Posts by Liam Redmond
Indonesia central bank makes market intervention after rupiah depreciation
Published Thu, Jun 19, 2025 · 05:17 PM [JAKARTA] Indonesia’s central bank intervened in the foreign exchange market in a measured way on Thursday (Jun 19), an official said, after the rupiah had fallen to a one-month low against the US dollar. The rupiah was down by about 0.6 per cent on the day at…
Read MoreUS will strike North Korea if South attacked with nukes, South’s spy chief nominee says
South Korea’s nominee for spy agency director said on Thursday he believed the United States would strike North Korea with nuclear weapons if Pyongyang launched a nuclear attack against South Korea. North Korean leader Kim Jong Un speaks while he inspects military factories, as he urges a ramp-up in shell production to meet modern warfare…
Read MoreJapan to cut super-long bond sales by 10% to calm markets
[TOKYO] Japan’s government plans to cut sales of super-long bonds by about 10 per cent from its original plan in a rare revision to its bond programme for the current fiscal year, trimming overall bond issuance as a result, a draft document seen by Reuters showed. The move aims to soothe market oversupply concerns, after…
Read MoreGrab-GoTo merger talks face Indonesian regulatory hurdles: sources
[JAKARTA/SINGAPORE] Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant South-east Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting a cloud over a potential deal. Reuters reported in May Nasdaq-listed Grab was looking to strike a deal to buy smaller rival GoTo in the second…
Read MoreKaren Read Makes Bold Statement About Her Police Officer Boyfriend Outside Courtroom after She Was Acquitted of Killing Him
Karen Read celebrated outside the courthouse and made a bold statement in her first public remarks after being found not guilty of murdering her Boston police officer boyfriend on Wednesday. “No one has fought harder for justice for John O’Keefe than I have. Than I have and my team,” she said outside the courthouse in…
Read MoreErick upgraded to an ‘extremely dangerous’ Category 4 hurricane, forecasters say
Southern Mexico’s Pacific coast was braced for a Thursday morning impact with the approach of Hurricane Erick, which was upgraded to an “extremely dangerous” Category 4 early Thursday, the US National Hurricane Center said. The major storm threatens to unleash destructive winds near where the eye crashes ashore, flash floods and a dangerous storm surge,…
Read MorePrudential, AIA still offering pre-authorisation at Mount Elizabeth hospitals despite Great Eastern’s shock move
[SINGAPORE] Insurers in Singapore are not following Great Eastern’s footsteps to suspend pre-authorisation certificates for admission into Mount Elizabeth Hospital and Mount Elizabeth Novena Hospital. Prudential and AIA told The Business Times that they are still issuing pre-authorisation certificates for any healthcare institutions. In a surprise move on Tuesday (Jun 17), Great Eastern announced the…
Read MoreGoogle Mocks Apple’s iOS 26 With Humorous Podcast Video, Samsung Joins Roast
Apple announced iOS 26, the newest version of its operating system, on June 9th as one of a slew of new announcements at the Worldwide Developers Conference (WWDC). Apple also unveiled a new visual revamp, which they referred to as the “Liquid Glass” design. The new look is also a part of changes to core apps…
Read More“ChatGPT May Be Making Us Think Less, Learn Less”: Study from MIT Warns
It has been only a few months since the generative artificial intelligence chatbot ChatGPT has become popular to the extent of being inseparable from our daily lives, but several people, including the initial faces behind developing AI have already warned against the excess use of it for various reasons. Now a study by the Massachusetts…
Read MoreU.S. Senate Passes Stablecoin Regulation Bill; Major Banks and Companies Explore Launches
The U.S. Senate has passed a bill establishing a regulatory framework for stablecoins, transforming what was once a niche area of crypto into a fast-growing sector gaining interest from global corporations. Stablecoins are cryptocurrencies designed to hold a stable value—usually pegged 1:1 with the U.S. dollar—and are often used by crypto traders to move funds…
Read MoreSingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
[SINGAPORE] National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and leaseback under its plan to divest non-core assets. These properties, distributed across the HDB heartlands, are expected to fetch S$50 million in total, The Business Times understands. The Teban Gardens Road shophouse has the…
Read MoreBen Rice ‘pretty comfortable’ in first start as catcher for Yankees
Ben Rice passed his first test as a starting catcher in the majors. He came up through the minor league system primarily as a catcher before serving as a first baseman and a DH the past two seasons with the Yankees. Wednesday he made his first start behind the plate of his MLB career in…
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