<div class=newsTextDataWrapInner>SINGAPORE (Jan 24): Singapore is stepping up its efforts to nurture its local AI talent pool by investing over S$1 billion (RM3.13 billion) into its public AI research capabilities and talent development programmes, says Digital Development and Information Minister Josephine Teo.</div>

<div class=newsTextDataWrapInner>“We aim also to build core AI engineering capabilities for the translation of theory to systems and applications,” Teo told attendees at the Singapore AI Research Week’s gala dinner on Jan 24.</div>

<div class=newsTextDataWrapInner>The National AI R&amp;D Plan (NAIRD) will run from 2025 to 2030 and span three areas: driving fundamental AI research on topics such as guarding against AI risks and achieving resource efficiency, working with industry partners to adopt and deploy AI in their operations and supporting young talent with their AI research endeavours<a href="https://www.theedgesingapore.com/news/artificial-intelligence/singapore-grows-local-ai-talent-pool-1-billion-investment-plan" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Singapore is stepping up its efforts to nurture its local AI talent pool by investing over S$1 billion (RM3.13 billion) into its public AI research capabilities and talent development programmes, says Digital Development and Information Minister Josephine Teo.

Singapore grows local AI talent pool with S$1b investment plan

Wall Street's main indices staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit stirred concerns about the future of the artificial intelligence (AI) heavyweight.

Wall St recovers as energy shares climb as Nvidia woes deepen

The government is expected to launch the second phase of the Refugee Registration Document (DPP) programme soon, targeting United Nations High Commissioner for Refugees (UNHCR) cardholders not held at Immigration Detention Depots (DTIs).

Second phase of registration of Myanmar refugees expected to start soon — Ahmad Zahid

Pakatan Harapan (PH) is a tested political coalition that remains strong, built on trust and mutual respect among its component parties, says its secretary general Datuk Seri Saifuddin Nasution Ismail.

PH remains strong through trust and mutual respect — Saifuddin

Prime Minister Datuk Seri Anwar Ibrahim has been ranked 13th in the 2027 edition of The Muslim 500: The world's 500 most influential Muslims, published by the Jordan-based Royal Islamic Strategic Studies Centre (RISSC).

Anwar ranked 13th in 2027 list of world’s 500 most influential Muslims

Malaysia is now enjoying greater respect and a positive image internationally, reflecting the country's growing prominence and role on the global stage, Prime Minister Datuk Seri Anwar Ibrahim said.

Malaysia enjoying greater international respect, positive global image — Anwar

New York City's fire department reported on Thursday that more victims had been found after a three-story residential building collapsed, raising the death toll to at least eight, with 19 injured.

Eight dead in New York building collapse

Nvidia Corp’s stock plunged at the open on Thursday, taking the chipmaker’s market capitalisation below US$4 trillion (RM16.28 trillion) for the first time since 2025, after chief executive officer Jensen Huang resigned following the revelation of two affairs, one with a suspected Chinese spy.

Nvidia market cap sinks below US$4 tril following Huang's resignation

US previously owned home sales fell last month to a 16-year low as a cascade of negative news on mortgage rates and inflation deterred would-be buyers.

Existing US home sales tumble to lowest level since 2010

Alice Huang, the alleged Chinese spy at the heart of the scandal that brought down Nvidia's CEO, left Singapore in February and was barred from re-entering after an investigation into possible offences, the country's home affairs ministry said on Thursday.

Singapore barred Alice Huang from re-entry following investigation

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.

Pharmaniaga, Hartalega, Johor Plantations, Keyfield, PIE, Hektar REIT, Eco World & Rimbunan Sawit

Shares related to data centre investments in Malaysia fell on Thursday, led by YTL Power International Bhd (KL:YTLPOWR), amid reports of renewed turmoil at Nvidia.

YTL Power resumes decline amid renewed Nvidia turmoil as data centre pick-and-shovel trade falls

Genting Singapore has reported earnings of S$54.7 million (RM173.7 million) for its 3QFY2026, down 42% year-on-year. Revenue in the same three months ended Sept was down 13% to S$566.1 million, with its key gaming revenue portion down by more than a fifth to S$315 million.

