Kakao shares slump after widespread service outage

SEOUL: Shares in South Korea’s Kakao plunged more than 9 per cent on Monday (Oct 17) after a fire at a data centre south of Seoul damaged servers on the weekend, causing an extensive service outage in the country’s main chat app. The outage of the chat app, predominantly usedContinue Reading

Yayasan Peneraju, airasia academy to nurture tech talents

Aims to increase chances of employability amongst B40 community
To make education in tech more inclusive, accessible and relevant  Yayasan Peneraju Pendidikan Bumiputera (Yayasan Peneraju) has teamed up airasia academy to help stigmatised minorities increase their chances of employability by equipping them with the relevant knowledge and marketable skills in the technology-driven…Continue Reading

Singapore’s digital wealth platform Endowus acquires Hong Kong’s Carret Private

SINGAPORE: Singapore-based digital wealth advisor Endowus has acquired a majority stake in Hong Kong-based wealth manager and multi-family office Carret Private Investments Limited, it announced on Monday (Oct 17). With the acquisition, total assets under management of the Endowus group – comprising Endowus’ licensed companies in Singapore and Hong Kong,Continue Reading

Chip war policy hurting US firms more than China

On October 7, the US Department of Commerce expanded licensing requirements for exports of advanced semiconductors and the equipment that’s used to make them to cover all shipments to China and not just shipments to particular companies. The share prices of companies expected to be affected had already dropped, discounting previously announced sanctions and the […]Continue Reading

The Big Read: Crowds are back at malls, but are happy days here again for brick-and-mortar retailers?

Mr Guillaume Sachet, a partner in KPMG Singapore’s advisory practice, said the pandemic has changed the retail landscape in many ways and accelerated the growth of online shopping. In order for physical stores to compete with their virtual counterparts, they will have to do something unique, said Professor Lawrence LohContinue Reading