Posts by Liam Redmond
Singapore stocks fall as Fed holds firm; STI down 0.7%
Across the broader market, losers beat gainers 427 to 181, after 1.9 billion securities worth S$2.5 billion change hands [SINGAPORE] Singapore stocks ended lower on Thursday (Mar 19), as the US Federal Reserve held interest rates steady overnight. The benchmark Straits Times Index (STI) lost 0.7 per cent or 34.56 points to finish at 4,967.61.…
Read MoreUOB CEO Wee Ee Cheong’s FY2025 pay down 20% to S$12 million
It is primarily composed of S$1.4 million in base salary and S$10.6 million in bonuses [SINGAPORE] UOB’s deputy chairman and chief executive officer Wee Ee Cheong received S$12 million in total compensation for the 12 months ended Dec 31, 2025, down 20 per cent from S$15 million a year earlier. Wee’s latest remuneration package comprised…
Read MoreUOB CEO Wee Ee Cheong’s FY2025 pay down 20% at S$12 million, in line with profit drop
It is primarily made up of S$1.4 million in base salary and S$10.6 million in bonuses [SINGAPORE] UOB deputy chairman and chief executive officer Wee Ee Cheong received S$12 million in total compensation for the 12 months ended Dec 31, 2025, down 20 per cent from S$15 million the year before. Wee’s latest remuneration package…
Read MoreSingapore-based Crypto.com lays off 12% of staff, third cut in four years
Published Thu, Mar 19, 2026 · 04:59 PM — Updated Thu, Mar 19, 2026 · 07:39 PM [SINGAPORE] Singapore-headquartered cryptocurrency exchange Crypto.com has laid off around 12 per cent of its global workforce, or 180 employees, as part of a strategic restructuring exercise, The Straits Times has learnt. In an e-mail to affected employees, the…
Read MoreUOB banks on stable renminbi as it plans 5 billion yuan Panda bond
Published Thu, Mar 19, 2026 · 04:47 PM [SINGAPORE] UOB said on Thursday (Mar 19) it plans to issue five billion yuan (S$933.6 million) of 2026 renminbi bonds (Series 1) in China’s interbank bond market, marking its latest fundraising in the onshore renminbi space. The bank said all net proceeds would be remitted offshore and…
Read MoreTwo-thirds of Singapore insurance asset managers plan to outsource fund management: survey
Respondents from the city-state also say they aim to increase their allocations to private markets [SINGAPORE] Insurance asset managers in Singapore are increasingly planning to outsource fund management to external experts, with nearly two-thirds expecting to shift the management of more assets outside their firms, a study by Clearwater Analytics showed. The move comes amid…
Read MoreNTT Global Data Centers plans to double capacity in AI boom
It sees increasing demand from companies moving more of their software and operations to the cloud Published Thu, Mar 19, 2026 · 03:58 PM [LONDON] NTT Global Data Centers (NTT GDC), the world’s third-largest data centre provider outside of China, is working to double its capacity to 4 gigawatts (GW) to meet rising global demand…
Read MoreAsia stocks slide as oil fears overshadow Fed’s hold
Analysts delay their rate-cut forecasts on concerns over sticky inflation amid higher energy prices [SINGAPORE] Markets in Asia were broadly in the red on Thursday (Mar 19) following the US Federal Reserve’s overnight decision to hold interest rates steady as concerns over the rising oil price took centre stage. In a move that had been…
Read MoreOil surge rattles Asia markets again, clouding Fed rate-cut outlook
Analysts delay their rate-cut forecasts, concerned over sticky inflation amid higher energy prices [SINGAPORE] Brent crude’s surge past US$110 a barrel sent Asian markets lower on Thursday (Mar 19), and is set to further jolt sentiment, as escalating strikes between Iran and Israel threaten critical energy infrastructure. This followed the US Federal Reserve’s overnight decision…
Read MoreJPMorgan’s first Taiwan ETF in over decade faces crowded market
The US asset manager’s fund will be its first one focused on Taiwanese assets since 2010 Published Thu, Mar 19, 2026 · 02:12 PM JPMORGAN Asset Management is issuing its first Taiwan-focused wealth management product in more than a decade, joining global rivals rushing into one of Asia’s hottest exchange-traded funds (ETFs) markets. The US…
Read MoreAsia’s Russian fuel imports poised to hit all-time high due to Middle East disruption
Published Thu, Mar 19, 2026 · 01:34 PM [SINGAPORE] Asia is expected to import a record volume of fuel oil from Russia in March after the US eased sanctions, shipping data showed as at Thursday (Mar 19), ahead of expected tighter supplies from next month caused by the US-Israeli war on Iran. The influx will…
Read MoreDBS says digital services restored after access was disrupted
[SINGAPORE] Access to DBS digital services was affected on Thursday (Mar 19), said the bank, with some users reporting that DBS and POSB banking apps, websites and the PayLah! app were at least partially affected. The first Downdetector report was submitted at 11.49 am, with more than 2,000 reports registered within the next 30 minutes.…
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