Daily roundup: Fewer private university grads find full-time jobs in 2024, compared to 2023 — and other top stories today, Singapore News
1. Fewer private university grads find full-time jobs in 2024, compared to 2023
Fewer private university graduates found full-time jobs within six months of graduating in 2024 than in the previous year.
According to the 2024 Private Education Institution Graduate Employment Survey... » READ MORE
2. Made in Singapore: First locally-made Kia, the EV5, officially launched
Kia has launched its first locally-made model, the EV5 electric SUV, which will be assembled at the Hyundai Motor Group Innovation Centre Singapore (HMGICS) in Jurong... » READ MORE
3. 'A project out of love': Dad-daughter duo sets up assisted living community to honour late grandma
When the Covid-19 pandemic reached Singapore five years ago and triggered a lockdown here, the Kok family had no choice but to halt the frequent social activities their dementia-stricken grandmother enjoyed... » READ MORE
4. Zheng Geping gets surprise birthday celebration on drama set
He thought it was time to film, only to be surprised with a chorus.
Local actor Zheng Geping turned 61 on May 27, and his family as well as the crew and cast members on the set of their drama The Cellphone Swap threw him a surprise celebration... » READ MORE
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Business Times
6 hours ago
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RBA says decline in competition costs Australians A$3,000 per person
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Business Times
9 hours ago
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Tencent's AI restraint shows risk of Alibaba, JD food war
[BEIJING] China's biggest tech companies are bouncing back after years on the ropes with outsized ambitions to dominate in everything from robots and smart glasses to cheap meals. But investors want them to focus their spending where it counts – artificial intelligence (AI). From Meta Platforms to Google, one topic has dominated the conversation this tech earnings season: how Silicon Valley's leaders will invest to seize the momentum in a game-changing technology. In China, the industry is just as enthralled by a three-way battle to deliver the cheapest meals and knick-knacks, fastest. That conflict between Alibaba Group Holding, and Meituan, both on social media and in the physical consumer arena, is not just compressing margins and irking investors - it's risking Beijing's scrutiny. So far this year, JD, Alibaba and Meituan have pledged or spent billions of US dollars hiring delivery people, creating coupons and plying their millions of daily users with advertising about free milk tea and other instant retail promotions. Investors responded with a sell-off in Meituan and JD, the most exposed to the price war, shedding around a combined US$100 billion in market value since late last year. Things came to a head last month when the industry regulator called all three into a private meeting to lay down the law. And days later, the trio coordinated contrite statements promising to end 'disorderly competition'. But in reality, they have no choice but to keep going, analysts say, because they are essentially fighting for the lifeblood of their business: users. With AI still years away from monetisation, that's become the central existential problem to China Tech Inc. 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Business Times
a day ago
- Business Times
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