singapore

Thai restaurant at Golden Mile Tower under investigation for selling pig blood curd

aseanpr 19 5 月

2 minutes

SINGAPORE - A Thai restaurant is under investigation for the illegal sale and possession for sale of pig blood curd, the Singapore Food Agency (SFA) said on Wednesday (May 19). On May 14, the agency conducted an operation at the restaurant in Golden Mile Tower after receiving information about it. The operation found the restaurant selling a dish containing pig blood curd. Unsold pre-packed pig blood curd was also seized. Such products are banned in Singapore because animal blood can easily support the growth of bacteria and may contain diseases, said the SFA. It explained that the unhygienic harvesting of blood can also lead to the introduction of pathogens - which cause disease - into blood food products. As illegally imported food products are from unknown sources, they can pose a food safety risk, said the SFA. In Singapore, food can be imported only by licensed importers and every consignment must be declared and have a valid import permit. SFA advised members of the public who discover the sale of illegal food products to not patronise these food outlets and to provide feedback at this website or to call the SFA Contact Centre at 6805 2871. Those who illegally import and sell...

QIA mulls injecting HSBC headquarters into CDL’s planned Singapore Reit: Sources

elean 19 5 月

2 minutes

SINGAPORE (BLOOMBERG) - Qatar Investment Authority (QIA) is in talks to inject HSBC Holdings' London headquarters building into a planned real estate investment trust (Reit) to be listed by City Developments Ltd (CDL), people with knowledge of the matter said. The potential deal would boost the value of the Reit's portfolio to £1.8 billion (S$3.4 billion) from £600 million, said the people, who asked not to be identified as the information is private. The Gulf sovereign wealth fund and the Singapore developer aim to raise £500 million from an initial public offering (IPO) of the sterling-denominated Reit for UK commercial properties, the people said. The IPO could take place in Singapore as soon as the third quarter, they said. Deliberations are ongoing and there is no certainty that a deal will proceed, said the people. A representative for CDL declined to comment. A representative for QIA did not immediately respond to requests for comment. The IPO denominated in sterling would be only the second such offering in Singapore, after Elite Commercial Reit's first-time share sale raised £135.4 million last year. CDL has been working with DBS Group Holdings and Oversea-Chinese Banking ...

Businesses, families would have been severely hit if Singapore closed its borders to migrant workers: MOM

aseanpr 18 5 月

3 minutes

SINGAPORE - Singapore would have been hit hard by a shortfall of at least 100,000 workers and 30,000 domestic workers if migrant workers had not been allowed to enter after the circuit breaker period last year, the Ministry of Manpower (MOM) said on Tuesday (May 18). MOM said that the Republic would have had a labour shortage of 70,000 service sector workers - including those in essential services such as healthcare and cleaning - 30,000 construction workers and 30,000 domestic workers if Singapore had closed its borders last year. The ministry revealed this in response to recent calls by members of the public to shut Singapore's borders entirely in order to bring down the number of imported Covid-19 cases. “The impact to businesses and families would have been severe,” the ministry said, echoing previous statements it previously made on the issue. It noted that it has, since May 2, "completely stopped entry of all from South Asia". "At the same time, businesses have been appealing for more workers to be allowed to enter Singapore to address manpower shortages," it said. On Monday, key representatives from the construction industry and built environment sector issued a plea to the ...

Emerging Stronger Taskforce: Strengthen S’pore’s international partnerships, especially with South-east Asia

aseanpr 17 5 月

3 minutes

SINGAPORE - Singapore should position itself as a partner for recovery and growth, and foster win-win partnerships with its neighbours. The country can do so by working with countries in the region at all levels, including through partnerships between businesses, and deepening Singapore's engagement with and knowledge of the region. These were among the recommendations in a report released on Monday (May 17) by the task force set up to transform Singapore's economy amid the pandemic. "As a small and open economy, international trade is indispensable to Singapore," said the Emerging Stronger Taskforce (EST), which was set up last May to guide Singapore's economic recovery from the Covid-19 crisis. "In a more troubled world, we must resist the tide of turning inwards. We must continue to cultivate strong and meaningful international partnerships with the world." The task force said Singapore must contribute to South-east Asia in particular, noting that Asean was the third-largest market in Asia after China and Japan in 2019, and the fifth-largest globally. More platforms should be established to bring interested companies together to engage the region at the business-to-business leve...

