Posts by Liam Redmond
CDL Hospitality Trusts flag negative impact from Middle East conflict
[SINGAPORE] CDL Hospitality Trusts (CDLHT) disclosed on Friday (Apr 17) that the ongoing conflict in the Middle East has “resulted in a negative impact on the portfolio’s overall performance”, although the management maintained that the impact has not been material to date. In a series of responses to questions from security holders released ahead of…
Read MoreCDL Hospitality Trusts flags negative impact from Middle East conflict
[SINGAPORE] CDL Hospitality Trusts (CDLHT) disclosed on Friday (Apr 17) that the ongoing conflict in the Middle East has “resulted in a negative impact on the portfolio’s overall performance”, although the management maintained that the impact has not been material to date. In a series of responses to questions from security holders released ahead of…
Read MoreSeatrium says no material impact expected even as customers defer maintenance and repair work amid Mid-East conflict
It is replenishing its order book with more than S$32 billion in pipeline deals over the next 24 months [SINGAPORE] Demand for Seatrium’s maintenance, repair and overhaul services (MRO) has softened amid the Middle Eastern conflict, even as the overall impact on its other operations remains limited. Seatrium has no major Middle East-related projects in…
Read MoreSingapore shares fall on Friday, pending news of US-Iran diplomacy efforts; STI down 0.2%
Yangzijiang Shipbuilding leads the gainers on the benchmark index, rising to S$4.09 [SINGAPORE] Singapore stocks closed lower on Friday (Apr 17), mirroring a broader regional reversal as investors await updates on an extension to the US-Iran ceasefire that ends next Tuesday. The benchmark Straits Times Index (STI) lost 0.2 per cent or 9.9 points to…
Read MoreChinese regulator fines, confiscates US$527m from food-delivery platforms
Published Fri, Apr 17, 2026 · 06:32 PM [BEIJING] China’s market regulator on Friday (Apr 17) fined and confiscated a total of US$527.32 million from seven e-commerce platforms over food delivery safety violations, an official statement showed. The companies fined include Pinduoduo, Meituan, JD.com, ByteDance’s Douyin and Alibaba’s food delivery service, Taobao Shangou. Investigations showed…
Read MoreUOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
The lender also flagged minimal private credit exposure, and said that its balance sheet can absorb Middle East shocks [SINGAPORE] UOB’s S$4.9 billion acquisition of Citigroup retail banking businesses in Indonesia, Malaysia, Thailand and Vietnam is now “paying off”, as the lender steps up its push into Asean, said deputy chairman and chief executive Wee…
Read MoreIran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO
Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots [SINGAPORE] A prolonged disruption in the Strait of Hormuz could drive up inflation and energy costs across Asia as geopolitical tensions add to mounting risks from natural disasters, cautioned Andreas Berger, group CEO at global reinsurer Swiss Re. About a…
Read MoreEricsson first-quarter profit misses estimates on sluggish sales
The company has focused on slashing costs, eliminating about 5,000 jobs worldwide in 2025 Published Fri, Apr 17, 2026 · 02:02 PM [ZURICH] Ericsson earnings missed analysts’ forecasts in the first quarter, as the Swedish company struggled in a weak market for telecommunications equipment and rising chip costs, in part due to the artificial intelligence…
Read MoreVietjet signs finance lease deal with SPDB for 10 Chinese-made Comac aircraft
Published Fri, Apr 17, 2026 · 01:34 PM [HANOI] Vietnam’s budget airline Vietjet has signed a finance lease agreement for 10 Comac C909 narrow body aircraft with China’s SPDB Financial Leasing, it said on Thursday (Apr 16). The announcement was made during a visit to China by Vietnam’s President To Lam, his first overseas trip…
Read MoreWall Street turns gloomy on US dollar as haven demand fades
Investors are once again focusing on the headwinds that drove the dollar down 8 per cent in 2025 Published Fri, Apr 17, 2026 · 01:34 PM DEUTSCHE Bank and Wells Fargo are among banks declaring the US dollar’s war-driven haven rally is likely over as the fragile ceasefire between the US and Iran prompts investors…
Read MoreIMF expects ECB to raise rates by half a percentage point in 2026
Published Fri, Apr 17, 2026 · 01:32 PM [WASHINGTON] The European Central Bank should lift its key interest rate twice this year to combat an energy-driven inflation surge, but should then reverse these moves in 2027, the International Monetary Fund’s European Department chief said on Friday. “Under our reference scenario, we would expect the ECB…
Read MoreHormuz blockade stirs tension over Malacca strait near Singapore
The Strait of Malacca is also more than five times longer than the Strait of Hormuz, providing ample scope for disruption Published Fri, Apr 17, 2026 · 12:27 PM [SINGAPORE] The Iranian and US blockades of the Strait of Hormuz are reviving anxiety over the fate of Asia’s most crucial strategic bottleneck. The Strait of…
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