Posts by Liam Redmond
Singapore stocks retreat as bank sell-off snaps STI’s two-day winning streak
Published Thu, Jun 4, 2026 · 06:27 PM [SINGAPORE] Singapore stocks ended lower on Thursday (Jun 4), snapping a two-day winning streak as the three local banks retreated from recent highs. The benchmark Straits Times Index (STI) fell 1.4 per cent, or 70.71 points, to 5,067.53. This was as the local banks all finished in…
Read MoreBOJ expected to raise interest rates in June: sources
Markets are pricing in an 80% chance that the bank will raise its short-term policy rate to 1% from 0.75% Published Thu, Jun 4, 2026 · 03:50 PM [TOKYO] The Bank of Japan (BOJ) is expected to raise interest rates in June, unless a sharp escalation in the Middle East conflict upends markets, three sources…
Read MoreFoxconn and Intel team up to build next-gen AI systems
Published Thu, Jun 4, 2026 · 03:48 PM [TAIPEI] Foxconn said on Thursday (Jun 4) it will work with US chipmaker Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, said in…
Read MoreMalaysian palm oil exports to face pressure from Indonesia’s commodity export overhaul
Indonesian palm oil is currently more attractively priced than Malaysian supplies Published Thu, Jun 4, 2026 · 03:38 PM [KUALA LUMPUR] Malaysian palm oil exports could tumble for a third straight month in June if buyers favour cheaper Indonesian supplies as Jakarta’s overhaul of commodity shipments sparks a push to move cargoes before the new…
Read MoreAsia steps up currency defence as South Korea, Indonesia vow action
Published Thu, Jun 4, 2026 · 02:08 PM [MUMBAI] Asian authorities are ramping up their currency defence as high energy costs and bets that the Federal Reserve will raise interest rates pressure them. South Korea on Thursday (Jun 4) vowed to curb excessive volatility as the won fell to near the lowest against the US…
Read MoreJardines has survived wars and market collapses. Can it survive the digital age?
For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be disconcerting [SINGAPORE] With a history spanning nearly two centuries tracing back to its roots as an opium trading house, Jardine Matheson has survived empires, wars and market collapses. But can a venerable…
Read MoreIndonesia passes sweeping bill expanding central bank role to spur growth
Promoting sustainable economic growth is already part of Bank Indonesia’s mandate, along with price and foreign exchange rate stability Published Thu, Jun 4, 2026 · 12:44 PM [JAKARTA] Indonesia’s parliament on Thursday (Jun 4) passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators…
Read MoreTSMC CEO warns chip supply won’t meet AI-fuelled demand for years
The company has been expanding its footprint beyond its home island to add capacity Published Thu, Jun 4, 2026 · 12:14 PM [TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC) CEO CC Wei said that the company’s global chip supply will fall short of AI-fuelled demand for years to come, sustaining revenue growth for the firm. Even…
Read MoreMalaysian tycoon Vincent Tan cuts Berjaya stake in asset sales
Separate filings also show the founder is no longer a substantial shareholder in six listed companies Published Thu, Jun 4, 2026 · 11:08 AM [KUALA LUMPUR] Malaysian tycoon Vincent Tan sold RM115 million (S$37 million) worth of shares in conglomerate Berjaya, extending a series of disposals that have reduced his holding in the company to…
Read MoreDecade-high dividend for Income shareholders: Key takeaways from insurer’s 2026 AGM
[SINGAPORE] Shareholders of Income Insurance will enjoy their highest dividend in 10 years after the insurer reported strong annual profits, while also gaining a renewed avenue to sell their shares. The developments were disclosed during Income’s annual general meeting (AGM) on May 25 and in its 2025 financial year report, which was released on Jun…
Read MoreRecord Singapore-US rate gap may widen further on inflows and hawkish Fed outlook
Borrowing costs in the city state tend to closely track global interest rates, especially those of the US Published Thu, Jun 4, 2026 · 10:01 AM [SINGAPORE] The gap between Singapore and US swap rates has widened to a record, a trend likely to extend as foreign inflows keep the city state’s liquidity ample while…
Read MoreSingapore stocks slide as Iran ceasefire wavers, Fed rate hike fears grow
STI down 1%; DBS leads decline, dropping 1.3% to wipe out S$2.3 billion in market value [SINGAPORE] Singapore equities were a sea of red on Thursday (Jun 4) morning after hostilities in the Middle East flared again, further weakening the shaky ceasefire in the region. The Straits Times Index was down about 1 per cent…
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