Singapore plans bold overhaul to revive stock market; Singaporean CEO Shou Zi Chew defends TikTok against US ban: Singapore live news
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Singapore is gearing up to make bold regulatory changes to breathe new life into its struggling stock market. Second Minister for Finance Chee Hong Tat has outlined plans to overhaul the system. Here's how Singapore plans to rejuvenate its stock market here.
TikTok is back in the spotlight as it is faces a potential ban or forced sale in the United States due to national security concerns tied to its Chinese parent, ByteDance. Singaporean CEO Shou Zi Chew is spearheading the company's defence against the potential ban, which involves complex legal and constitutional issues. The outcome of the court case will decide if TikTok must divest from ByteDance or face a nationwide ban. More on TikTok's issues in the US and how its Singaporean CEO is leading its defence here.
Singaporeans Wynnette Yip and Magdalene Huang share their stories of moving to Sweden – one grapples with cultural shocks, while the other enjoys a fulfilling new lifestyle. Their stories provide unique insights into the challenges and rewards of Singaporeans relocating abroad.
Google's Pixel Pro 9 Fold promised top-notch durability but did it deliver? Popular tech YouTuber Zack Nelson’s extreme durability tests show the foldable smartphone has several weaknesses. Here's why prospective buyers of Google's Pixel Pro 9 Fold should handle the device carefully.
Maggi, originally a Swiss creation, has become a household name in Malaysia. From its humble beginnings to its current status, find out how Maggi made an impact on Malaysian culture.
Economy class syndrome, or deep vein thrombosis (DVT), is a serious health issue resulting from prolonged immobility, commonly exacerbated by long flights. Symptoms include pain and swelling, with severe cases leading to pulmonary embolism. Both economy and premium class travellers are at risk if they remain inactive for extended periods. This how you can minimise DVT risk on your next flight.
The global coffee market is experiencing significant price hikes due to environmental and market changes. Interestingly, the "king for fruits", the durian, infamous for its strong odour, is playing a role in this economic shift. Here's how the durian and market shifts are contributing to the global coffee shortage here.
Amazon is tightening its return-to-office (RTO) policy, requiring employees to be in the office five days a week starting next year, up from three days. This move contrasts with other tech companies' more flexible approaches and has sparked backlash from employees who prefer remote work. More on Amazon's move to full-time office work in 2025 here.
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The Biden administration has enacted a law demanding that ByteDance, TikTok's Chinese parent company, divest its U.S operations by mid-January or face a ban.
TikTok is hotly contesting this legal issue in federal court to avoid a ban in the US.
Shou Zi Chew, TikTok's 41-year-old Singaporean CEO, is at the forefront of this battle.
Chew has a notable background, including stints at Facebook, Xiaomi, and investment firms before joining ByteDance in 2021.
His role at TikTok involves managing the company's response to US regulatory pressures and defending against accusations that its data practices pose a national security risk.
Chew has been vocal in his defence of TikTok, testifying before US Congress and addressing concerns directly through media and social platforms.
Despite his efforts, the company faces a challenging legal environment, as judges scrutinise the implications of the law for both TikTok and broader constitutional rights.
The outcome of these legal proceedings could have significant ramifications for both TikTok and its parent company ByteDance.
If the law is upheld, TikTok may be forced to find a new owner or face a nationwide ban, potentially altering the app's future in the US and affecting its global operations.
Chew's leadership will continue to be critical as TikTok navigates these complex legal and political challenges.
There's a hidden danger lurking in those cramped budget airline seats
Economy class syndrome is more than just a discomfort – it's a serious risk.
Also known as deep vein thrombosis (DVT), it can develop from long periods of immobility.
Up to 100,000 Americans die from DVT annually, often linked to long flights, and any extended period of sedentary activity, like sitting for hours at a time, as in video gaming or during lockdowns.
DVT commonly affects the deep veins in the legs or pelvis, but can occur in other parts of the body.
Symptoms include swelling, pain, warmth, and skin colour changes, though some people experience no symptoms.
Untreated DVT can lead to pulmonary embolism, a severe condition where a blood clot travels to the lungs, potentially causing death.
While economy class seating is often blamed for DVT, the condition can affect anyone who is immobile for long periods, regardless of seating class.
Therefore, prevention strategies are crucial for all travellers.
Experts recommend regular movement, hydration, and support stockings.
