Women lose out amid fall in bank teller jobs

(BLOOMBERG) - For years, women have had a foot in the door to the finance industry by becoming bank tellers. Now that path is disappearing due to the increase in e-banking. The number of tellers - a job in which four out of five positions are held by women - has dropped more than 20 per cent in the United States and Canada in the past decade as transactions move from branches to mobile phones. Technological advances are eliminating the need for bank tellers, threatening an entry point for women in the male-dominated industry which has sought to promote more females to leadership roles. While the climb remains steep, some financial firms have managed to improve the gender balance in their executive ranks. "I wouldn't have been a banker without it," said former Wells Fargo chair Betsy Duke, who started as a teller. Women hold 51 per cent of entry-level positions and 38 per cent of senior management jobs in the banking and consumer finance industry in the US. "When you already have a workforce that has a lot of women, there are more opportunities for women's leadership," said University of Toronto's Professor Sarah Kaplan, who is director of the Institute for Gender and the Economy. T...

Resale condos are back in vogue in Singapore

The private resale market is making a solid comeback after a hiatus of two years. About 8,880 condominium units were sold last year, over 16 per cent higher than the 7,550 or so units sold in 2019. Moreover, in the first six months of this year, around 7,520 transactions were recorded, surpassing the full-year sales from 2013 to 2016. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Long queues form at wet markets following Jurong Fishery Port’s closure

SINGAPORE - The closure of Jurong Fishery Port has affected fish suppliers and market stalls, and also caused a bit of anxiety among shoppers, who were seen snapping up fish in wet markets on Saturday (July 17). Fish suppliers took to social media to announce they would not be taking in any new orders, while market stalls selling fish sold out early for the day. A teacher in her 40s, who wanted to be known as only Catherine, was among the early birds who managed to get some fish before the stalls closed. She said: "I was a little concerned when I heard about the situation. Since I live near Clementi wet market, I come here to buy fish at least once a week, not only for myself but also for my family. I plan to purchase a little more today, perhaps twice the usual amount I buy." The two-week closure of Jurong Fishery Port from Saturday to July 31 is meant to help break the chain of Covid-19 transmission and enable deep cleaning after a cluster emerged there. The Ministry of Health on Friday declared a cluster at the port and Hong Lim Market and Food Centre, with a total of seven Covid-19 infections. Jurong Fishery Port is one of two ports that handles fish supplies into Singapore. Th...

URA seeks ideas from Singaporeans for long-term land use plans

SINGAPORE - For the first time in 50 years, the review of the Singapore's long-term land use plans will yield not just one plan, but several options to deal with an increasingly uncertain future, and Singaporeans are being asked to contribute their ideas and vision. As part of the review, the public's opinions are being sought through a year-long consultation exercise, the Urban Redevelopment Authority (URA) announced on Saturday (July 17). Amid greater uncertainties caused by social, demographic, environmental and technological changes, the long-term planning review will focus on resilience, flexibility and inclusiveness, URA said. The agency added that flexibility in planning will allow future generations to adapt and adjust to disruptions like Covid-19. Public consultation for the long-term planning review will take place in four phases between this month and next June, with each phase lasting about three months. National Development Minister Desmond Lee and Second Minister for National Development Indranee Rajah kick-started the consultation on Saturday, in a closed-door discussion with 20 youth. From Saturday until Aug 16, the public can provide their views through an online p...

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Morning Briefing: Top stories from The Straits Times on July 17

Good morning! Here are our top stories to kick-start your Saturday, July 17. Jurong Fishery Port, Hong Lim Market, Jalan Besar eatery closed as 2 new Covid-19 clusters surface Seven cases were linked to each of the two new clusters. READ MORE HERE 29 women arrested in operation targeting pivoted KTVs; 10 to be deported A total of 29 women aged between 20 and 47 were arrested. READ MORE HERE Singapore to tighten Covid-19 measures from July 19: What you need to know MOH has announced a calibrated tightening of some measures to contain the spread in the community. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news South-east Asia's Covid-19 vaccine scramble ST reports on the vaccination roll-out in South-east Asia and its critical role in stemming a fresh wave fueled by the Delta variant. READ MORE HERE Singapore to donate Covid-19 vaccines under global initiative to other countries: PM Lee The Republic intends to donate its excess vaccines under the Covax initiative to other countries. READ MORE HERE Only 6 of first 88 cases in KTV Covid-19 cluster fully vaccinated; patrons included 19-year-old The cases included individuals between the ages...

