US stocks retreat from records as pandemic stimulus talks drag on

elean 19 12 月

3 minutes

NEW YORK (AFP) - Wall Street stocks declined on Friday (Dec 18), retreating from records, as markets awaited resolution of long-running congressional talks on another relief package for the coronavirus-ravaged US economy. Congressional leaders have described the negotiations as in the home stretch, but there was still no deal Friday afternoon ahead of a midnight deadline to avert a government shutdown. The Dow Jones Industrial Average dropped 0.4 per cent to 30,179.05. The broad-based S&P 500 also fell 0.4 per cent to 3,709.41, while the tech-rich Nasdaq Composite Index slipped 0.1 per cent to 12,755.64. All three indices had closed at records on Thursday, in part on optimism about a stimulus package. Republicans and Democrats braced for possibly working through the weekend to conclude a US$900 billion (S$1.2 trillion) deal aimed at providing emergency relief for millions of struggling families and businesses amid signs of a worsening economy and as the country sees record high death tolls from the coronavirus pandemic. "While there's a lot of optimism about stimulus, it's important not to count on it," said TD Ameritrade's JJ Kinahan in a note Friday morning. "It's easy to see thi...

SeaPRwire

$25m boost for people with disabilities, public education

aseanpr 19 12 月

3 minutes

A new $25 million initiative with the dual aim of supporting projects that help people with disabilities and funding public education for a more inclusive society was launched yesterday. The new Enabling Lives Initiative (ELI) - a partnership between SG Enable and the Tote Board - will run from this year to 2024, taking over the previous Tote Board Enabling Lives Initiative that ran for five years from 2015. Under the new scheme, the Tote Board has committed $20 million to the ELI Grant that will support initiatives on the ground and $5 million for public education. Care & Share Movement, led by the Community Chest, has also committed $1.196 million to co-fund public education efforts. Yesterday's launch at the Enabling Village, a community space at Lengkok Bahru for people with disabilities, was attended by Minister for Social and Family Development Masagos Zulkifli. Mr Masagos said the ELI is another milestone in Singapore's endeavour to build a caring and inclusive society. He said: "It takes more than just the efforts of the disability sector to realise this vision. Everyone has a part to play. "By sharing a common goal, we can rally a diverse community of partners - each with ...

SeaPRwire

Youth under probe for entering rhino enclosure

aseanpr 19 12 月

2 minutes

The police are investigating an incident involving a youth who trespassed into the white rhinoceros enclosure at the Singapore Zoo on Thursday. Videos being circulated show the man doing a backflip inside the enclosure, before leaping over the barricade and back onto the visitors' footpath. Four rhinos can be seen inside the enclosure. The original video was uploaded onto the youth's TikTok account, which has around 33,000 followers, but it appears to have been taken down. Wildlife Reserves Singapore told The Straits Times that it filed a police report on Thursday. It condemned the youth's actions in an Instagram story posted yesterday, calling it a "reckless and mindless act which is socially irresponsible, extremely dangerous and simply disrespectful to wildlife and animals". The zoo operator also urged people not to pull such stunts as lives could be put in danger. In November 2008, a 32-year-old Malaysian man was mauled to death by three white tigers after deliberately climbing into an exhibit at the Singapore Zoo. The man, who worked as a cleaner, had jumped into the moat that separated the tigers from visitors and waded towards the creatures. He was attacked and killed in ful...

SeaPRwire

G.H.Y. Culture & Media up as much as 6.1% on SGX debut

elean 19 12 月

3 minutes

Entertainment and content provider G.H.Y. Culture & Media Holding began trading on the mainboard of the Singapore Exchange (SGX) yesterday at 70 cents, some 6.1 per cent higher than its initial public offering (IPO) price of 66 cents per share. As at 10.02am, the stock eased to trade at 66.5 cents, translating to a gain of about 0.8 per cent from the IPO price. With nearly 8.7 million shares having changed hands at that time, G.H.Y. was one of the most active counters by volume on the Singapore bourse in the morning. G.H.Y. group chief executive and chairman Guo Jingyu yesterday said the listing enables the firm - which produces and promotes dramas, films and concerts in the Asia-Pacific region - to enhance its profile both in Singapore and abroad. G.H.Y. sold 21.7 million shares priced at 66 cents apiece as part of its listing on the SGX. The offering comprised 18.7 million placement shares and a public offer of three million shares. The public offer closed at noon on Wednesday. The firm on Thursday evening reported that it received applications from both retail and institutional investors for 16 times the number of shares available in the IPO's public tranche. There were 1,402 va...

