Read More

Covid-19 pandemic still taking a toll on public transport worldwide

SINGAPORE - More than 40 per cent of people around the world have cut back on public transport rides, with 8.5 per cent staying away completely since the Covid-19 pandemic started nearly a year ago. In a survey done last month, Israeli mobility app provider Moovit found that of those who still needed to get around, 4.6 per cent have switched to other modes of transport. The firm found that the frequency of public transport usage did not change for 38 per cent of people. Another 7.6 per cent of respondents said their bus and train usage had actually gone up since the pandemic started. Moovit said it polled "tens of thousands" of respondents in more than 100 cities across 28 countries; and pointed out that "at the lowest point in 2020, many cities around the world experienced more than an 80 per cent drop in public transportation ridership". For Singapore, the December survey revealed the aversion to public transport was less severe. More than half of respondents said their usage had not changed since the pandemic, with another 8.2 per cent saying their trips had actually risen. Less than 2 per cent of those polled said they were still staying away from buses and trains, while just o...

Read More

Materials coloured like a peacock

Tsukuba, Japan, Jan 26, 2021 - (ACN Newswire) - Melanin-like compounds can be precisely designed and arranged to colour materials using a mechanism similar to that found in a peacock's feathers. Chemist Michinari Kohri of Chiba University in Japan reviewed the latest research on these 'melanin-mimetic materials' and their potential applications for the journal Science and Technology of Advanced Materials.Scientists are developing materials inspired by the structural colours in a peacock's feathers. (Credit: Takashi Tsujino)Melanin and melanin-like compounds absorb some of the light that is scattered from the microstructures within materials. Scientists are finding ways to control this phenomenon to give a variety of iridescent and non-iridescent colours. (Credit: Michinari Kohri)Melanin is a dark pigment that gives hair and skin its colour. It is also essential for the bright colours we see in some organisms. When light interacts with the structures of feathers, wings and shells of many organisms, like peacocks, butterflies and jewel beetles, it is scattered, appearing white. But when melanin is interspersed within these structures, some of the scattered light is absorbed, producin...

Read More

Fewer cases but dengue still a danger

The danger from dengue is far from over, even as the number of cases in Singapore has fallen, the National Environment Agency (NEA) warned yesterday. There were 156 cases last week, compared with 236 infections a week in mid-December. However, the population of the Aedes aegypti mosquito, the vector that spreads dengue, increased by 8 per cent last month. On top of that, infections by DenV-3 and DenV-4 - two dengue serotypes that are less commonly seen here - have increased and now account for more than half the cases. There are four dengue serotypes. People who have been infected are protected against only that particular type, and not the other three, which means that they remain susceptible. Over the three decades prior to last year, all dengue outbreaks here were caused by either DenV-1 or, since 2016, by DenV-2. As neither DenV-3 nor DenV-4 has infected large numbers of people in the past, the vast majority of the population would be susceptible. The rise of DenV-3 last year likely contributed to the largest dengue outbreak Singapore has ever seen, with a total of 35,315 people infected and at least 29 people dying from the disease. The previous high was 22,170 infections in 2...

Read More

Chinese bank’s first overseas innovation centre opens here

Shanghai Pudong Development Bank (SPD Bank) has opened its first overseas innovation centre here, making Singapore its fintech beachhead to South-east Asia. "The SPD Bank Singapore Innovation Centre is committed to leveraging Singapore's strategic development in fintech to identify and partner high-potential technology companies," the bank said yesterday. The centre aims to promote fintech adoption and add value to Singapore's Smart Nation drive, said the bank. The Straits Times understands that the unit is currently operating out of SPD Bank's branch at the Marina Bay Financial Centre while the bank looks for a permanent site for it. For now, the bank will hire 20 staff - mostly Singaporeans in fintech roles - for the centre. SPD Bank declined to disclose the size of its investment in the new unit. As a global financial centre and a key financial player in China's Belt and Road Initiative, Singapore is the ideal location for SPD Bank's first innovation centre because of its strong fintech ecosystem, said the bank's president Pan Weidong. "With a growing number of leading financial players making their foray into Singapore, the Singapore Government has put in great efforts to enhan...

