In the last four years, companies like Apple, Meta and Amazon have been sued by US Federal antitrust regulators for maintaining monopolies illegally.
Category: Corporate
DBS Bank leadership transition: Piyush Gupta to be succeeded by Tan Su Shan as CEO in March 2025
When Tan becomes CEO, the DBS Group will have its first ever female chief executive. Her past roles have been at Morgan Stanley and Citigroup.
Intel to reduce workforce by 15 percent, 15,000 employees to lose jobs
Intel said it’ll announce a companywide enhanced retirement offering for eligible employees and broadly offer an application program for voluntary departures next week.
Naga Chandrasekaran: Intel ropes in Indian American technocrat and NUS MBA graduate to lead foundry manufacturing and supply chain
Chandrasekaran will be responsible for Intel Foundry’s worldwide manufacturing operations, including Fab Sort Manufacturing, Assembly Test Manufacturing, strategic planning for Intel Foundry, corporate quality assurance and supply chain.
Temasek plans USD 30bn investment in health, fintech, and other sectors in American market
Temasek has seen substantial returns on its investments in the US and in India, in contrast to the relatively weak RoI from China.
SearchGPT: Open AI to challenge Google with its AI-powered new search engine
Open AI to launch its new search engine which promises to give a tough battle to Google
Singapore grows as global pharma hub, with SGD 1bn Pfizer expansion following SGD 2bn AstraZeneca cancer drug facility
As Pfizer and AstraZeneca make headlines in 2024 with billions of dollars in new facility investments, they reinforce the stature of Singapore as the go-to country for global pharma brands.
Singapore telecom: 3G service phase-out begins in Aug 2024, starting with M1 mobile network
To support their 3G subscribers, Singapore’s mobile network operators are required to provide a range of 4G/5G service plans and 4G/5G mobile phone options to assist them in their migration.
Singapore-based hospitality brand Ascott ties up with Chelsea FC as part of European market strategy
For Chelsea FC fans, the tie-up means the facility of booking customised stay packages, and also exclusive rewards if they sign up for the Ascott Star Rewards programme.
Temasek reports SGD 389 billion Net Portfolio Value in FY24, up by SGD 7 billion from FY23, based on RoI from US and India
One of the Indian companies that benefited from Temasek’s sustainability-oriented investments was the electric vehicle manufacturer Mahindra Electric Automobile.
