SeaPRwire

Me & My Money: Sustainable investing more than just a job for finance executive

elean
1 minute

Finance executive Jenn-Hui Tan believes in playing the long game when it comes to investing, so the notion of going sustainable fits him to a T. His job as global head of stewardship and sustainable investing at investment management firm Fidelity International is not about reaping a quick buck but focusing instead on the opportunities that can come when there is not a deadline clock ticking, as well as the broader impact on employees and the environment. 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.

JCN Newswire
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Fujitsu Guides Customers on Path to Decarbonization with Free Assessments to Visualize CO2 Emissions Reductions from Cloud Migration

ruth
5 minutes

TOKYO, Oct 8, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu has announced that from October 7 it will begin to provide free assessments to its customers considering the use of its FUJITSU Hybrid IT Service FJcloud, etc. in their digital transformation projects, demonstrating changes to CO2 emissions resulting from the migration of IT systems to the cloud.Fujitsu will offer a visualization of the CO2 emissions and power consumption of current IT systems against the use of FJcloud, for example, for its customers with on-premises IT systems, which have issues of balancing business growth and the ability to contribute to sustainability. This will empower customers to make the choice of their next IT platform with greater insight into both the overall cost as well as ability to contribute to decarbonization.Through this initiative, Fujitsu ultimately aims to contribute to the optimization of its customers' IT systems by guiding them to utilize the cloud, as well as to the realization of a sustainable society through reducing the carbon footprint of business.IT-related power consumption in Japan projected to increase exponentially by 2030In recent years, efforts to reduce greenhouse ...

JCN Newswire
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Fujitsu Unveils New Global Business Brand Fujitsu Uvance to Create Sustainable World, Resolve Social Issues Through Digital Innovation

ruth
4 minutes

TOKYO, Oct 7, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu today unveiled Fujitsu Uvance a new global business brand delivering a transformation portfolio for a sustainable world. Fujitsu Uvance will leverage Fujitsu's technological capabilities and problem-solving expertise across seven key focus areas to offer unprecedented value to customers, while contributing to the achievement of its ultimate purpose -- "to make the world more sustainable by building trust in society through innovation."Delivering a Sustainable World Through Seven Key Focus AreasThe word "Uvance" embodies a concept of making all (Universal) things move forward (Advance) in a sustainable direction. It demonstrates Fujitsu's determination of "building new possibilities by connecting people, technology and ideas, creating a more sustainable world where anyone can advance their dreams."Fujitsu Uvance will play a central role in driving the growth of Fujitsu's core business, comprising seven key focus areas. Four of these consist of cross industry vertical business areas, which relate to the ideal state of the world and possible social issues confronting us in the present as well as in the future: "Sustainabl...

SeaPRwire

US stocks advance as default risk appears to ebb

elean
2 minutes

NEW YORK (AFP) - Wall Street stocks finished modestly higher on Wednesday (Oct 6) after trading in the red most of the session as congressional Republicans offered a compromise in high-stakes talks on lifting the US debt limit. Senate Minority Leader Mitch McConnell said Republicans would allow Democrats to vote for temporarily lifting the ceiling on how much the government can borrow. The stalemate in the talks had raised the possibility of a US default in less than two weeks. McConnell's offer punts the problem to December, giving the ruling Democrats time to prepare a longer term solution. "For now, at least, this disaster du jour just got moved to the back-burner," said Art Hogan, chief strategist at National Securities. The Dow Jones Industrial Average ended up 0.3 per cent at 34,416.99, more than 550 points above its session low. The broad-based S&P 500 gained 0.4 per cent to 4,363.54, while the tech-rich Nasdaq Composite Index advanced 0.5 per cent to 14,501.91. Hogan said the market could be in line for more volatility in the weeks ahead, with the Federal Reserve expected to taper stimulus payments soon and investors anxious about the upcoming earnings season. Sam Stovall, ...

