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☆ Take a look at this skinny 'tube house' that's just 13 feet wide and is home to 3 generations
▼ + stars: | 2023-09-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

An architecture firm has put a modern twist on the popular Vietnamese "tube house." The five-level residence in Ho Chi Minh City, Vietnam is home to three generations. Pham Trung, the studio's director, told Insider that tube houses are also popular in Vietnam because they can provide more housing for people in its crowded cities. The company designed and constructed the skinny house for a family of six for 554 million Vietnamese dong ($230,000). It took the studio about two months to devise a full concept and complete drawings, and a further five months to construct.

Persons: Pham Trung Organizations: Service Locations: Ho Chi Minh City, Vietnam, Wall, Silicon

☆ Asia promotes crypto clarity amid regulatory uncertainty in the U.S.
▼ + stars: | 2023-08-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Earlier this month, Hong Kong officially opened crypto trading to retail investors and upgraded licenses of two exchanges. "This will further boost investor confidence, making Hong Kong more attractive as a potential global virtual asset hub," said Lai. He concluded some crypto firms could leave the U.S. for more progressive jurisdictions as a result. Asia's regulatory clarityAcross the Pacific, Singapore and Hong Kong offer far more operational clarity for many industry players "Singapore has the first mover advantage in the Asia Pacific region, including being ahead of Hong Kong. watch nowSingapore's Payment Services Act — a framework for regulating payment services and the provision of crypto services to the public — came into effect in January 2020.

Persons: Ben Charoenwong, Lennix Lai, Lai, Ong Chengyi, Chainalysis, Hong, Blockchain.com, Ripple, Hong Kong, Janice Goh, Coinbase, Binance, Brad Garlinghouse, Goh Organizations: Getty, Nurphoto, National University of Singapore Business School, Monetary Authority of, Cavenagh, U.S . Securities, Exchange Commission, SEC, CNBC, MAS Locations: Victoria Harbour, Hong Kong, China, Asia, U.S, Hong Kong . Hong Kong, Singapore, Monetary Authority of Singapore, Thailand, Indonesia, Hong, Pacific

Tensions have soared between the two neighbours over the South China Sea under Philippine President Ferdinand Marcos Jr, with Manila pivoting back to the United States, which supports the Southeast Asian nation in its maritime disputes with China. China's embassy in Manila criticised Washington for "gathering" its allies to continue "hyping up" the South China Sea issue and the boat incident. "South China Sea is not a 'safari park' for countries outside the region to make mischief and sow discord," the embassy said in a statement on Tuesday. The Second Thomas Shoal, which lies within the Philippines exclusive economic zone, is home to a handful of troops living aboard the former warship Sierra Madre. China claims sovereignty over almost the entire South China Sea, which overlaps with the exclusive economic zones of Malaysia, Vietnam, Brunei, Taiwan and the Philippines.

Persons: Ferdinand Marcos Jr, Thomas, Thomas Shoal, Erik De Castro, Rommel Ong, Ong, Collin Koh, There's, Koh, Jonathan Malaya, Lloyd Austin, Gilbert Teodoro, Bernadette Baum, Alex Richardson, Sharon Singleton Organizations: South China, coastguard, BRP, BRP Sierra Madre, Philippine Navy, REUTERS, Singapore's, Rajaratnam, of International Studies, Philippines National Security Council, China, U.S . Defense, Philippines Defense, Pentagon, Thomson Locations: BEIJING, MANILA, China, Philippines, Manila, South, Philippine, United States, China's, Washington, Sierra Madre, BRP Sierra, Spratly, Beijing, Malaysia, Vietnam, Brunei, Taiwan, U.S, Japan, France

☆ Citigroup's Asia family office clients poised to grow 25% in 2023
▼ + stars: | 2023-08-04 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

REUTERS/Athit Perawongmetha/File PhotoHONG KONG, Aug 4 (Reuters) - Citigroup's (C.N) Asia family office business expects a 25% increase in clients this year, the U.S. bank's regional head of its family office advisory business said, as Singapore and Hong Kong vie to attract more wealth. Global banks have been beefing up family office arms in Asia, as demand continues to surge among rich Asians wanting to set up private investment vehicles and plan for business succession. Citi in 2020 turned its Asia family office service into a full-fledged unit combining advisory, family governance, legacy planning, philanthropy, investment and deal-making capabilities for ultra-wealthy clients. "We have seen great interest from China, Hong Kong, the Philippines, India, and Indonesia in settling their family offices here (Hong Kong)," Ong said, adding there was also growing interest from Middle Eastern clients. There is scale and Singapore is becoming more discerning about the type of family offices it wants to attract," Ong said.

