Daily Debrief: What Happened Today (May 12)
Indonesia targets $30B clean power exports to Singapore by year-end. Grab is boosting product development using AI, but experts caution that rapid corporate AI adoption must be matched by robust governance frameworks. SIA Engineering expects only moderate impact from the Middle East war.
- The planned development can deliver around 3 gigawatts of renewable energy capacity. PHOTO: REUTERS
Indonesia targets year-end start for US$30 billion clean power exports to Singapore
[JAKARTA] Indonesia plans to begin exporting clean electricity to Singapore as early as the end of this year, a senior investment official said.
SIA Engineering expects ‘moderate’ impact from Middle East war – for now
[SINGAPORE] SIA Engineering is not spared from rising electricity cost and diesel prices, but the impact will be muted to a “large extent” given the size of the business, said CEO Chin Yau Seng at an earnings briefing on Tuesday (May 12).
Grab seeks AI edge in product development using agentic engineering, vibe coding
[SINGAPORE] Artificial intelligence is aiding Grab in its product development, boosting productivity for engineers and allowing non-technical staff to launch prototypes for testing faster.
Companies need to govern AI risks as adoption outpaces oversight: KPMG, IIA Singapore
[SINGAPORE] Companies are adopting artificial intelligence at a pace that governance and internal audit functions are struggling to match, noted a report by the Institute of Internal Auditors (IIA) on Tuesday (May 12).
Franklin Templeton appoints former BOS managing director to new Apac private markets wealth role
[SINGAPORE] Global asset manager Franklin Templeton on Tuesday (May 12) announced the appointment of Chee Jiun Wen as the head of private markets for Asia-Pacific wealth.
UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1
[SINGAPORE] UMS Integration on Monday (May 11) posted a 43 per cent surge in earnings to S$14 million for its first quarter ended Mar 31, from S$9.8 million in the previous corresponding period.
來源：The Business Times
