Posts by Liam Redmond
Singapore 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,…
Read MoreIndia’s Infosys slumps to lowest level in three years over weak growth
Published Fri, Apr 24, 2026 · 01:21 PM SHARES of Infosys fell as much as 4.2 per cent to their lowest level in three years on Friday after the firm forecast disappointing fiscal 2027 revenue growth, as AI-led spending caution and geopolitical tensions weigh on India’s US$315 billion IT sector. India’s No. 2 IT services…
Read MoreHyundai Motor to launch 20 models in five years in new China offensive
Published Fri, Apr 24, 2026 · 12:14 PM [BEIJING] Hyundai Motor said on Friday it would roll out 20 new models in China over the next five years as it seeks to revive its fortunes in the world’s largest auto market. The South Korean automaker has struggled in China after years of weak market share…
Read MoreAEM, UMS among chip players riding AI-linked export surge
Several analysts say that the impact on Singapore’s manufacturing landscape has been ‘limited’ [SINGAPORE] Certain electronics and artificial intelligence plays listed in Singapore saw gains of up to nearly 20 per cent the week of Apr 20 amid strong export demand. AEM Holdings is up more than 20 per cent this week. Its rally comes…
Read MoreCredit markets are underpricing inflation, debt risks: Robeco CIO
Against this backdrop, the asset manager favours shorter-duration exposures and higher-quality credit [SINGAPORE] Credit markets are failing to price in renewed inflation risks and mounting global debt, even as private-credit vulnerabilities build up beneath the surface, warned Anton Eser, chief investment officer (CIO) at Robeco. Spreads across both investment-grade and high-yield credit remain tight in…
Read MoreANZ hires its first AI officer as banks rush to bolster tech ranks
Published Fri, Apr 24, 2026 · 11:13 AM ANZ Group Holdings has hired its first chief data and AI officer, as competition over artificial intelligence talent intensifies among big banks around the world. Kai Yang will join ANZ in Sydney in July after relocating from Hong Kong where he worked as HSBC Holdings Plc’s chief…
Read MoreRisk of a big war insurance claim is rising: marine insurers
There are reportedly about 20,000 crew members and 800 vessels still stuck in the war zone [SINGAPORE] The risk of a big claim stemming from the war in the Middle East is increasing, panellists commented at the Marine Insurance Asia conference on Thursday (Apr 23). Rolf Thore Roppestad, CEO of specialised marine insurer Gard, spoke…
Read MoreGold set for weekly drop as higher oil prices stoke inflation fears
Published Fri, Apr 24, 2026 · 10:42 AM GOLD held steady on Friday, but was on track for a weekly drop as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates amid stalled US-Iran peace talks. Spot gold was up 0.1 per cent at US$4,697 per ounce, as of 0105 GMT. The metal…
Read MoreMeta, Microsoft plan cuts, buyouts that may affect 23,000 jobs
Published Fri, Apr 24, 2026 · 10:03 AM [NEW YORk] Meta Platforms and Microsoft are planning cuts or announcing buyouts that could affect as many as 23,000 jobs, part of an effort to streamline operations and offset heavy spending on artificial intelligence. Meta told personnel in an internal memo on Thursday (Apr 23) that it planned to…
Read MoreSingapore emerging as neutral ground as AI firms navigate Sino-US rivalry
The US visa process has become more unpredictable with longer processing times and stricter screening [SINGAPORE] Singapore is transforming from East-West gateway to neutral ground for the AI sector, with Chinese startups hoping to operate beyond government reach while US firms seek foreign talent without the headache of stricter visa regulations. The city-state, a longtime…
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