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

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Wednesday, Oct 6. Private clinics in S'pore seeing demand for Sinovac and Sinopharm as Covid-19 vaccine boosters Experts said it is best to follow MOH's guidelines on eligibility for the booster dose and the type of vaccine to use. READ MORE HERE 3,486 new Covid-19 cases in Singapore; 9 more deaths brings tally to 130 Four were vaccinated, two had been partially vaccinated and three were unvaccinated. READ MORE HERE Suspension of visits to residential care homes in S'pore extended until Oct 24 It's prudent to do so in view of the continued rise of Covid-19 cases in the community, said MOH. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Singapore Parliament repeals Sedition Act after 83 years Key aspects of the Act have not been relevant in modern Singapore for a long time, said Home Affairs and Law Minister K. Shanmugam. READ MORE HERE 5 things to know about Fica, the law to counter foreign interference Fica empowers the authorities to deal with covert attempts by hostile foreign entities to interfere in domestic politics. READ MORE HERE More maids to be allowed into S'pore from...

SeaPRwire

Oil hits multi-year highs as Opec+ sticks to output plan

elean
3 minutes

BENGALURU (REUTERS) - Oil prices jumped on Tuesday (Oct 5), with US crude hitting its highest since 2014 and Brent futures climbing to a three-year high, after the Opec+ group of producers stuck to its planned output increase rather than raising it further. On Monday, Opec+ agreed to adhere to its July pact to boost output by 400,000 barrels per day (bpd) each month until at least April 2022, phasing out 5.8 million bpd of existing production cuts. US West Texas Intermediate (WTI) oil closed up US$1.31, or 1.7 per cent, at US$78.93 a barrel. During the session it surged more than 2 per cent to as high as US$79.48, the most in nearly seven years. Brent crude settled up US$1.30, or 1.6 per cent, at US$82.56. Earlier, Brent hit a three-year high of US$83.13. Both contracts extended gains made on Monday, when they each rose more than 2 per cent. "The market is realising we are going to be undersupplied for the next couple of months and Opec seems to be happy with that situation," said Phil Flynn, an analyst at Price Futures Group in Chicago. Oil prices have already surged more than 50 per cent this year, adding to inflationary pressures that crude-consuming nations such as the United S...

SeaPRwire

US stocks rebound as tech shares gain

elean
2 minutes

NEW YORK (AFP) - Wall Street stocks rebounded on Tuesday (Oct 5) following the prior session's pullback as uncertainty over Washington politics and the upcoming earnings season stokes volatility. Of the major indices, the biggest gainer was the tech-rich Nasdaq, which led the market lower on Monday. Conflict in Congress has raised worries about a possible US debt default, while President Joe Biden's agenda hangs in the balance. Data showed the US services sector grew slightly more than expected in September, while PepsiCo's results also topped estimates. The strong earnings contrasted with some other recent results disappointments. "We will see more of this in the next couple weeks," Maris Ogg of Tower Bridge Advisors predicted of the upcoming earnings season. "We are going to get some pre-announcements and swing from everything is okay to everything is not okay for the next couple of weeks." The benchmark Dow Jones Industrial Average finished at 34,314.67, up 0.9 per cent. The broad-based S&P 500 added 1.1 per cent at 4,345.73, while the Nasdaq Composite Index advanced 1.3 per cent to 14,433.83. After tanking on Monday, large tech shares enjoyed a much better session, with Apple a...

SeaPRwire

Oil jumps above US$81 to 3-year peak with Opec+ sticking to output increase

elean
2 minutes

BENGALURU (REUTERS) - Oil jumped to a three-year peak on Monday (Oct 4) after Opec+ confirmed it would stick to its current output policy as demand for petroleum products rebounds, despite pressure from some countries for a bigger boost to production. The producer club's decision to keep increasing oil output gradually sent prices sharply higher, adding to inflationary pressures that consuming nations fear will derail an economic recovery from the coronavirus pandemic. Opec+ agreed in July to boost output by 400,000 barrels per day (bpd) each month until at least April next year to phase out 5.8 million bpd of existing production cuts. Brent crude settled up US$1.98, or 2.5 per cent, to US$81.26 a barrel. It rose 1.5 per cent last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018. US oil settled up US$1.74, or 2.3 per cent, to US$77.62 a barrel after gaining for the past six weeks, and was at its highest since 2014. "Given the demand picture and the outcome of the Opec meeting, the overall sentiment around crude is bullish," said Mr John Kilduff, partner at Again Capital LLC in New York. Demand for coal and natural gas has exceeded pre-Covid-19 h...

