Posts by Liam Redmond
China brings EV price war to Thailand, dangling 38% discounts
The steep discounts have fuelled a more than 20% surge in sales in both October and November [BANGKOK] Chinese electric vehicle (EV) makers, already struggling with bruising competition at home, have brought their aggressive discounting to Thailand as they look to win over budget-conscious buyers. The savings are eye-catching: BYD slashed as much as 38…
Read MoreThe woke have seized control of NYC’s ‘affordable housing’
Mayor-elect Zohran Mamdani met last week with real-estate-industry leaders, he said, to discuss “the importance of us reducing the timeline of getting New Yorkers into affordable housing.” I want New York City housing to be affordable, too. But I want it to be affordable to working- and middle-class people who pay taxes and respect the…
Read MoreStocks to watch: ST Engineering, ESR-Reit, OUE Reit, Hutchison Port Holdings Trust, Soilbuild Construction
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 15): Source link
Read MoreStocks to watch: ST Engineering, ESR-Reit, OUE Reit, Hutchison Port Holdings Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 15): ST Engineering : Its United States subsidiary, VT San Antonio Aerospace, was one of several companies named in a wrongful death lawsuit on Dec 3. Filed in Kentucky, the lawsuit alleged the maintenance, repair and operations unit’s…
Read MoreESR-Reit sells 8 Singapore assets to Brookfield for S$338m; sale would trim distribution
The move is part of Reit’s strategy to offload non-core assets, particularly those suffering lease decay [SINGAPORE] The manager of ESR-Reit on Monday (Dec 15) has signed a deal to divest eight non-core Singapore assets for S$338.1 million as part of its ongoing portfolio rejuvenation and capital recycling efforts. The sale to unrelated third parties…
Read MoreChina confronts the cost of dismantling the world’s biggest coal sector
Green industries have created more than seven million jobs and ultimately there will be net growth in employment from the energy transition ON A dusty afternoon in the northern reaches of China, dozens of giant trucks queue to fill up on coal for washing and processing. Others wait to take away tonnes of waste rocks…
Read MoreASX hit with A$150 million capital charge, regulatory reforms
The exchange operator will also revamp its internal transformation programme with new targets and commit to stronger leadership [SYDNEY] Australia’s corporate regulator will impose a A$150 million (S$129 million) capital charge on ASX as part of a package to safeguard the nation’s financial markets amid an ongoing probe into the embattled exchange operator. The charge…
Read MoreJets takeaways, report card from NFL Week 15 loss to Jaguars
Takeaways from the Jets’ 48-20 loss to the Jaguars on Sunday: 1. The Jets defense did nothing well Sunday, so you can take your pick of what area you want to focus on. But one of the most shocking things Sunday — and really all season — was the lack of pass rush by the…
Read MoreTokyo Gas to steer more than half of overseas investments to US in next three years, CEO says
The Japanese utility has a long-term contract to procure 1.1 million tonnes of LNG annually from Russia’s Sakhalin-2 project [TOKYO] Tokyo Gas, Japan’s top city gas provider, plans to direct more than half of the 350 billion yen (S$2.9 billion) it has earmarked for overseas investments over the next three years to the US to…
Read MoreKeppel Reit’s dilutive purchase of MBFC Tower 3 a gamble on the sensibilities of S-Reit investors
A quick rebound from its sell-off last week might suggest investors are prepared to stomach some DPU dilution for the right deal at the right time [SINGAPORE] It has been a pretty good year for Singapore-listed real estate investment trusts (S-Reits), with softening interest rates and bullish market sentiment enabling some of the leading players…
Read MoreRebate cuts won’t hurt Singapore’s momentum as South-east Asia’s top EV market in 2026
The Republic’s EV take-up is expected to rise due to a continued price advantage and new benefits for electric heavy vehicles [SINGAPORE] The Republic’s electric vehicle (EV) adoption rate should continue to grow in 2026 despite a cut in incentives for passenger EVs, say industry observers. Passenger EV sales will be driven by cost-effective China…
Read MoreBearish outlook persists for WTI
WEST Texas Intermediate (WTI) crude oil prices have remained weak this year, down 18 per cent year-to-date at the time of writing. After a brief spike in June to US$77 per barrel, attributed to US air strikes on Iran’s nuclear facilities raising fears of a blockage at a key crude output chokepoint, WTI oil prices…
Read More