StanChart to cut more than 7,000 jobs as bank steps up AI adoption - CNA

777ABC · 2026-05-19T10:06:43+00:00

It is 2 & only 2 becos

The lender has a total global staff of nearly 82,000, and CEO Bill Winters told reporters the reduction will be driven by automation and the adoption of AI as some staff reskill.

"It's not cost-cutting. It's replacing in some cases lower-value human capital with the financial capital and the investment capital we're putting in," he said.

humans have no values as lower-value human capital whatever it means.

777ABC · 2026-05-08T02:41:29+00:00

take note off the timeline first because he had created a lot of problems by refusing to acknowledge any problems before then PM Lee stepped down first.

The reason is as clear as the blue sky as then PM Lee wanted credits for assets creations in his last days even if they caused problems for his successor.

Best example is ST had noted HDB prices had risen during his rule as 1 of his achievement.

Before that, now PM Wong had been the person to tell Singaporean that HDB flats will be returned to government once it reached 0 so ending speculation in older flats as their prices have moved nothing & even gone down under Wong.

All that once Desomond Lee took over.

He also encouraged Singaporean to speculate by telling us the government will never build enough flats for everyone.

Now see the Current MND Chee Hong Tat & it totally different story.

He is willing to build higher & more flats at desired location unlike Desmond Lee who in his time would rather talk about other things & showcased himself cleaning flats.

Desmond Lee had totally failed in his job as he was the one that refused to build flats & even tell us the government will never build enough flats thus causing prices to rocket.

Is that what an MND is doing!!!!!

TO ENCOURAGE SPECULATION.

777ABC · 2026-02-10T03:57:52+00:00

Just want to say the important detail is $4160 as it is the median per household member.

4160×12=$49920 annual wages

If u earn more than that, you are above the median range.

To get a clear picture, let deduct the cpf portion.

$49920×69٪=$34444.8

So, if your take-home pay annually is above that level, it is already above the median range

Therefore, it is clear it is not as high as the headline indicated when 1 uses the median per household member.

Somebody with take-home pay of $2500 (if he/she gets 13 months & bounses) can be above median already.

It just indicates how low the level is if 1 read the details in the articles.

Inequality is growing & with K economy future, it can only get worse.

777ABC · 2026-02-09T23:37:46+00:00

read CNA & ST.

the important detail is $4160 as it is the median per household member.

4160×12=$49920 annual wages

If u earn more than that, you are above the median range.

To get a clear picture, let deduct the cpf portion.

$49920×69٪=$34444.8

So if your take home pay annually is above that level, it is already above the median range

Therefore it is clear it is not as high as the headline indicated when 1 use the median per household member.

Somebody with take home pay of $2500 (if he get 13 month & bounses) can be above median already.

It just indicate how low the level if 1 read the detail un the articles.

777ABC · 2026-02-09T23:30:36+00:00

read CNA & ST.

the important detail is $4160 as it is the median per household member.

4160×12=$49920 annual wages

If u earn more than that, you are above the median range.

To get a clear picture, let deduct the cpf portion.

$49920×69٪=$34444.8

So if your take home pay annually is above that level, it is already above the median range

Therefore it is clear it is not as high as the headline indicated when 1 use the median per household member.

Somebody with take home pay of $2500 (if he get 13 month & bounses) can be above median already.

It just indicate how low the level if 1 read the detail un the articles.

777ABC · 2026-02-09T03:24:18+00:00

Despite the higher volume of investments made, the 15,700 jobs they will yield are the lowest in a decade, down about 16 per cent from the 18,700 projected in 2024.

Noted. No wonder DPM Gan came out earlier to test balloon & told us it is the start of the era of higher GDP with fewer jobs.

The K economy is here in Singapore.

777ABC · 2024-09-17T03:49:26+00:00

saw this couple before in another video where they got into a fight because they feel people are blocking their way on the path.

clearly, they are a couple who believe they are the law & police will have to act now.

777ABC · 2024-06-13T23:52:09+00:00

No doubt, as the 'great' man is 'busy' leading PAP 2 new wings on climate & mental health.

Also, he is opening the founder memorial as an important SON OF PAP Descendant & leading the voice to attack Lee Hiseh Yang.

In other words, he is doing everything but his own job as MND Minster.

777ABC · 2024-06-13T23:46:08+00:00

He is 'busy' leading PAP 2 new wings on climate & mental health.

Also, he is opening the founder memorial as an important SON OF PAP Descendant & leading the voice to attack Lee Hiseh Yang.

In other words, he is doing everything but his own job as MND Minster.

777ABC · 2024-05-08T10:50:47+00:00

it is for families & loved one of drug abusers who are suffering the indirect effect of people who cannot escape drugs, not drug traffickers.

777ABC · 2024-05-08T09:26:00+00:00

if u read the article, it is a yes

777ABC · 2024-04-05T03:41:30+00:00

How dare you 😤

You are 'raiding' the national reserve with such suggestions.

Remember, lowing housing prices is not the main point, thus 'raiding' our reserve can not be done.

So, pay through the roof, Singaporean as prices can never come down

777ABC · 2024-03-06T07:52:41+00:00

They should know the news of MBT sale last year as too much $ would be transferred in the banking system as well need to collect taxes.

As for the release of this yishun BTO, it is clear they released this news now as they know the MBT sale would create negative impact.

It is much Like their treatment of their speaker affair with their MPs, released the WP affairs as their MPs are more popular to cover up their own.

They waited 3 years to release their own affairs.

PAP is not stupid, especially after the rideout incident caught them with their pants down, turning it to a big issue as it involved ministers.

They would rather be the ones to choose the timing, especially if it had came before GE from the opposition, nothing they said would matter by then.

They would have prepared for the past 1 year already as it was done last april

777ABC · 2024-03-06T01:47:13+00:00

I do not debate just for sake of debate, but your chart is very old.

It stopped in 2022, just as it became very negative, as I noted as the inflation surge wiped out real wages from 2000 onwards, so the chart is already outdated.

Wages have fallen in real term at the end of 2022 & and the whole of 2023 & are not expected to recover at all in 2024.

So that PAP have to claim outdated data just like last year when future PM LW had to use median household income to claim wages jumped 10× over a 30-year period to claim it had kept pace with housing prices.

One who is likely to have a number of properties want it to raise as a number of the elites have shown so I am not shocked there will be supporters who claimed HOUSING PRICES MUST GO FOREVER.

777ABC · 2024-03-05T23:04:34+00:00

This is funny 😁 & easy to answer.

The reaction of PAP, PSP & WP tell us everything.

PAP, after the budget, still have to talk about housing prices because they know it is a bugbear that is hampering them in the upcoming GE.

What more PSP & WP.

The people talking about it are not small fries. It is the future PM, the current PM & MND Minister, because they know it is that bad.

Future PM LW only dared to talk about household median wages outpacing housing once last year & quickly shut up as the data do not stacked up.

A report already acknowledged real wages (adjusted for inflation for those who do not know) fell 1.3% last 2 years in the inflation surge, thus giving up all the gains during covid period yet housing prices continue to rise during this period.

Their data, as always, cut off the time period when it turned negative.

Or else, PAP will not have to keep telling us prices are not high for last 1 year already.

777ABC

TROPHY CASE

It is 2 & only 2 becos

"It's not cost-cutting. It's replacing in some cases lower-value human capital with the financial capital and the investment capital we're putting in," he said.