Posts by Liam Redmond
Don’t just pump money – Temasek’s portfolio firms, markets must create inherent value: Teo Chee Hean
Others must decide if the investment company should do more or less in the local stock market, notes its chairman [SINGAPORE] From time to time, Temasek faces criticism for being “too dominant” in Singapore’s stock exchange, and that – according to chairman Teo Chee Hean – is something the investment company has to contend with.…
Read MoreIt’s not just about pumping money – Temasek’s portfolio firms and SGX must also create value: Teo Chee Hean
Others must decide if the investment company should do more or less in the local stock market, notes its chairman [SINGAPORE] From time to time, Temasek faces criticism for being “too dominant” in Singapore’s stock exchange, and that – according to chairman Teo Chee Hean – is something the investment company has to contend with.…
Read MoreNon-US dollar stablecoins can thrive where financial inefficiencies remain, including in Asean: StanChart
The bank’s digital assets executives back faster settlement across remittance corridors as a main use case [SINGAPORE] Despite the greenback’s dominance of the global stablecoin market, the use of local currency-pegged stablecoins could accelerate further in the coming years – including in South-east Asia. Notable use cases are emerging in the region through remittance corridors…
Read MoreKPMG Australia COO steps down amid growing audit client leak scandal
Published Wed, Jun 3, 2026 · 03:51 PM [SYDNEY] KPMG Australia said its chief operating officer stepped down on Wednesday (Jun 3), as the scandal grew over a whistleblower’s allegations that the accounting firm misused client information to win lucrative audit contracts. Eileen Hoggett, one of the people directly named by the whistleblower, will remain…
Read MoreMeta scales back plan for internal mouse-tracking tech, citing staff concerns
New controls allow employees to pause data collection for up to 30 minutes or request exemptions from the initiative Published Wed, Jun 3, 2026 · 03:31 PM [CALIFORNIA] Meta is dialling back elements of its plan to collect employee mouse movements, keystrokes and other actions for use as artificial intelligence-training data, it said in an…
Read MoreHolland & Barrett products return to Singapore in tie-up with DFI’s Guardian stores
[SINGAPORE] Almost 60 Holland & Barrett (H&B) products have made it to shelves in 15 Guardian Singapore stores, its website and app this month, as the British health and wellness brand returns to the Republic through a partnership with DFI Retail Group . The products will be available at over 50 Guardian stores by the…
Read MoreDFI’s Guardian stores add Holland & Barrett range as UK brand makes Singapore comeback
[SINGAPORE] Almost 60 Holland & Barrett (H&B) products have made it to shelves in 15 Guardian Singapore stores, its website and app in June, as the British health and wellness brand returns to the Republic through a partnership with DFI Retail Group . The products will be available in more than 50 Guardian stores by…
Read MoreIndonesian stocks tumble to five-year low, rupiah drops to record
Published Wed, Jun 3, 2026 · 01:35 PM — Updated Wed, Jun 3, 2026 · 01:47 PM [SINGAPORE/JAKARTA] Indonesian stocks slumped to their lowest level in five years while the rupiah reached another record low, underscoring investor concern that persistently high oil prices are straining the country’s finances. The benchmark Jakarta Composite Index (JCI) plunged…
Read MoreChinese investors exit Hong Kong stocks as AI woos money onshore
Flows are increasingly shifting to mainland-listed semiconductors and other AI-linked shares Published Wed, Jun 3, 2026 · 12:46 PM CHINESE investors are exiting Hong Kong-listed stocks in record numbers, highlighting waning appetite as mainland AI shares broaden their appeal. Mainland-listed exchange-traded funds focused on Hong Kong equities saw 25 billion yuan (S$4.7 billion) in outflows…
Read MoreGold eases on stronger oil as fresh Middle East hostilities erupt
Published Wed, Jun 3, 2026 · 10:45 AM [BENGALURU] Gold prices slipped on Wednesday (Jun 3), as renewed hostilities in the Middle East pushed crude oil prices higher, cementing fears that interest rates would stay higher for longer to tame inflation. Spot gold fell 0.2 per cent to US$4,476.50 per ounce by 9.03 am in…
Read MoreStocks to watch: ESR Reit, Del Monte Pacific, Vin’s Holdings
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 3): ESR Reit : The manager of the real estate investment trust (Reit) announced the establishment of a two billion euro (S$3 billion) medium term securities programme on Tuesday, for which OCBC is the arranger and initial dealer.…
Read MoreNvidia’s PC push carries downside risk for AEM, but DBS maintains ‘buy’ with S$11.80 target
AEM’s broader AI exposure, including data-centre GPU, should be less directly affected [SINGAPORE] Nvidia’s expansion into the personal computer (PC) market has introduced “a new watchpoint” for Singapore-listed semiconductor chip testing firm AEM Holdings , according to DBS analysts. In a Tuesday (Jun 2) note, DBS said that Nvidia’s RTX Spark introduces a “fresh competitive…
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