Rounding up top investing articles from around the web, including articles shared on Twitter.
SkillsFuture credits can be used for more than 30,000 new online courses from Aug 28 (Straits Times)
Starting from Aug 28, Singaporeans can access more than 30,000 new courses on two online learning platforms using their SkillsFuture credits.
Learners can offset a 12-month subscription fee on Coursera and Udemy Business to get access to courses on topics such as data science, business management and artificial intelligence (AI).
The Coursera subscription gives access to more than 7,700 courses, 2,500 guided projects – tutorials for new skills – and 130 professional certificates, while Udemy’s subscription will give access to 27,000 online courses.
Singaporeans aged 25 and above can offset the subscription fees for the two platforms by using the SkillsFuture opening credit of $500 and the one-off top-up of $500 given in 2020.
The subscriptions can be claimed via the MySkillsFuture portal.
Singaporean learners can start enrolling for courses offered by Coursera from Aug 28 to Sept 25, as enrolment opens up every quarter.
Registration and purchase options of the Coursera subscription are available at any time, and there is no limit on how many people can register and enrol for courses.
ST Engineering takes aim at over $11 billion in revenue by 2026 (Straits Times)
ST Engineering (STE) has been transitioning from a yield stock to a yield-cum-growth stock over the past few years, and the investment community is beginning to recognise this.
This trajectory will continue to be supported by strong growth and a robust order book, which now stands at almost $28 billion, according to Mr Vincent Chong, group president and chief execuive of the Singapore-listed aerospace, engineering and defence group.
Job seeker support to start from April 2025 for S’pore workers who earned $5k or less a month (Straits Times)
bout 60,000 jobless Singapore residents will stand to benefit each year from a new job seeker support scheme to be rolled out next April.
To be eligible for the SkillsFuture Jobseeker Support, they must have earned $5,000 or less a month on average for the duration of their previous employment within the last 12 months. They also cannot live in a property with an annual value of more than $25,000.
The annual value of property is the estimated gross annual rent if it were to be rented out, according to the Inland Revenue Authority of Singapore.
They will receive up to $6,000 over six months, starting with $1,500 in the first month, and subsequently tapering down, if they meet the requirements.
Woman arrested for allegedly importing, possessing counterfeit apparel worth over $142,000 (Straits Times)
42-year-old woman was arrested for allegedly importing and possessing counterfeit products worth over $142,000.
In a statement on Aug 27, the police and the Immigration and Checkpoints Authority (ICA) said Criminal Investigation Department officers, after receiving information from ICA and a referral from Singapore Customs, seized a consignment of purportedly trademark-infringing apparel.
They also conducted simultaneous raids in the vicinity of Bukit Batok West Avenue 6 and Bukit Batok Street 22.
The operation, which took place between Aug 15 and Aug 19, resulted in the seizure of more than 14,200 pieces of trademark-infringing apparel and the woman’s arrest.
Jail for man who gave over $235,000 in bribes to a Singapore zoo director (Straits Times)
The sole proprietor of a maintenance and renovation company gave bribes totalling more than $235,000 to a director of facilities management at the Singapore Zoological Gardens.
The prosecution said Chong Chee Wai, who owned Katana Engineering at the time of the offences, gave the bribes to Barry Chong Peng Wee, 57, who has since left WRS, now known as the Mandai Wildlife Group.
As a result of the corrupt arrangement, WRS awarded contracts worth nearly $1.93 million to Katana Engineering. Court documents did not disclose details about the works stated in the contracts.
On Aug 27, Chong Chee Wai, a 48-year-old Malaysian with Singapore permanent residency, was sentenced to 14 months’ jail after he pleaded guilty to five graft charges involving $142,000.
Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report (CNBC)
- Nvidia’s stock has turned increasingly volatile as investors look for any sign that large cloud providers are showing a changed appetite for artificial intelligence processors.
- The chipmaker has been the primary beneficiary of the AI boom, and is poised to report a fourth straight quarter of triple-digit revenue growth.
- Wall Street will be particularly focused on the forecast as year-over-year comparisons get more difficult.
Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car (CNBC)
- Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla’s Model 3.
- The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s formal launch Tuesday evening in Beijing.
- Xpeng shares remain more than 45% lower for the year so far.
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng (CNBC)
- Shares of JD.com inched up about 1.2%, outperforming the Hang Seng Index’s decline of 0.82% on Wednesday.
- The announcement is JD.com’s second buyback this year, after announcing a $3 billion buyback in March.
Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000 (CNBC)
“Crypto markets moved down sharply, triggering a leverage driven liquidation,” said Steven Lubka, head of private clients and family offices at Swan Bitcoin. “The move appears to have been kicked off by a material drop by Ethereum, which has been struggling all year versus bitcoin.”
According to CoinGlass, the futures market has seen $93.52 million in long ether liquidations, which forces traders to sell their assets at market price to settle their debts, across centralized exchanges. Some $85.93 million in bitcoin liquidations have occurred.
“Leverage-driven flushes typically are great buying opportunities,” Lubka added. “And while I expect markets to buy the dip on bitcoin, Ethereum may continue to struggle until investors have a reason to be positive on the asset again.”
For the year, bitcoin is still up 39%. Ether is holding onto a more modest 7% gain.
Eli Lilly releases new form of weight loss drug Zepbound for half the price to boost access, supply (CNBC)
- Eli Lilly released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to increase access for patients without insurance coverage for the highly popular injection.
- The move also aims to expand the U.S. supply of Zepbound amid soaring demand and ensure patients are safely accessing the treatment as cheaper copycat versions of the drug gain traction.
- The company is now offering 2.5-milligram and 5-milligram single-dose vials of Zepbound for $399 per month and $549 per month, respectively, through its direct-to-consumer website.
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