Posts by Liam Redmond
CapitaLand Ascendas Reit posts 0.1% rise in H1 DPU to S$0.07482
Its distributable income is up 8.6% at S$359.4 million on acquisitions and existing properties’ performance [SINGAPORE] The manager of CapitaLand Ascendas Real Estate Investment Trust (Clar) on Wednesday (Aug 5) posted a distribution per unit (DPU) of S$0.07482 for the first half ended June, up 0.1 per cent from S$0.07477 in the previous corresponding period.…
Read MoreUber and Wayve win licences for supervised robotaxis in London
Published Wed, Aug 5, 2026 · 05:41 PM [LONDON] Uber Technologies and UK startup Wayve Technologies are preparing to launch their robotaxi service in London with a safety driver, getting out ahead of Waymo and Baidu’s planned rollouts. Wayve’s autonomous cars received private hire vehicle licences in London, the companies said on Wednesday (Aug 5).…
Read MoreSingapore listcos reach corporate governance ‘plateau’ amid declining performance; Keppel claims top spot in key index
Next phase will need directors to take on a more active role in driving long-term value creation, says SGXRegCo CEO [SINGAPORE] Singapore’s corporate governance progress appears to have plateaued, with listed companies recording lower scores in an annual industry scorecard. Significant room for improvement remains in the corporate governance disclosures of Singapore Exchange (SGX)-listed companies,…
Read More‘Never about making money in the first place’: Razer steps up AI push with NUS gaming lab
Its innovation so far has been about engagement, but it could become a revenue source, the company says [SINGAPORE] Gaming company Razer and the National University of Singapore (NUS) on Wednesday (Aug 5) launched a joint research lab aimed at advancing artificial intelligence within the gaming industry. The lab will tap NUS’ AI research capabilities…
Read MoreVietnam’s Techcombank seeks US$1 billion, joining rush for funds
The borrowing is split into US$600 million three-year and US$400 million four-year portions, sources say Published Wed, Aug 5, 2026 · 04:57 PM [HANOI] Vietnam Technological and Commercial JSB, known as Techcombank, is seeking a US$1 billion loan for regular business operations, according to people familiar with the matter, in what would be one of…
Read MoreCat A COE premium eases 1.7% to S$123,890; Cat B price stays flat
The price of an Open category (Category E) COE climbed 0.8 per cent from S$129,971 to S$131,000 SINGAPORE – The price of a Category A Certificate of Entitlement (COE) slipped to S$123,890, while the Category B COE premium stayed flat at the Aug 5 tender exercise. The premium for a Category A COE – meant for smaller, less powerful cars and electric vehicles – fell 1.7 per…
Read MoreFrom billionaires to towkay heirs: UBS widens Singapore wealth push
The Swiss banking giant is sharpening its focus on clients with at least US$2 million in investable wealth [SINGAPORE] UBS, long associated with managing the fortunes of billionaires, is casting its net wider in Singapore. The Swiss bank is sharpening its focus on clients with at least US$2 million in investable wealth, as the region…
Read MoreUOB to sell asset management arm to Allianz Global Investors for S$555 million
The sale, which includes excess cash, is expected to generate a pre-tax gain of about S$330 million for UOB [SINGAPORE] UOB is selling its asset management arm to Allianz Global Investors (AllianzGI) for S$555 million, an exit that hands the Singapore lender a significant capital gain while cementing a pivot towards open-architecture wealth distribution. The…
Read MoreCan Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views
UOBKH downgraded Seatrium to “hold” from “buy” and lowered its target price to S$2.30 [SINGAPORE] Seatrium reported a strong turnaround for its first half ended June 30, 2026, on the back of higher-margin projects, productivity improvements that lowered costs, and asset divestment gains. But analysts are divided on whether the group can sustain the sterling…
Read MoreGIC seeks to sell US$1 billion private equity fund stakes: Bloomberg
Potential divestments are said to include funds from global private equity managers EQT, TPG Asia and KKR Published Wed, Aug 5, 2026 · 11:34 AM [HONG KONG] Singapore’s GIC is looking to offload some of its private equity stakes as the sovereign wealth fund taps the booming secondaries market to manage its investments, according to…
Read MoreKeppel Reit’s road to redemption
[SINGAPORE] Singapore-listed real estate investment trusts (S-Reits) have struggled in 2026, no thanks to the Iran war triggering concerns about higher global inflation and interest rates. For investors who funded Keppel Reit’s recent acquisitions, the adverse turn in sentiment may have been especially galling. In October last year, Keppel Reit said it would acquire a…
Read MoreFed’s Schmid says tighter policy needed to reduce inflation
Published Wed, Aug 5, 2026 · 10:36 AM FEDERAL Reserve Bank of Kansas City President Jeff Schmid suggested higher interest rates are needed to achieve the Fed’s price stability goals, and reiterated that inflation is his primary concern. “Given the strength of demand and investment, I do not see the current stance of monetary policy as…
Read More