Posts by Liam Redmond
Keppel inks further Bifrost deal with Telstra, in ‘advanced’ talks with more customers
[SINGAPORE] Asset manager Keppel on Friday (May 15) announced a definitive 25-year deal with the global arm of Australian telco Telstra for a fibre pair on the Bifrost Cable System. Spanning over 20,000 km, Bifrost is the world’s first subsea cable system linking Singapore directly to the US West Coast, via the Java and Celebes…
Read MoreSIA Group passenger traffic rises 7% in April
Singapore Airlines and Scoot carried a total of 3.6 million passengers, a 7.5% year-on-year increase [SINGAPORE] Singapore Airlines (SIA) Group’s passenger traffic grew 7 per cent year on year in April, outpacing a 6.3 per cent increase in capacity, it announced on Friday (May 15). The group, which comprises flagship carrier SIA and budget arm…
Read MoreUOL to buy out UOB stake in former Faber House for S$68 million amid Nomad Hotel rebuild
[SINGAPORE] Property developer UOL on Friday (May 15) inked a deal to purchase the interest it does not already own in the Orchard Road property formerly known as Faber House for S$68.5 million. Located at 230 Orchard Road, the property is being redeveloped into a new mixed-use commercial development. It will feature the hospitality development…
Read MoreJapan’s biggest banks expect another year of record profit
They project earnings will scale new heights as rising interest rates spur loan profitability Published Fri, May 15, 2026 · 06:51 PM [TOKYO] Mitsubishi UFJ Financial Group and Mizuho Financial Group forecast another year of profit growth, even as the Middle East conflict poses risks to Japan’s biggest banks and their clients. MUFG expects net…
Read MoreJustCo targets S$100 million mainboard IPO to expand into existing and new markets
The GIC-backed company is set to be the second to list on the SGX mainboard this year [SINGAPORE] Home-grown flexible workspace operator JustCo aims to raise S$100 million in gross proceeds through an initial public offering (IPO) on the Singapore Exchange (SGX) mainboard. Post-listing, it would have an estimated market capitalisation of about S$459.9 million.…
Read MoreLVMH agrees to sell Marc Jacobs brand to WHP, G-III
In a filing, G-III says it plans to invest up to US$425 million in the 50-50 venture Published Fri, May 15, 2026 · 06:24 PM [NEW YORK] Louis Vuitton Moet Hennessy (LVMH) agreed to sell the Marc Jacobs fashion label to a venture between WHP Global and G-III Apparel Group, marking a rare divestment for…
Read MoreSingapore stocks end lower on Friday; STI down 0.1%
The blue-chip barometer’s worst performer is Venture Corporation, falling 3.1% or S$0.56 to close at S$17.64 [SINGAPORE] Singapore stocks ended lower on Friday (May 15). The benchmark Straits Times Index (STI) lost 0.1 per cent or 6.86 points to finish at 4,989.08. Singapore Airlines led the gainers on Singapore’s blue-chip index, rising 2.4 per cent…
Read MoreHSBC committed to its private credit investments after report on US$4 billion pause
Regulators worldwide are more concerned about banks’ exposure to the US$3.5 trillion private credit industry Published Fri, May 15, 2026 · 05:37 PM [BRUSSELS] HSBC said on Friday (May 15) it remains committed to its private credit investments, denying an earlier Financial Times report that said the lender had paused a US$4 billion plan to…
Read MoreBritain’s pound, stocks and bonds fall on political uncertainty, global inflation angst
Published Fri, May 15, 2026 · 05:07 PM [LONDON] British government bonds, stocks and sterling fell on Friday, as domestic political uncertainty clashed with global worries about an inflationary shock, leaving UK assets in the mire. Sterling fell to a five-week low and is down almost 2 per cent against the dollar this week, set…
Read MoreEuropean shares slip as inflation worries keep investors on edge
Published Fri, May 15, 2026 · 04:42 PM EUROPEAN shares tumbled on Friday as a deadlock in US-Iran negotiations dented risk appetite, rattled energy markets and rekindled concerns over an economic slowdown. The pan-European Stoxx 600 was down 0.8 per cent at 611.27 points, as of 0703 GMT, and on track for a weekly loss, if the…
Read MoreSIA flying into turbulence from fuel costs, Air India losses, but dividends offer upside
Citi maintains a ‘sell’, while DBS Group Research and CGS International maintain ‘hold’ [SINGAPORE] Analysts are cautious about Singapore Airlines ( SIA ) after the flag carrier’s earnings for the six months ended Mar 31 more than halved year on year. While the carrier attributed the fall to the absence of a gain from the…
Read MoreCDL, DBS launch S$300 million green loan to advance nature-based solutions in Singapore
It will be used for general corporate funding and working capital purposes, among others [SINGAPORE] City Developments Limited (CDL) has secured a new S$300 million multicurrency sustainability-linked loan (SLL) provided by DBS, a bourse filing on Friday (May 15) said. The aim of the venture is to accelerate the adoption of nature-based urban development solutions…
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