Posts by Mark Darwin
Nasdaq-listed Grab’s Q4 profit falls to US$27 million, but beats analyst estimates
NASDAQ-LISTED Grab on Thursday (Feb 20) posted a net profit of US$27 million for the fourth quarter ended December, down from US$35 million in the previous corresponding period. The earnings beat estimates of a US$10.3 million profit in a poll of eight analysts by Bloomberg. Revenue for the three months was US$764 million, up…
Read MoreGoogle develops AI co-scientist to aid researchers
GOOGLE has developed an artificial intelligence (AI) tool to act as a virtual collaborator for biomedical scientists, the US blue chip said on Wednesday (Feb 19). The new tool, tested by scientists at Stanford University in the US and Imperial College London, uses advanced reasoning to help scientists synthesize vast amounts of literature and generate…
Read MoreReviving SGX is not the endgame – creating a vibrant financial ecosystem is
IT IS somewhat counterintuitive that shares of the Singapore Exchange (SGX) have weakened since the Monetary Authority of Singapore (MAS) review group on Feb 13 announced tax incentives as part of measures to boost the equities market. SGX is down some 5.6 per cent even as the Straits Times Index is hitting new highs, albeit…
Read MoreLocation Services: Are You Being Tracked at Work?
Ever wonder how much your boss knows about where you are during work hours? Location services in the workplace are becoming more common, and while they can help with safety and efficiency, they also raise questions about privacy. From GPS tracking to geofencing, these tools are everywhere. But what does it all mean for employees?…
Read MoreUS: Wall St opens slightly lower as markets assess latest tariff threats
WALL Street’s main indexes opened marginally lower on Wednesday (Feb 19) on worries over US President Donald Trump’s latest tariff threats and head of minutes from the Federal Reserve’s January meeting. The Dow Jones Industrial Average fell 78.2 points, or 0.18 per cent, at the open to 44,478.12. The S&P 500 fell 11.8 points,…
Read MoreSingPost to lay off 45 employees ‘in the coming months’
The move is not correlated with previous incidents or whistleblowing reports, it emphasises SINGAPORE Post (SingPost) will lay off 45 employees “in the coming months” in a move to restructure the company, it said in a statement on Wednesday (Feb 19). Those affected by the layoffs are primarily in corporate support units, with a “small…
Read MoreSingaporean Huang Zhenhua’s assets frozen over US$830 million suit by drug giant Novo
Novo Nordisk is seeking as much as US$830 million in damages in a Singapore court, saying that it was misled by a local biotech firm about the effectiveness of an experimental hypertension drug. KBP Biosciences and its founder led the Danish drugmaker to believe they had “developed a new and effective drug to treat hypertension…
Read MoreSingapore court freezes worldwide assets in Novo Nordisk suit, including US$218m in DBS account
The Danish drugmaker alleges misrepresentations by biotech firm founder Huang Zhenhua about the success of its kidney drug PHARMA giant Novo Nordisk has been granted an injunction by the Singapore International Commercial Court to freeze the worldwide assets of KBP Biosciences founder Huang Zhenhua to the tune of US$830 million. The Danish drugmaker was led…
Read MoreAnt Group enters China’s growing humanoid robot industry amid rising tech interest
ANT Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field. The company has opened positions related to humanoid robot systems and applications through its subsidiary, Shanghai Ant Lingbo Technology, which was established at the end of 2024 with registered…
Read MoreReits, banks and grocers: Potential winners from Budget 2025 measures
LONG-TERM plans to spur growth, and tax rebates and incentives for certain companies, these were among the highlights of Singapore’s Budget 2025 statement delivered by Prime Minister and Finance Minister Lawrence Wong on Tuesday (Feb 18). Ahead of the nation’s 60th birthday, Budget 2025 tackled immediate and long-term issues faced by Singapore. This ranged from…
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