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World’s #1 Beads Sofa Brand (US), Yogibo First Online Shop for Singapore

SINGAPORE, Oct 25, 2021 - (ACN Newswire via SEAPRWire.com) - Yogibo, the world's number one Beads sofa brand, will launch its online store in Singapore on November 11, 2021. Yogibo is a brand which originated in New Hampshire (US) in 2009. It has expanded its business throughout the US, to Canada, Netherlands, Japan, Korea, Taiwan, and other countries around the world as an innovative sofa.Yogibo Singapore's Official Online Store Launches on November 11th - Hello SINGAPORE!Yogibo Singapore's Official Online Store Launches on November 11th - Hello SINGAPORE!Yogibo's Beads sofas are made from a single piece of fabric using a special manufacturing process. As a result, Yogibo's Beads products can be used as beds, sofas, recliners, and more as its shape can be arranged freely based on the intended use. It is loved by its fans as "the magic sofa that's too comfortable to move" since it adjusts to your body no matter which direction you sit.Beads sofas are made with multiple fabrics that can be placed upright and don't need backrests. Yogibo's secret is the outer cover, made with patented US technology, available in a wide lineup of sizes and colors to fit every lifestyle, from single-pe...

Micron to hire more staff in Singapore as part of growth plans, amid growing demand for memory chips

SINGAPORE - Chipmaker Micron Technology aims to hire hundreds of research and development (R&D) and manufacturing engineers here in the coming years to bolster its growth plans. These hires are in addition to the 1,500 employees that the United States-based firm has taken on in Singapore since it completed the expansion of its Woodlands facility in 2019, said executive vice-president of global operations Manish Bhatia. 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 exploring use of carbon credits to meet climate goals

SINGAPORE - Singapore is considering using carbon credits to help it reduce its carbon footprint. In response to queries from The Straits Times, a spokesman for the Ministry of Trade and Industry (MTI) said on Wednesday (Oct 20) that Singapore's priority is to reduce its emissions through encouraging industrial energy efficiency and adopting emissions reduction measures. 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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Loh Boon Chye, CEO, Singapore Exchange (SGX): Strengthen market connectivity; support China’s internationalisation

SINGAPORE / WUHAN, CHINA, Oct 18, 2021 - (ACN Newswire via SEAPRWire.com) - To achieve its Five-Year Plan, including its 'dual circulation' and 'new development' strategies, China has continued to promote innovation, digital trade, and sustainable development, making a significant difference in the global landscape. On 13 October, Loh Boon Chye, Vice Chairman of the World Federation of Exchanges (WEF) and CEO of the Singapore Exchange (SGX), delivered a video address at the "Digital Trade and Technology" thematic event during the 2021 Global Digital Trade Conference and the Wuhan (Hankoubei) Commodities Fair.Loh Boon Chye, Vice Chairman of WEF and CEO of SGX delivering his speech at the 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair thematic event "Digital Trade and Technology"As an international multi-asset exchange, SGX is a strong supporter of China's internationalisation efforts across equities, fixed income, currencies, and commodities, and ultimately its economic growth, as capital flows and trade flows are inseparably linked. Loh says that the defining trends of our time, whether in digitalisation or sustainability, are borderless, and collaborat...

Stuck at home and jobless, 26-year-old found passive income in crypto

SINGAPORE - When the pandemic hit last year and left Mr Ng Yu Jie stuck at home without a job, a seemingly improbable solution popped into his head - dabble in cryptocurrency to generate some income. Mr Ng's first step was to invest $350 in Ripple (XRP) on trading platform Torque when each unit cost about 20 US cents or 27 Singapore cents. 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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S’pore’s revised carbon tax rate for 2024 to be announced in Budget 2022: Lawrence Wong

