Read More

Tiger Brokers (Singapore) Expands Offerings with Singapore’s First L&I ETPs in Partnership with Phillip Capital Management

SINGAPORE, Dec 1, 2021 - (ACN Newswire via SEAPRWire.com) - Xiaomi-backed online brokerage Tiger Brokers (Singapore) ("Tiger Brokers") today announced its partnership with Phillip Capital Management (PCM), the award-winning Asian fund management company. Tiger Brokers has joined PCM as a new Distribution Partner and a Participating Dealer for PCM's two newly launched exchange-traded products, namely Phillip MSCI Singapore Daily Leveraged & Inverse Products (collectively "Phillip L&I Products").With effect from 1 December 2021, Singapore-based traders and investors[1] will be able to trade Phillip L&I Products through Tiger Brokers' platform, Tiger Trade. These products would allow investors and traders to achieve a constant daily leveraged or inverse exposure, to the MSCI Singapore Index which covers about 85 per cent of free-float market capitalisation in the Singapore Exchange universe. The MSCI Singapore index is designed to measure the performance of the large- and mid-cap segments of Singapore equities.The trading of units on Phillip L&I Products will commence on Tiger Brokers' trading platform on 1 December 2021.Mr Eng Thiam Choon, CEO of Tiger Brokers (Singap...

Read More

S’pore-Malaysia VTL: First bus arrives in Queen St with 3 passengers after delay; 1 person got off at JB Customs

SINGAPORE - Four people boarded the first bus from Malaysia under the land vaccinated travel lane (VTL) on Monday morning (Nov 29), but only three managed to enter Singapore. The first bus arrived at Queen Street Terminal at 9.48am, after a delay. Ms Renee Looi, who was on the first bus, told The Straits Times that one man was unable to complete the journey because he was held up at the Johor Baru Customs. She said: “He boarded the bus at Larkin Sentral Bus Terminal but when we arrived at the checkpoint, he was brought to another place by an officer. “We waited for him but in the end, we left without him.” Ms Looi, 29, made a trip to Johor Baru three weeks ago to visit her father before the new VTL arrangement kicked in. However, she had to first serve a week-long quarantine at a hotel there. “I was actually planning to come back yesterday, but decided to delay it by a day since they announced the VTL and I wouldn’t have to be quarantined,” she said. Meanwhile, Mr Alex Lee, 40, was the sole passenger on the second bus that arrived at 9.51am. Mr Lee, who works in sales, said his bus departed from Larkin Sentral Bus Terminal in Johor Baru at 7.30am. "There were delays at the JB custo...

Read More

S’pore pharma firm pivots for pandemic success

You’re familiar with a key pandemic mantra: Wash your hands frequently with soap and water. No soap and water? Use hand sanitisers. Want to avoid alcohol-based sanitisers because of dry skin or other conditions? A local company has a solution: A lotion that combines alcohol and emollients to moisturise the skin while protecting against the coronavirus and harmful germs. “Everyone should be washing and sanitising their hands regularly during this Covid-19 period, but frequent use of alcohol-based sanitisers can disrupt the skin’s defence barrier,” explains Mr Lim See Wah, 54, chairman and chief executive of Hyphens Pharma International. Launched in June, the lotion is one of the company’s many products and innovations that has helped Hyphens Pharma grow and expand globally — even in a pandemic. Adds Mr Lim, who graduated from the National University of Singapore with a degree in pharmacy: “We wanted to help people, especially those with dry and sensitive skin, better protect their hands. “In fact, recognising the urgent need in the market (because of the pandemic), we got the product out six months after coming up with the idea, and it has been very well-received.” Caring for people...

