Posts by Liam Redmond
Singapore 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…
Read MoreOpenAI tops US$25 billion in annualised revenue, The Information reports
It is laying the groundwork for an IPO that could value it at up to US$1 trillion Published Thu, Mar 5, 2026 · 12:27 PM ARTIFICIAL intelligence startup OpenAI topped US$25 billion in annualised revenue as of the end of last month, The Information reported on Wednesday, citing a person familiar with the figure. This…
Read MoreChina to inject 300 billion yuan into state banks, deepen reform of state financial firms
Chinese lenders have faced rising bad loans tied to struggling real estate developers and cash-strapped local governments Published Thu, Mar 5, 2026 · 12:27 PM [BEIJING/HONG KONG] China said on Thursday (Mar 5) that it would inject 300 billion yuan (S$56 billion) into state-owned banks this year through a special treasury bond and deepen reforms…
Read MoreBillionaire sitting on 16,000 kg of gold says price will rise
The precious metal has surged more than 75% in a year to trade above US$5,000 an ounce Published Thu, Mar 5, 2026 · 12:03 PM [DUBAI] Joy Alukkas, an Indian tycoon who built one of the world’s biggest family-owned jewellers, sees gold prices tracking higher over the coming years in response to a world hit…
Read MoreUOBKH’s ‘Alpha Picks’ outperform STI in February; Keppel, Singtel added for March
Lendlease Global Reit, DFI Retail, ChinaSunsine and Reclaims Global are removed from the portfolio [SINGAPORE] With volatility heightened by geopolitical tensions, UOB Kay Hian (UOBKH) has repositioned its “Alpha Picks” portfolio for March to favour defensive large-caps and yield-accretive plays, the brokerage said on Tuesday (Mar 3). Despite the volatile backdrop, the brokerage’s portfolio outperformed…
Read MoreSouth Korea’s Kospi leaps 12%, rebounds from worst-ever crash
Published Thu, Mar 5, 2026 · 10:46 AM [SEOUL] South Korea’s benchmark Kospi index surged as much as 12 per cent on Thursday, swiftly erasing almost all of its worst-ever daily drop a day earlier, buoyed by hopes for progress in US-Iran diplomacy. The rebound followed a New York Times report on Wednesday suggesting Iran’s…
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