Posts by Liam Redmond
6-storey office building planned near Changi Airport Terminal 3
[SINGAPORE] The operator of Changi Airport is looking to develop a new office building near Terminal 3. Changi Airport Group (CAG) in February received permission from the Urban Redevelopment Authority (URA) to build a new six-storey landside office building, which will include a sheltered coach stand. Landside refers to areas before immigration clearance that are…
Read MoreSingapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply
Published Thu, May 7, 2026 · 07:23 PM [SINGAPORE] Oil product stocks in Asia’s oil hub Singapore hit their lowest in more than nine months after the US-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursday (May 7). Combined onshore oil product stocks totalled 44.83 million barrels in the week to May 6, the lowest since late July 2025,…
Read MoreST Engineering unit bags Middle East smart mobility projects worth over S$100 million
The group’s urban solutions business has a ‘decade-long track record’ in the region [SINGAPORE] The urban solutions business of ST Engineering has secured two smart mobility projects in the Middle East valued at more than S$100 million in total. The group said on Thursday (May 7) that the ventures mark a “further expansion of its…
Read MoreCIMB appoints veteran banker Mak Joon Nien as Singapore CEO
[SINGAPORE] Malaysian bank CIMB Group announced on Thursday (May 7) that it has appointed Mak Joon Nien as CEO of CIMB Singapore. He has also been appointed CEO of growth markets. Based in Singapore, he will oversee CIMB Thailand and CIMB Cambodia, with a focus on accelerating business growth, strengthening cross-border connectivity and advancing regional…
Read MoreSingapore stocks rise, tracking regional gains; STI up 0.3%
Across the broader market, gainers outnumber losers 416 to 225, after 2.1 billion securities change hands [SINGAPORE] Singapore stocks ended higher on Thursday (May 7), in line with gains elsewhere in the region. The benchmark Straits Times Index (STI) gained 0.3 per cent or 14.58 points to finish at 4,941.96. Hongkong Land led the gainers…
Read MoreWorkspace provider JustCo files preliminary prospectus for mainboard IPO
The group plans to open 28 centres in 2026, bringing its total to 78; it also intends to enter new markets [SINGAPORE] Workspace provider JustCo on Thursday (May 7) lodged a preliminary prospectus to list on the mainboard of the Singapore Exchange (SGX). The move follows a financial turnaround for the home-grown group, which posted…
Read MoreSingPost partners Europe’s Asendia to enhance cross-border e-commerce delivery
Local customers will be able to sell and scale their online retail business in new markets with this tie-up [SINGAPORE] Singapore Post (SingPost) entered into a strategic partnership with European cross-border e-commerce and mail solutions provider Asendia on Thursday (May 7). The partnership aims to improve cross-border e-commerce logistics capabilities, which will enhance delivery performance,…
Read MoreGameStop CEO says eBay shut his account after buyout funding stunt
He has put up personal items, including a pair of socks, to fund his US$56 billion bid for the platform Published Thu, May 7, 2026 · 05:34 PM [TEXAS] GameStop CEO Ryan Cohen said his eBay account was suspended following a publicity stunt in which he listed a raft of personal items – including a…
Read MoreTwo Indian conglomerates to plow US$1 billion in EV, battery tech
Beijing has become more selective about transferring advanced battery and EV technologies Published Thu, May 7, 2026 · 05:32 PM TWO Indian conglomerates are looking to spend nearly US$1 billion to build domestic capabilities in electric-vehicle and battery technologies, people familiar with the matter said, reflecting a growing urgency on the part of the country’s…
Read MoreSingapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability
[SINGAPORE] Singapore’s digital banks are turning to faster-growing South-east Asian markets to drive loan growth as they set their sights on the path to profitability. This is amid rising interest income and mounting investor scrutiny. Both GXS Bank and MariBank in Singapore reported higher interest income for FY2025, reflecting how lending has remained a key…
Read MoreMAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill
The proposed legislation will ‘position Singapore to capture future opportunities’: Chee Hong Tat [SINGAPORE] Proposed amendments to the Securities and Futures Act will empower the Monetary Authority of Singapore (MAS) to “close differences” between the securities laws of Singapore and foreign jurisdictions in facilitating dual-listing partnerships. Speaking in the debate on the Securities and Futures…
Read MoreEuropean shares pause as markets watch Middle East peace prospects; earnings on tap
Published Thu, May 7, 2026 · 03:51 PM EUROPEAN shares were steady on Thursday, after a sharp rally in the previous session, with investors holding on to optimism that a US-Iran peace deal was close, while parsing through corporate results. The pan-European Stoxx 600 was muted at 623.56 points, as of 0703 GMT. Major regional…
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