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New pilot to better support persons with higher need disabilities and their caregivers

aseanpr 20 4 月

3 minutes

SINGAPORE - In 2019, Mr Singam Murugiah twice tried to enrol his adult daughter, who has intellectual disability, at a centre where she could pick up skills and learn to be more independent. She dropped out both times within a month of enrolling. Ms Shantini was too afraid and uncomfortable because of the unfamiliar surroundings, said the 66-year-old. Due to issues with his own health as well as caregiving duties, Mr Singam does not work. It has him worrying for his 31-year-old daughter's future. He is the main caregiver for his family. His 51-year-old wife has health issues and 28-year-old daughter does not work. He also has a 35-year-old son who is married and does not live with them. When social workers stepped in, they identified Ms Shantini as having a form of social anxiety. She is also afraid of loud noises and having strangers around her. As a result, she avoided leaving her home in Chua Chu Kang, said Ms Jocelyn Tan, head of social work at Movement for the Intellectually Disabled of Singapore (Minds). "Her father, the main caregiver, was facing a significant amount of caregiver stress and burden as Shantini was fully dependent on him for daily necessities," she added. Over...

Consumer watchdog Case gets new executive director

aseanpr 19 4 月

2 minutes

SINGAPORE - The Consumers Association of Singapore (Case) has appointed a new executive director. In a statement on Monday (April 19), the consumer watchdog announced that Ms Lee Siow Hwee replaced incumbent Loy York Jiun at the beginning of the month. Mr Loy, 47, has returned to the National Trades Union Congress, from which he was seconded as deputy executive director of Case on April 1, 2016. He was appointed as executive director in 2017. Ms Lee, 42, has served in the People's Association for 18 years in roles, including as deputy general manager of Central Singapore Community Development Council as well as constituency director of Moulmein-Cairnhill and Jurong Central constituency offices. During the peak of the Covid-19 pandemic last year, she led several national assistance schemes to support affected households and local businesses in central Singapore. These included the CDC Student Meals Scheme, which helped families living in flats under the Public Rental Scheme with children studying in primary and secondary schools defray the cost of buying meals while on home-based learning. Case president Lim Biow Chuan said: "With Siow Hwee's extensive experience in working with sta...

Sanofi Renews Partnership with Cielo to Strengthen its Talent Acquisition Strategy in Asia

indie 19 4 月

3 minutes

SINGAPORE, Apr 19, 2021 - (ACN Newswire via SEAPRWire.com) - Cielo, the world's leading Recruitment Process Outsourcing (RPO) provider, has renewed its partnership with Sanofi, a global biopharmaceutical company, to help them hire the best talent in Asia.Cielo has been working with Sanofi in Asia since 2018 to provide cutting-edge talent sourcing and recruiting strategies in the region, helping Sanofi transform its approach to talent acquisition. The partnership covers key Asian markets of Singapore, Malaysia, Indonesia, Thailand, Philippines, Hong Kong, Taiwan, Vietnam and Cambodia. Cielo is also Sanofi's RPO partner in the US and Latin America - a testament to our strategic approach and global offering."Life sciences leaders such as Sanofi are rapidly transforming their talent acquisition strategies. We are excited to renew our strategic partnership with Sanofi and continue to help them deliver on their commitment in offering innovative healthcare solutions to patients by providing in-demand talent in Asia," said Seb O'Connell, President of EMEA and APAC, Cielo. "We believe that the right talent is a key enabler for any organisation to unlock its true potential and achieve its bu...

Deutsche Bank builds global emerging market forex trading engine in Singapore

elean 19 4 月

3 minutes

SINGAPORE (BLOOMBERG) - Deutsche Bank is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance of the Chinese yuan. Locating new and more powerful computer hardware in the city-state will help the bank shave vital fractions of seconds from the time it takes to execute orders in the region, according to Singapore-based David Lynne, the chief of fixed income and currency operations in Asia region. The shift underscores the need to locate servers closer to customers amid the boom in high-frequency trading and the rise of the yuan, which accounts for about 4 per cent of global currency volumes. It is also a win for Singapore, Asia's biggest currency-trading hub, which is fighting to maintain its lead over chief rival Hong Kong and grab a bigger share of trading in the Chinese currency. "Singapore is growing as a major regional liquidity centre, and we along with some of our competitors are building capacity here to boost the speed of transmission into more Asian countries," Mr Lynne, who is also the regional head of corporate banking, said in an interview last week. "The upgrade...

