Posts by Liam Redmond
From origins to turmoil: The CDL story
1963: City Developments Ltd (CDL) begins operations with eight staff in a small, rented office at Amber Mansions and was listed on the Malayan Stock Exchange in November 1963. 1966: The company completes its first Singapore condominium project, Clementi Park. 1969: Kwek Hong Png’s Hong Leong Group buys into CDL, and son Kwek Leng Beng…
Read MorePlans to nationalise? Ask the government, says SingPost’s chairman
THE question of whether there are plans to nationalise Singapore Post (SingPost) should be posed to the government, said Simon Israel, chairman of the listed national postal service provider. “You have to ask the government, not me,” Israel said at a media roundtable on Wednesday (Feb 26). As to the question of possible privatisation, Israel…
Read MoreChina to start bank recapitalisation with at least 400 billion yuan
CHINA plans to start re-capitalising several of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy. Authorities are looking to inject at least 400 billion yuan (S$73.7 billion) of fresh capital into the first batch…
Read MoreThai central bank surprises with rate cut as risks to growth increase
THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and public calls for lower borrowing costs from both the prime minister and the International Monetary Fund. Six of the seven-member Monetary Policy Committee voted to lower the one-day repurchase rate by…
Read MoreFuneral held for Shiri Bibas and her sons after their remains handed over by Hamas
A funeral procession for a mother and her two young sons is being held Wednesday morning in Rishon Lezion, Israel, after their remains were turned over by Hamas last week. The remains of Shiri Bibas and her sons Ariel and Kfir were handed over to Israeli authorities late last week as part of an ongoing…
Read MoreThe knights and pawns in CDL joust
ON Wednesday (Feb 26), a battle for board control emerged within property giant City Developments Ltd (CDL), with father and son in… Source link
Read MoreHSBC names Asia country, banking heads in CEO’s major revamp
HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking on top of his chief executive officer role in Korea, effective Mar 1, while Tim Evans will fill the same double role in Vietnam, according to an internal…
Read MoreNets’ Nic Claxton gets one-game suspension for sixth flagrant foul point
Nic Claxton was suspended for one game without pay as a result of picking up his sixth flagrant foul point of the regular season, the latest one coming in Monday’s loss to the Wizards. The center will serve the ban Wednesday, when the Nets face Oklahoma City at Barclays Center. Claxton, 25, is averaging 10.1…
Read MoreAdobe brings free Photoshop app to phones, courting younger users
The free version of the Photoshop app will have features such as splitting a photo into separate layers, masking off parts of it and adding text ADOBE said on Tuesday (Feb 25) it is bringing its Photoshop app to mobile phones for the first time, offering both a free version and a paid version at…
Read MoreEY Australia to consider ‘targeted restructuring’ as difficult operating conditions persist
EY AUSTRALIA is considering cutting jobs as part of “workforce adjustments” to reflect challenging market conditions, with some targeted restructuring possible for “particular circumstances” in the near term, the accounting major said on Wednesday. In an emailed response to Reuters, a spokesperson for EY Australia said the firm “started this year expecting a market rebound…
Read MoreBanged-up Karl-Anthony Towns may not play for Knicks vs. 76ers
Karl-Anthony Towns practiced Tuesday after leaving Sunday’s game briefly against Boston and said he would see how his knee felt Wednesday before determining whether he’d play against the 76ers at Madison Square Garden. Towns was listed as questionable on the injury report, while Josh Hart also practiced Tuesday and Tom Thibodeau expected him to be…
Read MoreCircle says stablecoin issuers should be US registered
JEREMY Allaire, the co-founder of stablecoin issuer Circle Internet Financial, is making the case that the issuers of the US dollar-based cryptocurrencies that underpin much of the trading in digital assets markets should be registered in the United States. Stablecoins have leapt to the forefront of the crypto market’s attention as of late with legislation…
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