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☆ ‘The dynamics are different’: Singapore and Malaysia aim to finally crack economic integration with Johor special zone
▼ + stars: | 2024-10-29 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

The Johor BahruSingapore Rapid Transit System (RTS) Link under construction near the JB Sentral building in Johor Bahru, Malaysia, as of Tuesday, Sept. 24, 2024. Sharon Kuok started studying in Singapore when she was seven, commuting daily to and from her home in the southern Malaysian state capital of Johor Bahru. We picked JB [Johor Bahru] because that's where I am from and for its proximity to Singapore," she said. Already, many people from Singapore have started visiting the Malaysian state regularly to shop and to enjoy services from car repair to massages and haircuts. The number of Singaporeans visiting or relocating to Johor could increase in coming years when a rail link between Singapore and Johor Bahru is completed and the planned Johor-Singapore special economic zone (JS-SEZ) takes effect.

Persons: Sharon Kuok, She's, Kuok, Syuhada Organizations: Johor, Rapid, System, National University of Singapore, JB, Messe Berlin Asia, Singapore Locations: Johor Bahru, Malaysia, Singapore, Malaysian, Johor, Messe Berlin Asia Pacific

☆ Bomb threat hoaxes wreak havoc on India’s travel industry, days ahead of Diwali festival
▼ + stars: | 2024-10-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

One airline alone, the budget company IndiGo Airlines, received nearly 30 bomb threats in four days since Sunday, according to statements by the carrier. Bomb threat hoaxes aren’t a new phenomenon in India – several airports received similar threats in April and June this year. Millions of dollars lostEach bomb threat causes a ripple effect of disruptions, costing both airlines and passengers huge amounts of time and money, said Lazar. Authorities follow these steps “word for word” with every single threat, said aviation minister Naidu. “Passengers are going to be scared but those who need to fly will fly … so what’s going to happen if this havoc is created around Diwali?” Lazar said.

Persons: Sanjay Lazar, Hilmi Tunahan, ”, Kinjarapu Ram Mohan Naidu, Lazar, –, There’s, Naidu, “, ” Lazar, Prakash Singh, pranksters, we’ve Organizations: New, New Delhi CNN, IndiGo Airlines, Akasa Airlines, SpiceJet, Alliance Air, India, Air India, Passengers, Vistara Airlines, Getty Images Police, Twitter, Police, Civil Aviation, Authorities, Indira Gandhi International, Bloomberg, Getty, CNN, Ministry of Civil Aviation Locations: New Delhi, New York, Chicago, Singapore, “, India, Turkey, Germany, Erzurum, Anadolu, Mumbai

☆ Justice Department reaches $100 million settlement with two companies in Baltimore bridge collapse
▼ + stars: | 2024-10-24 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

CNN —The Justice Department has reached a settlement for more than $100 million with the two corporations that owned and operated the container ship that destroyed Baltimore’s Francis Scott Key Bridge in March. The payment stemming from Thursday’s settlement will go to the US Treasury and to the budgets of several federal agencies directly affected by the crash or involved in the response, the Justice Department said Thursday. It will not cover any damages for the reconstruction of the bridge, the department said. In its filing last month, the Justice Department said that the “tragedy was entirely avoidable,” pointing to alleged failures in the ship’s infrastructure. Prosecutors wrote that, instead of fixing longstanding problems with their electrical transformer, the companies “jury-rigged their ship” with makeshift braces that repeatedly broke.

Persons: Baltimore’s Francis Scott Key, Port, “, ” Benjamin Mizer, Department’s, Grace Ocean, Mizer, ”, Prosecutors, CNN’s Kaanita Iyer Organizations: CNN, The Justice Department, Baltimore’s Francis Scott Key Bridge, Grace Ocean Private Limited, Synergy Marine, FBI, Justice Department, US Treasury, Fort McHenry, Synergy, Prosecutors, Coast Guard Locations: Baltimore, Port

Matthew is serving a 7-year prison sentence in Singapore's Changi Prison for trafficking meth. Officials from the Singapore Prison Service say they encourage guards to think of themselves as “Captains of Life,” helping rehabilitate the prison population. Officials did not allow CNN to visit Institution A1, where more than 40 death row inmates await the same fate. Before each execution, authorities organize a professional photo shoot in which inmates trade their prison uniforms for civilian clothes. Hong Kong’s population is around 25% larger than Singapore’s, and it does not impose the death penalty for drug offenses.

