Posts by Liam Redmond
South-east Asia seeks data centre investments – but must reckon with their thirst
With rapid data centre growth straining the region’s water supply, the race is on for alternative water sources and cooling technologies. [SINGAPORE] Soaring AI demand has brought hefty data centre investments to Johor – yet the Malaysian state’s local government recently narrowed this project pipeline. In November, it halted approvals for Tier 1 and 2…
Read MoreSingapore, Vietnam remain on US Treasury’s currency watch list; Thailand added
Report classifies city-state as an outlier as it is the only nation on the list running a bilateral trade deficit with America [SINGAPORE] The Republic remained among 10 economies on the US Treasury’s currency monitoring list, with Thailand being the newest addition. Other economies retained on the watch list are China, Japan, South Korea, Taiwan,…
Read MoreMalaysian Central Bank rejects using ringgit to help exports
Published Fri, Jan 30, 2026 · 01:53 PM [KUALA LUMPUR] Malaysia’s central bank said strong growth and ongoing reforms would provide support for the ringgit, ruling out using the currency to support exports, which it said are determined by global demand. “The ringgit has never been an instrument for export competitiveness” Bank Negara Malaysia said…
Read MoreStocks tumble on bets Kevin Warsh is Trump’s Fed pick
Published Fri, Jan 30, 2026 · 01:19 PM [SINGAPORE] Stocks slumped while the dollar and bond yields shot up on Friday after US President Donald Trump said he has firmed his choice for new Federal Reserve boss, with reports zeroing in on Kevin Warsh as the likely pick. While Warsh, a former Fed Governor, is…
Read MoreGold retreats as reports on Trump’s Fed nominee boost dollar
Published Fri, Jan 30, 2026 · 12:17 PM GOLD fell, following its first drop in nearly two weeks, as the US dollar strengthened after a report the Trump administration is preparing to nominate Kevin Warsh for Federal Reserve chair. Bullion retreated as much as 4.8 per cent on Friday, having gained as much as 1.4 per…
Read MoreFrom fashion to aviation: Doris Tan leads Shell’s green jet fuel take-off
Tan believes that green jet fuel is the best bet to decarbonise flying, as Asia gears up for a travel boom The strategies and stories that shape today’s leaders. [SINGAPORE] A 28-year veteran of oil major Shell, Doris Tan faces one of her greatest challenges yet: getting airplanes to fly on green fuel. “To me,…
Read More‘Significant improvement’: CNMC Goldmine expects profit lift for 2025 on higher gold, silver prices
[SINGAPORE] CNMC Goldmine expects a “significant overall improvement” to its net profit for the financial year ended Dec 31, 2025, compared with the previous corresponding period. The forecast is based on a preliminary review of the group’s unaudited financial results for FY2025, “which shows a significant improvement compared to FY2024”, the company said in a…
Read MoreTrump administration prepares for Warsh Fed chair nomination
Published Fri, Jan 30, 2026 · 11:37 AM The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter. President Donald Trump said Thursday he plans to announce his pick to lead the US central bank on Friday morning. The…
Read MoreTrump says he’ll announce Fed chair pick on Friday morning
He reiterated that the next leader of the central bank would lower interest rates Published Fri, Jan 30, 2026 · 10:44 AM US PRESIDENT Donald Trump said he would be announcing his pick for a nominee to chair the Federal Reserve on Friday morning, signaling an end to a months-long process that has spurred speculation…
Read MoreStocks to watch: MPACT, Keppel DC Reit, NetLink NBN, CapitaLand Ascott, GuocoLand, Starhill Global, CDLHT, SGX
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jan 30): Mapletree Pan Asia Commercial Trust (MPACT): The trust posted a distribution per unit (DPU) of S$0.0205 for the third quarter ended Dec 31, 2025, up from the DPU of S$0.02 posted for the same period a year…
Read MoreMapletree Pan Asia Commercial Trust Q3 DPU rises 2.5% to S$0.0205
[SINGAPORE] Mapletree Pan Asia Commercial Trust (MPACT) on Friday (Jan 30) posted a distribution per unit (DPU) of S$0.0205 for the third quarter ended Dec 31. It will be paid on Mar 18. This was 2.5 per cent higher from the year-ago period when its DPU stood at S$0.02. In a bourse filing, the manager reported…
Read MoreCalifornia wealth tax would cause rich to flee, governor Newsom warns
At least six billionaires have already left the state ahead of the Jan 1 residency cut-off Published Fri, Jan 30, 2026 · 08:01 AM [SAN FRANCISCO] California governor Gavin Newsom warned that a proposed one-time tax on billionaires will backfire by prompting the ultra-rich to leave the state. “The impact of a one-time tax does…
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