Singapore Retail Traders Shun Stocks at Home for Buzzy US Market
'The US market was going very high — individual stocks were just flying up,' said Tan, a 38-year-old content creator who trades on Interactive Brokers. 'I realized Singapore stocks' returns were not as good.'
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The Hill
7 minutes ago
- The Hill
Trump eyes Intel stake
Lutnick indicated the money for the stake would come from previously allocated Biden-era funding. Media reports have suggested the government is considering a 10 percent stake using CHIPS and Science Act grants. 'The president figures out that we should get, America should get the benefit of the bargain,' he told CNBC's 'Squawk Box.' 'I mean, that is exactly Donald Trump's perspective, which is, why are we giving a company worth $100 billion this kind of money?' he continued. 'What is in it for the American taxpayer? And the answer Donald Trump has is we should get an equity state for our money.' 'So we'll deliver the money which was already committed under the Biden administration,' Lutnick added. 'We'll get equity in return for it, get a good return for the American taxpayer instead of just giving grants away.' The Commerce secretary's comments come just less than two weeks after President Trump called on Intel CEO Lip-Bu Tan to resign. The president accused Tan of being 'highly conflicted' following Sen. Tom Cotton's (R-Ark.) letter to the company, voicing concerns about the CEO's investments in Chinese companies and his previous role at Cadence Design Systems. The software firm recently pleaded guilty to violating export controls by selling chip design technology to a Chinese military university during Tan's tenure. However, Trump changed his tone after meeting with Tan last week, and reports began emerging that the administration was considering taking a stake in the company. 'The meeting was a very interesting one. His success and rise is an amazing story,' Trump said in a post on Truth Social. 'Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.'
Associated Press
6 hours ago
- Associated Press
ISCA Launches $2 Million Career Support Programme to Help Jobseekers Pivot into Accountancy Profession
SINGAPORE - Media OutReach Newswire - 19 August 2025 - With the demand for accountancy and finance professionals growing amid Singapore's transition to a digital and sustainable economy, the Institute of Singapore Chartered Accountants (ISCA) today launched a $2 million Career Support Programme to help jobseekers and mid-career individuals pivot confidently into the accountancy profession. Unveiled by Ms Indranee Rajah, Minister in the Prime Minister's Office, Second Minister for Finance and National Development at ISCA's Annual Dinner, the initiative is designed to provide both practical career support and financial relief at a time when many Singaporeans are seeking to reskill and future-proof their careers. Developed in partnership with the Employment and Employability Institute (e2i) and Workforce Singapore (WSG), the Career Support Programme includes: Accountancy careers continue to experience sustained demand and the diversity of roles across industries offer opportunities for professionals who are open to upskill and expand their skillsets or even do a career switch. Professionals from general administration, customer care, engineering and equity investment who have leveraged WSG's Career Conversion Programmes have successfully pivoted to assurance and financial accounting roles. Ms Dilys Boey, Chief Executive, WSG, said: 'The ISCA Career Support Programme offers a robust platform that guides individuals into accountancy careers. The synergy between WSG's career advisory services and ISCA's AI-enabled Talent Marketplace as well as industry expertise creates more opportunities for Singaporeans to join the sector at any career stage. This partnership not only enhances employment outcomes but also makes accountancy a more accessible career choice for all. Together with ISCA, we're committed to helping Singaporeans discover and pursue meaningful careers whilst enabling companies to fulfil their talent requirements.' The Career Support Programme will also prepare professionals for the impact of AI on jobs. According to the World Economic Forum's Future of Jobs Report 2025, global macro trends will create about 170 million new jobs this decade while displacing 92 million roles. Technological skills, especially AI and big data, are projected to grow in importance more rapidly than any other skills in the next five years. In anticipation of these shifts, ISCA had committed $2 million to spearhead its AI for Accountancy Industry (AI for AI) initiative through a multi-pronged approach. Through research, education, and adoption, the