US stocks end lacklustre week on losing note

NEW YORK (AFP) - Wall Street stocks fell on Friday (July 16), ending a lacklustre week on a negative note amid uncertainty over the outlook for global growth and inflation. Analysts pointed to profit taking as a factor in Friday's session and throughout the week following records earlier in the month. The losses pushed all three major indices into the red for the week. Investors are "continuing to trim winning positions," said Briefing.com analyst Patrick O'Hare, as investors await more clarity on the course of the economy. The broad-based S&P 500 ended down 0.8 per cent at 4,327.16, taking its weekly losses to around one per cent. The Dow Jones Industrial Average fell 0.9 per cent to 34,687.85, while the tech-rich Nasdaq Composite Index dropped 0.8 per cent to 14,427.24. Retail sales rose 0.6 per cent last month, an unexpectedly strong performance as shoppers stepped up purchases at department stores and electronics outlets as pandemic business restrictions ease. But a survey by the University of Michigan showed consumer confidence weakening, with inflation playing a role in the report that lagged expectations. Among individual companies, Dow member Intel fell 1.5 per cent followi...

Airlines, hotels and travel agents in S’pore hunker down for long haul

SINGAPORE - The travel sector remains in survival mode with business at rock bottom, staff morale in the basement and leisure jaunts showing no signs of recovery any time soon. As grim as it is, companies are still cautiously optimistic that the good times will roll again once the pandemic blows over. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

S’pore’s construction sector faces manpower, materials roadblocks with future uncertain

SINGAPORE - The road ahead for the construction industry remains uncertain, for while Singapore may have quelled the Covid-19 outbreak in worker dormitories here and is gradually opening up, the countries that supply manpower and materials for the construction industry have not, some contractors told The Straits Times. Malaysia's full movement control order that was implemented on June 1, for instance, affected the inflow of precast components used in the Housing Board's Build-To-Order (BTO) projects, said one. Around 60 per cent to 70 per cent of BTO blocks are built using a prefabricated pre-finished volumetric construction method, which has entire units built in factories and assembled on-site, Lego-style. The majority of the components are imported from Malaysia and supply has been greatly disrupted, said Mr Ganessaraj Soocelaraj, group chief executive of Soilbuild Construction. "Locally, we've got a good system going, with vaccination and regular testing among the workers. But our construction sector still relies so heavily on imports, both for manpower and materials, and these external factors are out of our control," said Mr Ganessaraj. "Nevertheless, there is some optimism,...

S’pore residents employed overseas but working here remotely must now pay tax

SINGAPORE - Singapore residents who are employed overseas but are working here remotely must now pay tax after a pandemic-related exemption ended on June 30. The exemption for such employees came into force last April due to Covid-19 and allowed workers to re-locate temporarily to Singapore, perhaps for family reasons or peace of mind, but without being hit with additional tax. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Habitat for Humanity’s regional ShelterTech accelerator concludes with a bold vision for the affordable housing sector

MANILA, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - A Global Summit celebrated the conclusion of Habitat for Humanity's ShelterTech accelerator in Southeast Asia, where the ten startups presented their work and progress to date, followed reflection by investors and ecosystem partners on why innovation in affordable housing market is critical. First launched in 2017 with accelerator programs in Mexico, India and Kenya, ShelterTech has grown into a global platform to connect innovating ideas, products and services in affordable housing, with special focus on solutions that work in the context of the COVID-19 pandemic. ShelterTech aims to make housing a top impact investment category. "ShelterTech works across sectors, industries and geographies to bring together the most impactful and cutting-edge innovations improving housing conditions for low-income families across the globe. We chose the ten startups in the Southeast Asia cohort because we believe they will make significant contributions to addressing the global housing deficit," said Jonathan Reckford, CEO of Habitat for Humanity, at the opening of the Summit. Launched in Southeast Asia in July 2020, the accelerator attrac...

