Posts by Swedan Margen
Offer for Low Keng Huat closes with 96.88% valid acceptances
The special-purpose vehicle will exercise its right to compulsorily acquire all remaining shares at the offer price of S$0.78 a share [SINGAPORE] The privatisation offer for construction and property developer Low Keng Huat succeeded on Friday (Feb 13), with valid acceptances representing 96.88 per cent of the total shares. As at the close of the…
Read MoreThaiBev Q1 Ebitda up 1.8% at 16.7 billion baht despite lower revenue
[SINGAPORE] Mainboard-listed Thai Beverage (ThaiBev) on Friday (Feb 13) said its sales revenue for the first quarter ended Dec 31, 2025 fell by 6 per cent to 86.7 billion baht (S$3.5 billion) from 92.3 billion baht in the year-ago period. However, its earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 1.8 per cent to…
Read MoreHin Leong liquidator succeeds in High Court bid to wind up Yuantai Fuel Trading
During the Friday morning hearing, the bunker firm did not raise any objections to the order [SINGAPORE] The High Court granted a winding-up order against local bunker firm Yuantai Fuel Trading on Friday (Feb 13). This is the latest development arising from the liquidation of collapsed oil trading giant Hin Leong Trading. The application, filed…
Read MoreWhodunnit: The Upstate Murder-Mystery Weekend
Cupid gets his main-character moment this weekend. We asked New Yorker staffers to help build a playlist befitting his romantic mission. For a classic piece of nineties Brit pop, Oasis’s “Slide Away” is basically an absurdly romantic ballad of plain devotion and yearning—which “Wuthering Heights” has established as the emotions of the season. May your…
Read MoreGDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
Published Fri, Feb 13, 2026 · 06:52 PM [SINGAPORE] DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion, sources said. The Singapore-based data centre operator has chosen JPMorgan Chase and Morgan Stanley to work on the share sale, they mentioned, asking not to…
Read MoreTuck Lee Ice sues for S$500,000 over alleged ‘wrongful’ re-directing of search results
An online search for its name last year would show the results diverted and redirected to Superior Products Asia’s corporate name and website [SINGAPORE] Ice supplier Tuck Lee Ice has sued Superior Products Asia for S$500,000 over alleged passing off, impersonation and misrepresentation through “wrongfully” directing search results and associated online listings to the defendant’s…
Read MoreOng Beng Seng’s HPL to report net loss for FY2025 as finance costs remain high
[SINGAPORE] Hotel Properties Ltd (HPL), owned by real estate magnate Ong Beng Seng, is expected to post a net loss for the financial year ended Dec 31, 2025. Despite higher revenue, finance costs remained elevated, largely due to increased borrowing and the delayed impact of interest rates easing, the group said in a bourse filing…
Read MoreSingapore stocks falter on Friday; STI down 1.6%
[SINGAPORE] Singapore shares ended lower on Friday (Feb 13), tracking losses on regional indices. The benchmark Straits Times Index (STI) fell 1.6 per cent or 78.98 points to 4,937.78. Meanwhile, the iEdge Singapore Next 50 Index nudged down 0.4 per cent or 6.06 points to 1,513.52. Across the broader market, losers outnumbered gainers 413 to…
Read MoreiFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global
The group is repositioning itself to view its customers as international – not just from the markets in which it operates [SINGAPORE] Digital bank and wealth management platform iFast has unveiled its “Truly Global Business Model”, which realises its vision of serving customers across the globe from Singapore and Hong Kong to London. In a…
Read MoreDBS launches zero-remittance-fee payment service to Chinese digital wallet
The bank is also looking to link its DBS PayLah! service to Weixin Pay to further cross-border payments [SINGAPORE] DBS customers looking to transfer money to Chinese e-wallet Weixin Pay accounts without having to pay remittance fees can now do so with a new service by the bank. The cross-border payment service to the Chinese…
Read MorePoverty Porn: West’s Selective Obsession and India’s Economic Realities
In Western media, academia, NGOs, and popular culture, few topics generate as much fascination as the poverty of the developing world—particularly India. This phenomenon, often derided as “poverty porn,” involves the sensationalised, decontextualised depiction of extreme deprivation: sprawling slums, malnourished children, open defecation, and desperate street scenes. Films like Slumdog Millionaire, photo essays by Western…
Read MoreNew MAS-MTI Growth Capital Workgroup aims to close gap between private capital and public listings
Led by Chee Hong Tat, the group includes top executives from GIC, Temasek and DBS, along with public and private sector representatives [SINGAPORE] A newly formed workgroup aimed at enhancing Singapore’s growth capital ecosystem will seek to bridge the gap between private funding and public listings, creating a smoother pipeline from venture capital stage to…
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