Emerging Stronger Taskforce: Establish S’pore as carbon trading and services hub, seize green opportunities

aseanpr 17 5 月

7 minutes

SINGAPORE - Singapore should establish itself as a carbon trading and services hub, as part of a broader push to seize growth opportunities in the area of sustainability. This was among a set of recommendations made by the Emerging Stronger Task Force to transform the country's economy amid the pandemic, in a report released on Monday (May 17). National Development Minister Desmond Lee, who co-chairs the task force, said Covid-19 has "crystallised" the fact that sustainability is an important and existential issue, and the growing demand for a green economy presents an opportunity for Singapore to establish itself as a first mover in this area. There is a pressing need to establish the Republic as a sustainability hub, while fulfilling its own carbon commitments and contributing to the global agenda to tackle climate change at the same time, said the task force in its report. The task force noted that demand for carbon services and trading is expected to increase as voluntary carbon markets scale up significantly to meet Paris Agreement goals. By 2050, the global carbon offset market could be worth US$200 billion (S$267 billion), as demand could grow exponentially by up to 100 time...

More ultra-rich individuals interested in setting up family offices in Singapore

elean 14 5 月

1 minute

SINGAPORE - Singapore's growing status as a financial hub is luring increasing numbers of well-heeled families from across the world to set up offices here to manage their money. Experts point to Singapore's regulatory environment and geography as key factors in its attraction as an investment destination for the world's wealthy. 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.

NutryFarm Ventures Into Singapore’s Durian Market with Established Singapore E-Commerce Company, Ebuy

indie 12 5 月

2 minutes

Singapore, May 12, 2021 - (ACN Newswire via SEAPRWire.com) - The Board of Directors (the "Board") of NutryFarm International Limited (the "Company', and together with its subsidiaries, the "Group") wishes to announce that Global Agricapital Holdings Pte. Ltd. ("Global Agricapital"), a wholly-owned subsidiary of the Company, had on 11 May 2021 entered into a memorandum of understanding with EBuy Pte Ltd ("Ebuy") to expand its durian business activities in Singapore (the "MOU").Under the MOU, Ebuy will import and distribute pre-packaged durians into Singapore from Malaysia and Thailand on behalf of Global Agricapital, and from the suppliers of Global Agricapital. Global Agricapital will ensure the consistent supply, quality and authenticity of the pre-packaged durians from its suppliers.The parties expect to start the first shipment by 1 June 2021.Established as an e-commerce company in Singapore since 2013, Ebuy is a leading distributor of fresh produce in Singapore, including daily fresh vegetables and fruits, to food service providers, retailers, restaurants and hotels. Ebuy has 13 refrigerated warehouses in 3 locations with 16 trucks.Since December 2020, Nutryfarm has announced v...

SPH calls for trading halt pending release of announcement

elean 6 5 月

1 minute

SINGAPORE - Singapore Press Holdings (SPH) on Thursday morning (May 6) called for a halt in the trading of its shares pending the release of an announcement. The filing with the Singapore Exchange was made at 7.37am before the stock market opened. Shares of SPH, which publishes The Straits Times, closed down two cents or 1.1 per cent at $1.79 on Wednesday. More on this topic Related Story SPH reports H1 net profit of $97.9 million as its businesses recover from Covid-19 pandemic Related Story SPH undergoing strategic review to consider options for its various businesses

Futu SG’s New Referral Programme “Share leh!” Rewards Users for Sharing

pandora 5 5 月

6 minutes

FUTU's latest investment platform goes the extra mile to make investing easy with a community Singapore, May 4, 2021 - (ACN Newswire) - Futu Singapore Pte. Ltd. ("Futu SG"), a wholly-owned subsidiary of Futu Holdings Limited (Nasdaq:FUTU) announced the launch of its new "Share leh!" campaign on its latest one-stop investment platform, moomoo, which aims to further boost the idea of inclusivity and connectivity within the investing community. The campaign, which runs from 1 May to 31 May 2021, will provide benefits to both new and seasoned users. In line with the company's mission to "make investing easier and not alone", Futu SG has come up with an enhanced referral programme where new users and their friends are able to earn up to 20 Twitter (TWTR) shares*, which have a net worth doubling more than what was offered during the last campaign (one was previously able to earn up to S$600 cash coupon). In addition, users who had opened an account prior to the campaign can still enjoy benefits from the new referral programme as their list of referrers gets reset back to zero. Under the "Share leh!" campaign, new users will now receive 1 free Apple (AAPL) share, along with 180 days commi...

Flexible workspace demand rises amid recovering economy in Singapore

elean 3 5 月

1 minute

SINGAPORE - Demand for co-working spaces in Singapore has increased markedly in recent months with signs of economic rebound and more people back at work in the office. International Workplace Group (IWG), which has 24 locations across its co-working space brands here, noted that occupancy of its space in the Central Business District shot up 28 per cent in December and January from previous months after the announcement of phase three of the reopening of the economy. 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.

