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Singapore's Temasek said Tuesday most of its investment capital will keep going into the U.S. with the state investment company focusing on the early adopters of AI among traditional industries in the country. Temasek, which did not give an exact breakdown of its exposure to U.S. assets, said Americas region constituted 22% of its portfolio. The firm, whose portfolio value rose by nearly 2% to $389 billion Singapore dollars ($288 billion) in its financial year ended March, added that it was cautious on the Chinese market. Overall, Temasek will maintain a cautious approach and will continue to monitor government policies in the world's second largest economy, the state investor said. Chinese assets made up 19% of Temasek's portfolio, down from 22% in the 2023 financial year.
Persons: Rohit Sipahimalani, Chia, Hwee Organizations: Singapore's Temasek, CNBC, Temasek, Singapore, Companies Locations: U.S, Americas, China
Li Shangfu hasn’t made a public appearance since late August and U.S. officials say the Chinese Defense Minister is being ousted from his post. Li is the latest of several senior Chinese officials to disappear without explanation. Photo: How Hwee Young/ShutterstockSINGAPORE—Tensions between the U.S. and Chinese militaries continue to simmer even as their leaders prepare for a likely summit in the coming weeks, a sign of the difficulties the two global powers face in managing one of the most sensitive aspects of their relationship. The discord occupied center stage this week at a security conference in Beijing, where a top Chinese general took veiled swipes at Washington’s foreign policy and military posture, characterizing them as grave threats to peace and stability around the world as wars rage in Ukraine and Gaza.
Persons: Li Shangfu hasn’t, Li, Hwee Organizations: Chinese Defense, U.S Locations: SINGAPORE, Beijing, Ukraine, Gaza
An office of TikTok, whose move could double or triple the number of subpar grades given this year, some managers say. Photo: how hwee young/ShutterstockSINGAPORE—TikTok is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs, people familiar with the matter said. In mid-October, managers were told by senior management and staff in human resources that they needed to assign more performance reviews at the lower end of the company’s bell-curve rating system, employees managing teams in the U.S., Singapore and China told The Wall Street Journal. This could double or triple the number of subpar grades given on some teams this year, the people said.
Organizations: SINGAPORE, Wall Street Locations: U.S, Singapore, China
An office of TikTok, whose move could double or triple the number of subpar grades given this year, some managers say. Photo: how hwee young/ShutterstockSINGAPORE—TikTok is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs, people familiar with the matter said. In mid-October, managers were told by senior management and staff in human resources that they needed to assign more performance reviews at the lower end of the company’s bell-curve rating system, employees managing teams in the U.S., Singapore and China told The Wall Street Journal. This could double or triple the number of subpar grades given on some teams this year, the people said.
Organizations: SINGAPORE, Wall Street Locations: U.S, Singapore, China
An office of TikTok, whose move could double or triple the number of subpar grades given this year, some managers say. Photo: how hwee young/ShutterstockSINGAPORE—TikTok is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs, people familiar with the matter said. In mid-October, managers were told by senior management and staff in human resources that they needed to assign more performance reviews at the lower end of the company’s bell-curve rating system, employees managing teams in the U.S., Singapore and China told The Wall Street Journal. This could double or triple the number of subpar grades given on some teams this year, the people said.
Organizations: SINGAPORE, Wall Street Locations: U.S, Singapore, China
China Strips Missing Defense Minister of Government Posts
  + stars: | 2023-10-24 | by ( Chun Han Wong | ) www.wsj.com   time to read: 1 min
Li Shangfu hasn’t made a public appearance since late August and U.S. officials say the Chinese Defense Minister is being ousted from his post. Li is the latest of several senior Chinese officials to disappear without explanation. Photo: How Hwee Young/ShutterstockSINGAPORE—China removed its defense minister just seven months after he took the job, the second time in three months that Chinese leader Xi Jinping abruptly axed a minister he had handpicked for his third-term government. Gen. Li Shangfu’s removal came eight weeks after his last public appearance, an absence that has fueled speculation about his fate and prompted Western officials to raise concerns about China’s increasingly opaque governance under Xi and the ruling Communist Party.
Persons: Li Shangfu hasn’t, Li, Hwee, Xi Jinping, Li Shangfu’s, Xi Organizations: Chinese Defense, Western, Communist Party Locations: SINGAPORE, China
China’s Defense Minister Being Removed From Post, U.S. Officials Say Li Shangfu hasn’t made a public appearance since late August and U.S. officials say the Chinese Defense Minister is being ousted from his post. Li is the latest of several senior Chinese officials to disappear without explanation. Photo: How Hwee Young/Shutterstock
Persons: Li Shangfu hasn’t, Li, Hwee Organizations: China’s Defense, U.S, Chinese Defense
“These factors have enabled some of their ASEAN rivals to step out into the spotlight.”ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region’s strong economic growth and increasing population, analysts say. Some Southeast Asia companies seeking listings in the U.S. look to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion, bankers said, without naming any firms. “International investors are seeing the value of portfolio diversification that Southeast Asia provides,” Tay added. The expected pickup in Southeast Asian listings, however, could get derailed by share volatility and stringent investor scrutiny, analysts say.
