Posts by Liam Redmond
Apac Realty H1 net profit falls 16.8% to S$9.4 million; special dividend of S$0.036 a share proposed
Decline in net profit comes largely from fewer transactions in primary and secondary markets [SINGAPORE] Real estate services player Apac Realty on Monday (Aug 3) posted a net profit of S$9.4 million for the first half ended June, down 16.8 per cent from S$11.3 million in the year-ago period. Earnings per share decreased to S$0.0217…
Read MoreDBS hires ex-Standard Chartered banker to lead India wealth team
Published Mon, Aug 3, 2026 · 06:58 PM DBS has hired Nitin Chengappa, a former Standard Chartered banker, to head its wealth-management business in India as it bets on rising demand for tailored products from the country’s newly rich. Chengappa joined the lender in July and reports to Ambuj Chandna, who heads DBS’ consumer banking…
Read MoreKore US Reit bags 10-year lease with life sciences firm at business campus in Washington state
Deal will increase committed occupancy at The Westpark Portfolio from 73% to 77.1% [SINGAPORE] The manager of Kore US Real Estate Investment Trust ( Kore US Reit ) has inked a 10-year lease agreement for about 32,000 square feet (sq ft) of space at its freehold business campus in Redmond, Washington. The lease will increase…
Read MoreShein proposes cash payouts, more shares for late-stage investors ahead of IPO
The firm has agreed to give backers in some rounds a guaranteed cash payout equal to an 8% annual return Published Mon, Aug 3, 2026 · 05:09 PM [HONG KONG] Shein is considering lowering the cost of investment for some late-stage investors as the fast-fashion retailer pursues an initial public offering at a lower valuation,…
Read MoreMaybank to take full control of Etiqa after buying Ageas’ stake for US$1.2 billion
The lender expects full ownership to help it manage capital more efficiently, support its dividend policy Published Mon, Aug 3, 2026 · 03:46 PM [KUALA LUMPUR] Maybank has agreed to buy out Belgian insurer Ageas’ minority stake in Etiqa, a move that would give Malaysia’s biggest lender full ownership of the South-east Asian insurer. The…
Read MoreOCBC taps Beijing’s ZGC to capture Chinese tech interest in Asean
The partnership gives the lender access to the Chinese company’s network of over 14,000 technology firms [SINGAPORE] OCBC is partnering Beijing state-owned enterprise ZGC International as it aims to secure banking business from high-growth Chinese technology companies expanding into Asean. ZGC manages overseas assets and provides cross-border services to help these firms expand globally. The…
Read MoreHackers hit Bitcoin’s safest hiding place in ongoing attack
Published Mon, Aug 3, 2026 · 02:12 PM HACKERS have found a software flaw in a brand of “cold” Bitcoin wallet – considered one of the safest places to store cryptocurrency – and are siphoning tens of millions of dollars in an ongoing attack. Late last week, Canada-based Coinkite notified users of its Coldcard devices…
Read MoreA-Sonic Aerospace unit to buy majority stake in JGL Worldwide’s parent to grow Asean footprint
[SINGAPORE] Mainboard-listed A-Sonic Aerospace , via its subsidiary A-Sonic Logistics, will acquire an aggregate equity interest of 60 per cent in 3DC Solutions for S$15.2 million, announced the logistics and aviation group on Monday (Aug 3). The move, expected to be completed on Oct 1, marks the beginning of the group’s next phase of growth…
Read MoreSouth Korea’s Kospi tumbles over 4% as Asian stocks retreat
Published Mon, Aug 3, 2026 · 11:25 AM ASIAN stocks fell as South Korean chipmakers tumbled, while oil declined and Treasuries rose after US President Donald Trump said fresh US-Iran talks would begin on Monday (Aug 3) – boosting optimism that the two sides will reach a deal to reopen the Strait of Hormuz. Brent…
Read MoreYen leaps after joint US-Japan forex intervention, leaving the US dollar bruised
The yen surged more than 3% surge over two trading sessions in the week ended Aug 2 Published Mon, Aug 3, 2026 · 09:48 AM [SINGAPORE] The yen leapt on Monday (Aug 3), keeping traders on alert for further intervention from authorities to shore up Japan’s historically weak currency, days after Tokyo and Washington jointly…
Read MoreYen climbs as traders watch for further US-Japan forex intervention
The yen also advanced against other currencies like the euro, sterling and Singapore dollar Published Mon, Aug 3, 2026 · 09:48 AM — Updated Mon, Aug 3, 2026 · 11:50 AM [SINGAPORE] The yen leapt on Monday (Aug 3), keeping traders on alert for further intervention from authorities to shore up Japan’s historically weak currency,…
Read MoreCXMT’s US$1 trillion target gap flags high stakes in chip battle
Forecast see its valuation in the next 12 months ranging from US$160 billion to US$1.1 trillion Published Mon, Aug 3, 2026 · 09:38 AM [HONG KONG] Analyst opinions are more polarised on CXMT than any other stock in Asia, delineating the key arguments driving volatility in the memory chip stock trade. In just a week…
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