Posts by Liam Redmond
Two SGX listcos eye investments in JS-SEZ: Maybank
[SINGAPORE] Singapore-listed companies Thomson Medical Group and Centurion Corporation have expressed interest to invest in the Johor-Singapore Special Economic Zone (JS-SEZ), said Maybank on Monday (May 19). The two listcos are among the Malaysian bank’s three Singapore-headquartered clients that submitted letters of intent (LOIs) to the Iskandar Regional Development Authority (IRDA) at the JS-SEZ Partners’…
Read MoreAlibaba shares slide as AI deal with Apple faces US scrutiny
[HONG KONG] Shares of Alibaba Group Holding slumped after a report that the Trump administration has raised concerns over Apple’s potential deal with the Chinese technology firm. Alibaba’s stock dropped as much as 4.8 per cent on Monday (May 19) in Hong Kong, leading declines on the Hang Seng China Enterprises Index. The broader gauge…
Read MoreRichest Thai man raises top bank’s stake to be No 3 shareholder
Kasikornbank is the country’s second-biggest lender with total assets of 4.4 trillion baht Published Mon, May 19, 2025 · 12:36 PM [BANGKOK] Gulf Development, controlled by Thailand’s richest man Sarath Ratanavadi, has raised its stake in Kasikornbank to about US$610 million, making it the commercial lender’s third-largest shareholder. Gulf increased its holding of Kasikornbank by…
Read MoreJapan’s Yoshinoya bets big on ramen noodles for next phase of expansion
Published Mon, May 19, 2025 · 12:17 PM [TOKYO] Japan’s Yoshinoya said on Monday it was betting on ramen noodles for its next phase of growth, looking to turn it into a third business pillar along with ‘gyudon’ beef bowls and udon noodles. Announcing a growth plan for the next five years, the fast-food chain…
Read MorePoliticians from both sides of the aisle offer prayers for Biden and family in wake of ‘aggressive’ cancer diagnosis
Democrats and Republicans alike offered their prayers to former President Joe Biden and his family Sunday in the wake of his cancer diagnosis announcement. Even the fiercest of political rivals came out to show support for the ex-commander in chief after a spokesperson revealed Biden, 82, was diagnosed with an “aggressive” form of prostate cancer…
Read MoreBank of Japan to keep hiking rates if economy rebounds from tariff hit: deputy governor
Published Mon, May 19, 2025 · 11:10 AM [TOKYO] The Bank of Japan will continue to raise interest rates if the economy rebounds from an expected hit from higher US tariffs, the central bank’s deputy governor Shinichi Uchida said, while warning of a highly uncertain outlook. Japan’s underlying inflation will stay around the BOJ’s 2…
Read MoreRussell Wilson feeling ‘part of New York now’ as he takes in Knicks playoffs, Subway Series
Russell Wilson truly has been a man about town since signing on as QB1 with the Giants, including several appearances on Celebrity Row at the Garden during the Knicks run to the Eastern Conference finals. The future football Hall of Famer was even spotted celebrating at a Meatpacking District hot spot with the Knicks and…
Read MoreConvergence of financial services presents opportunities for remisiers in S’pore, say market watchers
[SINGAPORE] Stock brokerages need to transform as they grapple with changes across the financial sector, said PhillipCapital founder and executive chairman Lim Hua Min. Lim noted that brokerages, banks and other financial services are converging, blurring the lines that have marked out these operations and creating new opportunities in the process. Remisiers, for example, could…
Read MoreWealth management opens door for Singapore remisiers
[SINGAPORE] Stock brokerages need to transform as they grapple with changes across the financial sector, said PhillipCapital founder and executive chairman Lim Hua Min. Lim noted that brokerages, banks and other financial services are converging, blurring the lines that have marked out these operations and creating new opportunities in the process. Remisiers, for example, could…
Read MoreMicrosoft wants AI ‘agents’ to work together and remember things
[REDMOND, Washington] Microsoft envisions a future where any company’s artificial intelligence agents can work together with agents from other firms and have better memories of their interactions, its chief technologist said on Sunday ahead of the company’s annual software developer conference. Microsoft is holding its Build conference in Seattle on May 19, where analysts expect…
Read MoreMom drops staggering amount on kids’ haircuts: ‘Is that standard?’
An Aussie mom has sparked a discussion about the cost of kids’ haircuts in these crazy cost-of-living times. Creator @itsjustmilliee posted a clip on TikTok, wanting to know if the staggering amount she just paid for her toddler son’s haircut, and little girl’s fringe trim, was “standard”. Spoiler alert: it’s not. “My husband pays $30 for his haircut” The mom begins…
Read MoreMini ‘sell America’ vibe revived after Moody’s downgrades US
[NEW YORK] Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s mounting concern over American debt rather than tariffs generating the volatility this time. US equity and bond futures retreated with the US dollar in early Asia trading after Moody’s Ratings announced on Friday (May…
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