Read More

Sasseur REIT Wins Highly Esteemed Corporate Excellence and Resilience Award at Singapore Corporate Awards and Two Awards at The Global Good Governance Awards

SINGAPORE, Nov 22, 2021 – (ACN Newswire) – Sasseur Asset Management Pte. Ltd. (“SAMPL”), the manager of Sasseur Real Estate Investment Trust (“Sasseur REIT”), is pleased to announce that Sasseur REIT has clinched three awards in November: the highly esteemed Corporate Excellence and Resilience Award at the Singapore Corporate Awards (“SCA”) 2020/2021 (Special Edition) held on 17 November 2021, Best Governed and Transparent Company (Gold) and Best Corporate Communications & Investor Relations (Gold) at the Global Good Governance Awards(TM) held on 16 November 2021. Ms Cecilia Tan, CEO of SAMPL, said, “We are extremely delighted and gratified to receive this highly esteemed Singapore Corporate Awards. This year’s award is a special edition where it specifically recognises winning companies’ efforts in upholding best practices in corporate governance and demonstrating leadership, innovation and resilience during the COVID-19 pandemic. For Sasseur REIT, this award carries great significance. Faced with unprecedented challenges in the business environment brought about by the pandemic since early 2020, we remained steadfast in the midst of high levels of uncertainty and disruption, ...

Everyone can do their part to keep Singapore clean and green: DPM Heng

SINGAPORE - As Singapore marks 50 years since its first Tree Planting Day, each and every Singaporean can do his or her part to keep the country green and sustainable, Deputy Prime Minister Heng Swee Keat said on Sunday (Nov 21). "The saplings planted 50 years ago have grown into beautiful trees with broad canopies and deep roots," he said. "In the same way, the Clean and Green Movement can continue to broaden and deepen in the years ahead." In a pre-recorded message from Mount Faber where one of Singapore's founding fathers, Dr Goh Keng Swee, planted a raintree at the first Tree Planting Day in 1971, DPM Heng said tree planting has become a cherished national tradition that has evolved and expanded into the Clean and Green Singapore movement which was launched on Sunday. In his speech, he outlined how people can keep the country green, reduce waste and ensure the city remains clean. He said Singaporeans could keep the country green by taking part in the One Million Trees movement which aims to plant more than a million trees here over the next decade. They could also partake in the national gardening movement and the NPark's Gardening with Edibles programme, which saw some 460,000...

Singapore faces tough challenges in green financial hub ambitions

SINGAPORE - As the world economy gradually gets rewired for net-zero carbon targets, global financial centres such as Singapore face a formidable challenge to carve out a similar niche in the green future. Attracting new listings of green bonds in the local capital market is important but will not be enough for Singapore to become a leading hub for sustainable finance. 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.

Read More

Building Trust, Having a Strong Fundamental Business Model and Embracing Digital Solutions are among the Key Retail Trends and Innovations Highlighted at the Recent Asia Retail Leaders Conference 2021 Organised by SMU RCoE

SINGAPORE, Nov 19, 2021 - (ACN Newswire via SEAPRWire.com) - A total of 304 participants attended the Asia Retail Leaders Conference 2021 staged by the Retail Centre of Excellence at Singapore Management University on 17 November in Singapore.SMU RCoE ARLC 2021 Speaker Panelist SessionThe full day hybrid conference revolved around the current developments and challenges faced by the retail industry such as prolonged and rising disruptions to businesses from the pandemic, changing consumer behaviour and up-and-coming technological innovations. 10 industry experts from the retail sphere and academic shed light on the critical relationship between digital transformation, trends, insights and topical issues such as sustainability, in empowering retailers and attendees with the required knowledge to emerge from and thrive in the post-pandemic environment.Technology that is aiding retailers to develop cost-effective omnichannel touchpoints with their customers has emerged as a critical factor to succeed in the rapidly evolving futuristic retail ecosystem. With the changed consumer's shopping behaviour as a result of the pandemic, progressive technologies such as Augmented Reality (AR) an...

