Posts by Liam Redmond
Hong Kong to tap peg defence fund for first time in 40 years
The HK$4.1 trillion fund works as a backstop for the city’s currency peg to the US dollar Published Wed, Feb 25, 2026 · 08:28 PM [HONG KONG] Hong Kong is planning for the first time in 40 years to draw money from the fund that ensures the stability of its currency peg, in part to…
Read MoreAs Raffles Medical celebrates its golden jubilee, the doctor calls for more patience
[SINGAPORE] For five decades, Raffles Medical Group (RMG) has been the reliable – if somewhat staid – pulse of Singapore’s private healthcare sector. The critiques have been as consistent as its sterile hallways: too slow, too cautious, and too bogged down by the “gestational losses” of its ambitious China expansion. And as the group enters…
Read MoreAlibaba pushes deeper into AI coding tools with low-cost access
The company is making an aggressive push into AI in a dramatic pivot from its traditional focus on online commerce Published Wed, Feb 25, 2026 · 07:33 PM [BEIJING] Alibaba Group Holding, the Chinese e-commerce player that has become a leader in artificial intelligence, is stepping up a push into software coding tools, offering low-cost…
Read MoreHong Leong Finance reports 40.8% fall in H2 net profit to S$30.5 million
Its board recommends a final tax exempt, one-tier dividend of S$0.0615 a share for the full year ended Dec 31, 2025 [SINGAPORE] Hong Leong Finance on Wednesday (Feb 25) announced a 40.8 per cent fall in net profit from S$51.5 million to S$30.5 million for the six months ended Dec 31, 2025. Net interest income…
Read MoreYangzijiang Shipbuilding posts 24.6% rise in H2 profit to 4.5 billion yuan
[SINGAPORE] Yangzijiang (YZJ) Shipbuilding on Wednesday (Feb 25) reported a net profit of 4.5 billion yuan (S$827.4 million) for the second half ended Dec 31, 2025 – 24.6 per cent higher than the 3.6 billion yuan recorded in the corresponding year-ago period. H2 revenue stood at 15.6 billion yuan, a 15.8 per cent year-on-year increase…
Read MoreSingapore Land H2 profit down 11% at S$160.9 million; declares dividend of S$0.045 per share
But revenue for the period is up 6% at S$414.9 million from S$390.5 million previously [SINGAPORE] Property developer Singapore Land Group posted a 11 per cent fall in net profit for H2 2025 to S$160.9 million from S$180.5 million in the previous corresponding period. In a regulatory filing on Wednesday (Feb 25), the mainboard-listed subsidiary…
Read MoreByteDance valued at US$550 billion in proposed share sale by General Atlantic
This marks a 66% jump in value since a share buyback last year priced the company at more than US330 billion Published Wed, Feb 25, 2026 · 06:53 PM [NEW YORK/HONG KONG] Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at US$550…
Read MoreGenting Singapore leads STI’s 0.3% decline on Wednesday
[SINGAPORE] Singapore stocks ended lower on Wednesday (Feb 25), bucking regional gains, which tracked advances in the US market on artificial intelligence (AI) optimism. The benchmark Straits Times Index (STI) lost 0.3 per cent or 13.06 points to finish at 5,007.73. Meanwhile, the iEdge Singapore Next 50 Index remained mostly unchanged at 1,526.59. Across the…
Read MoreAston Martin to cut up to 20% of staff as turnaround stalls
Published Wed, Feb 25, 2026 · 04:56 PM [LONDON] Aston Martin Lagonda Global Holdings will cut as much as a fifth of its roughly 3,000 workforce, as the ailing luxury-car maker grapples with an elusive turnaround made harder by US President Donald Trump’s tariffs. The British company expects savings of around £40 million (S$68.1 million)…
Read MoreOCBC bank explores physical gold custody business for institutional, wealthy clients
Published Wed, Feb 25, 2026 · 04:09 PM [SINGAPORE] Singapore’s Oversea-Chinese Banking Corp (OCBC) is exploring setting up a custody business for physical gold geared toward institutional and high-net-worth clients, as demand for its app-based trading product accelerates, senior executives said on Wednesday (Feb 25). The potential move by the second-largest bank in Singapore comes…
Read MoreDeliveroo pulls out of Singapore after 10 years
[SINGAPORE] Food delivery platform Deliveroo is exiting the Singapore market after a decade, with the final day of service set to be Mar 4. Parent company DoorDash said the decision is “not an indication of the business performance”. It will also be ceasing operations in Qatar, Japan and Uzbekistan across its Deliveroo and Wolt brands.…
Read MorePrivate credit fund is selling US$477 million of assets at 94% value as industry worries continue
Published Wed, Feb 25, 2026 · 01:47 PM [NEW YORK] A New Mountain private credit fund sold US$477 million of assets at 94 cents on the dollar, at a time when investors have grown increasingly concerned about the risks underlying the US$1.8 trillion market. New Mountain Finance, a business development company, said that it was…
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