Posts by Liam Redmond
China Aviation Oil confirms Sinopec merger with parent CNAF
State administrators have given the nod for the merger following deliberation, says CAO [SINGAPORE] The parent company of China Aviation Oil (CAO) will merge with Chinese state-owned oil and gas enterprise Sinopec, the board of CAO said in a bourse filing on Thursday (Jan 8). Word of the merger initiated by Beijing first emerged in…
Read MorePresident Trump’s emotional reaction to watching footage of ICE shooting — as he defends immigration officer
President Trump said the graphic footage of the deadly Minneapolis ICE shooting was “horrible to watch” — as he doubled down in defending the federal agent who opened fire on the female protestor. Trump’s emotional reaction came just hours after Renee Nicole Good, 37, was shot and killed by the ICE agent after the feds…
Read MoreIndia defends antitrust penalty law in Apple fight
The watchdog says it could compute penalties from global turnover, but only sought “India-specific financial details” [NEW DELHI] A law used to calculate fines on the basis of a company’s global turnover will discourage breaches by multinationals, India’s antitrust watchdog told a court in opposing Apple’s high-profile challenge to the measure. In November, Apple asked…
Read MoreSubsidiaries of Dasin Retail Trust manager receive court summonses over Companies Act breaches
Charges involve failing to hold AGMs and lodge financial results for FY2022 and FY2023 [SINGAPORE] Four subsidiaries of Dasin Retail Trust’s trustee-manager have received court summonses over breaches of the Companies Act. The trustee-manager, Dasin Retail Trust Management, said in a bourse filing on Thursday (Jan 8) that the subsidiaries are required to appear in…
Read MoreGeo Energy buys majority stake in two Indonesian shipping companies for US$127.5 million
[SINGAPORE] Indonesian coal producer Geo Energy said on Thursday (Jan 8) that it has completed its acquisition of majority stakes in two Indonesian shipping companies. The deal – to buy 51 per cent stakes in Trans Maritim Pratam and Bahari Segara Maritim – with a consideration of US$127.5 million (S$163.8 million), was first proposed in…
Read MorePopular intermittent fasting diets may not deliver the health benefits many expect
Time-restricted eating has gained popularity in recent years, but a recent study suggests that intermittent fasting — while effective for weight loss — might not live up to the hype in terms of wider benefits. The small German study found that participants who were placed on two different time-restricted eating schedules lost weight, but experienced no improvement in blood…
Read MoreSingapore stocks track regional declines; STI down 0.2%
Across the broader market, gainers trail losers 271 to 300, after 1.4 billion securities worth S$1.7 billion change hands [SINGAPORE] Singapore stocks ended lower on Thursday (Jan 8), amid a weak regional showing. The benchmark Straits Times Index (STI) lost 0.2 per cent or 8.55 points to finish at 4,739.07. Meanwhile, the iEdge Singapore Next…
Read MoreBaba Vanga predicted alien spaceship would enter Earth’s atmosphere and outbreak of WWIII for 2026
Clairvoyant Baba Vanga, long believed by devotees to have foreseen events such as 9/11 and the COVID-19 pandemic, predicted alien visitors and the outbreak of World War III for this year. The blind Bulgarian mystic, who died in 1996 at age 85, was said to have predicted humanity’s first-ever encounter with extraterrestrial life would take…
Read MoreInside Singapore’s AI bootcamp to retrain 35,000 bankers
The Government is working hand in glove with the country’s largest banks to teach new technology skills [SINGAPORE] Kelvin Chiang knew the five agentic AI models built by his team could in ten minutes do what used to take a private banker an entire day. With that in place, he went to show Singapore’s banking…
Read MorePizzeria owner defends ‘sassy’ replies to bad reviews as he goes viral
A pizza store owner has gone viral with his cheeky replies to those who leave bad reviews online about his restaurant. Sunnyside Sliced is a New York-style pizzeria in Mentone, in Melbourne’s southeast, and, like every eatery, has it’s share of critics. Owner Ali Cengiz, who decided to start Sunnyside after living in New York…
Read MoreHow rare earths raise the stakes in China-Japan spat
[BEIJING] China and Japan are bound together by trade and geography, but a long history of rivalry and unresolved disputes makes even periods of cooperation fragile. Long-running flashpoints – including China’s increased military activity around a cluster of disputed islands, trade restrictions and concerns over peace and stability in the Taiwan Strait – have flared…
Read MoreUI Boustead said to seek US$700 million Singapore IPO in March
The real estate investment trust unit of Boustead Singapore will begin taking investor orders as soon as next month [SINGAPORE] UI Boustead Reit is gearing up for a listing in Singapore as early as March, targeting proceeds of at least S$900 million, according to people familiar with the matter. The real estate investment trust unit…
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