Posts by Liam Redmond
Yangzijiang Financial H2 earnings soar to S$197.3 million
INVESTMENT management firm Yangzijiang Financial reported a net profit of S$197.3 million in the second half ended Dec 31, 2024, an increase of about four times from S$39.3 million a year ago. Its second-half revenue came in at S$164.9 million, up 16 per cent from S$142.3 million, the group said in a bourse filing on…
Read MoreYangzijiang Financial H2 earnings soars to S$197.3 million
INVESTMENT management firm Yangzijiang Financial reported a net profit of S$197.3 million in the second half ended Dec 31, 2024, an increase of about five times from S$39.3 million a year ago. Its second-half revenue came in at S$164.9 million, up 16 per cent from S$142.3 million, the group said in a bourse filing on…
Read MoreThe Knicks’ lost weekend is making their playoff potential disturbingly clear
This essentially was like “Weekend at Bernie’s” for the Knicks, who appeared comically dead for the majority of their two latest losses to the NBA’s elite. Yes, they slashed a gaping 27-point hole to four in the third quarter Sunday afternoon in Boston, only to allow the Celtics to score the next 10 points en…
Read MoreApple plans US$500 billion in US investment, 20,000 research jobs in next four years
APPLE said on Monday (Feb 24) it would spend US$500 billion in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time. That US$500 billion in expected spending includes everything from purchases…
Read MoreWhy the ‘war on inflation’ is over — even though the ‘experts’ don’t get it
The war is over: not the war in Ukraine or Gaza – I mean the war on inflation. Shoppers, understandably, are still freaking out in the grocery aisles, most recently over egg prices. Meanwhile, economists, politicos and pundits continue to sweat allegedly “sticky” categories for goods and services and rising wages – especially after January’s…
Read MoreSingapore shares slip on Monday after MAS unveils stock market measures; STI down 0.1%
Across the broader market, gainers beat losers 298 to 286, after 1.4 billion securities worth S$1.7 billion change hands SINGAPORE stocks closed marginally lower at the end of the first trading session since the Monetary Authority of Singapore (MAS) unveiled plans to boost the stock market. The benchmark Straits Times Index (STI) dipped 0.1 per…
Read MoreAdani plans 1.1 trillion rupees of new investments in India growth push
Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees (S$17 billion) of new investments in India, signalling the conglomerate’s focus on growing in its home market while fighting corruption charges in the US. This will fund projects ranging from pumped storage to cement and mining to smart-metres and thermal energy, Adani…
Read MoreNYC’s notorious Roosevelt Hotel shelter will be migrant-free in coming months, Mayor Eric Adams says
The notorious Roosevelt Hotel migrant shelter in Manhattan is expected to close down operations in the coming months, Mayor Eric Adams announced Monday as the number of asylum seekers in the city’s care continues to drop since President Trump took office. Adams, a Democrat, called the impending closure of the centralized intake center and emergency…
Read MoreDBS CEO sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial intelligence increasingly takes on roles carried out by human beings. South-east Asia’s largest lender has approximately 8,000 to 9,000 of such staff, according to chief executive officer Piyush Gupta replying to a query…
Read MoreChinese firms dump Europe for Hong Kong to raise funds
CHINESE companies that once pursued additional listings in Europe are abandoning those plans after Beijing’s securities regulator tightened some rules, pushing many issuers to sell shares in Hong Kong instead. Take Contemporary Amperex Technology Co Ltd (CATL). The car-battery giant considered selling at least US$5 billion of global depositary receipts in Switzerland, people familiar with…
Read MoreDear Abby: My brother is engaged to a argumentative shrew — should I break them up?
DEAR ABBY: My brother just got engaged to the “WOAT” (Worst of All Time). They have been dating for 2 1/2 years, and nobody in the family has anything good to say about her. In the past, he always had stable relationships with girls we really enjoyed. But now he’s getting older, his friends are…
Read MoreSingapore Car Bursts into Flames Along CTE Causing Heavy Traffic Till Braddell Road, Drives Escapes Unharmed
A car burst into flames along the CTE on Sunday evening, February 23 leading to heavy congestion. However, the driver was able to escape unharmed. The Singapore Civil Defence Force (SCDF) said that the fire, which happened on the lane leading to the Seletar Expressway after the Ang Mo Kio Avenue 1 exit, was reported…
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