Posts by Stephanie Irvin
Amicorp rejects 1MDB’s US$1 billion asset recovery claim
Authorities in Asia, the US and Europe have been working to coordinate their investigations into the money trail from 1MDB Amicorp Group has rejected troubled state wealth fund 1Malaysia Development’s US$1 billion claim against the Hong Kong-based corporate services provider, vowing to defend itself in the British Virgin Islands suit. The US$1 billion claim is…
Read MoreTSMC shares touch record high, eyeing best year since 1999 on AI
TAIWAN Semiconductor Manufacturing Company (TSMC) shares touched a record high, as the world’s largest contract chipmaker is poised to cap its best annual stock performance in 25 years. The stock climbed as much as 1.4 per cent in Taipei on Tuesday (Dec 24), briefly surpassing its Nov 8 peak, after gains in US chip stocks…
Read MoreMicrosoft works to add non-OpenAI models into 365 Copilot products: sources
MICROSOFT has been working on adding internal and third-party artificial intelligence (AI) models to power its flagship AI product Microsoft 365 Copilot, in a bid to diversify from the current underlying technology from OpenAI and reduce costs, sources familiar with the effort told Reuters. It is the latest effort by Microsoft, which is a major…
Read MoreSeatrium wins contract for deepwater new-build production unit
SEATRIUM has secured a contract to perform engineering, procurement, construction and onshore commissioning work for a deepwater new-build production unit under BP Exploration & Production, a subsidiary of multinational oil and gas company, BP. Named Kaskida, the floating production unit (FPU) project is a greenfield development located in the Keathley Canyon area of the Gulf…
Read MoreUS: Tech gains lift stocks despite early weakness
WALL Street stocks shook off early weakness and pushed higher on Monday (Dec 23), propelled by gains in Nvidia and some other large tech equities. Stocks had been under pressure early amid concerns over higher US Treasury bond yields that impede year-end gains in a historically strong period of the calendar. “Stocks did not really…
Read MoreWho’s pulling ahead in South-east Asia’s data centre race?
THE start of the artificial intelligence (AI) boom has led to a global race among countries to build more data centres and ramp up their capacity. It’s no different in Singapore and the South-east Asia region, with billions of dollars committed to build data centres in the region this year. Singapore re-opened its doors to…
Read More20 Grocery Store Psychology Tricks
Ever walked into a grocery store for just a loaf of bread and left with a cart full of stuff? You’re not alone. Grocery stores have some sneaky tricks up their sleeves to get you to buy more than you planned. It’s all about how they set things up, what they put where, and even…
Read MoreSingPost’s Parcelgate fiasco is a corporate governance disaster
Disclosures by the postal service provider throw up more questions than answers
Read MoreJPMorgan exits Australia’s Star Entertainment
JPMORGAN Chase has ceased to be a shareholder in embattled Australian casino operator Star Entertainment, an exchange filing by the gaming group showed on Monday (Dec 23). The investment banker’s stake in Star Entertainment had reflected 5.09 per cent of the company’s voting power, according to the gambling group’s exchange filing on Friday. Australia’s No…
Read MoreLicences issued to ride-hailing and taxi operators ahead of new rules in 2025
THE licensed operators of point-to-point (P2P) transport services were announced by the Land Transport Authority (LTA) on Monday (Dec 23), ahead of rule updates to the sector that begin in 2025. More details on the updates were also revealed, which include less stringent requirements in obtaining a taxi driver’s vocational licence and a move to…
Read More