From Singapore to Sweden: Cultural shock and new beginnings
Wynnette Yip, a Singaporean living in Sweden, experienced significant culture shock over the Swedish approach to marriage and cohabitation.
In Sweden, many couples opt for cohabitation ("sambo") rather than formal marriage, which contrasts sharply with the traditional marriage expectations in Singapore.
Yip was surprised that in Sweden, having children does not necessarily prompt couples to marry, according to Malay Mail.
Her video highlighting these differences garnered widespread attention and sparked discussions about cultural norms and personal choices regarding marriage.
In contrast, Magdalene Huang, another Singaporean who relocated to Stockholm, Sweden, has no regrets about her move.
Huang, who sought a more balanced lifestyle and flexible work environment, found that life in Sweden offered a satisfying change from the high-pressure career scene in Singapore, according to AsiaOne.
Huang's decision to move was driven by her curiosity about life abroad and a desire for new experiences.
She appreciated the support from her employer in facilitating the relocation process, which helped ease her transition.
Despite initial challenges, such as adapting to severe weather and navigating life alone, Huang has embraced her new life in Sweden and found it enriching.
Yip’s and Huang’s stories highlight the diverse experiences of Singaporeans adjusting to life in Sweden, providing unique insights into the challenges and rewards of moving abroad.
Japan has agreed on Sunday to study cooperating with South Korea and Italy on procurement of liquefied natural gas (LNG) as the world's second-biggest LNG importer after China seeks greater flexibility while strengthening its energy security. JERA, Japan's biggest utility company, and South Korea's Korea Gas Corp (KOGAS), also a major LNG buyer, are collaborating on opportunities for joint procurement, cargo swaps and other forms of cooperation, Japan's Ministry of Economy, Trade and Industry (METI) said in a statement on Sunday. "The governments of both countries expect that this endeavour will serve as the starting point for a new LNG cooperation between Korean and Japanese companies," said the statement co-signed by the South Korean Ministry of Trade, Industry and Energy.
The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe. The European Union will press ahead with tariffs on China-made electric vehicles, the EU executive said on Friday, even after the bloc's largest economy Germany and German carmakers rejected them, exposing a rift over its biggest trade row with Beijing in a decade.
The South Korean stock market has faced a challenging period, with the KOSPI index experiencing consecutive losses and closing at 2,561.69 ahead of National Day, amid global market uncertainties and fluctuating oil prices due to Middle East tensions. In this environment, identifying high growth tech stocks involves focusing on companies that can navigate economic headwinds while maintaining innovation and competitive advantages.
In a week marked by optimism over Beijing's comprehensive support measures, Chinese stocks experienced a significant surge, with the Shanghai Composite Index and CSI 300 Index both posting notable gains. Amid this backdrop of market recovery, dividend stocks in China present an appealing opportunity for investors seeking to enhance their portfolios through stable and potentially rewarding income streams.
Oil prices increased this week after President Biden suggested Israel may target Iran’s oil infrastructure in retaliation for a missile attack, raising the prospect of pain at the pump for U.S. consumers in the waning days of the presidential campaign. On Thursday, responding to a question about whether the U.S. would back Israel if it…
Amidst escalating tensions in the Middle East and rising oil prices, global markets have shown mixed reactions, with Hong Kong's Hang Seng Index experiencing a notable surge of 10.2% as optimism around China's supportive measures bolstered investor sentiment. In this dynamic environment, identifying high-growth tech stocks in Hong Kong requires a focus on companies that can leverage innovative technologies and robust market demand to navigate potential geopolitical uncertainties and...
A blockade of the Strait of Hormuz would be particularly alarming for India since it’s the route it uses to get oil from Iraq and Saudi Arabia and LNG from Qatar.
As global tensions and economic uncertainties ripple through markets, the Hong Kong stock market has shown resilience with a notable surge in the Hang Seng Index, reflecting optimism from recent support measures by Beijing. In this dynamic environment, identifying promising small-cap stocks can offer unique opportunities for investors seeking growth potential amidst broader market fluctuations.
The sudden order to remove the symbol of the cross from the roof and entrance of a village church in China’s Anhui province cited unspecified “safety” hazards.
CNN’s Michael Smerconish asked presidential historian Allan Lichtman about the October surprise and if it ever impacts his prediction for who will win the race for the White House.