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NUS launches new interdisciplinary College of Humanities and Sciences

SINGAPORE - The National University of Singapore (NUS) on Tuesday (Dec 8) officially launched a new college that will house two of its oldest faculties - arts and social sciences, and science - and take in some 2,000 undergraduates. The College of Humanities and Sciences, which will admit its first cohort of students in August 2021, marks a major shift from the traditional way of learning in separate disciplines. Both faculties date as far back as 1929, and will continue to operate separately. Students will still graduate with a bachelor's honours degree in arts, social sciences or science within four years. But a key difference is that they will have to take 13 common modules in areas that cut across different fields of study, such as design thinking, artificial intelligence and scientific inquiry. Students will spend a third of their overall curriculum on such modules, which will focus on the intellectual approaches and connections across disciplines. Other topics include Asian studies, computational thinking and community and engagement. Students will also take two higher-level interdisciplinary modules of their choice. These aim to integrate knowledge across disciplines. With t...

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Asia shares at all-time highs on US stimulus, vaccine hopes

SYDNEY (REUTERS) - A gauge of Asian shares hit a record peak on Monday (Dec 7) on hopes of a much-needed US stimulus package before year-end just as coronavirus vaccines roll out, while oil prices hovered near their highest since March. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent to 643.1 points, on track for its fifth straight session of gains. It is up 16.3 per cent so far this year, the best since a 33 per cent jump in 2017. Japan's Nikkei added 0.1 per cent while Australian shares climbed 0.8 per cent. Britain is preparing to become the first country to roll out the Pfizer/BioNTech COVID-19 vaccine this week. US authorities will also this week discuss the programme before the expected first round of vaccinations this month. Hopes the vaccines will help curb the pandemic which has so far killed more than 1.5 million people globally sent shares soaring in recent weeks. On Wall Street, stock indexes reached fresh all-time highs on Friday with the Dow rising 0.8 per cent, the S&P 500 gaining 0.9 per cent and the Nasdaq adding 0.7 per cent. "The vaccine will break the link between mobility and infection rate, allowing for the strongest global GDP gro...

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Morning Briefing: Top stories from The Straits Times on Dec 7

Good morning! Here are our top stories to kick-start your Monday, Dec 7. Phase 3 unlikely by end of year unless more use TraceTogether, experts say The uptake of TraceTogether is 50.8 per cent, a far cry from the 70 per cent target. READ MORE HERE S'pore continuing to seek new travel bubble partners despite HK setback: Ong Ye Kung Countries that the Republic has unilaterally opened its borders to make natural partners, said Mr Ong. READ MORE HERE Choosing Singapore's Covid-19 vaccines An expert committee has reviewed more than 40 vaccine candidates over the past seven months. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Trump lawyer Rudy Giuliani tests positive for coronavirus The 76-year-old is the latest in a long string of people close to the White House who have been infected. READ MORE HERE Indonesia regional elections: Covid-19's impact on polls Indonesians will cast their ballots in regional elections on Wednesday amid a surging coronavirus pandemic. READ MORE HERE S'poreans flock to attractions, hotels on first weekend after launch of tourism voucher scheme Many used their SingapoRediscovers vouchers at Gardens by the Bay, Un...

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Morning Briefing: Top stories from The Straits Times on Dec 6

Good morning! Here are our top stories to kick-start your Sunday, Dec 6. SIA, other firms look to build on existing vaccine handling capabilities Significant volumes of Covid-19 vaccines are set to pass through Changi Airport. READ MORE HERE Bangladeshi worker who beat Covid-19 after 5-month battle in S'pore longs to go home Mr Raju Sarker, who was case 42, has yet to hold his son Safun, who was born in March. READ MORE HERE Condo builds around Geylang terraced houses as owners refuse to sell The condo developer worked closely with the architects to design three distinct blocks around the unusual site. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Walking through history: Top 5 heritage trails in Singapore Four Life reporters road-tested 19 heritage trails, and these are their picks of the best routes – and must-sees – to check out. READ MORE HERE All I want for Christmas this year... is a tree Demand for real trees is outstripping supply amid Covid-19 travel curbs and shipment delays. READ MORE HERE Ensure estates like Toa Payoh or Marine Parade are not beyond the reach of the low-income Inequity crops up when owners of subsidised fl...

