Latest news with #Tan
New Straits Times
6 hours ago
- Politics
- New Straits Times
'Major' judiciary reveal fizzles, questions remain
KUALA LUMPUR: The much-anticipated announcement on top judicial appointments failed to materialise, leaving many guessing as to who would be the country's next Chief Justice. Clarity over vacant positions at the highest level of the judiciary, following weeks of speculation, had been expected today. Just a day earlier, Prime Minister Datuk Seri Anwar Ibrahim hinted at an announcement in conjunction with the Conference of Rulers meeting in Istana Negara. Today, the Malay rulers and their representatives, along with the Yang di-Pertua Negeri of Sarawak, Sabah, Penang, and Melaka, convened. Key issues, including national security and the judiciary, were discussed, but no announcement followed. However, throughout the day speculation was rife about who would be appointed Chief Justice. Several names were bandied about – minus former attorney-general Tan Sri Ahmad Terrirudin Mohd Salleh. This was because it had been revealed by Pakatan Harapan MPs who met Anwar on Monday that Terrirudin's name was not on the list for any top posts. It is understood that Court of Appeal judge Datuk Wan Ahmad Farid Wan Salleh is the frontrunner for the Chief Justice's post. Meanwhile, Datuk Abu Bakar Jais is being tipped to be the new Court of Appeal president, succeeding Tan Sri Abang Iskandar Abang Hashim, who retired on July 2. Datuk Azizah Nawawi, meanwhile, is said to succeed Tan Sri Abdul Rahman Sebli as Chief Judge of Sabah and Sarawak. Meanwhile, acting Chief Justice Datuk Seri Hasnah Hashim will continue to serve as Chief Judge of Malaya. The appointments are expected to be announced tomorrow.
Yahoo
10 hours ago
- Business
- Yahoo
As Intel Spins Out Its AI Robotics Arm, How Should You Play INTC Stock Here?
Intel's (INTC) decision to spin out its AI robotics division, RealSense, marks another strategic move in the chipmaker's ongoing transformation under new CEO Lip-Bu Tan. The $50 million Series A funding round for RealSense, which includes participation from MediaTek Innovation Fund and Intel Capital, signals both the promise of the robotics industry and Intel's need to streamline operations while maintaining exposure to high-growth markets. The spinout suggests a calculated approach to asset optimization during a challenging period for Intel. The chip maker is targeting $17 billion in operating expenses for 2025 and $16 billion for 2026. So, divesting non-core assets while retaining minority stakes allows Intel to reduce operational complexity while preserving upside potential. Dear Nvidia Stock Fans, Mark Your Calendars for July 16 How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Retirement Ready: 3 Dividend Stocks to Set and Forget Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. RealSense, formerly Intel Perceptual Computing, has been developing 3D vision technology for over a decade and serves autonomous robot manufacturers, including Eyesynth and Unitree Robotics. Intel is under pressure to execute on its foundry strategy and regain a competitive positioning in core markets where it has lost market share to Nvidia (NVDA) and Advanced Micro Devices (AMD). Under Tan's leadership, the company has adopted a more focused approach, emphasizing customer service and manufacturing excellence. The robotics market opportunity is expanding at an exponential pace, with Morgan Stanley projecting the humanoid robotics market to reach $5 trillion by 2050. However, Intel's decision to spin out rather than fully divest RealSense suggests management believes the robotics opportunity may not align with the immediate priorities of fixing core CPU competitiveness and foundry execution. For investors, the spinout showcases disciplined capital allocation and a willingness to unlock value from non-core assets. Intel's ability to attract external investment in RealSense while maintaining a minority stake indicates strategic thinking about portfolio optimization. However, the broader context remains challenging. Intel continues to wrestle with manufacturing execution, as it faces supply constraints on Intel 7 while ramping 18A production. The company's data center market share erosion persists, despite some stabilization efforts with products like Granite Rapids. Competition from both traditional rivals and ARM-based alternatives intensifies across client and server segments. The path forward for Intel stock likely depends more on foundry execution and product competitiveness than robotics spinout proceeds. Tan's emphasis on organizational flattening, return-to-office mandates, and engineering talent retention suggests awareness of cultural issues hampering innovation. Yet meaningful product leadership recovery will take time, particularly in AI workloads where Intel trails significantly. Intel stock reported a net loss of $0.13 per share in 2024 and is forecast to end 2025 with earnings of $0.30 per share. Moreover, Wall Street estimates earnings to improve to $2.70 per share in 2028. If INTC stock trades at 15 times forward earnings, it will be priced at $40 in early 2028, indicating an upside potential of almost 90% from current levels. Out of the 38 analysts covering INTC stock, one recommends 'Strong Buy,' 32 recommend 'Hold,' and five recommend 'Strong Sell.' The average target price for Intel stock is $22.55, below the current trading price. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
