Posts by Liam Redmond
ST Engineering bags new contracts worth S$2.9 billion in Q2 2026
[SINGAPORE] ST Engineering on Friday (Aug 7) announced that it secured S$2.9 billion in new contracts in the second quarter of 2026. These comprise S$1.2 billion from the commercial aerospace segment, S$1.2 billion from the defence and public security segment and S$500 million from the urban solutions and satcom segment. Including these new wins and…
Read MoreUOB Kay Hian H1 net profit jumps 66% to S$164.7 million on higher volume
[SINGAPORE] UOB Kay Hian (UOBKH) posted a 66 per cent surge in net profit to S$164.7 million for the first half of FY2026 ended June. This increase from S$99.2 million in the year-ago period was driven by higher trading volume and revenue growth. In a bourse filing on Friday (Aug 7), the securities brokerage reported…
Read MoreF&N nine-month net profit up 10.4% at S$130.6 million despite revenue drag
Income for the nine months falls 6% to S$1.7 billion due to forex headwinds and geopolitical disruptions [SINGAPORE] Food and beverage company Fraser and Neave (F&N) reported a 10.4 per cent rise in net profit before exceptional items to S$130.6 million for the nine months ended Jun 30. This is compared with S$118.2 million in…
Read More‘Pervert glasses’: Backlash against Meta’s smart glasses grows
Meta wants its smart glasses to be a big hit, but the high-tech specs have also turned into a liability, as some are calling the gadget “pervert glasses.” The social media giant dominates the market for smart glasses, which allow people to capture photos and videos, listen to music, take phone calls and ask questions…
Read MoreDeutsche Bank, KBC freeze some Radiant World funds in Singapore
This comes amid concerns that Radiant World provided banks with falsified documents about iron ore trades Published Fri, Aug 7, 2026 · 05:17 PM [SINGAPORE] Radiant World is under growing pressure after two of its key banks froze its funds and major miners moved to cut ties with the iron ore trading house. Deutsche Bank…
Read MoreHigh Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
United Shipping Services has sought to hold the subsidiary jointly responsible for any violation [SINGAPORE] The High Court has rejected a wholesale trader’s attempt to bring ST Engineering Aerospace Systems (Steas) into a trademark infringement suit over allegedly counterfeit components supplied for use in Republic of Singapore Air Force (RSAF) aircraft. Singapore-based United Shipping Services…
Read MoreSingapore grants approvals to import 900 MW of Malaysian solar power, including from Linggiu Reservoir facility
The awardees are Singapore’s Sembcorp Utilities and a unit of Malaysian developer Ditrolic Energy [SINGAPORE] Singapore’s energy regulator has granted conditional approvals to two companies to import 900 megawatts (MW) of solar power from peninsular Malaysia – as the Republic races to secure clean energy imports from the region. Sembcorp Utilities received approval to import…
Read MoreIndonesian rubber growers bet the farm on oil palm
Agriculture ministry data shows the land area for rubber plantations in Indonesia declined 17% over the last five years Published Fri, Aug 7, 2026 · 04:53 PM [JAKARTA] Sumaryono, a 45-year-old Indonesian smallholder, risked everything three years ago when he pumped his life savings of about US$2,200 into replacing his 10-hectare rubber plantation with oil…
Read MoreVolkswagen must cut costs faster to change, chairman says
Published Fri, Aug 7, 2026 · 04:23 PM VOLKSWAGEN’S majority owner urged Europe’s biggest carmaker to move quickly on cutting costs and excess capacity to return to competitiveness. Volkswagen should consider “every option” to usher in a turnaround, Porsche Automobil Holding said Friday. The holding company controlled by the Porsche-Piech owner family added that it…
Read MoreChina’s top AI model evaded testing environment, researchers say
Published Fri, Aug 7, 2026 · 03:59 PM CHINESE firm Moonshot’s latest artificial intelligence model broke out of a cyber-testing environment, researchers said, in the latest incident that raises concerns about how well AI companies control their technology. Moonshot’s Kimi K3 was able to find its way out of a sandbox from the UK government’s…
Read MoreSingapore’s competition watchdog clears Texas Instruments’ proposed acquisition of Silicon Labs
CCS concludes it will not lead to substantial lessening of competition across global semiconductor markets [SINGAPORE] The Competition and Consumer Commission of Singapore (CCS) has granted clearance for the proposed acquisition of wireless technology company Silicon Laboratories by US chip manufacturing giant Texas Instruments (TI), the watchdog announced on Friday (Aug 7). Following an assessment…
Read MoreChina central bank adds gold in Hong Kong amid trading hub push
This accelerates a longer-term trend where the People’s Bank of China moves gold reserves back home from London Published Fri, Aug 7, 2026 · 02:25 PM CHINA’S central bank is stockpiling more gold in Hong Kong, according to people familiar with the matter, in a move that is likely to support the city’s push to…
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