Succession war erupts among Singapore's wealthiest family

Succession war erupts among Singapore’s wealthiest family

A dramatic family feud reminiscent of the popular series “Succession” has erupted within one of Singapore’s wealthiest families. Property magnate Kwek Leng Beng has leveled accusations against his son, alleging a scheme to orchestrate a boardroom coup. Mr. Kwek has submitted legal documents alleging that his son, Sherman, is attempting to seize control of the…

Major Asian bank will lose 4,000 jobs as AI replaces people

Major Asian bank will lose 4,000 jobs as AI replaces people

Singapore‘s largest bank has announced plans to reduce its workforce by 4,000 positions over the next three years. The decision is attributed to artificial intelligence’s increasing capabilities in performing tasks traditionally handled by human employees. A spokesperson for DBS informed the BBC that the workforce reduction will occur through natural attrition as temporary and contract…