SeaPRwire

Singapore start-ups find solutions to give waste a new lease of life

elean 19 12 月

1 minute

SINGAPORE - Road construction material, beer and energy - these are some things that start-ups in Singapore are looking to produce as they reuse or recycle waste. Waste management is a growing sector here, with more innovators and entrepreneurs working across the entire supply chain, from collection to processing, and in education, said ecosystem players. 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.

SeaPRwire

STI slips 0.3% amid uncertainty over Brexit, US stimulus package

elean 19 12 月

2 minutes

Continued uncertainty about the Brexit talks and a United States stimulus package caused Singapore shares to end the week lower alongside other markets in the region. The benchmark Straits Times Index (STI) finished yesterday's trading session at 2,848.98, down 0.3 per cent or 9.04 points. On the broader market, advancers outpaced decliners 222 to 205, after some 1.76 billion securities worth $1.71 billion changed hands. Other Asian markets also slipped. Malaysia's KLCI lost 1.3 per cent, the Nikkei 225 fell 0.2 per cent and the Hang Seng Index shed 0.7 per cent. On Wall Street, however, traders were optimistic about a round of fiscal stimulus against the raging pandemic. All three indexes ended Thursday's trading session in the black. The Dow Jones Industrial Average rose 0.5 per cent; the S&P 500 gained 0.6 per cent and the Nasdaq climbed 0.8 per cent. But Mr Stephen Innes, chief global markets strategist at Axi, said some investors are looking to sell rather than hold on to investments. Keppel DC Reit was the biggest advancer for the day, gaining 2.2 per cent to close at $2.79. A few other real estate investment trusts (Reits) also had gains. Mapletree Logistics Trust added 2.1 ...

SeaPRwire

Singapore start-ups serve up innovative waste solutions

elean 19 12 月

1 minute

Road construction material, beer and energy - these are some things that start-ups in Singapore are looking to produce as they reuse or recycle waste. Waste management is a growing sector here, with more innovators and entrepreneurs working across the entire supply chain, from collection to processing, and in education, said ecosystem players. 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.

ACN Newswire

NaturalShrimp, Inc. Closes on the Asset Purchase of Alder Aqua, LLC f/k/a VeroBlue Farms

indie 18 12 月

4 minutes

Dallas, TX, Dec 18, 2020 - (ACN Newswire) - via NewMediaWire - NaturalShrimp, Inc. (NSI), (OTCQB:SHMP), an aquaculture Company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has formally closed the acquisition for the assets of Alder Aqua, formerly known as VeroBlue Farms in Webster City, Iowa, including but not limited to the real property, equipment, tanks, rolling stock, inventory, permits, customer lists, contracts and other such assets used in the operation of the business.Gerald Easterling, CEO of NaturalShrimp, commented, "This acquisition represents a watershed moment for both the Company and its shareholders. The state-of-the-art facility, alongside our other expansion project in La Coste, Texas provides NSI the resources and capacity to become the largest RAS shrimp producer in the country. This turnkey operation affords us the benefit of not only creating a facility that will produce thousands of pounds of shrimp per week, but also the opportunity to work with existing Barramundi distributors for an incremental revenue stream that could be effective in a relatively short time....

ACN Newswire

On the Wave of 5G, AsiaInfo (HKG:1675) Ready to Become a Legend Again

indie 18 12 月

11 minutes

HONG KONG, Dec 18, 2020 - (ACN Newswire) - Back in 1995, China didn't even have dial-up networking when China Telecom planned to open two 64-k lines through Sprint, an American company, one in Beijing and the other in Shanghai, which became the earliest commercial Internet in China. AsiaInfo (HKG:1675) won this order, thus creating ChinaNet, the first commercial Internet backbone network in China. So to speak, AsiaInfo was the legend that opened the gate to the world of Internet for China, and it also became the first Chinese high-tech company that was listed on NASDAQ.Twenty years later, AsiaInfo, an old telecome software giant, delisted from the American market and listed in Hong Kong, starting a new journey with a market value of HK 10 billion dollars. However, "the story of AsiaInfo" didn't draw much attention in Hong Kong. As a matter of fact, while maintaining its original business, it's also been exploring new fields so as to seize the opportunities in the 5G era. Based on some information made public recently, the author has conducted an analysis. 1. On the wave of 5G, does AsiaInfo have a chance for breakthroughs in its main business?For AsiaInfo, BSS (Business Support Sys...

