 per cent above book value, and an exit yield of 2.3…
Read MoreGold holds gain as US-Iran ceasefire extension calm inflation fears
Published Fri, May 29, 2026 · 08:08 AM GOLD held a gain after reports that the US and Iran had reached a tentative deal to extend a ceasefire and work toward an agreement to end the Middle East war eased inflation concerns. Bullion traded around US$4,495 an ounce, after closing up 1 per cent on…
Read MoreUS imposes fresh sanctions on Iran’s military oil sales
8 vessels involved in transporting Iranian crude oil and petroleum products to global markets were also sanctioned Published Fri, May 29, 2026 · 07:43 AM [WASHINGTON] The US said on Thursday (May 28) it has imposed new sanctions on Iran’s military oil trade, even as Washington and Teheran reached a tentative agreement to extend their…
Read MoreSGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears
Companies face heightened regulatory risks and the scale of policy roll-out poses execution hurdles: analysts [SINGAPORE] Shares of Singapore Exchange (SGX)-listed palm oil players have come under pressure after Indonesia unveiled plans to centralise exports of key natural resources through a state-owned enterprise. The move has raised fresh concerns over policy risks for plantation firms…
Read MoreNot beyond compare: Genting Singapore’s weak hand is getting harder to hide
It’s hard not to compare RWS with its high-flying rival MBS, even though they target different market segments [SINGAPORE] Every gambler should know when to hold ‘em, when to fold ‘em, when to walk away, and when to run, according to Kenny Rogers’ classic song. This sagely advice could not be more appropriate for Genting…
Read MoreBYD debuts China’s most advanced EV chip in smart-driving push
The most advanced chip globally is the 2nm N2 node made by Taiwan Semiconductor Manufacturing Company Published Fri, May 29, 2026 · 06:48 AM BYD, the world’s largest electric vehicle maker, unveiled a series of technology advances, including what it calls China’s first automotive-grade four-nanometre (nm) chip for self-driving cars. The semiconductor breakthrough approaches the…
Read MoreOil falls over 1% on reports of potential US-Iran ceasefire deal
Traffic through the maritime chokepoint remains a small fraction of the pre-war level Published Fri, May 29, 2026 · 06:15 AM — Updated Fri, May 29, 2026 · 12:52 PM [SINGAPORE] Oil futures fell more than 1 per cent on Friday (May 29) and were on track for their steepest weekly decline since early April,…
Read MoreOil prices settle in mixed direction on conflicting reports of US-Iran ceasefire deal
Traffic through the maritime chokepoint remains a small fraction of the pre-war level Published Fri, May 29, 2026 · 06:15 AM [NEW YORK] Oil prices settled mixed on Thursday (May 28) after a choppy trading session, as traders mulled conflicting reports of progress on a potential deal to extend a ceasefire between the US and…
Read MoreS&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
Renewed confidence in AI and earnings growth momentum have underscored the recent rally despite the Middle East tensions Published Fri, May 29, 2026 · 05:52 AM [NEW YORK] The S&P 500 and the Nasdaq posted record closing highs on Thursday (May 28) after news reports said that the US and Iran had reached a draft…
Read MoreEuropean shares dip as Middle Eastern developments keep investors wary
Rising energy prices and geopolitical uncertainty have clouded the central bank’s rate outlook Published Fri, May 29, 2026 · 05:38 AM [BENGALURU] European shares closed lower on Thursday (May 28), though they pared steeper losses after a report on news outlet Axios said that the United States and Iran had agreed to extend a ceasefire…
Read More