Morning Briefing: Top stories from The Straits Times on April 18

aseanpr 18 4 月

2 minutes

Good morning! Here are our top stories to kick-start your Sunday, April 18. Arm pain, fever and fatigue: Side effects of Covid-19 vaccine mean immune systems are reacting Side effects tend to be more pronounced in those with more robust immune systems, such as young people. READ MORE HERE Brother, colleague of NUS researcher who tested positive among 4 new Covid-19 community cases The researcher's brother, who works at DBS Bank in Changi, had been working mostly from home. READ MORE HERE How best to counter the virus of disinformation on Covid-19 vaccines? Continue ground engagement and raise awareness of the agendas of those who deliberately mislead, says Singapore editor Zakir Hussain. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Sexual abuse of children on the rise in S'pore: Why victims are afraid to speak out More child sexual abuse cases have been investigated by the authorities in the past decade. READ MORE HERE Britain's Queen Elizabeth stands alone as royal family bids farewell to Prince Philip Mourners at the ceremony in Windsor Castle were limited in number due to Covid-19 rules. READ MORE HERE Heavy rain triggers flooding...

Building rapport with victims key to solving sex crimes, says police officer

aseanpr 18 4 月

1 minute

SINGAPORE - As a police officer investigating a serious sex crime, he once spent half an hour on the floor talking to a girl about Korean pop stars before she felt comfortable enough to share her story with him. Deputy Superintendent Ker Boon Tat, 34, told The Straits Times that having a connection with the victim is key to solving crimes. 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.

Bayer’s pharma chief and the search for ‘magic pills’

elean 18 4 月

1 minute

Remember the picture of Muhammad Ali lighting the Olympic flame at the Atlanta Games? The famously swift hands that mesmerised the world and knocked out many a doughty boxer now jerking awkwardly upwards because of Parkinson's disease affecting his movements? The legendary motor-mouth struggling with every word? At the time when Ali was diagnosed with the disease, the most potent treatment available was levodopa and a common side effect of the drug was dyskinesia, the involuntary, erratic movement of the face and limbs. 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.

Commodities Intelligence Centre (CIC) Sees 26% Jump in Registered Customers in 2020

indie 16 4 月

5 minutes

SINGAPORE, Apr 16, 2021 - (ACN Newswire via SEAPRWire.com) - Singapore-based Commodities Intelligence Centre (CIC) - a Joint Venture between the ZALL Smart Commerce Group (ZALL), Singapore Exchange (SGX) and Global eTrade Services (GeTS) - has announced strong growth in FY2020, driven by the urgency for supply chains to digitalise during the pandemic. In 2020, the number of customers on the platform grew by 26 per cent as compared to 2019 to reach 5800 registered users. Among the commodities traded on the platform include ferrous and non-ferrous metals, agricultural products, plastics and chemicals, and oil products. The total cumulative gross merchandise volume (GMV) on the CIC platform grew by over US$3.1 billion (S$4.1 billion) to reach US$13.4 billion (S$17.6 billion), an increase of more than 30 per cent from 2019.Peter Yu, Chief Executive Officer of CIC shared, "By making our platform and technologies affordable and easy to use, SMEs are able to easily onboard the platform and make use of these digital tools to grow their businesses. With global disruptions such as COVID-19 and the recent Suez Canal incident, we want to help SMEs build more sustainable and resilient businesse...

CoinSmart Appoints Joe Tosti as Chief Compliance Officer

indie 16 4 月

3 minutes

TORONTO, Apr 16, 2021 - (ACN Newswire via SEAPRWire.com) - CoinSmart, a Toronto-based cryptocurrency exchange, announced it has appointed Joe Tosti to the role of Chief Compliance Officer. Joe comes with over 20 years of experience in compliance, trading, operations and wealth planning, having worked with some of the largest public institutions in Canada.Joe's addition to the team follows the latest statement from the Ontario Securities Commission (OSC) announcing that crypto trading platforms must bring their operations as a dealer or marketplace into compliance with Ontario securities law. On March 31, CoinSmart submitted its application for registration as a dealer with the OSC and the securities regulatory authorities in all other provinces and territories of Canada. CoinSmart is also actively engaged in membership discussions with the Investment Industry Regulatory Organization of Canada (IIROC).As Chief Compliance Officer, Joe will provide regulatory oversight and guidance, playing a critical role in customer protection and ensuring customer financial safety. Prior to joining CoinSmart, he served as the Vice President of Compliance at CI Investments and Chief Compliance Offic...