Persons: , Leif Schneider, Sunil Khaitan, Kelvin Teo, Andrew Lim, Tay Hwee Ling, ” Tay, Anuruk Karoonyavanich Organizations: Nasdaq, REUTERS, Gushcloud International, Sunday, Reuters, VNG Corp, ASEAN, Association of Southeast Asian Nations, Carsome, Southeast, Bank, America’s, , U.S ., , Companies, Deloitte, “ International, DBS Locations: SINGAPORE, SYDNEY, United States, New York City, U.S, Singapore, New York, Philippine, Washington, Beijing, Vietnam, Thailand, Malaysia, Asia, Indonesia, Southeast, Southeast Asia, China
ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region's strong economic growth and increasing population, analysts say. Some Southeast Asia companies seeking listings in the U.S. look to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion, bankers said, without naming any firms. "International investors are seeing the value of portfolio diversification that Southeast Asia provides," Tay added. The expected pickup in Southeast Asian listings, however, could get derailed by share volatility and stringent investor scrutiny, analysts say.
Persons: DoubleDragon, Leif Schneider, Sunil Khaitan, Kelvin Teo, Andrew Lim, Tay Hwee Ling, Tay, Anuruk Karoonyavanich, Yantoultra Ngui, Scott Murdoch, Sumeet Chatterjee, Miral Organizations: Nasdaq, REUTERS, U.S, IPOs, Gushcloud International, Sunday, Reuters, VNG Corp, ASEAN, Association of Southeast Asian Nations, Carsome, Southeast, Bank, America's, U.S ., Deloitte, International, DBS, Thomson Locations: New York City, U.S, Asia, SINGAPORE, SYDNEY, United States, Singapore, New York, Philippine, Washington, Beijing, Vietnam, Thailand, Malaysia, Indonesia, Southeast, Southeast Asia, China, Sydney
ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region's strong economic growth and increasing population, analysts say. Some Southeast Asia companies seeking listings in the U.S. look to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion, bankers said, without naming any firms. "International investors are seeing the value of portfolio diversification that Southeast Asia provides," Tay added. The expected pickup in Southeast Asian listings, however, could get derailed by share volatility and stringent investor scrutiny, analysts say.
Persons: DoubleDragon, Leif Schneider, Sunil Khaitan, Kelvin Teo, Andrew Lim, Tay Hwee Ling, Tay, Anuruk Karoonyavanich, Yantoultra Ngui, Scott Murdoch, Sumeet Chatterjee, Miral Organizations: Nasdaq, REUTERS, U.S, IPOs, Gushcloud International, Sunday, Reuters, VNG Corp, ASEAN, Association of Southeast Asian Nations, Carsome, Southeast, Bank, America's, U.S ., Deloitte, International, DBS, Thomson Locations: New York City, U.S, Asia, SINGAPORE, SYDNEY, United States, Singapore, New York, Philippine, Washington, Beijing, Vietnam, Thailand, Malaysia, Indonesia, Southeast, Southeast Asia, China, Sydney
Colombian artist Fernando Botero dies at 91
  + stars: | 2023-09-15 | by ( Stefano Pozzebon | Eyad Kourdi | ) edition.cnn.com   time to read: +4 min
CNN —Renowned Colombian artist Fernando Botero, celebrated for his iconic style featuring rotund figures used to convey political critique and satire, has died at the age of 91. The news of his death was confirmed by his daughter, Lina Botero, in an announcement made to various Colombian media outlets on Friday. PL Gould/Getty Images A Botero sculpture in Plaza Botero in Medellin, Colombia pictured on April 15, 2022. The exhibition, titled "Celebration," featured some 80 works by the Colombian artist spanning 60 years of his practise. Vincent West/Reuters "La Gorda Gertrudis," a Botero sculpture depicting a reclining nude woman, on display in Cartagena, Colombia.
Persons: Fernando Botero, Lina Botero, Mona Lisa, PL, Juan Barreto, Vincent West, Gilles Barbier, Luis Eduardo Noriega A, Shutterstock, Shannon Stapleton, Piero della Francesca, della Francesca, Duke, Urbino, Federico da Montefeltro, Battista Sforza, Hwee Young, Nicolas Maeterlinck, Barbara Sax, Juan Mabromata, Gustavo Petro, Damian Dovarganes, Daniel Quintero, Stefano Pozzebon Organizations: CNN —, PL Gould, Getty, Museo, Bellas Artes, Reuters, Museum of Antioquia, National Museum of, Buenos Aires Fine Arts Museum, Twitter, Bowers Museum Locations: Colombian, Botero, Medellin, Colombia, AFP, Bilbao, Spain, Cartagena , Colombia, New York, China, National Museum of China, Beijing, Mons, France, Berlin, Buenos Aires, Argentina, Medellín, Abu Ghraib, Iraq, Santa Ana , California, Bogota, Eyad
Soaring residential rents are weighing on Singapore’s bid to overtake Hong Kong as Asia’s premier financial hub. Photo: how hwee young/ShutterstockSINGAPORE—In February, five months before the lease was up on her Singapore condo, Sally Shoult asked her real-estate agent to delicately sound out the landlord about renewing. Then she braced for impact. “I’d been hearing horror stories,” says Mrs. Shoult, a 39-year-old freelance copywriter from the U.K. “I was of two minds about whether I should even ask.”
The Metropolis Where Rents Rise 60%, 75%, Even 100%
  + stars: | 2023-04-28 | by ( Feliz Solomon | ) www.wsj.com   time to read: 1 min
Soaring residential rents are weighing on Singapore’s bid to overtake Hong Kong as Asia’s premier financial hub. Photo: how hwee young/ShutterstockSINGAPORE—In February, five months before the lease was up on her Singapore condo, Sally Shoult asked her real-estate agent to delicately sound out the landlord about renewing. Then she braced for impact. “I’d been hearing horror stories,” says Mrs. Shoult, a 39-year-old freelance copywriter from the U.K. “I was of two minds about whether I should even ask.”
Total: 13