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The Collective Gears up to Launch Decentralized Freelance Marketplace

San Antonio, TX / SEAPRWire / July 16, 2021 / - The Collective is a new project set to launch one of the first decentralized freelance marketplaces. The platform will be powered by The Collective Coin (TCC), which will be the primary means of paying for services in the marketplace and will provide liquidity for the ecosystem. Andrew Gago, Sal Tinajero and Brandon Ponce first met each other after they had each invested in the same NFT platform. The platform that the three invested in crashed after being hamstrung by the lackluster support and vision of its creators. Like so many other failed projects in the cryptocurrency industry, the idea was big on paper but the founders were unable to see it through and the use cases just weren't there. Frustrated by what they perceived as an all-too-common thread in crypto, Andrew, Sal and Brandon started brainstorming ideas on what needs to be different, how a platform can succeed, how to materialize the great potential they saw in DeFi technology. For a platform to really take off, they concluded, it has to have real advantages that will allow it to grow, and concrete use cases that give its currency tangible value. The result of that brainst...

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Premier of South Australia Launches $1.5m Vaccine and Immunobiology State-of-the art Laboratory for APAC Clinical Trials

ADELAIDE, AUS, July 14, 2021 - (ACN Newswire) - Agilex Biolabs, Australia's largest and most technologically advanced regulated bioanalytical laboratory for clinical trials today announced that the Premier of South Australia the Hon Steven Marshall MP has launched its new $1.5m vaccine and immuno-biology laboratory. The facility, the most sophisticated in APAC, will attract biotechs and pharma from around the world for advanced clinical research. Premier of South Australia the Hon Steven Marshall MP has launched Agilex Biolabs' new $1.5m vaccine and immunobiology laboratory. Over the past 2 years, Agilex Biolabs has invested more than $3.5m in technology and systems at the APAC headquarters in Adelaide.Premier of South Australia, Steven Marshall launched the new facility today, thanking Agilex Biolabs for investing in the State and creating jobs in this important sector."South Australia is the most liveable city in the country, and the third in the world and investment such as this continues to build on this," Premier Marshall said."This new facility certainly puts South Australia firmly on the global map for high-tech clinical research.""We have seen significant advances in vaccin...

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The Executive Interview: Silicon Craft Technology PCL (SET:SICT)

BANGKOK, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - Silicon Craft Technology PCL (SET:SICT) Co-Chief Executive Officer, Dr. Bodin Kasemset discusses the company's strategy and outlook in The Executive Interview (TEI) by ShareInvestor.com.TEI: Please share your background and your work experience in the semiconductor industry.I graduated my bachelor's degree from the Faculty of Engineering, Chulalongkorn University. That was the first batch of the Automotive Engineering Department. After my graduation, I pursued my master's and doctoral degrees in Hamburg, Germany in Automotive Electronics, which was truly a dream-come-true experience for me. It was fortunate of me that the Head Professor at the laboratory where I used to work was the former Head of Research & Development at Infineon; the world's first or second largest semiconductor company that specializes in automotive electronics. So that has earned me the opportunity to work with this professor.When I was granted the scholarship for my doctoral degree, I had a chance to work and live in Germany for 8-9 years; from college years to my career as a researcher. After my doctoral degree graduation, I did my post-doctoral ...

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HKTDC Hong Kong Book Fair, Sports and Leisure Expo and World of Snacks open to public today

Fair runs under 'Inspirational and Motivational Reading' theme HONG KONG, July 14, 2021 - (ACN Newswire) - The 31st HKTDC Hong Kong Book Fair, organised by the Hong Kong Trade Development Council (HKTDC), begins today at the Hong Kong Convention and Exhibition Centre (HKCEC) and closes on 20 July. Running in tandem with the Book Fair are the HKTDC Hong Kong Sports and Leisure Expo and debut HKTDC World of Snacks. Together they are welcoming more than 760 exhibitors to deliver a brand-new experience to visitors, with an array of books, leisure activities and tasty treats. Officiating at this morning's opening ceremony for the long-awaited event were Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region, together with Dr Peter K N Lam, Chairman of the HKTDC, and Margaret Fong, Executive Director of the HKTDC. Carrie Lam (second from left), Chief Executive of the Hong Kong Special Administrative Region (HKSAR), together with Dr Peter K N Lam (second from right), Chairman of the HKTDC, Edward Yau (left), Secretary for Commerce and Economic Development of the HKSAR, and Margaret Fong (right), Executive Director of the HKTDC, joined other guests at this morning's ope...

