Posts by Liam Redmond
China taps another tool to drain excess cash from market
It is set to withdraw a net 200 billion yuan (S$37.3 billion) via its one-year medium-term lending facility in April Published Mon, Apr 27, 2026 · 04:52 PM [BEIJING] China’s central bank is taking a further step to rein in a liquidity glut in its financial system by reducing the amount of medium-term funds it…
Read MoreThai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
[HANOI/SINGAPORE] Nguyen Thanh Giang and other rice farmers in Binh Thanh, in Vietnam’s southern An Giang province, harvested their spring crop earlier in April. As the province lies on the Mekong River Delta, they usually grow three crops a year back to back, making use of the fertile soil brought by the mighty river. “We…
Read MoreBillionaire-tax backers say they have enough signatures — times two — to qualify for ballot
Supporters of a billionaire tax said Sunday that they had gathered nearly twice as many signatures as necessary to qualify the controversial proposal for the November ballot. Opponents of the proposal argue that it already has driven wealthy Californians — crucial to funding the state’s volatile budget — to other parts of the nation. Advocates,…
Read MoreTravelling Down Under? Spending could be hit as Aussie dollar nears one-year high against Singdollar
A stronger Australian dollar means that Singaporeans are getting less bang for their buck Published Mon, Apr 27, 2026 · 01:47 PM [SINGAPORE] The Australian dollar has climbed to its strongest level against the Singapore dollar in a year, putting a damper on Singaporean travellers to the country, as well as those who study there…
Read MoreVietnam buys more LNG as temperatures set to rise above average
The next two weeks are forecast to be hotter than normal in the South-east Asia country Published Mon, Apr 27, 2026 · 12:47 PM [SINGAPORE] Vietnam is importing more liquefied natural gas (LNG) at elevated prices as the Iran war curbs global supplies, with the country bracing for above-average temperatures in the coming weeks. The…
Read MoreChina delays foreign debt sales with US$100 billion of bonds due
To avoid defaulting on their overseas debt, Chinese companies are resorting to selling short-term bonds Published Mon, Apr 27, 2026 · 11:47 AM [BEIJING] China is tightening approvals for overseas borrowings, leading some companies to scurry for cash with around US$100 billion of bonds coming due this year. The National Development and Reform Commission (NDRC)…
Read MoreChina’s car headlights can project movies like drive-in theatres
Huawei also offers a system that can project images onto roll-up screens behind the front seats, or from a raised tailgate Published Mon, Apr 27, 2026 · 10:54 AM [TOKYO] American drive-in theatres might be a relic of the past, but Chinese carmakers have found a novel way to bring them back: headlights that project…
Read MoreAddvalue Tech proposes Nasdaq spin-off listing of wholly owned unit
Addvalue Solutions deals with the group’s activities involving the Inter-Satellite Data Relay System [SINGAPORE] Addvalue Technologies on Monday (Apr 27) said that it submitted an application to the Singapore Exchange proposing a spin-off listing of its wholly owned subsidiary, Addvalue Solutions (AVS), on the Nasdaq stock exchange. A bourse filing noted that a new entity…
Read MoreThai baht war losses set to deepen on oil shock, strategists say
The central bank has also signalled it will refrain from raising interest rates “for as long as possible” to support the economy Published Mon, Apr 27, 2026 · 08:48 AM [SINGAPORE] The Thai baht has been among the worst performers in Asia since the start of the Iran War and it’s at risk of further…
Read MoreGold declines as attempts to restart US-Iran peace talks falter
In the Middle East, the effective closure of Hormuz has disrupted around a fifth of the world’s oil flows Published Mon, Apr 27, 2026 · 07:52 AM GOLD fell after efforts to resume peace talks between the US and Iran stalled and energy flows via the Strait of Hormuz remained choked, two months into a…
Read MoreRecord-setting momentum rally is drawing doubters
Investors will get a key glimpse into the state of the American earnings machine this week Published Mon, Apr 27, 2026 · 06:22 AM [NEW YORK/SINGAPORE] April’s rally in risk assets has weathered stalled peace talks, signs of resurgent inflation and a central-bank succession drama. Investors may be about to find out if the speed…
Read MoreSGX RegCo stiffens its back with proposal for enhanced disclosures to drive value creation
The frontline market regulator should ask boards for more transparency on their thinking on capital management [SINGAPORE] When Singapore Exchange Regulation (SGX RegCo) launched a public consultation last week on enhanced disclosures to promote value creation and investor engagement, its chief executive Tan Boon Gin noted that some market participants had been pushing for the…
Read More