Posts by Kim Browne
Joint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
The site is the first under the Industrial Government Land Sales Programme to be awarded with an additional three years of lease [SINGAPORE] A joint venture of Boustead Projects’ wholly owned subsidiary was awarded a tender by JTC Corporation on Friday (May 30) to develop an industrial facility on a land parcel under the Industrial…
Read MoreEMA grants conditional licence to RGE, TotalEnergies’ Indonesian solar project to import electricity to Singapore
[SINGAPORE] The Energy Market Authority (EMA) on Friday (May 30) granted a conditional licence to Singa Renewables, a joint venture (JV) between RGE and TotalEnergies, to import 1 gigawatt (GW) of low-carbon electricity from Indonesia to Singapore. This is the sixth electricity import project to be awarded a conditional licence, after EMA in September 2024…
Read MoreMAGA Fury Erupts as Trump’s Epic Legal Loss on Tariffs Slowly Sinks In
President Donald Trump’s advisers are raging over a court ruling that temporarily blocked many of Trump’s tariffs. Stephen Miller called it “judicial tyranny.” Another top adviser called the judges “globalist.” And press secretary Karoline Leavitt seethed that “unelected judges” have grown “dangerous.” While an appeals court did put a stay on the ruling, letting the…
Read MoreLivingstone Health back in the black, logs H2 profit of S$0.4 million from streamlining efforts, higher revenue
[SINGAPORE] Livingstone Health Holdings Limited booked a net profit of S$0.4 million for the second half-year ended Mar 31, a reversal of the net loss of S$2.9 million in the year-ago period. The turnaround came mainly from its ongoing streamlining efforts, the Singapore-based medical group said in a regulatory filing on Thursday (May 29). The…
Read MoreAsia: Markets reverse as appeals court gives Trump tariffs reprieve
[HONG KONG] Asian shares fell on Friday after a US appeal court gave Donald Trump’s sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional. The losses reversed a rally across world markets the previous day as analysts warned that the legal wrangling could compound volatility and…
Read MoreMicrosoft touts AI sales at town hall, reveals Barclays contract
MICROSOFT touted its progress selling artificial intelligence tools to corporate customers during a companywide town hall on Thursday, including a major deal with Barclays. Chief commercial officer Judson Althoff told employees that Barclays agreed to buy 100,000 licenses for Microsoft’s Copilot AI assistants, according to people familiar with the event. Althoff also said multiple dozen…
Read MoreJardine Matheson Holdings names Lincoln Pan as CEO-designate ahead of group managing director John Witt’s retirement
[SINGAPORE] Hong Kong-based conglomerate Jardine Matheson Holdings on Thursday (May 29) announced the appointment of Lincoln Pan as chief executive-designate, as group managing director John Witt will retire from the company in late-November. Pan is a partner, co-head of private equity and member of the group executive committee at alternative investment business PAG. He assumes…
Read MoreStocks to watch: IHH Healthcare, Keppel, Jardine Matheson, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 30). IHH Healthcare: The integrated healthcare operator on Thursday posted a 33 per cent fall in net profit to RM514 million (S$156.3 million) for its first quarter ended Mar 31, from RM768 million the year before. The drop…
Read MoreBank of England’s Bailey says uncertain outlook demands careful approach to rate cuts
[DUBLIN] Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate cuts was justified by ongoing uncertainty about the global trade picture and its impact on domestic inflation. “Reading that is very hard at the moment…. It’s why we keep using, as you know,…
Read MoreUS judge sentences ex-Goldman Sachs banker to two years over 1MDB scandal
[NEW YORK] A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after prosecutors argued for leniency due to his cooperation. Timothy Leissner, a key architect of the massive bribery and kickback scheme involving a Malaysian sovereign wealth fund, will begin serving a 24-month…
Read MoreUS: Stocks rise as market weighs tariff ruling
Published Fri, May 30, 2025 · 06:22 AM [NEW YORK] Wall Street stocks finished modestly higher on Thursday following strong earnings from Nvidia as a judicial ruling added to uncertainty about President Donald Trump’s tariffs. Nvidia jumped 3.3 per cent after reporting a mammoth US$18.8 billion in quarterly profits, even with a multi-billion dollar hit from US…
Read MoreBusinesses tackling Asia’s ageing crisis awarded S$3 million at DBS Foundation’s Impact Beyond Awards
[SINGAPORE] Smart emergency-response devices available round the clock and using artificial intelligence (AI) to help clients match with caregivers were among the four ideas that won the DBS Foundation’s inaugural Impact Beyond Awards. They were unveiled during the DBS Foundation Impact Beyond Dialogue on Thursday (May 29). Collectively, the winners will receive S$3 million from…
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