Posts by Liam Redmond
BlueSG relaunches as Flexar, pivots to asset-light model
[SINGAPORE] Point-to-point car-sharing service BlueSG’s rebrand as Flexar officially launched on Monday (May 4) with a strategy that abandons its pure-electric, fully owned fleet model in a bid to reduce capital intensity. Following a “strategic pause” of the original BlueSG service, the newly formed entity is shifting to an “asset-light” approach, it said. Flexar will…
Read MoreAsian stocks near record high on tech corporate earnings as US dollar dips
Published Mon, May 4, 2026 · 11:47 AM ASIAN shares traded near record highs on Monday (May 4) as stronger-than-expected corporate earnings from technology companies kept the sector buoyant, while oil fluctuated amid mixed signals from the Middle East. MSCI’s Asian equities gauge climbed 1.5 per cent to near its all-time high set on Feb…
Read MoreSIA to use Starlink for in-flight WiFi from 2027 on Airbus A350, A380
[SINGAPORE] Singapore Airlines (SIA) is set to roll out Starlink’s low-Earth orbit satellite-based WiFi service on its long-haul and ultra-long haul Airbus A350s and Airbus A380s, it said on Monday (May 4). The upgraded Internet will be launched on the flag carrier’s fleets from the first quarter of 2027, with completion expected by the end…
Read MoreOil slips after Trump says US will help free ships stranded in Strait of Hormuz
Negotiations between the US and Iran continued over the weekend with both sides assessing responses from each other Published Mon, May 4, 2026 · 09:39 AM [SINGAPORE] Oil prices eased on Monday (May 4) after US President Donald Trump said the US would begin an effort to free up ships stranded in the Strait of…
Read MoreStocks to watch: SGX, Nio, Mapletree Logistics Trust, Parkway Life Reit, Vin’s Holdings
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 4): Singapore Exchange (SGX) : Mercuria Energy Group is suing SGX subsidiary The Baltic Exchange, where rates are set for tankers and massive bulk carriers handling global commodity trade, according to a Bloomberg report. The suit is over…
Read MoreBeijing tells China firms to ignore US sanctions on refiners
The Asian nation has long been the single largest buyer of Teheran’s oil shipments Published Mon, May 4, 2026 · 07:43 AM [BEIJING] China ordered companies in the country not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying a blocking measure introduced in 2021 that was aimed…
Read MoreBig Tech earnings show split between AI trade winners and losers
The artificial intelligence boom is alive and well, but investors are getting more granular Published Sun, May 3, 2026 · 10:10 PM THE world’s biggest technology companies posted strong earnings last week, showing that the artificial intelligence boom is alive and well. But in the stock market, investors are getting more granular as they try…
Read MoreMore than a defence contractor – ST Engineering’s Vincent Chong is ready for the next lap
To see the group as a mere defence proxy cashing in on conflict misses the plot entirely [SINGAPORE] It is easy to look at ST Engineering’s rising share price and assume that the defence contractor is simply riding a wave of global instability amid growing military budgets and heightened geopolitical tensions. Indeed, ST Engineering is…
Read MoreAddvalue should rethink value unlocking move
The business it plans to spin off may garner a lofty valuation on Nasdaq, but its own shares may be plagued by a holding company discount [SINGAPORE] When Addvalue Technologies said on Mar 13 that it had formed a working team to realise the full potential of its Inter-Satellite Data Relay System (IDRS) business, it…
Read More‘Golden’ or ‘garbage’: Milken signals new private credit era
It is a time of turmoil for private equity firms, which have been struggling to exit investments [NEW YORK] Months before JPMorgan Chase chief executive Jamie Dimon’s infamous remark about more than one “cockroach” lurking in credit markets, TCW Group CEO Katie Koch warned that the direct lending industry was due for a reckoning. “We…
Read MoreOPEC+ set to agree to third oil output quota hike since Hormuz closure, sources say
The move is designed to show the group is ready to raise supplies once the war stops Published Sun, May 3, 2026 · 04:30 PM [LONDON] OPEC+ is set to agree on Sunday (May 3) to a modest oil output hike, sources said, but the increase will remain largely on paper as long as the…
Read MoreOpec+ agrees on symbolic quota hike as UAE touts oil investment
But the actual increase depends on the Strait of Hormuz reopening and shuttered production being restored Published Sun, May 3, 2026 · 04:30 PM — Updated Sun, May 3, 2026 · 08:32 PM [LONDON] Major members of the Organization of the Petroleum Exporting Countries and their allies (Opec+) have agreed on a modest and symbolic…
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