Singapore
Former KTL Global CEO sentenced to eight months for false trading
Former KTL Global CEO sentenced to eight months for false trading
He remains under investigation for two other charges.
Singapore workforce sees surge in AI adoption: report
One in 117 job postings in Singapore mentions GenAI.
Great Eastern names HSBC banker as new group CEO
Greg Hingston will take the helm once Khor Hock Seng retires on 31 Oct 2024.
8 in 10 Gen Zs interested in generative AI use: study
About 43% of them have already used AI for shopping.
CHART OF THE DAY: More Singaporeans see the positive impact of AI on education
Four in 10 are against banning the use of ChatGPT in schools.
Grocery shoppers turn to house brands as food prices rise
Nine in 10 shoppers have bought house brands in the last 12 months.
Daily Markets Briefing: STI down 0.26%; Top stock is ThaiBev
ThaiBev is the top stock with a 1.92% increase.
EDPR and Microsoft partner on 20-year renewable energy deal
The tech company will purchase all energy exported from EDPR’s SolarNova 8 project.
Silverlake Axis plans to go private with $0.36 per share offer
Shareholders can opt to receive $0.30 in cash and one new redeemable preference share in E21.
Lok Yang Way site up for sale via tender
The tender will close on 22 October at 11 am.
Singapore to offer up to $6,000 in aid for unemployed under new scheme
The scheme will be launched in April 2025.
SGX RegCo mandates delisting of Dragon Group
It will leave the bourse on 9 September.
SeaTown closes private credit fund with US$1.3b
The fund was launched at the end of 2022.
Singapore joins group of highly transparent commercial real estate markets
Globally, it ranked 13th in market transparency.
HSA revokes licence of retailer for e-vaporiser violations
It seized over 120 e-vaporisers from the retailers.
Singapore ranks second globally for millionaire population density
There are 4,305 millionaires per 100,000 people in the city.
Keppel Infrastructure Trust to raise $200m through private placement
It will issue 456.6 million units.
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Commentary
What matters for Singapore’s AI future is consistency, not brilliance
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Singapore’s small exporters need credit that matches their payment cycle
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F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
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