Posts by Shopie More
Culture Isn’t a Democracy—It’s a Declaration
Every founder wants a place people love to work. I do too. But chasing approval from the loudest voices can wreck the very culture you’re trying to build. My stance is simple: define what you stand for, say it plainly, and hire people who actually want that. Anything else is chaos disguised as kindness. The…
Read MoreComfortDelGro self-driving vehicle collides with road divider during road test
[SINGAPORE] An autonomous vehicle operated by ComfortDelGro (CDG) collided with a road divider while undergoing a road test in Punggol on Saturday (Jan 17). In response to queries from The Straits Times, CDG said that at around 3.10pm on Jan 17, one of its autonomous vehicles, which was undergoing routine mapping and familiarisation, was involved…
Read MoreNet institutional inflow continues; QAF, XMH, JEP directors raise their stakes
[SINGAPORE] For the five trading sessions spanning Jan 9 to 15, institutions were net buyers of Singapore stocks, with net institutional inflow of S$208 million. This extended the S$63 million in net inflow for the preceding five sessions. Stocks that had the highest net institutional inflow included OCBC , Hongkong Land , ST Engineering ,…
Read MoreMusk seeks up to US$134 billion damages from OpenAI, Microsoft
ELON Musk wants OpenAI and Microsoft to pay him damages in the range of US$79 billion to US$134 billion over his claims that the generative AI company defrauded him by abandoning its nonprofit roots and partnering with the software giant. Musk’s lawyer detailed the damages request in a court filing on Friday, a day after…
Read MoreChina’s electricity use hits record in 2025, surpasses 10 trillion kWh
[SHANGHAI] China’s electricity consumption climbed 5 per cent to a record high last year, surpassing 10 trillion kilowatt-hours for the first time, the National Energy Administration said on Saturday. The 10.37 kWh milestone exceeded the combined consumption of the European Union, Russia, India and Japan in 2024, according to state media reports. Rising demand for…
Read MoreNvidia H200 chip parts suppliers halt output after China blocks shipments, FT reports
SUPPLIERS of parts for Nvidia’s H200 have paused production after Chinese customs officials blocked shipments of the newly approved artificial intelligence processors from entering China, the Financial Times reported on Friday. Reuters could not immediately verify the report, which cited two people with knowledge of the matter. Nvidia did not immediately respond to a request…
Read MoreFAA warns airlines on Central, South American flights of potential military actions
THE US Federal Aviation Administration warned airlines on Friday to exercise caution when flying over Mexico, Central America and parts of South America, citing the risks of potential military activities and GPS interference. The FAA said it had issued Notices to Airmen covering Mexico and Central American countries, as well as Ecuador, Colombia and portions…
Read MoreWhite House weighs executive action to cap credit card rates
THE White House is weighing an executive action to enact President Donald Trump’s call for a cap on credit card interest rates, in addition to other measures seeking to ease US affordability challenges. The plan, which is still being crafted as administration officials discuss the terms with industry and Congress, is designed to lower interest rates on credit cards…
Read MoreVenezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital comes…
Read MoreMaybank applies to place Dasin Retail Trust’s manager under judicial management
This comes after four subsidiaries received court summonses over Companies Act breaches [SINGAPORE] Maybank has applied to place the trustee-manager of Dasin Retail Trust under judicial management. In a bourse filing on Friday (Jan 16), trustee-manager said it received legal notice that Maybank had filed the application in the High Court on Thursday. The trustee-manager…
Read MoreStamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village [SINGAPORE] Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels (Australia) is facing legal action by the owners corporations of Macquarie Park Village over alleged construction defects. The Macquarie Park Village project is a large-scale residential…
Read MorePorsche sales slump most in 16 years on poor China demand
Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets [BERLIN] Porsche’s deliveries fell 10 per cent last year, following weak demand for electric vehicles (EVs) and a slump in China. This is the steepest drop since 2009, when the global financial crisis roiled the markets. The Volkswagen luxury…
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