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Black Spade Acquisition Co Announces Pricing of $150 Million Initial Public Offering

HONG KONG, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - Black Spade Acquisition Co (the "Company") today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the New York Stock Exchange (the "NYSE") under the ticker symbol "BSAQU" beginning July 16, 2021. Each unit consists of one of the Company's Class A ordinary shares and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on the NYSE under the symbols "BSAQ" and "BSAQWS," respectively.The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. Although the Company may pursue an initial business combination opportunity in any industry or any region, it is focused on identifying a business combination target that can benefit from the extensive c...

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EST Global Inc. Sponsors CryptoNite

Washington, D.C., Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - Dr. Sindhu Bhaskar, the Chairman and Founder of EST Global Inc. has sponsored CryptoNite Evening Reception during Government Blockchain Week.CryptoNite, one of the 3 Evening Receptions during Government Blockchain Week, will take place on the rooftop of the International SPY Museum. On Wednesday, September 29, CryptoNite will be a cryptocurrency party with a James Bond twist. What better way could there be to network with the finance and crypto leaders than to engage in espionage while dressed like a movie star? During a week of everything blockchain, CryptoNite will be one night you won't want to miss, and transformative innovators like EST Global Inc. are making it all happen.EST Global Inc. is leading the way in the banking and financial sector by developing tools that encompass every segment of banking. From digital wallets, to identity, investment, and digital asset management, EST Global is making banking united, sovereign, and secure. With EST, banking is as intuitive as unlocking your phone with your fingerprint. The EST Ecosystem is solving today's biggest problems in the existing financial system.Dr. Sind...

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中国领先的独立临床特检服务提供商康圣环球于香港联合交易所主板成功上市

HONG KONG, Jul 16, 2021 - (亚太商讯 via SEAPRWire.com) - 中国领先的独立临床特检服务提供商康圣环球基因技术有限公司 (「康圣环球」或「公司」,股份代号:9960.HK,今天于香港联合交易所有限公司(「联交所」)主板上市。鸣锣开市康圣环球基因技术有限公司执行董事、主席、首席执行官兼首席医务官黄士昂医生致辞康圣环球本次全球发售226,405,000股股份,发行价格为每股9.78港元,全球发售所得款项净额预计约为2053.6百万港元(不含超额配售)。公司于香港公开发售反应热烈,初步提呈的发售股份已获大幅超额认购,相当于香港公开发售初步可供认购的22,640,500股香港发售股份约543.03倍;国际发售获得大幅超额认购,相当于根据国际发售初步可供认购发售股份总数约13.81倍。康圣环球基因技术有限公司执行董事、主席、首席执行官兼首席医务官黄士昂医生表示︰「今天,康圣环球在联交所上市,踏上国际资本舞台,是公司的一个重要里程碑。我们在中国的独立临床特检领域拥有独特优势,自2003年成立以来,我们战略上一直专注于临床特检,康圣环球拥有先进的技术平台和全面的特检组合,一体化全国销售及物流网络,以及具有强大的专有研发及业务开发能力推动持续增值创新。未来,我们将继续巩固在中国血液病学临床特检中的领先地位,同时复制我们在血液病学特检中的成功经验,加快其他专科领域的增长;我们还将进行跨行业价值链迁移,提升业务竞争力,并将检测足迹拓展至世界,致力于为全球患者及医生提供广泛而优质的专科检测服务,进一步促进精准医疗的应用。」关于康圣环球基因技术有限公司康圣环球是中国领先的独立临床特检服务提供商。在中国所有独立特检供货商中,康圣环球拥有最大的特检组合,在服务列表上提供逾3,500种检验项目,包括逾2,300种血液学检验项目。超过1,100种检验项目完全由内部开发,及约2,400种检验项目由第三方开发或从第三方授权引入。康圣环球在血液学、遗传病及罕见病、传染病、肿瘤、神经学及妇科相关疾病等各个专科领域提供全标本种类的检测服务。此新闻稿由博达浩华国际财经传讯集团代表康圣环球基因技术有限公司发布。如有垂询,请联络︰博达浩华国际财经传讯集团冯嘉莉小姐 +852 3150 6763 kelly.fung@pordahavas.com陆 淼小姐 +852 3150 6788 ivy.lu@pordahavas.com刘 媛小姐 +8621 3397 8842 louise.liu@pordahavas.com陈 蒙小姐 +8621 3397 8842 mona.chen@pordahavas.com Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

