Posts by Liam Redmond
SIA H2 FY2026 earnings fall 53.6% to S$945.5 million on absence of accounting gain
[SINGAPORE] Singapore Airlines’ (SIA) earnings for its second half ended March more than halved year on year to S$945.5 million from S$2 billion. The national carrier group on Thursday (May 14) attributed the 53.6 per cent reduction in H2 net profit largely to the absence of a one-off, non-cash accounting gain of S$1.1 billion. This…
Read MoreSIA staff get lower bonus of 5.7 months for FY2026
Annual profit-sharing compensation based on a longstanding formula agreed with staff unions [SINGAPORE] Singapore Airlines (SIA) is rewarding eligible employees with a profit-sharing bonus of 5.7 months for the 2026 financial year, The Business Times understands. The amount is lower than the 7.45 months for FY2025 and the 7.94 months for FY2024. SIA staff were…
Read MoreData centre demand boosts CSE Global’s Q1 revenue by 29.1% to S$265.2 million
[SINGAPORE] Systems integration specialist CSE Global posted a 29.1 per cent rise in revenue to S$265.2 million for the three months ended Mar 31, boosted by fresh demand from the data-centre industry. Q1 revenue from CSE’s electrification segment rose 50.1 per cent to S$146.3 million, mainly due to “major” contracts in the data-centre market in…
Read MoreOil edges up as investors focus on Trump-Xi meeting in Beijing
Published Thu, May 14, 2026 · 06:11 PM [LONDON] Oil prices edged up on Thursday, with market participants focused on the meeting between US President Donald Trump and Chinese President Xi Jinping to scour for progress on a resolution for the Iran war. Both leaders agreed in a meeting that the Strait of Hormuz must be…
Read MoreTrump-Xi meeting fails to lift Singapore stocks on Thursday; STI dips 0.2%
Across the broader market, gainers trail losers 257 to 359, after 2.2 billion securities worth S$2.6 billion change hands [SINGAPORE] Singapore stocks ended lower on Thursday (May 14), as a much-anticipated meeting between Chinese leader Xi Jinping and US President Donald Trump failed to lift investor sentiment. The benchmark Straits Times Index (STI) lost 0.2…
Read MoreEneos to buy Chevron’s Singapore refinery stake, Asian assets for US$2.2 billion
The latest sale includes Chevron’s Penjuru terminal and lubricants facility in Singapore Published Thu, May 14, 2026 · 05:29 PM [TOKYO/SINGAPORE] Eneos Holdings said on Thursday (May 14) it will buy US major Chevron’s 50 per cent stake in Singapore Refining Company (SRC) and other assets in South-east Asia and Australia for nearly US$2.2 billion,…
Read MoreBurberry’s cautious outlook disappoints after sales boost
Published Thu, May 14, 2026 · 05:29 PM BURBERRY Group disappointed investors after the British luxury brand issued a cautious outlook for this fiscal year and warned geopolitical and economic uncertainty may hurt shopper confidence. The maker of tartan scarves and gabardine trench coats declined to give detailed targets other than to say momentum will…
Read MoreTemasek-backed Manipal Hospitals set to start marketing US$1 billion IPO: sources
The company is targeting a valuation of about US$12 billion during two weeks of meetings with investors Published Thu, May 14, 2026 · 04:39 PM [MUMBAI] Manipal Health Enterprises, which runs the Manipal Hospitals chain, is set to begin formal marketing as early as next week for its planned initial public offering to raise more…
Read MoreCitadel asked some Hong Kong staff to relocate, FT reports
Published Thu, May 14, 2026 · 04:33 PM HEDGE fund Citadel has moved some of its core researchers out of Hong Kong, telling members of its global quantitative strategies team in recent months that they had to either relocate or leave the company, the Financial Times reported on Wednesday. Miami-based Citadel told Reuters that the…
Read MoreUK regulator to toughen private credit reporting, sources say
Scrutiny has increased following several private-market related borrower failures that have left creditors facing losses Published Thu, May 14, 2026 · 03:58 PM [LONDON] Britain’s financial regulator is preparing to force private credit managers to report more detailed and tailored data, sources told Reuters, as it seeks to increase scrutiny of the fast-growing and still…
Read MoreUS clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
Published Thu, May 14, 2026 · 03:14 PM [WASHINGTON] The US has cleared around 10 Chinese firms to buy Nvidia’s second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks…
Read MoreBlackRock’s GIP teams up with Temasek, Abu Dhabi heavyweights to target US$30b in infrastructure deals
It will also consider select investments within the wider Middle East and North Africa region Published Thu, May 14, 2026 · 02:45 PM [DUBAI] BlackRock’s GIP has partnered with Singapore’s Temasek and Abu Dhabi’s newest wealth fund L’IMAD and state oil firm ADNOC to launch an infrastructure partnership targeting US$30 billion of investment across the…
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