Read More

Company briefs: Jumbo Group; Boohoo Group; FJ Benjamin Holdings

Jumbo Group The food and beverage (F&B) player announced on Sunday that its indirect wholly owned subsidiary has entered into a joint venture (JV) agreement with The Art of Mee Pok to run outlets selling Teochew fishball and minced meat noodles. Jumbo Group of Restaurants will hold a 60 per cent stake in the JV company - JLL F&B Services - while The Art of Mee Pok will hold the remaining 40 per cent. The JV company will run outlets under the Jalan Tua Kong Lau Lim, The Art of Mee Pok, Lau Lim Mee Pok and/or JTKLL trade names. THE BUSINESS TIMES Boohoo Group The online fashion retailer has agreed to buy the Debenhams brand for £55 million (S$99.8 million) but will not keep the ailing British department stores open, leading to thousands of jobs lost. Boohoo said yesterday it will acquire the Debenhams brand and its fashion sub-brands, including Mantaray and Principles. The modest purchase price reflects the fact that Boohoo is not buying any of the retailer's stock or keeping its 124 stores, which - when the current lockdown in Britain ends - will reopen only long enough to sell remaining merchandise before closing again. BLOOMBERG FJ Benjamin Holdings The mainboard-listed retailer a...

Read More

Amber Solutions Closes 2020 With Series B Funding Totaling More Than $8.5 Million

DUBLIN, CALIFORNIA , Jan 25, 2021 - (ACN Newswire) - Amber Solutions, the young Silicon Valley company that is making the digital control of electricity in solid-state architecture a commercial reality, today announced that its 2020 series B funding round raised more than $8.5 million from new and existing investors, following a successful year of secured patents, partner discussions and multiple industry award wins. According to Amber Founder and CEO Thar Casey, the company's progress in 2020 is all the more remarkable given the challenges posed to the business by the COVID-19 pandemic and related lockdowns that prevented most, if not all, in person product demonstrations."2020 presented a challenging business climate, but our commitment to revolutionize the world's building electrical infrastructure helped Amber enter 2021 with increased investment, new patents, as well as multiple industry award wins and nominations," Casey said. "Amber's progress is a sign of the accelerating demand from major electrical product manufacturers for solid-state electrification technologies and its ability to completely disrupt and transform the enormous global market for electrical products and se...

Read More

BTCST Welcomes Top Bitcoin Mining Partners including BTC.TOP and Genesis Mining

HONG KONG, Jan 25, 2021 - (ACN Newswire) - Standard Hashrate Group (SHG), the project team behind the Bitcoin Standard Hashrate Token (BTCST), today welcomed several world-class mining institutions as partners. Joining the SHG project as tokenization miners are Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group, each major stakeholders in the current mining industry.Alex Zhao, CEO of SHG, said that the partners "share SHG's vision of bringing exchange-level liquidity to mining power and bridging real-world mining to the DeFi world. Their rich experience and collaborative approaches in industrial scale mining will be greatly complementary to SHG." The partners will be working with SHG to tokenize a total of 25 PH/s of Bitcoin hashrate into their BTCST. The institutions will be pooling their expertise to provide assured continuity and the skills needed for BTCST. "As the operator of some of the largest hydropower cryptocurrency mining facilities, we applaud the innovation of the BTCST project," said Jiwei Zhu, Chairman of Hengjia Group.With its successful debut on Binance Launchpool, BTCST has become the benchmark hashrate token with deep market liquidity and price pr...

Read More

NEC Millimeter-wave Distributed-MIMO Technique Triples the Number of Simultaneous Connections and Transmission Capacity in a Real Office setting

TOKYO, Jan 25, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced today it has demonstrated multiple highly stable simultaneous terminal connections and transmission capacity in a real office environment through distributed-MIMO(1) in the 28 GHz millimeter-wave frequency band. This demonstration achieved approximately 3 times the number of simultaneous connections and transmission capacity compared to cases without distributed-MIMO in the 28 GHz frequency band. Moreover, transmission deterioration from obstacles was also reduced.According to NEC research, this is the first demonstration in the industry to apply a distributed-MIMO system in the millimeter-wave frequency band in an office environment. This is expected to contribute to the construction of highly convenient 5G environments that enable simultaneous multiple connections in the future.Earlier this year, Japan began to commercially deploy 5G in the sub 6 frequency band and millimeter-wave frequency band, with the expectation of enhancing network performance to support 10 times more capacity than 4G, as well as higher throughput, lower latency, and multiple connections. However, since the usable frequency band of...

