Posts by Liam Redmond
Eni and Petronas launch gas joint venture in South-east Asia
The new company will start from an initial production base of over 300,000 barrels of oil equivalent per day Published Mon, Jun 8, 2026 · 04:55 PM [MILAN] Italy’s Eni and Malaysia’s Petronas have established Searah, a 50-50 joint venture combining key energy businesses across Indonesia and Malaysia, the two companies said on Monday (Jun…
Read MoreUK PM Starmer set to ban ‘harmful’ social media for under-16s
France, Denmark and Poland are also considering tightening rules around social media use for children Published Mon, Jun 8, 2026 · 04:21 PM [LONDON] British Prime Minister Keir Starmer is set to announce a ban on “harmful” online platforms for children under 16 while maintaining access to some safer forms of social media, the Times…
Read MoreSouth Korea names first female PM in decades to lead AI push
She would become the first woman to hold the post since former PM Han Myeong Sook in 2006 Published Mon, Jun 8, 2026 · 02:43 PM SOUTH Korean President Lee Jae Myung is placing his hopes on former Naver Corp chief executive Han Seong Sook to help better utilise the nation’s tech expertise for future…
Read MoreSingapore well-placed to be Asean’s gold-trading hub as regional duties rise: analysts
Creating enough market depth and building the necessary infrastructure is thus a priority, they add [SINGAPORE] Singapore is in a prime position to establish itself as South-east Asia’s neutral clearing and distribution hub for gold, industry observers told The Business Times. Neighbouring Asean economies have been tightening regulations on precious-metals trading. Malaysia’s newly announced 10…
Read MoreHow a few AI chip giants warped Asia’s stock picking game
TSMC, Samsung and SK Hynix make up a third of MSCI Asia-ex-Japan, raising concentration risks Published Mon, Jun 8, 2026 · 01:00 PM [SINGAPORE] Sam Konrad’s stocks are having a fantastic year, thanks to AI-fuelled rallies in Taiwan and South Korea, but his fund is so top heavy with winners, he now needs to ditch…
Read MoreOCBC to offer physical gold trading services for institutional, BOS private banking clients from Jun 10
[SINGAPORE] From Wednesday (Jun 10), OCBC will offer its institutional clients and high-net-worth customers of its private banking arm Bank of Singapore (BOS) physical gold trading services, the bank announced on Monday. Eligible clients will be able to buy, sell and custodise the precious metal through OCBC and store their holdings in a Singapore-based vault.…
Read MoreUOB appoints new CEOs for China and Hong Kong branch
The leadership changes are part of the bank’s efforts to deepen regional connectivity [SINGAPORE] United Overseas Bank (UOB) announced key senior leadership changes in UOB China and the UOB Hong Kong Branch on Monday (Jun 8), as part of the bank’s efforts to accelerate cross-border growth between Greater China and Asean. Effective July 1 this year,…
Read MoreGold extends losses on US interest rate-hike fears
Published Mon, Jun 8, 2026 · 10:11 AM [BENGALURU] Gold edged lower on Monday (Jun 8), extending losses from the previous session on US rate-hike concerns, while renewed hostilities in the Gulf pushed oil prices higher, fanning inflation concerns. Spot gold fell 0.2 per cent to US$4,321.49 per ounce by 0124 GMT. Prices fell about…
Read MoreNvidia announces deals with South Korea’s SK Hynix, Naver and Doosan for AI data centres
South Korea is an Asian manufacturing powerhouse, home to major manufacturers of chips, electronics, cars and ships Published Mon, Jun 8, 2026 · 08:48 AM [SEOUL] Nvidia on Monday (Jun 8) announced deals with South Korea’s SK Hynix, Naver and Doosan Group to build artificial intelligence data centres and use the US chip firm’s technology,…
Read MoreLum Chang Creations says still evaluating mainboard transfer due to ‘market volatility’
LCC says that it will also hold off on the listing and quotation of the bonus shares [SINGAPORE] Catalist-listed Lum Chang Creations (LCC) on Monday (Jun 8), said that it is “currently still monitoring and evaluating the market conditions” for its proposed placement as it prepares for a transfer to the mainboard. The placement was…
Read MoreAirlines see gains wearing off from Persian Gulf rivals’ absence
For now, some carriers have sought to benefit from the regional competitive dislocation Published Mon, Jun 8, 2026 · 07:06 AM [LONDON] European carriers that benefited from the temporary absence of their formidable Middle Eastern rivals in recent months are preparing for their ensuing booking boom to fade again as the Gulf carriers begin staging…
Read MoreBanks lay groundwork for mass workforce cuts as AI takes hold
Following recent comments by CEOs, industry workers have been left dazed about whether their jobs are safe [LONDON] In the the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s using key words from job listings, making eye contact – following advice he’s gotten from recruiters.…
Read More