Posts by Liam Redmond
Shares of Aspial Lifestyle up 6% on proposed transfer to SGX mainboard
This move can enhance the company’s ability to access both equity and debt capital markets [SINGAPORE] Shares of consumer lifestyle group Aspial Lifestyle rose 6 per cent on Thursday (Mar 5) morning, after its announcement of its proposed transfer to the Singapore Exchange’s mainboard. The counter hit S$0.39 as at 9.10 am, trading at about…
Read MoreGold gains on safe-haven demand, softer dollar
Published Thu, Mar 5, 2026 · 09:46 AM [BENGALURU] Gold rose on Thursday (Mar 5) as the widening Middle East conflict drove investors towards the safe-haven asset, while a softer US dollar also lent support to bullion prices. Spot gold was up 0.8 per cent at US$5,176.69 per ounce by 9.01 am. US gold futures…
Read MoreNvidia CEO Huang rules out US$100 billion OpenAI investment
Published Thu, Mar 5, 2026 · 09:27 AM [SAN FRANCISCO] Nvidia chief executive officer Jensen Huang does not see his company’s investments in OpenAI reaching US$100 billion, the maximum amount that the chipmaking giant had once pledged to spend on the startup. “I think the opportunity to invest US$100 billion in OpenAI is probably not…
Read MoreAustralia to join G7 critical minerals alliance, Canada’s Carney says
Published Thu, Mar 5, 2026 · 08:58 AM [SYDNEY] Australia and Canada on Wednesday signed a series of new agreements on critical minerals, Canadian Prime Minister Mark Carney said, including Australia joining the G7 minerals alliance. Western nations have been attempting to diversify their supply chains away from China, which still controls the majority of…
Read MoreGeo Energy to raise up to S$14.9 million via proposed share placement
[SINGAPORE] Mainboard-listed coal producer Geo Energy Resources intends to raise gross proceeds of up to S$14.9 million through a proposed placement of 35 million new ordinary shares. The group announced on Thursday (Mar 5) that it has entered into a placement agreement with KGI Securities (Singapore), which will act as the placement agent. The placement…
Read MorePhillip Securities upgrades Sats to ‘buy’; sees no material impact from Iran war
The brokerage hikes Sats’ target price by 15.6% to S$4.44 and lifts its earnings forecast [SINGAPORE] Phillip Securities upgraded its call for Sats to “buy” and raised its target price by 15.6 per cent to S$4.44 – even as the Iran war destabilises global trade and poses near-term risks for the ground handler and in-flight…
Read MoreUS-to-Asia oil shipment costs hit a record, some deals falter
Published Thu, Mar 5, 2026 · 06:22 AM [LONDON] It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates sky-high. The global energy industry has been rocked by the widening Middle East fighting, with the impacts playing out in spiking oil…
Read MoreComfortDelGro to partially absorb higher fuel costs at its petrol pumps
It will also deploy fuel subsidies to ease the financial pressure on its drivers in the wake of higher pump prices amid the Iran war [SINGAPORE] Taxi operator ComfortDelGro (CDG) will absorb a portion of increased fuel costs at its petrol pumps, amid rising fuel costs due to the Iran war. It will also deploy…
Read MoreAspial Lifestyle proposes transfer to SGX mainboard
The group is eyeing access to equity and debt capital markets in a move aimed at supporting its future funding requirements [SINGAPORE] The board of Catalist-listed Aspial Lifestyle has proposed a transfer of the listing of the company to the mainboard of the Singapore Exchange (SGX), as it seeks access to a broader and more…
Read MoreS&P 500 edges up after report of Iran’s secret outreach to US
Published Wed, Mar 4, 2026 · 10:42 PM — Updated Thu, Mar 5, 2026 · 12:00 AM [NEW YORK] The S&P 500 edged higher in choppy trading on Wednesday (Mar 4) as investors weighed a report that Iranian operatives secretively reached out to the US to pursue talks to end the conflict, while President Donald…
Read MoreApple debuts US$599 MacBook Neo to challenge Chromebooks, Windows PCs
Published Wed, Mar 4, 2026 · 10:39 PM [BENGALURU/SAN FRANCISCO] Apple on Wednesday (Mar 4) unveiled the MacBook Neo, a lower-priced addition to its laptop lineup starting at US$599, as it looks to broaden its reach in a price-sensitive PC market while rivals face tighter supply of memory chips. A lower-priced laptop marks one of…
Read MoreAims Apac Reit to divest S$15 million industrial property for capital recycling
The net proceeds may be redeployed towards acquisitions, asset enhancements and development opportunities [SINGAPORE] Aims Apac Real Estate Investment Trust ( AA Reit ) is looking to divest an industrial property in Singapore for S$15 million as part of its capital recycling strategy. The manager on Wednesday (Mar 4) said that the Reit’s trustee, HSBC…
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