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☆ Delivery Hero says it hit 2023 sales growth targets in early results after 26% stock plunge
▼ + stars: | 2024-02-05 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Delivery Hero said the results were driven by healthy order growth in many of its geographies. Most notably, Delivery Hero also gave some rosy guidance for 2024, with the delivery company forecasting group GMV growth of 7-9% for the year, higher than its performance in 2023. Delivery Hero said it would publish additional preliminary numbers for the fourth quarter in a trading update slated for Feb. 14, when it was originally due to report numbers. Delivery Hero is one of the largest food delivery services globally with more 2.2 billion users.

Persons: Niklas Östberg, Britain's Deliveroo Organizations: Noah, Analysts Locations: Berlin, Indonesia

☆ ASEAN launches guide for governing AI, but experts say there are challenges
▼ + stars: | 2024-02-02 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Close up of woman's hand touching illuminated and multi-coloured LED display screen, connecting to the future. People, lifestyle and technologyThe Association of Southeast Asian Nations on Friday published a framework for artificial intelligence governance, but experts say member states being at "different stages of digital development" could pose a challenge. "The guide seeks to establish common principles for trustworthy AI and suggest best practices for how to implement trustworthy AI in ASEAN," said Singapore's Ministry of Communications and Information. Singapore is hosting the 4th ASEAN Digital Ministers' Meeting from Feb. 1-2 to discuss emerging digital issues including AI and cyber scams. Kristina Fong, lead researcher for economic affairs at ASEAN Studies Centre, said "the light-touch, flexible approach" to managing AI risks with the guide is a "reflection of the challenges posed by the development gaps between ASEAN member states."

Persons: Kristina Fong, Fong Organizations: of Southeast Asian Nations, ASEAN, Singapore's Ministry of Communications, Information, ASEAN Digital Ministers, ASEAN Studies Centre Locations: Singapore

☆ Your next plane ride could be powered by used cooking oil. Here's how a refinery in Singapore is already helping to make it happen.
▼ + stars: | 2024-02-02 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Sustainable aviation fuel is an alternative to fossil-based jet fuel made from refining used cooking oil and waste animal fats. Further expansion efforts happening at Neste's renewable refinery in The Netherlands are anticipated to boost capacity to a whopping 2.2 million tons by 2026. The results indicated the company's readiness to incorporate renewable fuel into its fuel mix. The Association of Asia-Pacific Airlines (AAPA), comprising 14 member airlines, including Singapore Airlines, pledged to use up to 5% SAF by 2030. In 2024, Singapore plans to launch the Singapore Sustainable Hub Blueprint, aiming to bolster the market for SAF.

Persons: Kris LeBoutillier, he's, Sami Jauhiainen, Jauhiainen, Neste Organizations: SAF, Virgin, Neste, Aviation, Renewable Aviation, Research, ASTM, Jauhiainen, Innovation, Singapore Airlines, United Airlines, Air France, KLM, All Nippon Airways, The Association of Asia, Pacific Airlines, Insider Studios, Singapore Economic Development Board Locations: Finland, Singapore, Asia, London, New York City, Emirates, Tuas, Buffalo, Netherlands, Changi, Neste

☆ Asset management firm explains what's behind listing of Singapore's first AI-powered ETF
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsset management firm explains what's behind listing of Singapore's first AI-powered ETFAi Ling Ong of Lion Global Investors says the Lion-Nomura Japan Active ETF is the "first active ETF, also the first AI-powered ETF in Singapore, and also the only Japan-focused ETF listed in Singapore."

Persons: Ling Ong Organizations: Lion Global Investors, Nomura Japan Locations: Singapore, Japan

☆ OUE commercial real estate portfolio should still see growth this year
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOUE REIT's commercial real estate portfolio in Singapore should still see some growth this year: CEOHan Khim Siew, CEO of OUE REIT says that while the commercial real estate market might be struggling globally, "Grade-A" offices in Singapore's CBD will continue to do well.

