Posts by Riah Marton
mm2 Asia seeks to delay S$54 million bond repayment by six years
[SINGAPORE] Embattled entertainment group mm2 Asia has proposed to amend a S$54 million-bond deal that was set for redemption in December. In a non-binding memorandum of understanding with its bondholder, identified as Tan Boon Seng, the struggling group is seeking to extend the bond maturity by six years to Dec 31, 2031. The move would…
Read MoreThese California tech hubs are set to dominate the AI economy
Despite suggestions it has been losing its edge, California is way ahead of others when it comes to the hottest technology right now: artificial intelligence. The regions around San Francisco, San Jose and Los Angeles are among the top ranked in the country for AI, according to a report released Wednesday by the Brookings Institution.…
Read MoreFLCT to divest commercial building in Australia for A$192.1 million, exiting Melbourne CBD office market
[SINGAPORE] Frasers Logistics & Commercial Trust (FLCT) will divest an office building in Melbourne’s Central Business District (CDB) for A$192.1 million (S$161.4 million), as it seeks to exit the Australian city’s office market and focus on logistics and industrial properties. The divestment consideration represents a 0.6 per cent premium over an independent valuation of A$191 million…
Read MoreNvidia is the first $4-trillion company. Here are three things to know
SAN FRANCISCO — Nvidia is already the world’s most valuable company, being one of the biggest beneficiaries of the global artificial intelligence boom. This week, the Santa Clara-based chip maker got another windfall. The Jensen Huang-led technology giant on Monday received approval from the U.S. government to sell some of its AI chips in China, boosting Nvidia’s…
Read MoreIata ‘watching very carefully’ for profiteering in tariff-exempt aerospace industry
[SINGAPORE] The International Air Transport Association (Iata) is on the lookout for players in the aerospace industry attempting to profiteer by using trade tariffs to justify price hikes. The industry has not been subjected to tariffs because of an agreement in 1979, Iata director-general Willie Walsh noted at a media roundtable on Wednesday (Jul 16).…
Read MoreFive things about Philip Yeo, former EDB chairman and outgoing CDL director
[SINGAPORE] Veteran public servant and economic heavyweight Philip Yeo made headlines on Tuesday (Jul 15), when news broke that he was retiring from City Development Limited’s (CDL) board of directors. This comes some months after a high-profile dispute between the property developer’s executive chairman Kwek Leng Beng and his son Sherman Kwek, the group chief…
Read MoreBeyond missing pets and packages: How Nextdoor plans to reshape its social network
Nextdoor, the once-hot social network for neighborhoods, wants to claw its way back to the top and prove that people can use the platform for more than just finding lost cats. The San Francisco company’s shares have plunged more than 80% since its market debut in 2021. Nextdoor shined brightly when people locked at home…
Read MoreMisinformation is already a problem during natural disasters. AI chatbots aren’t helping
When deadly flash floods hit central Texas last week, people on social media site X turned to artificial intelligence chatbot Grok for answers about whom to blame. Grok confidently pointed to President Trump. “Yes. Trump’s 2025 cuts slashed NOAA/NWS funding by ~30% and staff by 17%, impairing forecast accuracy. Warnings underestimated rainfall, contributing to inadequate…
Read MoreLinda Yaccarino to step down as CEO of Elon Musk’s social media site X
Linda Yaccarino, the chief executive of social media site X, said Wednesday that she’s stepping down from her role after two years at the company. “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company,”…
Read MoreKENNETH GREEN: Carney government should swiftly axe foolish EV mandate
Breadcrumb Trail Links Money News Canada Opinion Columnists Most Canadians disapprove of the mandate; most do not want to buy EVs; most can’t afford to buy EVs (which are more expensive than traditional internal combustion vehicles and more expensive to insure and repair); and if they do manage to swing the cost of an EV,…
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