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Morning Briefing: Top stories from The Straits Times on Dec 5

Good morning! Here are our top stories to kick-start your Saturday, Dec 5. 6 heroes in fight to end Covid-19 pandemic named ST Asians of the Year The recipients of the award capture the entire trajectory of the response to the Covid-19 pandemic. READ MORE HERE Singapore’s first digital banks: What services can you expect How will Singaporeans benefit? Here's what you need to know about the new digital banks. READ MORE HERE Malaysia frets over foreign worker housing as Covid-19 infections surge Labour activists say the Top Glove dorms in Selangor linked to infection clusters are the tip of the iceberg. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Parti Liyani case: SCs Davinder, Jason Chan to represent two DPPs in disciplinary proceedings Lawyers Peter Low and Choo Zheng Xi are representing Parti Liyani in the disciplinary proceedings. READ MORE HERE Sneaker enthusiasts crowd Orchard Rd shoe retailer in breach of Covid-19 rules Foot Locker stores have continued to hold events that draw large crowds, despite repeated advisories. READ MORE HERE Are we ready to talk about race? The past few months have seen an uptick in conversations on ...

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S’pore firms forging ahead with business growth in Asia: Poll

Firms in Singapore are doubling down on expanding their business networks in Asia and building resilience in their supply chains despite having a more pessimistic economic outlook than businesses elsewhere, according to a survey. HSBC Bank's annual Navigator survey, released yesterday, also found that local firms expect a longer recovery from the coronavirus pandemic than those in the Asia-Pacific and beyond, due to Singapore's open and trade-dependent economy. Despite this, businesses here are continuing to increase their growth investment. Some 87 per cent of respondents plan to expand in the region over the next three to five years, compared with 76 per cent of businesses elsewhere. About half or 51 per cent of local firms are immediately investing in overseas expansion, compared with 44 per cent in the Asia-Pacific. This is despite over two-thirds of respondents in Singapore expecting cross-border trade to become more difficult than it was pre-pandemic, said HSBC. "Intra-regional trade dominates, with more than eight in 10 businesses trading within the Asia-Pacific," the report said. "Trade with leading partner, mainland China has grown, as it has with Malaysia." The survey con...

HKICPA 20th Anniversary CG Awards reflect the changing times and the impact of COVID-19 on corporate disclosures

HONG KONG, Dec 2, 2020 - (ACN Newswire) - The outbreak of COVID-19 has disrupted the daily business and operations of companies and public sector organizations around the world, putting their corporate governance (CG) and sustainability practices to the test. Celebrating their 20th anniversary, the Hong Kong Institute of Certified Public Accountants (HKICPA)'s Best Corporate Governance Awards (BCGA) continue to set a benchmark for current CG and sustainability standards and best practices in Hong Kong."This year has been a year of disruption, due to the ongoing US-China trade dispute and the global COVID-19 pandemic, and it is interesting to note that the Awards were launched in 2000, the year that the dot.com bubble began to burst. Throughout all this time, the importance of good CG has always been clear, as a beacon of stability and a vital investor safeguard," said Mr. Johnson Kong, President of HKICPA and Chairman of Judging Panel of the Best Corporate Governance Awards 2020."Companies and public sector organizations with good CG deeply ingrained are more resilient and are also more likely to be able to weather the storm and recover more quickly once it has passed. The senior m...

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US food delivery giant DoorDash, with GIC among its investors, in $3.8b IPO

NEW YORK (BLOOMBERG) - DoorDash, the biggest US food delivery company, is seeking to raise as much as US$2.8 billion (S$3.8 billion) in an initial public offering (IPO) that's part of an end-of-year US listings rush. The San Francisco-based company said in a filing on Monday (Nov 30) that it plans to sell 33 million shares for US$75 to US$85 each. At the top end of this range, the company could be valued at about US$32 billion. This valuation is an increase from when private investors valued DoorDash at about US$16 billion in June. The company's IPO price range could still change depending on demand for its stock on its roadshow with investors over the next week. After the listing, co-founder and chief executive officer Tony Xu will hold almost 42 per cent of DoorDash's Class B super-voting shares, which have 20 votes each. He also has voting control over the rest of the 20-vote shares, which are split between his co-founders, Stanley Tang and Andy Fang. They will control about 79 per cent of the voting power, according to the filing. SoftBank Group's Vision Fund will be the largest outside investor, with 25 per cent of the Class A shares. Venture capital firm Sequoia will own more...

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Morning Briefing: Top stories from The Straits Times on Nov 30

Good morning! Here are our top stories to kick-start your Monday, Nov 30. Jewel struggling to keep its shine with business still slow; retail sales at Changi terminals plunge 74% Some businesses have left Jewel in the last few months but it has also been able to attract new tenants. READ MORE HERE Diversification of food sources cannot be only strategy in the face of global disruptions Efforts have sped up to help local farms ramp up production over the next six to 24 month. READ MORE HERE Republicans turn to Biden transition as Trump's legal options dwindle However, Donald Trump said he will continue to fight the results of the election. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Maid-less in Singapore: Fewer FDW entry approvals, travel restrictions, fee hikes among woes faced by would-be employers MOM approved only 630 entry requests for maids out of about 4,100 applications and appeals received. READ MORE HERE Time to allow foreign workers out of dorms? Health experts weigh in MOM said it will further ease the restrictions if infection rates are "sustained at low levels". READ MORE HERE 876 tested in Tekka Centre community scree...

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Morning Briefing: Top stories from The Straits Times on Nov 29

Good morning! Here are our top stories to kick-start your Sunday, Nov 29. More new business entities set up in Singapore despite Covid-19 recession Some 5,500 to 6,400 new businesses were formed monthly between June and October. READ MORE HERE Infected after holiday to Europe, pregnant mum gives birth to baby with Covid-19 antibodies Celine Ng-Chan is one of a few women in Singapore who were infected with the coronavirus during their pregnancies to have given birth so far. READ MORE HERE 68-year-old S'porean man dies of Covid-19 complications, 29th such death in S'pore The man returned from work in Indonesia on Nov 17, and had a history of hypertension and heart disease. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Why is stacking of $100 tourism vouchers not allowed: STB Some consumers have lamented that the vouchers cannot be combined with those of their family and friends within the same redemption. READ MORE HERE Lunch With Sumiko: Chair man of the gaming world When he was 22, Ian Ang set out to build the perfect chair for gamers. Secretlab, which he co-founded, has since sold more than one million chairs, the 28-year-old CEO tel...

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More businesses set up in S’pore despite Covid-19 recession

Despite Covid-19 tightening the noose around some businesses, more firms have been set up in the past five months than in the same period last year, with experts describing this new wave of entrepreneurs as a sign of confidence in Singapore's recovery. About 5,500 to 6,400 new businesses were formed monthly between June and last month, compared with about 5,300 a month over the same timeframe last year, checks by The Sunday Times show. 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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Some households to receive e-vouchers to switch to energy- and water-efficient appliances

SINGAPORE - Households living in one- to three-room Housing Board flats can now get some help buying appliances that are more energy or water efficient, under a new programme launched on Saturday (Nov 28). Those eligible will receive three e-vouchers totalling $225. They include a $150 e-voucher to pay for an energy-efficient and climate-friendly refrigerator, a $50 e-voucher to offset the cost of changing their shower fittings to more water-efficient three-tick models, and a $25 e-voucher to buy LED lights. Details of the Climate-Friendly Households Programme were announced by Deputy Prime Minister Heng Swee Keat at the launch of the annual Clean and Green Singapore movement on Saturday morning. The programme was first floated earlier this year. Mr Heng, who is also Finance Minister, said: "I am happy to share that starting today, eligible households will be able to apply online for their e-vouchers. I hope this $25 million Climate-Friendly Household Package will encourage households to take action to reduce their energy and water consumption. "By doing so, they will also be saving money," he added. When households switch from a one-tick to a three-tick refrigerator model, for ins...