Risk of flash floods in several areas, including Pasir Panjang, Dunearn Road

SINGAPORE - There is a risk of flash floods occurring in several areas in Singapore after heavy rain on Thursday (Nov 18) filled drains and canals to near full capacity, the PUB warned. In social media posts, the national water agency said water levels in drains and canals had reached 90 per cent in Pasir Panjang and Commonwealth Drive at around 8.20am. PUB had earlier said that heavy rains were expected in many parts of Singapore from 8.30am to 10.30am on Thursday. Water levels had risen past 90 per cent in Jalan Boon Lay and Clementi Road as at 8.30am. Hillcrest Road, which is near National Junior College, and Dunearn Road, near Sime Darby Centre, also saw water levels rise past 90 per cent. The Meteorological Service Singapore said earlier that wet weather is expected to continue for the rest of November, with thundery afternoon showers forecast on most days during this period, which will extend into the evening on a few days. Due to the prevailing winds, the showers could be especially intense on one or two days, said the Meteorological Service Singapore. While the second half of November is not expected to be as wet as the first, the overall rainfall for the month is forecast ...

Read More

Strict Covid-19 testing for high-profile Bloomberg forum as S’pore revives global event hub ambition

SINGAPORE - One of the most-watched global events to be held in Singapore since the start of the pandemic was under way on Wednesday (Nov 17) in a meticulously planned albeit muted fashion, as the Republic took another step towards business as usual as a leading events hub. The Bloomberg New Economy Forum (NEF) saw Covid-19 testing and safety measures implemented with no hiccups for about 300 international business and government leaders who descended on Sentosa island's ritzy Capella hotel. As part of a pilot scheme by Singapore starting this week - to allow larger gatherings of fully vaccinated attendees who undergo prior testing - the NEF is helping create a blueprint for how such events can be done, Bloomberg Media's global communications head Brian Strong told The Straits Times. "The protocols are stringent in the best way possible - to keep people safe," he added. All participants international and local must be fully vaccinated, and must take a daily antigen rapid test (ART) provided free of charge by organisers at seven testing stations around the island. Members of the media were assigned to take their tests at a relatively deserted Sentosa Beach Station carpark, with only...

Jetstar Asia aims to relaunch services between Singapore and Perth from Feb 12 under Vaccinated Travel Lane scheme

SINGAPORE - Travellers can make plans to fly to Perth, a popular holiday destination and home to many Singaporeans, once again. Jetstar Asia aims to relaunch flights between Singapore and the capital of Western Australia state from Feb 12, when two-way quarantine-free travel is expected to be available under the Vaccinated Travel Lane (VTL) scheme. On Tuesday (Nov 16), the low-cost subsidiary of Australia's Qantas airline said it will operate four weekly services to Perth once the route is approved for VTL. Currently, two-way quarantine-free travel has been approved for fully vaccinated Singaporeans heading to Sydney and Melbourne from Sunday (Nov 21). Australian media reported on Oct 31 that tourists, workers and students will be allowed to visit New South Wales and Victoria without spending 14 days in hotel quarantine. Fully inoculated travellers from Australia have been able to enter Singapore without having to serve a stay-home notice since Nov 8. Travellers have to fly to Singapore on designated VTL flights, as part of various requirements under the scheme. Jetstar Asia's head of commercial Clive Ashmore Butler said the route would allow Singaporeans living in Perth to reconne...