10 hours ago
- Business
- Barnama
Sarawak Showcases Global Clean Energy Leadership At IEW 2025
BUSINESS KUCHING, July 16 (Bernama) -- Sarawak inaugurated the sixth International Energy Week (IEW) 2025 at the Borneo Convention Centre Kuching (BCCK), reaffirming its pivotal role as a global leader in clean energy innovation amidst the worldwide shift towards sustainable energy. Held under the theme 'From Sarawak to the World: Journey to Clean Energy Leadership', IEW 2025 showcased the state's ambitious drive to spearhead the energy transition across the Asia-Pacific region and beyond. In a statement today, Informa Markets Malaysia stated that the prestigious event was officially opened by the Premier of Sarawak, Tan Sri Abang Johari Tun Openg, yesterday. Among the distinguished guests joining him were Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Datuk Seri Fadillah Yusof, and Sarawak Deputy Minister for Energy and Environmental Sustainability, Datuk Dr Hazland Abang Hipni, who is also the IEW 2025 organising chairman. In his keynote address, Abang Johari reaffirmed Sarawak's unwavering commitment to clean energy. 'By harnessing our abundant natural resources and embracing innovation, we aim to reduce carbon emissions and build a sustainable future. Our goal is to meet energy demands without compromising the environment for future generations,' he said. The premier also emphasised the critical importance of human capital development in propelling the clean energy transition. 'We need a skilled workforce in this space. This is the platform to produce technologists -- not just for energy, but also for emerging industries like aerospace,' he said, noting the broader economic impact of investing in skilled talent. IEW 2025 attracted over 400 companies and brands from 25 countries, showcasing cutting-edge technologies in renewables, hydrogen, smart grids, energy efficiency, carbon capture, utilisation, and storage (CCUS) and green infrastructure.
Straits Times
12 hours ago
- Sport
- Straits Times
Singapore sport gets $500,000 boost via SOF-Edwin Lee Yong Chuan Sports Fund
(From left) Ms Nicole Lee, daughter of the late Edwin Lee, alongside Singapore National Olympic Council president Grace Fu, presents a $500,000 check on behalf of the Lee Kim Tah Family Foundation to Singapore Olympic Foundation chairman Ng Ser Miang. SINGAPORE - When he was 12, Gary Tan had an opportunity that most young swimmers could only dream of – a trip to the United States for a training programme. Tan, now the national coach and performance director (swimming) at Singapore Aquatics (SAQ), recalls the experience as something that inspired him to pursue his love for swimming and sport even further. In the decade that followed, he went on to set four national swimming records and represented Singapore twice in the Olympics. The 43-year-old remains grateful to the man who gave him that opportunity – Edwin Lee, then-president of the Chinese Swimming Club. It was Lee who personally funded the trip for Tan and 59 other athletes from the club. Tan said: 'For Uncle Edwin, as we affectionately called him, he really has devoted a lot of effort and time into promoting sports, and being able to harness athletes, to give them an opportunity to train overseas, or even if they have expenses that need to be covered. 'He didn't want anything in relation to show that he was donating this amount of money, but what he wanted was to bring out the best in the individual.' Now, Tan is hoping to motivate others in the sport through SAQ's latest initiative, the SAQ Next Gen Coaching Scholarship, which aims to support the development of a selected coach by sponsoring their training at the association's National Training Centre (NTC). The scholarship recipient will receive a stipend during the 12-month programme, which will see him or her gaining experience and coaching development in a high performance environment, as well as learning to integrate sports science into their own training programmes. Top stories Swipe. Select. Stay informed. Singapore Over 600 Telegram groups in Singapore selling, advertising vapes removed by HSA Singapore Strong argument for cockpit video recording, says Iata chief in wake of Air India crash report Asia Former deputy minister seen as surprise front runner