Posts by Liam Redmond
Yangzijiang spins off new unit to operate vessel delivery and repair in Nantong
The new subsidiary has a registered capital of US$100 million, funded through the group’s internal resources [SINGAPORE] Yangzijiang Shipbuilding has spun off a new unit to build and run facilities in Nantong, China, for delivering large vessels and carrying out ship repair and conversion work. In a bourse statement on Wednesday (Apr 15), the mainboard-listed…
Read MoreChina’s data centres are plugging into Reit-style financing wave
Holding-type real asset-backed securities (ABS) – has seen rapid uptake since it was introduced less than three years ago Published Wed, Apr 15, 2026 · 04:25 PM [HONG KONG] China’s data centre operators are tapping a fast-growing asset-backed security market, raising more than a billion US dollars from investors hungry for higher yields. The niche…
Read MoreSoftBank lenders ask more banks to join US$40 billion OpenAI loan
Published Wed, Apr 15, 2026 · 03:06 PM [TOKYO] More banks are being invited to join SoftBank Group’s US$40 billion loan backing its investment in US tech giant OpenAI, in one of the biggest tests yet of creditor sentiment toward the Japanese conglomerate’s debt-fuelled push further into artificial intelligence (AI). The deal has recently entered…
Read MoreOCBC to train wealth advisers using generative AI
[SINGAPORE] OCBC has launched a generative artificial-intelligence-powered training programme for its 900 wealth advisers in Singapore, shifting away from a model that relied exclusively on in-person supervision, it announced on Wednesday (Apr 15). The six-month initiative was developed over a year using large language models and proprietary customer data, and deploys GenAI to coach wealth…
Read MoreUS prosecutors made unannounced visit to Federal Reserve in DC
Published Wed, Apr 15, 2026 · 01:03 PM US PROSECUTORS made a surprise visit to the Federal Reserve’s offices in Washington Tuesday amid the Justice Department’s investigation into Chair Jerome Powell and a renovation project at the central bank, according to a person familiar with the matter. Three officials from the DOJ attempted to enter…
Read MoreDBS sees wealthy European, US clients more interested in Asia
DBS and local rivals drew a combined S$77 billion in net new wealth money last year Published Wed, Apr 15, 2026 · 11:46 AM WEALTHY clients in Europe and the US are hunting for investment and wealth management options in Asia to shield their portfolios from volatility that’s here to stay, according to DBS’ head…
Read MoreMalaysia’s fuel subsidy bill swells to RM7 billion in April
RON95 – the most popular grade of petrol – retails at RM1.99 per litre, among the lowest in the world Published Wed, Apr 15, 2026 · 10:52 AM MALAYSIA’S government expects to spend about RM7 billion (S$2.3 billion) on fuel subsidies in April, roughly ten times more than what it was paying before the Iran…
Read MoreAsian stocks track US rally on Iran peace push
Published Wed, Apr 15, 2026 · 09:49 AM ASIAN stocks opened higher, tracking Wall Street gains, as optimism over further US-Iran talks lifted sentiment and pushed down oil prices. Equities opened higher in Japan, South Korea and Australia, sending the broader MSCI Asia Pacific Index up 0.9 per cent. That came after the S&P 500…
Read MoreF&N to acquire nearly 20% stake in New Zealand honey manufacturer Comvita for NZ$20.1 million
This broadens its participation in health and wellness, with a focus on long-term growth categories [SINGAPORE] Fraser and Neave (F&N) will invest up to NZ$20.1 million (S$15.1 million) in New Zealand-based honey producer Comvita, it said on Wednesday (Apr 15). The mainboard-listed beverage maker has agreed to participate as a cornerstone investor in a proposed…
Read MoreOpenAI CEO Sam Altman addresses Molotov cocktail attack on his home and AI backlash
Hours after a Molotov cocktail was thrown at his San Francisco home, OpenAI Chief Executive Sam Altman addressed the criticism surrounding artificial intelligence that appears to have been the impetus for the attack. In a lengthy blog post, Altman shared a family photo of his husband and child, stating he hopes it might convince people…
Read MoreScattered showers expected Sunday through Monday in L.A.
A storm system has moved through Los Angeles County heading east, and while a majority of the heavy rain has already dumped onto the region Sunday morning, scattered showers are expected throughout the day and possibly into early Monday, according to the National Weather Service. Parts of the Los Angeles region woke up to a…
Read MoreCommentary: Wipe out a ‘civilization’? Minor stuff compared with what just happened in AI
While many of us were worried in recent days about our president ending a “whole civilization,” one Silicon Valley tech company was warning, without much notice, it might accidentally disrupt all civilization as we know it. The San Francisco technology company Anthrophic announced Tuesday that it wasn’t releasing a new version of its Claude AI…
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