Posts by Liam Redmond
Amara appoints W Capital Markets as IFA for offer from Hwa Hong-led consortium
[SINGAPORE] Hotel group Amara on Wednesday (May 7) said it has appointed W Capital Markets as its independent financial adviser as it considers a voluntary conditional general offer from a consortium led by property company Hwa Hong. The IFA will advise Amara’s directors who are considered independent for the offer. The adviser’s opinion and the…
Read MoreAmara, Ban Leong pick IFAs for privatisation offers
[SINGAPORE] Hotel group Amara and technology products distributor Ban Leong Technologies on Wednesday (May 7) separately announced that they have appointed independent financial advisers (IFAs) as they mull offers to be taken private. Amara has appointed W Capital Markets as its IFA for a voluntary conditional general offer from a consortium led by property company…
Read MorePotential solar boom in South-east Asia an opportunity to invest in storage systems
[SINGAPORE] In the face of punishing solar tariffs from the US, South-east Asia has a silver lining: a glut in the supply of photovoltaic panels could make solar projects cheaper and increase adoption. But to seize this opportunity, the region will have to ramp up investments into energy storage systems. The US recently imposed tariffs…
Read MoreUOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
[SINGAPORE] Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises. At the same time, the bank remains “committed” to its three-year, S$3 billion capital return plan, deputy chairman and chief executive officer Wee Ee Cheong said at the bank’s first-quarter…
Read MoreAlibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
[SHANGHAI] Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click on product links to shop on Alibaba’s Taobao platform. The move essentially formalises an app-to-app shopping connection between Xiaohongshu – also known as RedNote and often compared with Instagram – and Alibaba’s e-commerce infrastructure. “By…
Read MoreDesperate Kansas man arrested for stealing 800-pound cannon from Spanish American War to settle drug debt
This crook cannon even pull off a worthwhile theft. A low-level drug dealer stole an 800-pound cannon that was used in the Spanish American War from a Kansas park last week to settle a debt with his deranged boss, who was threatening to murder him and his family, authorities said. The cannon was used in…
Read MoreSingapore-based biotech firm Nuevocor raises US$45 million in Series B round
[SINGAPORE] Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and existing investors. This includes “significant participation” from current investors such as Temasek-linked life sciences builder ClavystBio and EDB Investments, the investment platform of the Singapore Economic Development Board (EDB). The round was co-led…
Read MoreElectronic Health Records: The Digital Switch
Switching to electronic health records (EHR) can feel like a huge leap for many healthcare practices. It’s not just about going digital; it’s about changing the entire way you handle patient information. Many practices that made the switch years ago can tell you it was a tough transition, but they also recognize the benefits that…
Read MoreEx-Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive. The formation of the entity, called Singapore GasCo, is a “major milestone” in Singapore’s transition towards green energy, the Energy Market Authority (EMA) said in a statement…
Read MorePush to allow Norway’s wealth fund to invest in defence companies falters
[OSLO] Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be faltering, according to lawmakers involved in the process. The fund follows ethical rules decided by parliament that prevent it from buying stakes in the likes of Airbus, Boeing, BAE Systems and Lockheed Martin…
Read MoreDangerous fungus could spread to parts of US, researchers claim
Some researchers are sounding the alarm about a potentially deadly fungus that could spread throughout parts of the US, Europe and Asia. The study article, which was published in pre-print (not yet peer-reviewed) in Research Square, claims that “rising global temperatures” could lead to severe infections of Aspergillus, a fungal mold that thrives in warm, damp climates.…
Read MoreMitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Published Wed, May 7, 2025 · 02:23 PM [TOKYO] Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU) for the supply of an electric vehicle (EV) model, the companies said on Wednesday (May 7). The EV model will be developed by Foxtron, manufactured in Taiwan by automaker…
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