Persons: Athit, HONG KONG, Faye Ong, Ong, Faye, Xie Yu, Sumeet Chatterjee, Jamie Freed Organizations: Citi, REUTERS, Reuters, Global, Accenture, Thomson Locations: Bangkok, Thailand, HONG, Asia, U.S, Singapore, Hong Kong, China , Hong Kong, Philippines, India, Indonesia, Hong

☆ Singapore's prime minister pledges 'zero tolerance' after recent wave of political scandals
▼ + stars: | 2023-08-02 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Singapore's prime minister Lee Hsien Loong vowed Wednesday to uphold "zero tolerance" toward any wrongdoing by government officials. His comments came after a wave of political scandals rocked the Southeast Asian nation in recent weeks, tarnishing the pristine image that underpins its standing as a global financial center. "The founding generation built up Singapore and entrusted it to our generation in good shape," Lee said in a parliamentary address Wednesday. Lee said actions taken after these scandals showed two aspects of how his PAP government works. "One, when there is a suspicion or allegation of wrongdoing in the discharge of official duties, especially possible corruption, there is zero tolerance," he said in the first parliamentary session after these events,.

Persons: Lee Hsien Loong, Lee, Iswaran, Ong Beng Seng, Tan Chuan, Jin, Cheng Li Hui, Shanmugam, Vivian Balakrishnan Organizations: Central Business District, Party, Home Affairs Minister, Foreign Locations: Bay, Singapore

☆ Why are political scandals and corruption in Singapore so rare?
▼ + stars: | 2023-07-28 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

A series of political scandals has rocked Singapore in recent weeks, from corruption probes to inappropriate relationships among politicians. These challenges have affected the ruling party as well as the largest opposition party. Shortly after the Ridout saga, Singapore Transport Minister S Iswaran and hotel tycoon Ong Beng Seng — known for bringing Formula One races to the city-state — were arrested as part of a corruption probe. Felix Tan, a political analyst in Singapore, explained the brouhaha over the recent scandals: "[Singapore is] almost a perfect exemplar for all countries to be. Watch the video to find out why corruption and political scandal are rare in Singapore, and what it means for the country.

Persons: Singapore's, S, Ong Beng, —, Felix Tan Organizations: Singapore Transport, Formula, Action Party, Workers ' Party Locations: Singapore

☆ Singapore's UOB expects 'some upside' to interest income after Fed rate hike
▼ + stars: | 2023-07-27 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Singapore's United Overseas Bank is expecting "some upside" in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. Its net interest income for the quarter grew 31% from a year ago — boosted by robust net interest margin that expanded 50 basis points to 2.13% on higher interest rates, the Singapore-based lender said in a statement released early Thursday. Net interest margin, a measure of lending profitability for banks, is the difference between interest earned and interest paid. Overnight on Wall Street, the Fed raised interest rates by 25 basis points, taking its benchmark borrowing costs to a target range of 5.25%-5.5% — the highest level in more than 22 years. The midpoint of that target range would be the highest level for the benchmark rate since early 2001.

Persons: Lee Wai Fai, CNBC's JP Ong Organizations: Singapore's United Overseas Bank, U.S . Federal Reserve Locations: Singapore

☆ Singapore's 'squeaky clean' image takes a beating as scandals rock the government
▼ + stars: | 2023-07-19 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

watch nowOn Monday, Singapore's Prime Minister Lee Hsien Loong said he decided the incumbent speaker of the Singapore's Parliament Tan Chuan Jin "had to go." Lee Hsien Loong Singapore prime ministerSingaporeans, who are not used to political scandals, have taken to memes to express themselves. Singapore Prime Minister Lee Hsien Loong (L) shaking hands with a PAP supporter during a May election rally. SIMIN WANG | AFP | Getty ImagesThe prime minister sought to quickly control the damage, emphasizing the government's zero-tolerance on corruption to allay public concerns. The prime minister is seeking to hand over power to the next generation of leaders in the near future.

