Posts by Liam Redmond
Bank of Singapore appoints Collins Chin as global CFO
He takes up the new role after having been the head of investor relations at the bank’s parent, OCBC [SINGAPORE] The Bank of Singapore on Monday (Jan 19) announced that it has appointed Collins Chin as its new global chief financial officer (CFO) with immediate effect. Chin will be a member of the Bank of…
Read MoreRupiah may sink past record low as fiscal woes erode BI support
The central bank is expected to keep its policy rate unchanged when it meets on Wednesday to anchor the currency [JAKARTA] Indonesia’s rupiah looks poised to weaken past a record low, analysts say, with central bank intervention unlikely to halt the slide amid persistent fiscal worries. The currency may depreciate to 17,000 per US dollar…
Read MoreRaffles Education seeks shareholder nod on 426.4 million yuan sale of private college in China
An extraordinary general meeting will be held on Feb 3; share price jumps almost 9% [SINGAPORE] Raffles Education is seeking shareholder approval for the proposed sale of its China asset for 426.4 million yuan (S$75.9 million) via an extraordinary general meeting on Feb 3. Following the news, the company’s shares jumped 8.7 per cent to…
Read MoreRaffles Education seeks shareholder nod for dual sale of China asset, Merchant Road property
Two extraordinary general meetings will be held on Feb 3; share price jumps 19.3% [SINGAPORE] Raffles Education is seeking shareholder approval for the disposals of its college asset in China for 426.4 million yuan (S$75.9 million) and a Merchant Road property for S$121.8 million. Following the news, the company’s shares jumped 19.3 per cent to…
Read MorePetronas names new COO following Sarawak gas dispute: report
The company has also been struggling with declining profits and last year announced it was cutting around 10% of its workforce [KUALA LUMPUR] Petroliam Nasional (Petronas) has appointed Mohd Jukris Abdul Wahab as its new chief operating officer, starting Feb 1, enhancing its senior leadership structure amid an ongoing legal dispute over gas assets in…
Read MorePatriots being win from Super Bowl hard not to view as incredibly lucky
FOXBOROUGH, Mass. — If someone told you last summer that the Patriots would advance to the AFC Championship game, you probably would have figured they beat one of the AFC’s elite quarterbacks on their way there. Maybe it was a win over Josh Allen? Nope. Lamar Jackson? Guess again. Patrick Mahomes? Not this year. OK,…
Read MoreGold, silver jump to record highs on Trump tariff threats over Greenland
Spot silver advanced 4.4% to US$93.85 per ounce, after hitting a record high of US$94.08 [BENGALURU] Gold and silver prices surged to record highs on Monday (Jan 19), as investors flocked to safe-haven assets on intensifying tensions, after US President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.…
Read MorePhilippines makes first natural gas discovery in more than a decade
[MANILA] Philippine President Ferdinand Marcos Jr said on Monday gas and condensate had been found at a well close to the existing Malampaya gas field off the island of Palawan, the country’s first natural gas discovery in more than a decade. The well, called Malampaya East One or MAE-1, is estimated to contain about 98…
Read MoreMikal Bridges’ disappearing acts aren’t his only Knicks problem
Many keyboards have been tapped to stress the struggles of Karl-Anthony Towns, whose transition to Mike Brown’s system has gone about as smoothly as a car ride on square wheels. But there’s another underwhelming campaign that’s drawn less attention than it deserves: that of Mikal Bridges. It’s easier to miss because Bridges is easy to…
Read MoreBillionaires’ wealth hits new peak as their clout grows: Oxfam
BILLIONAIRE wealth surged at three times its recent pace last year to reach its highest level on record, deepening economic and political divides that threaten democratic stability, anti-poverty group Oxfam said on Monday. In a report timed for the opening of the World Economic Forum in Davos, the charity said the fortunes of global billionaires…
Read MoreYZJ Maritime proposes share buyback as part of capital management plans
It will announce the date of an extraordinary general meeting to seek shareholders’ approval [SINGAPORE] Maritime financial solutions provider Yangzijiang (YZJ) Maritime is proposing a share buyback as part of its broader capital management plans. The mainboard-listed company said on Monday (Jan 19) that it will convene an extraordinary general meeting (EGM) to seek shareholders’…
Read MoreYZJ Maritime proposes up to 10% share buyback as part of capital management plans
[SINGAPORE] Maritime financial solutions provider Yangzijiang (YZJ) Maritime is proposing a share buyback as part of its broader capital management plans. The mainboard-listed company said on Monday (Jan 19) that it will convene an extraordinary general meeting (EGM) to seek shareholders’ approval for the share buyback, the date of which will be announced in due…
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