Posts by Liam Redmond
OKP unit wins S$258.3 million LTA contract to construct new cycling paths in east
[SINGAPORE] A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority (LTA) for the construction of new cycling path networks in the eastern region of Singapore. This is the largest contract in value that OKP has secured to date. It also marks the…
Read MoreOlam secures US$1.85 billion loan
The first tranche is a US$1.6 billion conventional loan, while the remaining US$250 million will be issued as an Islamic loan [SINGAPORE] Agribusiness giant Olam has secured a US$1.85 billion loan for general corporate purposes, said the company on Friday (May 30) via a bourse filing. The loan, which was taken by Olam Agri –…
Read MoreLiverpool FC crash suspect, a Royal Marine and dad of three, breaks down during first court appearance
The UK driver accused of mowing down dozens of Liverpool FC soccer fans at a championship parade was close to tears as he faced court for the first time Friday — as it was revealed he’s a former Royal Marine and a dad of three. Paul Doyle, 53, was charged with multiple counts of causing…
Read MoreChina’s central bank injects 700 billion yuan of outright reverse repos in May
Market participants are closely watching for signals on when the PBOC will resume purchases of its own government bonds Published Fri, May 30, 2025 · 06:57 PM [SHANGHAI] China’s central bank has injected 700 billion yuan (S$125.5 billion) into its banking system during May through an outright reverse repurchase tool, the bank said on Friday…
Read More4 Teenagers Arrested in Singapore Over Attempted Robberies After Posing as Luxury Watch Buyers
Four men aged 17 to 19 were arrested on suspicion of being involved in two attempted robberies in which they targeted victims trying to sell costly timepieces. The Singapore Police Force (SPF) said in a press release on Thursday, May 29, that they received a call for assistance at Block 432 Clementi Avenue 3 at…
Read MoreDFI Retail Group divests 22.2% stake in Robinsons Retail for undisclosed sum
The divestment will enable DFI to redeploy capital to support growth and enhance shareholder returns across its subsidiaries, says group [SINGAPORE] DFI Retail Group said on Friday (May 30) that it has divested 22.2 per cent – or about 315.3 million – of Robinsons Retail’s outstanding shares for an undisclosed sum. DFI became a significant…
Read MoreSingapore stocks fall as Trump tariffs resume for now; STI retreats 0.6%
[SINGAPORE] Local equities ended Friday (May 30) lower, after an appeals court in the United States paused a ruling that blocked President Donald Trump’s sweeping tariffs. The benchmark Straits Times Index declined 0.6 per cent or 22.23 points to 3,894.6. Across the broader market, decliners beat gainers 248 to 209, as 1.3 billion securities worth…
Read MoreFuji Offset Plates Manufacturing shares jump 67% after former Dyna-Mac CEO AC Lim buys S$4.5 million stake
[SINGAPORE] It appears former Dyna-Mac chairman and chief executive Lim Ah Cheng – better known in the industry as AC Lim – is working his magic again. Lim, who was credited with steering offshore oil and gas contractor Dyna-Mac from the brink of bankruptcy, has agreed to subscribe to 10 million new shares in Fuji…
Read MoreThese 2 drugs made mice live 30% longer — why Bryan Johnson has warned of downsides
Biohackers, chew on this. Anti-aging aficionados have tried it all — including taking certain drugs off-label in the hopes they will lead to longer, healthier lives. A new study out of Germany provides fresh evidence that this approach may be worthwhile. Researchers at the Max Planck Institute for Biology of Aging found that a combination…
Read MoreJoint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
The site is the first under the industrial government land sales programme to be awarded with an additional three years of lease [SINGAPORE] A joint venture of Boustead Projects’ wholly owned subsidiary was awarded a tender by JTC Corporation on Friday (May 30) to develop an industrial facility on a land parcel under the Industrial…
Read MoreEMA grants conditional licence to RGE, TotalEnergies’ Indonesian solar project to import electricity to Singapore
[SINGAPORE] The Energy Market Authority (EMA) on Friday (May 30) granted a conditional licence to Singa Renewables, a joint venture (JV) between RGE and TotalEnergies, to import 1 gigawatt (GW) of low-carbon electricity from Indonesia to Singapore. This is the sixth electricity import project to be awarded a conditional licence, after EMA in September 2024…
Read MoreEMA grants conditional licence to RGE, TotalEnergies’ Indonesian solar project for electricity import to Singapore
[SINGAPORE] The Energy Market Authority (EMA) on Friday (May 30) granted a conditional licence to Singa Renewables, a joint venture between RGE and TotalEnergies, to import 1 gigawatt (GW) of low-carbon electricity from Indonesia to Singapore. EMA chief executive Puah Kok Keong presented the licence to the joint venture. Eric Lombard, France’s minister of the…
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