JCN Newswire

Hitachi Automotive Systems Stereo Camera with Lane Keep Assist Adopted by Suzuki for their ‘XBEE’ with Enhanced Safety Devices

ruth 18 12 月

3 minutes

TOKYO, Dec 18, 2020 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. today announced that its stereo camera, with lane keep assist and nighttime pedestrian detection features, has been adopted by Suzuki Motor Corporation for their "XBEE". Launched in October 2020, the "XBEE" is a mini passenger vehicle with enhanced safety features.In recent years, the adoption of collision avoidance braking systems in automobile safety design has accelerated due to their effectiveness in mitigating traffic accidents. The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) plan to make it mandatory for all new passenger vehicles produced in Japan to have collision avoidance brakes from 2021. Automobile safety has been improving with the application of automatic brakes and the increased adoption of advanced safety features, such as pedestrian detection and protection systems. These trends are expected to promote an increase in consumer demand for new vehicles.The "XBEE" is the first Suzuki vehicle to adopt a "Lane Keep Assist Function(1)" which keeps the vehicle close to the center of the lane. Other advanced driver assistance systems (ADAS) adopted in the "XBEE" include "Adaptive Crui...

JCN Newswire

Eisai Completes Construction of the 5th Manufacturing Building at Kawashima Industrial Park in Japan

ruth 18 12 月

2 minutes

TOKYO, Dec 18, 2020 - (JCN Newswire) - Eisai Co., Ltd. announced that it has completed construction of the 5th manufacturing building at the Kawashima Industrial Park located in Gifu Prefecture, Japan.External views of the 5th manufacturing buildingThe 5th manufacturing building is a facility specifically designated for formulating anti-cancer drugs (total floor area: approximately 4,500m2). Since anti-cancer drugs are highly active, this building is designed to make it possible to manufacture anti-cancer agents more safely, with various preventive features for controlling highly active substances, such as preventing cross-contamination of agents and exposure to workers. Eisai plans to manufacture its in-house discovered and developed anti-cancer agent Lenvima, which are in increasing demand worldwide, at this facility from FY2021. We also secure space for further installation of manufacturing equipment for other anti-cancer drugs within this building. The total investment for the construction of the 5th manufacturing building is approximately 5 billion yen.The Kawashima Industrial Park, opened in 1966, is Eisai?s global pharmaceutical manufacturing base. In addition, this Industri...

JCN Newswire

NEC Completes Submarine Cable System for BSNL Connecting Chennai, India and the Andaman & Nicobar Islands

ruth 18 12 月

3 minutes

TOKYO, Dec 18, 2020 - (JCN Newswire) - NEC Corporation India (NEC India) today announced the successful completion of the flagship optical submarine cable system connecting Chennai, India and the Andaman & Nicobar Islands (A&N Islands) for Bharat Sanchar Nigam Limited (BSNL), a Government of India Enterprise. NEC Corporation (TSE: 6701), the parent company of NEC India, manufactured the optical submarine cable and provided technical assistance during the turnkey implementation.Commenting on the successful completion of the project, Aalok Kumar, President & CEO, NEC Corporation India said, "Completion of this important project marks a major milestone in NEC's journey of partnering with the Government of India to realize their vision of a truly connected India. NEC has been steadfast in its commitment to deliver excellence in innovation in all our areas of operation and this project is a testament to our unwavering dedication. We are hopeful that the internet connectivity will open a wide range of opportunities for the people on the islands."Spanning approximately 2,300km with 100Gb/s optical waves, the cable system connects Chennai to Port Blair and the islands of Havelo...