Genting Singapore's 3Q earnings down 42% on weaker gaming revenue

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Summary

<ul>
	<li>The federal government’s non-tax revenue includes ‘net premium from issuance of government financial instruments’ of RM2 billion under Budget 2027</li>
	<li>‘Net premium from issuan...

The State of the Nation: When cash basis accounting allows net bond premiums to lift investment revenue

Malaysia will look into whether Speedmatrix Sdn Bhd, the firm allegedly linked to the Nvidia chip controversy, has breached the country’s export restrictions.

Malaysia to review possible re-export breaches in Nvidia spy scandal

Türkiye has been selected as the preferred country to supply an alternative to Norway's Naval Strike Missile (NSM) for the Royal Malaysian Navy's (RMN) Littoral Combat Ship (LCS) project.

Malaysia picks Turkish firm to supply missiles for LCS 

1. Singapore takes seriously its reputation as a trusted international trading and business hub. We uphold the rule of law and expect all companies operating in Singapore to conduct their business honestly and in accordance with our laws. While Singapore does not enforce unilateral export controls imposed by other countries, we expect all companies operating here to take into account such regulations, including export controls, in their international business activities. Singapore does not condone companies using their association with Singapore to circumvent or violate other countries’ export controls through fraud or dishonest practices. Where there is evidence of breaches of Singapore law, we take firm action.&nbsp;

Singapore’s investigations into Alice Huang and Megaspeed International

Wall Street's main indices staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit stirred concerns about the future of the artificial intelligence (AI) heavyweight.

Global AI-linked stocks fell on Thursday after Nvidia CEO Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns.

Global AI stocks sink as Nvidia CEO's exit deepens sector sell-off

IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT) has trimmed its initial public offering (IPO) price to 91 sen for both retail and institutional investors.

IOIPG REIT lowers IPO price to 91 sen, public tranche oversubscribed 0.59 times

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.

New Zealanders are losing money when they sell their homes at the highest rate in 14 years as the nation’s property market remains depressed.

Losses from reselling homes in New Zealand hit 14-year high

Alice Huang, the alleged Chinese spy at the heart of the scandal that brought down Nvidia's CEO, left Singapore in February and was barred from re-entering after an investigation into possible offences, the country's home affairs ministry said on Thursday.

Impact Capital Holdings Bhd said a total of 24 million shares offered to the Malaysian public by the technology company ahead of its ACE Market debut on Nov 24 were oversubscribed by 139.69 times.

Tech firm Impact Capital’s IPO oversubscribed by 140 times

Malaysia and China should expand their economic partnership beyond traditional trade and investment by placing greater emphasis on innovation, industrial cooperation and talent development, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia-China partnership must move beyond trade, investment — PM

Singapore-based cloud computing firm Megaspeed said on Thursday that it takes compliance obligations under US export control laws "extremely seriously" and that it has cooperated with US inspections.

Nvidia customer Megaspeed says it cooperated with US inspections, takes export control laws seriously

Approved investments in 55 maintenance, repair and overhaul (MRO) projects in Malaysia amounted to RM4.16 billion as of June 2026, according to the Malaysian Investment Development Authority (Mida).

Mida: Approved MRO investments in Malaysia reach RM4.2b as of June 2026

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI falls 0.58% to fresh 14-month low of 1,585.96 on Nov 12, 2026

Johor Plantations Group Bhd’s (KL:JPG) net profit for the third quarter slipped 5.4% on the back of lower palm product delivery volumes, but was supported by firmer prices.

Johor Plantations 3Q net profit slips 5% on lower delivery volumes

Chinese artificial intelligence (AI) stocks tumbled on concerns that cloud operators’ access to advanced chips may face tighter US scrutiny amid the escalating espionage and leadership controversy surrounding Nvidia Corp.&nbsp;

Alibaba shares drop 7% as Nvidia saga triggers chip access fears

US chip giant Nvidia's partners and suppliers across Asia, from memory chip powerhouse South Korea to advanced chipmaking hub Taiwan, are redrawing plans in case chief executive Jensen Huang is ousted over reports of two extramarital affairs.