Read More

JBM (Healthcare) Limited to Be Spun Off from Jacobson Pharma Corporation Limited

HONG KONG, Jan 25, 2021 - (ACN Newswire) - JBM (Healthcare) Limited ("JBM Healthcare" or "Company" and, together with its subsidiaries, the "Group"), a Hong Kong-based company that markets and distributes branded healthcare products with product footprint across Greater China, Southeast Asia and certain other countries, today announced details of the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"). Mr. Patrick Wong, Chief Executive Officer and Executive Director of JBM Healthcare (left) and Dr. Chu Ka Wing, President of the Proprietary Chinese Medicine Business and Executive Director of JBM Healthcare (right)Highlights- The fourth largest brand operator that carries both over-the-counter ("OTC") proprietary medicines and OTC proprietary Chinese medicines in Hong Kong in 2019 by revenue - As a subsidiary of Jacobson Pharma Corporation Limited ("Jacobson Pharma"; Stock Code: 2633), JBM Healthcare is a unique field player with drug expertise and a heritage that continues to foster a corporate culture of prioritizing product efficacy and quality- Notable and growing brand portfolio along with a proven brand management capability. As ...

Read More

World Champion! UNISOC Tops the Tables at the MOT20 Challenge

SHANGHAI, Jan 25, 2021 - (ACN Newswire) - On January 19, 2021, at the internationally authoritative MOT20 Challenge (the benchmark for Multiple Object Tracking), the Multimedia Lab UNISOC algorithm outshone, exceeding 70 on the MOTA index, and wins the global championship! And its the only algorithm with more than 70 points on the MOT20 leaderboards, showing that champ UNISOC has taken the leading position in the field of multiple object tracking.MOT Challenge, the most authoritative evaluation platform for multi-object tracking, was co-founded by Technical University of Munich, the University of Adelaide, Swiss Federal Institute of Technology Zurich and the Technical University of Darmstadt. Participants in the competition include relevant teams from the University of Oxford, Carnegie Mellon University, Tsinghua University, Technical University of Munich, Chinese Academy of Sciences, Microsoft and many other companies, universities and scientific research institutions.MOT20-08 Sequence Result DisplayThe MOT Challenge provides highly accurate annotation data and comprehensive evaluation indexes to evaluate the performance of tracking algorithms and pedestrian detectors. The MOT20 b...

Read More

Greenbriar Capital Corp. Partners with Ridge Utilities Ltd. to Unlock the Huge Potential of Micro-Generation in Southern Alberta

Stirling, Alberta, Jan 25, 2021 - (ACN Newswire) - Greenbriar Capital Corp. (TSXV: GRB) ("Greenbriar") is pleased to announce that it has entered into a unique industry leading marketing partnership with Ridge Utilities Ltd. ("Ridge"). The partnership will see Greenbriar support the development of micro-generation capacity for numerous commercial and agricultural sites across southern Alberta, while Ridge Utilities will provide retail customers with access to preferential energy pricing through its "Solar Club".Greenbriar will design, finance, build, own and operate the multiple micro-generation facilities and maintain and manage the operation for at least 20 years. Greenbriar and its stakeholders will finance up to the first CDN $120 Million of new solar facilities and is prepared to extend the commitment up to a further $500 Million. Financing will be done at the project level and will be non-dilutive to Greenbriar Shareholders. The Greenbriar leadership team and its advisors have financed and built over 50,000MW of new solar projects in previous companies since 2003.Ridge Utilities offers exclusive solar club electricity rates for micro-generators who are on a bi-directional cum...

Read More

All bicycles used on public paths and roads must soon have brakes

SINGAPORE - All bicycles used on public paths and roads must soon have at least one functioning handbrake after the Government accepted a proposal to mandate such a move. Safety concerns from the use of brakeless bicycles arose following a fatal accident last year. The Ministry of Transport (MOT) said in a statement on Monday (Jan 25) that the proposal mooted by the Active Mobility Advisory Panel (AMAP) was welcomed by the active mobility community, retailers and pedestrians. "We will work closely with the panel to implement it. More details will be announced in due course," the ministry said. The new rule will affect fixed-gear bicycles, also known as fixies, which generally do not have hand-operated brakes but instead rely on the rider's pedal resistance to stop. It will also affect bicycle motocross (BMX) bicycles, which are off-road sport bicycles used for racing and stunt riding. Such brakeless bicycles came under scrutiny last year when a 13-year-old novice cyclist fell to her death after she collided with a metal railing in a multi-storey carpark in Pasir Ris. The girl was riding her friend's fixed-gear bicycle down a ramp and was unable to stop it. Citing the case in its su...

