Posts by Liam Redmond
Property group Lee Kim Tah reaches settlement with ex-director in ongoing misconduct probe
This relates to allegations of ex-CapitaLand employees in India accepting bribes, kickbacks from a JV subsidiary [SINGAPORE] Singapore-based property and real estate group Lee Kim Tah (LKT) has reached a settlement with a former director it had sued. It said that the former director, Edmund Cheah, will now cooperate in ongoing investigations into L&W Construction,…
Read MoreStarbucks Korea top executives apologise as as ‘Tank Day’ promotion boycott hits revenue
Published Tue, May 26, 2026 · 11:00 AM [SEOUL] Top executives issued public apologies and warned of “substantial” declines in revenue after Starbucks Korea was hit with a boycott campaign in response to a botched promotional event that referenced a highly-sensitive 1980s massacre to sell tumblers. Shinsegae Group chairman Chung Yong-jin bowed three times at…
Read MoreTaiwan overtakes India as the world’s fifth-largest stock market
The island’s ascent through the global equity rankings has been largely driven by chipmaker TSMC Published Tue, May 26, 2026 · 10:44 AM TAIWAN has overtaken India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC). The island’s market capitalisation climbed to US$4.95 trillion…
Read MoreShares of Sats up over 5% after posting rise in Q4 earnings
[SINGAPORE] Shares of Sats on Tuesday (May 26) morning were trading more than 5 per cent higher, after the company posted a 31 per cent year-on-year rise in net profit to S$50.7 million for the fourth quarter ended Mar 31. The counter opened just over 2 per cent higher at S$3.47, before hitting S$3.55 at…
Read MoreShares of Sats up 6.4% after posting rise in Q4 earnings
[SINGAPORE] Shares of Sats on Tuesday (May 26) morning were trading higher, after the company posted a 31 per cent year-on-year rise in net profit to S$50.7 million for the fourth quarter ended Mar 31. The counter rose as high as S$3.60 as at 11.25 am, up 6.4 per cent or S$0.23, with 14.4 million…
Read MoreChina traders rush for exit after cross-border flow crackdown
Published Tue, May 26, 2026 · 08:40 AM CHINESE investors are rushing to find alternative ways to buy and sell overseas equities after Beijing launched its most forceful crackdown on illicit cross-border stock trading to stem capital outflows. Richard Wang, who works in artificial intelligence in the US and has around US$120,000 in stock holdings…
Read MoreChinese tech giants dangle record pay packets to court Singapore-trained AI graduates
China’s recruitment drive reflects a stark talent shortage in its all-important AI industry [SINGAPORE/SHENZHEN] On a weekday afternoon in April, PhD students at Nanyang Technological University (NTU) were bundled onto buses and ferried to a Huawei research centre in Buona Vista for technical talks, chats with engineers, and what the company called informal networking. A…
Read MoreEven after a Strait of Hormuz deal, moving 1,500 ships won’t be easy
For now, some in the shipping industry are sceptical about the prospects of a deal to reopen the strait Published Tue, May 26, 2026 · 06:31 AM [LONDON] When the Strait of Hormuz finally reopens, shipping companies will need to know which oil tankers get to start moving first, and whom to ask for the…
Read MoreOil tumbles nearly 7% as US and Iran seen moving closer to deal
Published Tue, May 26, 2026 · 05:54 AM [CALGARY] Oil prices fell nearly 7 per cent on Monday (May 25) as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Teheran played down hopes for an imminent breakthrough.…
Read MoreBoustead more than doubles H2 profit to S$197.7 million
Full-year earnings are up 145%; the board proposes a final ordinary dividend of S$0.04 a share [SINGAPORE] Engineering and technology group Boustead Singapore’s net profit for its second half ended Mar 31 grew 235 per cent to S$197.7 million from the year-ago period. This came on the back of revenue rising 43 per cent to…
Read MoreFrasers Logistics & Commercial Trust grows presence in Europe with 4 property acquisitions
The agreed purchase price of about 294.9 million euros represents a 1.5% discount to their appraised value [SINGAPORE] Frasers Logistics & Commercial Trust ( FLCT ) has acquired equity interests in four property-holding companies, which collectively own two freehold logistics properties in Germany and two in the Netherlands. The agreed purchase price for the four…
Read MoreSats posts 31% rise in Q4 profit despite impact of Middle East conflict
Its board proposes a final dividend of S$0.05 a share, up from S$0.035 in the year before [SINGAPORE] In-flight caterer Sats on Monday (May 25) reported a net profit of S$50.7 million for its fourth quarter ended Mar 31, up 31 per cent from S$38.7 million for the corresponding period a year earlier. This translated…
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