Persons: Matthew, “, ”, Tom Booth, ” Shanmugam, Shanmugam, Rebecca Wright, ” Matthew, Steve Jobs, Nelson Mandela, Reuben Leong, –, Halinda binte Ismail, Halinda, Muhammed Izwan bin, ” Halinda, ’, Kirsten Han, Nazira, you’ve Organizations: Singapore CNN —, CNN, Changi, Singapore, Singapore’s, Home Affairs and Law, Visitors, Action Party, Home Affairs Ministry, Home Affairs, CNN Singapore, United Nations Office, Drugs, CNN Authorities, Singapore Prison Service Locations: Singapore, Canada, Portugal, Iran, North Korea, Saudi Arabia, Asia, Thailand, Laos, Myanmar, Scandinavian, mealtimes, United States, Australia, European, Hong Kong, British, –

☆ Chick-fil-A is cooking up a $75 million plan for chicken domination in Asia — starting with Singapore
▼ + stars: | 2024-10-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

The fast-food chain said it plans to invest $75 million in Singapore over 10 years. AdvertisementChick-fil-A has announced plans for a restaurant in Asia, set to open in Singapore in late 2025. In a press release on Thursday, the fast-food chain said the restaurant's opening is part of a 10-year-long, $75 million investment into Singapore. The brand is also accepting Singaporean applications to be the island's "first independent Chick-fil-A franchise Owner-Operator." And the average Chick-fil-A franchise made $9.4 million in sales that year.

Persons: Tim Hortons, —, Anita Costello, Chick Organizations: Singapore —, Shake, Service, Business, Airport, Channel News Asia Locations: Singapore, Asia, Europe, Singapore's, Jewel

☆ Hoax bomb threats to Indian airlines force emergency landing in Canada and fighter jets to scramble in Singapore
▼ + stars: | 2024-10-16 | by ( Helen Regan | Lex Harvey | ) edition.cnn.com time to read: +4 min

CNN —Twin bomb threats hit Indian airliners on opposite sides of the globe on Tuesday, forcing an emergency landing in the Arctic and fighter jets to scramble in Asia – the latest in a series of similar hoax scares for the country’s airlines. On Tuesday, an Air India flight from New Delhi to Chicago made an emergency landing in Iqaluit, Canada’s northernmost city. Air India flight 127 was the “subject of a security threat posted online” and diverted “as a precautionary measure,” the airline said. Multiple flights by Indian carriers have been delayed or diverted due to false bomb threats since Monday. The Air India emergency landing in Canada comes as tensions rise between the two countries after Canada expelled six Indian diplomats, including the high commissioner, on Monday.

Persons: AXB684, Ng Eng Hen, Ng, SpiceJet, “, ” SpiceJet Organizations: CNN, Air India, Air, Air Force, Air India Express, IndiGo, Mumbai, India’s Ministry of Civil Aviation, Civil Aviation Security, Civil Aviation, Canada, Sikh Locations: Asia, New Delhi, Air India, Chicago, Iqaluit, Canada’s, “, Singapore, Indian, Madurai, Mumbai, New York, Delhi, Oman, Saudi Arabia, Darbhanga, India’s, Canada, India, Air, Montreal, Ireland

☆ Singaporeans are used to paying less than $5 for a meal. This 30-year-old chef charges double, and diners keep coming.
▼ + stars: | 2024-10-14 | by ( Erin Liam | ) www.businessinsider.com time to read: +9 min

She went on to open a hawker stall selling prawn noodles, which later expanded into a casual eatery. When Dave Pynt, the chef-owner of Australian-inspired barbecue restaurant Burnt Ends, visited her school for a guest lecture on wood-fire cooking, she was intrigued. Shifting the focus to local cuisineA bowl of prawn noodles costs between SG$14 to SG$20 at Zhup Zhup. A hawker stall seemed like the perfect sandbox to test her ideas without spending a lot on overhead costs. The challenges of running a hawker businessThree years in, the hawker stall had just managed to earn back its capital.

Persons: Gwyneth Ang, Ang, —, she's, Erin Liam, Dave Pynt, hawker, Erin Liam So, pao, Darren Ang, Pynt, Erin Liam Singapore's, Teo Kay Key, Cherry Tan, Shanice Lim, nasi, Lim Organizations: Michelin, Service, Business, Culinary Institute of America, hawker, Department of Statistics, Institute of Policy Studies, National University of Singapore, Singapore Airlines Locations: Singapore, New Bahru, hawker, Macpherson, Pynt

☆ He flies business and first class multiple times a year — all on credit card points
▼ + stars: | 2024-10-10 | by ( Lim Hui Jie | Jan Camenzind Broomby | ) www.cnbc.com time to read: +4 min

A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. A business class ticket jumps to SG$6,300, and a first-class ticket just over SG$13,000. Aaron Wong, who flies first and business class when he travels, says: "You don't need to be rich to enjoy such things." However, it's not as simple as just picking up any mile-earning credit card and spending a bunch of money, he said. For example, in Singapore, points earned on DBS credit cards can be combined, but credit cards from Citibank Singapore don't work that way.

