Cuts
Chinese AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete in the post-ChatGPT era.The Chinese artificial intelligence (AI)...
China AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete in the post-ChatGPT era.The Chinese artificial intelligence (AI)...
RHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines
RHB Research has lowered its target price on IReit Global to S$0.34 from S$0.40 previously, as it expects the real estate investment trust’s (Reit) near-term distribution per unit (DPU)...
Layoffs and job cuts in Singapore in 2024
RETRENCHMENT and unemployment in Singapore eased in the third quarter, but the current quarter posted some prominent layoffs. From the beverage sector to consumer electronics and e-commerce, here are...
Taiwan’s science ministry warns spending cuts could hit chips, AI funding
TAIWAN’S science ministry warned on Friday (Dec 27) that funding for areas such as semiconductors, artificial intelligence (AI) and aerospace could be reduced by NT$20 billion (S$828 million) for...
China keeps key rate steady with traders expecting cuts in 2025
CHINA kept a key interest rate unchanged – a move widely expected by economists – as it seeks to keep its powder dry ahead of possible escalation in trade...
Volkswagen unveils major job cuts in cost-saving drive
Crisis-hit auto giant Volkswagen said on Friday (Dec 20) it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting...
Indonesia weighs deep cuts to nickel mining to boost prices
INDONESIA is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to sources familiar with the matter.The Energy and...