Persons: Han Khim Siew, OUE REIT Locations: Singapore, Singapore's

☆ Our base case is for Singapore's central bank to start easing policy in April at the earliest: HSBC
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur base case is for Singapore's central bank to start easing policy in April at the earliest: HSBCYun Liu, ASEAN economist at HSBC, says there are "quite a lot of risks" that could push that decision to later in the year, and one of them is core inflation.

Persons: HSBC Yun Liu Organizations: HSBC Locations: ASEAN

☆ Singapore's central bank leaves policy unchanged in first quarterly meeting of 2024
▼ + stars: | 2024-01-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty ImagesSingapore's central bank left its policy unchanged on Monday in its first quarterly monetary policy decision of 2024, as expected. The central bank strengthens or weakens its currency against those of its main trading partners, thus effectively setting the S$NEER. The central bank estimates core inflation to average between 2.5% and 3.5% in 2024, unchanged from its October forecast. Economists will monitor for clues on when Singapore's central bank will begin to loosen monetary policy. Singapore's central bank ended its policy tightening cycle in April after five consecutive decisions to tighten.

Persons: Lionel Ng, Goldman Sachs, Yun Liu, CNBC's, Liu Organizations: Bloomberg, Getty, Monetary Authority, Singapore, MAS, U.S . Federal Reserve Locations: Singapore, Central, ASEAN

☆ Why Singapore is so attractive to business leaders looking to make a real difference in their careers, lives, and the world
▼ + stars: | 2024-01-19 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

This article is part of our "Business for Good" series spotlighting business leaders and companies that are driving meaningful changes from Singapore. Currently based in Singapore, he's serving as our trusted resource for the innovative projects unfolding in one of the world's most advanced and progressive business hubs. The city-state's government is nimble and efficient; the business atmosphere is open and collegial; and the quality of life is unparalleled. NesteSingapore is considered a global business hub thanks to its great sea and air connectivity, developed infrastructure, stable political and regulatory environment, and skilled workforce. Bartholomeusz shares my appreciation for Singapore's public safety.

Persons: Kris LeBoutillier, he's, It's, Steven Bartholomeusz, APAC, it's, José Pedro Borges, Borges, Maya Hari, — Hari, Hari, Terrascope Organizations: EDP Renewables, APAC, Cisco, Google, Microsoft, José Pedro Borges Companies, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, Thailand, Indonesia, New York City, Neste, Neste Singapore, Lisbon, EDPR

☆ Here's how Singapore Airlines airlifted a giant panda cub and sent it on its journey home to China
▼ + stars: | 2024-01-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Singapore's first giant panda cub, Le Le, traveled to China on Tuesday. AdvertisementSingapore Airlines was given a monumental task in January: They were put in charge of sending Le Le, a 2.5-year-old giant panda cub, to China. Born in August 2021, Le Le was Singapore's first giant panda cub. Le Le, however, has to be separated from his parents. The giant panda cub was also served a special in-flight meal during his journey — bamboo, bamboo shoots, fruit, pellets, and water.

Persons: Le Le, Le, —, Kai Kai, Jia Jia, Gajandran Sokayan, Riding, Le didn't Organizations: Singapore Airlines, Service, Mandai, Boeing, Cargo, SIA, China Conservation and Research Center Locations: China, Singapore

☆ Singapore transport minister S Iswaran charged with corruption
▼ + stars: | 2024-01-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

S. Iswaran, Singapore's minister for transport, speaks to members of the media during a tour of Changi Airport in Singapore, on Wednesday, March 30, 2022. Starting April 1, Singapore will scrap its so-called vaccinated travel lanes and admit all vaccinated travelers who test negative before entering Singapore by air or sea and they will be exempted from quarantine or testing on arrival. Photographer: Ore Huiying/Bloomberg via Getty ImagesSingapore's transport minister S Iswaran has been handed 27 charges following a months long probe by the country's anti graft agency, local media have reported. The minister had 24 charges of obtaining gratification as a public servant, two charges of corruption and one charge of obstructing the course of justice. On Jan. 9, Singapore's education minister Chan Chun Sing said in a parliamentary reply that a probe by Singapore's Corrupt Practices Investigation Bureau had been completed and the case was being reviewed by the country's Attorney-General's Chambers.

