Follow us on Telegram for the latest updates: https://t.me/mothershipsg Against the backdrop of plummeting advertisement revenue, there may be few alternatives but to have the government support the media, said the Minister for Home Affairs and Law K. Shanmugam. "You have no choice if you want high quality journalism," he added. Pressure faced by media outlets all over the world Speaking to reporters on May 8, the Minister for Home Affairs and Law pointed to a trend of pressure faced by media businesses all over the world, causing some of the most prestigious names in the newspaper business to restructure or close. Speaking about SPH, he said: "The problem is not readership — readership hasn't declined. In fact, readership of SPH media has grown in the last five years." "The old business model doesn't work," said Shanmugam, noting that advertisers had moved platforms to tech giants Google and Facebook. He also singled out France in particular, where the ... » Learn More about Shanmugam on govts helping the media: ‘You have no choice if you want high-quality journalism’
Global fund unfunded quality demand
AsiaOne has launched EarthOne , a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this there . SINGAPORE - Booming green finance markets need to be subject to stronger global regulation to ensure the best results for investors and the planet, Singapore's Minister for Sustainability and the Environment Grace Fu told Reuters. Companies are under increasing pressure to reduce carbon emissions and burnish their sustainability credentials, fuelling a flurry of investment in financial instruments, such as green bonds and carbon credits. Asia-Pacific borrowers more than doubled issuance of bonds tied to environmental, social and governance (ESG) themes to a record $69 billion (S$93 billion) this year. Money raised through these bonds should fund projects that have a positive impact on the environment but standards, rankings and metrics vary widely, making it difficult to judge the quality of a ... » Learn More about Singapore wants global standards for green financing
The top US diplomat in Hong Kong said the imposition of a new national security law had created an "atmosphere of coercion" that threatens both the city's freedoms and its standing as an international business hub. In unusually strident remarks to Reuters this week, US Consul-General Hanscom Smith called it "appalling" that Beijing's influence had "vilified" routine diplomatic activities such as meeting local activists, part of a government crackdown on foreign forces that was "casting a pall over the city". Smith's remarks highlight deepening concerns over Hong Kong's sharply deteriorating freedoms among many officials in the administration of President Joe Biden one year after China's parliament imposed the law. Critics of the legislation say the law has crushed the city's democratic opposition, civil society and Western-style freedoms. The foreign forces issue is at the heart of the crimes of "collusion" with foreign countries or "external elements" detailed ... » Learn More about China’s attacks on ‘foreign forces’ threaten Hong Kong’s global standing – top US envoy
It never rains but it pours. The old saying seems to perfectly match Thailand's current situation as the country not only confronts a raging pandemic while trying to rehabilitate a fragile economy, but must also deal with external headwinds ignited by the bitter trade dispute between the US and China. Although the US has a new president in Joe Biden, the trade spat between the two giant economies remains far from resolved, as the Biden administration has not made any major changes to the policies it inherited from former President Donald Trump. Though he represents a different political party, Mr Biden has maintained a tough trade stance with Beijing. Mr Biden insisted existing tariffs be kept in place for now as he looks to boost the US economy, which was hit hard early in the pandemic but is now recovering. Beijing also maintained duties on some imports from the US. Mr Biden signed an order early this month amending a ban on US investment in Chinese companies begun under ... » Learn More about Keeping an even keel on trade
Vincent Tan passes the baton The company must be about collective individuals, not me alone, says Tan. Essentially, BCorp is a fund manager of various businesses that will allocate capital and measure this against ROE (return on equity). New CEO Abdul Jalil Abdul Rasheed is an authority on good corporate governance and transparency, said the group. Jalil acquires 70 million BCorp shares days after named new CEO Abdul Jalil Abdul Rasheed has acquired a stake in the company days after he was appointed to the post. BCorp, in a statement, said Jalil had acquired 70 million shares at 28 sen each, which gave the former boss at Permodalan Nasional Bhd a 1.4% equity interest in the company. BCorp had earlier said that Jalil was brought in with a mandate to transform the sprawling business group into a high-performing organisation. Ringgit slips to 4.133 at opening over Covid-19 resurgence fears The ringgit slipped further versus the US dollar as demand for ... » Learn More about Summary of business news: March 22-28
