Posts by Liam Redmond
MPACT should sell Festival Walk or merge to get more Singapore-centric
SINGAPORE’S largest mall, VivoCity, with over a million square feet of lettable area, is much loved by shoppers. However, the mall’s owner – Mapletree Pan Asia Commercial Trust (MPACT) – receives little affection from investors. In terms of trading price relative to book value, MPACT is performing the worst among the seven real estate investment…
Read MoreFashion retailer Hugo Boss reports better-than-expected Q1 revenue
The company posted first-quarter revenue of 999 million euros (S$1.46 billion), slightly below the 1.01 billion euros a year earlier Published Tue, May 6, 2025 · 04:01 PM [BERLIN] German fashion group Hugo Boss reported a better-than-expected quarterly revenue on Tuesday (May 6) and maintained its full-year forecast amid increased macroeconomic uncertainties. The company posted…
Read MoreWhy a US-listed video game firm is paying a premium to take Ban Leong private
[SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution network. Even after Ban Leong Technologies listed on the mainboard of the Singapore Exchange in June 2005, it remained largely under the radar to both consumers and…
Read MoreDoorDash agrees to buy Deliveroo in US$3.9 billion deal
Published Tue, May 6, 2025 · 03:30 PM [LONDON] DoorDash has agreed to buy UK-based food-delivery platform Deliveroo for an equity value of about US$3.9 billion, as the US company pushes into more overseas markets. DoorDash has offered 180 pence in cash for each Deliveroo share, the company said in a statement on Tuesday (May…
Read MoreSC man hid in ex-girlfriend’s shower and put knife to her head in alarming ‘prank’ to ‘lighten the mood’: police
This prank was criminally bad. A South Carolina man allegedly hid in his ex-girlfriend’s shower and then emerged with a knife when she got home early Sunday in an alarming attempt to “prank” her and “lighten the mood,” he said, according to authorities. Jackson Collum Arnold, 25, used a pair of his ex’s bike shorts…
Read MoreDear Abby: Does coloring one’s hair impact affection in a relationship?
DEAR ABBY: Regarding “Silver Girl in New York” (Jan. 5), whose husband is making her feel less loved because she decided to not color her hair anymore, this is her decision to make, not his. He needs to grow up. You advised her to wear a red wig when he is feeling amorous. What were…
Read MoreKeppel DC Reit names Low Huan Ping as lead independent director amid board changes
[SINGAPORE] Keppel DC Real Estate Investment Trust (Reit) has announced director Low Huan Ping as new lead independent director and chairman of nominating and remuneration committee, as Kenny Kwan steps down. The change in board positions will take effect from Tuesday (May 6). Low will also leave his position in the environmental, social and governance…
Read MoreWall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
[HONG KONG] One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s planned Hong Kong initial public offering (IPO), which sources familiar say could raise about US$1.5 billion, is being led by an all-Chinese bank roster after others decided not to participate. JPMorgan Chase…
Read MoreMiles McBride finally gives Knicks the bench boost they’ve needed
BOSTON — Miles McBride was confident in the morning, steadfast that he was happy with the looks he was getting and that he had to keep shooting. By nighttime, he proved himself right. McBride delivered by far his best performance of the postseason in the Knicks’ 108-105 overtime win over the Celtics in Game 1…
Read MoreAccounts Payable: Pay Now or Pay Later?
Managing accounts payable (AP) is a vital part of running a business. It involves tracking what a company owes its suppliers for goods and services received on credit. Understanding how to handle AP effectively can help businesses maintain a healthy cash flow, build strong vendor relationships, and avoid financial pitfalls. In this article, we’ll explore…
Read MoreUS lawmaker targets Nvidia chip smuggling to China with new bill
[SAN FRANCISCO] A US lawmaker plans to introduce legislation in the coming weeks to verify the location of artificial intelligence (AI) chips like those made by Nvidia after they are sold. The effort to keep tabs on the chips, which drew bipartisan support from US lawmakers, aims to address reports of widespread smuggling of Nvidia’s…
Read MoreHong Kong’s freight forwarding industry hit by trade war, SCMP reports
Published Tue, May 6, 2025 · 12:04 PM [HONG KONG] Hong Kong’s freight forwarding industry is reeling from the US-China trade war with 41 per cent of container capacity from the city to North America’s west coast cancelled for the week starting May 12, the South China Morning Post reported. Hong Kong, a global shipping…
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