Persons: Lee Hsien Loong, Dr Koh Poh Koon, Ang Mo, Suhaimi Abdullah, Eugene Tan, Tan Ern Ser, Tan Chuan Jin, Tan, Cheng Li Hui, SMU's Tan, CNBC's, Ong Beng Seng, Felix Tan, NTU's Tan, SIMIN WANG, Lee Organizations: Action Party, Getty, Singapore Management University, CNBC, Party, National University of Singapore, Singapore's, Public Service, Nanyang Technological University, NUS, Singapore, AFP Locations: SINGAPORE, Singapore, Asia, Lee Hsien Loong Singapore

☆ Singapore’s clean reputation gets a timely test
▼ + stars: | 2023-07-18 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, July 18 (Reuters Breakingviews) - Singapore could turn a governance crisis into an opportunity. Its transport minister S. Iswaran and Ong Beng Seng, the property billionaire credited with bringing Formula One to the city, were arrested and released on bail last week. The rare high-profile probe involving a public official by the hub’s anti-graft agency is a timely test of the Asian centre’s willingness to act tough on corruption. It's been six days since Prime Minister Lee Hsien Loong revealed the investigation by the Corrupt Practices Investigation Bureau and the exact details remain unclear. S. Iswaran and businessman Ong Beng Seng were arrested on July 11 and subsequently released on bail, the Corrupt Practices Investigation Bureau said.

Persons: Ong Beng Seng, It's, Lee Hsien Loong, Iswaran, Ong, Una Galani, Thomas Shum Organizations: Reuters, Formula, Practices, Beijing, DBS, Hotel Properties, InterContinental Hotels Group, Marriott International, Thomson Locations: SINGAPORE, Singapore, Denmark, Finland, New Zealand, Norway, Asia, Hong Kong, COMO

☆ Two Singapore lawmakers resign after admitting to 'inappropriate relationship'
▼ + stars: | 2023-07-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Lee Hsien Loong, Singapore's prime minister and leader of the People's Action Party (PAP), walks and talks with people in Singapore on Saturday, Sept. 5, 2015. Singapore's government was dealt a further blow on Monday, following the resignations of two lawmakers from the ruling party who admitted to an "inappropriate relationship" with each other. "Besides Mr Tan's recent unparliamentary language used, there is also the issue of his inappropriate relationship with fellow PAP MP Ms Cheng Li Hui. This is, in comparison, the more serious matter because he was the Speaker and she an MP, and there should not have not been a relationship," said Prime Minister Lee Hsien Loong during a press conference on Monday. Sudden resignations of senior PAP party members are rare in Singapore, where the ruling party has been in power since 1959, before the city-state's independence in 1965.

Persons: Lee Hsien Loong, Tan Chuan, Jin, Cheng Li Hui, Tan's, Ong Beng Seng, Iswaran, Lee, CPIB Organizations: People's Action Party, Party Locations: Singapore

SINGAPORE, July 17 (Reuters) - Two senior lawmakers from Singapore's ruling party have resigned over their "inappropriate relationship", Prime Minister Lee Hsien Loong said on Monday, the latest high-profile scandal in a city-state otherwise known for its political stability. Resignations of senior PAP members are rare in Singapore, where the party has been in power since 1959, before the country's independence in 1965. Separately, the opposition Workers' Party (WP) said on Monday it was looking into an "inappropriate exchange" between two of its senior members after a video surfaced online that appeared to show them holding hands in a restaurant. Events like these are unusual in Singapore, which prides itself on being corruption-free and holding politicians to high moral standards. Political scientist Chong Ja Ian at the National University of Singapore said Monday's developments were "relatively controllable issues" that would not affect Singapore's political stability.

Persons: Lee Hsien Loong, Lee, Tan Chuan, Jin, Cheng Li Hui, Cheng, Ong Beng Seng, Chong Ja Ian, Chong, Chen Lin, Martin Petty, Kanupriya Kapoor Organizations: Action Party, Workers ' Party, WP, National University of Singapore, Thomson Locations: SINGAPORE, Singapore

SYDNEY, July 14 (Reuters) - Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already flagged that leading the country's central bank through a period of change will be a major priority. Bullock, the first woman to helm the country's central bank, will have the task of leading the bank through its biggest internal shakeup in decades while also maintaining the fight against inflation. "I wasn't sure I would ever be in this position," Bullock said in a 2022 interview with her alma mater. "I never thought that Guy Debelle, who was the deputy governor, would leave the Bank. A review into the central bank published in April recommended sweeping changes including the setup of a separate specialist board to manage monetary policy, less frequent meetings and more public communication.

