Posts by Stephanie Irvin
Arm recruits from customers as it plans to sell its own chips
ARM has begun recruiting from its own customers and competing against them for deals as it pushes toward selling its own chips, according to people familiar with the matter and a document viewed by Reuters. Arm supplies the crucial intellectual property that firms such as Apple and Nvidia license to create their own central processing…
Read MoreMoney Talk: Why Revenue Doesn’t Equal Profit
When you’re running a business, it might seem like revenue is the ultimate goal. After all, more money coming in means you’re doing well, right? But hold up—revenue isn’t the whole picture. It’s just the starting point. You’ve got to think about all the costs that nibble away at that revenue before you can call…
Read MoreUS: Wall St opens higher after producer prices data
Wall Street’s main indexes opened higher on Thursday (Feb 13) as investors parsed the latest producer prices data, while the prospect of Russia-Ukraine peace talks spurred some risk-taking. The Dow Jones Industrial Average rose 57.4 points, or 0.13 per cent, at the open to 44,425.94. The S&P 500 rose 8.6 points, or 0.14 per cent,…
Read MoreMAS review group proposes tax perks to boost Singapore’s equities market; further details on Feb 21
THE Monetary Authority of Singapore’s (MAS) equities market review group is proposing to introduce tax incentives to spur more listings and investments in Singapore’s equities market, in its first set of measures, announced on Thursday (Feb 13). These measures include tax incentives to attract enterprises and fund managers to list in Singapore. It is also…
Read MoreSony hikes profit forecast on strong gaming business
It expects a net profit of 1.08 trillion yen (S$9.44 billion) in the year ending March 31, compared with an earlier projection of 980 billion yen Japanese entertainment and electronics giant Sony upgraded its annual net profit forecast to US$7.0 billion on Thursday (Feb 13) thanks to its strong gaming business. The conglomerate said it…
Read MoreSiemens posts better than expected profit despite weakness at factory automation
Siemens reported an 8% drop in industrial profit to 2.52 billion euros (S$3.54 billion), beating forecasts for 2.44 billion euros Siemens reported better than expected profit for its latest quarter on Thursday (Feb 13), despite continued struggles at its factory automation business. The German company saw a “significant decline” at its factory automation business –…
Read MoreOng Beng Seng’s HPL to focus on Orchard Road properties after exiting Cuscaden consortium
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, will focus on developing its assets and holdings after exiting a Temasek-backed consortium that owns Paragon real estate investment trust (Reit) among other assets. “Hotel Properties Limited, Tiga Stars’ parent company, plans to focus its resources on the development of its…
Read MoreBaidu to make AI chatbot Ernie Bot free of charge from Apr 1
CHINESE search engine leader Baidu said on Thursday (Feb 13) it would make its artificial intelligence (AI) chatbot Ernie Bot free starting Apr 1, citing improved technology and reduced costs. The AI service will be accessible at no cost to all users on both desktop and mobile platforms, Baidu said. Baidu faces growing competition in…
Read MoreUAE company plans nuclear power plant in Indonesia
UAE firm Emirates Global Aluminium (EGA) plans to build a nuclear power plant with a capacity of up to five gigawatts in Indonesia, the Indonesian economic affairs ministry said in a statement issued on Wednesday (Feb 12). The ministry also said high electricity prices and a lack of low-carbon electricity had delayed plans for EGA…
Read MoreSeatrium jumps 8.3% to S$2.49 after MOU with BP
SHARES of Seatrium surged on Thursday (Feb 13) after it announced its memorandum of understanding (MOU) with BP Exploration & Production, a subsidiary of multinational oil and gas company BP, for a floating production unit (FPU) in the US Gulf of America. At 11.31 am, it climbed to S$2.49, up 8.3 per cent or S$0.19…
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