Posts by Liam Redmond
iFast says it’s not a key beneficiary of crisis-driven inflows, flags risk from Middle East tensions
The fintech platform also unveils its planned CAGR at its AGM on Friday, but shareholders question the projections [SINGAPORE] Fintech platform iFast has said it has not had a meaningful uplift in inflows, despite the Middle East conflict having driven capital into major financial hubs such as Singapore, Hong Kong and London, where it operates.…
Read MoreGeely’s Caocao to deploy thousands of fully customised robotaxis in 2027
Large-scale delivery and deployment of the Eva Cab is expected in 2028 before the fleet expands to 100,000 by 2030: CEO of ride-hailing arm Published Fri, Apr 24, 2026 · 07:36 PM [BEIJING] Caocao, the ride-hailing arm of Chinese automaker Geely, plans to deploy thousands of robotaxis globally in 2027, its CEO said on Friday…
Read MoreCOE quota: Cat A falls 2%, Cat B rises 7% for May to July
[SINGAPORE] The supply of Certificates of Entitlement (COEs) for the May to July 2026 period will rise 1 per cent from the 18,824 in the previous quarter to 19,052, the Land Transport Authority (LTA) said on Friday (Apr 24). Bidding under this new quota will start on May 4. Category A COE applies to mainstream…
Read MoreNo prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty
This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity [SINGAPORE] Seatrium will not face criminal prosecution in Singapore over corruption offences in Brazil after the High Court approved a deferred prosecution agreement in which the company will pay a net sum of US$57 million to local authorities.…
Read MoreSTI dips 0.4% as investors are concerned about war and inflation
[SINGAPORE] Singapore stocks ended lower on Friday (Apr 24) as geopolitics and inflation weigh on market sentiment. The benchmark Straits Times Index (STI) lost 0.4 per cent or 21.25 points to finish at 4,922.86. Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 3.8 per cent or S$0.16 to end at S$4.33. The worst…
Read MoreWarburg Pincus-backed PDG taps Goldman for stake sale: sources
Other investment firms and industry players have shown interest in the data center operator Published Fri, Apr 24, 2026 · 06:21 PM [SINGAPORE] Singapore-based data centre operator Princeton Digital Group (PDG) has tapped Goldman Sachs Group to work on a strategic review that may result in a stake sale, according to people familiar with the…
Read MoreDeepSeek unveils flagship AI model a year after breakthrough
The V4 Flash and V4 Pro come with several architecture upgrades and optimisation improvements Published Fri, Apr 24, 2026 · 05:01 PM [HANGZHOU] DeepSeek rolled out preview versions of a new flagship artificial intelligence model a year after upending Silicon Valley, calling it the most powerful open-source platform in a challenge to rivals from OpenAI…
Read MoreHospitality veterans David Michels, Howard Panter appointed to Millennium & Copthorne board
They joined the board on Mar 27 and are experienced in hospitality, large-scale ops and customer-focused businesses [SINGAPORE] Millennium & Copthorne Hotels (M&C) on Friday (Apr 24) announced that it has appointed two hospitality veterans as directors of its board. David Michels and Howard Panter joined the board on Mar 27 and bring with them…
Read MoreNomura posts record full-year profit on Japan market rebound
Net income rose 2.7% from a year earlier to 73.9 billion yen in the three months ended March 31 Published Fri, Apr 24, 2026 · 04:12 PM [TOKYO] Nomura Holdings cemented a second straight year of record profit, fuelLed by Japan’s financial-market recovery, even after fourth-quarter results missed analysts’ expectations. Net income rose 2.7 per…
Read MoreSingapore gas supply secure; higher power prices may benefit units: Sembcorp
Sembcorp Power, Senoko Energy may gain from selling excess capacity into the spot market [SINGAPORE] Sembcorp Industries has moved to address shareholders’ concerns regarding energy security, stating that its Singapore gas supply remains insulated from the escalating Middle East conflict. In a series of responses to substantial questions ahead of its 28th Annual General Meeting…
Read MoreJapan’s Nikkei closes at record high as tech earnings overshadow Mideast concerns
Published Fri, Apr 24, 2026 · 03:30 PM [TOKYO] Japan’s Nikkei set a closing record high on Friday (Apr 24), capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East. The benchmark Nikkei 225 Index rose 0.97 per cent to close at…
Read MoreDBS launches enhanced generative AI programme to fast-track SME adoption
The programme builds on its Spark GenAI initiative launched in 2024, and offers a more structured approach to AI transformation [SINGAPORE] DBS launched an enhanced generative artificial intelligence (AI) programme on Friday (Apr 24) to fast-track AI adoption among small and medium-sized enterprises (SMEs). The enhanced Spark GenAI programme aims to accelerate SMEs’ AI transformation efforts,…
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