Posts by Liam Redmond
Health Sciences Authority to speed up medical device access
Singapore will also apply for full Medical Device Single Audit Program membership [SINGAPORE] The Health Sciences Authority (HSA) on Thursday (Mar 12) announced deeper pacts with Malaysia and Uzbekistan, which are expected to contribute to the growth of Singapore’s biomedical sector. This was done on the sidelines of the International Medical Device Regulators Forum, which…
Read MoreTop bankers win reprieve as Swiss lawmakers reject bonus ban
Published Thu, Mar 12, 2026 · 08:38 PM [ZURICH] Swiss lawmakers rejected plans to ban bonuses for top bankers such as UBS Group chief executive officer Sergio Ermotti, voting overwhelmingly against a landmark crackdown on the nation’s financial industry. Parliament’s upper house on Thursday (Mar 12) toppled the proposed Bill to rein in “bonus-driven incentive…
Read MoreShell board proposes raising CEO Wael Sawan’s pay package to £13.8 million
Shareholder distributions over a three-year remuneration cycle underpin Sawan’s level of pay Published Thu, Mar 12, 2026 · 07:12 PM [LONDON] Shell’s board will ask shareholders to increase the maximum pay package for the CEO at its May 19 annual meeting to align incentives with pay at peers active in similar geographies and industries, Shell’s…
Read MoreWill GIC and Temasek’s investments in blacklisted AI firm Anthropic backfire?
Not necessarily; corporate governance – not unconstrained profit – could be the new alpha generator IT IS tempting for armchair critics to scoff at the latest artificial intelligence (AI) bets made by Singapore’s GIC and Temasek. But investors questioning if this move is a misstep are fundamentally misreading the room. GIC and Temasek recently sank…
Read MoreDeutsche Bank raises bonus pool by 6.6% after mixed performance
The total year-end bonuses go up to 2.7 billion euros for 2025, from 2.5 billion euros the year before Published Thu, Mar 12, 2026 · 06:32 PM [FRANKFURT] Deutsche Bank raised its bonus pool for 2025 by 6.6 per cent, less than some of its Wall Street peers, amid a mixed performance by the different…
Read MoreBridge Data Centres to invest up to S$5 billion in Singapore AI push
The Bain Capital-backed firm is aiming for 2 gigawatts of regional capacity by 2030 [SINGAPORE] Singapore-headquartered hyperscale data centre provider Bridge Data Centres (BDC) on Thursday (Mar 12) announced plans to invest S$3 billion to S$5 billion in an artificial intelligence (AI) push. The Bain Capital-backed firm said that it aims to “advance next-generation digital…
Read MoreAnduril set to acquire Orange County space surveillance company
Southern California defense tech darling Anduril Industries has struck a deal to buy Orange County space surveillance firm ExoAnalytic Solutions. The purchase for an undisclosed sum is meant to boost Anduril’s capabilities in space domain awareness, battle management and fire control. With the deal, Anduril will absorb ExoAnalytic’s network of 400 commercial telescopes around the…
Read MoreBMW expects 2026 earnings to decline as tariffs bite
Published Thu, Mar 12, 2026 · 05:53 PM [BERLIN] BMW expects its group pre-tax earnings to decline moderately this year and its deliveries to stagnate, with trade barriers weighing on its core cars business, the company said on Thursday (Mar 12). Headwinds from higher tariffs will further impact its earnings before interest and tax margin…
Read MoreSingapore blue chips decline amid Brent crude surge
Across the broader market, decliners beat gainers 302 to 262, as 1.5 billion securities worth S$2 billion change hands [SINGAPORE] Brent crude price movements continued to hold equities to ransom on Thursday (Mar 12), with Singapore blue-chip stocks declining after the oil surged above US$100 a barrel. The Straits Times Index (STI) closed 0.2 per…
Read MoreGLP seeks US$20 billion valuation in planned Hong Kong IPO: sources
Published Thu, Mar 12, 2026 · 05:06 PM [HONG KONG/SINGAPORE] Singapore-based logistics company GLP is targeting a valuation of about US$20 billion with a Hong Kong initial public offering that could occur as early as this year, two people with knowledge of the matter said. GLP has been discussing the potential offering with advisers including…
Read MoreHonda flags operating loss of as much as US$3.6 billion this fiscal year
Published Thu, Mar 12, 2026 · 04:24 PM [TOKYO] Honda Motor on Thursday (Mar 12) said it may book an operating loss of as much as US$3.6 billion for the financial year ending this month due to mounting costs related to its electric vehicle strategy. The Japanese automaker slashed its forecast to a loss of…
Read MoreFuel price spikes: Mobility platform responses
[SINGAPORE] Mobility and food delivery platforms are still monitoring the impact of fuel price spikes on its drivers and riders across South-east Asia, and are taking different approaches to help them. Fuel prices have soared across South-east Asia in the wake of the Iran conflict, with countries such as the Philippines implementing measures, including a…
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