Posts by Liam Redmond
Cathay Cineplexes operator mm2 Asia’s 1.9-billion share placement falls through
[SINGAPORE] A S$14 million fundraising plan by beleaguered Cathay Cineplexes operator mm2 Asia via the placement of some 1.9 billion shares has fallen through, the entertainment company said on Wednesday (Apr 1). The placement agreement, which aimed to offer shares at a minimum of S$0.008 apiece, “has lapsed and terminated and is of no further…
Read MoreLTA, Case launch voluntary accreditation scheme for car-sharing industry in Singapore
Aim is to raise service standards across the industry, address common consumer concerns [SINGAPORE] The Land Transport Authority (LTA) and Consumers Association of Singapore (Case) launched a CaseTrust accreditation scheme for the car-sharing industry on Wednesday (Apr 1). It provides a framework for improving car-sharing services to address common consumer concerns. Such car-sharing services refer…
Read MoreSingapore, Asia stocks surge after Trump signals Iran war to end in two to three weeks
[SINGAPORE] Asia markets rose on Wednesday (Apr 1) after US President Donald Trump said on Tuesday that the US could end its military campaign against Iran within two to three weeks. The Straits Times Index (STI) rose almost 2 per cent shortly after market open at 9.13 am. Japan’s Nikkei 225 was up 3.8 per…
Read MoreFirst Reit proposes S$471.5 million divestment of Indonesia assets
A special distribution of about S$9.7 million is expected to be declared after the deal [SINGAPORE] The manager of First Real Estate Investment Trust (Reit) announced on Wednesday (Apr 1) a strategic move to divest its Indonesian portfolio for a total consideration of S$471.5 million. This two-tranche divestment of all assets in Indonesia is designed…
Read MoreData centre operator BDx secures US$320 million facility from Indonesia banks
[SINGAPORE] Data centre operator BDx Data Centers has secured a US$320 million loan facility from three Indonesian banks – Bank Permata, BCA and KB Bank – on Wednesday (Apr 1). The decision to engage Indonesian banks for this credit facility rather than international banks was about prudent capital structure optimisation, said Mayank Srivastava, the chief…
Read MoreStocks to watch: OCBC, Yangzijiang Shipbuilding, City Developments, First Reit, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 1): OCBC : From May 1, the bank will lower the interest rate for its 360 Account to 4.45 per cent per annum on the first S$100,000, from the current rate of 5.45 per cent. The move, which…
Read MoreHershey to change chocolate in some disputed Reese’s items
Published Wed, Apr 1, 2026 · 07:43 AM HERSHEY will change the chocolate in a small portion of its Reese’s and Hershey’s products, the latest twist in a squabble over its ingredients initiated by a grandson of the Reese’s Peanut Butter Cup creator. The company said it will swap out a chocolate compound coating as…
Read MoreSingapore chemical logistics growth still promising despite Middle East war: Katoen Natie execs
Specialty chemical producers are scaling up their plants on Jurong Island, driving demand for warehouse storage [SINGAPORE] Demand for chemical logistics out of Singapore’s Jurong Island remains promising despite the volatility triggered by the Middle East war, top executives of Belgium’s Katoen Natie told The Business Times. The 172-year-old company is bullish on the Asian…
Read MoreAre CEOs paid too much? An NUS study offers insights that hopefully changes more than rules
Investors should look out for the shortcomings in remuneration practices highlighted by the study in the companies in which they own shares FOR many of our readers, the most interesting piece of information in a public-listed company’s annual report is often its chief executive’s total compensation for the year. We know this to be true…
Read MoreElon Musk must face class action over late disclosure of Twitter stake, judge rules
The judge said Musk did not overcome the presumption that his alleged misrepresentations affected Twitter’s share price Published Wed, Apr 1, 2026 · 06:50 AM [NEW YORK] A federal judge on Tuesday said former Twitter investors who accused Elon Musk of defrauding them by waiting too long to disclose his initial investment in the social…
Read MoreNike results tops estimates as turnaround shows uneven progress
The company’s stock has lost about 17 per cent of its value in the last 12 months Published Wed, Apr 1, 2026 · 06:38 AM NIKE beat expectations for third-quarter earnings on Tuesday, as the sportswear giant’s turnaround efforts showed some signs of progress, particularly in its wholesale business, even as weakness in China and…
Read MoreEuropean shares snap eight-month winning streak as Middle East conflict weighs
Published Wed, Apr 1, 2026 · 06:06 AM EUROPEAN stocks ended Tuesday with their steepest monthly decline in nearly four years, underscoring the degree to which the Middle East conflict has shaken regional equities. The pan-European Stoxx 600 index fell 8 per cent in March, snapping an eight-month run of gains and posting its biggest monthly loss…
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