Persons: —, Aaron Wong, Wong, it's, Miles Organizations: Singapore Airlines —, Singapore Airlines, Singapore Changi, Cape Town, DBS, Citibank Singapore don't Locations: Singapore, London, Tokyo Haneda, Perth, Cape

☆ She explores the world ‘until it’s ugly.’ The internet is obsessed
▼ + stars: | 2024-10-09 | by ( Francesca Street | ) edition.cnn.com time to read: +10 min

She doesn’t talk much – other than to declare what she sees “not ugly” or “ugly.” Her eyes widen and her forehead furrows depending on what she sees. Her Google Earth videos were born out of her desire to explore the globe, within the constraints of her lifestyle as a Londoner in her early 20s. Exploring the globeGupta posted her first “exploring every country until it’s ugly” video this past summer, on her TikTok and Instagram. (She goes by @natooooooosh on both platforms)Pretty quickly, Gupta’s videos were inundated with likes, views and comments. Natasha GuptaThe idea of exploring the world via Google Earth or Google Street View in the name of art and/or internet content – isn’t new.

Persons: Natasha Gupta, Gupta, ”, It’s, Gupta’s, “, ” Gupta, –, Jay Fujiwara, – Gupta, “ I’m, she’s, you’re, She’s, Natasha Gupta Gupta, “ It’s, London . Gupta, ’ Organizations: CNN, Google Locations: France, Philippines, Japan, England, London, Australia, Italy, New York, Ohio, Bulgaria, Poland, Milan

☆ Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Oversea-Chinese Banking Corp will stop processing Russian transactions in November, Bloomberg reported. The Singaporean bank is following lenders in China, which have largely pulled back from Russia. AdvertisementAnother bank has turned its back on Russia as lenders grow worried about doing business with Moscow under threat of Western sanctions. The changes come as more lenders grow hesitant about doing deals with Russian clients after the West threatened to impose secondary sanctions on firms doing business in the country. A Russian state media outlet reported that nearly all Chinese banks have stopped processing payments from Russia out of fear of being targeted.

Persons: —, Oversea, hasn't Organizations: Chinese Banking Corp, Bloomberg, Service, Banking Corp, Business Locations: Russia, China, Moscow, Singapore, Russian

☆ ‘Hotel in nature’: Inside the world’s best new skyscraper
▼ + stars: | 2024-10-06 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

This is Singapore’s Pan Pacific Orchard, which has just been named the world’s best new tall building by the Council on Tall Buildings and Urban Habitat (CTBUH). Video Ad Feedback Watch: Take a look inside Pan Pacific Orchard. In some areas, Singapore’s strict building codes even require property developers to include large amounts of greenery when constructing new towers. Combined, the green spaces at Pan Pacific Orchard amount to around three times more than this legal minimum. “Pan Pacific Orchard represents the best in responsible vertical urbanism today,” said CTBUH’s CEO, Javier Quintana de Uña, in a statement.

Persons: Darren Soh, ”, Hong Wei, Phua, Singapore’s, Lee Kuan Yew, Marc Tan, Mun Summ Wong, 3XN, Javier Quintana de Uña Organizations: Singapore CNN, CNN, UOL Group, Pan, ”, Vanderbilt Locations: Singapore, Pacific, WOHA, Orchard, ”, Pacific Orchard, New York City

☆ Former Singapore minister is jailed for a year for receiving gifts in landmark case
▼ + stars: | 2024-10-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

SINGAPORE — A Singapore court on Thursday sentenced a former minister to 12 months in prison for obstructing justice and receiving more than $300,000 worth of gifts, in the first jailing of a former cabinet member in a city-state famous for its clean governance. In a statement posted on the prime minister’s office website, Prime Minister Lawrence Wong said he was disappointed and saddened by the case. The case has shocked Singapore, which prides itself on its well-paid and efficient bureaucracy as well as strong and squeaky-clean governance. According to the prosecution, the value of the gifts Iswaran received totaled more than 400,000 Singapore dollars ($308,500). The former minister faced a total of 35 charges, two of which were corruption-related but were later amended to charges of receiving gifts while a public servant.

