Posts by Liam Redmond
‘Significant’ investor interest in South-east Asia’s wellness real estate sector amid global boom: CLI
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health and wellness industries, said a report by CapitaLand Investment (CLI). Amid a global boom in the wellness economy, the region’s wellness and healthcare real estate sector is poised for further growth, according to the report,…
Read MoreRio Tinto opposes bid to cut London listing, 2024 profit hits five-year low
RIO Tinto does not support a push by some shareholders to consolidate the company’s dual-exchange share listing in Sydney, its CEO said on Wednesday (Feb 19) as the miner reported its lowest full-year underlying earnings in five years. Rio in a separate statement recommended its shareholders in London vote against a resolution requesting a review…
Read MoreIdaho judge strikes blow to Brian Kohberger’s defense with DNA ruling
A judge has denied Idaho college murders suspect Bryan Kohberger’s motions to suppress key evidence collected during search warrants, dealing his defense team a severe, but expected blow. Kohberger’s defense team brought up two DNA samples from unidentified males at the King Road home where he is accused of killing four University of Idaho undergrads,…
Read MoreTrump tariff worries keep gold near record high level
GOLD prices edged higher on Thursday (Feb 20), hovering near their all-time highs as concerns persisted over US President Donald Trump’s tariff strategies, which could fuel inflation and escalate a global trade war. Spot gold rose 0.2 per cent to US$2,938.57 an ounce, as at 0027 GMT. Bullion scaled an all-time high of US$2,946.85 on…
Read MoreSingPost Q3 operating profit down 23.8% at S$21.1 million
SINGAPORE Post’s (SingPost) group operating profit for the third quarter ended December was S$21.1 million, down 23.8 per cent on the year from S$27.7 million. The decrease in operating profit comes as operating expenses for SingPost’s Singapore and International business units outpaced revenue growth. “The decline was driven primarily by ongoing macroeconomic pressures, including…
Read MoreFormer manager at DBS Bank admits cheating 4 clients of S$348k
A WEALTH planning manager with DBS Bank cheated four of his clients of S$348,000 in total by duping them into investing in fictitious fixed deposits with “attractive terms”. Pang Yuheng, 28, also attempted to cheat two more clients. On Feb 19, the Singaporean pleaded guilty to three counts of cheating involving S$324,000. Three more charges,…
Read MoreTelstra’s profit jumps, announces A$750 million share buyback
TOP Australian telecom firm Telstra met consensus expectations for its first-half profit on the back of its mobile business and announced an A$750 million (S$639 million) share buyback, citing cost discipline and confidence in its outlook. Telstra will conduct the on-market buyback through 2025, which CEO Vicki Brady said was consistent with its capital management…
Read MoreSeatrium wins offshore rig contract from Saudi Aramco-backed International Maritime Industries
RIG designer Seatrium Offshore Technology, a wholly owned subsidiary of Seatrium, has secured a contract from shipyard International Maritime Industries (IMI) to provide equipment, and a licence to build a rig in the Middle East and North Africa region. Seatrium will provide a rig kit and a licence to use its rig design. The offshore…
Read MoreStocks to watch: Seatrium, SingPost, Sasseur Reit, CSE Global, United Hampshire US Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 20). Seatrium: It announced on Thursday that its offshore jack-up designer, Seatrium Offshore Technology, won an international tender from shipyard International Maritime Industries for the supply of equipment and licence of a drilling unit. The company said this…
Read MoreFortescue profit plunges as China’s iron ore demand declines
FORTESCUE’s first-half profit plunged by 53 per cent from the year before as demand for iron ore from the biggest consumer China softened. The slump in net income to US$1.55 billion for the six months to December came despite the company reaching its highest-ever shipments of iron ore for a half-year of 97.1 million tonnes.…
Read MoreSasseur Reit posts 0.1% rise in H2 DPU to S$0.02929 on resilient rental income
THE manager of Sasseur Real Estate Investment Trust (Reit) on Thursday (Feb 20) posted a distribution per unit (DPU) of S$0.02929 for the second half ended December, up 0.1 per cent from S$0.02927 in the previous corresponding period. This was supported by resilient rental income under the Reit’s entrusted management agreement (EMA) model. EMA rental…
Read MoreMicrosoft develops AI model for videogames
MICROSOFT has developed an artificial intelligence (AI) model of a videogame which can help generate visuals and actions, the company announced on Wednesday (Feb 19). The model, called Muse, was made in collaboration with Ninja Theory, a developer under Xbox Game Studios – Microsoft’s gaming division. The push towards AI comes as videogame development costs…
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