Posts by Liam Redmond
Seatrium loses appeal to block US$126.6 million rig contract payment
The group will continue with arbitration to resolve dispute and seek recovery of payment [SINGAPORE] Seatrium on Friday (Sep 12) said its appeal in the Singapore court to block a US$126.6 million standby letter of credit payment related to a rig contract with a customer has been dismissed. The offshore and marine energy solutions company…
Read MoreApple postpones release of new iPhone Air in mainland China
The company’s China website would not let customers in the region order the new, thinner device [BEIJING] Apple delayed the launch of its new iPhone Air in mainland China, citing regulatory approval issues. When pre-orders for the new models began on Friday (Sep 12), the company’s China website would not let customers in the region…
Read MoreChina’s credit expansion slows on weak demand, slower bond sales
China has been struggling to overcome the collapse of demand for borrowing linked to the property sector [BEIJING] China’s credit growth slowed from a year ago in August with its loan expansion falling short of forecasts, as demand for financing stayed soft while the government borrowed less to fund spending such as infrastructure investment. Aggregate…
Read MoreOvercoming Fear of Failure: The Path to Unlocking Opportunity
Fear of failure cripples too many potential leaders. I’ve noticed this pattern repeatedly throughout my entrepreneurial journey – people hesitate to take action because they’re afraid of what might go wrong. But here’s the truth: failure is inevitable and completely okay. When people look at successful entrepreneurs, they often see only the wins. They see…
Read MoreEU could quit Russian gas within a year, US energy chief says
The United States is ramping up pressure on Europe to cut off energy revenue to Moscow, seeking to end the war in Ukraine [BRUSSELS] The European Union could phase out Russian gas within six to 12 months by replacing it with US liquefied natural gas (LNG), US Secretary of Energy Chris Wright told Reuters on…
Read MoreDesensitized, detached, disposable — the aftermath of Charlie Kirk’s death shows how living in our own algorithms is a recipe for dystopia
Charlie Kirk became one of the most powerful figures in politics because he did something extraordinary in today’s world. He went to college campuses and conversed with young people. Kirk debated folks who vehemently disagreed with him. The devout Christian publicly had good-humored exchanges with a dude dressed in a satanist costume and a number…
Read MoreCalifornia’s Punjabi truckers say they’re being harassed after deadly Florida wreck
For 15 years, Sumit Singh has hauled freight to and from Los Angeles ports and across the country. For the first time, though, the Punjabi Sikh truck driver is now reluctant to leave the state. Three of his colleagues have been detained by immigration officers, and new trucking horror stories pop up in his WhatsApp…
Read MoreSingapore boards are unprepared for future complexities: Piyush Gupta
Their role transcends beyond being a ‘policeman’, he says; they also need to be a ‘navigator’ and ‘shepherd’ [SINGAPORE] Many corporate boards are largely unprepared for future complexities, said former DBS chief executive Piyush Gupta at a conference organised by the Singapore Institute of Directors (SID) on Friday (Sep 12). Speaking at a panel, Gupta…
Read MoreIn surprise twist, Armani’s will instructs heirs to gradually sell fashion brand or seek listing
The late designer has left instructions for a 15% stake to be sold within 18 months [MILAN] Late designer Giorgio Armani in his will instructed heirs to gradually sell the fashion brand he created 50 years ago or seek a stock market listing, marking a surprising turn for a company highly protective of its independence…
Read MoreSnowboarder rescued hours after plummeting over edge of Colorado glacier
A snowboarder who took a wrong turn over the edge of a famous glacier in Colorado and plummeted roughly 100 feet was rescued after spending more than three hours stranded on Monday. The unidentified 27-year-old snowboarder took his ill-fated fall while trying to descend the Skyscraper Glacier, a famous permanent snowfield near Rollins Pass in…
Read MoreSGX to launch index that tracks non-STI listcos: Chee Hong Tat
The STI comprises the 30 largest companies by market capitalisation, but represents only a portion of SGX’s listed companies [SINGAPORE] The Singapore Exchange (SGX) will be launching an index that tracks listed companies that are not constituents of the Straits Times Index (STI), as part of the regulator’s efforts to showcase its broader equity market,…
Read MoreTrump administration moves to lift ruling that blocked removal of Fed Governor Cook
US PRESIDENT Donald Trump’s administration on Thursday asked a federal appeals court to let Trump remove Federal Reserve Governor Lisa Cook for now, a move Cook’s lawyers said could cause market turmoil with the central bank set to meet next week to decide on interest rates. Trump moved to fire Cook in late August, but…
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