SeaPRwire

CloserStill Media Wins Hat-trick at Prestigious Association of Event Organisers Excellence Awards

pandora 18 12 月

2 minutes

Despite these trying times, CloserStill Media goes from strength to strength, after winning three momentous awards at the exhibition industry's Oscars. LONDON, Dec 16, 2020 - (ACN Newswire) - The Association of Event Organisers (AEO) the trade body representing trade and consumer events honoured CloserStill Media last week with 3 industry awards of excellence - Best Organiser Team, Best International Show Asia Pacific and Best International Show Americas.Organiser Team of the Year was earned by CloserStill's Operations Team, the AEO judges praised the impressive team, who delivered a diverse range, and ever-growing portfolio of events. The team pulled out all the stops, overcoming huge challenges, to deliver the 2019 events.Best International Show - Asia Pacific was won by CloserStill's Singapore Tech event, the judging panel commented that the event showed a clear and measurable growth strategy which enabled it to achieve spectacular results.Best International Show - Americas was awarded to DevLearn 2019, the judges remarked that the fantastic and highly successful event was led by a passionate team, that clearly demonstrated a key understanding of its audience's needs.Since Close...

SeaPRwire

More checks on F&B outlets over festive period to ensure Covid-19 measures are followed

aseanpr 18 12 月

3 minutes

SINGAPORE - Christmas is coming but Covid-19 measures are here to stay. Starting this weekend, there will be more checks on food and beverage (F&B) outlets to ensure compliance with safe management measures over the festive period, said the Ministry of Sustainability and the Environment (MSE) in a statement on Friday (Dec 18). The increased surveillance will extend over the next few weeks. "While we recognise that many may wish to meet up with family and friends during the festive period or visit popular areas such as Orchard Road, food and beverage outlets and members of the public must continue to take safe management measures seriously, as dining out is an activity that involves considerable risks," said the ministry. "Firm enforcement action will be taken if breaches are found," it added. Under the Covid-19 Regulations 2020, social gatherings in groups of more than five outside an individual's residence are prohibited in phase two. F&B outlets are not allowed to accept bookings from groups that are larger than five, even if such groups are split across multiple tables. Intermingling between groups is also prohibited. The MSE also reminded the public that alcohol should not be s...

SeaPRwire

Two-thirds of public transport vouchers for needy families disbursed

aseanpr 18 12 月

1 minute

SINGAPORE - More than 300,000 public transport vouchers, worth about $15 million, have been disbursed in an exercise which started in November 2019, according to a joint statement by the Transport Ministry and People's Association on Friday (Dec 18). This represents around two-thirds of 450,000 $50 vouchers set aside to help low-income families cope with transportation expenses. The disbursement includes a tranche of 30,000 vouchers which were directly distributed to low-income households. These families need not apply for the vouchers. Eligible households can continue to apply for the vouchers till Jan 31, 2021. Households are eligible if their monthly household income per person - from all sources - does not exceed $1,200. Each voucher must be redeemed by June 30, 2021. They can be used to top up fare cards or buy monthly concession passes. "Eligible households who have yet to apply are encouraged to do so at their local community centres or clubs before the deadline," the joint statement said. More on this topic Related Story No increase in Singapore public transport fares this year amid Covid-19 Related Story Second batch of $150 grocery vouchers for about 150,000 Singaporeans ...

SeaPRwire

Higher standards for pet services in the first half of next year: Animal and Veterinary Service

aseanpr 18 12 月

4 minutes

SINGAPORE - Higher standards of service providers in the pet sector can be expected in the first half of next year, and dog rehoming and adoption processes will also be improved, said the Animal and Veterinary Service (AVS) on Friday (Dec 18). In addition, the AVS has stepped up efforts to educate the public on how to take care of pets, said Minister of State for National Development Tan Kiat How at the launch of new educational activities and resources on animals. Mr Tan said the AVS is reviewing licensing conditions for pet boarders and breeders, as well as looking into raising the professionalism of veterinarians, among other things. It has been consulting closely with key stakeholders, such as animal welfare groups, pet businesses and veterinarians, and will announce more details when ready. In October, a multi-stakeholder Rehoming and Adoption Work Group (RAWG) was formed to improve dog rehoming and adoption processes, said Mr Tan. The work group has been working on guiding principles for dog rehabilitation and training, as well as measures to enhance the competency and standards of dog trainers. The public can provide feedback on the new community standards and guidelines on ...