Persons: Iswaran, Chan Chun Sing, General's Chambers Organizations: Changi Airport, Bloomberg, Getty, Singapore's, country's Locations: Singapore

☆ The asset management business is built on momentum, says Singapore's Keppel
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe asset management business is built on momentum, says Singapore's KeppelLoh Chin Hua, CEO of Keppel, explains to CNBC's Christine Tan the conglomerate's vision of becoming a global asset manager.

Persons: Singapore's Keppel Loh Chin Hua, Keppel, CNBC's Christine Tan

☆ From livestreaming to 'shoppertainment,' Gen Zers lead the way in Singapore's online shopping space
▼ + stars: | 2024-01-15 | by ( Audrey Wan | ) www.cnbc.com time to read: +5 min

Logos of online social media and social networking sites displayed on a smartphone screen on August 01, 2023 in Bath, England. Many social media sites have introduced e-commerce features on their platforms, providing an alternative to popular online shopping sites like Lazada and Shopee. For example, users can purchase directly from TikTok shop or Facebook Marketplace without navigating outside of the application. Creators promoting products can also appeal to Gen Zers' preference for credibility by using livestreaming functions on social media platforms. As Gen Zers are digitally savvy, they rely a lot on social media nano-influencers to guide their purchasing decisions, he said.

Persons: Matt Cardy, Zers, Gen Zers, TikTok, Lawrence Loh, Tracy Loh, Wu Zu, Wu, Loh, millennials, Gen, SMU's Loh, Cristiano Ronaldo, Gen Zs Organizations: Getty, SINGAPORE, Meta, Bain & Company, Research, Social, Facebook, National University of Singapore's, Business, Singapore Management University, SMU, NUS, National University of Singapore Business, CNBC Locations: Bath, England, Singapore, Zers, Southeast Asia

☆ I grew up always wanting to drive my own car. But I'm from the world's most expensive city to live in, and now I know I never will.
▼ + stars: | 2024-01-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car. These BMW family cars cost around $103,000 in 2017. COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available. On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market. Meanwhile, while unpopular, Singapore's COE prices are working for now.

Persons: —, Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo Organizations: Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times Locations: Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur

☆ I moved to Singapore for my boyfriend and landed what I thought was my dream job. Then everything fell apart.
▼ + stars: | 2024-01-12 | by ( Kaila Yu | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. When my ex-boyfriend was offered a job in Singapore in 2018, I moved with him to pursue my dream of living outside Australia. I had a tourist visa at first and started looking for a PR position as soon as I arrived. I quit what I thought was my dream job, but it wasn't the right fit for me. AdvertisementNow, I run my own public-relations companySince returning to Australia, I've started my own business.

Persons: —, Miriam Deliva, I'd, you'd, I've Organizations: Service, Business, Singapore Locations: Melbourne, Australia, Singapore, Asia, expats

☆ Generative AI is booming in the legal industry. Here's an exclusive look at the pitch deck Robin AI used to raise $26 million from investors like Singapore's Temasek.
▼ + stars: | 2024-01-10 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup Robin AI, recently closed its Series B funding round, which Singapore investment company Temasek led. Headquartered in London, Robin uses Anthropic's latest large language model, Claude 2.1, and offers an "AI co-pilot" to help lawyers draft and revise contracts. The startup raised a $10.5 million Series A in January 2023 and a $2.5 million seed round in 2021. Although funding for legal tech startups fell in 2023, according to Crunchbase, a handful of startups have raised new rounds of cash. Check out the eight-slide pitch deck Robin used to raise its $26 million Series B funding round.

