2 days ago
Governance, workforce gaps hinder companies’ AI adoption despite rising investments: KPMG
Meera Pathmanathan - A new centre of excellence will help firms ‘embed artificial intelligence as a trusted, enterprise-ready asset’
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Singapore aims to speed up private bank account opening for wealthy clients
Private banking account opening times for the wealthy will be reduced to within one month by the end of 2026, down from the current duration of about six weeks or longer.
2 days ago
Only 15% of workers in Singapore feel their jobs are safe amid AI-driven anxieties: survey
Meera Pathmanathan - This falls below the Asia-Pacific average of 18%
2 days ago
Singapore stocks rise on Monday amid buzz over potential US-Iran deal; STI up 0.1%
Across the broader market, gainers beat losers 286 to 161, after 1.5 billion securities change hands
2 days ago
Pope Leo warns AI should be prevented from ‘dominating humanity’
POPE Leo XIV said artificial intelligence should be “disarmed” to protect humanity from its dangers, adding his voice to a heated debate...
2 days ago
Former Marubeni CEO warns Japan could face chemical product shortages from late June
TOKYO, May 25 : Japan could face shortages of chemical products from late June as it struggles to replace naphtha supplies from the Middle East, a former chief executive of trading company Marubeni said on Monday.Fumiya Kokubu, who led Marubeni between 2013 and 2019 and is now an executive corporate ...
2 days ago
Anthropic's Olah says AI must be guided from outside Big Tech
VATICAN CITY, May 25 : Anthropic co-founder Chris Olah said on Monday that the development of artificial intelligence cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society.Speaking in the Vatican at the presentation of Pope Leo& ...
2 days ago
'Lazy' narrative to connect AI to job cuts, says Nvidia boss Jensen Huang
"If you don't engage the technology of your time, you'll just simply be left behind," Mr Huang told CNA's Victoria Jen in a wide-ranging interview.
2 days ago
'Not wise' to have two separate AI ecosystems created by US, China: Nvidia CEO Jensen Huang
In a wide-ranging interview with CNA's Victoria Jen, Mr Huang also talked about partnerships in Taiwan and competition between the US and China.
2 days ago
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
[SINGAPORE] The High Court has criticised UOB over what it called the bank’s inconsistent legal positions on late payment charges in mortgage...
2 days ago
Quotes from Pope Leo's document warning world of AI risks
VATICAN CITY, May 25 : Pope Leo issued his first major document on Monday, urging international regulation to slow down the development of AI systems, which he said spread misinformation and may lead the world down a path of unending war.Below are snippets from the document, a nearly 43,000-word enc ...
2 days ago
Pope Leo urges world to 'slow down' on AI in fervent first manifesto
VATICAN CITY, May 25 : Pope Leo urged governments to slow down the development of AI systems in his first major document, released on Monday, warning that they spread misinformation, prioritise conflict and risk leading the world down a path of unending war.Leo, who has adopted a more forceful tone ...
2 days ago
Google Cloud opens Southeast Asia-to-Silicon Valley start-up AI corridor through Singapore
Nurdianah Md Nur - Google Cloud is expanding its start-up programme in Southeast Asia, using Singapore as the base for a new corridor that links the region's AI founders with Silicon Valley investors, engineers and enterprise customers. The Google for Startups Accelerator: Southeast Asia is a three-month, equity- ...
2 days ago
European shares climb to over two-month highs on Iran-US peace optimism
EUROPEAN shares hit their highest in more than two months on Monday, buoyed by signs Iran and the US were negotiating an end...
2 days ago
Tether says it will launch 'official' stablecoin in Georgia, with government support
May 25 : Tether, the world's biggest stablecoin issuer, plans to launch a crypto token representing the Georgian lari with the support of Georgia's government, the company said on Monday, in the latest sign of the country's pro-crypto approach.Tether's new token is unusual in bei ...
2 days ago
Tether and Georgia government to launch official stablecoin of Georgia
May 25 : Tether, the issuer of the world's largest stablecoin, said on Monday it plans to launch a stablecoin representing the Georgian Lari, with the support of the government of Georgia, making it one of the first joint efforts to place a national currency on digital asset rails. The stableco ...
2 days ago
UOBKH's Koh raises target price for CLAR to $3.78 following three acquisitions
The Edge Singapore - Jonathan Koh of UOB Kay Hian has maintained his "buy" call on Capitaland Ascendas REIT along with a slightly higher target price of $3.78 from $3.70 after the REIT's recent acquisition of three assets for $1.4 billion in total that will lift its DPU by 1.7% for this coming FY2027 and ...
2 days ago
ERP charges may resume in Orchard Road if congestion in the area worsens: LTA
[SINGAPORE] Electronic Road Pricing (ERP) operations may return to the Orchard Road area if congestion in the shopping district worsens, the Land Transport...
2 days ago
ECB convening bank meeting to fix flaws exposed by AI models: report
The European Central Bank (ECB) plans to press lenders to accelerate efforts to secure their IT systems after organising a meeting on...
2 days ago
Thailand’s trade deficit hits record US$10 billion as imports soar
Exports, meanwhile, are up 23.1%, slightly above the median forecast
2 days ago
Schneider Electric sees India data center business outpacing core growth on AI boom
May 25 : Schneider Electric expects its India data center business to outpace broader operations in the country over the next four to five years, driven by surging demand for AI-ready infrastructure, according to a senior executive.Data centers currently account for 15 per cent to 20 per cent of Sch ...
2 days ago
Should buyers get more excited over relatively ‘cheap’ freehold Newport Residences?
Leslie Yee - The project’s underperformance versus River Modern may not be justified
2 days ago
Japan bond yield surge deepens regional bank stock divide
Lenders with holdings vulnerable to higher yields are punished for unrealised losses
2 days ago
SoftBank taps retail investors with US$1.6 billion yen bond deal
The company faces massive funding needs tied to AI infrastructure spending and other investments
2 days ago
Australian shares notch two-week closing peak on Middle East peace hopes
[SYDNEY] Australian shares ended at a two-week high on Monday (May 25), led by commodity stocks as investors pinned hopes on a...
2 days ago
AI boom masks mounting risks from Middle East energy shock: MAS chief
Jean Low - The financial regulator is working with private banks to shorten the time needed to open an account
2 days ago
Vinhomes lets homebuyers pay with gold, tapping Vietnam’s vast private hoards
Jamille Tran - The country’s largest residential developer also offers 110% buyback options after five years
2 days ago
Addvalue Tech ends 20.3% higher on H2 earnings surge
Jermaine Fok - Net profit for the half-year is up 48.5% at US$2.9 million
2 days ago
Addvalue Tech rises 14.5% on H2 earnings surge
Therese Soh - Net profit for the half-year is up 48.5% at US$2.9 million
2 days ago
Singapore core inflation cools to 1.4% in April in benign surprise
Low Youjin - The headline figure holds steady at 1.8%
2 days ago
Singapore core inflation cools to 1.4% in April in downside surprise
Low Youjin - The headline figure holds steady at 1.8%
2 days ago
Singapore core inflation eases to 1.4% in April, below forecasts
Low Youjin - Headline inflation held steady at 1.8 per cent in April
2 days ago
Singapore’s core inflation eases to 1.4% in April after two months of increases
This was due to lower inflation in services and retail and other goods, said the Monetary Authority of Singapore and the Ministry of Trade and Industry.
2 days ago
China trading curbs may hit HK$250 billion of Hong Kong assets
It comes as more mainland investors chase higher returns in the US and other overseas markets