SINGAPORE - Singapore's revised carbon tax rate for 2024 will be announced in next year's Budget, which will also indicate what to expect up to 2030. Speaking at the 35th Singapore Economic Roundtable on Friday (Oct 15), Finance Minister Lawrence Wong said the Republic's carbon price today is too low. This is why the Government is reviewing the level and trajectory of its carbon tax, so that it reflects the cost of carbon and influences investment decisions effectively, he said. And as it introduces higher carbon taxes, it will also enhance U-save rebates to help lower- and middle-income households with the transition, Mr Wong added. Singapore was the first South-east Asian nation to introduce a carbon tax in 2019, but its rate of $5 per tonne is considered to be on the low end of the spectrum. Mr Wong said the carbon price is a key lever for the green transition of Singapore's economy, and the Government is mindful that businesses will need predictability and time to adjust. The most promising options today are clean hydrogen and carbon capture, but these technologies are not available for immediate deployment. And that is why Singapore is investing heavily in research and develop...

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S’pore must strengthen revenue resilience to ensure no citizen is excluded from benefits of growth: Lawrence Wong

SINGAPORE - The lives of Singaporeans and that of their children will become progressively better, and nobody - and no group - will stagnate or feel excluded from the benefits of growth, said Finance Minister Lawrence Wong on Friday (Oct 15). Investments in these efforts to mitigate inequality and improve social mobility entail regular spending, and in order to cope with rising spending needs, Singapore will have to strengthen the resilience of its revenue base, he added. "We must continue to reduce inequality and promote greater social mobility among all segments of society and throughout (people's) working lives... All these efforts will require more recurrent funding. "But these are areas that the Ministry of Finance (MOF) will not hesitate to spend on - to invest in the progress and well-being of our people, to temper inequality and improve social mobility, and to counter the tendency for a mature society to stratify. "These are fundamental tenets of our commitment to Singaporeans." He gave this assurance to all Singaporeans, as he outlined Singapore's fiscal strategies and the thinking behind them, at the 35th Singapore Economic Roundtable organised by the Institute of Policy ...

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Loh Boon Chye, CEO of SGX: Strengthen market connectivity and capital flows, and support China’s internationalisation

SINGAPORE, Oct 15, 2021 - (ACN Newswire via SEAPRWire.com) - "To achieve its Five-Year Plan - including its "dual circulation" and "new development" strategies, China has continued to promote innovation, digital trade, and sustainable development, making a significant difference in the global landscape." On 13 October, Loh Boon Chye, Vice Chairman of the World Federation of Exchanges (WEF) and CEO of the Singapore Exchange (SGX), delivered his video speech at the "Digital Trade and Technology" thematic event during the 2021 Global Digital Trade Conference and the Wuhan (Hankoubei) Commodities Fair.Loh Boon Chye, Vice Chairman of WEF and CEO of SGX delivering his speech at the 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair thematic event "Digital Trade and Technology"As an international multi-asset exchange, SGX is a strong supporter of China's internationalisation efforts across equities, fixed income, currencies, and commodities, and ultimately its economic growth, as capital flows and trade flows are inseparably linked. Loh says that the defining trends of our time, whether in digitalisation or sustainability, are borderless, and collaboration is esse...

Singapore foster mum coaxes teenager to come out of her shell

SINGAPORE - Nadia (not her real name) wants to be a baker and sell kueh after she graduates. Her dream was nurtured by her foster mother, Madam Faridah Ahmad, who taught her how to bake cookies last year. 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.

Deliveroo Singapore to help 200 riders upgrade to e-bicycles by sponsoring up to 50% of costs

SINGAPORE - Deliveroo Singapore will sponsor up to 50 per cent of the cost of a new power-assisted bicycle (PAB) to ease the financial burden of 200 riders looking to upgrade their vehicles. The food delivery company announced the pilot of this initiative, known as the Power-Assisted Bicycle Upgrading Subsidy Scheme, on Tuesday (Oct 12). The programme will enable walkers and cyclists to convert their mode of delivery to an electric bicycle so that they can increase their earnings by making more deliveries in a shorter time. In October, 200 riders will be invited to join the scheme. Deliveroo will pay for up to 50 per cent, with a $500 cap, of selected Land Transport Authority-compliant PAB models from two suppliers, Mobot and Falcon PEV. Mr Ong Zhi Hao, 29, a Deliveroo rider who will be taking part in the subsidy scheme, said he did not have the financial means to purchase an electric bicycle. "Now, with my savings coupled with Deliveroo's help, I am glad to be able to upgrade to a PAB to deliver more orders to customers and boost my income in a safe manner," he said. The $100,000 initiative is funded by Deliveroo Singapore's global community fund. The shortlisted riders will be ab...

