Posts by Liam Redmond
Top Thai wind power firm to fund 65 billion baht of spending with IPO
[BANGKOK] Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the next 12 years, and will go public to fund the expansion. Wind Energy Holding is targeting 2,000 megawatts of domestic installed capacity by 2037, from the current 700 megawatts, chief executive officer Nuttpasint…
Read MoreNIE, Amazon Web Services set up AI-focused innovation hub for edtech research
[SINGAPORE] The National Institute of Education (NIE) and Amazon Web Services (AWS) on Thursday (May 29) announced the launch of the Technology for Education Centre (TEC) – a new initiative aimed at driving applied innovation and research in the space of education technology. A three-year memorandum of understanding was signed between the two organisations for…
Read MoreJohn Harbaugh explains ‘complex’ decision behind releasing Justin Tucker amid sexual misconduct allegations
John Harbaugh called the move to release embroiled kicker Justin Tucker a “complex decision-making process,” but echoed the refrain from Ravens general manager Eric DeCosta that it was “a football decision.” Tucker was released by the Ravens earlier this month amid an NFL investigation into allegations of sexual misconduct by 16 massage therapists from eight…
Read MoreAustralia aims to avoid Panama repeat in China port showdown
[CANBERRA] Prime Minister Anthony Albanese is confronting a fresh diplomatic dilemma with China: How to fulfil a pledge to regain control of a strategic port without jeopardising improved relations with his country’s largest trading partner. Ahead of an election earlier this month, Albanese promised to return to Australian control the Port of Darwin from Chinese…
Read MoreSouth Korea central bank cuts rate, slashes 2025 growth forecast
Published Thu, May 29, 2025 · 10:17 AM [SEOUL] South Korea’s central bank cut interest rates on Thursday in a bid to cushion the export-dependent economy from US President Donald Trump’s tariff war, as it almost halved its annual growth forecast. The Bank of Korea lowered its benchmark interest rate “from the current 2.75 per…
Read MoreSembcorp unit wins solar energy project to supply 150 MW of power in India
[SINGAPORE] Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will develop, own and operate the project and supply 150 megawatts (MW) of solar power to SJVN over a 25-year period, subject to the execution of a…
Read MoreSembcorp unit wins solar energy project to supply power in India
[SINGAPORE] Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will supply solar power and support peak electricity demand for four hours a day through a 300 megawatt-hour battery energy storage system (Bess) once the project…
Read MoreAI personal shoppers hunt down bargain buys
[NEW YORK] Internet giants are diving deeper into e-commerce with digital aides that know shoppers’ likes, let them virtually try clothes on, hunt for deals and even place orders. The rise of virtual personal shoppers springs from generative artificial intelligence (AI) being put to work in “agents” specialising in specific tasks and given autonomy to…
Read MoreBobby Okereke is committed to change and primed for a Giants bounce-back
For Bobby Okereke, the offseason was a time to continue healing his back from a disc injury that cost him the final five games of what was a brutal 2024 season, for himself and the team. It was also a time for the brainy inside linebacker to sit back and watch as the Giants brought…
Read MoreGold touches over one-week low after US court blocks Trump’s tariffs
Published Thu, May 29, 2025 · 09:32 AM [BENGALURU] Gold hit a more than one-week low on Thursday (May 29), as the US dollar rallied and risk sentiment improved after a US federal court blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect. Spot gold was down 0.5 per cent at US$3,262.99…
Read MoreSingapore’s STI, Asia markets rise after US court blocks Trump’s reciprocal tariffs
[SINGAPORE] Singapore stocks rose on Thursday (May 29) morning, after a US trade court on Wednesday blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect. As at 9.12 am, the Straits Times Index (STI) opened 0.2 per cent or 7.56 points higher at 3,919.48. Across the broader market, gainers outnumbered losers 106…
Read MoreSeatrium posts S$21.3 billion Q1 net orderbook
Projects relating to renewables and green or cleaner solutions have a contract value of S$7.1 billion [SINGAPORE] Seatrium recorded net orderbook wins amounting to S$21.3 billion as at March, comprising 26 projects with delivery dates till 2031. Of these, nine are scheduled for delivery in 2025, and they have a contract value of S$387 million,…
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