Posts by Liam Redmond
Raffles Medical’s China business is underperforming but group says time is needed to deliver
Senior management has observed the sector for more than 30 years before considering venturing into the north Asian market [SINGAPORE] The China business of Raffles Medical Group accounts for 30 per cent of the group’s assets but only 10 per cent of revenue, to which the Singapore group said overseas investments generally require more time…
Read MoreCrypto hack worth US$290 million triggers DeFi contagion shock
Published Sun, Apr 19, 2026 · 05:37 PM HACKERS exploited a cross-chain bridge on Saturday (Apr 18), draining nearly US$300 million from a key piece of decentralised finance infrastructure and setting off a ripple effect across multiple crypto platforms. The attacker siphoned about 116,500 rsETH – a token issued by Kelp DAO that represents “restaked”…
Read MoreESR Reit’s FY2026 DPU will drop if divestment proceeds are not redeployed: manager
Geopolitical tensions ‘have contributed to volatility in energy prices and inflation expectations’, it notes [SINGAPORE] The manager of ESR Reit has cautioned that the real estate investment trust’s (Reit) distribution per unit (DPU) will decline if the proceeds from its earlier divestments are not redeployed. In a regulatory filing on Saturday (Apr 18), the manager…
Read MoreEQT warns of exit risks for alternative energy assets held by private equity
With the Gulf war dragging on, investment banks have predicted that demand for clean-energy assets will soar Published Sun, Apr 19, 2026 · 04:46 PM EQT, Europe’s biggest private-equity (PE) firm, said that the path to exiting investments in clean-energy developers and operators faces a growing number of hurdles. In many cases, such assets have…
Read MoreS-Reits commence Q1 reporting season on a positive start
They are coming from a position of relative strength, with largely stabilised balance sheets and favourable refinancing dynamics [SINGAPORE] The reporting season for Singapore real estate investment trusts (S-Reits) kicked off with Alpha Integrated Reit and Keppel DC Reit releasing their Q1 FY2026 business updates on Thursday (Apr 16). This was followed by Kore US…
Read MoreCEOs of Uni-Asia and The Assembly Place build stakes
From Apr 10 to 16, directors or CEOs report 12 acquisitions and 2 disposals, while substantial shareholders record 2 acquisitions and 17 disposals [SINGAPORE] For the five trading sessions spanning Apr 10 to 16, institutions were net sellers of Singapore stocks, with net institutional outflow of S$282 million, taking the accumulated net outflow for the…
Read MoreCalifornia’s gas prices push Uber and Lyft drivers off the road
The highest gas prices in the country are making it tougher for some gig drivers to make a living. Gas prices have shot up amid the war in the Middle East. On average, California gas prices are the most expensive in the United States, according to data from the American Automobile Assn. The average price…
Read MoreApple defeats bid for new Apple Watch import ban at US trade tribunal
Published Sat, Apr 18, 2026 · 04:45 PM [WASHINGTON] A US trade tribunal ruled for Apple on Friday (Apr 17) against a bid from medtech company Masimo to reinstate an import ban on the tech giant’s Apple Watches. The US International Trade Commission closed Masimo’s case after declining to review an ITC judge’s preliminary March…
Read MoreLutnick shuts down talk of any Chinese investment in US autos
Published Sat, Apr 18, 2026 · 04:10 PM [BEIJING] US Commerce Secretary Howard Lutnick ruled out the possibility of Chinese investment in the US auto industry, saying there’s no need for companies like electric carmaker BYD in America. When asked during a fireside chat at a Semafor event in Washington on Friday (Apr 17) whether…
Read MoreGreek, Indian tankers U-turn before Hormuz amid reopening doubt
Published Sat, Apr 18, 2026 · 03:09 PM [SINGAPORE] Several oil tankers have u-turned in the Persian Gulf after appearing to try to transit the Strait of Hormuz, as shipowners and oil traders remain in a state of disarray as they try to figure out whether Iran would stick to its promise to keep the…
Read MoreUS again allows more Russian oil sales to help control prices
Published Sat, Apr 18, 2026 · 12:10 PM [LOS ANGELES] The US on Friday (Apr 17) issued a license letting countries buy more Russian oil that’s already been loaded on tankers, part of the White House’s push to prevent prices from surging. The temporary authorisation, which applies to Russian crude that would otherwise be sanctioned,…
Read MoreUS again allows more Russian oil sales to help control prices amid Iran war
Published Sat, Apr 18, 2026 · 12:10 PM [LOS ANGELES] The US on Friday (Apr 17) issued a licence letting countries buy more Russian oil that’s already been loaded on tankers, part of the White House’s push to prevent prices from surging. The temporary authorisation, which applies to Russian crude that would otherwise be sanctioned,…
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