DBS Group expects a 10% reduction in its workforce in the next three years as artificial intelligence adoption goes deeper into the operations, its chief executive Piyush Gupta said on Monday. Gupta ...
‘Tough school’: LPGA rookie shot 27 under and finished second, but can’t get into this week’s Singapore field
LPGA rookie Akie Iwai undoubtedly earned a new fan base with her impressive performance in finishing second to Angel Yin in the Honda LPGA Thailand on Sunday. The 22-year-old Japanese star led the ...
This LPGA rookie shot rounds of 61, 62 in Thailand but failed to earn a spot in HSBC field
Japan's Akie Iwai finished second at the Honda LPGA Thailand but didn't earn any CME points nor did she make the HSBC field this week.
DBS to cut 4,000 contract and temporary staff over three years as AI adoption grows
DBS Group Holdings plans to reduce its contract and temporary workforce by around 4,000 over the next three years due to increased adoption of artificial intelligence (AI), CEO Piyush Gupta confirmed.
Robinhood rides Trump wave to expand crypto business – report
Robinhood Market (NASDAQ:HOOD) is leveraging a crypto-friendly Trump administration to expand its crypto offerings into areas like tokenization and other opportunities beyond traditional brokerage -- ...
Daily Cuts – A 5 billion dollar shot in the arm of the Singapore equities market
Singapore Today's Daniel Martin and Susan Ng speak with Neil Parekh, a member of the Equities Market Review Group set up by MAS, and Shane Chesson, Founding Partner at Openspace Ventures, on a 5 ...
Singapore’s S$5 Billion Stock Plan to Drive Flows, Analysts Say
Singapore’s plan to lift local equities by investing S$5 billion ($3.7 billion) with fund managers is seen as a good start, while regulatory shifts will allow a wider range of companies to seek ...
Singapore shares slide on Monday after MAS unveils stock market measures; STI down 0.1%
SINGAPORE equities were marginally lower at the end of the first trading session since the Monetary Authority of Singapore (MAS) unveiled plans to boost the stock market. Read more at The Business ... ( read original story ...)
Saudi Arabia’s Salic to buy Olam Agri business from Singapore parent
Saudi Agricultural and Livestock Investment Company (Salic) has agreed to acquire a 44.58% stake in Olam Agri Holdings, the agricultural products unit of Singapore’s Olam Group, for $1.78bn. Post the ...
Singapore Inflation Slows, Core Measure Hits Lowest Level Since Mid-2021 — Update
The Monetary Authority of Singapore in January loosened its policy settings for the first time since early 2020. A continued slowing in core inflation may back the case for the central bank to further ...
OCBC raises target price after SIA posts ‘excellent’ quarter, but still retains a neutral outlook
We remain confident that SIA’s brand proposition, service quality and product innovation will allow it to navigate the transition from recovery to growth going forward,” OCBC's Lim writes.
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS, based in Singapore, has around 41,000 staff. Ms Tan Su Shan, currently DBS deputy CEO, will succeed Mr Gupta on March 28.
Singapore shares slide after MAS unveils stock market measures; STI down 0.1%
The Singapore Exchange (SGX) was the next-highest gainer on the STI. It rose 3.9 per cent or 50 cents to $13.30, buoyed by investors’ positive sentiment towards MAS’ initiatives.
Singapore January core inflation at 0.8% in smallest annual rise since 2021
Singapore's key consumer price gauge rose 0.8% in January from a year earlier, lower than economists' forecasts and the smallest rise in more than three years, official data showed on Monday. The core ...
Singapore’s Olam Sells Agribusiness Unit To Saudi Fund In Deal Valued At $4 Billion
Olam Group—backed Singaporean tycoon Sunny Verghese—is selling its remaining stake in its agribusiness unit to Saudi Agriculture and Livestock Investment Company in a deal valued at $4 billion.
Singapore announces tax rebates, $3.7 billion program to boost stock market
Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing ...