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Passing on a legacy: Veteran hawker happy to train next generation

Mr Clement Wang's traineeship at Rong Xing Yong Tau Fu began after a chance encounter in January when, while queueing at the Tanjong Pagar Plaza stall, he told the hawker he wanted to learn how to make her tofu and meatballs. Mr Wang, 34, who then had an airline cabin crew job, felt he had no way of getting into the trade despite his interest, as his only experience was when he had helped out part-time in a restaurant kitchen at the age of 19. But veteran stallholder Tee Chun Moy, 60, said she would be happy to take him on. The two later began working together under a National Environment Agency hawker development programme, which pairs a hawker with a trainee for two months. By then, Mr Wang, who is single, could no longer fly, with planes grounded by the coronavirus pandemic. He said he was motivated to be a hawker by his experiences overseas as an airline employee. "At any point, I could think of five to 10 hawker foods I wanted to eat when I was overseas. You can go to a hawker centre for a month and not be sick of it," he said. Having interned for 11/2 months, he will be ready to open his own yong tau foo stall soon. "I am thinking of giving the traditional yong tau foo a twis...

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Lifelong learning enables retiree to try a different sector

Clients occasionally fire highly technical questions at regional sales manager Lawrence Low that can leave him stumped, which is no great surprise given he joined the precision tooling sector only a couple of years ago. Mr Low certainly jumped into the deep end, having come out of retirement and with no engineering background. 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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Yes, you can make a personal budget in just 25 minutes

NEW YORK (BLOOMBERG) - Now is a great time to develop a serious budgeting habit. The next year might bring changes to your annual income and you should look at your finances now so that you are prepared for them. A nation can run deficits; households should avoid them. People without budgets are more likely to fall into debt - and anxiety. But search for "how to create a budget" and most results are inadequate. Much advice focuses on those with low or no incomes, ignoring other barriers to budgeting such as unexpected layoffs and expenses. And almost everyone underestimates the rewards of budgeting. Budgeting takes effort and psychological steel. A personal budget will not give you immediate gratification. It will not get you more money. But a budget will give you power. That is the main payoff for the tedious trouble of maintaining a budget. Lots of Internet applications offer tips and motivation (for example, Debt.org and The Balance) but I suggest budgeting free-hand. I started my budget with a piece of paper, a cup of coffee and some optimism. I eventually migrated it to my own Excel spreadsheet. You may be starting with debt hanging over your head. Put that debt, along with sa...

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Steadily improving the lot of investors with a steady hand

All investors have their weak points and often think they are smarter than they actually are, so a steady temperament is critical when putting your money on the line, says asset management executive Omar Slim. "We often can be emotional, greedy, hasty, scared or deceived. That's all normal," he says. 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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Investing in new skills at all ages to stay current

Rapid technological disruption in recent years has caused disruption and decimation of jobs across industries, but it has also created new ones. The Covid-19 crisis has hastened the changes. Reskilling has greater exigency than ever - and this is true for workers of all ages. 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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Covid-19 turned me into a serial online bargain hunter

9.9, 10.10, 11.11 and 12.12. For those who have switched to online shopping in a big way, these numbers have become part of their lingo. The same goes for a technophobe Generation X-er like me, who is missing the oniomania gene. But thanks to the coronavirus pandemic, these four super shopping days on Asia's e-Commerce calendar are now part of my vocabulary. 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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Couple, son die in suspected electrocution incident: What to do when trying to help victims

SINGAPORE - An 80-year-old man, his wife, 66, and their son, 45, died following an incident in the elderly couple's flat in Lakeside on Thursday (Dec 10). The elderly man reportedly fell in the shower, and he and his wife are believed to have been electrocuted when she rushed in to assist him. Their son, who went to visit them, is understood to have been electrocuted too when he tried to revive them. It is dangerous to touch someone who has been electrocuted, said experts. Associate Professor See Kye Yak of the Nanyang Technological University's School of Electrical and Electronic Engineering said the person who has been electrocuted would be carrying a high voltage. "Anyone who is in physical contact with him directly without any insulation will get electrocuted too, especially if the victim's body is wet, which lowers its resistance to electricity." One should use an insulating object, such as something wooden or plastic, to push the victim away from the contact point with the live electrical source, Prof See added. He said: "If there are rubber shoes, the person who helps the victim should wear them to be protected from electrocution." Meanwhile, Associate Professor Liang Yung C...

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One of the leading health and wellness retailers Holland & Barrett expands CBD collection

Rzeszów, Poland - As the CBD industry continues to boom around the world, European CBD leader Reakiro and the UK's market leading CBD retailer, Holland & Barrett have agreed an exclusive distribution deal to provide access to Reakiro's award-winning products. This summer, Forbes reported that CBD sales had continued to soar in the UK. People have become even more conscious of their health and wellness and wish to discover natural alternatives. The range, launched in Holland & Barrett in November 2020 and includes 14 products, based on customer usage research. These full spectrum products include oils, sprays, a unique raw hemp extract pen, and gel capsules, in a broad range of strengths to meet all customer needs. "We're extremely proud to work with Holland & Barrett, the number one retailer in health and wellness. Holland & Barrett and Reakiro have the same values - to bring the highest quality natural health products to people around the world. We look forward to a productive, long-term partnership with them," said Stuart McKenzie Reakiro CEO. Reakiro prides itself on delivering the highest quality products. Every step of the process is managed and controlled by t...

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Morning Briefing: Top stories from The Straits Times on Dec 12

Good morning! Here are our top stories to kick-start your Saturday, Dec 12. Covid-19 vaccine: Will you take it? 8 in 10 say yes in ST poll But one in 10 will not consider getting the vaccination, citing safety as their top concern. READ MORE HERE Wuhan one year on: A city of resilience, a city of scars in wake of Covid-19 outbreak China correspondent Elizabeth Law reports after a third trip to the central Chinese city. READ MORE HERE Travellers from HK to serve 14-day SHN in S'pore from Dec 14 All travellers from Hong Kong, except Singapore residents, must also take a Covid-19 PCR test within 72 hours before departure. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news US Supreme Court rejects Trump bid to overturn election results in 4 key states The four states told the court that the lawsuit had no factual or legal grounds. READ MORE HERE $2.2 b over next 5 years to go towards grooming S'pore's future researchers and scientists Increased funding in the area underscores Singapore's efforts to remain competitive in the wake of Covid-19. READ MORE HERE Faulty KTPH test: What is the HER2 test and the breast cancer type linked to it? The tes...

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OCS 2020 Renewal and Upgrading with New Formats

Guangzhou, China, Dec 12, 2020 - (ACN Newswire) - The 2020 Convention on Exchange of Overseas Talents and the 22nd Guangzhou Convention of Overseas Chinese Scholars in Science and Technology (together, "OCS 2020") will be held on December 18 & 19 in Guangzhou, co-hosted by the Ministry of Education, Western Returned Scholars Association and Guangzhou Municipal Government, and run by 29 cities (Institutions), including Beijing, Tianjin, Shanghai, Chongqing, and others.OCS, known as the largest and most influential event of its kind and an exchange platform of the highest calibre, encouraging innovation and entrepreneurship among overseas students, is now in its 22th year. On the basis of its previous successes, the 2020 OCS will be held both online + offline, complemented with overseas sessions.> Transition to market orientation - establishing market mechanisms and mobilizing multiple entities:OCS 2020 will mobilize multiple market entities, expands various cooperation channels, and introduce professional service agencies from different industries including human resources, investment & financing, business incubation, and science and technology services to jointly build a...

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US stocks end mostly down on stimulus stalemate

NEW YORK (AFP) - Wall Street stocks finished mostly lower Friday on disappointment over the lack of progress on a US stimulus Bill, while Disney shares skyrocketed on higher streaming demand. Major indices concluded a choppy week of trading modestly lower following the session, but remained near all-time highs. The Dow Jones Industrial Average added 0.2 per cent at 30,046.37. The broad-based S&P 500 declined 0.1 per cent to 3,663.46, while the tech-rich Nasdaq Composite Index shed 0.3 per cent to 12,377.87. In Washington, the US Senate approved a one-week budget stopgap that avoids a government shutdown, but the outlook for a long-awaited coronavirus relief package, without which analysts fear a renewed downturn in economic activity, remained uncertain. A bipartisan group of lawmakers has been working to win support for a US$908 billion (S$1.2 trillion) plan that includes new unemployment aid, help for state and local governments and limited liability protections for businesses. But party leaders remain at loggerheads over the package, as Americans face the worst economic downturn in decades amid the greatest public health crisis in a century. "The two big factors that pushed the m...

Man jailed, firm fined for illegally supplying goods to North Korea

A managing director and his Singapore-based wholesale trading company unlawfully supplied goods - mainly wines and spirits - worth more than $745,000 to North Korea between 2013 and 2018. Due to United Nations sanctions, it is illegal for anyone in Singapore to supply, sell or transfer designated luxury items to North Korean entities. Singaporean Lim Cheng Hwee, 49, was jailed for two months yesterday after he pleaded guilty to three counts of unlawfully supplying the alcoholic beverages worth over $530,000 to North Korea. The company, SINSMS, which is also a freight forwarder, was fined $30,000 after it was convicted of three similar charges. Lim and the company each faced six other charges linked to the remaining amount. They were considered during sentencing. Lim's wife Hong Leng Ooi, also 49, who helped him with the firm's administrative operations, was fined $4,000 yesterday. The Singaporean pleaded guilty to two counts of failing to inform the authorities about the unlawful deals. Lim's alleged accomplices are Chinese national Liang Ye, 44, who was a director and shareholder of SINSMS, and North Korean Mun Chol Myong, 53. They are still at large. Deputy Public Prosecutors V. ...

S’pore tech firm Sea raises $3.4b in upsized stock offering

Singapore's Sea, the technology start-up that has become South-east Asia's most valuable company, increased the size and set the final price of a secondary stock offering to raise at least US$2.57 billion (S$3.4 billion). Sea priced the sale of 13.2 million American depositary shares at US$195 each, increasing the size from 11 million because of strong demand, according to a statement. The underwriters, led by Goldman Sachs Group and JPMorgan Chase & Co, have the option for another 1.98 million shares, which would yield US$386 million at the same price. Sea, a games company that has expanded into e-commerce and digital payments, has surged to a market valuation of almost US$100 billion, with its shares rising 395 per cent this year alone. It intends to spend the proceeds from the new offering on business expansion, "including potential strategic investments and acquisitions", the firm said in its statement. The company just won a licence to open a digital bank in Singapore, a coveted award that will allow expansion into financial services. Under criteria set by the Monetary Authority of Singapore, digital full banks are required to have total capital of at least $1.5 billion, with ...

MAS expands mandate of steering committee to drive Sibor transition

The Monetary Authority of Singapore (MAS) is expanding the mandate of the steering committee that is overseeing the Swap Offer Rate (SOR) transition to Singapore Overnight Rate Average (Sora). MAS yesterday said the expansion of the mandate for this Steering Committee for SOR's Transition to Sora (SC-STS) is to enable it to oversee the interest rate benchmark transition from the Singapore Interbank Offer Rate (Sibor) to Sora. The move follows a joint industry report published yesterday, announcing the discontinuation of the remaining Sibor tenors in phases in the next four years. The six-month Sibor will be discontinued three months after the six-month SOR is discontinued, while the widely used one-and three-month Sibor will be discontinued by the end of 2024. In July this year, the Association of Banks in Singapore, the Singapore Foreign Exchange Market Committee and the SC-STS published recommendations to discontinue Sibor and shift to the use of Sora as the main interest rate benchmark for Singapore dollar (SGD) financial markets. Sibor is a key interest rate benchmark in Singapore that is widely used in retail mortgages and corporate loans. Sora is published by MAS, and is base...

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Hyundai to buy Boston Dynamics for up to $1.1b

SEOUL • Hyundai Motor units and its chairman have agreed to buy an 80 per cent stake in robot-maker Boston Dynamics from SoftBank Group for around 800 billion won to 900 billion won (S$1.1 billion), a person familiar with the matter told Reuters yesterday. Hyundai can leverage the robot technology to expand automation at its unionised car factories, as well as design autonomous vehicles like self-driving cars, drones and delivery robots, analysts said. The move comes after newly promoted chairman Chung Eui-sun pledged to reduce reliance on traditional car manufacturing, saying robotics will account for 20 per cent of the company's future business, with carmaking taking up 50 per cent, followed by urban air mobility at 30 per cent. Mr Chung will own a 20 per cent stake in Boston Dynamics, while Hyundai Motor and its affiliates, Hyundai Mobis and Hyundai Glovis, will hold a 60 per cent stake, two people said, asking not to be identified because the matter is confidential. One of the sources confirmed the value of the deal. Hyundai Motor and SoftBank declined to comment. "The acquisition would help Hyundai offer a seamless approach to goods delivery with the help of delivery robots an...

G.H.Y Culture & Media’s IPO shares priced at 66 cents

Entertainment company G.H.Y Culture & Media Holding lodged its final prospectus yesterday ahead of a mainboard listing. It is offering 21.7 million shares at 66 cents each in its initial public offering (IPO), comprising 18.7 million placement shares and three million under the public offer. Its market capitalisation will be about $708.7 million after the IPO. The public offer opened yesterday and closes at noon next Wednesday, with trading expected to start next Friday. Cornerstone investors have also struck agreements with the firm for around 162.7 million cornerstone shares, of which 141.2 million will be newly issued and 21.5 million will be vendor shares owned by investment holding firm Taiho Holding and group adviser John Ho. The cornerstone investors include Osim International founder Ron Sim, brand developer V3 Brands and investment firm Yinson Capital. The IPO and issuance of new cornerstone shares will generate about $115.1 million in net proceeds, of which $101 million will be due to the company. Proceeds will be used to invest in production, acquisitions and alliances to expand its TV and film productions and concert segments. G.H.Y's core business is producing and prom...