Persons: Iswaran, Lawrence Wong, ”, Wong, Ong Beng Seng, Ong, Vincent Hoong Organizations: English Premier League soccer, Singapore Locations: SINGAPORE, Singapore

☆ Singapore's disgraced former transport minister jailed for 12 months in landmark case
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +1 min

Former transport minister S. Iswaran walks as he appears at the Supreme Court in Singapore October 3, 2024. The court said Iswaran, 62, would be allowed to remain on bail for the next few days and begin his jail term on Monday. The case has shocked Singapore, which prides itself on having a well-paid and efficient bureaucracy as well as strong and squeaky clean governance. It was among the world's top five least corrupt countries last year, according to Transparency International's corruption perception index. The last corruption case involving a Singaporean minister was in 1986, when its national development minister was investigated for alleged bribery but died before any charges were filed in court.

Persons: Iswaran Locations: Singapore

☆ Singapore’s ex-minister S. Iswaran sentenced to jail in rare corruption case for squeaky clean country
▼ + stars: | 2024-10-02 | by ( ) edition.cnn.com time to read: +2 min

S. Iswaran, who was a cabinet member for 13 years and has held the trade, communications and transport portfolios, had pleaded guilty to four counts of improperly receiving gifts and one of obstructing justice. The court said Iswaran, 62, would be allowed to remain on bail for the next few days and begin his jail term on Monday. The case has shocked Singapore, which prides itself on having a well-paid and efficient bureaucracy as well as strong and squeaky clean governance. Iswaran resigned as transport minister after less than three years in the job when he was first charged in January. The prosecution had initially charged him with 35 offenses but proceeded with only five.

Persons: Iswaran Organizations: Singapore Reuters —, English Premier League soccer Locations: Singapore

☆ Meet the Hong Kong billionaires behind some of the world's glitziest hotels — and the generation who could inherit the empire
▼ + stars: | 2024-09-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Sonia runs the family's hotel business, turning it into a sprawling collection of resorts and luxury locations. Sonia Cheng, pictured left, is the head of the Rosewood Hotel Group, which owns 51 hotels and is planning more than two dozen others. With Sonia at the helm, Rosewood has since expanded into a global powerhouse for luxury hotels, with 34 locations and another 24 on the way. Rosewood's Hong Kong property ranked second on the World's 50 Best Hotels' 2023 list, with two other hotels in São Paulo and Paris earning spots as well. He's the founder of Altaya Group, a wine wholesaler, and the boutique restaurant company Classified Group, which runs five locations.

Persons: Sonia, Sonia Cheng, Carlyle, Pascal Le Segretain, Thomas Iannaccone, Morgan Stanley, Warburg Pincus, Maritz, It's, Henry, Paulo Pong Kin, Yee Organizations: Rosewood, Group, Fashion, Penske Media, Getty, Harvard University, Warburg, CNBC, Rosewood Hotel Group, Rosewood Corp, Wolff, Channel News Asia, Paris, Altaya Locations: New York City, Rosewood, Manhattan, China, Beijing, Sanya, Shanghai, Shenzhen, Hong Kong, São Paulo, Hong

☆ Ex-minister Iswaran pleads guilty in graft case that has gripped Singapore
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +2 min

Singapore's former transport minister S. Iswaran arrives at the Supreme Court in Singapore September 24, 2024. The case has gripped the wealthy city-state which prides itself on having a well-paid and efficient bureaucracy as well as strong governance. Iswaran, who joined the cabinet in 2006, is the first Singaporean minister to be tried in court. Singapore's former Transport Minister S. Iswaran has pleaded guilty to receiving gifts while in office, local media reported, as proceedings began on Tuesday in a rare graft trial involving a state official in this Asian financial hub. The last corruption case involving a Singaporean minister was in 1986, when the national development minister was investigated for allegedly accepting bribes.

Persons: Iswaran, Ong Beng Seng, Ong, NewsAsia Organizations: Prosecutors, CNA, English Premier League soccer, Singapore Locations: Singapore

Read previewThe new AI iPhone is officially available in Apple stores, hitting shelves in almost 60 countries around the world on Friday. The iPhone 16 is the first phone to launch in Apple's new era of artificial intelligence. Although the iPhone 16 won't come straight out of the box with Apple Intelligence, it's one of only two iPhone generations that's compatible with the software. They had pre-ordered the iPhone 16 for themselves and their friends. AdvertisementQueues outside Apple store in Singapore 1 hour into store opening.

