Posts by Liam Redmond
Mapletree Logistics Trust books provision of RM28.1 million amid ongoing tax dispute in Malaysia
MLT’s manager says the trust is not expected to be materially impacted by the case, which is before a High Court [SINGAPORE] The manager of Mapletree Logistics Trust (MLT) has made provisions of RM28.1 million (S$9.1 million) in its financial statements due to an ongoing tax dispute in Malaysia. The dispute involves MLT’s subsidiary MapletreeLog…
Read MoreYangzijiang Shipbuilding buys 10% stake in maritime company from Canada’s Fairfax for US$825.7 million
The sale price is above valuation, but the shipbuilder sees strategic and commercial gains from the acquisition [SINGAPORE] Shipbuilder Yangzijiang Shipbuilding will buy a 10 per cent stake in a maritime holding company for US$825.7 million from Canadian investment firm FairFax Financial. This translates to about 29.2 million shares of Poseidon Corp, an indirect parent…
Read MoreIn charts: Singapore’s energy and chemicals sector in focus as Middle East conflict escalates
The sector’s green pivot could help it be less vulnerable to oil and gas disruptions in the long term [SINGAPORE] Singapore’s energy and chemicals sector has come under the spotlight as conflict in the Middle East escalates. As oil prices hit a four-year high on Monday (Mar 9), observers noted that the sector faces a…
Read MoreWall Street opens subdued as investors monitor US-Iran tensions
Published Tue, Mar 10, 2026 · 09:43 PM [NEW YORK] Wall Street’s main indexes opened subdued on Tuesday (Mar 10), following comments from US officials that suggested escalating hostilities in the Middle East, a day after US President Donald Trump hinted at an early end to the war. The Dow Jones Industrial Average fell 30.6…
Read MoreIran war forces Japanese auto-parts suppliers to turn to Russia’s Rusal
Sources say aluminium producers are likely to ask for long-term agreements for urgently needed supply Published Tue, Mar 10, 2026 · 09:11 PM [SINGAPORE] Disruptions in the aluminium trade caused by a widening conflict in the Middle East have pushed several Japanese auto-parts manufacturers into talks with Russian giant United Company Rusal International, said sources.…
Read MoreNio swings to profit in Q4 on record deliveries
[SINGAPORE] Chinese electric vehicle (EV) maker Nio posted a net profit of 122.4 million yuan (S$22.5 million) in the fourth quarter ended Dec 31, 2025. This marked a significant turnaround from the net loss of 7.1 billion yuan in the year-ago period, and the 3.7 billion yuan net loss recorded in Q3. The company also…
Read MoreOCBC sees regional transaction banking growth outpacing Singapore, senior executive says
Transaction banking revenue is currently split about 60:40 between domestic and regional markets Published Tue, Mar 10, 2026 · 08:32 PM [SINGAPORE] OCBC expects its transaction banking business in regional markets to continue growing faster than in Singapore, the bank’s chief strategy and transformation officer Melvyn Low told Reuters. The faster growth in Singapore would…
Read MoreJardine Matheson 2025 underlying profit up 11% at US$1.7 billion
The group’s final dividend of US$1.75 a share brings its full-year payout to US$2.35 a share [SINGAPORE] Hong Kong-based conglomerate Jardine Matheson Holdings on Tuesday (Mar 10) reported an 11 per cent increase in underlying profit to US$1.7 billion for the financial year ended Dec 31, 2025. This was up from US$1.52 billion for FY2024,…
Read MoreCiti braces for busy spell for financial sponsors deals in Asia
The bank leads on the STT GDC deal for KKR and Singtel, providing key acquisition financing Published Tue, Mar 10, 2026 · 07:40 PM [HONG KONG] Citigroup is bulking up its investment banking franchise that looks after financial sponsors as deal activity increases and firms seek to deploy capital. A resurgence in mergers and acquisitions,…
Read MoreSGX to offer bond futures for India, South-east Asia
Published Tue, Mar 10, 2026 · 07:00 PM [SINGAPORE] The Singapore Exchange (SGX) will launch futures tied to government bonds of some Asian countries as investors seek to hedge their risks. The bourse plans to launch the futures in the coming weeks, SGX chief executive officer Loh Boon Chye said at an event in Florida,…
Read MoreSembcorp’s A$3 billion Alinta loan fuels Australia’s funding boom
The loan for Sembcorp’s Australian unit will be split between an acquisition tranche Published Tue, Mar 10, 2026 · 06:40 PM [SINGAPORE] Sembcorp Industries is seeking a loan of around A$3 billion (S$2.7 billion) to back its purchase of power generator and retailer Alinta Energy, according to people familiar with the matter, adding to a…
Read MoreSingapore blue chips rise after Trump’s Iran comments
[SINGAPORE] Blue-chip counters in Singapore rebounded on Tuesday (Mar 10) after US President Donald Trump said overnight that the war with Iran would be over “very soon”. The Straits Times Index (STI) rose 104.03 points or 2.2 per cent to 4,860.64. The iEdge Singapore Next 50 Index, however, slid 2.7 per cent or 38.67 points…
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