Singapore firms with India operations tackling business survival, employees’ well-being

elean 3 5 月

1 minute

SINGAPORE - A Singapore software solutions company that has the bulk of its key staff in India is beefing up recruitment to ensure it has enough manpower in case the South Asian country's surging infection rate hits its workforce. Napier Healthcare employs around 500 Indian workers who are usually based in Hyderabad or Bangalore but have been working from home since last year. It has only one to two Singaporeans working there for short periods on occasion. 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.

Entry ban to further squeeze manpower in S’pore’s construction, landscaping sectors

aseanpr 2 5 月

1 minute

SINGAPORE - The frightening surge in Covid-19 cases in India has had repercussions around the world, and Singapore has not been spared, with delays and disruptions across the economy. Much of the impact stems from a ruling that has barred all long-term pass holders and short-term visitors who have travelled to India within the last 14 days from entering or transiting through Singapore since April 24. 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.

Good chance S’pore can achieve 6% growth this year: PM Lee

aseanpr 1 5 月

5 minutes

SINGAPORE - There is a good chance that Singapore can achieve 6 per cent growth or better this year, but this will only take the country back to where it was before Covid-19 struck, Prime Minister Lee Hsien Loong said on Saturday (May 1). Singapore's workers must grow new muscles, seize new opportunities and prepare themselves for life after Covid-19 through training and skills upgrading, PM Lee said in his May Day Rally speech. Noting that the global recession has been less protracted than initially feared, he said Singapore's economic outlook going forward has brightened considerably. While Europe is still struggling to contain the virus, the United States is expected to make a strong recovery this year on the back of a large stimulus package and good progress made in vaccinating its population. China's economy is performing strongly too, PM Lee added. "These external trends give us confidence in our own prospects," he said. "Earlier, MTI (Ministry of Trade and Industry) forecasted that we would make 4 per cent to 6 per cent growth this year. Barring a setback to the global economy, and provided our domestic Covid-19 situation remains stable, there is a very good chance we can ac...

Moomoo Inc. clinches Title Sponsorship for Yahoo Finance?s Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

indie 29 4 月

5 minutes

Singapore, Apr 29, 2021 - (ACN Newswire via SEAPRWire.com) - Moomoo Inc, an all-in-one digitalised stock trading and wealth management platform and a wholly owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has been selected as the title sponsor of the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.Berkshire Hathaway's Annual Shareholders Meeting, known as the "Woodstock for Capitalists", is one of the most well attended shareholder meetings in the world. In the new normal, the event will be broadcast remotely. Yahoo Finance will connect moomoo's 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett.Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice Chairman Charlie Munger, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain share their insights on economic recovery, today's markets, the company, and more.Mr. Leaf Hua Li, Founder...

Singapore Police Force station inspector allegedly molested 2 men at police facility

aseanpr 28 4 月

2 minutes

SINGAPORE - A police station inspector was charged in a district court on Tuesday (April 27) after he allegedly molested two men at a police facility. Yick Wai Hong, now 46, faces two molestation charges. He is said to have committed the offences in January last year. His alleged victims cannot be identified due to a gag order. Court documents do not state if they are in the Singapore Police Force. The court heard that in January last year, Yick allegedly pulled one of the men's head towards him, causing the latter's forehead to touch the station inspector's groin. Yick is said to have pulled a second man's head towards his groin at the same facility on Jan 23 last year. Police told The Straits Times in a statement on Tuesday evening that Yick has been suspended from service since April 8 this year. A police spokesman said: "Officers of the Singapore Police Force are expected to uphold the law and maintain high standards of discipline and integrity. We deal with officers who break the law severely, including charging them in court." Yick's bail was set at $10,000 and his case has been adjourned to May 18. For each count of molestation, an offender can be jailed for up to two years ...

S’pore-Hong Kong air travel bubble to start on May 26: Ong Ye Kung

aseanpr 26 4 月

4 minutes

SINGAPORE - The much-anticipated air travel bubble to allow quarantine-free travel between Singapore and Hong Kong is set to take off on May 26 - six months after its initial planned launch. Originally planned to start in November last year, it was deferred by both parties due to the worsening Covid-19 situation in Hong Kong. Singapore's Ministry of Transport (MOT) said on Monday (April 26) that the travel bubble will have a cautious start. There will be one flight a day in each direction, capped at 200 passengers on each flight for the first two weeks. The numbers will be reviewed thereafter. Singapore-Hong Kong air travel bubble to start on May 26, with tighter set of rules | ST LIVE Rules for travel will also be tightened. Travellers must have remained in either Singapore or Hong Kong in the last 14 days prior to departure, and the 14 days period must exclude any time spent in quarantine or stay-home notice (SHN) arising from their last return to Singapore or Hong Kong from overseas. In addition, they must now download and install Hong Kong’s LeaveHomeSafe app on their mobile devices prior to leaving Singapore for Hong Kong. If the air travel bubble has to be suspended when the ...