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AVIA Announces New Board Members and New Board Chair for 2021

SINGAPORE, Dec 11, 2020 - (ACN Newswire) - Following the recent Annual General Meeting of the Asia Video Industry Association (AVIA), four new members have joined the Board of AVIA and a new Chairman has been elected. The new Chairman and board members are from across the spectrum of the video industry, both geographically and functionally, and include heads of content companies as well as telecommunications leaders.The AVIA board will be led by a new Chairman with the election of Clement Schwebig, Head of WarnerMedia for India, Southeast Asia and Korea, who takes over from Joe Welch, Vice President, Global Public Policy, Asia Pacific, The Walt Disney Company.Louis Boswell, CEO of AVIA, commented, "The board of AVIA and I would like to extend our sincere gratitude to Joe Welch for the last four years of his leadership, a period which has seen the reinvention of the industry association. It has been my great pleasure working with Joe to ensure that AVIA is clear in its mission and purpose to represent the video industry across all our common concerns. Equally, I am now looking forward to building on that legacy with Clement and to take AVIA to greater success in creating the strong ...

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China Dynamics Launches Electric Buses in Davao, Philippines

HONG KONG, Dec 11, 2020 - (ACN Newswire) - China Dynamics (Holdings) Limited (the "Company"; (Stock Code: 476), together with its subsidiaries, collectively "China Dynamics" or the "Group"), a provider of new energy vehicles and technology integrated solutions, today launched its electric buses in Davao, the Philippines' third largest city, marking the official use of the electric buses that it delivered earlier, as well as the expansion of the Group's sales network in Southeast Asia and the implementation of its internationalization strategy. The Group also launched its electric buses in Pasay City in Metro Manila at the beginning of this month. Davao City Mayor Ms. Sara Z. Duterte, Mr. Rodger Velasco, President of Davao Light and Power, Mr. Freddie Tinga, President of Global Electric Transport ("GET Philippines"), the first electric bus operator in the Philippines, and Mr. Miguel Valldecabres Polop, CEO of China Dynamics, attended the launch ceremony and witnessed how China Dynamics pioneered public transportation in Davao with its electric buses that are tailor-made for the Philippine market, thus protecting the environment and helping improve traffic in the city. The electric b...

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Toyota Moves Closer to Production with Next Generation Fuel Cell Electric Technology for Zero-Emissions Heavy Duty Trucks

Texas, Dec 11, 2020 - (JCN Newswire) - Toyota's next generation fuel cell electric technology is now powering a new set of Class 8 heavy-duty trucks. Using the same fuel cell system as the all-new 2021 Mirai sedan that goes on sale this month, the engineers at Toyota Motor North America Research and Development have developed a set of production-intent prototype trucks that are being prepared to run drayage routes at the ports of L.A. and Long Beach to validate their performance, efficiency and drivability.Designed to be flexible enough to meet the needs of a wide variety of OEM truck makers, the new fuel cell electric system in the latest prototypes has been adapted to a Kenworth T680 chassis. A more compact hydrogen storage cabinet behind the cab houses six hydrogen tanks with the same capacity as previous prototypes while a new, more powerful lithium-ion battery helps smooth out the power flow to the electric motors. In this configuration, the second generation fuel cell system delivers over 300 miles of range at a full load weight of 80,000 lbs., all while demonstrating exceptional drivability, quiet operation, and zero harmful emissions."This is an important step in the transi...

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Jail for doctor who took more than 3,000 upskirt videos; described as a prolific serial voyeur

SINGAPORE - A doctor who concealed a camera in his shoe and used it to record more than 3,000 upskirt videos was sentenced on Friday (Dec 11) to three years' jail. Chu Ben Wee is one of the most prolific serial voyeurs to come before the courts, said Deputy Public Prosecutor Sruthi Boppana. The prosecutor added that Chu "fully exploited the available technologies to conceal his offending behaviour", and recorded videos in various locations including hospitals and junior colleges. Chu was initially arrested on Jan 18, 2018, but reoffended while he was under police investigations in April last year. Given bail that same month, he went back to his old ways in July. On Friday, Chu pleaded guilty to four counts of insulting the women's modesty. Thirteen other charges, mainly for similar offences, were considered during sentencing. As at Friday afternoon, his name is still on the list of registered healthcare professionals in Singapore. For each count of insulting a woman's modesty, an offender can be jailed for up to a year and fined.