Posts by Liam Redmond
AI boom: AEM quadruples Q1 profit to S$14.3 million, raises FY2026 revenue guidance by 20%
Its largest customer this year will likely be a fabless artificial intelligence and high-performance computing player [SINGAPORE] Semiconductor test solutions provider AEM posted S$14.3 million in net profit for the first quarter ended Mar 31, more than quadrupling from S$3.3 million in the year-ago period. The company also raised its FY2026 revenue guidance by 20…
Read MoreLinkedIn is planning to lay off 5% of staff in latest tech-sector cuts, source says
Published Wed, May 13, 2026 · 10:34 PM — Updated Thu, May 14, 2026 · 12:22 AM [SAN FRANCISCO] LinkedIn planned to inform staff of layoffs on Wednesday, two people familiar with the matter told Reuters, in a widening of technology sector cuts this year. The Microsoft-owned social network plans to cut about 5 per cent of…
Read MoreMeta to launch ‘Incognito Chat’ for private AI conversations on WhatsApp
Published Wed, May 13, 2026 · 10:21 PM META Platforms is rolling out a new “Incognito Chat” feature for its artificial intelligence assistant on WhatsApp messaging service, the company said on Wednesday, as it looks to address data privacy concerns. Meta said incognito chats will be powered by its private processing technology, ensuring conversations remain…
Read MoreS&P 500 opens muted as hot inflation data signals rates to stay on hold
Published Wed, May 13, 2026 · 09:41 PM [NEW YORK] The S&P 500 was subdued at the open on Wednesday (May 13) as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all through this year. The Dow Jones Industrial Average fell 86.0 points, or 0.17 per cent, at the…
Read MoreOpec cuts 2026 global oil demand growth forecast
Published Wed, May 13, 2026 · 09:24 PM [LONDON] Opec on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to the Iran war. The producer group sees a smaller hit to demand than the IEA, which earlier on Wednesday…
Read MoreStronger Russian rouble drives Food Empire’s Q1 revenue up 16.9% at US$159.7 million
The company’s board also approves a one-for-five bonus share issue to improve liquidity [SINGAPORE] Instant coffee specialist Food Empire posted a 16.9 per cent rise in revenue to US$159.7 million for the first quarter ended Mar 31. This is its strongest Q1 revenue performance, due to growth across most markets and the stronger Russian currency,…
Read MoreShedding the iconic ‘Cycle & Carriage’ will be a loss – but perhaps a necessary one for Jardine
Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings Source link
Read MoreTencent Q1 revenue miss heightens pressure for AI payoff
Published Wed, May 13, 2026 · 07:39 PM The figure is up 9% at 196.5 billion yuan, less than the average analyst forecast of 199.4 billion yuan [BEIJING] Tencent’s March-quarter revenue missed estimates, underscoring the urgency around its costly artificial intelligence pivot – while core businesses such as games and advertising show signs of age.…
Read MoreWhy ‘House of David’ director thinks AI can save Hollywood jobs
In 1926, director Cecil B. DeMille hired hundreds of workers to build a set of Jerusalem inside the DeMille Studios in Culver City for the classic silent film “The King of Kings.” A century later, Jon Erwin filmed his biblical epic ‘The Old Stories: Moses,’ starring Ben Kingsley, on the same studio lot now owned…
Read MoreVietnam EV maker VinFast says it will undergo corporate restructuring
Published Wed, May 13, 2026 · 05:37 PM [HANOI] VinFast is planning to sell its Vietnam manufacturing facilities to a buyer group that includes its founder and chief executive Pham Nhat Vuong, with the loss-making electric vehicle maker aiming to restructure its local operations into a more “asset-light” model, a company filing showed. VinFast said…
Read MoreSingapore life insurers pay out over S$5 billion in Q1, the highest for quarter since 2021
This coincides with more people strengthening their financial resilience by boosting health coverage and pursuing wealth accumulation, says industry body [SINGAPORE] The local life insurance industry paid out S$5.08 billion in claims and maturity payouts to individuals and families in Singapore in the first quarter of 2026, marking the highest Q1 payout since 2021. The…
Read MoreEuropean shares rise as oil prices slip on fragile US-Iran ceasefire
Published Wed, May 13, 2026 · 03:33 PM EUROPEAN shares rose on Wednesday, recovering from a sharp drop in the previous session, as oil prices retreated after peace negotiations between Washington and Teheran remained deadlocked. The pan-European Stoxx 600 was up 0.7 per cent at 611.06 points, as of 0703 GMT. The index closed more…
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