‘We are really unlucky’: Employee of moneylender robbed twice in five months

aseanpr 16 4 月

4 minutes

SINGAPORE - It was deja vu when staff at a Jurong East moneylender experienced the second robbery at their shop on Monday (April 12), just five months after the first. The November case involved a knife, with the culprit pulling the hair of an employee at OT Credit while holding the weapon. He fled with $48,000. The stakes were even higher in Monday's case - Aetos officer Mahadi Muhamad Mukhtar, 38, is said to have robbed OT Credit while armed with a revolver. He allegedly took $24,000. When The Straits Times visited the unit at Block 135 Jurong Gateway Road on Thursday, an employee, who declined to be named, told ST: "I just think we are very unlucky." The second robbery took place after tighter security measures were taken by the shop, including the installation of a new alarm system. The employee said the shop is working with the police to further increase security, but did not elaborate, citing safety reasons. The two cases have also caused concern to a neighbouring shop, NBL Money Transfer, whose staff on Thursday urged the authorities to step up patrols and checks in the area. "It has happened twice here within five months," Madam Lutfunnesa Shahanaz, 53, the money remittance...

ITE student made false report against ex-boyfriend after she breached curfew

aseanpr 15 4 月

3 minutes

SINGAPORE - A 20-year-old student who did not want to get into trouble for breaching her curfew made a police report against her former boyfriend, falsely claiming that he had assaulted her and forced her into a van. Police later learnt the incident did not happen. Tharuna Thirunavukkarasu, a student with the Institute of Technical Education (ITE) College East, had made up the story because she was out drinking with friends on Jan 19 and did not want to end up in prison. On Thursday (April 15), Tharuna pleaded guilty to making the false report with the intent of causing the police to investigate her former boyfriend. At the time of the purported incident, Tharuna was supposed to comply with e-tagging and a curfew after being released under a reformative training (RT) supervision scheme. Details of the curfew were not mentioned in court documents. She was sentenced in September 2018 to time in an RT centre for offences that were not stated in court documents. Those in RT centres have to follow a strict regimen that includes foot drills as well as counselling. On Jan 19, she breached her curfew while out drinking with friends in Telok Blangah. Afraid it would mean she could end up in...

S’pore retailer Naiise to wind up, founder Dennis Tay filing for personal bankruptcy

aseanpr 15 4 月

3 minutes

SINGAPORE - Multi-label retailer Naiise, once the biggest platform for local designers, is winding up. It stopped operations late Wednesday night (April 14), after years of payment delays to its vendors. In a Facebook post early Thursday morning, Naiise founder Dennis Tay announced the decision to liquidate the firm. "It has been an extremely difficult two years, and the last few weeks have been the darkest of my life," he wrote. "I cannot apologise enough to the brand partners whose trust I've misplaced, and to whom monies are still due. I assure you all that the situation remains so because of an inability to pay, and not unwillingness." Explaining, he said he had exhausted his savings and had also borrowed heavily from banks to keep the business afloat. "I also signed personal guarantees for these loans, because as long as Naiise was still an ongoing concern, there was a chance that Naiise would be able to repay, however slowly." But he ran out of time and options. Besides putting Naiise in liquidation, he will also be filing for personal bankruptcy. Among the creditors are hundreds of vendors owed sums from a few hundred dollars to tens of thousands, banks and former employees....

