Posts by Liam Redmond
Indonesia rupiah hits new record low; president downplays day-to-day impact of currency weakness
The central bank has also been intervening in the foreign exchange market to support the exchange rate Published Mon, May 18, 2026 · 12:26 PM [JAKARTA] The Indonesian rupiah slid to a fresh record low on Monday (May 18) as stocks slumped and global oil prices hit two-week highs, while the president said that the…
Read MoreAustralia orders Chinese investors to sell stakes in rare earths firm over national security
Five of them are registered in China or Hong Kong and one in the British Virgin Islands Published Mon, May 18, 2026 · 11:35 AM [SYDNEY] Australia’s government has ordered the biggest shareholders in rare earths firm Northern Minerals to sell their stakes, the second such intervention in two years as Canberra seeks to protect…
Read MoreE-commerce giant Shein buys apparel brand Everlane: reports
The brand, known for its minimalistic, “quiet luxury” style, is a favourite of celebrities Published Mon, May 18, 2026 · 10:24 AM CHINESE e-commerce giant Shein is acquiring US apparel retailer Everlane from majority owner L Catterton, according to media reports. The transaction values the San Francisco-based company at about US$100 million, a steep discount…
Read MoreChina Swap Connect trading volume heads toward 1 trillion yuan
This projected surge underscores a shift in how global funds engage with the country Published Mon, May 18, 2026 · 09:35 AM [HONG KONG] Trading volumes through China’s Swap Connect are poised to accelerate as a growing appetite for renminbi debt drives a surge in hedging demand, according to strategists. The platform, which grants offshore…
Read MoreJane Street doubles capacity in Singapore as expansion rolls on
Published Mon, May 18, 2026 · 08:40 AM [HONG KONG] Jane Street Group moved into a new Singapore office this month, doubling its seating capacity to 250 people as it continues to ramp up operations across Asia, said a source with knowledge of the matter. The market-maker has taken up 24,000 square feet (2,230 square…
Read MoreIs Jardine C&C likely to be taken private?
Most of its value resides in Jakarta-listed Astra International, while its own parent has secondary listing in Singapore [SINGAPORE] Some market watchers might have been left scratching their heads the past week following a news report that Jardine Cycle & Carriage is exploring the sale of its car dealerships in Singapore and Malaysia. While these…
Read MoreUS says China agrees to spend billions on agricultural goods
Farmers have been struggling for years with relatively low crop prices and high costs Published Mon, May 18, 2026 · 06:35 AM [WASHINGTON] China has agreed to purchase at least US$17 billion of agricultural products from the US annually to 2028, the White House said in a fact sheet detailing US President Donald Trump’s two-day…
Read MoreBuybacks, insider activity and capital moves
IN THE five trading sessions to the May 14 close, 16 primary-listed companies conducted buybacks with a total consideration of S$42 million. Over the same period, more than 120 director interests and substantial shareholdings were filed for more than 50 primary-listed stocks. Directors or CEOs reported 18 acquisitions and 14 disposals, while substantial shareholders recorded…
Read More‘Three months to decide, three years to list’: Local noodlemaker Leong Guan eyes growth after IPO
The company is aiming for new acquisitions and export markets among its post-listing goals [SINGAPORE] When Lim Tze Chiang first considered the possibility of taking Leong Guan public in 2022, he had not fully imagined the long road that lay ahead for the local noodlemaker before its initial public offering. “The decision to list took…
Read More‘Three months to decide, three years to list’: Singapore noodlemaker Leong Guan eyes growth after IPO
The company is aiming for new acquisitions and export markets among its post-listing goals [SINGAPORE] When Lim Tze Chiang first considered the possibility of taking Leong Guan public in 2022, he had not fully imagined the long road that lay ahead for the local noodlemaker before its initial public offering. “The decision to list took…
Read MoreSingapore launches first EV fast-charging hub within a HDB carpark at Tengah
The hub has 14 charging points, eight of which are fast-chargers capable of up to 100 kW of power output [SINGAPORE] National power company SP Group and EV-Electric Charging debuted the first electric vehicle (EV) fast-charging hub within a HDB carpark on Saturday (May 16). EV-Electric Charging is the Land Transport Authority subsidiary that is…
Read MoreSingapore launches first EV fast-charging hub within an HDB car park at Tengah
The hub has 14 charging points, eight of which are fast-chargers capable of up to 100 kW of power output [SINGAPORE] National power company SP Group and EV-Electric Charging debuted the first electric vehicle (EV) fast-charging hub within an HDB car park on Saturday (May 16). EV-Electric Charging is the unit of Land Transport Authority…
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