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ATF Online+ Announces Full Event Line-up

Mornings with Industry Leaders: Adam Lewinson, Dr Michael Gryseels, Archana Anand, Jon Penn, Jimin Fang, Priya Dogra and Jacques du Puy (L-R) Singapore - Nov 26, 2020 - (ACN Newswire) - Asia TV Forum & Market (ATF) 2020 returns in less than a week with a jam-packed schedule tailored for the online audience. Charging forward into 2021 and into the realm of content connectivity, commerce and beyond, the programme line-up will see industry leaders discuss and provide insights on a range of topics from digital transformation to partnership announcements and an exclusive look at how China's Film & TV Industry has developed in 2020 with a 2021 forecast. Leading the line-up are key Asian brands at the forefront of digital innovation and adoption. Dr Michael Gryseels, President of True Digital Group from Thailand and Archana Anand, Chief Business Officer of Zee5 will expound on the significance of sustainable models and investments in the digital economy while industry heavyweights such as WarnerMedia Entertainment Networks who are also doubling down on digital transformation efforts will be sharing strategies for manoeuvring the challenges in the year ahead. At the forefront of pa...

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ATF Online+ Announces Full Event Line-up

SINGAPORE, Nov 26, 2020 - (ACN Newswire) - Asia TV Forum & Market (ATF) 2020 returns in less than a week with a jam-packed schedule tailored for the online audience.Mornings with Industry Leaders: Adam Lewinson, Dr Michael Gryseels, Archana Anand, Jon Penn, Jimin Fang, Priya Dogra and Jacques du Puy (L-R)Charging forward into 2021 and into the realm of content connectivity, commerce and beyond, the programme line-up will see industry leaders discuss and provide insights on a range of topics from digital transformation to partnership announcements and an exclusive look at how China's Film & TV Industry has developed in 2020 with a 2021 forecast.Leading the line-up are key Asian brands at the forefront of digital innovation and adoption. Dr Michael Gryseels, President of True Digital Group from Thailand and Archana Anand, Chief Business Officer of Zee5 will expound on the significance of sustainable models and investments in the digital economy while industry heavyweights such as WarnerMedia Entertainment Networks who are also doubling down on digital transformation efforts will be sharing strategies for manoeuvring the challenges in the year ahead.At the forefront of partner...

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Public service report card: Incomes of Singaporeans rise and inequality falls, but growth hit by Covid-19

SINGAPORE - Even as Singapore wrestles with the fallout from Covid-19, the Government has managed to boost incomes and reduce wealth inequality, while making sure necessities such as housing and healthcare remain affordable. Singapore also continues to be business-friendly and internationally competitive. These are among the key achievements of the public service up till 2019 in most cases, according to a new report released by the Ministry of Finance (MOF) on Thursday (Nov 26). The Singapore Public Sector Outcomes Review (Spor), a stock-take of the sector's work that is unveiled every two years, rounds up key figures in such areas as the economy and social support. But unlike past editions, this year's review has a special section in recognition of the whole-of-nation effort to fight the coronavirus pandemic. Titled "Emerging Stronger as One", it highlights how Singaporeans, businesses and the community have stepped forward to partner the Government to help those in need. Here are four key takeaways from the report: 1. Lower income inequality, more work opportunities For the first time in five years, 2019 shows Singapore's Gini coefficient - a measure of income inequality - dippin...

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Bitcoin mania is back in flashback to 2017 as cryptocurrency tops US$19,000

NEW YORK (BLOOMBERG) - Celebrity endorsements, exchange outages, rafts of new trading accounts - Bitcoin mania is back. In a flashback to the frenzied run-up to Thanksgiving 2017, retail traders are piling into cryptocurrencies and driving prices back toward all-time highs. The number of first-time buyers is on course to eclipse December 2017, EToro, an Israeli-British firm, said. Bitcoin trades per day are 81 per cent greater than the rest of 2020 combined. Google searches for "coinbase," the crypto exchange, reached the highest level in at least a year, according to Google Trends. And crypto Twitter hasn't been this giddy in a long time. A quick tour through various hashtags yields a wealth of frothy posts. There's the GIF of a beaming waitress serving up glasses of champagne. "We bout to be rich," goes the tweet. Another fan charts Bitcoin's performance since 2017 and says, "...and here we are again." "Nothing like a pre-Thanksgiving Bitcoin run," said Catherine Coley, CEO of Binance.US. Bitcoin climbed within US$100 of its all-time high after surpassing US$19,000 (S$25,495) for the first time since 2017. It's now up more than 40 per cent in November alone and has more than doub...