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惠胜置地与EnjinStarter签署独家框架协议以数字化惠胜资产及创造新的数字资产(包括NFT和可与惠胜商场及酒店的现有会员积分来兑换的虚拟币)

SINGAPORE, Oct 12, 2021 - (亚太商讯 via SEAPRWire.com) - 惠胜置地有限公司(Hatten Land Limited,简称“惠胜置地”)今天表示,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”)已和Prakal私人有限公司(Prakal Pte. Ltd.,又称“EnginStarter”)签署了一份协议,目的是为了开发一个专属虚拟币系统和创建包括非同质化代币(non-fungible tokens, “NFT”)在内的数字资产,在惠胜拥有许多酒店与商场资产的马六甲,促进并发展数字经济。上述独家框架协议(“本协议”) 是在新加坡交易所凯利板上市的惠胜置地(亦称为“公司”,公司与其子公司合称为“集团”)在全球数字化加速发展的大环境下,惠胜置地正在为其在马六甲的商场资产进行转型,以纳入数字与区块链元素。EnjinStarter将制定一套虚拟币系统(Tokenomics),以便让虚拟币和NFT与惠胜集团(Hatten Group)的现有会员积分系统以及进行兑换或连接。从马六甲起步,该系统将在参与的酒店、景点、商场和商户等地使用。EnjinStarter也将为即将创建的虚拟币系统和“元宇宙(metaverse)”提供维护及支持服务。这个与EnjinStarter合作的项目将于2021年10月中展开,并于2022年3月底交付,虚拟币系以及加密相关的元素及/或成分将于与虚拟币系统和“元宇宙”连接。本协议的初始期限为2年,并可每2年自动续约,直到协议终止。EnjinStarter已和Enjin私人有限公司(Enjin Pte. Ltd.,简称“Enjin(恩金)”)签署了一份协议,申明EnjinStarter是一家特殊目的公司(Special Purpose Vehicle, SPV),而设立EnjinStarter旨在促进Enjin(恩金)平台生态系统发展开发的启动平台。Enjin(恩金)平台推动了许多开创性的区块链游戏、应用程式和项目。此外,作为NFT的市场,Enjin(恩金)拥有逾2千万名用户,覆盖超过25万个游戏社区。Enjin(恩金)支持总值超过11亿4,000万美元的区块链资产,包括1,250万个ENJ恩金币。惠胜置地及其母公司惠胜集团在马六甲这个自15世纪就屹立于马六甲海峡的古城的酒店与旅游领域占有很大份额,是当地领先的开发商之一。该集团在马六甲拥有或经营建筑总面积超过600万平方英尺的零售商场和4间酒店。根据该协议,惠胜科技和EnjinStarter将合作开发一个“元宇宙”,起步于马六甲‘数字双城’(称为“数字马六甲(Digital Melaka)”),旨在推动马六甲的实体与数字旅游活动,并加快马六甲数字经济增长。数字马六甲反映了现实...

Singapore said to canvass wealth circles on tax ideas

SINGAPORE (BLOOMBERG) - Singapore's government has been soliciting feedback on its tax regime, including having conversations around wealth taxes, as discourse grows around this potentially sensitive topic. While the government regularly consults various industry groups on fiscal policies, the talks around such taxes appear to have picked up pace following comments by Monetary Authority of Singapore (MAS) chief Ravi Menon in July that expanding levies on the rich may be needed to address wealth disparity. Officials from the administration have met with members of Singapore's business elite and advisers to the rich to gauge their reactions and understand concerns, according to people familiar with the discussions, who asked not to be identified because of the delicate nature of the topic. The discussions took place through official feedback sessions as well as unofficial meetings over meals, they said. Singapore's low taxes and stability have long attracted the world's wealthiest, from Facebook co-founder Eduardo Saverin to James Dyson, the billionaire founder of the eponymous vacuum cleaning giant, making the city-state a hub for private banking, family offices and asset management...

