Posts by Liam Redmond
India’s IndiGo names Iata head Willie Walsh as new CEO
Published Tue, Mar 31, 2026 · 06:33 PM [NEW DELHI] Indian low-cost carrier IndiGo named Willie Walsh, the current director general of the International Air Transport Association (Iata), as its new chief executive on Tuesday (Mar 31). Walsh’s tenure as head of the global airline industry body comes to a close on Jul 31, and…
Read MoreYangzijiang Shipbuilding bags US$980 million in vessel contracts in Q1
[SINGAPORE] Yangzijiang Shipbuilding said on Tuesday (Mar 31) that it secured shipbuilding contracts for 22 vessels in the first quarter of 2026, with an estimated aggregate value of about US$980 million. The contracts are for 17 container ships, four oil tankers and one bulk carrier. These are scheduled for deliveries between 2028 and 2029. The…
Read MorePing An bets on AI to add US$174 billion to underperforming stock
A gateway linking 500 banking, insurance, and healthcare services sits at the core of the plan [HONG KONG] Five years ago, almost no accident and health insurance claims at Ping An Insurance Group ran without humans. Today, nearly 60 per cent are automated, with some settled in just 51 seconds. The leap shows Ping An’s…
Read MoreDBS’ Tan Su Shan flags second-order risks from Middle East conflict despite limited exposure
The bank sees limited direct exposure, but warns inflation, supply chains and small businesses could be hit if tensions persist [SINGAPORE] DBS has “very limited” direct exposure to the Middle East, but a prolonged conflict that keeps oil prices at or above US$100 per barrel could trigger broader second-order risks, chief executive officer Tan Su…
Read MoreBlackRock to launch quant fund trading Singapore stocks
The actively managed fund, with at least S$500 million in assets, will allocate 50% or more to Singapore at the start Published Tue, Mar 31, 2026 · 04:24 PM [SINGAPORE] BlackRock plans to launch a fund next month focused on large South-east Asian stocks, according to people familiar with the matter, a move supporting Singapore’s…
Read MoreOil could spike to US$200 if Hormuz remains shut, Fesharaki warns
Every week, 100 million barrels of oil is not going through, and every month, 400 million barrels are not going through Published Tue, Mar 31, 2026 · 03:10 PM [LONDON] Oil could surge to US$150 or US$200 a barrel if the near-closure of the Strait of Hormuz persists over the next six to eight weeks…
Read MoreOver 1 million Singaporean households to get utility, service and conservancy rebates in April
Published Tue, Mar 31, 2026 · 01:33 PM [SINGAPORE] More than 1 million Singaporean households in HDB flats will receive rebates on their utility and conservancy bills in April, as part of a government scheme to help with the cost of living. In a statement on March 31, the Ministry of Finance (MOF) said eligible…
Read MoreMicrosoft plans US$1 billion investment in Thailand, Thai government says
Published Tue, Mar 31, 2026 · 01:18 PM [BANGKOK] Microsoft plans to invest US$1 billion in Thailand over the next two years in cloud services and AI infrastructure, the Thai government said in a statement. The investment includes developing digital skills of the Thai workforce, the statement said. The announcement follows a number of data…
Read MoreGold set for worst month in more than 17 years as US rate-cut hopes fade
Published Tue, Mar 31, 2026 · 11:49 AM GOLD prices rose on Tuesday on hopes of de-escalation in the Middle East conflict, but were poised for their worst month in more than 17 years as higher energy prices dimmed hopes for a US interest rate cut this year. Spot gold was up 1.5 per cent…
Read MoreBlackstone to debut first hedge fund for mini-millionaires
The new fund aims to make relatively liquid bets across an array of asset classes Published Tue, Mar 31, 2026 · 11:17 AM BLACKSTONE is launching its first hedge fund for affluent individuals, as the US$1.3 trillion asset manager intensifies its push to bring alternative investments to doctors, lawyers and other professionals with disposable income…
Read MoreAustralia investigates tech giants over social media ban compliance
Published Tue, Mar 31, 2026 · 09:49 AM [SYDNEY] The Australian internet regulator said it was investigating five of the biggest social media platforms for suspected breaches of its new under-16 ban, its strongest signal yet that companies may face enforcement action under a world-first regime. The announcement marks the government’s first public assessment of…
Read MoreYeo Hiap Seng cuts 25 Singapore staff as it moves canning operations to Malaysia
[SINGAPORE] Homegrown beverage maker Yeo Hiap Seng is laying off 25 staff from its Senoko facility in Singapore amid a consolidation of its canned food manufacturing processes to Malaysia. Staff were informed of the layoffs during a closed-door briefing held on Tuesday morning at the company’s factory at 3 Senoko Way. “This consolidation enables the…
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