Posts by Liam Redmond
DBS, UOB, OCBC return surplus capital with over S$700 million of buybacks
[SINGAPORE] In the first five months of 2025, 63 primary-listed Singapore companies conducted share buybacks through open market acquisitions, spending a total of S$930 million – an 84% jump from S$505 million in the same period last year. This was the highest buyback level for the first five months of a year since 2020, based…
Read MoreThailand’s virtual bank race heats up
[BANGKOK] Thailand’s finance ministry is set to issue three virtual banking licenses by mid-June – a move that could jolt the country’s lucrative but tightly held financial sector, long dominated by a few powerful incumbents. The digital permits aim to inject long-awaited competition into the banking landscape. “The good thing is that, finally, the government…
Read MoreCybersecurity firm Goldilock invests S$1.2 million, opens regional HQ in Singapore
It will hire five engineers here within the first 18 months of opening, and about 20 people over the coming three years [SINGAPORE] Cybersecurity company Goldilock has announced the opening of its first office in Singapore and Asia-Pacific headquarters on Monday (Jun 2), as part of a S$2 million investment. It invested S$1.2 million to…
Read More‘Race Across the World’ star Sam Gardiner dead at 24
Former “Race Across the World” contestant Sam Gardiner has died following a car crash. He was 24. Gardiner was behind the wheel of a white Volkswagen in Manchester, England, on Monday night when the vehicle left the roadway, overturned, and landed on its side, according to Greater Manchester Police. He was the only passenger of the…
Read MoreDBS mobile app customers face intermittent access on Monday; bank says issue resolved
More than 1,000 reports have been made on outage tracking site Downdetector since around 2 pm DBS and POSB customers had difficulties accessing the bank’s mobile apps on Monday (Jun 2) afternoon. More than 1,000 reports were made on outage tracking site Downdetector since around 2 pm, mostly for mobile login and mobile banking issues.…
Read MoreDBS mobile app customers face intermittent access on Monday
DBS and POSB customers had difficulties accessing the bank’s mobile apps on Monday (Jun 2) afternoon. More than 1,000 reports were made on outage tracking site Downdetector since around 2pm, mostly for mobile login and mobile banking issues. Digibank app customers were either unable to log in to their accounts, according to online forums and…
Read MoreNio’s May deliveries up 13.1% as Firefly rolls out, but stock hovers near 52-week low
[SINGAPORE] Chinese electric vehicle (EV) maker Nio delivered 23,231 vehicles in May, marking a 13.1 per cent increase year on year, the company said in a regulatory filing on Sunday (Jun 1). This was, however, about 2.8 per cent fewer vehicles compared to Nio’s delivery of 23,900 vehicles in April. Of the deliveries made in…
Read MoreTeen trapped trying to rescue cherished dogs that fell down a California well saved by elite recuse team: fire officials
A California teen had to be rescued by a specialized team after becoming trapped in an abandoned mine shaft trying to save the family dogs that had already fallen in, according to fire officials. The 15-year-old became stuck 15 to 20 feet down just before 7 p.m. Saturday after a well-intentioned attempt to save two…
Read MoreBank of Japan sets aside maximum provision of losses for bond transactions
The moves come as the Japanese central bank faces mounting pressure to keep hiking borrowing costs, after it kept short-term interest rates steady in its May meeting Published Mon, Jun 2, 2025 · 01:32 PM [BENGALURU] The Bank of Japan (BOJ) has set aside the maximum provision for losses on bond transactions, a spokesperson for…
Read MoreHSBC to inject US$4 billion into its private credit funds
Banks have been trying to muscle in, with some such as Citi and UBS partnering with existing players Apollo and General Atlantic Published Mon, Jun 2, 2025 · 01:20 PM [LONDON] Europe’s biggest bank HSBC will inject US$4 billion into its private credit funds, amid a wider push by banks into the booming market as…
Read MoreExclusive | Lefty Albany pols pushing series of bills to approve early parole for violent convicts, Nassau DA warns
The Democratic-run New York state legislature could rush through a series of bills to give convicts early parole and prevent law enforcement from keeping dangerous criminals off the streets, Nassau County District Attorney Anne Donnelly warned Sunday. In recent years, Democrats clawed back controversial cashless bail and discovery laws after serial criminals were let loose,…
Read MoreThe long-term payoff Yankees are hoping for from ‘heightened-up’ Dodgers series
LOS ANGELES — If nothing else, the Yankees are hoping their weekend series against the Dodgers will at least have one positive. The World Series rematch obviously did not come with the kind of pressure and high stakes that last October did, but the environment at Dodger Stadium — especially for a late May/early June…
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