SeaPRwire

Male-dominated crypto world needs more women, exchange head says

elean
3 minutes

SYDNEY (BLOOMBERG) - The male-dominated cryptocurrency industry could provide more employment opportunities for women, according to the head of Australia's largest digital-asset exchange. Blockchain needs greater female participation and offers opportunities as the industry becomes more mature and acceptance of decentralised finance grows, said Caroline Bowler, chief executive officer of BTC Markets in Melbourne. The sector welcomes fresh thinking and allows for flexibility, Ms Bowler said. "There are lots of entry points into cryptocurrency and into blockchain businesses and you don't have to be a developer or specializing in blockchain in order to find your place within this ecosystem," she said. Ms Bowler's encouragement flies in the face of crypto's notorious "bro culture", as well as Australia's chequered record on gender equity. As in much of finance and tech, the digital asset industry remains largely male dominated, though figures on the gender split in the industry remain hard to come by. Men also dominate crypto investing. 'Crypto Bros' "It's not perfect, there is that whole 'crypto bros' subsection that still exists and I have no doubt will continue to exist," said Ms Bo...

SeaPRwire

Contractors may face contractual disputes, claims as Covid-19 legal respite ends

elean
6 minutes

SINGAPORE - Contractors in Singapore could face yet another hurdle next month, after the temporary relief period protecting them from claims and other legal proceedings expires. Lawyers told The Straits Times that there are signs of lawsuits brewing, with contractors preparing for contract disputes when the relief period under the Covid-19 (Temporary Measures) Act ends on Sept 30. As a result, companies that are financially weak could go under, with many small and medium-sized enterprises (SMEs) likely to face financial distress, said lawyer Keith Han, partner and co-head of the restructuring and insolvency practice at Oon & Bazul. This will likely affect major construction projects and the sector at large, although the extent of the impact will depend on the degree of forbearance exercised by creditors such as banks and financial institutions, he added. "At the very least, though, we may see some delays in projects caused by key sub-contractors going bust," said Mr Han. The construction industry has been hit hard by the Covid-19 pandemic, with many firms grappling with acute manpower shortages, rising construction costs and reduced cash flow. Up to this point in time, the temporar...

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Morning Briefing: Top stories from The Straits Times on Sept 26

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Sunday, Sept 26. 1,443 new Covid-19 cases in S'pore, 3 more seniors die The total number of fatalities in September now stands at 21. READ MORE HERE Johor ramps up vaccination in hopes of reopening border with Singapore The state government in Johor is launching a vaccination plan for Malaysians who used to cross into Singapore daily. READ MORE HERE Release of Huawei's Meng a step towards better US-China ties, Beijing's CPTPP goal But there still remains a raft of issues to be resolved between the world's two largest economies. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Lunch with Sumiko: Noeleen Heyzer on marriage, feminism and how she rose up the UN career ladder Noeleen Heyzer's memoir looks back at how she overcame a difficult childhood to scale the career ladder at the United Nations. READ MORE HERE Employers not allowed to ask staff with positive ART result to come to work even if they feel well Employees who are physically well are advised to self-isolate at home for 72 hours, and then do another ART test. READ MORE HERE Are certain neighbourhoods more prone to being ...

SeaPRwire

Bitcoin swept up in global sell-off sparked by Evergrande

elean
4 minutes

NEW YORK (BLOOMBERG) - Cryptocurrency prices slumped as a broad sell-off sparked by worries about contagion from China Evergrande Group swept through global markets. Bitcoin was down 8.1 per cent to trade around US$43,743 as of 5.11pm in New York. It had dropped as much as as 10.7 per cent earlier, which pushed it below US$43,000 and to its lowest level since the beginning of August. Ether briefly dropped below US$3,000. Popular DeFi tokens some of the biggest declines: Cardano fell more than 10 per cent over the last 24 hours, as did Dogecoin, while Polkadot lost roughly 16 per cent, according to CoinMarketCap.com. The losses mirrored the action in the broader market as global investors weighed the risks coming from Evergrande's debt woes and this week's Federal Reserve meeting. The S&P 500 fell 1.7 per cent in its worst session since May, while European equities tumbled the most in more than two months. "Some have attributed the sudden dip to the currently ongoing Evergrande situation in China which has already caused turmoil in traditional markets," wrote Jonas Luethy, a sales trader at GlobalBlock, the UK-based digital asset broker. "Analysts have suggested a choppy week is ahe...