Persons: Michele Bullock, Philip Lowe, Bullock, Anthony Albanese, Jim Chalmers, Michele, Jonathan Kearns, Bullock's, Guy Debelle, Lowe, Su, Lin Ong, Lewis Jackson, Stella Qiu, Praveen Menon Organizations: SYDNEY, Reserve Bank, University of New, London School of Economics, Challenger, RBC Capital Markets, Thomson Locations: University of New England, Armidale, Sydney, Lincoln

☆ Singaporean billionaire given arrest notice in anti-graft probe involving country's transport minister
▼ + stars: | 2023-07-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore's anti-graft agency issued an arrest notice for billionaire Ong Beng Seng as part of its investigation involving transport minister S Iswaran. Ong, who is managing director of Singapore-listed hotel owner and operator Hotel Properties Limited , has been asked to provide information on his interactions with Iswaran. In a filing, HPL said no charges have been filed against Ong and that he is fully cooperating with the agency. The company added that Ong has provided requested information, but is unable to provide further details at this point. HPL's portfolio includes 38 hotels and resorts in 15 countries, operating under brands including Four Seasons, Intercontinental Hotels and Marriott International.

Persons: Ong Beng Seng, supremo Bernie Ecclestone, Ong, HPL, Mr Ong Organizations: supremo, Marina, Circuit, Hotel Properties, Practices, Intercontinental Hotels, Marriott Locations: Singapore

Hong Kong CNN —A corruption investigation in Singapore has expanded to include Ong Beng Seng, a hotel tycoon best known for bringing the Formula 1 Grand Prix to the wealthy city state. The agency had earlier launched an investigation into a case involving the transport minister, in a rare corruption probe involving a cabinet-level official. Ong’s company said he had posted bail of 100,000 Singapore dollars ($76,000) after being given a notice of arrest. Ong is also the sole shareholder of the Singapore Grand Prix, organizer of the marquee sporting event, his spokesperson confirmed to CNN. Rare caseThe news about Ong emerged just days after Prime Minister Lee Hsien Loong asked the transport minister to take a leave of absence.

Persons: Ong Beng Seng, Ong, “, Lee Hsien Loong, Iswaran, CPIB, Lee, Eugene Tan, Bernie Ecclestone, Hoch, Lawrence Wong, ” Organizations: Hong Kong CNN, Hotel Properties, Practices, Transport, Singapore, Prix, CNN, Singapore Management University, Party Locations: Hong Kong, Singapore, Properties, Maldives, Malaysia, London, Bangkok, Abu

☆ Singapore property tycoon cooperating with anti-graft agency - company
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] Property tycoon Ong Beng Seng walks out of the Corrupt Practices Investigation Bureau headquarters in Singapore July 12, 2023. SINGAPORE, July 14 (Reuters) - A Singapore-based property tycoon known for bringing Formula One races to the city-state is cooperating with the anti-graft agency in a case launched earlier this week involving the transport minister, his company said on Friday. The CPIB earlier this week said it had launched an investigation into Iswaran, but did not provide further details. The case is a rare high-level probe in Singapore, a top Asian financial hub that prides itself on a corruption-free government. Ong, who was travelling on Friday, will surrender his passport to the CPIB upon his return to Singapore, his company said.

Persons: Ong Beng Seng, Ho Peng Yew, Iswaran, Lee Hsien Loong, Ong, Christina Ong, Kanupriya Kapoor, Martin Petty, Raju Gopalakrishnan Organizations: Practices, Singapore Press Holding Media, Formula, Properties, Reuters, Concorde, London Stock, Forbes, Thomson Locations: Singapore, SINGAPORE, COMO, Malaysia

The Alberta Industrial Heartland, a not-for-profit organization consisting of five Alberta municipalities, and the Hong Kong-based private equity firm Can-China Global Resource Fund (CCGRF) had announced their partnership in 2016 to encourage investments across North America. "This partnership no longer exists," Karlee Conway Director Communications of the Alberta Industrial Heartland said in an email response to Reuters. The lead investor of the fund was China's Export-Import Bank, Vancouver-based mining firm Hunter Dickinson and Swiss commodity trader Mercuria. While all three were released in 2021, the relationship between China and Canada has not returned to normal. The oil-rich province of Alberta exported C$4.5 billion worth of goods to China in 2020, making it the Canadian province's second-biggest export market.

