Posts by Liam Redmond
CNMC Goldmine shares fall 1.8% on extra tax, penalty in Malaysia
[SINGAPORE] Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter fell to an intraday low of S$1.01 seconds after market open, having previously closed at S$1.09, but later pared most of the losses to…
Read MoreCNMC Goldmine shares fall 7.3% on extra tax, penalty in Malaysia
A Malaysian unit of CNMC Goldmine is facing additional income tax and a penalty worth RM29.6 million [SINGAPORE] Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter fell to as low as S$1.01 seconds…
Read MoreChina leaves benchmark lending rates unchanged for seventh month in a row in December
[SHANGHAI] China left benchmark lending rates unchanged for the seventh consecutive month in December on Monday, matching market expectations. The one-year loan prime rate (LPR) was kept at 3.00 per cent, while the five-year LPR was unchanged at 3.50 per cent. In a Reuters survey of 25 market participants conducted last week, all participants predicted…
Read MoreHow UOB’s Wee Ee Cheong masters the long game
WEE Ee Cheong, the third-generation UOB chief, recently posed a question to AI: what will UOB’s market capitalisation be in ten years? The year 2025 marks UOB’s 90th anniversary, and it will reach its centenary in ten years. AI predicted that relative to its current S$57.5 billion market capitalisation, UOB, Singapore’s third-largest bank, will be…
Read MoreRob and Michele Reiner’s family and friends gather at home just one week after their tragic deaths
Rob Reiner and Michele Reiner Singer’s loved ones were photographed gathering at his sister Annie’s home on Sunday, one week after the couple’s tragic deaths. Rob’s younger brother Lucas was spotted wearing black pants, a blue button-up shirt and a black jacket. Other guests carried boxes of what appeared to be food to the gathering…
Read MoreStocks to watch: Seatrium, CNMC Goldmine, Singapore Paincare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 22): Seatrium: Seatrium announced on Monday that it has reached an agreement with a buyer, Maersk Offshore Wind’s affiliate, Phoenix II, for it to pay the balance of its contract price – valued at US$360 million – upon…
Read MoreChinese chipmakers race to IPO after back-to-back listings surge
[SHANGHAI] Chinese chipmakers are rushing to the initial public offering (IPO) market, raising funds that are key to the nation’s goal of technological self-reliance and winning the global race on artificial intelligence (AI). The surge in listings is coming on the back of two blockbuster trading debuts in Shanghai that signalled insatiable demand for future…
Read MoreGiants takeaways, report card from NFL Week 16 loss to Vikings
Takeaways from the Giants’ 16-13 loss to the Vikings on Sunday: 1. The first offensive series ended with Jaxson Dart getting sacked on fourth down, continuing a sad trend. It was the 10th drive this season for the Giants that reached the red zone and ended with a turnover or on downs. That means no points. That…
Read MoreUSD/CHF trades within key range as SNB holds rates and Fed turns cautious
THE US dollar/Swiss franc (USD/CHF) FX pair is widely considered a safe-haven currency pair due to Switzerland’s neutral geopolitical stance and its low-risk financial system, in contrast to the US dollar. The Swiss Franc has been appreciating over the past 3 years, trading within the 1.0 to 0.9 range in 2022, 0.9 to 0.8 range…
Read MoreSingapore market reforms may lift sentiment in 2026 despite geopolitical, trade uncertainty
Investors should focus on companies with credible and clearly stated plans to drive shareholder value [SINGAPORE] Back in early June, I mentioned feeling a tinge of seller’s remorse after liquidating a small portfolio of US stocks that I had held since the global financial crisis. Looking back now, it was probably the right move. While…
Read MoreKeppel Reit eyes diversification into retail with focus on Singapore
Keppel Reit remains anchored in Singapore despite its foray into Australian retail [SINGAPORE] Keppel Reit is charting a more diversified growth path that allows for retail assets to account for up to 20 per cent of its office-heavy portfolio. But Singapore will remain its anchor market. The strategy reflects a careful balancing act for the…
Read MoreAfter a tepid 2025, cautious optimism is building for private equity in 2026
More sectors could become attractive to investors next year as valuations are largely reset [SINGAPORE] The expected rebound in the private-equity (PE) sector did not materialise in 2025, but observers say the signs are positive for 2026. The first half of this year saw PE deal conversations delayed due to the US tariffs announced on…
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