Read More

初识Unite.io:RLY网络聚焦亚洲帮创作者重塑粉丝文化

SINGAPORE, Nov 15, 2021 - (亚太商讯 via SEAPRWire.com) - 继海外创作者驱动平台Rally.io大获成功,近日,同样基于RLY网络的新平台Unite.io正式上线,旨在真正赋能亚洲地区的创作者,促进亚太地区的创作者经济(Creator Economy)发展。打破创作者与粉丝的 "围墙",重新定义创作者所有权Rally.io去年上线,因为拿到了Andreesen Horowitz(a16z)、Canaan、Battery Ventures、Coinbase Ventures、Green Bay Ventures等在内的一众海外知名互联网和区块链领域风投和机构风险投资机构的“橄榄枝”而备受追捧。其最大特点为,创作者可以在RLY网络上发行自定义的加密货币,即创作者代币Creator Coin,该代币的价值会随着创作者的品牌价值、效用增长获得升值。比如,截至目前,Rally.io已吸引了212位创作者,其中超过74%构建了自己的6位数的社群通证经济;5位创作者构建了超过100万美元的代币经济。构建于RLY网络之上,Unite.io希望借助Rally.io此前的经验,帮助亚洲创作者与其社群构建活跃且独立的数字经济生态。创作者们在内容越来越丰富的创作者经济时代,构建属于自己的通证经济模型,发行创作者代币Creator Coin,与粉丝建立更紧密关系。越来越多数字平台在创作者与粉丝群中构筑起了一道“围墙”,使得创作者面临诸多限制,其获取的收益也被层层剥削,粉丝社群及其亲密度也受制于平台;另一方面,粉丝无法更近距离接触喜爱的创作者,没有可以直接支持其创作发展的方式。尤其在亚洲,尽管年轻用户、数字原生一代促生着蓬勃的内容产业,而付费订阅率却远低于美国市场。为了解决这一系列问题,作为一种全新的可持续交互模式,Unite.io致力拆除了原有数字平台横在创作者与粉丝之间的那堵“墙”,通过去中心化技术,让创作者跟粉丝一起共享收益、分享作品所有权,有效提升数字化参与。Unite.io允许创作者利用加密货币等去中心化技术,直接发行通证(代币),粉丝可以通过购买创作者代币Creator Coin来获取VIP特权,特权包括多种内容和形式:独家数字内容亦或是进入创作者私享群组等。于此同时,Unite.io重新定义了所有权形式,并将其归还给创作者,一反数字平台对于内容创作者抽取的大额佣金、垄断作品所有权的做法。据介绍,在Unite.io平台,“所有权”分为三种形式:-- 收入所有权:Unite.io允许创作者铸造自己的创作者代币Creator Coin,创作者收入模型不由平台决定,也不依赖于广告商或赞助商。-- 内容所有权:创作者的作品独立于平台而存在,不受平台约束和限制。-- 社群所有权:创作者与粉丝通过新型互动方式来建立直接交流的关系,粉丝群可来...

Five-power defence pact’s challenges 50 years on

SINGAPORE - Members of the Five Power Defence Arrangements (FPDA) recently held a series of activities to mark the defence pact's golden jubilee this year. These ranged from unveiling new stamps to holding an exercise with 2,600 participating troops that culminated in a multinational flypast and naval display off Marina Bay on Oct 18. Consisting of Britain, Australia, New Zealand, Malaysia and Singapore, the FPDA was formed in 1971 with the aim of safeguarding the external defence of Singapore and Malaysia, amid the withdrawal of British forces from Singapore. From an initial focus on building air power capabilities, FPDA activities in later decades evolved to include joint exercises and cooperation on non-conventional threats such as piracy and humanitarian aid and disaster relief. Even as the grouping has updated itself to maintain its relevance over the years, experts said that challenges lie ahead, from the defence capability gap between its members to possible disagreements over its long-term vision. Why it matters Unlike binding defence treaties such as Nato, the FPDA is a loose consultative framework between its members. It commits the five members to consult in the event of...

Read More

Tiger Brokers (Singapore) Receive Approvals from SGX as Depository Agent, Clearing and Trading Member for Investor Trades

SINGAPORE, Nov 10, 2021 - (ACN Newswire via SEAPRWire.com) - Xiaomi-backed online brokerage Tiger Brokers (Singapore) Pte. Ltd. is pleased to confirm that it has received official approval as Clearing Member and Depository Agent of the The Central Depository (Pte) Limited ("CDP") and Trading Member of the Singapore Exchange Securities Trading Limited ("SGX-ST") and Singapore Exchange Derivatives Trading Limited ("SGX-DT"), from the Singapore Exchange Ltd ("SGX").Eng Thiam Choon, CEO of Tiger Brokers (Singapore) commented, "Tiger Brokers has always focused on bringing a superior and seamless user experience to investors. Our status as a Clearing Member of SGX's CDP will strengthen our presence amongst Singaporean investors and financial institutions as a recognised and credible regulated online brokerage, while providing the added security and efficiency that could possibly reduce the cost and risk of settling multiple transactions among multiple parties. This will also allow us to focus on Gen Z investors and beyond, trading and investing as part of their wealth management, while gaining a higher level of trust with institutional partners to onboard our B2B platform."Pol de Win, Se...

