Posts by Liam Redmond
ST Engineering sells 49% stake in Shanghai MRO JV to China Eastern Airlines for 680.5 million yuan
[ad_1] The move will yield a one-off gain of around S$48.1 million, based on the S$60.2 million carrying value for Starco [SINGAPORE] ST Engineering has agreed to sell its entire 49 per cent interest in Shanghai Technologies Aerospace Company (Starco), a joint venture (JV) which provides airframe maintenance, repair and overhaul (MRO) services out of…
Read MoreWarburg-backed Princeton enters South Korea with first data centre
[ad_1] The company already has operations in Singapore, Japan, India, Indonesia, China and Malaysia. [BENGALURU] Princeton Digital Group (PDG), a data centre operator in Asia backed by Warburg Pincus, plans to invest US$700 million in its first South Korean campus to power artificial intelligence (AI) development in the country. PDG wants the initial 48-megawatt data…
Read MoreFrencken Q3 profit rises 7.5% to S$9.9 million
[ad_1] [SINGAPORE] Semiconductor player Frencken posted a 7.5 per cent rise in net profit for its third quarter ended Sep 30 to S$9.9 million from S$9.2 million in the previous corresponding period. This was mainly attributed to a change in sales mix, the group said in a regulatory filing on Monday (Nov 17). Revenue for…
Read MoreGBP/USD at an inflection point after a strong first half of 2025
[ad_1] [SINGAPORE] The British pound (GBP) has enjoyed a robust first half of 2025 against the US dollar (USD), driven largely by sustained dollar weakness. The GBP/USD pair bottomed out at 1.21 on Jan 13 before staging an impressive rally to a peak of 1.37 on Jul 1. However, the momentum faded in the third…
Read MoreFraud and scam claims against digital banks in Singapore on the rise
[ad_1] [SINGAPORE] There were 94 scam and fraud claims against digital banks in Singapore in the first eight months of 2025, more than double the 42 claims for the whole of 2024. The total monetary amount for these 94 claims was S$2.5 million, the Financial Industry Disputes Resolution Centre (Fidrec) said in response to queries…
Read MoreUkraine hits major Russian oil refinery and site of elite drone unit
[ad_1] Ukraine’s long-distance armed drones struck a major Russian oil refinery and a military base for Moscow’s elite own UAV unit in an overnight assault, Kyiv said. Ukraine’s General Staff released video of the early Sunday strike showing the Novokuybyshevsk refinery, in Russia’s Samara region, after the latest drone assault on Moscow’s struggling oil facilities,…
Read MoreMinor in name, a powerhouse in reality: Thailand’s William Heinecke far from ready to call it a day
[ad_1] The 76-year-old billionaire chairman of a conglomerate with 90,000 employees remains hungry to learn [SINGAPORE] What were you doing at the tender age of 17? Most of us were probably in school, still some years away from entering the workforce, and perhaps trying to figure out what to do in life. It is quite…
Read MoreShould the S$5 billion EQDP roll-out be slowed amid elevated valuations, global market risks?
[ad_1] Even if the worries of a disorderly correction are overblown, some richly priced stocks may struggle to deliver worthwhile returns over the next couple of years [SINGAPORE] If I had a dollar for every time some market watcher has been quoted reciting that old adage about time in the market being more important than…
Read MoreTariff pressures leave GP Industries hunting growth in new niches
[ad_1] Battery-maker will pivot to own brands and product innovation to drive growth, amid rising costs and brutal price competition [SINGAPORE] As tariff risks push up costs and pricing competition, GP Industries sees long-term growth coming from developing innovative products and focusing on its own brands. This strategy is being made possible as the group…
Read MoreWhy Chinese shoppers are choosing local luxury over LVMH
[ad_1] [BEIJING] When Bernard Arnault, one of the world’s richest men and chairman of LVMH, dropped by Shanghai in September, many assumed his itinerary would be routine: check in on Louis Vuitton, Dior, and the rest of his empire’s boutiques in China’s most prestigious malls. But instead, Arnault did something unexpected. He went shopping for…
Read MoreFinancial services giant GFI Group doubling space at 55 Water St.
[ad_1] Financial services giant GFI Group, which has been a tenant at 55 Water St. since 2007, is more than doubling its space there. The firm is expanding by 64,993 square feet and also renewing 63,756 square feet. The rent at the 1972-vintage tower was $59 per square foot, reflecting the typical differential over prices in Midtown…
Read MorePop Mart’s Labubu risks beanie baby-style collapse: analyst
[ad_1] [HONG KONG] The euphoria surrounding Labubu toys is starting to resemble the boom-and-bust cycle that ended in the collapse of Beanie Babies in the 1990s, a warning sign for investors, a bearish analyst says. The hype over the sharp-fanged monster dolls is about to peak, and doubts about the next sales driver for owner…
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