Author: Admin

President Trump urged negotiators set to meet Monday for crucial talks aimed at ending the war in Gaza to “move fast” as hopes for a peace deal grew after Prime Minister Benjamin Netanyahu said a hostage release could be announced this week.Tuesday marks two years since the Hamas terrorist attack on Israel on Oct. 7, 2023, that sparked the war.”There have been very positive discussions with Hamas, and Countries from all over the World (Arab, Muslim, and everyone else) this weekend, to release the Hostages, end the War in Gaza but, more importantly, finally have long sought PEACE in the…

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While China dominates global drug development, Singapore’s strength lies in bridging Asian innovation with Western capital, say industry players[SINGAPORE] Rather than viewing China’s biotech prowess as a threat, Singapore should leverage its position as a bridge between Asian innovation and Western capital to tap collaboration opportunities with its larger neighbour, industry players say.China has accounted for over 75 per cent of regional venture capital (VC) and private equity funding since 2019, and now contributes 26.7 per cent of all drugs in the global development pipeline – up from 23.6 per cent a year ago, a report by consulting firm Bain…

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Increased new listings this year might just be the result of companies and Reit sponsors taking advantage of elevated investor sentiment as the STI hits new highs[SINGAPORE] One evening last week, while scrolling through some financial news headlines, I came across an intriguing story about London having slipped from being among the world’s top 20 initial public offering (IPO) markets this year, while Singapore had leaped ahead. Based on Bloomberg data on the world’s busiest IPO markets, the article said London was ranked 23rd so far this year, with deals totalling just US$248 million. Singapore saw IPO exercises worth US$1.44…

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The group has supported its Australian subsidiary with A$33 billion in investments since 2001, while not receiving dividends in the last five years[SINGAPORE] Amid widespread concern over a September emergency hotline outage at Optus which has been linked to three fatalities, Singtel has expressed its commitment to tackling the underlying problems at its wholly-owned Australian subsidiary.A key step is the appointment of global consulting firm Kearney to provide independent additional oversight of the Optus mobile network.This was announced on Sep 30 by Optus chairman John Arthur, following a meeting with Australia’s Communications Minister Anika Wells, Singtel Group chief executive officer…

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Things went downhill quickly for the Yankees at Rogers Centre on Sunday afternoon.Toronto rookie Trey Yesavage set a Blue Jays postseason record with 11 strikeouts through five innings of Game 2 of the ALDS against the New York Yankees. He was backed by Vladimir Guerrero Jr. hitting a grand slam in the fourth inning, after which the Blue Jays led 11-0.Vladimir Guerrero crushes grand slam, extending Blue Jays’ lead over Yankees Yesavage, a 22-year-old right-hander, was selected by Toronto with the No. 20 pick last year in the amateur draft. He rose through four minor league levels this season before…

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As the government shutdown threatens to stretch into a second week, House Speaker Mike Johnson told “Face the Nation with Margaret Brennan” that Democrats are refusing to negotiate on the “bootstrap measure” the GOP has put forward to fund the government for seven weeks. It’s a “very simple, very conventional thing that’s been done here all the time,” he added.

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[TOKYO] A decision by Japan’s US$1.8 trillion pension fund, the world’s biggest, to consider a shift into impact investing has triggered a wider adjustment among the country’s money managers.The Government Pension Investment Fund (GPIF) opened the door to impact strategies in March and at least four other Japanese pension funds are updating or revising their investment policies, according to a review of the funds’ investment policies. At the same time, there’s evidence that asset managers pitching for pension mandates are now adjusting their approach to match growing demand for impact strategies.The ripple effect through Japan’s US$5 trillion money management industry…

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OPPORTUNITIES FOR OUTSIZE VALUE ARE REMOVEDThe fixed prices offered by award charts have the potential to create “sweet spots”, redemptions where the mileage requirement is disproportionately low to the cash fare.For example, one of the best-value KrisFlyer awards is a Business Class ticket from Singapore to Cape Town, a 13-hour flight which costs just 56,500 miles each way. That same flight could cost more than S$4,000 if purchased with cash. Dynamic pricing eliminates these opportunities because mileage requirements now track cash fares much more closely. It limits the ability of savvy members to obtain outsize value for their miles, and if…

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