SeaPRwire
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Morning Briefing: Top stories from The Straits Times on Sept 19

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Sunday, Sept 19. S'pore's new Covid-19 cases cross 1,000 mark; unvaccinated man, 90, dies from complications There are 1,009 new cases, including 926 in the community. READ MORE HERE Some parents call for HBL to start from Sept 20, others would prefer less disruptions This comes in the wake of surging Covid-19 cases. READ MORE HERE ‘My toughest assignment': Khaw Boon Wan on his new role as SPH Media Trust chairman Mr Khaw Boon Wan came out of retirement to chair SPH Media Trust. He tells Executive Editor Sumiko Tan what his priorities are. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Singaporeans still out and about but more cautious as daily Covid-19 cases rise Many are taking more precautions like avoiding crowded areas. READ MORE HERE Concrete proposals to tackle women's issues to be presented in early 2022: PM Lee He outlined 3 broad areas in which Government policies and programmes can help level the playing field for women. READ MORE HERE Reebonz: When the gloss came off a luxury retailer The 12-year-old marketplace's fall from grace had been a long time coming, said exp...

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Singaporeans still out and about but more cautious as daily Covid-19 cases rise

aseanpr
4 minutes

SINGAPORE - Although Singaporeans continue to go out, many are taking more precautions like avoiding crowded areas as daily Covid-19 cases rise. Mr Edward Pang, 64, retired from being a taxi driver in March last year, fearing he would catch Covid-19 and infect his children. He said: "I don't go to crowded places any more, but I still go out for essential needs like buying food." At four shopping malls - Jem, Tampines 1, Century Square and Northpoint City - and at the Singapore Botanic Gardens and a wet market in Yishun last week, The Straits Times found that while there were crowds, people were keeping their distance from others. Even as a steady stream of customers went into the various shops, many appeared somewhat uneasy being out and about. Mr Sufiyan Sulaiman, 34, who has a one-month-old son and was leaving Century Square mall after getting his groceries, said: "Since I have a newborn, I've been making it a point to stay home unless really necessary. "Before this, my wife and I were going to a mall nearly daily. But even if not for him, I would probably cut down anyway since the numbers are going crazy." Dr Gurvin Gill, 34, who was waiting at a taxi stand at Tampines 1 mall on...

SeaPRwire
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Morning Briefing: Top stories from The Straits Times on Sept 18

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Saturday, Sept 18. 934 locally transmitted Covid-19 cases in S'pore, highest since April last year A new Covid-19 cluster with 26 cases emerged at Sembcorp Marine Admiralty Yard. READ MORE HERE Covid-19 cases in S'pore rising faster than expected, but serious infections rising at slower rate High vaccination rate has prevented the healthcare system here from being overwhelmed. READ MORE HERE What you need to do if you test positive for Covid-19 using ART kit and have no symptoms Do not rush to a hospital emergency department, said S'pore's director of medical services Kenneth Mak. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Getting a mild infection after Covid-19 vaccination gives best protection against future variants: Expert Getting an infection teaches the body to recognise all parts of the virus, including the core that cannot change. READ MORE HERE France recalls ambassadors from US, Australia over submarines row The move by France against such key allies is unprecedented. READ MORE HERE Race to succeed Japan PM Suga heats up Who will lead Japan's ruling party into the ...

SeaPRwire

China’s nightmare Evergrande scenario is an uncontrolled crash

elean
8 minutes

SHANGHAI (BLOOMBERG) - Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises to more than 70,000 investors. Construction of unfinished properties with enough floor space to cover three-fourths of Manhattan grinds to a halt, leaving more than a million homebuyers in limbo. Fire sales pummel an already shaky real estate market, squeezing other developers and rippling through a supply chain that accounts for more than a quarter of Chinese economic output. Covid-weary consumers retrench even further, and the risk of popular discontent rises during a politically sensitive transition period for President Xi Jinping. Credit-market stress spreads from lower-rated property companies to stronger peers and banks. Global investors who bought US$527 billion (S$708.8 billion) of Chinese stocks and bonds in the 15 months through June begin to sell. While it's impossible to know for sure what would happen if Beijing allows Evergrande's downward spiral to continue unabated, China watchers are gaming out worst-case scenarios as they contemplate how much pain the Communist Party is willing to tolerate. Pressure to intervene is growin...

