Posts by Liam Redmond
Hong Leong Asia H2 net profit rises 12.2% to S$38.2 million
HONG Leong Asia reported a net profit of S$38.2 million for its second half ended Dec 31, 12.2 per cent higher than the S$34.1 million recorded in the year-ago period. Revenue stood at S$1.998 billion for the group, which manufactures and sells powertrain solutions and building materials, down 0.4 per cent from S$2 billion the…
Read MoreHong Kong to launch scheme to facilitate tech listing applications
HONG Kong will launch a scheme to facilitate listings of tech companies on the stock exchange, the latest move to boost the appeal of the fundraising hub amid growing appetite among Chinese companies to raise funds offshore. Hong Kong Stock Exchange (HKEX) will establish a dedicated “technology enterprises channel”, Hong Kong’s Financial Secretary Paul Chan…
Read MoreThese 2 diet changes can help you sleep longer — and how scientists used Pokémon to figure it out
Milk your diet for all it’s worth. If you’re not catching enough zzzs at night, you may not be getting enough nutrients. New research out of Japan found that the carbohydrates, fiber, proteins and fats we consume can directly influence our ability to fall asleep as well as the duration and quality of our slumber.…
Read MoreIndonesia, home to giant gold mine, launches bullion banking
INDONESIA has launched its first bullion banks in a bid to draw tonnes of privately held gold into the financial system of South-east Asia’s largest economy. The region’s largest gold producer on Wednesday (Feb 26) inaugurated gold banking services at state-owned Bank Syariah Indonesia and pawn broker Pegadaian, a unit of state-run banking giant Bank…
Read MoreUOB Kay Hian’s H2 earnings up 9.2%
KEY POINTS H2 FY2024 UOB Kay Hian’s net profit rose 9.2 per cent year on year to S$110.3 million for the second half of financial year 2024 ended December, the securities brokerage announced on Wednesday (Feb 26). Revenue increased 16.3 per cent to S$353.2 million. Commission and trading income improved by 32.6 per cent to…
Read MoreSingapore shares fall as company earnings disappoint; STI down 0.2%
On the broader market, gainers beat losers 330 to 236 after 1.5 billion securities worth S$1.7 billion changed hands SINGAPORE shares fell on Wednesday as Straits Times Index (STI) constituents OCBC and City Devleopments announced financial results that fell short of analyst expectations on Wednesday (Feb 26). The STI shed 0.2 per cent or 7.82…
Read MoreCelebrity hairstylist Jesus Guerrero’s family thanks Kylie Jenner for covering hairstylist’s funeral expenses
Jesus Guerrero’s family has thanked Kylie Jenner for her contribution to cover his funeral costs. Instagram/@kyliejenner Jesus Guerrero’s family has thanked Kylie Jenner for her generous contribution to cover the funeral costs following the celebrity hairstylist’s sudden death at age 34. News broke Saturday that Guerrero, a beloved celebrity beautician who also worked with Jennifer…
Read MoreMaybank Q4 profit rises 6.1% to RM2.5 billion
MAYBANK’S net profit for the fourth quarter rose 6.1 per cent to RM2.5 billion (S$764 million), supported by improved regional economic conditions, the bank said on Wednesday (Feb 26). Malaysia’s largest lender also attributed the increase in net profit for the three months ended Dec 31, 2024, to higher income from its wealth management, investment…
Read MoreChina says Taiwan seeks to give away chip industry to US
China said on Wednesday (Feb 26) that Taiwan was seeking to give away the island’s semiconductor industry to the United States as a “souvenir” and leverage it to seek political support from Washington. US media have said Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker and a major supplier to companies such as…
Read MoreIndonesia reaches pact with Apple, signalling end for iPhone ban
APPLE has signed an agreement with Indonesia to invest in the country, paving the way for sales of the iPhone 16 to resume in South-east Asia’s largest nation. The agreement was announced by Minister for Industry Agus Gumiwang Kartasasmita in a media briefing in Jakarta on Wednesday (Feb 26), as reported by Bloomberg Technoz. Bloomberg…
Read MorePlans to nationalise? Ask the government, says SingPost’s chairman
THE question of whether there are plans to nationalise Singapore Post (SingPost) should be posed to the government, said Simon Israel, chairman of the listed national postal service provider. “You have to ask the government, not me,” Israel said at a media roundtable on Wednesday (Feb 26). As to the question of possible privatisation, Israel…
Read MoreRangers’ Brennan Othmann gets a look as injured Chris Kreider sits again
Brennan Othmann played his first game of the season with the Rangers on Long Island on Tuesday as the Blueshirts remained without Chris Kreider for a second straight match. Kreider was a late scratch on Sunday afternoon in Pittsburgh with an upper-body injury, the latest in an injury-plagued season. After the 5-1 thrashing of the…
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