Posts by Liam Redmond
ANZ hires its first AI officer as banks rush to bolster tech ranks
Published Fri, Apr 24, 2026 · 11:13 AM ANZ Group Holdings has hired its first chief data and AI officer, as competition over artificial intelligence talent intensifies among big banks around the world. Kai Yang will join ANZ in Sydney in July after relocating from Hong Kong where he worked as HSBC Holdings Plc’s chief…
Read MoreRisk of a big war insurance claim is rising: marine insurers
There are reportedly about 20,000 crew members and 800 vessels still stuck in the war zone [SINGAPORE] The risk of a big claim stemming from the war in the Middle East is increasing, panellists commented at the Marine Insurance Asia conference on Thursday (Apr 23). Rolf Thore Roppestad, CEO of specialised marine insurer Gard, spoke…
Read MoreGold set for weekly drop as higher oil prices stoke inflation fears
Published Fri, Apr 24, 2026 · 10:42 AM GOLD held steady on Friday, but was on track for a weekly drop as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates amid stalled US-Iran peace talks. Spot gold was up 0.1 per cent at US$4,697 per ounce, as of 0105 GMT. The metal…
Read MoreMeta, Microsoft plan cuts, buyouts that may affect 23,000 jobs
Published Fri, Apr 24, 2026 · 10:03 AM [NEW YORk] Meta Platforms and Microsoft are planning cuts or announcing buyouts that could affect as many as 23,000 jobs, part of an effort to streamline operations and offset heavy spending on artificial intelligence. Meta told personnel in an internal memo on Thursday (Apr 23) that it planned to…
Read MoreSingapore emerging as neutral ground as AI firms navigate Sino-US rivalry
The US visa process has become more unpredictable with longer processing times and stricter screening [SINGAPORE] Singapore is transforming from East-West gateway to neutral ground for the AI sector, with Chinese startups hoping to operate beyond government reach while US firms seek foreign talent without the headache of stricter visa regulations. The city-state, a longtime…
Read MoreBYD’s car discounts show China’s EV price war is getting worse
Its CEO wrote in an annual letter to shareholders that China’s car industry has entered a “brutal knockout stage.” Published Fri, Apr 24, 2026 · 09:01 AM CHINA’S efforts to cool its automotive price war are faltering as BYD and rivals expand discounts to avoid ceding ground in the world’s largest car market. The average…
Read MoreExit concerns persist as South-east Asia PE investors prioritise strong management teams: Bain
Macroeconomic softness is cited as the key reason for the challenging exit environment, says the consultancy [SINGAPORE] Among their Asia-Pacific (Apac) peers, South-east Asia private equity (PE) investors are most concerned about exit conditions, a report by consultancy Bain & Company on Friday (Apr 24) indicated. Over 80 per cent of South-east Asia investors cited…
Read MoreStocks to watch: ST Engineering, CICT, CLI, Suntec Reit, Sheng Siong, Frasers Centerpoint Trust, Clint
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 24): ST Engineering : The impact of the Middle East war, alongside higher fuel and logistics costs, is assessed to be ”not material at the group level”, said ST Engineering chief executive officer Vincent Chong on Thursday at…
Read MoreESR-Reit reports 2.3% dip in Q1 NPI to S$80.6 million
[SINGAPORE] ESR-Reit’s net property income (NPI) fell 2.3 per cent to S$80.6 million for its first quarter ended Mar 31, from S$82.5 million in the year-ago period, the manager reported in a Q1 business update on Friday (Apr 24). Revenue for the quarter was down 0.4 per cent at S$110.1 million, from S$110.5 million a…
Read MoreFrasers Centrepoint Trust’s H1 DPU rises 1.4% to S$0.06136
[SINGAPORE] The manager of Frasers Centrepoint Trust (FCT) on Friday (Apr 24) posted a distribution per unit (DPU) of S$0.06136 for its first half ended Mar 31, a 1.4 per cent increase from S$0.06054 in the year-ago period. The improvements were supported by the strength of FCT’s suburban retail portfolio, said Richard Ng, chief executive…
Read MoreAmerican CEOs in their 60s are the new norm, with companies picking older bosses
With more years of experience making hard calls, older executives might be better able to seize the opportunities Published Fri, Apr 24, 2026 · 08:30 AM [NEW YORK] Apple’s new chief executive officer joined the iPhone maker 25 years ago and was tapped for the top job at age 50. While that would have been…
Read MoreCICT’s Q1 NPI up 7.9% at S$314 million; Reit unveils S$160 million revamp of Plaza Singapura, The Atrium@Orchard
[SINGAPORE] CapitaLand Integrated Commercial Trust (CICT) posted on Friday (Apr 24) a 7.9 per cent rise in net property income (NPI) to S$314.4 million for its first quarter ended Mar 31, 2026, from S$291.5 million in the previous corresponding period. The real estate investment trust’s (Reit) manager also announced a S$160 million asset enhancement at…
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