Posts by Liam Redmond
Chip industry urges US to avoid moves that distort memory market
Shortage sparks policy debates beyond buying from blacklisted Chinese memory makers Published Fri, Jul 3, 2026 · 02:28 PM [WASHINGTON] Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen a historic squeeze on supply driven by the artificial intelligence boom, a semiconductor industry group warned the Trump…
Read MoreTikTok slashes content moderation teams globally; Singapore among markets affected
Decision to cut roles in the city-state is part of move to strengthen the operating model for trust and safety [SINGAPORE] TikTok has slashed roles in content moderation teams globally, with Singapore affected by the job cuts. In Asia, Singapore and Indonesia saw layoffs on Wednesday (Jul 1). The decision to cut roles in the…
Read MoreMAS partners finance industry players to develop safeguards for AI agents
[SINGAPORE] The Monetary Authority of Singapore (MAS) on Friday (Jul 3), along with financial institutions and fintech companies, published an industry white paper on developing safeguards for AI agents in finance. The paper proposes an industry-developed framework that enables AI agents in the financial services sector to carry out financial tasks securely, reliably and safely.…
Read MoreMore Asia investors turning to Europe for diversification in multi-polar world, says DWS
[SINGAPORE] Asian investors with significant capital already allocated to the US are increasingly looking to diversify into Europe, as a more fragmented geopolitical landscape reshapes global investment flows. The observation comes from Dirk Goergen, global head of the client coverage division of European asset manager DWS. Speaking to The Business Times in an exclusive interview…
Read MoreResilient aluminium prices set to boost Asia’s smelters over global rivals: analysts
Cheaper power and easier access to raw materials can benefit low-cost producers in China, India, Indonesia [SINGAPORE] Higher aluminium prices could position smelters operating at a low cost in China, India and Indonesia to sustain stronger margins than their global counterparts, industry observers told The Business Times. This is given that cheaper power and relatively…
Read MoreBain, KKR, KV Asia shortlisted for Malaysia’s Avisena Healthcare stake sale as valuation hits US$368 million: sources
South-east Asia healthcare assets draw strong investor interest amid rising incomes and ageing populations Published Fri, Jul 3, 2026 · 11:55 AM [SINGAPORE] Bain Capital, KKR and KV Asia Capital have been shortlisted to buy a minority stake in Avisena Healthcare in a deal that could value the Malaysian healthcare firm at about RM1.5 billion…
Read MoreCanada PM Carney taps state-owned firm to build oil pipeline for growing Asian demand
Selling more oil to Asian markets such as India and China will allow Canada to get better prices per barrel Published Fri, Jul 3, 2026 · 11:33 AM [VANCOUVER] Trans Mountain, a pipeline operator that’s owned by the Canadian government, has been tapped to build a new export conduit connecting Alberta’s oil sands to a…
Read MoreAlibaba, Tencent join US$2 billion funding for Kuaishou’s Kling AI
The company may potentially raise as much as about US$3 billion as more investors may take part in future Published Fri, Jul 3, 2026 · 11:00 AM [HONG KONG] Alibaba Group Holding joined a US$2 billion financing round for Kuaishou Technology’s Kling AI, valuing the creator of one of China’s most popular generative video services…
Read MoreMicrosoft mobilises 6,000 workers to help customers adopt AI
The division will help customers deploy AI more efficiently and inform Microsoft’s product development decisions Published Fri, Jul 3, 2026 · 10:48 AM [SAN FRANCISCO] Microsoft is setting up a new organisation with 6,000 employees to help businesses with the technical and strategic work of deploying artificial intelligence. The division’s workers will have experience across…
Read MorePrivate credit keeps US$14 billion trapped in bid to outlast storm
With redemption wave unlikely to ease, funds lock up around US$1.70 for every US$1 an investor reclaims Published Fri, Jul 3, 2026 · 10:17 AM [NEW YORK] Ahead of reporting their second-quarter results, private credit managers acknowledged a sobering reality: The redemption wave engulfing the US$1.8 trillion market was unlikely to abate swiftly. Now, as…
Read MoreSembcorp shares fall to four-month low after Citi cuts profit forecasts
[SINGAPORE] Shares of Sembcorp Industries fell 3.9 per cent to a four-month low of S$5.95 in early trade on Friday (Jul 3) after Citi slashed its profit forecasts for the counter. In a report on Thursday evening, Citi analyst Luis Hilado cut the brokerage’s profit forecast for Sembcorp for the next three years by 6…
Read MoreSembcorp shares fall to four-month low; Citi cuts profit forecasts
The counter declined 4.2% earlier on Friday, but pared some losses to end 3.4% down at S$5.98 [SINGAPORE] Shares of Sembcorp Industries fell as much as 4.2 per cent to a four-month low of S$5.93 on Friday (Jul 3) after Citi slashed its profit forecasts for the company. The counter recovered somewhat but was still…
Read More