Posts by Liam Redmond
CapitaLand Ascott Trust to be replaced by SIA Engineering on STI reserve list
[SINGAPORE] There will be no changes to the 30 constituents of the Straits Times Index (STI) after the latest quarterly review, said index administrator FTSE Russell on Thursday (Mar 5). However, SIA Engineering – the engineering arm of national carrier Singapore Airlines (SIA) – will replace CapitaLand Ascott Trust on the reserve list come Mar…
Read MoreHow our AI bots are ignoring their programming and giving hackers superpowers
Welcome to the age of AI hacking, in which the right prompts make amateurs into master hackers. A group of cybercriminals recently used off-the-shelf artificial intelligence chatbots to steal data on nearly 200 million taxpayers. The bots provided the code and ready-to-execute plans to bypass firewalls. Although they were explicitly programmed to refuse to help…
Read MoreUI Boustead Reit launches S$1.2 billion IPO at S$0.88 per unit
Following the offering, the trust will have a total market capitalisation of S$1.95 billion [SINGAPORE] UI Boustead Real Estate Investment Trust (Reit) has launched its initial public offering (IPO) of about 677.2 million units at S$0.88 each, and is expected to start trading on the Singapore Exchange mainboard on Mar 12. It expects to raise…
Read MoreAmundi, KKR, Temasek unit among bidders for UOB Asset Management: sources
Published Thu, Mar 5, 2026 · 06:37 PM [SINGAPORE] Amundi, KKR and Temasek Holdings’ Seviora unit are bidding for United Overseas Bank’s asset management arm, according to people familiar with the matter. The three have submitted non-binding offers to invest in UOB Asset Management, the people said, asking not to be identified because the information…
Read MoreCSE Global undergoes strategic review after request from controlling shareholder Heliconia Capital Management
It is weighing options including potential transactions involving its shares, or all or part of its business and assets [SINGAPORE] CSE Global is in the early stages of a strategic review and is assessing options including a potential transaction involving its shares, or, all or part of its business and assets. The mainboard-listed group said…
Read MoreSingapore stocks climb amid Asian equities rebound; STI up 0.7%
[SINGAPORE] Singapore stocks rose on Thursday (Mar 5), as Asian equities rebounded after a three-day rout sparked by the Middle East war. The benchmark Straits Times Index (STI) rose 0.7 per cent or 33.81 points to finish at 4,846.56. Across the wider Singapore market, gainers outperformed losers 376 to 231, after 1.7 billion securities worth…
Read MoreFirst home-grown gold ETF to list on SGX on Mar 26
[SINGAPORE] Singapore’s first home-grown physical gold exchange-traded fund (ETF), the LionGlobal Singapore Physical Gold ETF, will be making its listing debut on the Singapore Exchange (SGX) on Mar 26. The gold ETF is listed by Lion Global Investors (LGI), a subsidiary of Great Eastern Holdings and member of local bank OCBC, and will be traded in both…
Read MoreChina’s top chip bosses urge supportive policies to create ‘China’s ASML’
The country faces bottlenecks in EDA and basic materials, along with EUV machines Published Thu, Mar 5, 2026 · 05:37 PM [BEIJING] Top Chinese semiconductor executives have called for a coordinated national effort to develop operational lithography systems during the 2026-to-2030 period, underlining Beijing’s push for greater technological self-reliance. Zhao Jinrong, chairman of Naura Technology…
Read MoreMAS expands environmental risk management guidelines
[SINGAPORE] The Monetary Authority of Singapore (MAS) on Thursday (Mar 5) issued three new guidelines on environmental risk management and transition planning for financial institutions (FIs), which includes banks, insurers and asset managers. The new guidelines outline MAS’ supervisory expectations for these three categories of FIs, in terms of how they manage the climate change-related…
Read MoreA 900% fare hike shows Asian carriers Singapore Airlines, Cathay Pacific can weather Iran chaos
Published Thu, Mar 5, 2026 · 02:38 PM [SINGAPORE] Asian carriers like Cathay Pacific Airway and Singapore Airlines are among the best positioned airlines to weather the war in the Middle East as travellers scramble for flights – and pay huge premiums – to escape the conflict. Asian airlines have emerged as one of the…
Read MoreA 900% fare hike shows Asian carriers SIA, Cathay Pacific can weather Iran war
Published Thu, Mar 5, 2026 · 02:38 PM [SINGAPORE] Asian carriers like Cathay Pacific Airway and Singapore Airlines are among the best positioned airlines to weather the war in the Middle East as travellers scramble for flights – and pay huge premiums – to escape the conflict. Asian airlines have emerged as one of the…
Read MoreChina tells top refiners to halt diesel and petrol exports
Across Asia, the country ranks third for seaborne exports, behind South Korea and Singapore Published Thu, Mar 5, 2026 · 01:15 PM [SINGAPORE] China’s government has told the country’s largest oil refiners to suspend exports of diesel and petrol as an escalating conflict in the Persian Gulf disrupts the arrival of crude from one of…
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