Posts by Liam Redmond
PBOC’s policy flip-flop sows confusion over timing of rate cuts
AT A rare press briefing back in September, China’s central bank chief Pan Gongsheng unveiled a stimulus blitz that spurred optimism for one of the biggest policy shifts in a decade. But since then, market watchers wanting more support have been left scratching their heads. The People’s Bank of China (PBOC) has not cut interest…
Read MoreMalaysia’s flooded palm problems to persist for another month
MALAYSIAN oil palm plantations that have been inundated with rain this year are not likely to see production recover for at least another month, according to a senior industry official. The situation has already tightened supplies in the global market, which is headed for a back-to-back drawdown in stockpiles, lifting futures nearly 9 per cent…
Read More‘The White Lotus’ Star Aimee Lou Wood Knows You’re Thirsting After Co-Star Walton Goggins: “The Ghoul Did Weird Things To People”
The White Lotus Season 3 Episode 2 “Special Treatments” helped explain what might have drawn the HBO show’s odd couple Rick (Walton Goggins) and Chelsea (Aimee Lou Wood) together in the first place: sex. Sure, the tender-hearted Chelsea is an incurable romantic and optimist, certain she was put on the planet to save Rick from…
Read MoreGold steady near record highs amid tariff concerns, inflation data awaited
GOLD prices steadied near an all-time high on Monday (Feb 24), supported by concerns over US President Donald Trump’s tariff plans, while the focus shifted to a key US inflation report due later this week. Spot gold was steady at US$2,934.82 an ounce as at 0020 GMT. US gold futures dipped 0.1 per cent to…
Read MoreIndonesia’s new Danantara investment fund readies for launch
A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could give President Prabowo Subianto a major cache of funds to deploy in his effort to supercharge growth. Prabowo will launch the new body, Danantara, at 10 am local time on Monday (Feb 24). It will be…
Read MoreHarrison Ford interrupts ‘Shrinking’ co-star’s speech by eating a chip during SAG Awards 2025 opening
Harrison Ford can’t help himself when he’s hungry. During the opening of the SAG Awards 2025 on Sunday, the legendary actor, 82, ate a potato chip which threw his “Shrinking” co-star Jessica Williams for a loop while she was doing her “I am an actor” speech. “Los Angeles is known as the city of dreams…
Read MoreOlam to sell remaining stake in Olam Agri for US$4 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) for the proposed disposal of about 44.58 per cent of the issued and paid-up share capital of Olam Agri. This entails 1.5 million ordinary shares of Olam Agri, with the consideration for the…
Read MoreOlam to sell 44.58% stake in Olam Agri for US$1.8 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) to dispose about 44.58 per cent of the issued and paid-up share capital of Olam Agri. This entails 1.5 billion ordinary shares of Olam Agri, with the consideration for the disposal set at about…
Read MoreExclusive | New York green car law has auto dealers fired up as looming deadline doesn’t match ‘reality’: ‘Don’t destroy the market’
A Hochul administration green rule requiring that 35% of 2026 model cars sold in the state to be “emissions free” is an unrealistic bust, auto dealers claim. The Advance Clean Cars II mandate calls for all autos to be free of fossil fuel emissions by 2035, ratcheting up the percentage each year. But New York’s…
Read MoreStocks to watch: Olam, Raffles Medical, Sats, UOB, CapitaLand India Trust, Venture
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 24): Olam: The group on Monday announced that it will sell its remaining 64.57 per cent stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic) over two tranches, for a total sum of US$4 billion. The…
Read MoreGold market ructions drive Singapore exports to the US
GOLD shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in bullion trading after pricing disparities opened up in key markets. Volumes of the precious metal shipped from the South-east Asian city-state to the US rose to about 11 tonnes last…
Read MoreRaffles Medical jumps 6.1% on 100 million share buyback plan; posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million in the previous corresponding period. The group also intends to buy back up to 100 million shares, representing 5.3 per cent of its total ordinary issued…
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