Read More

Four initiatives to help position Singapore as talent hub in edutech sector

SINGAPORE - An industry-led coalition looking at opportunities for Singapore in the educational technology sector has come up with several initiatives to position the country as a global talent hub in the field. The four initiatives by the Alliance for Action on EduTech - ZilLearn Skills, Agility Growth Index, WorkGuide.co and eduCLaaS Academy - target various segments of the current and potential workforce. Together, they aim to support Singaporeans in their skills acquisition and career pathways, to be better prepared for current challenges and to embrace new opportunities, said the Ministry of Trade and Industry on Monday (Jan 25). ZilLearn Skills is a career advancement platform that provides personalised career and learning recommendations for Singaporeans. This can be done through skill sets evaluation and identifying upskilling and reskilling needs. The target launch date is in March or April. The Agility Growth Index, which has already been launched, is an analytics tool that can help companies, regardless of size, understand the learning behaviours and motivators of their workforce. This could allow them to effectively engage and retain high performers. WorkGuide.co, set t...

Read More

Man on trial for alleged non-consensual sexual act on couch-surfing male tourist in 2019

SINGAPORE - A man is on trial after he allegedly performed a non-consensual sexual act on a male tourist who was couch-surfing in his home in 2019. Now in remand, Filipino Ryan Edward Poquiz Perez, 35, is accused of performing oral sex on the married man without his consent between 1.30am and 2.30am on Jan 11 that year. The 25-year-old alleged victim gave his testimony in a district court on Monday (Jan 25) but it was heard in-camera. This means the hearing was not open to the public, including members of the media. Deputy Public Prosecutor Lim Ying Min told District Judge Ronald Gwee that the man had flown in to Singapore from Switzerland for the trial. He had completed his quarantine and tested negative for Covid-19. The man's identity cannot be revealed due to a gag order and the location of the alleged offence has been redacted from court documents. His wife is also expected to give her testimony in court later this week. Defence lawyer Peter Ong said that Perez has been in remand since 2019. It was not mentioned in court on Monday as to how Perez first met the alleged victim. If convicted of the offence, Perez can be jailed for up to 20 years and fined or caned. More on this t...

Read More

Condolences pour in for mum killed in accident, including from PM Lee

SINGAPORE (THE NEW PAPER) - The family of a freelance balloon sculptor who died after being hit by a lorry near her home in Jurong two weeks ago received an outpouring of condolences after news of her tragic accident broke. Among those who paid tribute to 52-year-old Or Cheng Khim was Prime Minister Lee Hsien Loong. Ms Or's younger sister, Ms Samantha Or, 42, told The New Paper that their father was surprised when he opened the letter addressed to him last Tuesday (Jan 18). In the letter, PM Lee offered his condolences and recalled how he had met the late Ms Or twice when she had helped build balloon walls for private events in 2018 and 2019, the younger Ms Or said. PM Lee also acknowledged the family's decision to donate her organs. "My father felt happy that his daughter was recognised by the Prime Minister," the Singapore Armed Forces defence executive officer added. TNP reported last week that the late Ms Or, who was also a childcare teacher, had been on the way home to surprise her son with sushi when the accident happened. Her son Ng Song Ching, 17, said the family had agreed to donate his mother's organs because it was what she would have wanted. According to Chinese-languag...

Read More

Verofax is the Winner of Bahrain Islamic Bank’s ‘BisB Innovation Challenge’

BAHRAIN, Jan 25, 2021 - (ACN Newswire) - Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the 'BisB Innovation Challenge', a Fintech Competition run as part of the Bank's partnership with 'FinHub 973: CBB (Central Bank of Bahrain) Digital Lab', the Kingdom's open application programming interface (API) innovation platform. Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers' financial data.Verofax, founded by Wassim Merheby, and technology partner Turnkey Lender proposed a unique approach in emerging as the Fintech with potential to build the most promising Proof of Concept (PoC) for the sought solution. Verofax offered a PoC for a Credit Scoring solution, incorporating alternative and unstructured datasets, to improve the Banks speed and breadth of its financial services to existing and new clients. The Credit Scoring solution will constitute a platform that uses adaptive machine learning and sophisticated AI (Artificial Intelligence) to empower the Bank'...