Super rich people from China, Indonesia, India and other countries are flocking to Singapore during this Covid-19 pandemic, Bloomberg Wealth reported on May 27, 2021. This fact checks out with a March 2021 revelation that the number of ultra high net worth individuals (UHNWI) in Singapore grew during the 2020 pandemic. As 2021 grinds on, these wealthy individuals who used to come to Singapore for the short term to shop, dine, socialise, and relax are now here longer term, setting up shop and laying roots by acquiring residency status, as travel worldwide continues to be curtailed and safe havens against a virulent virus dwindle. Why Singapore favoured by the rich Bloomberg Wealth reported that Singapore is a safe haven health-wise, as the mortality rates in Malaysia and Indonesia are more than 10 and 30 times higher on a per capita basis, according to data collected by Johns Hopkins University. Singapore's rate of Covid-19 infection is also considered much lower ... » Learn More about Super rich from China, Indonesia & India choosing S’pore to reside in during Covid-19 pandemic
The following is an opinion article by Andrew J. Wood. His statements and opinions are entirely his own. BANGKOK: To counter the impacts of COVID-19 and prepared for the future post-pandemic, global travel will need to change. The COVID-19 crisis presents a unique opportunity to collaborate on reviving the industry. The pandemic and associated travel restrictions have had a devastating impact on tourism. This pause has led to a new beginning and reimagination of how tourism can be more robust, profitable, sustainable, impactful, and responsible in the future. Now is an opportunity to unite tourism stakeholders as they reopen their doors a new chapter that will develop a new understanding of the balance between: human needs vs. economic progress & environmental/social needs vs. financial prosperity Travel will return. With increased vaccination, we have seen this already. The bounce-back is significant. PATA in their recent report forecast international visitor ... » Learn More about Opinion: The Future of Travel – How will Travel Change?
SINGAPORE: Singapore took another big step in advancing the green agenda last month. The country on May 20 announced plans to position itself as a hub for carbon services. Climate Impact X (CIX) is a joint venture between the Development Bank of Singapore, Singapore Exchange, Standard Chartered Bank and Temasek Holdings. First envisioned by the Emerging Stronger Taskforce’s Alliance for Action on Sustainability, CIX will provide a marketplace for trading carbon credits commencing in late 2021. READ: New global carbon exchange to be headquartered in Singapore Singapore is well-suited to hosting a carbon marketplace. It is an ideal base for multinational companies working on projects that generate emission credits across the region. As a regional leader for commodities trading, Singapore also deals with many energy majors and traders who will form a large part of the clientele for carbon market ancillary services. There are already around 30 firms here offering carbon ... » Learn More about Commentary: The merits of Singapore’s new carbon trading marketplace
23-year-old NTU Engineering student Toh Wen Qi was tasked with what seemed like an impossible task during her apprenticeship at a Deep Tech startup earlier this year: To determine the sweetness of a tomato without destroying it. For weeks, the team she was attached to handled tomatoes of various sizes, squeezed them, juiced them, and even put them through a garlic press. There has been some research done on this involving hyperspectral infrared imaging. So the team built a multispectral imaging system which uses near-infrared LED lights. But no matter what they did, they could not get the LED bulbs to light up. Frustrated, the team kept ramping up the power supply until it finally glowed bright red for a split second before it exploded. “That’s how we figured that we shouldn’t expect to see near-infrared wavelengths with our eyes,” says Toh. The team hasn’t yet come up with a solution but Toh’s experience at the startup, Polybee, is indicative of most Deep Tech startups ... » Learn More about S’porean at local startup explains Deep Tech & its relationship with… tomatoes?
KUALA LUMPUR: Sunway Bhd is looking to list its healthcare arm, Sunway Healthcare Holdings Sdn Bhd, on Bursa Malaysia in six to eight years. The group plans to build six new hospitals over the next four years and according to Sunway Group president Tan Sri Chew Chee Kin, (pic) this is crucial to enable the group’s hospitals to start delivering healthy earnings prior to a listing on the stock exchange. “Most of the hospitals will be ready within the next three to four years. “They should be recording positive earnings when we go for a listing, ” he said during a media briefing here yesterday. Sunway Group founder and chairman Tan Sri Jeffrey Cheah is confident that a total of eight hospitals would be in full swing within the next eight years. Currently, the group has two hospitals with a capacity of over 800 beds namely, Sunway Medical Centre Sunway City in Selangor and Sunway Medical Centre Velocity (pic below) in Kuala Lumpur. It is targeting to increase its ... » Learn More about Sunway aims for eight hospitals