Posts by Stephanie Irvin
Insurance Claims: The New AI Reality
The world of insurance claims is changing fast, and a big part of that change is artificial intelligence (AI). While some worry that AI might take over, the reality is a bit different. AI is more about supporting human agents than replacing them. It helps streamline processes, improve customer experiences, and even tackle fraud. In…
Read MorePGIM to invest US$2 billion in Asia property, unfazed by tariffs
[TOKYO] PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific region this year even as Donald Trump’s trade policies fuel concern about economic growth. The firm invested about US$900 million in real estate in the region in the first quarter, with most of that…
Read MoreChina stares down Boeing parts shortage as Comac stockpiles
[NEW YORK] China is hunkering down for a trade war winter without American-made jets and aircraft parts. With China banning Boeing jets as part of its retaliation to US President Donald Trump’s tariffs, which Bloomberg News reported on Tuesday (Apr 15), local airlines now face the issue of repairing and maintaining hundreds of aircraft from…
Read MoreKeppel Pacific Oak US Reit Q1 distributable income continues slide, tumbling 19.3% to US$9.6 million
[SINGAPORE] Keppel Pacific Oak US Reit (Kore) posted a distributable income of US$9.6 million for its first quarter ended Mar 31, down 19.3 per cent from US$11.9 million in the previous corresponding period. The US office-focused Reit blamed the decline on lower adjusted net property income (NPI), mostly as a result of lower rental income…
Read MorePowell says Fed remains in wait-and-see mode; markets processing policy shifts
[CHICAGO] US Federal Reserve chair Jerome Powell said on Wednesday (Apr 16) the Fed would wait for more data on the economy’s direction before changing interest rates, but cautioned that US President Donald Trump’s tariff policies risked pushing inflation and employment further from the central bank’s goals. Powell, speaking for the first time since Trump…
Read MoreUS: Nasdaq ends down 3.1% on Nvidia drop, economic angst
[NEW YORK] Wall Street stocks tumbled on Wednesday (Apr 16) as the Federal Reserve chief warned of the drag from US President Donald Trump’s tariffs, while Nvidia sank on costs connected to the US-China trade war. The tech-rich Nasdaq Composite Index finished at 16,307.16, down 3.1 per cent. The Dow Jones Industrial Average dropped 1.7…
Read MoreTrump orders tariff probe on all US critical mineral imports
[TOKYO] US President Donald Trump on Tuesday (Apr 15) ordered a probe into potential new tariffs on all US critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to push back on industry leader China. The order lays bare what manufacturers, industry consultants, academics and others have long…
Read MoreIndonesia hikes mining royalties in bid to fund Prabowo policies
The regulation comes into effect 15 days from Apr 11, the registration date, according to the document Published Wed, Apr 16, 2025 · 12:37 PM [LONDON] Indonesia has raised the royalty rate to be paid by nickel, tin and other metal producers as the government searches for ways to fund President Prabowo Subianto’s ambitious but…
Read MoreIndonesia hikes mining royalties to fund Prabowo policies
[LONDON] Indonesia has raised the royalty rate to be paid by nickel, tin and other metal producers as the government searches for ways to fund President Prabowo Subianto’s ambitious but costly priority policies. The changes to be introduced largely mirror those touted in a public consultation last month, with formerly flat levies on output now…
Read MoreHyundai CEO sees gradual rise in car prices easing tariff shock
[NEW YORK] Hyundai Motor’s top executive expects car prices to remain relatively steady over the coming months despite added costs from the escalating global trade war, as automakers try to maintain stability and keep customers coming to dealer lots. “I don’t expect to see a huge increase overnight,” chief executive officer Jose Munoz said on…
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