Persons: Karlee, Hunter Dickinson, Lynette Ong, FROSTY, Meng Wanzhou, Divya Rajagopal, Xie Yu, Denny Thomas, Nick Zieminski Organizations: Reuters, The, The Alberta Industrial Heartland, China Global Resource Fund, Karlee Conway, Communications, Alberta Industrial Heartland, China's, Import Bank, MEC Advisory Ltd, EXIM Bank, Science, University of Toronto, CQ Energy, Ottawa, Huawei, Canadian, Exim Bank, Asian Infrastructure Investment Bank, Chinese Communist Party, Thomson Locations: TORONTO, HONG KONG, Alberta, The Alberta, Hong Kong, China, North America, Vancouver, Swiss, Canada, Ottawa, Calgary, Beijing, United States

☆ Asia must reach net zero before the world can do so, says Petronas CEO
▼ + stars: | 2023-06-28 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Petronas sign against the backdrop of the Twin Towers. Goh Seng Chong | Bloomberg | Getty ImagesAsia needs to achieve net zero before the world can do so, according to the CEO of Malaysia's state-owned oil and gas company Petronas. "The bulk of the emissions [that] are expected to emit will be produced in Asia going forward," Tengku Muhammad Taufik told CNBC's JP Ong Tuesday on the sidelines of the Energy Asia in Kuala Lumpur, Malaysia. "The world cannot achieve net zero without Asia achieving net zero," Taufik pointed out during the opening address of summit. Asia will represent half of global GDP by 2040, as well as 40% of global consumption, he added.

Persons: Goh Seng Chong, Tengku Muhammad Taufik, CNBC's JP Ong, Taufik, idealists Organizations: Petronas, Bloomberg, Getty, Energy, International Energy Agency Locations: Asia, Malaysia's, Energy Asia, Kuala Lumpur, Malaysia, Paris

☆ 'Not realistic' for Malaysia to achieve net-zero by itself, says Prime Minister Anwar Ibrahim
▼ + stars: | 2023-06-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

KUALA LUMPUR, Malaysia — Malaysia has ambitious goals to cut its greenhouse gas emissions by 2050 — but the Southeast Asian nation cannot do it alone, said the country's Prime Minister Anwar Ibrahim. "They expect developing countries like Malaysia to do it on our own which is not realistic," Anwar told CNBC's JP Ong at the Energy Asia conference in Kuala Lumpur, Malaysia. In March, the International Renewable Energy Agency forecast that Malaysia will need to double its renewable energy transition investments to at least $375 billion in order to meet its 2050 net-zero emissions goals. Anwar reaffirmed Malaysia's commitment to these goals, but said partners in developed nations "have to understand that the transition takes time and takes investments" and that they have to "play their part." The energy transition has started, has begun."

Persons: —, Anwar Ibrahim, Anwar, CNBC's JP Ong, Malaysia's Organizations: Malaysia —, country's, Energy Asia, International Renewable Energy Agency Locations: KUALA LUMPUR, Malaysia, Malaysia — Malaysia, Kuala Lumpur

☆ It's 'not realistic' for Malaysia to achieve net-zero energy goals on our own: Prime minister
▼ + stars: | 2023-06-26 | by ( Jp Ong | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's 'not realistic' for Malaysia to achieve net-zero energy goals on our own: Prime ministerMalaysia's Prime Minister Anwar Ibrahim speaks to CNBC's JP Ong at the Energy Asia conference, and says there has been "a lot of rhetoric" but "no real meaningful action" from developed countries in helping developing nations in their net-zero energy transitions.

Persons: Anwar Ibrahim, CNBC's JP Ong Organizations: Energy Asia Locations: Malaysia

LONDON, June 22 (Reuters) - Every country in the world will see rates of diabetes rise in the next 30 years without action, according to a new global study. There are currently 529 million people in the world with diabetes, the study led by researchers at the Institute of Health Metrics and Evaluation at the University of Washington found. The majority of the cases are type 2 diabetes, the form of the disease that is linked to obesity and largely preventable, the researchers said. For example, prevalence rates are expected to reach 16.8% in North Africa and the Middle East and 11.3% in Latin America and the Caribbean by 2050, compared to an estimated 9.8% globally. The study, funded by the Bill and Melinda Gates Foundation, is part of a wider series on diabetes published on Thursday in The Lancet medical journal.

Persons: ”, Liane Ong, Bill, Melinda Gates, Jennifer Rigby, Aurora Ellis Organizations: Institute of Health, University of Washington, Melinda Gates Foundation, Thomson Locations: North Africa, East, America, Caribbean

☆ China is poised for a 'near-term rebound,' says Abrdn
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is poised for a 'near-term rebound,' says AbrdnRay Sharma-Ong of the asset management firm explains why it likes China and discusses the "signposts" it's monitoring: geopolitical risks, macroeconomic growth turnaround, policy initiatives and earnings.