Former deputy lead of MOH data unit charged under OSA with leaking Covid-19 numbers 22 times

aseanpr 14 4 月

2 minutes

SINGAPORE - A former deputy lead at the Ministry of Health (MOH) was charged on Wednesday (April 14) with allegedly leaking Singapore's daily Covid-19 case numbers 22 times last year. Zhao Zheng, 36, who was the deputy lead of MOH's Data Management Unit, faces 24 charges under the Official Secrets Act (OSA). She was arrested in April last year for allegedly leaking the confidential information. Zhao was charged along with her friend Tang Lin, 36, who is accused of soliciting wrongful communication of information by asking Zhao to help her check on the status of a Covid-19 patient. Tang faces 10 charges under the OSA. In a release on Tuesday, the police said they received a report from a member of the public on April 16 last year that the daily number of Covid-19 cases in Singapore had been leaked online prior to MOH releasing the figures. Investigations found that Zhao had allegedly shared the figures on 22 occasions from March to April last year with members of a chat group who were not authorised to receive the information. A total of 64 other people who had received or communicated the information will be issued with stern warnings or written advisories for offences under the OS...

World’s biggest Spac deal sees traders holding their applause as market fervour eases

elean 14 4 月

3 minutes

NEW YORK (BLOOMBERG) - Grab is set to nab the record for biggest deal in the Spac world, yet traders are holding their applause. The Singapore-based firm said it will list on US exchanges through a reverse merger with Altimeter Growth Corp in a deal valued at nearly US$40 billion (S$53.6 billion) that drew institutional backing from heavyweights like T. Rowe Price Group. and Temasek Holdings. As it stands, the blockbuster tie-up would be the largest Spac merger ever, dwarfing the one announced between Lucid Motors and Churchill Capital IV in February, valued at US$24 billion. The transaction is expected to close in July and the company will trade at the Nasdaq with the catchy symbol GRAB. But investors don't seem much interested in seizing this special purpose acquisition company, or Spac, opportunity. Shares of Altimeter Spac rose on the day merger rumours surfaced, but modestly relative to others and they have since fallen toward pre-announcement trading levels in the latest example of Spac market pain. Gone are the 2020 days of indiscriminate Spac deal pops, when everyone wanted to play the deal announcement, Josef Schuster, founder of the Spac index told Bloomberg in an intervi...

ENEDEX Announces World’s First Polkadot Moonbean Cross-Chain DEX for Energy Trading

aseanpr 14 4 月

4 minutes

Decentralized exchange provides leverage and margin trading, energy options and futures trading ZUG, SWITZERLAND / SEAPRWire.com / April 14, 2021 / ENEDEX, a pioneer in energy trading, is proud to announce the first Polkadot Moonbean cross-chain DEX for energy trading, providing an easy way to kickstart new projects and raise capital. ENEDEX is the world's first cross-chain DEX focused on trading energy assets. ENEDEX is a decentralized exchange, providing leverage and margin trading, energy options and futures trading, and automatic trading API with data services. Centralized exchanges have shown their vulnerabilities recently with both OKEx and BitMEX. Bitcoin, which was created to cut out the middleman, has a large portion of its trading volume controlled by the same middlemen. ENEDEX is responding to these issues, answering the call for leaderless solutions for trading. Decentralizing trading allows users to remain in control. It has the potential to enable sourcing of more liquidity than ever before, as is the case with ENEDEX. It allows for the creation of brand-new trading markets. The global Cryptocurrency market capitalization hit the USD 2 trillion mark in April, 2021. Se...

PT Diamond Food Indonesia Tbk. Selects Pepperi to Power Digital Transformation

pandora 13 4 月

4 minutes

New York, NY - SEAPRWire / April 13 2021 / Pepperi, a leading omnichannel B2B sales platform for brands and wholesalers, today announced that PT Diamond Food Indonesia Tbk. (publicly listed in Indonesia Stock Exchange (IDX) with ticker DMND), the largest refrigerated food and beverage manufacturer and distribution company in Indonesia, has selected Pepperi as part of its digital transformation strategy. "After years of manual order entries which resulted in a high rate of human errors, we were looking for a unified B2B sales platform that would automate sales processes and improve visibility into product ranges and stock levels," said Joanito Iwan Tamsil, Corporate IT Head for PT Diamond Food Indonesia Tbk. With a high number of SKUs, and tons of customers resulting in an enormous volume of daily orders, Pepperi offered us an enterprise- grade, omni- channel B2B sales platform with its unique, private label, out- of- the- box native mobile app and browser- based solution. Pepperi's unmatched flexibility, enables us to streamline our sales processes and easily configure the ever- changing demands of our national market," he added. This implementation, that goes live on April 19th, m...

