Posts by Liam Redmond
Wall St opens lower as Mideast de-escalation uncertainty weighs
Published Thu, Mar 26, 2026 · 09:49 PM [NEW YORK] Wall Street’s main indexes opened lower open on Thursday (Mar 26) following gains in the previous session, as caution prevailed about developments in the Middle East while weighing the prospects for de-escalation in the conflict. The Dow Jones Industrial Average fell 84.8 points, or 0.18…
Read MoreGuocoland’s Malaysian unit to table proposed privatisation to disinterested shareholders at EGM
The RM1.10 offer price is a 17.7% premium to its last-traded share price of RM0.935 on Jan 30 [SINGAPORE] GuocoLand Malaysia (GLM), the wholly-owned subsidiary of GuocoLand , said in a bourse filing on Bursa Malaysia on Thursday (Mar 26) that it would hold an Extraordinary General Meeting (EGM) to table its proposed privatisation of…
Read MoreCnooc’s profit drops as low oil prices counter output growth
Net income came in at 122.1 billion yuan, down from 137.9 billion yuan a year earlier Published Thu, Mar 26, 2026 · 08:39 PM — Updated Thu, Mar 26, 2026 · 08:49 PM [BEIJING] Chinese oil major Cnooc reported weaker earnings in 2025, as a drop in oil prices blunted the impact of the company’s…
Read MoreKeppel, Simba Telecom agree to extend long-stop date for proposed M1 deal
[SINGAPORE] Keppel and Simba Telecom have mutually agreed to extend the long-stop date for the proposed M1 deal to May 21. In a bourse filing on Thursday (Mar 26), Keppel noted that M1, Simba and other relevant parties had submitted a consolidation application to the Infocomm Media Development Authority of Singapore (IMDA) on Sep 26,…
Read MoreConcord New Energy reports 82.7% decline in FY2025 earnings to 139.7 million yuan
[SINGAPORE] Concord New Energy on Thursday (Mar 26) posted its full-year earnings of 139.7 million yuan (S$25.9 million) for the financial year ended Dec 31, 2025 – an 82.7 per cent year-on-year drop from 805.1 million yuan. Revenue for FY2025 stood at 2.5 billion yuan, down 7.6 per cent from 2.7 billion yuan in the…
Read MoreConcord New Energy reports 82.6% decline in FY2025 earnings to 139.7 million yuan
[SINGAPORE] Concord New Energy on Thursday (Mar 26) posted its full-year earnings of 139.7 million yuan (S$25.9 million) for the financial year ended Dec 31, 2025 – an 82.6 per cent year-on-year drop from 805.1 million yuan. Revenue for FY2025 stood at 2.5 billion yuan, down 7.6 per cent from 2.8 billion yuan in the…
Read MoreNational Australia Bank to cut 170 jobs amid offshore expansion
The lender adds it will continue hiring and developing staff locally, particularly in customer-facing roles Published Thu, Mar 26, 2026 · 07:44 PM [BENGALURU] Australia’s Finance Sector Union (FSU) said on Thursday (Mar 26) that National Australia Bank (NAB) is proposing to cut about 170 jobs across the country. This comes as part of a…
Read MoreSingapore’s general insurance premiums hit record high of S$6.09 billion
Net incurred claims for the domestic segment are up 8.7% year on year at S$1.8 billion [SINGAPORE] Gross written premiums in Singapore’s domestic general insurance sector reached S$6.09 billion in 2025. This marked an 8.4 per cent year-on-year increase and “pushed the sector past the S$6 billion mark for the first time”, the General Insurance…
Read MoreShangri-La Asia posts 30.4% drop in full-year earnings to US$112.3 million
[SINGAPORE] Mainboard-listed hotel group Shangri-La Asia on Thursday (Mar 26) reported a net profit of US$112.3 million for the full year ended Dec 31, 2025, down 30.4 per cent from US$161.4 million in the year-ago period. Correspondingly, earnings per share (EPS) fell to US$0.0316 a share, from US$0.0454 the year before. This was mainly due…
Read MoreWhat Singapore needs is not more Reits, but bigger ones: ARA co-founder John Lim
The local market must move towards consolidation and aggressive global expansion, says the industry veteran [SINGAPORE] The Singapore-listed real estate investment trust (S-Reit) sector does not need more Reits; it needs bigger ones. That is the candid assessment of industry veteran John Lim, who believes the local market’s growth strategy requires a fundamental shift towards…
Read MoreSouth Korea to carry out bond buyback, expand fuel tax breaks to cushion blow from Iran conflict
The bond buyback will be conducted in two tranches, 2.5 trillion won on March 27 and another 2.5 trillion won on April 1 Published Thu, Mar 26, 2026 · 06:04 PM [SEOUL] South Korea on Thursday (Mar 26) said it will carry out a 5 trillion won (S$4.26 billion) emergency bond buyback and expand fuel…
Read MoreCommentary: Sora’s demise doesn’t mean the AI bubble is bursting anytime soon
ChatGPT would like you to know that, despite what you may have heard on social media, the abrupt closing of Sora, OpenAI’s nascent platform for creating video shorts, “does not” mean that the public is increasingly disenchanted with AI-generated video content. Or “AI slop” as it is known in online vernacular. Yes, ChatGPT concedes, Sora…
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