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Morning Briefing: Top stories from The Straits Times on Nov 24

Good morning! Here are our top stories to kick-start your Tuesday, Nov 24. No Covid-19 cases in community and dorms for 13 days in S'pore, but complacency must not set in: Experts Experts cautioned that local, undetected cases may still be lurking. READ MORE HERE Biden to get his delayed presidential transition aid: Trump This is Trump's closest statement yet to finally conceding he lost the US election. READ MORE HERE Long-time Joe Biden adviser Antony Blinken set to be US secretary of state Biden's choices signal a return to professionalism and experience, analysts said. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Singapore consumers express concern over 'complicated' tourism voucher redemption process The SingapoRediscovers Vouchers can be redeemed online through five authorised booking partners. READ MORE HERE $100 tourism vouchers: More choices with multiple redemption platforms, say observers A single platform to redeem the vouchers would be ideal, but having options has its draws too, they say. READ MORE HERE Woman sues PUB for $5 million after falling into manhole, says accident caused schizophrenia Madam Chan Hui Peng, a ch...

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Cyclical boost lifts stocks; Yellen news gives short bump

NEW YORK (REUTERS) - US stocks closed higher in a choppy session on Monday (Nov 23) as hopes for a Covid-19 vaccine lifted economically sensitive sectors such as energy and industrials, but a pullback in megacap shares curbed gains on the S&P 500 and Nasdaq. Cyclicals led gains, with energy ahead by more than 6 per cent while industrials and financials each rose more than 1 per cent, as data showed monthly business activity expanded at the fastest rate in more than five years. Energy shares got a boost from another gain in oil prices, which have risen on anticipation a vaccine will help demand recover. "It's Monday vaccine trade day," said Ken Polcari, managing partner at Kace Capital Advisors in Jupiter, Florida. "As they move out of those growth names, it's still this continued move into larger cyclical, value names, which is why you see the Dow performing so well and the Nasdaq under some pressure." Declines in technology and tech-related heavyweight names such as Apple Inc and Netflix Inc muted gains as investors rotated out of stocks seen as safe bets following a coronavirus-led crash earlier this year. Major averages got a late boost after the Wall Street Journal reported US ...

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Morning Briefing: Top stories from The Straits Times on Nov 22

Good morning! Here are our top stories to kick-start your Sunday, Nov 22. Passengers disappointed, frustrated over deferment of S'pore-HK air travel bubble Some say it may be tough to secure a seat again when the bubble begins. READ MORE HERE G-20 summit: PM Lee calls for fair access to Covid-19 vaccine, stronger disease surveillance He said the group is well-placed to drive the global response required to tackle the crisis. READ MORE HERE Would you take virus test to go clubbing? Sunday Times poll finds out Most polled won’t patronise karaoke outlets and nightclubs in pilot if they have to take a test. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Mark Lee misses out on Best Leading Actor trophy but local film Number 1 still wins at Golden Horse Local musical comedy Number 1 won the award for Best Makeup and Costume Design. READ MORE HERE Cabbies, private-hire drivers find the going tough even with easing of Covid-19 restrictions Demand for rides weak with little nightlife, many working from home and no tourists. READ MORE HERE Staying in, burning out: Covid-19 casts spotlight on mental health at work The blurring of lines between th...

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Morning Briefing: Top stories from The Straits Times on Nov 21

Good morning! Here are our top stories to kick-start your Saturday, Nov 21. Apec leaders agree on need for free, fair environment for trade and investment to drive economic recovery They say more has to be done to foster an enabling environment for trade and investment in the region. READ MORE HERE Lee Suet Fern focused on what husband wanted done, did not consider Lee Kuan Yew's interests: Court Not having due regard for Mr Lee Kuan Yew's interests was a "grave failure" on her part, the court said. READ MORE HERE Hong Kong to tighten Covid-19 measures as travel bubble with Singapore hangs in the balance ST understands that the travel bubble could be scuppered, depending on Saturday's Covid-19 cases. READ MORE HERE The Great Reset: Can US and China revive relations? Asia is gearing up for the new US team led by Biden. ST bureaus take the pulse in Asian capitals as the Trump era retreats. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Lesson for Singapore from US election If this is American democracy there should be social distancing rules to keep it away from the rest of the world. READ MORE HERE Donald Trump Jr tests positive for cor...