Singapore aims to curb ‘greenwashing’ via stress tests, technology: MAS

SINGAPORE (BLOOMBERG) - Singapore's financial watchdog is turning to regulation and technology to tackle so-called "greenwashing," which it considers the weakest link in the push to expanding sustainable finance. Banks in Singapore will have to undergo stress tests from next year while making regulatory disclosures to ensure they're managing risks related to climate change and other environmental issues, Ravi Mr Menon, managing director of the Monetary Authority of Singapore, said in an interview. Data verification using technology that can attest to the provenance of green products will also be required, he added. Greenwashing is the act of making false or misleading claims about the environmental benefits of a product, service or technology. Mr Menon said the potential for greenwashing is on the rise as more funds are allocated for sustainability projects. Stocks and funds highly rated on environmental, social and governance metrics have attracted trillions of dollars of investments in recent years. The introduction of stress tests means banks will have to get a better handle on the climate risks tied to their borrowers, their customers and supply chains, said Mr Menon, who also ...

Read More

惠胜置地与新加坡金融科技集团Hydra X 成立合资公司,并在新加坡和马来西亚开发和运营加密货币交易所, 专注于“绿色”和“干净”的加密货币和代币

SINGAPORE, Nov 2, 2021 - (亚太商讯 via SEAPRWire.com) - 新交所凯利板上市的惠胜置地有限公司(Hatten Limited) (“惠胜置地”, “公司”,连同其子公司统称为 “集团”) 欣然宣布,其全资子公司惠胜科技(新加坡)私人有限公司(Hatten Technology (S) Pte. Ltd.,简称“惠胜科技”)已与本土金融科技公司Hydra X(新加坡)私人有限公司(HydraX Pte. Ltd.,简称“Hydra X”)签署了合资协议(“JVA”)成立一家合资公司(“合资公司”),在新加坡和马来西亚共同开发和运营“首创”的加密货币交易所 (“加密货币交易所”) 。该合资公司将在两国申请加密货币交易所和相关托管服务所需要的监管批准。这两个加密货币交易所被认为是全球首个此类交易所。该合资公司是惠胜置地采取的最新举措,旨在重新规划其在马六甲的商场,并使其商业模式与数字经济的增长趋势保持一致。该集团已宣布计划在历史悠久的马来西亚城市的创建“metaverse元宇宙”数字双城,开发专属虚拟币系统,非同质化代币(“NFTs”)在内的数字资产。 惠胜置地还与合作伙伴在商场的屋顶安装太阳能电池板,并有可能建造100MWp的大型太阳能光伏发电(“LSSPV”) 设施。这些光伏设施将使环境友好型的加密货币挖矿成为可能,并将从与两个合作伙伴一起运营的共计3,000台加密货币挖矿设备开始。由此产出的数字资产也可能在加密货币交易所上市或交易。 由于每笔交易都记录在分布式账本上,受监管的金融机构可能会拒绝接受可能被用于非法活动的比特币。然而,新挖的没有交易历史的“原始比特币”被认为是崭新的,可能会因此获得溢价。使用可再生能源开采的“绿色比特币”在加密货币投资者中越来越受欢迎。 加密货币交易所将专注于新挖的比特币 (也称为“原始比特币”或“干净比特币”) 、生态友好的比特币包装代币 (“绿色比特币”),以及其他“绿色”加密货币、虚拟代币和/或“绿色”信贷。除了运营交易所之外,合资公司还将通过为上市或正在交易的加密货币和虚拟币提供托管服务来产生收入。根据合资协议,惠胜将持有合资公司60%的股权,其余40%股权将由Hydra X持有。作为加密交易所开发成本的部分支付方式,惠胜置地将发行新股于Hydra X,Hydra X随即成为惠胜的股东之一。Hydra X 提供一整套完整的跨传统和跨类别数字资产专业解决方案总部位于新加坡的Hydra X为资本市场领域的全球金融机构提供数字技术基础设施。它提供符合法规的端到端多资产市场基础设施解决方案,可实现数字资产和传统资产之间的互操作性。Hydra X的管理团队由创始首席执行官刘俊锐领导,在金融、金融监管、法律和技术方面拥有合计60年的经验。 Hydra X的客户包括DBS星展银行等金融机构,目...

