Posts by Mark Darwin
Fired SingPost CEO, CFO open to foregoing legal options in favour of independent inquiry
THE former chief executive and chief financial officer of Singapore Post (SingPost) on Tuesday (Jan 7) said they are prepared to abandon their litigation option if an independent professional inquiry is carried out. Vincent Phang and Vincent Yik said they welcome the inquiry and called on the Securities Investors Association (Singapore), or Sias, to continue…
Read MoreFired SingPost CEO, CFO open to forgoing legal options in favour of independent inquiry
THE former chief executive and chief financial officer of Singapore Post (SingPost) on Tuesday (Jan 7) said they are prepared to abandon their litigation option if an independent professional inquiry is carried out. Vincent Phang and Vincent Yik said they welcome the inquiry and called on the Securities Investors Association (Singapore), or Sias, to continue…
Read MoreIndonesia to meet Apple on investment proposal, official says
INDONESIA’S industry ministry will meet representatives from Apple on Tuesday (Jan 7) to discuss its investment in the country, a prerequisite for the tech giant to sell its latest iPhone 16 locally, a ministry official said. Indonesia last year banned sales of Apple’s iPhone 16 after it failed to meet requirements that smartphones sold domestically…
Read MoreKKR considering selling Japan’s Seiyu supermarket: Nikkei
US PRIVATE equity fund KKR is considering selling supermarket chain Seiyu in a deal that could be worth several hundred billion yen, the Nikkei business daily reported on Tuesday (Jan 7). The bidding process for the sale of shares has begun, and major retailers including Aeon, Don Quijote owner Pan Pacific International Holdings and Trial…
Read MoreTencent SDRs fall nearly 7% after US designates tech giant as ‘Chinese military company’
TENCENT’S Singapore-listed shares, or Singapore Depository Receipts (SDRs), fell nearly 7 per cent on Tuesday (Jan 7) after the US categorised it as a “Chinese military company” (CMC). The US Department of Defense included the Chinese tech giant on a list of “Chinese military companies”. This means that the US defence agency is prohibited from…
Read MoreChina’s biggest shipping line added to US military blacklist
COSCO Shipping Holdings, China’s biggest marine transport line, has been blacklisted by the US government for alleged links with the People’s Liberation Army. The shipping line was named in a Federal Register filing on Tuesday (Jan 7) as qualifying as a Chinese military company as determined by the Pentagon, along with Tencent Holdings and Contemporary…
Read MoreAMD adds Dell as commercial PC customer for the first time
ADVANCED Micro Devices (AMD), the second-biggest maker of computer processors, said its chips will be used by Dell Technologies for the first time in personal computers (PCs) sold to businesses. The chipmaker unveiled new processors it says will make AMD-based personal computers the best at running artificial intelligence (AI) software. Dell has decided to use…
Read MoreSamsung CEO touts AI fridges and washers after year to forget
SAMSUNG Electronics is ramping up investment in artificial intelligence (AI) for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena. Samsung is counting on its unique market position as a leader in not just mobile devices but also home appliances…
Read MoreSingapore shares in the black on Tuesday; STI rises 0.2%
SINGAPORE shares ended Tuesday (Jan 7) in positive territory, even as overseas markets closed mixed. The benchmark Straits Times Index (STI) was up 0.2 per cent or 6.33 points at 3,828.17. Across the broader market, losers outnumbered gainers 320 to 223 after 847.1 million securities worth S$988.5 million changed hands. Regional indices were varied. Hong…
Read MoreTikTok ban thrusts Apple, Google into US-China geopolitical fray
TIKTOK creators are posting videos promoting ways to get around a looming shutdown of the app in the US, which could spell trouble for Apple, Alphabet’s Google and other American tech companies required by law to enforce the ban or risk potentially billions in fines. With less than two weeks to go before the ban…
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