NParks officer charged with corruption, cheating and taking upskirt photos

aseanpr 13 4 月

2 minutes

SINGAPORE - An officer with the National Parks Board (NParks) was charged on Tuesday (April 13) with corruption and cheating, and has also been accused of taking upskirt photos of multiple women. Lee Choon Phing faces nine charges of insulting the modesty of a woman, and one charge each of cheating and corruption. The 48-year-old was a manager of the Community in Bloom branch of NParks, an initiative to promote gardening culture here. In February last year, Lee is alleged to have corruptly attempted to obtain $10,000 from a vendor that was supposed to provide 10,000 hats to NParks but only provided 5,000. NParks had paid the full contract amount of $23,300 to the vendor without imposing late delivery fees after Lee allegedly deceived an NParks accounts executive. As for the upskirt charges, Lee allegedly used his phone to take the photos of multiple women between 2015 and 2019. The victims included those working at a nursery that supplies plants used in parks, and women in trains and near a school. In a release about the case, the Corrupt Practices Investigation Bureau (CPIB) said Singapore adopts a zero-tolerance approach towards corruption and other crimes. Lee is out on $20,000 ...

S.A.M. Trade (Asia) Pte Ltd commences trading in the U.S. on the OTC Markets

indie 13 4 月

3 minutes

St Vincent & the Grenadines, Apr 13, 2021 - (ACN Newswire via SEAPRWire.com) - Global trading broker Samtrade FX Ltd. ("Samtrade FX" or the "Company"), and together with its subsidiaries (the "Group"), announced that its affiliate, S.A.M. Trade (Asia) Pte Ltd, has commenced trading in the United States on the OTC Markets under the ticker symbol "STFX" on March 31, 2021.Sam Goh, Founder and Chief Executive Officer of Samtrade FX, commented: "This strategic milestone brings us one step closer to realising our vision of becoming a front runner in the global financial services industry by 2025. Being publicly traded on the OTC markets helps to advance Samtrade FX's visibility and brand equity, as well as allowing investors to be a part of our growth journey."The Group has made great strides in the past few years, with Samtrade FX securing several awards including "Best Trading Platform, Asia", "Best Forex Introducing Broker, Asia" and "Best FOREX ECN/STP Broker" at The London Trader Show 2020. This serves as a testament of its strong reputation, credibility, and recognition by the industry's top experts, as well as retail traders from around the world.As part of elevating its brand...

Spac boom faces new threat in US with accounting crackdown

elean 13 4 月

4 minutes

NEW YORK (BLOOMBERG) - US regulators are throwing another wrench into Wall Street's Spac machine by cracking down on how accounting rules apply to a key element of blank-cheque companies. The Securities and Exchange Commission (SEC) is setting forth new guidance that warrants, which are issued to early investors in the deals, might not be considered equity instruments and may instead be liabilities for accounting purposes. The move threatens to disrupt filings for new special-purpose acquisition companies until the issue is resolved. The accounting considerations mark the latest effort by the SEC to clamp down on the white-hot Spac market. For months, the regulator has been raising red flags that investors aren't being fully informed of potential risks associated with blank-check companies, which list on public stock exchanges to raise money for the purpose of buying other entities. The SEC began reaching out to accountants last week with the guidance on warrants, according to people familiar with the matter. A pipeline of hundreds of filings for new Spacs could be affected, said the people, who asked not to be named because the conversations were private. "The SEC indicated that t...

Jack Ma’s Ant Group to be financial holding firm in forced revamp

elean 13 4 月

5 minutes

BEIJING (BLOOMBERG) - Jack Ma's Ant Group will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country's fast-growing Internet giants. Ant will now effectively be supervised more like a bank, a move with far-reaching implications for its growth and ability to press ahead with a landmark initial public offering that the government abruptly delayed late last year. The overhaul announced by regulators and the company on Monday (April 12) will see Ant transform itself into a financial holding company, with authorities also directing the firm to eliminate unfair competition in payments, increase oversight of how that business fuels it crucial consumer lending operations, and ramp up data protections. The firm will also need to cut the outstanding value of its money-market fund Yu'ebao. The directives come as China's regulators pledge to curb the "reckless" push of technology firms into finance and crack down on monopolies online. The twin pillars of Ma's empire - Ant and e-commerce giant Alibaba Group Holding - have been at the centre of the increased scrutiny, sending a clear message to the country's largest corporations and their le...

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