for Malaysia's next Chief Justice: Sources Singapore Baby died after mum took abortion pills and gave birth in toilet; coroner records an open verdict Singapore Qantas flight from Singapore to Sydney delayed for days due to mechanical issues Business Tycoon Robert Kuok's daughter Kuok Hui Kwong appointed CEO of Shangri-La Asia Singapore Acute psychiatry services to be expanded across all healthcare clusters: MOH Singapore New network links Home Team psychologists, mental health bodies to boost emergency response The scholarship will be seed funded through the Singapore Olympic Federation (SOF)-Edwin Lee Yong Chuan Sports Fund, which was established with the donation of $500,000 by the Lee Kim Tah Foundation (LKTF) in honour of the late Edwin Lee. Lee, who died in 2021 aged 65, was a veteran sports administrator who served as president of the Singapore Tennis Association and Singapore Taekwondo Federation, vice-president of the Singapore Table Tennis Association (STTA), and treasurer of the Singapore National Olympic Council (SNOC), over decades. The former CEO of property developer Lee Kim Tah Group was also a director at the SOF. His daughter Nicole Lee said in a statement: 'For most of his life, Dad was passionate about inspiring young athletes and helping them to achieve their sporting dreams. Through this Fund, we hope to continue his legacy.' Launched on July 16 at the World Aquatics Championships Arena, the fund is aimed at advancing competitive sport in Singapore. While its first initiative is focused on swimming, it could include other sports in the future. Speaking at the launch, SOF chairman Ng noted that swimming was one of the sports that Lee was most passionate about, adding that the latter was also instrumental in developing the Foreign Sports Talent Scheme for the STTA, which reaped Singapore's first Olympic medal in 48 years in Beijing 2008. SAQ president Kenneth Goh said: 'We are channeling more attention to develop local coaches. They know the system, they know the swimmers, they can communicate better, and the goal is for these coaches to eventually plug into the club system as well. 'We have more attention on the sport, so we hope to see an increase in participation. So corresponding with that increase in the level of participation, we also need to level up the quality and quantity of the coaches as well.' He added that the funding was essential in enhancing the scholarship, which had previously existed as a scheme to allow coaches to spend time in the NTC, and he hopes that the scholarship recipient will be able to help develop swimmers at different levels in the clubs. Ms Grace Fu, SNOC president and Minister for Sustainability and the Environment, was present at the launch on July 16. She said: 'Community support plays a vital role in Singapore's sporting journey. Through their generous donation, Mr Edwin Lee's family joins a meaningful philanthropic effort that partners with the Singapore Olympic Foundation and our stakeholders to build a stronger, more sustainable sporting ecosystem for the future.'
New Paper
13 hours ago
- New Paper
Alleged Toa Payoh cat killer and abuser charged with torturing sixth cat
A man who allegedly killed a cat and stabbed four more in Toa Payoh was charged on July 16 with torturing one more cat in the vicinity. Ryan Tan Yi Bin, 26, was in a common corridor at Block 15 Lorong 7 Toa Payoh on March 13 when he allegedly abused the light-brown cat. He allegedly dragged it via its tail, slammed it against a wall three times, and then let it fall to the floor. This act caused the cat to bleed from the mouth and nose. Court documents did not disclose if the cat survived. With this additional animal cruelty charge on July 16, the Singaporean is now accused of abusing six cats in total. Tan is said to have stabbed four of them. He was at Block 38 Lorong 5 Toa Payoh on Sept 21, 2024, when he allegedly stabbed a ginger and white cat, causing a wound that was about 5cm long. The next day, he purportedly stabbed three more cats - one at Block 36 Lorong 5 Toa Payoh and two at Block 200 Toa Payoh North. Court documents did not disclose details about the weapons purportedly used or if these four cats survived the alleged attacks. According to court records, Tan has been remanded since March 14 - one day after he allegedly tortured the sixth cat. He has not been offered bail since. His case will be heard again on Aug 20. He was handed his first charge of animal cruelty on Oct 8, 2024, involving a cat called Field Field. On Oct 7 that year, he allegedly kicked the cat, repeatedly stamped on its head inside a lift, and threw it down from the 34th floor of Block 78 Lorong Limau, near Whampoa Road, killing it. First-time offenders convicted of animal cruelty can be jailed for up to 18 months and fined up to $15,000. Repeat offenders can be jailed for up to three years and fined up to $30,000.
