Posts by Liam Redmond
China expands travel curbs to top AI talent at private firms
The moves highlight how elite AI engineers are now seen as strategic assets to the country Published Tue, May 26, 2026 · 05:49 PM [BEIJING] China is restricting overseas travel for top AI professionals in private firms such as Alibaba Group Holding and DeepSeek, suggesting an escalation in measures intended to safeguard its technology and…
Read MoreAI unlikely to lead to ‘jobs apocalypse’, OpenAI CEO Altman says
An irreplaceable ‘human part’ of work remains even as AI expands across industries, Altman believes Published Tue, May 26, 2026 · 05:06 PM [SYDNEY] OpenAI CEO Sam Altman said on Tuesday (May 26) the rapid development and adoption of AI would not lead to a global “jobs apocalypse” and the technology had not claimed as…
Read MoreMalaysia jolts bullion trade with 10% import duty on gold bars
Malaysia imported around US$2.5 billion of non-monetary gold through April this year Published Tue, May 26, 2026 · 04:19 PM [KUALA LUMPUR] Malaysia has imposed a 10 per cent import duty on some gold bar shipments, according to traders familiar with the matter, disrupting the bullion trade in the South-east Asian nation. Some inbound cargoes…
Read MoreSri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
Published Tue, May 26, 2026 · 03:49 PM [COLOMBO] Sri Lanka’s central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday (May 26), the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices. Economic growth in the…
Read MoreIndonesia’s Merdeka Gold eyes Hong Kong debut with rare depositary receipt listing
The surprise in the deal is the potential reboot of the instrument known as HDRs for the first time in 12 years Published Tue, May 26, 2026 · 03:39 PM [HONG KONG] Indonesian gold miner Merdeka Gold Resources is gearing up for a Hong Kong stock-market debut with a listing structure that has fallen out…
Read MoreSats may reward shareholders with special dividend if there’s spare cash
The company is on course to achieve FY2029 targets of S$8 billion in revenue and 20 per cent Ebitda margins [SINGAPORE] Air freight handler and inflight caterer Sats may pay out special dividend or buy back shares when it has the spare cash. Kerry Mok, CEO of Sats said if the company has spare cash…
Read MoreSamsung’s non-chip union seeks court order to block vote on 40-trillion won bonus deal
The move highlights deepening compensation gaps between different divisions at the company Published Tue, May 26, 2026 · 02:25 PM [SEOUL] A Samsung Electronics union representing workers outside the ultra-profitable semiconductor division asked a Korean court to block voting on a tentative deal that would distribute about 40 trillion won (S$34 billion) in bonuses to…
Read MoreWho’s powering next-gen nuclear energy: AI boom drives hybrid financing wave
But scaling such technologies will hinge on the ability to bring in banks and institutional investors [SINGAPORE] Before Oklo went public through a special purpose acquisition company merger in May 2024, the startup had little more than a design for an advanced nuclear fission reactor. It had no operating reactor, no revenue, and had yet…
Read MoreAI-driven electricity demand powering hybrid financing for advanced nuclear startups
But scaling such technologies will hinge on the ability to bring in banks and institutional investors [SINGAPORE] Before Oklo went public through a special purpose acquisition company merger in May 2024, the startup had little more than a design for an advanced nuclear fission reactor. It had no operating reactor, no revenue, and had yet…
Read MoreWhy China is tightening controls on overseas stock trading
The move has already rattled brokerages and investors, and could reshape how mainland Chinese access foreign market CHINA’S efforts to control capital outflows are colliding with growing demand from mainland investors for access to overseas stocks. After an estimated US$1 trillion of unauthorised money left the country last year, authorities launched a sweeping crackdown on…
Read MoreMUFG explores options for stake in Indonesia’s Danamon including take-private deal: sources
Published Tue, May 26, 2026 · 12:17 PM [TOKYO] Mitsubishi UFJ Financial Group (MUFG) is exploring options for Bank Danamon Indonesia, including a take-private of the lender or selling some its stake to increase the public float, people with knowledge of the matter said. Japan’s biggest financial institution is working with an adviser on a…
Read MoreProperty group Lee Kim Tah reaches settlement with ex-director in ongoing misconduct probe
This relates to allegations of ex-CapitaLand employees in India accepting bribes, kickbacks from a JV subsidiary [SINGAPORE] Singapore-based property and real estate group Lee Kim Tah (LKT) has reached a settlement with a former director it had sued. It said that the former director, Edmund Cheah, will now cooperate in ongoing investigations into L&W Construction,…
Read More