Leadership
TA Corp H2 net profit up 9% to S$11.7 million
PROPERTY and construction company TA Corporation posted a 9 per cent rise in net profit to S$11.7 million for its second half ended Dec 31, 2023, from S$10.8 million...
Elon Musk sues OpenAI and CEO Sam Altman for abandoning mission
ELON Musk has sued ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, saying they had abandoned the company’s original mission to develop artificial intelligence for the benefit...
Elon Musk sues OpenAI for abandoning original mission for profit
ELON Musk has sued ChatGPT-maker OpenAI and its CEO Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not...
Aztech CFO resigns after five months in role; company searching for replacement
AZTECH Global announced on Friday (Mar 1) that its chief financial officer (CFO) Leslie Tan has resigned from the company. His resignation will take effect from Mar 28. The...
Norway wealth fund sells stakes in 3 Jardine firms on environment concerns
NORWAY’S US$1.6 trillion sovereign wealth fund has excluded three companies from its portfolio due to concerns that mining activity may destroy the natural habitat of critically endangered orangutans, the...
Singapore to tackle resilience, security risks with new law for digital infrastructure service providers
SINGAPORE intends to introduce a Digital Infrastructure Act to govern key digital infrastructure service providers, in order to address resilience and security risks. “Large cloud service providers and data...
Energy firms boost gas exploration in South-east Asia to meet growing demand
ENERGY companies are ramping up exploration activities in South-east Asia to boost natural gas output and meet long-term demand growth, drawn by recent discoveries and improved investment policies, company...
Brokers’ take: Analysts raise Frencken targets after earnings beat forecasts; bullish on recovery
ANALYSTS have raised their target prices on Frencken Group and maintained their “buy” recommendations after the group’s second-half results for 2023 beat expectations. On Tuesday (Feb 27), the semiconductor...
