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Singapore identifies six generative AI risks, sets up foundation to guide adoption
Singapore has identified six top risks associated with generative artificial intelligence (AI) and proposed a framework on how these issues can be addressed. It also has established a foundation that looks to tap the open-source community to develop test toolkits that mitigate the risks of adopting AI .
SK On raises additional US$400 mln in pre-IPO funding
South Korean battery maker SK On Co. has attracted an additional US$400 million from a foreign investor, the latest in a round of funding as it steps up to prepare for an initial public offering (IPO) ...
Stable Singapore-dollar credit market amid debt ceiling saga
Singapore-dollar bonds issuance year-to-date as of May 31 was stable at $8.1 billion, a gain of 2.5% compared to the same period last year. However, it seems that issuers are more receptive to the ...
Standard Chartered to lay off more than 100 as part of $1bn cost cuts
Standard Chartered is embarking on selective lay-offs of employees across its Singapore, London and Hong Kong offices, part of the Asia-focused lender’s plan to cut costs by more than $1 billion ...
StanChart cutting more than 100 jobs in Singapore, London and Hong Kong, say sources
Move is part of Asia-focused lender’s existing plan to cut costs by more than $1.35 billion through 2024. Read more at straitstimes.com.
Cash flooding S’pore forced DBS to lend MAS S$30 billion as banks run out of investment ideas
The influx of money means that Singapore is, relatively speaking, one of the best places to get a loan anywhere in the world right now.
Malaysia, Singapore slam comedian for ‘offensive’ joke over MH370 plane disappearance
Malaysian officials on Thursday condemned a Singapore-born stand-up comedian who mocked Malaysia and made fun of the 2014 disappearance of Malaysia Airlines Flight MH370 during a skit in the United States.
Singapore economic czar Tharman Shanmugaratnam to run for president
Singapore's veteran economic policymaker is resigning to contest the Southeast Asian city-state's presidency, a largely symbolic head of state role.
NTUC LearningHub and Professional Convention Management Association Partner to Introduce New Training Programmes to Uplift Singapore’s MICE Sector
NTUC LearningHub (NTUC LHUB), together with the Professional Convention Management Association (PCMA), provider of senior-level education, networking, and market intelligence for the global business events industry,
Singapore GDP to barely stay positive; stay put with high-yield big caps
The STI is supported by the inexpensive valuation of just over 10x forward P/E and an attractive dividend yield of 5.3% ...
Stock Market Live Updates: Sensex rises 50 points, Nifty near 18,750; Torrent Power jumps 6%, Tata Elxsi 3%
Tokyo shares opened slightly higher Thursday after global stocks mostly retreated on a shock interest rate hike by Canada's central bank.The benchmark Nikkei 225 index was up 0.06 percent, or 19.97 ...
MAS to set up association to scale voluntary carbon markets, transition finance, blended finance
The Association of Banks in Singapore is leading the coordination and set-up of the Singapore Sustainable Finance Association.
Why Singapore Airlines Had a Good 2022
The financial year that ended in March 2023 was a very good year for Singapore Airlines (SIA). The national carrier together with its subsidiaries recorded after-tax income of SG $2.16 billion ($1.6 billion).
StanChart cutting more than 100 jobs in Singapore, London and Hong Kong, sources say
The bank has started trimming roles in middle office functions including HR and digital transformation in the last few weeks. Read more at straitstimes.com.
Standard Chartered trimming roles as part of cost cuts
Standard Chartered is starting to lay off employees across Singapore, London, and Hong Kong hubs as part of an existing plan to cut costs by more than US$1 billion through 2024, Bloomberg News ...