Persons: —, there's, Shubhangi Goel, Apple Organizations: Service, Apple, Apple Intelligence, Business, Control, BI, Orchard, Samsung, Huawei, Apple Watch, Lines, Regent, Apple's Regent Locations: Orchard, Singapore, Vietnam, Sri Lanka, India, London, Apple's, Covent Garden, Covent, Europe, Mumbai, Hangzhou, China

☆ Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store
▼ + stars: | 2024-09-13 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +3 min

In this article BABA Follow your favorite stocks CREATE FREE ACCOUNTThe logo of Alibaba's e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. Reuters | Florence LoSingapore — Chinese e-commerce giant Alibaba 's Taobao shopping app topped the Apple App Store charts in Singapore after releasing an English version on Tuesday — thanks to translations powered by artificial intelligence. That's according to Sensor Tower, a market intelligence firm whose data shows Taobao shot to first place in Apple's Singapore App Store across all categories, as of Sept. 11. As early as last year, Singaporean Taobao users had previously made guides on how to purchase clothes, furniture and lifestyle items from Taobao. These video guides were posted on the ByteDance-owned TikTok platform, another Chinese app.

Persons: Florence Lo, Alibaba, Bain, David Zehner Organizations: Reuters, Company, Asia, South Korean, Bain, CNBC Locations: Florence, Florence Lo Singapore, Singapore, Apple's Singapore, China, AliExpress, Malaysia, Asia Pacific, Singapore's

☆ After 9 rejections, she landed her dream job as a Singapore Airlines flight attendant. Six years later, she quit to open a hawker stall.
▼ + stars: | 2024-09-10 | by ( Erin Liam | ) www.businessinsider.com time to read: +8 min

But the dream of becoming a flight attendant never went away, and she continued to apply after graduation. Tan applied to be a flight attendant on Singapore Airlines 10 times. Flying began to feel mundane, and she was uncertain about the job stability and career progression of being a flight attendant, she said. As a flight attendant, Tan got around a day off after working for two or three days a week. AdvertisementNo easy business to break intoThe hawker business is challenging to succeed in.

Persons: —, Cherry Tan, Tan, Duncan Hsu, Hsu, Erin Liam, KF, Hawker, " Tan, I'm, Tan doesn't, hawkers Organizations: Service, Singapore Airlines, Singapore Institute of Technology, Business, Urban, Factory, UNESCO, Intangible, Heritage, National Environment Locations: Singapore, Taiwan, Urban Hawker, New York City, hawker, India

☆ Singaporean man ordered to repay tens of millions in debt to Australian casino
▼ + stars: | 2024-09-10 | by ( Lex Harvey | ) edition.cnn.com time to read: +2 min

CNN —A Singaporean man has been ordered to repay more than 38 million Australian dollars ($25.7 million) after he lost big during a gambling spree at an Australian casino over the span of a few days. Queensland’s Supreme Court ruled Monday that Yew Choy Wong owed that amount to the Star Gold Coast, as well as the casino’s legal fees and interest. He had racked up losses of 47.3 million Australian dollars ($31.5 million) there between July 26 and August 2, 2018. Star Entertainment, which owns the Gold Coast casino, declined to comment on the case. The casino also paid Wong hundreds of thousands of dollars in goodwill payments following his complaints, the ruling said.

Persons: CNN —, Yew Choy Wong, Wong, Paul Arbuckle, Arbuckle, ” Wong, Melanie Hindman, “, Dr Wong, ” Organizations: CNN, Queensland’s, Star, Star Sydney, Star Entertainment, Gold Coast Locations: Star Gold, Singapore, Queensland

☆ I stayed in a $290-a-night tiny home on an island 5 miles from Singapore. It was smaller than a parking space.
▼ + stars: | 2024-09-09 | by ( Erin Liam | ) www.businessinsider.com time to read: +10 min

During my three-day visit in August, I stayed at a tiny home by Tiny Away for one night. AdvertisementLaunched by a Singaporean tiny home startup called Big Tiny in May 2023, Tiny Away features five tiny houses that measure around 139 square feet each — or slightly smaller than an average parking space. Tiny Away is currently the only option for those who want to try tiny house living without going abroad. For one, there's a glamping resort on Lazarus Island that offers stays for a similar price to Tiny Away. But Tiny Away strikes me as ideal for guests looking for some solitude or a chance to experience the city-state minus all the high rises.

