Posts by Liam Redmond
LNG traders look to increase exports to Malaysia, Indonesia
Traders are looking to capitalise on the strong domestic growth in the two emerging nations Published Fri, May 16, 2025 · 12:38 PM [SINGAPORE] Liquefied natural gas (LNG) traders are looking to sell more of the fuel to traditional exporters in South-east Asia that are being forced to turn to imports to meet surging energy…
Read MoreWhat Scottie Scheffler thought about playing in golf’s super group at PGA Championship
CHARLOTTE, N.C. — The super group in the PGA Championship opening round was a disappointment Thursday. World No. 1 Scottie Scheffler (2-under), No. 2 Rory McIlroy (3-over) and defending champion and world No. 3 Xander Schauffele (1-over) combined to go 2-over for the day. Nevertheless, Scheffler called playing with his fellow stars “always a ton…
Read MoreMalaysia committed to 2025 petrol subsidy cut but no fixed date
[KUALA LUMPUR] Malaysia is committed to reducing petrol subsidies in the second half of the year and is refining its plan as US tariffs darken the economic outlook. The government “will continue to assess inputs and feedback in refining details” of its fuel subsidy revamp as it actively engages with a wide range of stakeholders,…
Read MoreAsia: Markets stagger into weekend as trade rally runs out of legs
[HONG KONG] Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his “Liberation Day” tariff bazooka last month. The dollar edged down after data showed US wholesale prices rose less than expected last month and retail sales…
Read MoreByteDance aims to match Meta sales in 2025 as TikTok gains steam
Its flagship Chinese video platform Douyin is grappling with waning consumption and advertising spending across the world’s second-largest economy Published Fri, May 16, 2025 · 11:10 AM [HONG KONG] ByteDance is targeting revenue growth of about 20 per cent in 2025 despite a potential global economic downturn, a pace of expansion that could help it…
Read MoreOng Beng Seng’s HPL jumps almost 10% in heavy trading; company says unaware of reason for spike
[SINGAPORE] Shares of Hotel Properties Ltd (HPL) jumped almost 10 per cent in active trading on Friday (May 16) morning, prompting queries from Singapore Exchange Regulation (SGX RegCo). At about 11.30 am, the counter was up 9.2 per cent at S$4.72 with over 350,000 shares traded, an unusual volume for the tightly held property and…
Read MoreTwins’ Carlos Correa, Byron Buxton placed in concussion protocol after scary collision
There was a scary moment during Thursday’s game between the Twins and the Orioles. Minnesota outfielder Byron Buxton collided with infielder Carlos Correa on a weak fly ball to shallow center field in the third inning of their game at Camden Yards. Buxton and Correa bumped heads as they crashed into each other, but the…
Read MoreHarvey Norman operator Ossia surges over 40% following privatisation offer from controlling shareholders
The offerors say the company faces a challenging environment in Singapore and abroad [SINGAPORE] Shares of Ossia jumped more than 40 per cent on Friday (May 16), after group executive chairman George Goh Ching Wah, chief executive Goh Ching Huat and non-executive director Goh Ching Lai made an unconditional offer on Thursday to take the…
Read MoreGold set for worst week in six months as trade calm dents safe-haven appeal
[BENGALURU] Gold prices eased on Friday (May 16) and were on track for their steepest weekly decline in six months, as a stronger US dollar and waning trade war concerns dampened its appeal as a safe-haven asset. Spot gold was down 0.1 per cent at US$3,235.59 an ounce, as at 0027 GMT. Bullion lost more…
Read MoreMapletree Industrial Trust divests three Singapore industrial assets for S$535.3 million
[SINGAPORE] Mapletree Industrial Trust (MIT) divested three of its Singapore industrial properties to Brookfield Asset Management for S$535.3 million, the real estate investment trust’s (Reit) manager announced on Friday (May 16). The assets – The Strategy, The Synergy and the Woodlands Central Cluster – were sold at a 2.6 per cent premium over their combined…
Read MoreChinese disinflation wave is set to boost emerging-market bonds
[ZURICH/SINGAPORE] A wave of Chinese exports redirected towards emerging markets is likely to help crimp inflation across the developing world and bolster longer-maturity bonds, fund managers say. Goods from the Asian nation are set to flow away from the US due to the higher tariffs imposed by US President Donald Trump, and be a force…
Read MoreStocks to watch: SIA, MIT, Sats, NetLink NBN Trust, Japfa, Amara, LHN
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 16). Singapore Airlines (SIA): The company posted a 65 per cent rise in net profit to S$2 billion for the second half of FY2025 ended March, boosted by the non-cash accounting gain from the Air India-Vistara merger. That…
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