Posts by Yurie Miyazawa
Allianz pull-out ‘provides clarity’ on Income’s special position
GERMAN insurer Allianz likely misjudged Income Insurance’s special position in Singapore, industry watchers said. And the government’s intervention in the proposed acquisition, they added, highlights the importance of preserving Income’s social mission. The comments came after Allianz in a surprise move on Monday (Dec 16) announced its decision to withdraw its pre-conditional offer to acquire…
Read MoreCosco Shipping begins building expanded logistics hub on Jurong Island
LOGISTICS management service provider Cosco Shipping International (Singapore) started construction work on Phase 2 of its logistics hub on Jurong Island on Tuesday (Dec 17). When completed, the capacity of the hub will be almost double what it is currently. It will have an additional 2.5 hectares (ha) of land and about 62,500 sq m…
Read MoreDBS forecasts strong growth for suburban retail Reits in 2025, names its top picks
SINGAPORE’S suburban real estate investment trusts (Reits) are poised for growth next year, although there is a temporary risk in the form of retail business flowing to Johor Bahru (JB) by way of the Rapid Transit System (RTS) connecting the two cities, said DBS. In a Dec 16 report, DBS Group Reserarch analysts Geraldine Wong…
Read MoreOver 8,000 platform workers born before 1995 opt for increased CPF contributions as of Dec 2024
AS of December 2024, more than 8,000 platform workers born before 1995 have voluntarily opted in for increased Central Provident Fund (CPF) contributions, said the Ministry of Manpower (MOM) in an update on Tuesday (Dec 17). From Jan 1, CPF contributions will be deducted for platform workers born before Jan 1, 1995, who have opted…
Read MoreEconomists weigh in after Tesla CEO Elon Musk says Singapore is ‘going extinct’ amid low birth rate
THE oft-discussed issue of Singapore’s low birth rate was recently flagged by Tesla chief executive Elon Musk who declared that Singapore is “going extinct” amid a low birth rate. Musk was responding to a post on X which referred to Singapore’s low birth rate, shrinking labour force, and its attempts to combat its population woes…
Read MoreHot stock: Wee Hur falls by over 8% after exit from Australian student dorm business
SHARES of construction engineering company Wee Hur fell on Tuesday (Dec 17) morning, after the group announced that it is selling its Australian-focused purpose-built student accommodation (PBSA) portfolio for A$1.6 billion (S$1.4 billion). As at 10.04 am, the counter tumbled by 8.4 per cent or S$0.04 to S$0.435, with 16.5 million shares changing hands. …
Read MoreCromwell E-Reit manager to refinance office loans early with higher all-in interest rate facility
This is to facilitate the divestment of its stake in the Reit and European fund management platform THE manager of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) on Tuesday (Dec 17) said it will refinance its Netherlands office loans early with a higher all-in interest rate facility. The Netherlands office loans had a fixed…
Read MoreTikTok CEO Chew met Trump at Mar-a-Lago ahead of US ban
TIKTOK CEO Shou Chew met with president-elect Donald Trump at Mar-a-Lago on Monday just weeks before the popular video app is expected to be banned in the US over national security concerns. The private meeting, confirmed by a source familiar with the discussion, came just hours after Trump suggested he’d somehow try to reverse the…
Read MoreTikTok asks Supreme Court to temporarily block looming US ban
TIKTOK asked the US Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the popular online video-sharing platform or shut down a month from now. The law, signed by President Joe Biden in April, would block TikTok from US app stores and web hosting services unless its…
Read MoreMicrosoft makes push for AI adoption in Singapore in areas from firefighting to healthcare
A generative AI tool called Note Buddy is showing promise among doctors and allied health professionals in SingHealth institutions SINCE September, doctors at SingHealth institutions have been spending more time with patients and less on administrative tasks, thanks to a generative artificial intelligence (AI) tool called Note Buddy. The tool, which summarises patient records and…
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