Posts by Liam Redmond
CapitaLand Malaysia Trust Q2 DPU up 9.3% to 1.29 sen on positive rental reversions
[SINGAPORE] CapitaLand Malaysia Trust (CLMT) posted a distribution per unit (DPU) of 1.29 Malaysian sen for the second quarter ended Jun 30, 2026, up 9.3 per cent from the corresponding year-ago period. This came from positive rental reversions and income contribution from industrial and logistics assets acquired in 2025, its manager said in a bourse…
Read MoreWhy copper is becoming Asia’s next AI bottleneck
Analysts say its higher prices are unlikely to derail data centre growth, but tighter supplies could stymie new capacity [SINGAPORE] The volatility of the price of copper is hitting Asia-Pacific data centre developers harder than their global peers, with the region’s relatively inefficient power grids requiring larger amounts of copper for infrastructure. Soaring copper prices…
Read MoreSingapore stocks rise on Monday; STI up 0.6%
Published Mon, Jul 27, 2026 · 06:33 PM [SINGAPORE] Singapore stocks ended higher on Monday (Jul 27). The benchmark Straits Times Index (STI) gained 0.6 per cent or 31.90 points to finish at 5,620.24. Seatrium led the gainers on Singapore’s blue-chip index, rising 8.9 per cent or S$0.19 to S$2.32. The company on Friday said…
Read MoreKPay secures MAS in-principle approval for major payment institution licence
This allows firm to provide merchant acquisition services, and domestic and cross-border money transfers [SINGAPORE] Fintech firm KPay on Monday (Jul 27) said that its local subsidiary, KPay Merchant Service (Singapore), has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) licence. The approval, granted under the Payment…
Read MoreMalaysia’s resource anxiety tests Asia’s fastest data centre build-out
New projects in Johor must show how they will source electricity, with renewable energy increasingly a prerequisite for approval Published Mon, Jul 27, 2026 · 04:29 PM [HONG KONG/JOHOR] After leapfrogging Singapore to become the region’s fastest-growing data centre hub, Malaysia is facing intensifying scrutiny as the resources debate that has complicated the industry’s growth…
Read MoreAstraZeneca maintains outlook as cancer, rare disease drugs drive profit beat
Published Mon, Jul 27, 2026 · 03:51 PM [CAMBRIDGE] AstraZeneca backed its annual and long-term forecasts on Monday (Jul 27) after topping second-quarter profit expectations on demand for its cancer and rare disease therapies, as the drugmaker sought to quell concerns after recent trial setbacks. Although strong demand continues to drive growth against a background…
Read MoreHow did China’s DRAM champion CXMT become its most valuable listed company?
Its US$487 billion market value after its debut put it at around half the valuation of Micron and SK Hynix Published Mon, Jul 27, 2026 · 01:47 PM [BEIJING] China’s CXMT became the country’s most valuable listed company after its shares surged 470 per cent in their Shanghai debut on Monday (Jul 27), highlighting fervent…
Read MoreChina’s Moonshot to release breakthrough Kimi K3 AI model for download
Published Mon, Jul 27, 2026 · 01:30 PM MOONSHOT AI is poised to make its Kimi K3 model available for public download, expanding its reach and influence in the global open software community at a time of growing US concern about Chinese encroachment into the top echelons of artificial intelligence development. The Beijing-based company is…
Read MoreAustralia, New Zealand dollars climb as oil slide eases rate concerns
Published Mon, Jul 27, 2026 · 11:57 AM [SYDNEY] The Australian and New Zealand dollars strengthened on Monday (Jul 27) as hopes for a diplomatic solution to the Middle East conflict sent oil prices lower, easing inflation concerns and boosting global bond markets. The Aussie rose 0.2 per cent to US$0.7001, after gaining 0.3 per…
Read MoreChinese biotech overtakes AI as emerging-market growth trade
China drugmakers are expanding globally through licencing deals with multinational giants Published Mon, Jul 27, 2026 · 11:08 AM AS THE artificial intelligence rally sputters in emerging markets, investors searching for high-growth alternatives are turning to Chinese biotech. Bloomberg’s EM technology index has tumbled into a bear market over the past month as SK Hynix…
Read MoreMariBank taps Sea’s ecosystem to build regional banking group from Singapore
This edge has become more important as the digital bank differentiates itself from traditional lenders [SINGAPORE] MariBank is increasingly tapping its parent Sea’s ecosystem as it charts a path to profitability in Singapore – using data from e-commerce platform Shopee to grow its lending business while laying the foundations for a regional banking group based…
Read MoreAsian stocks rise as Iran tensions ease; Japan, South Korea lead gains
Published Mon, Jul 27, 2026 · 09:36 AM ASIAN stocks gained and oil dropped on Monday (Jul 27) as the US and Iran refrained from retaliatory strikes, easing concerns over potential disruptions to Middle East energy supplies after a recent escalation in the conflict. Brent crude fell as much as 7.4 per cent to below…
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