Singapore stocks track regional declines on Friday; STI down 1%

Singapore stocks track regional declines on Friday; STI down 1%

On the STI, Sembcorp Industries is the biggest loser, falling 3.6% or S$0.23 to S$6.08 [SINGAPORE] Local stocks ended lower on Friday (Nov 21), tracking declines in the region. The benchmark Straits Times Index (STI) was down 1 per cent or 42.73 points at 4,469.14, although the iEdge Singapore Next 50 Index rose 0.6 per…

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Asia tech rout resumes as stocks slide on AI valuation fears

Asia tech rout resumes as stocks slide on AI valuation fears

ASIA’S tech-heavy markets slumped as sell-offs in sector leaders resumed on mounting concerns over stretched artificial intelligence (AI)-related valuations. South Korea’s Kospi index fell 3.8 per cent on Friday (Nov 21), with heavyweights Samsung Electronics and SK Hynix bearing the brunt of the selling. Taiwan’s benchmark Taiex declined 3.6 per cent, the sharpest drop since…

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Qatar Unveils Film & TV Incentive Offering Cash Rebate Of Up To 50%

Qatar Unveils Film & TV Incentive Offering Cash Rebate Of Up To 50%

Gulf state Qatar has launched its first official film and TV incentive as part of its drive to become a major media and entertainment hub. The new scheme – called the Qatar Screen Production Incentive (QSPI) Programme – was announced by the country’s Qatar Film Committee in the opening session of a three-day industry event…

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Intel CEO Tan Lip-Bu denies claims new hire stole TSMC trade secrets

Intel CEO Tan Lip-Bu denies claims new hire stole TSMC trade secrets

The executive is alleged to have taken proprietary knowhow from his former employer just before his departure [SAN FRANCISCO] Intel chief executive officer Tan Lip-Bu dismissed reports about a new hire taking trade secrets from Taiwan Semiconductor Manufacturing Co (TSMC) to his company, saying the US chipmaker respects other firms’ intellectual property. Taiwanese newspapers spent…

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Breaking Baz: Chiwetel Ejiofor Signs On As Creative For West End-Bound Musical ‘The Boy Who Harnessed the Wind’, Newcomer Alistair Nwachukwu Cast In Titular Role

Breaking Baz: Chiwetel Ejiofor Signs On As Creative For West End-Bound Musical ‘The Boy Who Harnessed the Wind’, Newcomer Alistair Nwachukwu Cast In Titular Role

EXCLUSIVE: Bridget Jones: Mad About the Boy star Chiwetel Ejiofor has joined the creative team of Royal Shakespeare Company show The Boy Who Harnessed the Wind – a project close to his heart because his directorial debut was a Netflix movie of the same title, based on the phenomenally best-selling memoir by William Kamkwamba. Ejiofor—who directed and penned the…

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Maybank Q3 profit up 3.3% at RM2.62 billion

Maybank Q3 profit up 3.3% at RM2.62 billion

[SINGAPORE] Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the same period a year earlier, the company said on Friday (Nov 21). Net fund-based income rose 2.5 per cent to RM5.01 billion, as loans grew 2.7 per cent on year…

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