Posts by Liam Redmond
Hong Kong airport raises HK$19 billion amid local-debt boom
Published Wed, Apr 29, 2026 · 08:53 PM [HONG KONG] Hong Kong’s airport operator raised HK$19 billion (S$3.1 billion) from what is expected to be its only public bond sale this year. This added to a surge in debt sales denominated in the city’s currency. The Airport Authority sold three, five and 10-year bonds in…
Read MoreChina suspends autonomous driving permits after Baidu outage
The halt comes as a setback to a fast-growing industry that is estimated to be worth 83.1 billion yuan by 2030 Published Wed, Apr 29, 2026 · 08:32 PM [BEIJING] China has suspended issuing new licences for autonomous vehicles, according to people familiar with the matter, after dozens of Baidu’s Apollo Go robotaxis suddenly stopped…
Read MoreLandmark Reit Q1 net property income rises 5.7% to S$30.8 million
[SINGAPORE] Landmark Reit, formerly Lippo Malls Indonesia Retail Trust, on Wednesday (Apr 29) posted a 5.7 per cent increase in net property income to S$30.8 million for the first quarter ended Mar 31, 2026. This was up from S$29.2 million a year prior. This came amid an 8.5 per cent depreciation of the rupiah against…
Read MoreSheng Siong Q1 net profit up 12.6% on stronger sales
[SINGAPORE] Supermarket operator Sheng Siong recorded a 12.6 per cent increase in net profit to S$43.4 million for the first quarter ended Mar 31, from S$38.5 million the year before. Revenue grew 12.4 per cent to S$452.8 million, from S$403 million in the corresponding period last year. This was attributed to the 12 new stores…
Read MoreCDL strategic review ‘timely’ after last year’s disputes, Sherman Kwek tells shareholders
The exercise will be ‘a look back at everything we’ve done’, says group CEO; details to be unveiled by end-June [SINGAPORE] An ongoing strategic review being done by City Developments Ltd (CDL) was “timely” after the company went through “some difficulties” and internal disputes last year, group chief executive officer Sherman Kwek told a packed…
Read MoreMore disclosures tied to value creation could be just the ‘culture shock’ the market needs
Entrenched mindsets that fester in short-term thinking about corporate governance could exact a steep cost [SINGAPORE] When the market regulator proposed enhanced disclosures by company boards to promote value creation and investor engagement, murmurs of push-back predictably started to echo through the financial district. This is understandable. Deep-seated corporate behaviour and entrenched cultures are incredibly…
Read MoreTender for major upgrade of Changi Airport Terminal 3 to be issued in second half of 2026
The update will emphasise digitalisation and robotics, some of which will be pilot projects for Terminal 5 [SINGAPORE] A major upgrade to Changi Airport Terminal 3 (T3) will kick off this year, with the tender to be issued in the second half of 2026, said Acting Minister for Transport Jeffrey Siow. Speaking at the Changi…
Read MoreWilmar posts 22.8% fall in Q1 net profit to US$265.6 million amid volatile commodity prices
Operating conditions for the year depend on developments in global trade policies, says the company [SINGAPORE] Wilmar reported a 22.8 per cent decrease in net profit to US$265.6 million for the first quarter ended Mar 31, from US$343.9 million in the corresponding year-ago period. Revenue for the quarter grew 21.9 per cent to US$19.8 billion…
Read MoreChina’s mega banks post increased profits in first quarter
Net interest margins are stable or continued to narrow across the banks, while non-performing loan ratios are largely stable Published Wed, Apr 29, 2026 · 05:25 PM [BEIJING] China’s largest state-owned lenders reported increased first-quarter earnings, as the industry seeks to emerge from a protracted squeeze on profitability that has defined the sector’s performance for…
Read MoreBig Chinese tech firms scramble to secure Huawei AI chips after DeepSeek V4 launch: sources
Internet firms including ByteDance, Tencent and Alibaba are reaching out about Ascend 950 orders Published Wed, Apr 29, 2026 · 04:21 PM [BEIJING] Demand for Huawei’s Ascend 950 AI chips has surged following the release of DeepSeek’s V4 artificial intelligence model that runs on the Shenzhen-based tech firm’s chips, with major Chinese Internet firms rushing…
Read MoreThai central bank holds key interest rate, as expected
Its monetary policy committee voted unanimously to maintain the one-day repurchase rate at 1% Published Wed, Apr 29, 2026 · 03:21 PM [BANGKOK] Thailand’s central bank kept its key interest rate unchanged at a review on Wednesday (Apr 29), as expected, as it assesses the economic impact of higher oil prices caused by the war…
Read MoreCognition fast-tracks Asia-Pacific expansion with new Singapore headquarters
This follows the tech company’s entry into the region through Japan earlier in April [SINGAPORE] Cognition, best known for being the company behind pioneer artificial intelligence software development tool Devin, launched its regional headquarters in Singapore on Wednesday (Apr 29) amid surging enterprise demand across the region. Launched in March 2024, Devin was recognised for…
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