SeaPRwire
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Morning Briefing: Top stories from The Straits Times on Sept 16

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Thursday, Sept 16. Australia will upgrade to nuclear-powered submarines in new security partnership with Britain, US The pact is not aimed at China, senior US administration officials said. READ MORE HERE 807 new Covid-19 cases in S'pore; new clusters at two nursing homes There are 13 cases each at Orange Valley Nursing Home in Simei and Jamiyah Nursing Home in West Coast Drive. READ MORE HERE British PM Johnson demotes foreign minister in major Cabinet reshuffle Dominic Raab has faced sustained criticism for his handling of the Afghan crisis. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Vivian Balakrishnan apologises to PSP's Leong Mun Wai after ‘illiterate’ comment circulates online Mr Leong said he received a call from Dr Balakrishnan on Wednesday and he has accepted the minister's apology. READ MORE HERE Moderna says Covid-19 vaccine protection wanes, makes case for booster Moderna on Sept 1 submitted its application to the US FDA seeking authorisation for a booster shot. READ MORE HERE Health Check Podcast: Why bother about asymptomatic Covid-19 cases, says expert Infecti...

SeaPRwire

Four vaccination centres to close down in end-September, but more clinics to offer jabs

aseanpr
4 minutes

SINGAPORE - Four vaccination centres will be closing down at the end of this month (September) and more may follow as the vaccination rate here goes up, said Senior Minister of State for Health Janil Puthucheary on Tuesday (Sept 14). But at the same time, the number of Public Health Preparedness Clinics (PHPCs) which offer vaccinations will be increased from the 79 now to around 100 by the end of October, he added as he stressed the importance of the jabs. There are currently 37 vaccination centres in operation. Those unable to go to vaccination centres or PHPCs to get inoculated will be visited by the Government's mobile and home vaccination teams, he said. Dr Janil was replying to 19 MPs who had asked for updates on the Covid-19 situation here and wanted to know more about Singapore's plans regarding vaccination and opening up. Currently, 81 per cent of Singapore's population are fully vaccinated. Noting that some MPs had asked about the criteria for moving from one stage of reopening to the next, Dr Janil said that what determines this is not just the vaccination rate. "I can understand the desire for transparent and pre-determined criteria, but other than vaccination rates, we ...

SeaPRwire
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S’pore should make Covid-19 vaccination mandatory, so measures can ease for everyone

aseanpr
8 minutes

SINGAPORE - There is no way to stop Covid-19 infections from spreading. The only thing that prolonging, or even enhancing, safety measures can do is to slow that spread - which is Singapore's current game plan. But eventually, large swathes of the population, whether vaccinated or not, will likely encounter the coronavirus. Last Monday (Sept 6), the Government said quick action was needed to dampen the increasing likelihood of an "exponential rise" in cases, even as Singapore hits 81 per cent in its full vaccination rate. Finance Minister Lawrence Wong announced more frequent rostered routine testing for people in higher-risk settings and mandatory testing and self-isolation for those who get health risk warnings. He also urged Singaporeans to limit non-essential social interactions. Some quarters expressed disappointment, pointing out how the Government had earlier said measures would be eased once 80 per cent of the population had been fully vaccinated. But dining in at restaurants remains capped at five people if all are vaccinated, and two at hawker centres regardless of vaccination status. Working from home is still the default with only half the employees allowed back at the ...

SeaPRwire
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Morning Briefing: Top stories from The Straits Times on Sept 12

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Sunday, Sept 12. Chinatown Complex closed after Covid-19 cluster with 66 cases; S’pore reports 555 new infections All staff working at Chinatown Complex are being tested for Covid-19. READ MORE HERE Messages of unity, resolve mark 20th anniversary of 9/11 attacks The greatest lesson from that day was the value of national unity, Mr Biden said. READ MORE HERE RSAF scrambled F16 fighter jets on Saturday in response to potential air threat A Royal Malaysia Police helicopter flew over Pulau Tekong on Saturday morning at around 9.20am. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news About 1,000 F&B, retail businesses open in S'pore each month despite pandemic Not only did the number of businesses formed exceed that of closures, more businesses opened compared with that during the pre-pandemic years, between 2017 and 2019. READ MORE HERE How the Covid-19 cluster linked to Jurong Fishery Port was contained The Jurong Fishery Port cluster is Singapore's largest Covid-19 cluster in the community to date. READ MORE HERE S'pore opens Covid-19 vaccination channels for overseas-based citizens...