Posts by Liam Redmond
SIA Group’s June passenger traffic rises 4.1% on robust travel demand
Overall cargo loads increase 5.1% year on year despite a 2.3% decline in cargo capacity [SINGAPORE] A combined 3.7 million passengers flew on Singapore Airlines (SIA) and Scoot in June, up 6.3 per cent on the year. Passenger traffic across the SIA Group also rose 4.1 per cent year on year, underpinned by robust demand…
Read MoreComfortDelGro appoints Yap Chee Khean to newly created group COO role
[SINGAPORE] Transport giant ComfortDelGro on Wednesday (Jul 15) said it has appointed Yap Chee Khean as its first group chief operating officer (COO). This is a newly created role, as part of the company’s wider strategy to strengthen global operations and grow across markets. The 49-year-old’s appointment is effective from Oct 15, ComfortDelGro said in…
Read MoreChangi Airport Group awards contract for new office development at Terminal 3
The standalone block will provide 9,600 sq m of workspace to meet growing demand for such facilities [SINGAPORE] Changi Airport Group (CAG) has awarded a new contract for an office to be developed, which will be integrated with a revamped coach stand at Terminal 3 (T3), said a Wednesday (Jul 15) statement. The six-storeyed building…
Read MoreChina turns to electric taxis to soften Hormuz oil shock
Taxi usage and ridesharing are booming across Chinese cities, with trips up 6% since the Iran war Published Wed, Jul 15, 2026 · 02:48 PM [BEIJING] China has an increasingly important buffer against oil price shocks: electric taxis. Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion trips, with…
Read MoreNg Chee Khern to succeed Edmund Cheng as CAAS chairman from Aug 1
Ng is currently director and chief executive officer of Iseas-Yusof Ishak Institute [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) will see a leadership transition next month, with current deputy chairman Ng Chee Khern appointed as its new chairman effective Aug 1. He will succeed Edmund Cheng, who is stepping down after serving on the…
Read MoreIntel turns to next-generation ASML tool to help make its laptop chips
Published Wed, Jul 15, 2026 · 01:36 PM [SAN FRANCISCO] Intel has decided to use a high-end machine from ASML to manufacture some of its flagship Panther Lake laptop chips, ASML said on Tuesday (Jul 14), a move that will help the chipmaker learn to use the tool more effectively. Following experiments that began in…
Read MoreMalaysia says higher energy prices will support subsidy spending
The government said it could spend up to RM40 billion (US$9.83 billion) on fuel subsidies this year Published Wed, Jul 15, 2026 · 12:46 PM [KUALA LUMPUR] Malaysia said on Wednesday (Jul 15) higher global energy prices are boosting its petroleum revenues enough to cover part of its rising fuel subsidy costs, easing pressure on…
Read MoreDeepSeek prepares for IPO filing as soon as 2027, eyes US$71 billion valuation: FT
The startup begins talks with potential backers for a fresh funding round after closing a US$7 billion round of financing Published Wed, Jul 15, 2026 · 11:57 AM [BEIJING] Chinese artificial intelligence pioneer DeepSeek is considering raising more funds weeks after closing a US$7 billion round of financing, the Financial Times (FT) reported, citing people…
Read MoreCiti shares drop as CEO Fraser plans deeper job cuts this year
Published Wed, Jul 15, 2026 · 11:43 AM CITIGROUP shares slumped after the bank’s top executives said they plan to bring forward job cuts and key technology investments, moves that could increase costs later this year. After reporting record earnings that beat expectations in key business lines, chief executive officer Jane Fraser told analysts and…
Read MoreChina slashes June oil refining volumes to six-year low as crude imports collapse
Processing volumes fall 18% year on year to 51.24 million tonnes – the lowest since March 2020 Published Wed, Jul 15, 2026 · 11:11 AM CHINESE oil refiners slashed output in June to the weakest level in six years, as the industry responded to worsening demand and disruptions to crude shipments from the Persian Gulf.…
Read MoreMisuse of driver-assistance systems biggest risk to road safety: survey
Published Wed, Jul 15, 2026 · 10:21 AM [MILAN/STOCKHOLM] Motorists’ misuse of driver-assistance technology and drivers being distracted by in-vehicle features, rather than mechanical problems, are the biggest risks for road safety, according to a survey of transport specialists. The survey, published on Wednesday (Jul 15), reflects industry concerns about human error as some governments…
Read MoreKuroda’s negative rate surprise shocked his own BOJ board, minutes show
Dissenters were concerned over Kuroda’s proposal to charge 0.1% interest on a portion of financial institutions’ deposits at the BOJ Published Wed, Jul 15, 2026 · 09:28 AM [TOKYO] The Bank of Japan’s shock introduction of negative rates in 2016 drew intense criticism from within the board with some blasting it as half-baked and a…
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