Posts by Liam Redmond
Hin Leong liquidator succeeds in High Court bid to wind up Yuantai Fuel Trading
During the Friday morning hearing, the bunker firm did not raise any objections to the order [SINGAPORE] The High Court granted a winding-up order against local bunker firm Yuantai Fuel Trading on Friday (Feb 13). This is the latest development arising from the liquidation of collapsed oil trading giant Hin Leong Trading. The application, filed…
Read MoreTuck Lee Ice sues for S$500,000 over alleged ‘wrongful’ re-directing of search results
An online search for its name last year would show the results diverted and redirected to Superior Products Asia’s corporate name and website [SINGAPORE] Ice supplier Tuck Lee Ice has sued Superior Products Asia for S$500,000 over alleged passing off, impersonation and misrepresentation through “wrongfully” directing search results and associated online listings to the defendant’s…
Read MoreSingapore stocks falter on Friday; STI down 1.6%
[SINGAPORE] Singapore shares ended lower on Friday (Feb 13), tracking losses on regional indices. The benchmark Straits Times Index (STI) fell 1.6 per cent or 78.98 points to 4,937.78. Meanwhile, the iEdge Singapore Next 50 Index nudged down 0.4 per cent or 6.06 points to 1,513.52. Across the broader market, losers outnumbered gainers 413 to…
Read MoreDBS launches zero-remittance-fee payment service to Chinese digital wallet
The bank is also looking to link its DBS PayLah! service to Weixin Pay to further cross-border payments [SINGAPORE] DBS customers looking to transfer money to Chinese e-wallet Weixin Pay accounts without having to pay remittance fees can now do so with a new service by the bank. The cross-border payment service to the Chinese…
Read MoreLum Chang Creations receives SGX nod for mainboard transfer from Catalist
[SINGAPORE] Lum Chang Creations (LCC) on Friday (Feb 13) received in-principal approval from the Singapore Exchange (SGX) to transfer from the Catalist bourse to the mainboard. LCC managing director Lim Thiam Hooi said: “A mainboard listing will elevate our corporate profile, enhance our visibility among institutional investors, and provide a stronger platform for our next…
Read MoreChina is snapping up overseas assets again, from Puma to metals
The turnaround is gathering momentum after a prolonged lull that began in the mid to late 2010s [HONG KONG] After Beijing slammed them shut about a decade ago, the gates have flung open again for Chinese firms to go on overseas acquisition sprees. In January alone, the volume of outbound mergers and acquisitions (M&A) from…
Read MoreWatch this space: Analysts upbeat on Singapore’s new space agency, but see no near-term lift for stocks
[SINGAPORE] The formation of the National Space Agency of Singapore (NSAS) marks a pivotal step in the Republic’s push to strengthen its position in the global space economy. But although analysts are optimistic about its long-term structural potential, they warn against expecting an immediate boost to corporate earnings or share prices. Announced on Feb 2,…
Read MoreCnooc to lift offshore wind power capacity by 40% this year
Published Fri, Feb 13, 2026 · 11:45 AM CHINA National Offshore Oil Corporation (Cnooc) plans to boost its offshore wind power capacity by about 40 per cent this year, tapping growth in the country’s burgeoning clean energy market as the outlook for oil weakens. The country’s third-biggest oil and gas producer aims to raise its…
Read MoreGold and silver rise from near one-week lows on bargain-hunting
Investors now await inflation data due later in the day for more cues on the Fed’s monetary policy path Published Fri, Feb 13, 2026 · 10:14 AM [BENGALURU] Gold and silver rebounded on bargain-hunting on Friday (Feb 13) after sliding to one-week lows in the previous session, with a break below key supports deepening losses…
Read MoreJapan Foods’ lead independent director investigated by CAD on ‘personal matter’
Tan Cher Ting has not been charged with any offence, but will step down from the role [SINGAPORE] The lead independent director of restaurant operator Japan Foods , Tan Cher Ting, is currently out on bail after being interviewed by the Commercial Affairs Department (CAD) on Wednesday (Feb 11). The interview was in connection with…
Read MoreMalaysia’s solar leader to ramp up output as battery prices drop
Solarvest currently has around 1.2 GW of capacity in the South-east Asian country Published Fri, Feb 13, 2026 · 09:27 AM [KUALA LUMPUR] Malaysia’s biggest solar company Solarvest Holdings plans to more than double its generation capacity in the next two years, as declining battery costs enables further deployment of renewables. Power-hungry artificial intelligence (AI)…
Read MoreDasmond Koh’s NoonTalk Media on shaky ground as H1 losses double, liabilities surge
It affirms its ability to continue as a going concern, although current liabilities exceed current assets as at Dec 31 NOONTALK Media posted a net loss of S$1.6 million for its first half ended Dec 31, 2025, almost doubling from a net loss of S$878,316 in the year-ago period. The entertainment company helmed by former…
Read More