Posts by Liam Redmond
Bombardier to grow Apac service hub in Singapore with S$100 million expansion
A new facility in JTC’s Seletar Aerospace Park will double the Canadian aircraft manufacturer’s footprint here [SINGAPORE] Bombardier will boost its Asia-Pacific service centre in Singapore with a S$100 million expansion that will double the company’s current footprint in the city-state. The Canadian company, which focuses on business and private jets, will build a new…
Read MoreSpaceX IPO fever sparks hunt for proxy plays in Asia
Published Tue, Jun 9, 2026 · 03:41 PM [SINGAPORE] SpaceX’s US$75 billion IPO is programme a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk’s rocket company that are likely to benefit from the blockbuster deal. Shares of satellite and rocketry-related companies worldwide have surged as everything from Starlink…
Read MoreCIMB says ‘good time’ to invest in battered Indonesia, seeks M&A
The Malaysian lender is looking at various assets that would complement its existing business Published Tue, Jun 9, 2026 · 02:34 PM [KUALA LUMPUR] CIMB Group Holdings, Malaysia’s second-biggest bank, says it is seeking merger and acquisition opportunities in neighbouring Indonesia despite a slump in investor confidence in South-east Asia’s biggest economy. “For investors who…
Read MoreIndonesia races to plant rice early against risk of El Nino
The phenomenon usually brings hot, dry weather to Asia and excessive rains to the Americas Published Tue, Jun 9, 2026 · 01:42 PM [CIREBON, Indonesia] Under a hazy morning sky, Indonesian rice farmer Teguh Basuki is racing to get ahead of his usual planting schedule in West Java as he battles the threat of a…
Read MoreS-Reits ‘positioned for recovery’ as yield spreads widen: analysts
The sector offers a yield spread of about 3.8 to 4 per cent over 10-year Singapore government bonds, say DBS and UOBKH [SINGAPORE] Singapore real estate investment trusts (S-Reits) could be undervalued defensive plays thanks to peaking interest costs and widening yield spreads that indicate a sectoral turnaround. Despite the overhang of higher-for-longer global benchmark…
Read MoreMaybank handles RM20 billion deals for Singapore, Malaysia hub
The bank is in a prime position to benefit from growth generated by the economic zone for both countries Published Tue, Jun 9, 2026 · 10:31 AM [HONG KONG] Malayan Banking said that the Johor-Singapore special economic zone will drive further expansion, with Malaysia’s biggest lender having facilitated about RM20 billion (S$6.3 billion) in financing…
Read MoreKeppel enters South Korea’s data centre market with 60 MW greenfield project
[SINGAPORE] Keppel announced on Tuesday (Jun 9) that it has made its strategic entry into South Korea’s digital infrastructure sector through its private fund, Keppel Data Centre Fund III (KDCF III). The fund has secured land in Ansan, within the Seoul Metropolitan Area (SMA), to develop a 60 megawatt (MW) greenfield data centre. Under the…
Read MoreUBS reduces Asia ESG staff by half in global restructuring
The retrenchment comes after a broader pullback among global banks from dedicated ESG financial strategies Published Tue, Jun 9, 2026 · 09:34 AM [HONG KONG] UBS Group has slashed its sustainability office in Asia, cutting its headcount by half in recent months as part of a broader global restructuring, according to people familiar with the…
Read MoreGold steadies after Israel and Iran agree to end missile strikes
Published Tue, Jun 9, 2026 · 08:27 AM GOLD was steady, after Israel and Iran agreed to end attacks that had jeopardised talks to end the war in the Middle East. Bullion was near US$4,325 an ounce in early trading, having closed the previous session little changed. The pledges from the two sides to stop…
Read MoreAlphabet taps Intel to make three million in-house chips: report
The chipmaker has secured billions of US dollars of investments from the Trump administration, Nvidia and SoftBank Published Tue, Jun 9, 2026 · 07:31 AM [BENGALURU] Alphabet’s Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday (Jun 8), citing sources with…
Read MoreMusicians shortchanged by AI deals with labels, lawsuit alleges
Musicians have been left out of settlements between major record labels and AI companies, a new lawsuit alleges. The American Federation of Musicians of the United States and Canada (AFM), which has 70,000 members, said Universal Music Group and Warner Music Group “received significant compensation” from the AI companies for past copyright violations and licensed…
Read MoreEurope’s Stoxx 600 closes subdued as oil rally fades; Italian banks in focus
Published Tue, Jun 9, 2026 · 05:33 AM [BENGALURU] Europe’s Stoxx 600 share index closed subdued but above session lows on Monday (Jun 8), as oil prices pared earlier gains following signs of a pause in attacks between Iran and Israel, while Italian lender Monte dei Paschi di Siena jumped after a takeover bid from…
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