Posts by Liam Redmond
Seven & i Holdings picks Bain as preferred buyer in asset sale: report
Bain is believed to have offered a valuation of more than 700 billion yen for York Holdings JAPAN’S Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday (Feb 22). Bain has been competing…
Read MoreNYC’s controversial pot-shop sheriff files ‘ironic’ personal suit over home-contractors’ procedure
The controversial city sheriff accused of bypassing due process to lock up suspect pot shops has filed an “ironic” lawsuit claiming home contractors he hired are guilty of the same indifference toward procedure. New York City Sheriff Anthony Miranda’s $350,000 lawsuit says his contractor and at least some sub-contractors failed to apply for the permits…
Read MoreMalaysia’s Sunway sets sights on regional expansion
With success in its home base, the company is now looking to expand its reach in the region, especially in existing markets such as Singapore SINCE its launch more than 50 years ago, Sunway Group has made its name building sprawling new townships in Malaysia. But across the Causeway in Singapore, the group remains under…
Read MoreMAS review group disappoints, then delivers
Some market watchers may worry demand-side measures such as the S$5 billion EQDP are the wrong place to start, but the review group has made it clear it will not stop there THE acid test for the first set of measures to revitalise the Singapore market could be whether the local bourse operator’s share price…
Read MoreInitial plans to revive equities market may treat the symptoms but fall short of a cure: industry observers
An effective overhaul of the ecosystem could depend on the full set of measures, due to be released by August THE full update on the Monetary Authority of Singapore (MAS) equities market review group’s first set of measures, released on Friday (Feb 21), drew a cautious thumbs up from industry observers over the weekend. The…
Read MoreTrump Media, Rumble turn to US court in feud with Brazil judge
President Donald Trump’s Trump Media & Technology Group and video-sharing platform Rumble filed an emergency motion in a US court against Brazilian Supreme Court Justice Alexandre de Moraes, the firms said in a statement on Sunday. On Friday, the Justice ordered the suspension of the video platform in the South American country until it complies with court orders, after…
Read MorePope Francis’ tests show early kidney failure as 88-year-old remains in critical condition
Pope Francis remained in critical condition Sunday and blood tests show early kidney failure but he remains alert and “well-oriented,” and attended Mass, the Vatican said, as the 88-year-old pontiff battles pneumonia and a complex lung infection. In a late update, the Vatican said Francis hadn’t had any more respiratory crises since Saturday night but…
Read MoreChinese Student Loses S$921 Camera After Asking Stranger to Click her Photo at Singapore’s Fort Canning
A 21-year-old solo traveler lost her S$921 camera after asking a stranger to assist her in taking a picture at Fort Canning. The Chinese student, who identified herself as Ms. Lee, told Shin Min Daily News that the woman left without returning her camera. The incident happened on Thursday, February 20, at approximately 12:45 pm,…
Read MorePSP Chairman Tan Cheng Bock to Contest Upcoming General Election in West Coast
Tan Cheng Bock, the founder of the Progress Singapore Party (PSP), has declared his intention to run in the next general election. When asked the question by members of the media on Sunday, February 23, the 84-year-old political veteran said, “As long as I am able and I’m still relevant, I will be around… you…
Read MoreTrump looking to sell off Nancy Pelosi Federal Building
President Donald Trump’s White House is looking to sell two prominent federal buildings in San Francisco, including the recently dubbed Nancy Pelosi Federal Building, according to local reports. The Nancy Pelosi Federal Building, a two-decade-old, 18-story tower known as the San Francisco Federal Building until its formal dedication to the former House speaker in December, sits on Mission and…
Read MoreZelensky Vows to Resign as President in Exchange for Ukraine’ NATO Membership or If It Brought Peace to His Country
Ukrainian President Volodymyr Zelensky said that he would resign if Ukraine is given a NATO membership or if it leads to a peace agreement. Zelensky, a former comedian who has led the war-stricken nation since 2019, made the surprising pledge during a press conference on Sunday in response to a reporter’s question. Zelensky expressed his…
Read MoreMan sprung after 30 years in prison thanks to new DNA evidence struggles to adopt to modern times
A man whose conviction for a 1994 murder was overturned on new DNA evidence says he’s having a hard time adjusting to today’s hyper-connected world after spending the past 30 years behind bars. “Everybody is looking at their phones,” Gordon Cordeiro, 51, said in a Zoom interview shortly after his recent release from the Maui…
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