Persons: Abrdn Ray Sharma, Ong Organizations: China Locations: China

Malindi, Kenya CNN —The reddish soil of the Shakahola forest is still giving up its terrible secrets. The cult was preparing for the end of the world under the instruction of their its powerful pastor, say investigators. Many find it difficult to comprehend the dark path that Pastor Paul Nthenge Mackenzie allegedly took his followers along. Yasuyoshi Chiba/AFP/Getty ImagesAt a recent hearing Mackenzie denied all knowledge of the horrors that witnesses, inspectors, and survivors believe happened in the Shakahola forest. ‘Intoxicating power’To understand the Shakahola cult, the focus must be on Mackenzie, says Rick Ross, a leading American cult expert who has studied destructive cults for decades.

Persons: Paul Nthenge Mackenzie, Paul Mackenzie, David McKenzie, ’ ”, Agnes, Mackenzie, “, ”, Yasuyoshi Chiba, Rick Ross, “ It’s, Ross, Charles Manson, David Koresh, Joseph Kibwetere, Geoffrey Wango, Wango, Ruto, Nxivm, God, Naomi Kahindi's, Mwangi, Francis Wanje, Wanje’s, It’s, Wanje, Khalid Hussein, Mackenzie's, Monicah Mwangi, Jesus, couldn’t, didn’t, David Man’ong’o Organizations: Kenya CNN, CNN, Good News International Ministry, Criminal Investigations, Getty, Nairobi University, Kenyan, Reuters, . Police, Public Prosecutions Locations: Malindi, Kenya, Galilee, Bethlehem, Shakahola, AFP, American, Africa

☆ Loneliness, social isolation linked with early death
▼ + stars: | 2023-06-19 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

The new paper, however, is a meta-analysis of 90 studies that had examined the links between loneliness, social isolation and early death among more than 2 million adults. People who experienced social isolation had a 32% higher risk of dying early from any cause compared with those who weren’t socially isolated. Holt-Lunstad was the lead scientist on the US Surgeon General’s recent advisory report on social isolation and loneliness. Broadening social connectionsPeople experiencing social isolation and loneliness should actively seek social support, Wang said. Public health strategies to address loneliness and social isolation, including raising awareness, are also needed, Wang said.

Persons: Turhan Canli, Canli wasn’t, Julianne Holt, wasn’t, Holt, Lunstad, Anthony Ong, Ong wasn’t, ” Holt, Canli, “, ” Canli, Fan Wang, ”, Ong, Wang Organizations: CNN, Stony Brook University, Brigham Young University in, Center, Integrative Developmental, Human Health Labs, Cornell University, “, Harbin Medical University Locations: Brigham Young University in Utah, New York, China

☆ From mineral resources to hydropower, Indonesia minister highlights investment opportunities
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom mineral resources to hydropower, Indonesia minister highlights investment opportunitiesIndonesia's Coordinating Minister for Maritime Affairs and Investments Luhut Binsar Pandjaitan tells CNBC's JP Ong why investors should put money into his country, and outlines opportunities from renewable energy to mineral resources such as nickel, copper and cobalt.

Persons: CNBC's JP Ong Organizations: Maritime Affairs, Investments Locations: Indonesia

☆ Australia hikes minimum wage as living costs surge
▼ + stars: | 2023-06-02 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Steven Saphore/File PhotoSYDNEY, June 2 (Reuters) - Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission (FWC) on Friday decided on a 5.75% pay rise for workers on awards with wages linked to movement in the minimum wage. It also made a technical reclassification for the national minimum wage, which the union says will take the increase to 8.6% for the lowest-paid employees, about 0.7% of the workforce. "Following several recent developments, including the outcome of today's minimum wage decision, we are adding a 25bp hike to our RBA profile in June and another 25bp in July." "Today's increase means these workers can keep their heads above water and not have to cut back even further."

Persons: Steven Saphore, Lin Ong, Philip Lowe, Taylor Nugent, Adam Hatcher, Hatcher, Andrew McKellar, Sally McManus, Stella Qiu, Shri Navaratnam Organizations: REUTERS, RBC Capital Markets, Reserve Bank of Australia, National Australia Bank, Australian Chamber of Commerce and Industry, Australian Council of Trade Unions, Thomson Locations: Sydney, Australia, Lincoln

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