Posts by Liam Redmond
Singapore biotech firm Mirxes launches IPO in Hong Kong to raise HK$1 billion
[SINGAPORE] Singapore biotech start-up Mirxes launched its initial public offering (IPO) in Hong Kong on Thursday (May 15) as it seeks to raise HK$1.09 billion (S$181 million) to further grow the business. The cancer diagnostics company, which once applied to list on the Singapore Exchange (SGX), is offering 46.62 million shares at HK$23.30 each. Some…
Read MoreIEA predicts slower oil demand growth for the rest of 2025
[LONDON] The International Energy Agency (IEA) said on Thursday (May 15) that economic headwinds combined with record sales of electric vehicles will slow global oil demand growth for the remainder of 2025, as supply is set to jump from planned Opec+ output hikes. Lower oil prices stemming from trade tensions and rising output are impacting…
Read MoreThe top 10 NFL games to watch during the 2025 season
With apologies to the NFL’s biggest international schedule of all time and its early-week rollout, the games that football fans really need to see will be played on American soil. And they were announced Wednesday as part of the release of every team’s full schedule. Time to start picking a winner for all 272 games…
Read MoreSats to invest over S$250 million to upgrade operations, cargo handling infrastructure at Changi Airport
These strategic initiatives will also enhance operational reliability and safety, and optimise turnaround times [SINGAPORE] Catering and ground handling company Sats announced on Thursday (May 15) that it will invest over S$250 million to upgrade its ground operations and cargo handling infrastructure at Changi Airport. These strategic initiatives will enhance operational reliability and safety, optimise…
Read MoreSIA posts 65% rise in net profit to S$2 billion for H2 FY25 on non-cash gain
[SINGAPORE] Singapore Airlines (SIA) posted a 65 per cent surge 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 one-off gain of S$1.1 billion also lifted the group’s full-year net profit to a record S$2.8 billion, against FY2024’s S$2.7 billion,…
Read MoreSingtel’s new 5G+ Priority plans are key for its premium customer push
[SINGAPORE] Premium customers remain top of mind for Singtel with new 5G+ Priority plans. The new plans promising faster streaming speeds and priority access to the network were launched on Thursday (May 15). They offer customers four times faster speeds and ultra-low latency, which translates to smoother streaming speeds, ultra-responsive gaming and uninterrupted video…
Read MoreAlibaba misses revenue estimates as it fights for China e-commerce market dominance
[BENGALURU/SHANGHAI] Alibaba posted quarterly revenue that missed analysts’ estimates on Thursday (May 15), as the e-commerce group works on new strategies to keep consumers spending amid persistent economic weakness in China and uncertainty over the impact of tariffs. US-listed shares of the Chinese company fell nearly 7 per cent in early trading. They have risen…
Read MoreShein to set up huge Vietnam warehouse in US tariff hedge: sources
[HANOI/SHANGHAI] Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, its first in the country, in a move that could reduce its exposure to unpredictable US-China trade tensions. This is according to two people who are familiar with the deal. They declined to be named because the information was not public. Shein, which…
Read MoreSGX RegCo consults on regulatory changes to streamline IPO rules
[SINGAPORE] Listed issuers on the Singapore Exchange (SGX) will be expected to take on a more proactive role in providing timely and relevant disclosures, focusing on material information rather than following prescriptive requirements. The change comes as the Singapore Exchange Regulation (SGX RegCo) seeks market feedback on the proposed regulatory changes aimed at transitioning to…
Read MoreBetMGM bonus code NPNEWSGET: PGA Championship matchup prop bets, odds
Gambling content 21+. The New York Post may receive an affiliate commission if you sign up through our links. Read our editorial standards for more information. The 2025 PGA Championship tees off Thursday. Here’s a look at two of our favorite matchup bets, with odds via BetMGM Sportsbook. Looking to score a $150 bonus on…
Read MoreTrump wants Apple to stop moving iPhone production to India
The US president’s comments throw a wrench into Apple’s plan to import most of the iPhones it sells in the US from India by the end of next year Published Thu, May 15, 2025 · 04:17 PM [DOHA] US President Donald Trump said he has asked Apple’s Tim Cook to stop building plants in India,…
Read MoreHSBC-backed Hang Seng Bank to cut jobs as part of restructuring
[HONG KONG] Hong Kong-based lender Hang Seng Bank said on Thursday (May 15) that it was restructuring its business and streamlining duplicate roles in a move that would lead to job losses for about 1 per cent of its “core staff”. Hang Seng Bank, which is 63 per cent-owned by global banking group HSBC, “reviews…
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