Persons: Robin, Claude 2.1, Richard Robinson, Robinson, Darrow Organizations: Business, Temasek, AFG Partners, Google Locations: Singapore, London, what's, Asia

☆ Indonesians head to the polls in February. Here are key issues dominating the elections
▼ + stars: | 2024-01-04 | by ( Randy Mulyanto | ) www.cnbc.com time to read: +6 min

Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period in February 2024. The world's third-largest democracy will open its polls to over 204 million eligible voters casting their ballots, according to its General Elections Commission. While having greater opposition representation in Indonesia's parliament could raise the bar for passing such laws, Titi said there's still a very high barrier to entry for the candidacy process. According to Freedom House's Freedom in the World 2023 report, Indonesia ranked "partly free," scoring 58 out of 100. But for some Indonesians, the cozier relationship has also sparked debt-trap fears and concerns about an influx of Chinese workers.

Persons: Anies Baswedan, Prabowo Subianto, Ganjar, Aditya Irawan, Joko, Widodo, Gibran Rakabuming Raka, Muhaimin Iskandar, Ganjar Pranowo, Prabowo, Gibran, Anies, Titi Anggraini, Titi, there's, Indonesia's, Singapore's ISEAS — Yusof, Lina Alexandra Organizations: Nurphoto, Getty, JAKARTA —, Commission, Solo, National Awakening Party, Central Java, Politik, Nusantara, Association for Elections, Democracy, CNBC, Constitutional, House's, Institute, Indonesia's, of Economic, Law Studies, Initiative, Strategic, International Studies, Hamas, Lowy Institute Locations: Jakarta, Indonesia, JAKARTA, JAKARTA — Indonesia, Central, Politik Indonesia, Nusantara, Borneo, China, Beijing, Southeast Asia, Southeast, Israel, Australian

☆ Saudi Arabia's sovereign wealth fund overtakes Singapore's GIC to top spending table
▼ + stars: | 2024-01-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Saudi Arabia's Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi fund boosted its deal activities from a total of $20.7 billion in 2022 to $31.6 billion in 2023, the research said, even as most other counterparts tapered down their spending. Overall, global sovereign wealth funds deployed 20% fewer funds compared with 2022, despite most major stock markets seeing a rally last year. "This may signal an overly cautious approach, as there is no shortage of capital to put to work among these institutions," the report, which tracks activities across the world's sovereign funds, noted. The Saudi fund has sought frequent deals and joint ventures in its pursuit toward Vision 2030 — a plan originally launched in 2016 which aims to increase economic diversification away from oil.

Persons: spender, Saudi's, Saudi Crown Prince Mohammed bin Salman Organizations: Saudi, Public Investment Fund, Saudi Crown, Nintendo, Materials Locations: Saudi, Japan, Brazil

☆ Best travel destinations to visit in 2024
▼ + stars: | 2024-01-01 | by ( Cnn Travel Staff | ) edition.cnn.com time to read: +32 min

cdwheatley/iStockphoto/Getty Images Angola: Beyond the capital city of Luanda, pictured, Angola has some jaw-droppingly spectacular scenery and cultural treats. David ChiaFF/Alamy Stock Photo Mérida, Mexico: Yucatán state's capital city showcases a blend of Mayan and colonial heritage. Pavel Tochinsky/The Image Bank RF/Getty Images Morocco: This North African country is home to nine UNESCO sites, including the historic city of Meknes, pictured. Panama City is also the only world capital with a tropical rainforest within its city limits. And a historic city forever entwined with the famed Camino de Santiago.

