Author: Admin
At OCBC’s annual general meeting on Apr 17, chairman Andrew Lee left no doubt that the banking group has been unmoved by calls for it to distribute its stake in Great Eastern Holdings (GEH) to its shareholders.“(We) are not blinking,” he said, after reiterating OCBC’s longstanding position that its insurance unit is a significant source of earnings, and provides the group with a unique competitive advantage in the wealth management field. Lee also defended OCBC’s miserly offer price of S$25.60 per share for GEH last year, saying it was based on work done by its investment bankers. “We paid millions for…
SpaceX had sent another batch of Starlink satellites on their way on Thursday to assist in keeping up the quick expansion of its global broadband network. Rising from Launch Complex-40 at Cape Canaveral Space Force Station in Florida, a Falcon 9 rocket took to the skies at 9:51 p.m. EDT on May 1 (0151 GMT on May 2). This mission goes by the name Starlink 6-75, and it dispatched 28 satellites to low Earth orbit (LEO). This mission is an addition to the already growing constellation, which aims to provide high-speed internet across the world, except the polar regions, via user-pointed terminals.SpaceX…
[LONDON/DUBAI] Opec+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day (bpd), the group said on Saturday (May 3), despite falling prices and expectations of weaker demand.Following an online meeting lasting just over an hour, the producer group announced the supply increase, saying the fundamentals of the oil market were healthy and inventories were low. Oil prices fell to a four-year low in April below US$60 per barrel after Opec+ announced a bigger-than-expected production boost…
eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More. Midjourney vs. Stable Diffusion: Which AI art generator leads the way in 2025? When it comes to AI image generation, the debate often centers around Midjourney vs Stable Diffusion, two leading tools praised for their sophisticated capabilities and innovative approaches. Their popularity stems from their powerful artistic features addressing diverse user needs, but knowing the differences between their respective strengths and weaknesses can help you determine which is better for your particular needs. To help you decide, I…
San Diego’s Fernando Tatis Jr. sprinted home on a wild pitch by Pittsburgh closer David Bednar in the top of the ninth inning to lift the Padres past the Pirates 2-1 at rainy PNC Park on Saturday night.Tatis, who exited Friday night’s win in the third inning after taking a 93 mph pitch off his left forearm, led off the ninth with a double. The two-time All-Star stole third and took off when a pitch from Bednar (0-3) to Xander Bogaerts skipped in front of catcher Joey Bart. The ball squirted to Bart’s right and Tatis’ slide just beat Bart’s…
[SINGAPORE] In this column on Mar 31, I advocated that OCBC should sell its Chulia and Church Street properties so that the assets can be redeveloped to create a new prime office project in the heart of the Central Business District (CBD). Divesting these buildings will also help create shareholder value.My suggestion that OCBC should consider selling the trio of buildings it owns at 63 and 65 Chulia Street and 18 Church Street has been rejected. At its annual general meeting (AGM) on Apr 17, chairman Andrew Lee said OCBC has no plans to sell its CBD properties including OCBC…
Cue a new batch of “Half-Life 3 confirmed” memes. The latest rumor surrounding Valve’s long-awaited next installment in the Half-Life series claims that the game is currently “playable, end-to-end” and could even be announced in the summer, followed by a release in winter of this year. The speculation comes from Tyler McVicker, who’s known for reporting on Valve rumors, during his latest Q&A livestream. According to McVicker, the game is currently playable from beginning to end, which he guesses could put it on track for an announcement and release this year.Besides McVicker’s hours-long livestream, there have been other recent hints…
Vyvanse is a medication often prescribed for ADHD and binge eating disorder. It helps improve focus, control impulses, and manage hyperactivity. But what happens when Vyvanse dose is too low? If your dosage isn’t right, you might notice that your symptoms return, your energy dips, or the medication wears off too soon.Finding the right dose isn’t always straightforward. If you feel like your Vyvanse isn’t working as expected, your dose might be too low. Let’s break down the signs, effects, and what you can do next.What Happens When Vyvanse Dose Is Too Low: 3 Signs to ExpectYou can expect the…
The largest western oil producers are mostly sticking with their growth plans for now, despite a 16 per cent decline in crude prices during April and a decision by the Organization of Petroleum Exporting Countries and their allies (Opec+) to crank up output in June.Exxon Mobil, Chevron, Shell and TotalEnergies all maintained their capital spending plans as they reported first-quarter results last week. BP was the exception, cutting spending under pressure from activist investor Elliott Investment Management.The steadfastness of the so-called oil majors comes as the market appears to be over-supplied. Prices are at a four-year low as tariffs threaten…
Samsung reported its Q1 earnings last night and said that they had a pretty good quarter, thanks to strong demand for the Galaxy S25 series. I don’t think that is all that surprising, as the S25 series is quite good, the specs are still up there with the best, and the software received One UI 7 out of the box, which is one of Samsung’s biggest software upgrades to date. They also ran some pretty serious deals to get you into those new phones. However, because the global world is all confused and worried about the future economy, thanks to…