Read More

Cryoviva Singapore Gets AABB Accreditation for Somatic Cells’ Processing, Storage, and Distribution

Singapore, Nov 2, 2021 - (ACN Newswire via SEAPRWire.com) - Family cord blood bank Cryoviva Singapore is pleased to announce that it has now been accredited by the Association of the Advancement of Blood & Biotherapies (AABB), formerly known as the American Association of Blood Banks, for both cord blood and somatic cells' banking services. Cryoviva is the first family cord blood bank in Singapore to get accredited by AABB for Somatic Cells' processing, storage, and distribution. The company had already been accredited by AABB previously for Cord blood collection, storage, processing and distribution, an accreditation that has been successfully extended until September 30, 2023. The news of the AABB accreditation for both cord blood and somatic cells' services closely follows Cryoviva's recent expansions into the Middle East. The company is now serving families in the UAE and Bahrain, enabling them to store their baby's precious umbilical cord blood at Cryoviva's world-class facilities in Singapore. "We are indeed proud to get the AABB accreditations and being the first private cord blood bank to get it for somatic cells' processing, storage and distribution. It has been our co...

Novo Tellus files for Singapore Spac IPO

SINGAPORE (BLOOMBERG) - Singapore buyout firm Novo Tellus Capital Partners has applied to list a special purpose acquisition company (Spac) with the city-state's exchange, according to people with knowledge of the matter. The technology and industrials-focused firm is planning to raise between $200 million and $250 million through an initial public offering (IPO) of the blank-cheque company, said the people, who asked not to be identified as the process is private. The IPO could take place as soon as the end of this year, said the people. Novo Tellus would be among the firms vying to be first to list a Spac on Singapore's exchange, a group that includes Vertex Holdings, a unit of Temasek Holdings Pte, and European asset manager Tikehau Capital, Bloomberg News has reported. The potential IPO comes after Singapore started allowing blank-cheque companies to list in September. Deliberations are still ongoing and the size and timeline of the Novo Tellus Spac IPO could still change, said the people. Novo Tellus didn't immediately respond to requests for comment made outside normal business hours. Novo Tellus raised US$250 million (S$337 million) for its second South-east Asia fund in Dec...

At 28, computer engineer manages her own team in Singapore bank

SINGAPORE - Computer engineering major Michelle Tee knew little about banking when she joined Citi Singapore fresh out of university in 2016 under a technology analyst programme. But her leap of faith paid off as she picked up key concepts along the way and was eventually promoted several times to manage her own team at the age of 28 - after just five years of working there. 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’s six universities admitted about 1,000 more students this year due to Covid-19 disruptions

SINGAPORE - Singapore's universities admitted about 1,000 more students this year than originally planned, making space for those whose plans to study overseas were disrupted by the Covid-19 pandemic. This is similar to last year's measures, when 1,000 more students were admitted to the universities than originally planned. These students had their university plans disrupted or were polytechnic diploma holders who were opting to study instead of work due to a weak job market. On Friday (Oct 29), the Ministry of Education (MOE) said the places were offered to support students while maintaining admissions standards to ensure a high quality of education. Overall, the six autonomous universities admitted about 17,800 Singaporean students this year. The autonomous universities comprise the National University of Singapore, Nanyang Technological University, the Singapore Management University, the Singapore University of Social Sciences, the Singapore University of Technology and Design and the Singapore Institute of Technology. MOE added that it will continue to monitor the global Covid-19 situation and its associated travel restrictions when it is accessing support measures for next ye...

Sons of former Singapore president Ong Teng Cheong resolve family business dispute

SINGAPORE - The sons of former Singapore president Ong Teng Cheong have resolved their dispute over the architectural business founded by their parents, less than six months after elder son Ong Tze Guan sued his younger brother Ong Tze Boon and six other shareholders. In his lawsuit filed on April 30, Mr Ong Tze Guan, 55, claimed that his 28.45 per cent shareholding in Ong&Ong Holdings had been acquired by the defendants at an undervalue. 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.