Posts by Liam Redmond
‘Set up the robot and go for coffee’: ISOTeam bets on automation in its next stage of growth
[SINGAPORE] Anthony Koh may already be 59 years old, but the chief executive officer of ISOTeam is still enrolling himself in artificial intelligence (AI) courses. The head of the facilities management company is banking on automating his workforce through the use of drones, robots and AI to help take his company to the next level…
Read MoreDBS, OCBC, UOB may cut guidance in Q1 as macro uncertainty weighs on outlook: analysts
[SINGAPORE] Singapore banks may cut their earnings guidance for 2025, as uncertainty in the macroeconomic outlook weighs on their growth prospects for the year, analysts said. While the local lenders will likely continue to post resilient results for the first quarter of 2025, analysts noted a lack of clarity ahead. Several downgraded the sector ahead…
Read MoreStiffing landlords is killing NYC’s housing market
The Rent Guidelines Board last week took yet another step toward crushing the city’s housing market by capping rent hikes below landlord costs. Its members, most tapped by Mayor Eric Adams, gave preliminary approval to rent increases of 1.75% to 4.75% for one-year leases and 4.75% to 7.75% to two-year renewals. Next month the board…
Read MoreCEOs celebrate Warren Buffett as he calls a close on 5,500,000% run
[NEW YORK] Apple’s Tim Cook called him inspiring. Bank of America’s Brian Moynihan praised his lessons on life and business. JPMorgan’s Jamie Dimon said he’s “everything that is good about American capitalism”. As Warren Buffett called an end to his historic run atop Berkshire Hathaway, luminaries from the technology and banking worlds rushed to praise…
Read MoreLessons from Trump’s tariff tumult
US PRESIDENT Donald Trump’s tariff tempest has turned markets upside down, rocking investors globally. This spurred the Monetary Authority of Singapore to cut its 2025 growth outlook, as tariff-driven “demand shocks” slam the trade-orientated economy. What might Trump do next? No one knows – maybe not even Trump himself. But April’s absurdity offers clear investing…
Read MoreSaudis warn of more supply unless Opec+ cheats fall in line
Coinciding with US President Donald Trump’s trade war, the supply hikes are taking a brutal toll on oil prices, which have sunk to a four-year low near US$60 a barrel in London Published Mon, May 5, 2025 · 06:11 AM [CAIRO] The Organization of the Petroleum Exporting Countries and its allies (Opec+) leader Saudi Arabia…
Read MoreExclusive | Rosy ads brag NYC is doing great since Eric Adams became mayor — but critics aren’t buying it
A series of ads designed by Mayor Eric Adams’ team boasts about how great things have been since he took office — but critics aren’t buying the rosy picture the campaign is selling. The adverts come as Adams seeks re-election, with super optimistic messages at LinkNYC wifi kiosks across the five boroughs that the mayor’s…
Read MoreSinarmas Land offer price may be hiked
SINCE this column broached the topic of the lowball offer for Sinarmas Land five weeks ago, there have been two important developments. After the market closed on Apr 23, it was announced that the offeror had received valid acceptances amounting to nearly 936.3 million shares, representing 22 per cent of Sinarmas Land’s total number of…
Read MoreChevron CEO warns against company’s possible departure from Venezuela amid negotiations with Trump admin
Chevron CEO Mike Wirth issued a stark warning about the firm’s possible departure from Venezuela as a Biden-era license allowing the company to operate in the country is set to expire. Chevron, which is only allowed to export Venezuelan oil to the United States, has been under pressure from the Trump administration to halt drilling in the…
Read MoreSchumer, Gillibrand slam Trump and RFK Jr. over cut 9/11 program: ‘Political chaos is jeopardizing healthcare of heroes’
New York Dem Sens. Chuck Schumer and Kirsten Gillibrand on Sunday blasted what they called a “cruel” effort by President Trump and Robert F. Kennedy Jr. to dismantle the World Trade Center Health Program. The pols said at a press conference that 16 more doctors and staff tied to the program were abruptly fired Friday…
Read MoreNortheast facing flood threats this week due to unusual weather pattern
A rather unusual weather pattern for early May is setting up across the US, and forecasters warn that it will lead to a stagnant pattern with prolonged periods of warmth in some areas and steady rain in others. The pattern, known as the “Omega block,” is named after the Greek letter Ω and disrupts the usual…
Read MoreNational Women’s Soccer League moving headquarters to 551 Fifth Ave.
Midtown north of 42nd Street, home to both the NFL and MLB headquarters, will soon have another sports front office: the National Women’s Soccer League, which signed a lease at the Feil Organization’s landmarked 551 Fifth Ave., known as the Fred D. French Building. The NWSL is relocating and expanding from 292 Madison Ave. Its new…
Read More