Posts by Liam Redmond
Latest Singapore six-month T-bill cut-off yield down at 1.79%
[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 1.79 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul 17). This is a decline from the 1.85 per cent offered in the previous six-month auction that closed on Jul 3. It is yet another…
Read Moremm2 Asia evaluating all available options, including winding up Cathay Cineplexes
[SINGAPORE] Cathay Cineplexes parent company mm2 Asia said on Thursday (Jul 17) that it is evaluating all available options to address its financial challenges, including winding up the cinema chain. The other options included continuing negotiations with Cathay’s landlords, with the aim of restructuring existing obligations consensually, and restructuring the cinema’s existing obligations under a…
Read MoreJapan’s Sega eyes return to 1990s gaming glory
[TOKYO] The big-screen success of 1990s video game speedster Sonic the Hedgehog has brought new fans to Japan’s Sega, which says it is poised for a comeback after two tough decades. This year, all eyes have been on Nintendo, whose Switch 2 recently became the fastest-selling console in history. But unlike its former arch-rival, Sega…
Read MoreCity Energy launches app-free electric vehicle charging across Singapore, Malaysia
[SINGAPORE] City Energy’s electric vehicle (EV) charging arm, Go by City Energy, on Wednesday (Jul 16) introduced the first app-free EV charging experience in Singapore. The new “AutoCharge” system will enable EV drivers to plug in and charge their vehicles, with no QR codes or logins required apart from a one-time set-up on the Go…
Read MoreAmara announces it will delist from SGX mainboard on Jul 21
[SINGAPORE] Hotel and property group Amara Holdings announced on Thursday (Jul 17) that it will be officially delisted from the mainboard of the Singapore Exchange as at 9 am on Jul 21. On Jun 10, Amara’s privatisation offer had succeeded, where valid acceptances amounted to close to 97.8 per cent of the total shares. The…
Read MoreWhat is Laopu Gold? Its stock soared 2,000%, and now it’s opened a store in Marina Bay Sands
[SINGAPORE] Up-and-coming Chinese jewellery label Laopu Gold has made waves in the past year with both consumers and investors. There has been rapidly rising demand for its offerings – and a stock price that has soared more than 2,000 per cent since its blockbuster Hong Kong listing at an initial public offering price of HK$40.50 last…
Read MoreAsia: Stocks struggle as traders eye Fed saga, trade war
[HONG KONG] Asian markets fluctuated on Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve. Traders have walked a cautious line this week as they ascertain the trade outlook after the US president unveiled a flurry of fresh tariff threats, with…
Read MoreScale AI to cut 14% of staff following Meta investment
[SAN FRANCISCO] Scale AI is laying off hundreds of employees from its data-labelling business, one-month after Meta Platforms invested US$14.3 billion in the startup and hired away its chief executive officer. The company cut 200 full-time employees, about 14 per cent of its global workforce, and will provide severance, Scale spokesperson Joe Osborne said on…
Read MoreFrench prosecutors demand Fiat face trial in diesel scandal
Published Thu, Jul 17, 2025 · 10:50 AM [PARIS] French prosecutors have demanded Italian car maker Fiat face trial on fraud charges over the emissions-tampering scandal that struck German giant Volkswagen, a source told AFP on Wednesday. It is the fourth trial demanded in France against major car makers after cases against Volkswagen and the…
Read MoreThailand seeks ways to curb gold price impact on currency
[BANGKOK] Thailand’s central bank and the finance ministry are discussing ways to address currency moves that are not aligned with fundamental factors, including the impact of gold prices, according to a deputy governor. Gold prices are among the non-fundamental factors affecting the baht’s movement and authorities are looking at ways to reduce the correlation between…
Read MoreGold dips as US dollar firms, Trump’s Powell remarks ease market jitters
Published Thu, Jul 17, 2025 · 10:22 AM [BENGALURU] Gold prices dipped in early Asian trade on Thursday (Jul 17), pressured by a firmer US dollar and easing market tensions after US President Donald Trump said it was “highly unlikely” he would dismiss Federal Reserve chair Jerome Powell. Spot gold was down 0.2 per cent…
Read MoreST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager Seraya Partners
[SINGAPORE] ST Engineering Urban Solutions, a wholly owned subsidiary of ST Engineering, has entered into an agreement with national grid operator SP Group to divest their joint venture (JV) SPTel, an enterprise broadband connectivity provider. On Thursday (Jul 17), ST Engineering and SP Group said that the proposed transaction will better position SPTel to scale…
Read More