Posts by Liam Redmond
Malaysia’s palm oil giant FGV expects higher profit margins in 2025
MALAYSIAN palm oil planter FGV Holdings said on Friday (Feb 28) it expected higher profit margins in 2025, boosted by improved productivity from its estates and elevated palm prices in the first half of the year. Palm prices are expected to average between RM4,300 (S$1,299.58) and RM4,600 a tonne in the first half of 2025…
Read MoreMND Permanent Secretary Ow Foong Pheng Announces Retirement After 38 Years in Public Service
After 38 years in public service, Ow Foong Pheng, Permanent Secretary at the Ministry of National Development (MND), is all set to retire on April 1. The Public Service Division (PSD) announced in a statement on Friday, February 28, that Loh Ngai Seng, Permanent Secretary (designate) at MND, will be appointed to the position on…
Read MoreProperty Tycoon Ong Beng Seng Set to Plead Guilty Over Singapore Ex-Minister Scandal on April 2
Property magnate Ong Beng Seng is scheduled to enter a guilty plea to two counts related to the investigations of former Transport Minister S. Iswaran by the Corrupt Practices Investigation Bureau (CPIB). Ong was accused on October 4, 2024, with aiding and abetting the obstruction of justice and assisting a public worker in receiving gifts.…
Read MoreWho’s still playing Pokémon Go? Ask any of the 48,000 people at this Rose Bowl event
On the golf course just outside the Rose Bowl in Pasadena, thousands of people stride across the grass, phones in their hands and eyes on their screens. “Who has a shiny Oshawott they can trade? What about a Blitzle? Any Pansages?” one person asks. “I’ve got a Snivy!” someone shouts back. “I’ll trade a Panpour,”…
Read MoreLong Island bowling champions honored by Nassau County executive
They’re going to frame this one. Two Long Island individual bowling champions were recently honored by Nassau County Executive Bruce Blakeman with citations recognizing their recent titles. Division High School’s Matt Banfich spared little drama during his comeback victory in the final game with an overall series score of 1,379. Matt Banfich and Amanda Morris…
Read MoreSingapore Charges 3, Including Chinese National After Probe into Nvidia Server Fraud Case
Singaporean police charged three men for allegedly scamming an unidentified computer server supplier, bringing attention to the role that local middlemen play in distributing Nvidia Corp. chips globally. The main question in the case is whether the three of them contributed to deceiving the server supplier by, among other things, falsifying the hardware’s real end-user…
Read MoreCrew Member Injured After ‘Unauthorised Boarding’ of Tanker in Singapore Strait: MPA
The Maritime and Port Authority of Singapore (MPA) said in a media release that a Singapore-registered chemical tanker was boarded without authorisation in the Singapore Strait on Friday morning, February 28. The vessel, Basset, was boarded at about 7 am outside Singapore’s territorial waters in the Singapore Strait, which separates the country from the Indonesian…
Read MoreTemasek-backed companies should not face obligation to list in Singapore: Chee
COMPANIES should not be obliged to list on the Singapore Exchange (SGX), said Second Minister for Finance Chee Hong Tat on Friday (Feb 28), in response to Workers’ Party Member of Parliament Louis Chua’s proposal to encourage Temasek-backed companies to do so. Chua had asked how the Monetary Authority of Singapore (MAS) plans to utilise…
Read MoreTemasek-backed companies should not face obligation to list in Singapore: Chee Hong Tat
COMPANIES should not be obliged to list on the Singapore Exchange (SGX), said Second Minister for Finance Chee Hong Tat on Friday (Feb 28), in response to Workers’ Party Member of Parliament Louis Chua’s proposal to encourage Temasek-backed companies to do so. Chua had asked how the Monetary Authority of Singapore (MAS) plans to utilise…
Read MoreParade of 7 planets is a don’t-miss ‘great alignment’ in the sky: Where, when and how to watch
A seven-luminaries-deep parade of planets will line up and light up the night sky this week, folks. Just after sunset on Feb. 28, 2025, Venus, Mars, Mercury, Jupiter, Saturn, Uranus and Neptune will align for our viewing pleasure. A planetary alignment goes down, up high, when more than two planets align in the sky. How…
Read MoreSingapore shares fall as trade tariff concerns re-emerge overnight; STI down 0.7%
Across the broader market, losers beat gainers 379 to 226, after 2.1 billion securities worth S$2.4 billion are traded SINGAPORE stocks fell in tandem with other regional markets on Friday (Feb 28), as investors reassessed the potential impact of tariffs imposed by US President Donald Trump. The Straits Times Index (STI) lost 0.7 per cent…
Read MoreMinority shareholders request UOI to distribute Haw Par shares, unlock shareholder value
Group, led by independent investor Ong Chin Woo, also asks for an independent financial adviser to be appointed SOME minority shareholders of United Overseas Insurance (UOI) have proposed two resolutions to be tabled at the insurance provider’s upcoming annual general meeting (AGM), in a bid to further unlock shareholder value. These include distributing UOI’s holding…
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