Posts by Liam Redmond
Changi Airport clocks 17.2 million passenger movements in Q2, down 1.5% on year
But passenger traffic for the first half of 2026 is 0.4% up despite an uncertain operating environment [SINGAPORE] Changi Airport recorded 17.2 million passenger movements in its second quarter from April to June 2026 – a 1.5 per cent decline from the period a year before. However, Changi Airport Group noted in a statement on…
Read MoreSingapore stocks end higher on Friday, bucking regional declines; STI up 0.1%
Published Fri, Jul 24, 2026 · 07:00 PM [SINGAPORE] Singapore stocks ended higher on Friday (Jul 24), with the benchmark Straits Times Index (STI) gaining 0.1 per cent or 6.58 points to finish at 5,588.34. Seatrium led the gainers on Singapore’s blue-chip index, rising 1.4 per cent or S$0.03 to S$2.13. The worst performer among…
Read MoreOne Raffles Quay floated as possible divestment for Suntec Reit
Manager says current asset recycling efforts remain focused on Australia assets and Suntec office strata units [SINGAPORE] One Raffles Quay could be a candidate for divestment, the manager of Suntec Real Estate Investment Trust (Reit), which owns one-third of the building, said at an earnings briefing on Friday (Jul 24). The comment was in response…
Read MoreSeatrium expects ‘material’ improvement in H1 profit
This is on the back of divestment gains and progressive margin improvements, says the company [SINGAPORE] Offshore and marine group Seatrium on Friday (Jul 24) said that it expects to record “a material year-on year improvement” in net profit for its first half of the year, due to divestment gains and progressive margin improvements. The…
Read MoreCOE quota: Cat A falls 4.2%, Cat B rises 5.8% for August to October
[SINGAPORE] The supply of Certificates of Entitlement (COEs) for the August to October 2026 period will rise 0.2 per cent to 19,085 from 19,052 in the previous quarter, the Land Transport Authority (LTA) said on Friday (Jul 24). Bidding under this new quota will start on Aug 3. Category A COE applies to mainstream cars…
Read MoreSingapore, Hong Kong workers less optimistic than regional peers about AI impact on jobs: report
Job displacement due to automation and potential skill obsolescence are among professionals’ top concerns [SINGAPORE] Professionals in Singapore and Hong Kong are less optimistic than their regional peers about the impact of artificial intelligence on their jobs, a survey by recruitment agency Robert Walters has found. While 89 per cent of professionals in Singapore and…
Read MoreSingapore, HK workers less optimistic than regional peers about AI impact on jobs: report
Job displacement due to automation and potential skill obsolescence are among professionals’ top concerns [SINGAPORE] Professionals in Singapore and Hong Kong are less optimistic than their regional peers about the impact of artificial intelligence on their jobs, a survey by recruitment agency Robert Walters has found. While 89 per cent of professionals in Singapore and…
Read MoreJPMorgan moves over 30 China quant researchers to Singapore, HK
The US bank has moved about 25 to 30 staff from Beijing and Shanghai to Singapore, sources say Published Fri, Jul 24, 2026 · 02:36 PM [SINGAPORE] JPMorgan Chase moved more than 30 quant staff from mainland China to Singapore and Hong Kong in recent months to consolidate the team in regional hubs and be…
Read MoreUOB targets fivefold growth in Hong Kong private bank AUM by 2030
It also plans to treble its client adviser ranks to about 60, as the Singapore lender seeks to capture rising wealth flows between China and Asean [SINGAPORE] UOB is targeting a fivefold increase in the assets under management (AUM) and revenue of its Hong Kong private banking business by 2030, while trebling its client adviser…
Read MoreUOB targets five times growth in Hong Kong private bank AUM by 2030
It also plans to treble its client adviser ranks to about 60, as the Singapore lender seeks to capture rising wealth flows between China and Asean [SINGAPORE] UOB is targeting a five times increase in the assets under management (AUM) and revenue of its Hong Kong private banking business by 2030, while trebling its client…
Read MoreIndian central bank likely steps in to avert rupee record low as oil surges, traders say
Published Fri, Jul 24, 2026 · 12:29 PM [MUMBAI] The Reserve Bank of India likely intervened in the foreign exchange market on Friday (Jul 24), three traders told Reuters, as the rupee neared its all-time low, with Brent crude oil prices rising past US$100 per barrel amid the intensifying conflict in the Middle East. The…
Read MoreCar dealer charged in S$1.1 million tax evasion case involving Porsches, Ferraris, Rolls-Royces
Wu Chong is alleged to have evaded taxes on 123 cars, while another car dealer, Goh Chee Sing, faces charges for funding him [SINGAPORE] A car dealer faces 26 criminal charges of evading around S$1.1 million of excise duty and goods and services tax on 123 cars, which include models from Porsche, Ferrari, Rolls-Royce and…
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