Posts by Swedan Margen
Stanley Fischer: The New Monetarist
Stanley Fischer made the world of ideas better, richer, fuller. He built out a research agenda that played Milton Friedman’s monetarist tune in a new key. Source link
Read MoreSingapore shares rise on US rate-cut hopes, softer T-bill yields; STI up 0.4%
UOB economist, reacting to the sluggish retail sales print, expects retail sales to stay tepid this year [SINGAPORE] Local shares rose on Thursday (Jun 5) as softer US hiring data boosted rate-cut expectations amid falling Treasury bets. Meanwhile, Singapore’s latest six-month Treasury bill cut-off yield hit a new year-to-date low at 2.05 per cent, based…
Read MoreMalaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 Published Thu, Jun 5, 2025 · 05:46 PM Malaysia’s state-owned oil firm will reduce headcount by upward of 5,000 people, Petronas chief executive officer Muhammad Taufik said in a briefing in Kuala Lumpur on Thursday (Jun 5). It will also freeze promotions…
Read MoreProcter & Gamble to cut 7,000 jobs over two years in new restructuring plan
[OHIO] Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as the Tide detergent maker navigates uneven demand due to tariff uncertainty. P&G also plans to exit some categories, brands and product forms in individual markets, executives…
Read MoreIndianapolis Man Who was Playing with Gun Fatally Shoots Best Friend
An Indianapolis man has been charged with reckless homicide after allegedly shooting and killing a woman while handling a handgun during a gathering with friends. According to police and court documents, Elliot Hines, who was with friends at a home on Burbank Road on May 30, told officers he accidentally discharged his black Taurus handgun…
Read MoreTrump Signs Bombshell Travel Ban Restricting Nationals from These 19 Countries from Entering the US in the Wake of Colorado Terror Attack
President Donald Trump signed a proclamation on Wednesday announcing widespread bans and restrictions targeting visitors from 19 nations, while also delivering a stark warning that Egypt might be added to the list next in the wake of the harrowing Colorado terror attack. Nationals from Afghanistan, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Myanmar, Somalia,…
Read MoreNickelodeon Kids’ Choice Awards 2025: How to Watch, Date, Venue, Lineup, and More
Nickelodeon Kids’ Choice Awards 2025 will take place at the Barker Hangar in Santa Monica, California, on Saturday (June 21). Tyla will host the star-studded event, which will feature a live on-stage performance by the girl group KATSEYE. The Los Angeles-based band, consisting of six members, is popularly known as a global girl group. Young…
Read MoreCourt partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags
[SINGAPORE] The Appellate Division of the High Court has partially allowed an appeal by Goh Jin Hian against having to pay damages for breaching his duty of care as a then-director of the insolvent marine fuel supplier, Inter-Pacific Petroleum (IPP). The ruling on Thursday (Jun 5) said that Goh had breached his duty of care…
Read MoreIndia central bank set to deliver third straight rate cut to lift growth
[NEW DELHI] India’s central bank will likely cut interest rates for the third straight meeting to boost growth, with market watchers focused on the extent of easing in this cycle. The Reserve Bank of India will lower the benchmark repurchase rate by 25 basis points to 5.75 per cent, according to all but one of…
Read MoreTaiwanese Influencer Known for Consuming Beauty Products on Camera Dies
A Taiwanese influencer Guava Shuishui, known online as Guava Beauty, died an unexpected death at the age of 24. Shuishui, who had more than 12,000 followers on Instagram, was popular for her videos in which she would consume the beauty products she was reviewing. Shuishui Died of a ‘Sudden Illness’ A post written in Chinese…
Read MorePeter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator
[SINGAPORE] Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly wrongfully and fraudulently extracting and transferring value out of Laguna National Golf and Country Club to enrich themselves. For their alleged wrongdoing including the Kwees’ breach of fiduciary duties, Laguna National…
Read MoreWho Is Lucy Guo? 30-Year-Old College Dropout Who Founded Scale AI Dethrones Taylor Swift as World Youngest Self-Made Female Billionaire
Taylor Swift has been dethroned as the world’s youngest self-made female billionaire, according to Forbes. The pop star has been taken over by a 30-year-old former college dropout known for her wild partying lifestyle, who has reaped a windfall from the artificial intelligence boom. Lucy Guo — who describes herself as a workaholic and is…
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