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More than 200,000 police cameras to be installed islandwide by 2030

SINGAPORE - They have proven useful in deterring crimes and locating missing persons. The police will get greater access to such help, with more than 200,000 police cameras slated to be installed islandwide by 2030, up from the 90,000 already in place. The cameras will be set up in public residential estates, neighbourhood centres and hawker centres, as well as commercial and entertainment districts. Since their installation began in 2012, the devices have aided officers to solve more than 5,000 cases. Deputy Assistant Commissioner of Police Kenneth Nge said on Thursday (Oct 7) that the cameras have been most effective in solving crimes related to unlicensed moneylending-related harassment and thefts. Mr Nge, who is also assistant director of the operations systems division, noted that the cameras help curb physical crimes too. For instance, unlicensed moneylending-related harassment cases involving damage to property in Housing Board estates dropped by 67.9 per cent, from 1,745 in 2015 to 561 last year. Motor vehicle thefts at carparks plunged by 82.1 per cent, from 251 cases in 2015 to 45 last year. Housebreaking in HDB estates decreased by 56.8 per cent from 74 cases in 2015 to ...

1,926 visitors travelled to Singapore from Germany and Brunei; 2 tested positive for Covid-19 on arrival

SINGAPORE - Since the Sept 8 launch of quarantine-free travel for vaccinated travellers from Brunei and Germany, 1,926 visitors have made the journey to Singapore with two testing positive for Covid-19 on arrival. The two had flown in from Germany under Vaccinated Travel Lane (VTL) arrangements and undertook the polymerase chain reaction (PCR) test on arrival, the Civil Aviation Authority of Singapore (CAAS) said on Saturday (Oct 9). It added that the travellers were isolated and there was no interaction with the local community. In an update, the authority said a total of 4,676 VTL passes have been issued as at Friday to short-term visitors and long-term pass holders to enter Singapore from the two countries. Under the travel scheme announced then, visitors were not required to undergo quarantine, but they had to go through four rounds of PCR testing: pre-departure, on arrival, as well as on day three and day seven after arrival. CAAS said no other positive case was detected from both Germany and Brunei, including during the post arrival tests on day three and day seven. Number of VTL passes issued up to Friday: 4,676 - From Germany: 4,497 - From Brunei: 179 Number of VTL arrivals...

S’pore to allow quarantine-free travel to 9 more countries including US, UK

SINGAPORE - Travellers vaccinated against Covid-19 will be able to fly to nine more countries and return without quarantine in the coming weeks, in the Republic’s biggest move to reopen its borders so far. Travel to Singapore will also be made easier, with visitors under the Vaccinated Travel Lane (VTL) scheme only needing two Covid-19 swab test in order to enter Singapore, down from the current four. The two are: a pre-departure and on-arrival polymerase chain reaction (PCR) test. From Oct 19, vaccinated travellers be able to fly to Canada, Denmark, France, Italy, the Netherlands, Spain, Britain and the United States. The scheme will be extended to South Korea from Nov 15, the Ministry of Transport had said on Friday (Oct 8). Travellers from the nine countries will be able to enter Singapore without quarantine under the VTL scheme. Transport Minister S Iswaran announced the update to Singapore border measures on Saturday during a press conference by the multi-ministry task force handling the Covid-19 pandemic. The nine countries are already open to travellers from Singapore, or will be open by the time the VTL starts. This would allow Singapore residents to travel, including for l...

