Posts by Kim Browne
Talk Turns to Los Angeles ‘2.0’
What next for Los Angeles? Angelenos can’t catch a break. Dangerous winds are expected to bear down on Southern California, putting homes and businesses from Ventura to San Diego County on high alert even as wildfires still rage around Los Angeles. The cost of rebuilding once the fires are finally out is sure to be…
Read MoreFu Yu IDs ‘surprised’ at EGM requisition by largest shareholder following his failed application to be a director
The independent directors reiterate that they do not have any control over the day-to-day operations of the company PRECISION plastic components manufacturer Fu Yu Corporation’s independent directors (IDs) Royston Tan and Christopher Huang were surprised that substantial shareholder Victor Lim has requisitioned for an extraordinary general meeting (EGM) to have them replaced, they said on…
Read MoreBMW sales slide after brake fault recall, China demand slump
BMW car sales slipped last year as a costly recall compounded a slump in demand in China that’s hit Germany’s automakers hard. Sales of the group’s cars, which also include the Mini and Rolls-Royce brands, dropped 4 per cent to 2.45 million vehicles in 2024, the company said on Monday (Jan 13). BMW walked back…
Read MoreBiden Administration Adopts Rules to Guide A.I.’s Global Spread
The Biden administration issued sweeping rules on Monday governing how A.I. chips and models can be shared with foreign countries, in an attempt to set up a global framework that will guide how artificial intelligence spreads around the world in the years to come. With the power of A.I. rapidly growing, the Biden administration said…
Read MoreOpenAI Courts Trump With Vision for ‘A.I. in America’
In December, Sam Altman, OpenAI’s chief executive, donated $1 million to President-elect Donald J. Trump’s inaugural fund, joining a number of other tech executives who are working to improve their relationships with Mr. Trump. Now, he and his company are laying out their vision for the development of artificial intelligence in the United States, hoping…
Read MoreTrump Could Frankly Learn a Lot From Denmark
I joke—a little. The Danish government does not set prices for prescription drugs. However, manufacturers do have to notify the Danish Medicines Agency of proposed price changes every 14 days. Also, by law, prescription drugs are sold for the same price at every pharmacy in the country. Oh, and this too—pharmaceutical manufacturers aren’t allowed to…
Read MoreSingPost’s fired CEO Vincent Phang resigns from board
Phang is one of three senior management staff terminated over a whistle-blower’s report related to SingPost’s international e-commerce logistics parcels business THE former group chief executive of Singapore Post (SingPost), Vincent Phang, has resigned from his role as a non-executive, non-independent director with effect from Sunday (Dec 12), the mainboard-listed group announced on Monday. This…
Read MoreSingapore stocks fall amid regional rout; STI down 0.3%
Analyst says strengthened greenback has created overhang in risk sentiment across Asia SINGAPORE stocks fell on Monday (Jan 13) as investors digested stronger-than-expected US employment numbers, which dimmed interest-rate-cut expectations. The Straits Times Index (STI) fell 0.3 per cent or 9.86 points to 3,791.70. Across the broader market, losers beat gainers 349 to 193, with…
Read MoreChina vehicle export growth to slow in 2025, association data shows
CHINA’S vehicle exports are expected to grow 5.8 per cent to 6.2 million units this year, cooling from a 19.3 per cent increase in 2024, data from the China Association of Automobile Manufacturers (CAAM) showed on Monday (Jan 13). A slowdown in estimated exports contrasts with a slight uptick forecast for vehicle sales in China…
Read MoreRegency Steel Asia chairman fined S$350,000 for false trading of Hiap Hoe, Hotel Grand Central shares
THE Monetary Authority of Singapore (MAS) imposed a civil penalty of S$350,000 on Gui Boon Sui for conducting false and unauthorised trading of shares in Hiap Hoe and Hotel Grand Central. Gui is currently listed as the chairman of Regency Steel Asia. The steel solution provider was formed in 2004, following the acquisition of…
Read MoreSmart glasses enter new era with sleeker designs, lower prices
PRODUCERS of hi-tech connected eyewear are multiplying their innovations with increasingly discreet models in an attempt to make a difference in a highly competitive – and fast-emerging – market. Live translation, GPS, cameras: glasses are quickly adopting new functionalities. “There are so many of these smart wearables, and more of them are going on your…
Read MoreChina’s central bank chief vows to supply ample liquidity
CHINA’S central bank chief said on Monday (Jan 13) the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and soften the impact of geopolitical uncertainties. Pan Gongsheng, governor of the People’s Bank of China (PBOC), said the central bank will apply various tools such as…
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