Posts by Liam Redmond
ComfortDelGro posts a 19% rise in Q1 net profit to S$48.3 million
[SINGAPORE] Transport behemoth ComfortDelGro posted a 19 per cent rise in its net profit of S$48.3 million for the quarter ended March on contributions from last year’s acquisitions and improved margins. It said in an update for the first quarter of FY2025 published on Wednesday (May 14) that revenue rose 16.4 per cent year on…
Read MoreSingapore equities slide on Wednesday; STI declines 0.3%
Across the broader market, gainers beat losers 279 to 229, as 1.1 billion securities worth S$1.3 billion change hands [SINGAPORE] Local stocks finished lower on Wednesday (May 14), as investors took stock of the United States and China trade chatter. The benchmark Straits Times Index (STI) declined 0.3 per cent or 10 points to 3,871.05.…
Read MoreTencent quarterly revenue up 13% on AI, gaming boost
[BEIJING] Tencent Holdings, China’s biggest technology company by market capitalisation, posted a 13 per cent rise in first-quarter revenue on Wednesday (May 14), boosted by growth in gaming and AI-enhanced advertising. Tencent, also the world’s largest video game company and operator of the WeChat messaging platform, reported revenue of 180 billion yuan (S$32.4 billion) for…
Read MoreTencent’s Q1 revenue rises 13% on gaming strength
The company benefits from regulatory easing in China’s gaming sector following stringent restrictions in previous years Published Wed, May 14, 2025 · 05:24 PM — Updated Wed, May 14, 2025 · 05:24 PM [BEIJING] Tencent Holdings, China’s biggest technology company by market capitalisation, posted a 13 per cent rise in first-quarter revenue on Wednesday (May…
Read MoreTexas teen Karmelo Anthony set to graduate from high school while facing Austin Metcalf murder charge — after agreement with school
Suspected teen killer Karmelo Anthony will graduate from his Texas high school despite missing the last month and a half of classes as he faces a murder charge in the fatal stabbing of Austin Metcalf. Anthony’s parents and an activist group vocal in supporting the accused murderer played prominent roles negotiating for the teen to…
Read MoreFractional platform RealVantage ties up with ESR to invest US$55 million in South Korean logistics facility
[SINGAPORE] Real estate co-investment platform RealVantage has partnered ESR Group’s South Korean arm, ESR Kendall Square, to invest US$55 million (S$71.3 million) in the development of a last-mile logistics centre in Icheon, South Korea. This is the platform’s maiden entry into the South Korean market, and its largest investment to date, said RealVantage in a…
Read MoreMapletree acquires 18-acre site to develop logistics facility in Chicago
[SINGAPORE] Property developer Mapletree Investments announced on Wednesday (May 14) that it has acquired an 18.11-acre site in Chicago, where it plans to develop a premier logistics facility spanning 276,000 square feet (sq ft). The company said that the site was strategically situated in an area which offers convenience and access to the Joliet Intermodal…
Read MoreBurberry to cut 1,700 jobs in turnaround bid
[LONDON] Burberry Group plans to cut almost a fifth of its workforce as its new chief executive officer tries to turn around the British trench-coat maker, after its push into high fashion flopped amid slumping global demand for luxury goods. The London-based company plans an additional £60 million (S$103.9 million) of savings in the next…
Read MoreBYD tops Singapore vehicle sales so far this year, replacing Toyota
In the first four months of 2025, BYD sold 3,002 cars, or 20% of total vehicle sales in Singapore Published Wed, May 14, 2025 · 04:03 PM [SINGAPORE] China’s BYD became the most popular vehicle brand in Singapore so far this year, outselling Toyota for the first time, government data showed, as the fast-growing electric…
Read MoreJulius Baer to pay 4.4 million Swiss francs after Swiss money laundering probe
The bank has been under investigation over transactions that had occurred between 2009 and 2019 and linked to operations in Monaco and Singapore Published Wed, May 14, 2025 · 03:50 PM [ZURICH] Julius Baer Group has been ordered to hand over 4.4 million Swiss francs (S$6.8 million) including profits that may have been earned unlawfully,…
Read MoreSingapore Airlines to operate out of Changi Airport’s upcoming Terminal 5
[SINGAPORE] Changi Airport’s upcoming Terminal 5 (T5) will host the operations of Singapore Airlines (SIA) Group, with the terminal’s first phase designed to handle about 50 million passengers annually. When the mega terminal opens in the mid-2030s, it will consolidate the operations of SIA and Scoot, which are now spread across three terminals. At T5’s…
Read MoreHouse lawmakers debate Medicaid reform, SALT deductions caps in contentious, marathon markup sessions for Trump’s ‘big beautiful bill’
Markup hearings for President Trump’s “big, beautiful bill” dragged late through the night Tuesday into Wednesday as House lawmakers debated how deep to cut government spending in the massive piece of legislation. The details the three House committees – Ways and Means, Energy and Commerce and Agriculture – sought to iron out include some of…
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