ACN Newswire

Five-minute Covid test will reveal if vaccine still works

indie 18 12 月

3 minutes

Epalinges, Switzerland, Dec 18, 2020 - (ACN Newswire) - Swiss high-tech company ZENUM has developed one of the most advanced technologies in the fight against Covid-19, and it could be ready for distribution as early as next month. The world's first five-minute portable Coronavirus test will also detect how much immunity remains after taking a vaccine. NANOFLUIDIC RAPID TEST KIT - Identify from a drop of blood whether a person's Covid-19 vaccine is still valid - in 5 Minutes! ZENUM SWITZERLAND 2021The game-changing ZEKNANO rapid test kit uses a tiny finger-prick blood sample, instead of swabs. It can be taken anywhere, has close to 100% accuracy, and also measures severity of infection. Thanks to nanotechnology, ZEKNANO not only detects Covid-19 within five minutes, but it identifies up to 14 different conditions simultaneously, including flu virus and infectious diseases.Artificial Intelligence (AI) is at the heart of the revolutionary product. A neural network - a series of algorithms designed to function like a human brain - has been added to increase the test's efficiency, and study any mutation of the virus.As the device is portable and lightweight, the tests do not have to be...

SeaPRwire

Jail for tennis coach who performed sexual acts on underage male student

aseanpr 18 12 月

1 minute

SINGAPORE - A tennis coach was jailed on Friday (Dec 18) for kissing his underage male student and performing sexual acts on him. The prosecution told a district court that Phoo Siang Qing had abused the trust placed in him and performed such acts on the boy who was just 15 years old at the time. The 40-year-old Singaporean was sentenced to two years and nine months' jail for committing the offences in 2013 and 2014. He had pleaded guilty to two charges under the Children and Young Persons Act and one count of sexual penetration involving the minor. Defence lawyer Peter Fernando had pleaded for his client to be given 16 months' jail, stressing that Phoo is "sincerely repentant". Mr Fernando also told Senior District Judge Ong Hian Sun that Phoo had found that he was not attracted to women and has a history of "severe depression". The lawyer added that Phoo has sought treatment and is compliant with his medication. More on this topic Related Story Veteran coach gets 21 months' jail for molesting teen athlete Related Story Courts & Crime: Read more stories

SeaPRwire

ESM Goh Chok Tong has cancer surgery, will undergo 4 weeks of radiotherapy

aseanpr 18 12 月

2 minutes

SINGAPORE - Emeritus Senior Minister Goh Chok Tong will be undergoing four weeks of radiotherapy following the removal of a lump in his larynx. This is to ensure that all cancerous cells are killed off. "Just like the weather these days, it never rains but pours for me medically," the former prime minister wrote in his most recent post. "What a way to celebrate the festive season!" In the post, Mr Goh said the suspicious lump in his larynx was found to have cancerous squamous cells. Although scans found no trace of these cells in his neck or chest, he will be undergoing radiotherapy to make sure all cancerous cells are killed off. "I share my medical episodes to encourage everyone to go for regular or annual health screenings," Mr Goh said, encouraging people to seek medical help if they find that their voice has changed and they have a lump in their throat. The Health Ministry has a subsidised health screening programme, called Screen For Life, which heavily subsidises the cost of screening for ailments such as cervical, breast and colorectal cancers. "Ignorance, delay and denial may be costly," Mr Goh wrote. "Spot and treat the cancer early, the five-year survival rate is over 90...

ACN Newswire

Hua Medicine Successfully Completes Its Registration Phase III Trials; Announces 52-Week Results for DAWN (HMM0302), Dorzagliatin’s Phase III Combination with Metformin Trial

indie 18 12 月

12 minutes

SHANGHAI, CHINA, Dec 18, 2020 - (ACN Newswire) - Hua Medicine (the "Company", Stock Code: 2552.HK), a leading innovative drug development company focused on developing novel therapies for the treatment of diabetes, today announced:- Successfully completes two Phase III 53-week registration trials in over 1,200+ Chinese patients in the midst of the COVID-19 global pandemic on time and with high quality data and results - Dorzagliatin is safe and well tolerated in both the 24-week and 52-week periods of the DAWN Trial in Chinese T2D patients who have failed glycemic control with maximum daily dose of metformin (1500mg/day)- Unlike many other oral antidiabetic drugs, dorzagliatin does not increase hypoglycemia incidence rate when used in combination with metformin: overall hypoglycemia incidence (blood glucose level - At the end of the 24-week period, the primary efficacy endpoint was 1.02% HbA1c reduction for the dorzagliatin-treated group, together with excellent 5.45 mmol/L reduction of post-meal glucose (2h-PPG) from baseline, and are statistically significant over placebo with p-value less than 0.0001- HbA1c reduction is potent, fast acting and sustained through the 24-week and 5...

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