Posts by Swedan Margen
Jack Ma-backed Ant’s profit dives 60% after AI, global expansion
ANT Group’s quarterly profit fell 60 per cent, after the Chinese digital payments giant made more inroads overseas and invested in artificial intelligence (AI) to grow its revenue. The Hangzhou-based online finance company contributed 1.5 billion yuan (S$270.3 million) of profit to Alibaba Group, which owns a third of Ant. That translates to an estimated…
Read MoreMalaysian Man, 20, Arrested After UOB Staff Expose Government Official Impersonation Scam in Singapore
A 20-year-old Malaysian man was arrested for his suspected involvement in a case of government official impersonation scam (“GOIS”). The Singapore Police Force (SPF) said that they received a call for assistance from United Overseas Bank (UOB) on Wednesday, August 27, about a suspicious over-the-counter cash cheque withdrawal request by a man at one of…
Read MoreMalaysia’s Petronas says it will undergo ‘strategic transformation’ as H1 profit falls
[KUALA LUMPUR] Malaysian state energy firm Petroliam Nasional Bhd (Petronas) said on Friday (Aug 29) that it was undergoing a ‘strategic transformation’ to tackle operational challenges after reporting lower profits and revenues for the first half of the year. Petronas posted a profit after tax of RM26.2 billion (S$7.96 billion) in the six months ending…
Read MoreElderly Man, 61, Holding Vietnamese and US Passports Convicted of Money Laundering in Singapore
A 61-year-old man was sentenced to 19 months’ imprisonment and fined S$239,065 on Thursday, August 28, for money laundering offences. Nguyen Duy Khiem (“Khiem”), a Vietnamese and American dual citizenship holder, was convicted of three counts of money laundering, including two counts under Section 47AA of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation…
Read MoreTraffic Deaths and Injuries Rise on Singapore Roads in First Half of 2025
The first half of 2025 saw a higher number of fatalities and injuries from traffic accidents than the same period the previous year. Between January and June of 2024, there were 78 fatal accidents, compared to 70 in the first half of 2024, and 79 fatalities. Additionally, from 3,437 in the first half of 2024…
Read MoreThe Week: An Evil Attack in Minneapolis | National Review
Plus: The Cracker Barrel wars. Source link
Read MoreThe Conservative Case Against Protectionism and Interventionism Is the Same | National Review
Humility in the face of complexity; preservation over reinvention. Source link
Read MoreAlibaba falls short of Q1 revenue estimates
It reported total revenue of 247.65 billion yuan in the first quarter ended June, compared with an estimate of 252.92 billion yuan Published Fri, Aug 29, 2025 · 06:16 PM [BEIJING] China’s Alibaba missed market estimates for quarterly revenue on Friday (Aug 29) as the company’s e-commerce business grapples with tough competition and choppy consumer…
Read MoreMassachusetts Man Fatally Shot After Confronting Graffiti Vandal Who Had ‘BLM’ and ‘Free Palesine’ Graffiti on His Walls
A man was fatally shot during an altercation with another man about graffiti at a local Shrewsbury park on Thursday morning, Worcester County District Attorney Joe Early Jr. and Shrewsbury Police Chief Kevin Anderson said. At 8:47 a.m., Shrewsbury police received a 911 call from a man who said he was being attacked by another…
Read MoreMars’s Mantle Holds Shocking Evidence of Catastrophic Impacts
New research published in the journal Science reveals that the red planet’s mantle preserves a record of its violent beginnings, shedding light on how Mars was shaped by cataclysmic impacts and early planetary processes. Scientists say the discovery not only helps explain Mars’ geological evolution but also offers vital clues to understanding the history of…
Read MoreSingapore stocks extend rally on Friday; STI up 0.4%
Across the broader market, gainers beat losers 314 to 202, as 1.2 billion securities worth S$1.4 billion change hands [SINGAPORE] The local bourse finished the week on a cheerful note amid rising expectations of a September rate cut by the US Federal Reserve. The Straits Times Index (STI) rose 0.4 per cent or 15.92 points…
Read MoreLocal Gems: Cultural Institutions
On the occasion of our third centenary issue—this one culture-themed—we asked our writers to share one of their most treasured cultural institutions, big or small. Whether it’s a beloved stone in a storied hall of gems and minerals, a soaring cinema in Korea, or an invaluable downtown fixture, these are places that bring inspiration, joy,…
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