Posts by Liam Redmond
CDL, DBS launch S$300 million green loan to advance nature-based solutions in Singapore
It will be used for general corporate funding and working capital purposes, among others [SINGAPORE] City Developments Limited (CDL) has secured a new S$300 million multicurrency sustainability-linked loan (SLL) provided by DBS, a bourse filing on Friday (May 15) said. The aim of the venture is to accelerate the adoption of nature-based urban development solutions…
Read MoreTransforming Air India ‘definitely not going to be a walk in the park’: SIA chief Goh Choon Phong
[SINGAPORE] Singapore Airlines’ ( SIA ) investment in Air India is “a long game”, said SIA CEO Goh Choon Phong, even as the associated company racked up S$3.8 billion of losses in the latest financial year. The process of transforming Air India is “definitely not going to be a walk in the park”, he noted…
Read MoreRobot makers rule hottest Asia stock trades on physical AI boom
Investors are increasingly betting the next wave of value creation will come from robotics Published Fri, May 15, 2026 · 03:04 PM [TOKYO] Robotics has become one of the hottest stock themes in Asia as the artificial intelligence trade broadens beyond the region’s chipmakers. While the AI boom drove global awareness of Asia’s central role…
Read MoreIHH bags S$250 million sustainability-linked loan from DBS to promote safe use of antibiotics
The deal shows that such financing can go beyond traditional environmental metrics, says DBS [SINGAPORE] IHH Healthcare has secured a S$250 million sustainability-linked loan from DBS to tackle the misuse and overuse of antibiotics. One of the key performance indicators tied to the loan is for IHH to promote the responsible use of antibiotics in…
Read MoreGolden Agri-Resources Q1 net profit falls 20% to US$44 million amid weaker upstream business
[SINGAPORE] Golden Agri-Resources delivered a net profit of US$44 million for its first quarter ended Mar 31, a decline of 20 per cent from US$55 million in the previous corresponding period. Noting that commodity markets faced volatility due to escalating geopolitical tensions, the company said that earnings moderated primarily due to weaker contributions from the…
Read MoreIndia hikes fuel prices for the first time in four years amid Iran war crude spike
The move follows a cut in fuel taxes in March that gave refiners some relief, but will not offset losses Published Fri, May 15, 2026 · 01:57 PM [NEW DELHI] India’s state-run refiners have raised fuel prices for the first time in four years, as New Delhi yields to crude prices pushed higher by Iran…
Read More‘Quite confident’ of double-digit top-line growth in 2026: OCBC’s Hong Kong chief
To support the franchise’s wealth ambitions, the lender will increase its relationship manager headcount in the city by 30% in 2026 [SINGAPORE] OCBC’s Hong Kong franchise delivered a “very strong” performance in the first four months of 2026, putting it on track for double-digit revenue growth this year, said Wang Ke, the bank’s head of…
Read MoreOCBC Hong Kong to lift wealth RM headcount by 30% as revenue heads for double-digit growth
[SINGAPORE] OCBC’s Hong Kong franchise will hire 30 to 50 wealth management relationship managers in 2026, raising headcount by at least 30 per cent as it ramps up its wealth business. The hiring push comes as OCBC Hong Kong’s wealth management income rose 1.5 times from a year earlier in the first quarter ended Mar…
Read MoreSingapore’s Horizon Quantum seeks to capitalise on quantum computing’s turning point
The company creates tools that allow conventional software developers to code for quantum systems [SINGAPORE] Quantum computing is nearing an inflection point as advances in technology drive down error rates as well as open up multiple viable hardware pathways, bringing it closer to practical commercial use, said Dr Joe Fitzsimons, CEO of Horizon Quantum. “I…
Read MoreTroubled platform UCars founded by group of dealers wound up on S$4 million debt
Winding up application filed on Feb 23 after previous legal tussles between company and its main shareholder [SINGAPORE] Troubled local car portal UCars has been wound up, more than a year after it was revealed to be S$4 million in debt and owe salaries to former employees. A letter sent to creditors on Monday and…
Read MoreSouth Korea’s world-beating stock rally stumbles as global funds sell
Kospi hits 8,000, but gains vanish as foreign tech selling turns a morning surge into a retreat Published Fri, May 15, 2026 · 11:54 AM — Updated Fri, May 15, 2026 · 06:02 PM [SEOUL] South Korea’s world-beating stock rally came to a sudden halt as the benchmark tumbled on Friday (May 15), underscoring the…
Read MoreOpenAI explores legal options against Apple: source
Published Fri, May 15, 2026 · 11:04 AM [SAN FRANCISCO] Apple’s two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from its deal with the iPhone maker and preparing possible legal action, a person familiar with the matter said on Thursday (May 14). OpenAI wanted to resolve…
Read More