Posts by Liam Redmond
Aims Apac Reit to divest S$15 million industrial property for capital recycling
The net proceeds may be redeployed towards acquisitions, asset enhancements and development opportunities [SINGAPORE] Aims Apac Real Estate Investment Trust ( AA Reit ) is looking to divest an industrial property in Singapore for S$15 million as part of its capital recycling strategy. The manager on Wednesday (Mar 4) said that the Reit’s trustee, HSBC…
Read MoreBillionaire Tesla whale says he bought one million Nvidia shares
Published Wed, Mar 4, 2026 · 08:57 PM [SINGAPORE] Billionaire Leo Koguan, who emerged a few years ago as one of the biggest individual shareholders of Tesla, said he bought one million shares of Nvidia on Tuesday (Mar 3). “I am convinced artificial intelligence (AI) is not a bubble, it is only the beginning,” he…
Read MoreThai 2026 GDP growth could dip by 0.2% from Middle East conflict: central bank chief
He notes that the country’s external position is strong and any volatility can be handled Published Wed, Mar 4, 2026 · 08:46 PM [BANGKOK] Thailand’s central bank chief Vitai Ratanakorn said on Wednesday (Mar 4) that the country’s economic growth could drop by between 0.1 and 0.2 percentage point in 2026 due to the conflict…
Read MoreOil shock fear hits Asian tech stocks while European sell-off pauses
Asia’s sell-off is turning disorderly because markets are no longer treating this as a ‘one-week headline shock Published Wed, Mar 4, 2026 · 08:26 PM [LONDON/SINGAPORE] Selling in hard-hit European shares paused on Wednesday (Mar 4) as the focus shifted to Asia – including a record-breaking crash in Seoul, where investors dumped chipmakers on fears…
Read MoreMore than 800 Maybank Singapore junior staff to receive one-off payouts
[SINGAPORE] More than 800 eligible junior employees at Maybank Singapore will receive a one-off ex gratia payment, in recognition of their contributions and to help cushion cost-of-living pressures. The payment includes S$1,250 for 200 unionised executives, along with additional quarter-month bonuses for more than 600 junior employees, a Maybank Singapore spokesperson told The Business Times…
Read MoreStartup Varda Space Industries snags former Mattel plant in El Segundo
In an expansion of its business of processing pharmaceuticals in Earth’s orbit, Varda Space Industries is renting a large El Segundo plant where toy manufacturer Mattel used to design Hot Wheels and Barbie dolls. The plant in El Segundo’s aerospace corridor will be an extension of Varda Space Industries’ headquarters in a much smaller building…
Read MoreOCBC chief Tan Teck Long’s new strategy is a masterstroke, but execution risks abound
While his ‘Next Frontier’ plan looks good on paper, it must survive contact with operational reality [SINGAPORE] With the tailwinds of peak interest rates decisively fading, the maiden full-year results briefing last week for OCBC’s new group chief executive officer Tan Teck Long was less about the rearview mirror and more about setting the cadence…
Read MoreAlibaba’s Qwen AI division head becomes latest exec to leave this year
Published Wed, Mar 4, 2026 · 06:00 PM [BEIJING] The head of Alibaba Group’s Qwen artificial intelligence model division, Lin Junyang, said on Wednesday (Mar 4) he would be stepping down from his role, becoming the third senior Qwen executive to depart this year. “Bye my beloved Qwen,” Lin wrote in a post on X,…
Read MoreLuckin Coffee backer Centurium in advanced talks for Nestle’s Blue Bottle: sources
Published Wed, Mar 4, 2026 · 04:27 PM [HONG KONG] Centurium Capital Partners is in advanced talks to acquire Nestle SA’s Blue Bottle Coffee, according to people familiar with the situation. The buyout firm, which helped turn around Chinese market leader Luckin Coffee, is putting the final touches on a deal for the coffee roaster…
Read More‘Mr Lufthansa’ taps crisis playbook to tackle costs, union battles
Carsten Spohr is focused on efficiencies, centralising management of the group’s 12 airlines and betting on more long-haul flights in the year ahead Published Wed, Mar 4, 2026 · 03:41 PM [FRANKFURT] At Lufthansa’s base overlooking Frankfurt’s bustling international airport, chief executive Carsten Spohr has his eye firmly on his sprawling airline empire as giant…
Read More‘Mr Lufthansa’ taps crisis playbook to tackle costs, union battles
Carsten Spohr is focused on efficiencies, centralising management of the group’s 12 airlines and betting on more long-haul flights in the year ahead Published Wed, Mar 4, 2026 · 03:41 PM [FRANKFURT] At Lufthansa’s base overlooking Frankfurt’s bustling international airport, chief executive Carsten Spohr has his eye firmly on his sprawling airline empire as giant…
Read MoreIndia rupee hits record low as oil rise sparks regional meltdown
Published Wed, Mar 4, 2026 · 01:41 PM [MUMBAI] India’s rupee fell to a record low, while stocks and bonds declined amid concerns that rising crude prices, driven by the escalating conflict in the Middle East, fanned worries over inflation and the country’s widening trade deficit. The currency fell as much as 0.8 per cent…
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