10-year plan to boost Singapore’s position as hub for intangible assets and intellectual property

aseanpr 26 4 月

2 minutes

SINGAPORE - A masterplan has been drawn up to strengthen Singapore's position as a global hub for intangible assets (IA) and intellectual property (IP). Its initiatives include creating jobs and skills in the IA and IP sector. The 10-year blueprint, known as Singapore IP Strategy 2030, was announced on Monday (April 26), and will involve a task force comprising at least 10 government agencies, including the Intellectual Property Office of Singapore. The task force will be helmed by Minister in the Prime Minister's Office Indranee Rajah, with Second Minister for Law Edwin Tong as deputy chairman. One of the aims of the masterplan is to boost economic growth in Singapore through IP transactions and activities, and ensure that the country offers a conducive environment for businesses to protect and manage their IA and IP. Plans to achieve this include creating a next-generation IP filing system to support innovators and enterprises. The system will be more intuitive to use, with predictive assistance and a user-friendly dashboard offering users analytical insights for better decision-making when managing their IP portfolios. It is targeted to be launched by the middle of 2022. The mas...

Expect more volatility – and also opportunity

elean 26 4 月

4 minutes

SINGAPORE - If there is one thing that is a constant for equity markets, it is turbulence and volatility. And that proved true last week as key stock indexes bounced between record highs and month lows as sentiment swung between greed and fear. Reports that the Biden administration was proposing a capital gains tax to fund its expensive fiscal and reconstruction agenda sent Wall Street stocks plunging on Thursday to their lowest levels in weeks, only to quickly bounce back the next day. The Dow Jones index rose 227.59 points to close the week at 34,043.49, while the broader S&P index gained 45.19 points to 4,180.17. The tech-heavy Nasdaq rose 198.39 points to 14,016.81. The Straits Times Index posted a slight 6.26 point gain to 3,194.04. But for the week, the Singapore benchmark was down 7.72 points as sentiment was dampened somewhat by concerns over a resurgence of Covid-19 community cases here. Record daily highs in new global Covid-19 cases are sending jitters through markets. But every challenge also presents opportunities. Singapore's most traded pure-play medical suppliers and distributors ended the week on a high note. Stocks like Top Glove, Medtecs International, Riverstone...

A helping hand for Hari Raya

aseanpr 25 4 月

1 minute

SINGAPORE - Outgoing Education Minister Lawrence Wong gave out food hampers and green packets on Saturday (April 24) to residents in Marsiling-Yew Tee GRC, where he serves as MP and adviser. This was part of a two-day event that started on Saturday to help 550 households with their expenses during the ongoing festive period of Ramadan leading up to Hari Raya Puasa on May 13. Mr Wong, who will take over the Finance Ministry from Deputy Prime Minister Heng Swee Keat on May 15, was joined by other MPs for the group representation constituency - Mr Zaqy Mohamad, Mr Alex Yam and Ms Hany Soh - and about 20 volunteers. They gave out essential items such as rice, oil, biscuits and sugar, as well as close to $10,000 in total. The initiative is part of community outreach efforts by the Singapore Statutory Boards Employees' Cooperative, and is supported by the Singapore National Cooperative Federation.

Billionaire James Dyson switches residency back to UK from Singapore

elean 22 4 月

3 minutes

LONDON (BLOOMBERG) - James Dyson has switched his residency from Singapore to the UK, reversing a move he made about two years ago after his technology firm revealed plans to relocate its headquarters to the city-state. Mr Dyson, 73, now primarily lives in the UK, according to filings for companies the billionaire controls including his family office Weybourne. Similar filings cited Singapore for the entrepreneur's residency in 2019 after his company said it would move its head office there as the maker of bagless vacuum cleaners focused increasingly on South-east Asia. "We do not comment on private family matters and nothing has changed in respect of the company," a Dyson spokesperson said. "The structure of the group and the business rationale underpinning it are unaltered." Mr Dyson, a prominent Brexit supporter who's worth US$29 billion (S$38.5 billion), faced criticism from UK lawmakers for relocating his company. Now he is at the centre of another controversy after he texted Prime Minister Boris Johnson in March 2020 to get assurance that his staff would not face a change in their tax situation if they came to the UK to help make ventilators in response to Covid-19, according...

Copyright © 2020 ASEANPR.Com All rights reserved.