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NEC SX-Aurora TSUBASA vector supercomputer sets record in processing performance in STAC-A2 Benchmarks

TOKYO, Jul 16, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) today announced that the NEC SX-Aurora TSUBASA vector supercomputer set a record in the STAC-A2 Benchmark tests, which measure the computational performance of Monte Carlo-based risk simulations common in financial markets. An independent audit conducted in April 2021 by the Securities Technology Analysis Center (STAC) showed that in cold runs of a workload that calculates options Greeks for a large problem size, this solution had the fastest time of any system STAC has publicly reported to date.*In recent years, as the digitization of financial transactions has progressed, the amount of data being processed has increased exponentially. As a result, the use of supercomputers for market risk analysis and other purposes is rapidly advancing, especially in the U.S. and Europe, and there is greater need to improve data processing performance. Based on the results of the STAC-A2, NEC aims to use SX-Aurora TSUBASA to help improve the fairness and reliability of financial markets. The STAC-A2 Benchmark suite is the industry standard for testing technology stacks used for compute-intensive analytic workloa...

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ZALL Makes Headway in Global Digital Trade with New Strategic Rebrand

SINGAPORE, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - ZALL Smart Commerce Group (ZALL), Asia's largest B2B e-commerce group, looks to become the world's leading global digital trade platform with its new strategic rebrand. It aims to create an open and interconnected B2B trading ecosystem between China and ASEAN, and to drive the rapid growth and development of industries and businesses through the use of new trading methods and advanced technologies.With the strategic rebrand, ZALL aims to create value through its global intelligent services across B2B transactions, supply chain services and digital cloud services, transforming industrial value chains across the region and enabling businesses to improve overall efficiency. ZALL currently serves around 30 B2B platforms in China, the United States and Singapore, to millions of SMEs worldwide. It has also been investing heavily in the development of next-generation intelligent trading platforms to help empower seamless data exchange across platforms integrating information, logistics and capital flows across wholesale and commodities, retail trade and logistics industries in China and Singapore.Testament to their hard work and...

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Tiger Brokers Singapore to Offer Singapore’s First Dividend-Paying China-Focused ETF through Lion Global Investors

SINGAPORE, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers) today announced that they had been invited by Lion Global Investors, one of the largest asset managers in Southeast Asia, to be among the Authorised Participating Dealers (PDs) for the Lion-OCBC Securities China Leaders ETF, listed on Singapore Exchange Securities Trading Limited (SGX-ST). Investors on Tiger Brokers' platform, Tiger Trade, will be able to access Singapore's first China-focused dividend-paying ETF. This ETF allows investors to partake in China's growth story as well as diversify their investment portfolio by including Chinese stocks in an easy and affordable way. Tiger Brokers' investors will be able to subscribe for units in the Lion-OCBC Securities China Leaders ETF via the trading platform between 15 to 27 July 2021, 12 noon before the listing date.Eng Thiam Choon, CEO of Tiger Brokers (Singapore), shared, "Tiger Brokers (Singapore) is always looking for ways to help our investors diversify their portfolio. We are honoured to be one of the first online brokerages to be appointed as the authorised participating dealer among other well...