Posts by Liam Redmond
Hin Leong liquidator succeeds in High Court bid to wind up Yuantai Fuel Trading
During the Friday morning hearing, the bunker firm did not raise any objections to the order [SINGAPORE] The High Court granted a winding-up order against local bunker firm Yuantai Fuel Trading on Friday (Feb 13). This is the latest development arising from the liquidation of collapsed oil trading giant Hin Leong Trading. The application, filed…
Read MoreTuck Lee Ice sues for S$500,000 over alleged ‘wrongful’ re-directing of search results
An online search for its name last year would show the results diverted and redirected to Superior Products Asia’s corporate name and website [SINGAPORE] Ice supplier Tuck Lee Ice has sued Superior Products Asia for S$500,000 over alleged passing off, impersonation and misrepresentation through “wrongfully” directing search results and associated online listings to the defendant’s…
Read MoreSingapore stocks falter on Friday; STI down 1.6%
[SINGAPORE] Singapore shares ended lower on Friday (Feb 13), tracking losses on regional indices. The benchmark Straits Times Index (STI) fell 1.6 per cent or 78.98 points to 4,937.78. Meanwhile, the iEdge Singapore Next 50 Index nudged down 0.4 per cent or 6.06 points to 1,513.52. Across the broader market, losers outnumbered gainers 413 to…
Read MoreDBS launches zero-remittance-fee payment service to Chinese digital wallet
The bank is also looking to link its DBS PayLah! service to Weixin Pay to further cross-border payments [SINGAPORE] DBS customers looking to transfer money to Chinese e-wallet Weixin Pay accounts without having to pay remittance fees can now do so with a new service by the bank. The cross-border payment service to the Chinese…
Read MoreNew MAS-MTI Growth Capital Workgroup aims to close gap between private capital and public listings
Led by Chee Hong Tat, the group includes top executives from GIC, Temasek and DBS, along with public and private sector representatives [SINGAPORE] A newly formed workgroup aimed at enhancing Singapore’s growth capital ecosystem will seek to bridge the gap between private funding and public listings, creating a smoother pipeline from venture capital stage to…
Read MoreDeutsche Bank’s private bank eyes hiring push in emerging markets
Published Fri, Feb 13, 2026 · 01:34 PM [SINGAPORE] Deutsche Bank plans to add up to 50 relationship managers in its emerging markets private banking unit this year, said a senior executive, as the European lender seeks to bolster its wealth footprint in the Gulf region and North Asia. Marco Pagliara, head of emerging markets…
Read MoreChina is snapping up overseas assets again, from Puma to metals
The turnaround is gathering momentum after a prolonged lull that began in the mid to late 2010s [HONG KONG] After Beijing slammed them shut about a decade ago, the gates have flung open again for Chinese firms to go on overseas acquisition sprees. In January alone, the volume of outbound mergers and acquisitions (M&A) from…
Read MoreWatch this space: Analysts upbeat on Singapore’s new space agency, but see no near-term lift for stocks
[SINGAPORE] The formation of the National Space Agency of Singapore (NSAS) marks a pivotal step in the Republic’s push to strengthen its position in the global space economy. But although analysts are optimistic about its long-term structural potential, they warn against expecting an immediate boost to corporate earnings or share prices. Announced on Feb 2,…
Read MoreSingaporeans flock to gold despite record-high prices ahead of Chinese New Year
Analysts attribute recent spikes in retail demand to wealth-preservation seeking rather than festive buying [SINGAPORE] Festive demand for gold ahead of Chinese New Year has taken a backseat, with wealth preservation – rather than gifting – becoming the primary driver for bullion buyers this year. The yellow metal has climbed around 70 per cent year…
Read MoreUS details new China limits for clean energy tax credits
The restrictions follow an executive order in July signalling stricter limits for the tax credits Published Fri, Feb 13, 2026 · 11:30 AM THE Trump administration issued new guidance on the use of foreign materials and components in US clean energy projects, in a move that would further limit access to lucrative tax credits. Guidelines…
Read MoreCBS News considering new round of layoffs, could cut at least 15% of staff, Variety says
Published Fri, Feb 13, 2026 · 09:44 AM [WASHINGTON] CBS News is considering a new round of layoffs that could see cuts totaling at least 15 per cent of the current staff, Variety reported on Thursday (Feb 12), citing three people familiar with the matter. Variety added that discussions around layoffs and staff reductions remain…
Read MoreJapan Foods’ lead independent director investigated by CAD on ‘personal matter’
Tan Cher Ting has not been charged with any offence, but will step down from the role [SINGAPORE] The lead independent director of restaurant operator Japan Foods , Tan Cher Ting, is currently out on bail after being interviewed by the Commercial Affairs Department (CAD) on Wednesday (Feb 11). The interview was in connection with…
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