Persons: you’d, Tengguo Wu, Gabriele Thielmann, Turkey's, Gary Ennis, Matevz, Bill Bachman, Christian Kober, Gonzalo Azumendi, David ChiaFF, Pavel Tochinsky, Terry Kelly, Raul Rodriguez, iStock, Anton Petrus, –, — Karla Cripps Turkey’s, — Barry Neild, Mana Kaasik, — Maureen O’Hare, — Maggie Hiufu Wong, Deb Snelson, Glen Arbor, Marnie Hunter, — Forrest Brown, — Forrest Brown Angola Cristo, Eric Lafforgue, it’s, King, Eric Carr, John’s, Saint John, New Brunswick —, —, Tuul, Bruno Morandi, — Julia Buckley, Groenewald, Alamy, — Lilit Marcus, Alexander the Great, Philip II of Macedon, — JB, Bogdan Lazar, — Tamara Hardingham, Gill, Hercules, Francesca, Lazarus, ”, David Casanova, Megan Sequeira Casanova, “, Kuka y Naranjo, medina, Gordon Sinclair, Yvette Cardozo, — FB, Pierce Ingram, Stefan Tomic, Fujairah, who’ve, Samarkand —, It’s Organizations: CNN, United, CNN Travel, Getty Images, Town, Getty, Northwest, Saint, New Brunswick Tourism, UNESCO, Heritage, Alamy, Parque Nacional Volcán Barú, Galicia, Tercera Orden, Parque, Bank, Wakulla Springs, Texas, United Arab Emirates, AP, Rock, of Culture, Estonian National Museum, — Maggie Hiufu Wong Northwest Michigan, Bear, Farm, Riders, Lubango, — BN Saint John, Canada Tourists, St, Saint John City Market, Historic, Saint John Arts Centre, Carnegie, Carnegie Library, — KC, Korea, Folk, Netflix, South Korea, Adriatic, Nacional Glaciares, Australian Sea Lions, Panama, Spain Santiago de, Spain Santiago de Compostela Cathedral, Islas, Camino, Mexico People, YouTube, US State Department, Morocco, Regis Hotels, Resorts, — FB Texas, Travel Texas, Krause, Gruene, Fujairah, Icefjord, FS, Tuul, ” Locations: United States, Sumba, Indonesia Sumba, Indonesia, Bali, Getty Images Tartu, Estonia, Tartu —, European, Tainan, Taiwan, Northwest Michigan, Traverse City, Lake Michigan, iStockphoto, Western Balkans, Culebra , Puerto Rico, Flamenco, Culebra, cdwheatley, Angola, Luanda, , New Brunswick, Fundy, New Brunswick, New Brunswick Tourism South Korea, Korea Albania, Albania, Chile, mauritius, Western Australia, Greece, Macedonia, American, Panama, Spain, Camino, Santiago, St, John's, Mexico, Parque Hidalgo, Morocco, Meknes, Florida, Spicewood, Anton, Greenland, Denmark, AP Uzbekistan, Bukhara, Indonesian, Sumela, Turkey's, — Barry Neild Tartu, Estonia Tartu, of Culture Tartu, Tartu, “, Baltics, — Maureen O’Hare Tainan, Taiwan Tainan, Taipei, — Maggie Hiufu Wong Northwest, Lake, Traverse, Leland, Glen, perusing, Balkans, Slovenia, Bosnia, Herzegovina, North Macedonia, Serbia, transdinarica.com, —, Puerto Rico, It’s, — Forrest Brown Angola, Lubango, Barra, Cabo Ledo, — BN Saint John , New Brunswick, Canada, Hopewell, Newfoundland, Saint, Canada’s, Korea Andong, South Korea, Sanga, Korea, Seoul, Busan, Andong, Albania Albania, Berat, Montenegro, Vlorë, Gjirokastër, — Julia Buckley Chile, Atacama, Patagonia, Coral Coast, Geraldton, — Lilit Marcus Macedonia, Thessaloniki, Greece's, Hemis, Athens, Vergina, Veria, Naousa, Greece’s, Thrace, Philippi, Kavala, Panama . Panama City, Gill Galicia, Spain Santiago, Spain Santiago de Compostela, Galicia, Galicia’s, Santiago de Compostela, Cabo, Fisterra, Galicia —, Singapore, John’s, Paseo, Montejo, Mérida, Yucatán, getaways, there’s, Marrakech, Rabat, Fes, Resorts Morocco, Wakulla, Ginnie, Fredericksburg, Texas, Marble Falls, Meanderers, New Braunfels, Dubai, Abu Dhabi, Wadi, Nuuk, Ilulissat, West, FS Uzbekistan, Samarkand, Uzbekistan, China, India, Khiva, Uzbek, Sentob, Tashkent

Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.

Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa

☆ Singapore's 'ice cream uncles' are disappearing. Blame old age and bureaucracy.
▼ + stars: | 2023-12-24 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.

Persons: hawking, —, Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard

☆ Mathematics, reading skills in unprecedented decline in teenagers
▼ + stars: | 2023-12-05 | by ( Leigh Thomas | ) www.reuters.com time to read: +3 min

The Paris-based Organisation for Economic Cooperation and Development said it had seen some of the steepest drops in performance since 2000 when it began its usually triennial tests of 15-year-olds reading, maths and science skills. On average across the OECD, one out of four 15-year-olds tested as a low performer in maths, reading and science, which means they could not use basic algorithms or interpret simple texts, the study found. Poorer results tended to be associated with higher rates of mobile phone use for leisure and where schools reported teacher shortages. The OECD said the decline was not inevitable, pointing to Singapore, where students scored the highest in maths, reading and science, with results that suggested they were on average three to five years ahead of their OECD peers. After Singapore, Macau, Taiwan, Hong Kong, Japan and South Korea also outperformed in maths and science, where Estonia and Canada also scored well.

Persons: Stephane Mahe, COVID, Andreas Schleicher, Leigh Thomas, Bernadette Baum Organizations: REUTERS, Economic Cooperation, Development, OECD, Thomson Locations: Savenay, France, PARIS, Paris, Germany, Iceland, Netherlands, Norway, Poland, Singapore, Macau, Taiwan, Hong Kong, Japan, South Korea, Estonia, Canada, Ireland

☆ Singapore to triple AI talent to 15,000 experts, deputy PM says
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSINGAPORE Dec 4 - Singapore plans to triple its pool of artificial intelligence experts, including machine-learning scientists and engineers, to 15,000, as part of its national AI strategy, deputy prime minister Lawrence Wong said on Monday. Singapore also pledged under its AI strategy to increase government incentives for the sector, including by backing accelerator programs for AI startups and encouraging companies to set up AI "centres of excellence." Singapore's Infocomm Media Development Authority (IMDA) announced on Monday a $52.3 million ($70 million SGD) initiative to develop Southeast Asia's first large language model, catering to the region's languages. Reporting by Fanny Potkin in Singapore; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Lawrence Wong, Singapore's, Fanny Potkin, Bill Berkrot Organizations: REUTERS, SINGAPORE, Microsoft, Nvidia, U.S Securities and Exchange Commission, Media Development Authority, Thomson Locations: Singapore, U.S, China, Taiwan

☆ Maybank Investment Banking Group's head of research discusses the prospects for ASEAN markets
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybank Investment Banking Group's head of research discusses the prospects for ASEAN marketsThilan Wickramasinghe, Maybank Investment Banking Group's head of research, says Singapore's DBS is a good stock to play the artificial intelligence investment theme.

Organizations: Maybank, Banking, ASEAN, Thilan, Maybank Investment Banking, DBS

☆ India's economy is in a 'sweet spot,' says DBS Bank
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's economy is in a 'sweet spot,' says DBS BankRadhika Rao of Singapore's largest lender discusses the country's strong economic performance, investment spending and consumption.

Persons: Radhika Rao Organizations: DBS

☆ Singapore is once again the world's most expensive city to live in, EIU says
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore is once again the world's most expensive city to live in, EIU saysSyetarn Hansakul of the Economist Intelligence Unit explains the factors behind Singapore's position, including "demand-pull inflation" in housing and other resources.

Persons: EIU, Syetarn Organizations: Singapore, Economist Intelligence

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