Read More

High net worth professionals prefer Ireland’s IIP for investment immigration due to the greater flexibility and cost certainty it offers

HONG KONG, Jan 25, 2021 - (ACN Newswire) - Ireland has emerged as a preferred migration destination among Hong Kong's high net worth families and professionals. This is evidenced by the more than 300% increase of applications from HK between 2019 and 2020 according to official statistics from the country. With an exceptional standard of living, world class education and the flexibility offered by the country's Immigrant Investor Programme ("IIP"), The Irish Diaspora Loan Fund ("IDLF") saw demand increase significantly during the corresponding period. IDLF, one of the approved products under the programme, saw the number of approved applicants increase by over 300% during 2020. The IIP was established in 2012 to allow individuals and families from outside the European Union to obtain residency in Ireland in exchange for making an approved investment in the Irish economy. Eligible applicants must have a legally accumulated minimum net worth of EURO2 million and make a EURO1 million investment in a product approved under the programme. In 2020, the IIP received over 400 applications from around the world with a growing percentage coming from Hong Kong. Deepening the endorsement for ch...

Read More

TIME Interconnect Technology Limited 2020 Corporate Overview

HONG KONG, Jan 25, 2021 - (ACN Newswire) - Despite the negative impact of COVID-19 on the global economic growth in the past year, the Group obtained solid financial performance.The Group has set up a "Strategic Business Development Task Force", to formulate long-term business strategies for the Group, its main responsibilities are to formulate long-term business strategies for the Group, accelerate the development of new markets and strategic customers for both cable assembly and networking cables business.The Group has gained trial orders from a new prestigious customer for industrial equipment products in March 2020, which has become one of the Group's major revenue contributors in this sector. The Group has successfully acquired Linkz Cables Limited and its subsidiaries on 30 June 2020, which will help to broaden the Group's revenue base and mitigate its risk of customer concentration by merging with the diverse customer base of Linkz.The Group's wholly-owned subsidiary Linkz Industries (Suzhou) Limited has achieved ISO14064 accreditation on environmental control in July 2020, being the first wire and cable company in Asia to receive the Greenhouse Gas verification from Underwr...

Read More

New water detention tank to prevent flooding in Jalan Besar to be completed by 2025

SINGAPORE - A new underground detention tank will be built beside Syed Alwi Road by 2025 to prevent flooding in the low-lying Jalan Besar area. The construction of the tank is part of Singapore's wider efforts to adapt to climate change, which will bring about more frequent and intense rainstorms. When completed, the tank will be able to hold about 9,300 cubic metres of water, or approximately the total capacity of four Olympic-size pools. The tank is designed to cut off the water flow from Rochor Canal into the drains along Syed Alwi Road. During and after storms, the water will be pumped out of the tank and back into the canal. Construction will begin in the third quarter of this year, according to the PUB. It is the third such tank to be built in Singapore. The other two are in Opera Estate near Bedok and in Stamford, near Orchard Road. More on this topic Related Story Not flooding but draining at Bishan-Ang Mo Kio Park Related Story PUB trials new flood protection barrier that can be deployed quickly

Read More

Ogier Claims Record Eighth Monte-Carlo win in Toyota Yaris WRC 1-2

TOKYO, Jan 25, 2021 - (JCN Newswire) - Sebastien Ogier and his co-driver Julien Ingrassia have won the legendary Rallye Monte-Carlo for a record eighth time, leading team-mates Elfyn Evans and Scott Martin in a fantastic one-two finish for the TOYOTA GAZOO Racing World Rally Team on the opening round of the 2021 season. Kalle Rovanpera and Jonne Halttunen finished fourth to complete an amazing weekend for the team.The victory is also the 50th for Ogier and Ingrassia in the FIA World Rally Championship, becoming only the second competitors to reach the landmark.This is the first time that the team has won the WRC's most prestigious event with its Toyota Yaris WRC, having made the podium every year since its debut in 2017. It is the fourth Rallye Monte-Carlo win in Toyota's history, coming on the 30th anniversary of its maiden victory in 1991.Rallye Monte-Carlo lived up to its reputation as the most demanding event on the WRC calendar with special challenges for this year's edition. A modified schedule to follow coronavirus restrictions in France meant that some stages took place before dawn complete with ice and snow. WRC teams also had to get to grips with tyres from the new sole s...