Posts by Liam Redmond
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
[SINGAPORE] ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the United States for US$7.8 million. Located in Memphis, Tennessee, the Hyatt Place Primacy Parkway hotel has 126 rooms and is 11.3 miles (18.2 km) south-east of the Memphis central business district, the managers of…
Read MoreHero cop who killed Bondi Beach terrorist with ‘once-in-a-lifetime shot’ is ID’d
The Australian cop believed to have single-handedly taken down the Bondi Beach terrorists with a “once-in-a-lifetime shot” has been identified as a tie-wearing local detective who appeared on a reality TV show to say he became a cop because he “hates crime.” Detective Senior Constable Cesar “Cess” Barraza has been hailed a hero after he…
Read MoreHG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
[SINGAPORE] A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for S$20.8 million, a move that will more than double the group’s land area, the mainboard-listed company said in a statement on Tuesday (Dec 16). HG Construction Steel, the company’s wholly owned…
Read MoreExclusive | IRS whistleblowers tell ‘Pod Force One’ of ‘unprecedented’ corruption swept ‘under rug’ by Hunter Biden pardon
IRS whistleblowers Gary Shapley and Joseph Ziegler discussed in a wide-ranging “Pod Force One” interview the “unprecedented” level of corruption they said they observed while investigating Hunter Biden before a pardon from his presidential dad, Joe Biden, swept everything “under the rug.” Shapley and Ziegler, who have since been promoted to leadership positions in the…
Read MoreVolkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering [FRANKFURT] Volkswagen’s battery business is being forced to seek external financing after the German carmaker cut its five-year spending plan, creating a mid-term squeeze for the unit. Third-party funding “is an option that we are looking into more closely than before”, PowerCo chief…
Read MoreSkydivers plunge to their death after parachutes tangled in mid-air
Two experienced skydivers have plunged to their deaths after their parachutes tangled in mid-air. Ermes Zampa, 70, and Violetta Laiketsion, 63, both died at the scene. Ermes had been skydiving for over 30 years and had over 2,000 jumps under his belt. He also worked as a skydiving instructor. Violetta, a former athlete from Brazil…
Read MoreSingapore stocks slip despite improved 2026 growth outlook; STI down 0.1%
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 17), even as private-sector economists turned more optimistic about the Republic’s growth outlook for 2026. The benchmark Straits Times Index fell 0.1 per cent, or 4.25 points, to 4,575.48. The iEdge Singapore Next 50 Index declined 0.2 per cent, or 3.08 points, to 1,431.80. Across the broader…
Read MoreStephen King recalls hugging Rob Reiner after watching ‘Stand by Me’ in tribute to director
Author Stephen King wrote an emotional tribute to director Rob Reiner for The New York Times on Tuesday after the filmmaker and his wife were murdered over the weekend. The “It” and “Carrie” writer described Reiner inviting him to the Beverly Hills Hotel in 1985 to watch a rough cut of his film “Stand by Me,” which…
Read MoreWarburg Pincus is said to near acquisition of Asian firm Acclime
The transaction may value the corporate services firm at US$950 million to US$1 billion [HONG KONG] Warburg Pincus is nearing a deal to acquire Asia-focused corporate services firm Acclime, sources said. Warburg Pincus is the likeliest buyer after beating rival private equity firms, they said, asking not to be identified because the information is private.…
Read MoreWarburg Pincus to invest up to US$1 billion in corporate services firm Acclime
The private equity firm beat rival firms Carlyle Group, Blackstone, KKR and TPG in a bidding race [SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that it has signed an agreement to invest in Asia-focused corporate-services company Acclime. The investment is valued at between US$950 million and US$1 billion, said sources,…
Read MoreWarburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rivals Carlyle Group, Blackstone, KKR and TPG in a bidding race [SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that it has signed an agreement to invest in Asia-focused corporate-services company Acclime. The deal values the company at between US$950 million and US$1 billion, said sources,…
Read MoreMegan Rapinoe takes issue with US men’s soccer’s World Cup campaign slogan
Former US women’s soccer star Megan Rapinoe mocked the US men’s national soccer team World Cup campaign in a recent podcast episode last week. The US team unveiled “Never Chase Reality” as its campaign heading into the 2026 World Cup. The 90-second film featured narration by Marcello Hernandez. The squad said in a release that “’Never Chase Reality’…
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