Posts by Liam Redmond
This stock more than doubled in 2025. Now a family feud may unravel all of Nam Lee’s gains
Investors should press for answers as a corporate governance nightmare unfolds at the company [SINGAPORE] The Chinese New Year celebrations next month is shaping up to be an awkward affair for Nam Lee Pressed Metal Industries’ Yong family. The family business was started in the 1950s by the late patriarch Yong Kwong Fae, fabricating galvanised…
Read MorePhilippines to join Indonesia, Malaysia in blocking Grok AI
[MANILA] The Philippines will join Malaysia and Indonesia in blocking Elon Musk’s Grok artificial intelligence chatbot amid growing concerns over sexualized images generated by the AI system, according to a top government official. The Philippines’ cybercrime centre is working with the telecoms commission to implement the “immediate” blocking of Grok, Information and Communications Technology Secretary…
Read MoreMayor Frey accuses ICE of ‘causing chaos’ in Minneapolis after illegal migrant who ambushed fed agent is shot
Minneapolis Mayor Jacob Frey claimed ICE agents in the city were “causing chaos” after an illegal immigrant armed with a shovel “ambushed” an officer and was shot on Wednesday. Frey blamed the nearly 3,000 federal officers deployed across Minneapolis as the reason for the disorder — which included the shooting death of 37-year-old anti-ICE agitator…
Read MoreFlorida Teen Dies, Another Injured After Getting Trapped in Sand Hole at Inverness Park
Two Florida teenagers have died after the pair became trapped in a sand hole at an Inverness park, according to authorities. The two 14-year-old boys were at the park Sunday afternoon digging holes in the sand, which is something they did regularly, according to WFLA News Channel 8 in Tampa Bay. When they did not…
Read MoreSIA Group’s passenger traffic up 1.9% in December
The group’s two carriers carry around 3.8 million passengers in the period – a new monthly record [SINGAPORE] Singapore Airlines (SIA) Group on Thursday (Jan 15) posted a 1.9 per cent year-on-year increase in passenger traffic in December 2025 for the two carriers it operates. It came in at close to 14.2 billion for the…
Read MoreGIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources
A potential Everllence sale comes as VW seeks to boost profitability and streamline its sprawling operations [FRANKFURT] A majority stake in Volkswagen’s heavy diesel engine unit Everllence is attracting interest from a number of private equity firms, according to people familiar with the matter, as the German automaker proceeds with its asset disposal programme. EQT…
Read MoreGerman Man Mauled to Death by His Own American Bulldog While on a Walk
A man has been found mauled to death by his own dog while on a walk. According to police, a 33-year-old man was discovered lifeless in a ditch by a passerby in Lohne, Germany last Thursday, with the dog refusing to leave the man’s body even when emergency responders arrived on the scene, as reported…
Read MoreIndian startup Varaha inks deal with Microsoft to remove 2 million tonnes of carbon dioxide
Project puts a spotlight on smallholder companies and their capability to deliver on carbon removal, says CEO of Varaha [SINGAPORE] Indian startup Varaha inked a deal with Microsoft on Thursday (Jan 15) to develop 18 industrial gasification reactors that will remove about two million tonnes of carbon dioxide over 15 years. The deal was for…
Read MoreSingapore stocks end higher on Thursday despite S-Reit stumble; STI gains 0.4%
However, decliners outnumbered advancers 335 to 277 across the wider market, with 1.4 billion shares worth S$1.5 billion changing hands [SINGAPORE] Singapore shares closed higher on Thursday (Jan 15), despite a decline in overall sentiment and a pullback in major Singapore-listed real estate investment trusts (S-Reits). The Straits Times Index (STI) rose 20.83 points or…
Read MoreCo-living operator The Assembly Place launches Catalist IPO at S$0.23 a share
The company will have an estimated market capitalisation of about S$88.1 million post-listing [SINGAPORE] Home-grown co-living operator The Assembly Place (TAP) has launched its initial public offering (IPO) of about 50.3 million shares at S$0.23 each, and is expected to start trading on the Catalist board on Jan 23. The company registered its prospectus on…
Read MoreVideo shows police officer ambushed in patrol car in explosion of gunfire; suspect found dead after shootout
A Greenville, South Carolina, police officer was ambushed in his patrol car after a suspect pulled up beside him and opened fire in an attack captured on surveillance video and ending with the gunman dead. Video released by the South Carolina Law Enforcement Division (SLED) shows a vehicle pulling into a parking lot and stopping directly alongside the driver’s…
Read MoreUnited Hampshire US Reit acquires Wallingford Fair Shopping Center for US$21.4 million
The price of the freehold property is 8.2% lower than an independent valuation of US$23.3 million [SINGAPORE] The manager of United Hampshire US Real Estate Investment Trust (Reit) has acquired Wallingford Fair Shopping Center in the US for US$21.4 million, it said on Thursday (Jan 15). The price of the freehold retail property is 8.2…
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