initiative will support firms and accountants in effectively harnessing AI across audit, non-audit, and commercial sectors. ISCA President Mr Teo Ser Luck said: 'AI will fundamentally reshape the accountancy sector and fuel demand for accountants with new skills to thrive in the digital economy. The ISCA Career Support Programme reflects our strong commitment to the profession and its people. By providing resources, financial relief, and practical tools such as the AI-enabled ISCA Talent Marketplace, we aim to support individuals — whether they are new entrants to the profession or experienced accountants displaced by change — through skill-gap training and career opportunities. Our goal is to help them find their footing, stay relevant, and move forward with clarity and purpose.' Hashtag: #CareerSupportProgramme #CSP #Jobs #AI #Accountancy The issuer is solely responsible for the content of this announcement. Institute of Singapore Chartered Accountants (ISCA) The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 40,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries. Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession. ISCA administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation. ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries. For more information, visit
Yahoo
7 hours ago
- Yahoo
SoftBank's Son backs ally Tan with $2 billion Intel investment
By Sam Nussey, Fanny Potkin and Anton Bridge TOKYO (Reuters) -When Lip-Bu Tan stepped down from the SoftBank Group board in 2022 at a time when the Japanese company was grappling with soured investments, his parting message offered advice on how Masayoshi Son's conglomerate could strengthen its business. Three years later, a resurgent SoftBank has made a show of support by taking a $2 billion stake in Intel as Tan, now the storied American company's CEO, seeks to turn around the embattled chipmaker. Tan took Intel's top job in March and is driving restructuring at the company, which lost out to Nvidia in artificial intelligence chips and whose foundry business is struggling. "This is really a vote of confidence of Masa in the turnaround materialising over the coming years," said Rolf Bulk, an analyst at New Street Research. "For Intel, the investment makes it more likely that SoftBank could be a potential client to Intel in the future." The two men have a long-standing relationship. "Masa and I have worked closely together for decades, and I appreciate the confidence he has placed in Intel with this investment," Tan said in a statement. In addition to his time on SoftBank's board, Tan became chairman of chip startup SambaNova, which received backing from SoftBank's Vision Fund. "Masa is brilliant; he's a visionary. But he still needs people to provide safeguards, give him advice, and make him even more successful," Tan wrote in his statement on leaving the SoftBank board. Son, 68, is known as a savvy political operator, appearing publicly with U.S. President Donald Trump twice in the months following the presidential election. He has close relationships with leading tech entrepreneurs such as Jensen Huang, CEO of Nvidia, in which SoftBank has a stake. Last week Tan, 65, met with Trump, who days earlier had called on him to resign due to his ties to Chinese firms. Washington is in talks to take a 10% stake in Intel, Bloomberg has reported. "SoftBank's investment helps but it is not what is going to move the dial for Intel," said Amir Anvarzadeh of Asymmetric Advisors. "It's more to maintain this very good relationship he has with Trump," he said. BACK ON THE OFFENSIVE Son is making splashy investments again after some underperforming tech bets forced a period of retrenchment, with the conglomerate pursuing a $500 billion U.S. data centre venture with OpenAI, the maker of ChatGPT. SoftBank has acquired a former electric vehicle factory from Foxconn in Ohio as it looks to advance its Stargate data center project. Arm, which is controlled by SoftBank, plans to make its own chips, and the Japanese conglomerate also acquired chipmaker Graphcore last year. SoftBank's shares have been on a tear, boosted by positive sentiment around its AI investments. "The $2 billion investment should be viewed more as a strategic stake rather than a financial one," said Nori Chiou, investment director at White Oak Capital Partners. "In the world of cutting-edge semiconductor manufacturing, only capital commitments in the $30 billion–$40 billion range carry true commercial weight," he said. Industry experts say Tan still faces a mountain to climb to turn around Intel, which has suffered from years of management missteps. "It is Masa making a contrarian bet but one where I think the downside risk is fairly limited," said Bulk of New Street Research.
