Leadership
Wee family members ‘welcome’ as part of bank succession if they have passion, desire: UOB CEO
MEMBERS of UOB’s controlling Wee family are “more than welcome” in the bank’s succession plans, but only if they have the passion and interest to be part of the...
Three Arrows’ liquidators to pay out interim dividend by Mar 31
THE liquidators of Three Arrows Capital have announced they intend to distribute an interim dividend on or around Mar 31, 2024. In a Feb 12 notice published in The...
HSBC cost conundrum intensifies investor bank scrutiny
CLIMBING costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to quickly address spending. Although banks have seen...
ARA H-Trust’s H2 DPS rises 18.6% to US$0.01929
ARA US Hospitality Trust’s (ARA H-Trust) distribution per stapled security (DPS) for the half year ended December 2023 was up 18.6 per cent to US$0.01929, from US$0.01627 in H2...
Qantas first-half profit drops, announces new A$400 million stock buyback
AUSTRALIA’S flag carrier Qantas Airways on Thursday posted a 12.8 per cent fall in first-half profit and announced an additional on-market stock buyback of up to A$400 million. The decline in...
ChatGPT cranks out gibberish for hours
CHATGPT spewed nonsensical answers to user’s queries for hours on Tuesday into Wednesday before eventually returning to its apparent senses. OpenAI did not explain what went awry with its...
US: Stocks dip ahead of Nvidia results, Fed minutes
WALL Street stocks finished mixed on Wednesday following Federal Reserve minutes that signaled slower interest rate cuts ahead. Fed officials offered mixed views over the timing of cutting interest rates, but...
Apple rolls out iMessage upgrade to withstand decryption by quantum computers
APPLE is rolling out an upgrade to its iMessage texting platform to defend against future encryption-breaking technologies. The new protocol, known as PQ3, is another sign that US tech...
Vicom’s H2 net profit climbs 4.5% to S$13.7 million on higher revenue
VEHICLE inspection company Vicom reported on Wednesday (Feb 21) a 4.5 per cent increase in net profit for the second half of 2023, on the back of higher revenue....
COE premiums dip in all categories except commercial vehicles; Open Category below S$100,000 for first time since May 2022
CERTIFICATE of Entitlement (COE) premiums in February’s second round of bidding dropped for all categories except those for commercial vehicles. The price for Category A, for mainstream cars, fell...