Persons: —, I'd, Tiny, Adrian Chia, Big Tiny, Erin Liam, Chia, cocker, Lazarus, Prudence Lai Organizations: Service, Business Locations: Singapore, New York City, Lazarus, Southern, Sentosa, Singapore's

☆ India and Singapore agree to cooperate on chips as countries seek to strengthen partnership
▼ + stars: | 2024-09-05 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

The announcement comes during Indian Prime Minister Narendra Modi's two-day visit to the Lion City, which began Wednesday following a trip to Brunei. The next phase of the Singapore-India partnership is very promising," Singapore Deputy Prime Minister Heng Swee Keat said at the Singapore-India Forum organized by the Singapore-India Partnership Foundation, Institute of South Asian Studies and the Singapore Business Federation. "Singapore, India and the rest of Asia must continue to strengthen on economic connectivity and integration, to allow for capital, ideas and talent to find their optimal uses," he said. We want to create a bunch of Singapores in India," Modi said in a meeting with Wong. watch nowOn Wednesday, Modi and Singapore's Prime Minister Lawrence Wong visited Singaporean semiconductor and electronics company AEM, signaling their intent to increase cooperation in chips.

Persons: Narendra Modi, Brunei Sultan Hassanal, Dean Kassim, Narendra Modi's, Heng Swee Keat, Modi, Wong, Lawrence Wong, Heng, Ajit Doval, It's, Anit Mukherjee Organizations: India's, Istana Nurul, Afp, Getty, SINGAPORE —, Indian, Lion, Singapore -, India Partnership Foundation, Institute of South Asian Studies, Singapore Business Federation, U.S, International Monetary Fund, Singapore's, National, Imports, CNBC, Modi's, King's College London, Economic, Board Locations: Brunei Sultan, Istana Nurul Iman, Bandar Seri Begawan, SINGAPORE, SINGAPORE — India, Singapore, Brunei, India, Singapore - India, Asia, —, China, Germany, Japan

☆ He won gold for the Philippines. Then the gifts started pouring in — including a $600,000 condo and a lifetime supply of ramen.
▼ + stars: | 2024-08-07 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

These freebies are in addition to the Philippine House of Representatives' cash incentive of 3 million Philippine pesos granted to all gold medalists. In the US, gold medalists take home $37,500. Hong Kong — which offers the highest bonus — awards 6 million Hong Kong dollars, or about $768,000, to its gold medalists, per CNBC. AdvertisementCorrection: August 7, 2024 — An earlier version of this story misdescribed Hong Kong. It's 6 million Hong Kong dollars, not 600,000 Hong Kong dollars.

Persons: —, Carlos Yulo, freebies, Yulo, Megaworld, Virgil Lo, Bucket, Marcus Luer, Luer, James Crane, Buchwald, Joseph Schooling, Nestlé's Milo, Yakult, Hugo Boss, it's Organizations: Service, Olympics, Paris, McKinley, Business, Apollo Home Depot, Philippine, Hong, CNBC, Total Sports Asia, Olympic Games Locations: Megaworld, Taguig, Manila, Hong Kong, Singapore, Philippines, China

☆ AI won't kill your computer science degree, professors say
▼ + stars: | 2024-08-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewGetting a computer science degree used to be a stable path for any college student looking to secure a tech job right after graduation. And if that wasn't enough, computer science majors don't just have to compete amongst themselves, they need to watch out for AI too. Computer science professors that BI spoke to said that earning a degree in the field is just as, if not more, valuable in the age of AI. Related storiesThis, Kan said, is because computer science isn't so much about coding as it is an approach to solving problems. AdvertisementDavid Malan, a computer science professor at Harvard, told BI that AI won't displace software engineers in the near term and would instead amplify their productivity.

Persons: —, Aditya Swami, Hatcher, Kan Min Yen, Kan, David Malan, Malan, Adrian Goh Organizations: Service, Big Tech, Business, National University of Singapore, Harvard, Engineers, Software Locations: Asia

☆ One of Singapore's flashiest CEOs was planning to throw a Tomorrowland-style party for the books. Then the mirage started to fall apart.
▼ + stars: | 2024-08-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Besides making his own K-pop music video, Yong starred in the Netflix series "Super Rich in Korea." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The 37-year-old businessman, lawyer, and K-pop enthusiast grabbed headlines when he appeared as a cast member in the Netflix series "Super Rich in Korea."

Persons: David Yong, Yong, — Organizations: Netflix, Service, Evergreen Group, The Straits Times, Business Locations: Singapore, Korea

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