Posts by Yurie Miyazawa
Former recruitment firm director first to be jailed for unauthorised collection of GST
A FORMER recruitment firm director was sentenced to seven weeks’ jail, and ordered to pay S$83,300, for unauthorised collection of Goods and Services Tax (GST). This makes Vijay Kumar Muvva the first such person to be convicted and jailed under Section 6A of the GST Act, said the Inland Revenue Authority of Singapore on Wednesday…
Read MoreGreenback holds firm; euro steadies after German inflation data
THE greenback held firm on Wednesday (May 29), boosted by higher US yields, and gained on the Japanese yen as placid markets encouraged investors to resume carry trades, while the euro digested German inflation data. The US dollar reached as high as 157.41 yen early on Wednesday, inching back to levels that led to bouts…
Read MoreIHH Healthcare Q1 profit falls 45% to RM768 million; revenue at quarterly high
IHH Healthcare posted a 45 per cent fall in net profit to RM768 million for its first quarter ended Mar 31, from RM1.4 billion in the corresponding period of the year before. Profit fell mainly because of the high base in Q1 2023, which included a one-off gain from the sale of its non-core asset,…
Read MoreChina’s Geely to launch hybrids with more fuel-efficient engines
CHINA’S Geely Holding Group on Wednesday (May 29) said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine. Geely’s engine achieves a thermal efficiency of up to 46.1 per cent, according to a product certificate issued by the government-owned CATARC Huacheng Certification. …
Read MorePwC to become OpenAI’s largest enterprise customer amid genAI boom
PWC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the accounting giant said on Wednesday (May 29), as businesses rush to adopt and capitalize on generative artificial intelligence. PwC will roll out ChatGPT Enterprise, a version of the Microsoft-backed AI startup’s chatbot aimed at large…
Read MoreSQ321 turbulence lasts about 1 minute, chronology of events disclosed: initial investigation
The turbulence incident that caused one death and dozens of injuries in a Singapore Airlines flight lasted for about one minute, initial investigation has shown. The injuries likely occurred during a brief duration of 4.6 seconds. The incident happened when the aircraft was passing over the south of Myanmar at 37,000 feet (11,278 m)and “likely…
Read MoreBHP asks for more time in last-minute plea to Anglo
BHP Group is asking for more time to discuss its US$49 billion takeover plan with Anglo-American and outlined a series of commitments to the smaller company, with just hours left to go until a crucial deadline. The two miners have been locked in an impasse over the proposed structure of BHP’s deal, which requires Anglo…
Read MoreBlackRock’s US$20 billion ETF is now the world’s largest Bitcoin fund
BLACKROCK’S iShares Bitcoin Trust has become the world’s largest fund for the original cryptocurrency, amassing almost US$20 billion in total assets since listing in the US at the start of the year. The exchange-traded fund (ETF) held US$19.68 billion of the token on Tuesday (May 28), dethroning the US$19.65 billion Grayscale Bitcoin Trust, data compiled…
Read MoreNew BYD hybrid can drive non-stop for more than 2,000 kilometres
BYD unveiled a new hybrid powertrain capable of travelling more than 2,000 kilometres without recharging or refuelling, intensifying the electric vehicle (EV) transition war against Toyota Motor and Volkswagen. The upgraded tech, which aims to put more distance between BYD and its legacy rivals, will be launched in two sedans immediately that cost under 100,000…
Read MoreNew BYD hybrid can drive non-stop from Singapore to Bangkok
BYD unveiled a new hybrid powertrain capable of travelling more than 2,000 kilometres without recharging or refuelling, intensifying the electric vehicle (EV) transition war against Toyota Motor and Volkswagen. The upgraded tech, which aims to put more distance between BYD and its legacy rivals, will be launched in two sedans immediately that cost under 100,000…
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