Posts by Liam Redmond
Ho Bee Land posts 50% fall in H2 net profit to S$50.4 million
The decline follows the deconsolidation of Elementum, decreased rental income and lower settlements of development properties [SINGAPORE] Real estate developer Ho Bee Land on Tuesday (Feb 24) reported a 50 per cent decline in its net profit for the second half of its financial year ended Dec 31, 2025, to S$50.4 million, from S$100.7 million…
Read MoreApple to roll out Made in America Mac mini as part of Trump spend push
Published Tue, Feb 24, 2026 · 07:50 PM [LOS ANGELES] Apple on Tuesday (Feb 24) said it will start building Mac mini desktop computers in Houston later this year, part of a push to do more manufacturing in the US. The company said the assembly would take place at the same site where it last…
Read MoreNorth Gaia EC sales boost Sing Holdings H2 net profit to S$138.2 million; special dividend planned
Developer plans new mega project of more than 1,000 units on two Chuan Grove sites that will be amalgamated [SINGAPORE] Property development and investment group Sing Holdings on Tuesday (Feb 24) posted a record net profit of S$138.2 million for the six months ended December 2025 – over 18 times the S$7.5 million recorded a…
Read MoreOUE Reit to acquire a 19.9% interest in Salesforce Tower in Sydney for S$175 million
The stake will be will be acquired at an agreed property price of about S$319.8 million [SINGAPORE] The manager of OUE Reit has entered into a share and unit sale agreement for a 19.9 per cent stake in Salesforce Tower in Sydney, Australia, for S$175 million. In a bourse filing on Tuesday (Feb 24), the…
Read MoreDel Monte Pacific reaches settlement with US unit’s creditors, is not expected to recover equity interests
The settlement and sale of the assets of Del Monte Foods are the required milestones in order for it to file for bankruptcy [SINGAPORE] Del Monte Pacific (DMP) has reached a settlement with the creditors of its embattled US unit Del Monte Foods (DMF), it said in a bourse filing on Tuesday (Feb 24). The…
Read MoreUber unveils new services as it prepares to bring robotaxis to L.A. soon
Uber announced a new set of services to support ride-hailing for autonomous vehicles ahead of its planned launch of robotaxis in Los Angeles in the coming months. Uber’s new program, called Uber Autonomous Solutions, aims to give robotaxi ventures easy access to Uber’s customers, software and infrastructure. Participating companies would get access to Uber’s platform,…
Read MoreBuffers for Greater China, US exposures ‘more than adequate’ as bad-debt formation slows in Q4: UOB
[SINGAPORE] The provisions that UOB has pre-emptively set aside for commercial real estate “hot spots” in Greater China and the United States are “more than adequate” buffers against potential bad debts, chief financial officer Leong Yung Chee said on Tuesday (Feb 24). He was speaking alongside UOB deputy chairman and chief executive officer Wee Ee…
Read MoreAir India technical incidents such as fuel leaks hit 14-month high
Published Tue, Feb 24, 2026 · 05:44 PM [NEW DELHI] Technical incidents such as engine oil and fuel leaks affecting Air India flights reached their highest rate in at least 14 months in January, a company document shows, underscoring growing strain on the carrier’s revamp ambitions. India’s second-largest airline has come under scrutiny from the…
Read MoreJapan PM Takaichi voiced concern to BOJ’s Ueda over further rate hikes
Published Tue, Feb 24, 2026 · 04:13 PM [TOKYO] Japanese Prime Minister Sanae Takaichi conveyed her reservations about further interest rate hikes when she met with Bank of Japan Governor Kazuo Ueda last week, the Mainichi daily reported on Tuesday (Feb 24), citing multiple unnamed sources. If true, Takaichi’s resistance to an additional rate hike…
Read MoreTrump seeks vows from tech executives to cover data centre costs
Published Tue, Feb 24, 2026 · 01:53 PM [WASHINGTON] White House officials are asking technology companies to pledge that their data centres won’t increase electricity prices and cause other burdens for consumers, according to two sources familiar with the initiative. The effort includes pressing technology executives to sign non-binding compacts vowing that their companies would…
Read MoreMeta executive warned Facebook Messenger encryption plan was ‘so irresponsible’, shows court filing
The company is facing a wave of litigation and regulatory threats globally linked to the welfare of young users Published Tue, Feb 24, 2026 · 01:28 PM [NEW YORK] Meta executives proceeded with a plan to encrypt the messaging services connected to its Facebook and Instagram apps despite internal warnings that it would hinder the…
Read MoreStanChart profit climbs but misses estimates, US$1.5 billion buyback launched
Published Tue, Feb 24, 2026 · 01:15 PM [HONG KONG] Standard Chartered (StanChart) reported on Tuesday (Feb 24) that full-year pretax profit rose 16 per cent on robust performances from its global banking and wealth businesses, although the result fell somewhat short of analysts’ estimates. The emerging markets-focused lender announced a US$1.5 billion share buyback…
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