S’pore households should save electricity as costs increase due to fuel prices: Gan Kim Yong

SINGAPORE - Households in Singapore are advised to conserve electricity as costs are set to rise following the doubling of fuel prices, said Minister for Trade and Industry Gan Kim Yong on Tuesday (Oct 5). In a written parliamentary response that day, Mr Gan said fuel prices have more than doubled over the past 1½ years, impacting countries worldwide including China, Japan, Britain and countries in the European Union. Price movements in the global energy market will affect Singapore, which imports nearly 100 per cent of its energy needs, said Mr Gan. The minister was responding to questions by Mr Murali Pillai (Bukit Batok) on the rising price of natural gas, which is expected to cause a steep spike in electricity prices in Singapore in the next quarter, and efforts to cushion the impact. Mr Pillai also asked how the Government plans to protect Singaporean households affected by the economic fallout of the Covid-19 pandemic while also encouraging them to be more energy efficient. National grid operator SP Group announced on Sept 30 that the electricity tariff for households will increase by 3.1 per cent from October to December. This is the highest it has been priced since the Janu...

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

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...

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Team Singapore honoured in Parliament; work being done to increase cash rewards for para-athletes

SINGAPORE - Minister for Culture, Community and Youth Edwin Tong on Tuesday (Oct 5) moved a motion in Parliament to honour Team Singapore athletes who competed at the 2020 Tokyo Olympic and Paralympic Games. In his address, he also reaffirmed the Government's commitment to supporting and enhancing sports in Singapore at all levels, including disability sports. The issue of monetary rewards for Paralympians was in the spotlight recently after swimmer Yip Pin Xiu won two gold medals at the Paralympic Games in Tokyo. Each win will earn her a $200,000 reward, which is a fifth of the payout for an Olympic gold. Mr Tong touched on how some MPs had inquired about this disparity in Parliament. He said the private award schemes are managed by the relevant sports bodies. The Major Games Award Programme (MAP) for able-bodied athletes is managed by the Singapore National Olympic Council (SNOC), while the Athletes' Achievement Awards (AAA) for para-athletes is managed by the Singapore National Paralympic Council (SNPC). The Tote Board is the primary sponsor for both programmes, which also feature contributions from the private sector. The award amounts offered under both schemes are raised and ...

Proposed law on foreign interference is aimed at hostile actors: Singapore envoy tells UN review

SINGAPORE - It is not the Government's intent to prevent all forms of foreign influence, only those which attempt at manipulation. Neither does Singapore intend to use the powers under a proposed law on foreign interference against those who engage in legitimate commentary, news reporting, civil activities or academic research, the Republic has told a United Nations meeting. These individuals and groups may do so even if their views are critical of Singapore or the Government, said the permanent representative of Singapore to the United Nations Office in Geneva, Ambassador Umej Bhatia, as he delivered Singapore's national statement at the adoption of its third Universal Periodic Review (UPR) outcome on Friday (Oct 1). "Our concern lies with the use of coordinated, deceptive methods by hostile foreign actors to manipulate our political discourse and disrupt our society," Mr Bhatia added. The adoption of the report on Singapore's UPR took place at the 48th session of the United Nations (UN) Human Rights Council. The UPR looks at the human rights records of all 193 UN member states every five years. Singapore submitted its report to the UN in January and participated in its UPR on May...

2 endangered giraffes from India arrive at Singapore Zoo, on show at Wild Africa zone

SINGAPORE - Two young endangered giraffes from India have arrived at the Singapore Zoo and the public can view them from Thursday (Sept 30) in the park's Wild Africa zone. The two Rothschild's giraffes, which are from India's Mysuru Zoo, belong to one of the most endangered subspecies of giraffes. Fewer than 2,000 of the Rothschild's subspecies are left in the wild. Their journey to Singapore involved a 22-hour interstate road trip and a seven-day sea voyage, zoo operator Wildlife Reserves Singapore (WRS) said on Thursday. Named Balaji and Adhil, the two healthy male giraffes, who are both about one year old, arrived at Jurong Port in May. Transporting the giraffes to Singapore was a challenge for WRS, as there was a lack of suitable air freight due to the pandemic. "As there was a limited window period to ship the fast-growing youngsters before they outgrew all forms of transport, the team explored the option of surface transport," WRS said. The two giraffes have been adopted by Kuok Singapore, which runs the PACC Line shipping line that brought the animals from India to Singapore. They were named by the Mysuru Zoo. Balaji means strength in Hindi and is also the name of an Indian ...