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Under the new passport-less immigration program, Singapore residents will not need to show their passports to arrive and depart at air and sea checkpoints. Foreign travelers must also enroll their iris, facial and fingerprint biometrics at manual immigration counters, according to Singapore's Immigration & Checkpoints Authority. However, children under six years old cannot use biometric clearance, or automated lanes at all, to clear immigration, according to authorities. By early 2026, Singapore immigration officials expect 95% of travelers will be able to clear immigration via automated lanes. Biometric processing is expected to reduce immigration wait times by 40%, according to immigration officials.
Persons: Sumesh Patel, SITA Organizations: Changi Airport, Seletar, Bay, Centre Locations: Singapore's, Singapore, Asia, Pacific
Besides making his own K-pop music video, Yong starred in the Netflix series "Super Rich in Korea." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The 37-year-old businessman, lawyer, and K-pop enthusiast grabbed headlines when he appeared as a cast member in the Netflix series "Super Rich in Korea."
Persons: David Yong, Yong, Organizations: Netflix, Service, Evergreen Group, The Straits Times, Business Locations: Singapore, Korea
Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank's headquarters in Singapore. The Monetary Authority of Singapore announced that the review group will evaluate measures to "improve the vibrancy" of the Singapore equities market. MAS said on Friday the panel will focus on addressing market challenges, fostering listings, and facilitating market revitalization, as well as enhancing regulations to facilitate market growth and foster investor confidence. It said another key goal will be to identify methods for encouraging private sector participation, including from capital market intermediaries, investors and listed companies. "Improving the attractiveness of Singapore's equities market can therefore enhance Singapore's standing as a vibrant enterprise and financial hub," the MAS said, adding that this will also "[complement] Singapore's innovation and start-up ecosystem, private markets, as well as asset and wealth management sectors."
Organizations: Monetary Authority of Singapore, MAS Locations: Singapore, Singapore's
With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.
Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The company reported adjusted earnings of $7.7 billion in the first quarter of 2024. Shell said it would launch a $3.5 billion share buyback program over the next three months, a similar scheme as in the previous quarter. British rival BP on Tuesday increased its dividend and extended its share repurchasing program on the back of stronger-than-expected earnings.
Persons: LSEG, Shell's, Shell, Wael Sawan, CNBC's, Sawan, Chandra Asri Organizations: Shell, Chandra, BP, Exxon Mobil, Chevron Locations: Radstock, Somerset, England, Singapore, Rotterdam, Netherlands, Swiss, London
Read previewTikTok parent company ByteDance's headquarters in Singapore were left smelling like vomit after a mass food poisoning incident on Tuesday. ByteDance had hired two food caterers — Yun Hai Yao and Pu Tien Services — to run each of the buffet lines. The Singapore Food Agency suspended one of Yun Hai Yao's branches and Pu Tien's catering kitchen on Wednesday. AdvertisementOver 100 individuals hit with food poisoningThe food left 130 individuals with gastroenteritis symptoms, the Singapore Food Agency and the country's health ministry said in a statement on Wednesday. Representatives for ByteDance, Pu Tien, and Yun Hai Yao didn't immediately respond to requests for comment from Business Insider.
Persons: , Andre, ByteDance, Yun Hai Yao, Pu, Yun, Pu Tien, Yun Hai Yao didn't Organizations: Service, CNA, Business, Pu Tien Services, Singapore Food Agency, Singapore Civil Defence Force, Singaporean, The Straits Times, Bloomberg, Straits Times, Representatives Locations: Singapore
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla's biggest competitor, BYD, just launched a big partnership with Uber. AdvertisementThe partnership also ups BYD's international visibility, as Uber passengers ride in cars they might not have otherwise tried out. AdvertisementThe Uber partnership may also mitigate a European Union tariff on Chinese EV makers. In late June, Volkswagen said it would invest up to $5 billion in US EV maker Rivian, which would develop software for both companies' cars.
Persons: , Uber, Matt Bryson, Bryson, giant's, Dara Khosrowshahi, BYD, Tesla, Tesla's robotaxis Organizations: Service, Business, Xchange Leasing, Lion City Rentals, Tesla, Western, Uber, Volkswagen, Rivian Locations: Europe, America, East, Canada, Australia, New Zealand, Singapore, Russia
TikTok-owner ByteDance's office in Singapore was hit by mass food poisoning on Tuesday, affecting 60 people, according to local authorities. In a joint statement sent to CNBC, the Singapore Food Agency and Ministry of Health said they were investigating suspected gastroenteritis cases at the China-based tech giant's office. According to TikTok's website, Singapore is one of its headquarters and ByteDance CEO Shou Zi Chew is a third-generation Singaporean citizen. The U.S. government passed a bill in April that seeks to force the app's Chinese owner to sell it or face a ban. TikTok is now suing the U.S. government to stop enforcement of the bill arguing that it violates the law.
Persons: ByteDance, Shou Zi Chew Organizations: CNBC, Singapore Food Agency, Ministry of Health, The Straits Times, Singapore Civil Defence Force, CNA Locations: U.S, Singapore, China, The U.S
Washington CNN —The White House on Wednesday said reports of the assassination of a Hamas political leader in Iran “don’t help with the temperature going down,” while repeating calls for a ceasefire deal that would see the release of hostages held by Hamas. “These reports over the last 24-48 hours certainly don’t help with the temperature going down. I’m not going to be Pollyannaish about it; we’re obviously concerned about escalation,” White House national security communications adviser John Kirby told reporters during the White House press briefing. In both conversations, according to the State Department, the officials emphasized the need for a ceasefire in Gaza. “It’s too soon to know what impact any of this is going to have on the ceasefire deal,” Kirby said at the briefing.
Persons: I’m, we’re, John Kirby, Kirby, Biden, Antony Blinken, Aaron David Miller, Haniyeh, “ Blinken, ” Miller, , , Blinken, Israel, Mohammed bin Abdulrahman, Thani, “ It’s, ” Kirby, Hezbollah’s, Fu’ad Shukr, Benjamin Netanyahu, Netanyahu, Joe Biden, Netanyahu’s, Ayatollah Ali Khamenei, John Kirby’s, CNN’s Abeer Salman, Jennifer Handler, Niamh Kennedy Organizations: Washington CNN, House, White House, senior State Department, CNN, State Department, Qatari, Haniyeh, Hezbollah, Hamas, United, Zionist Locations: Iran, Tehran, Singapore, Israel, Qatar, Jordan, Gaza, Mohammed bin Abdulrahman Al, Egypt, United States, Golan, Beirut, Washington
Urban Revivo's fits felt way better than Zara'sThe author trying out basics from Zara and Urban Revivo. In contrast, Urban Revivo felt like it had intentionally curated its space with a flow in mind. Aditi BharadeUnlike Zara's bright lights, Urban Revivo was lit more dimly, creating a more relaxed environment. "Urban Revivo has a variety of products, but there is a 'sophomoric' feel to it," Angel said. They also say that it's too early to determine if Urban Revivo will be a true threat to Zara.
Persons: , Urban, Zara —, Aditi Bharade, Revivo, Zara, Urban Revivo, de Matos, Zara doesn't, Marcie Cooperman, Gregory Angel, Parsons, Angel, Cooperman, Braz de Matos, Richard Tang, Tang, gunning Organizations: Service, Business, Zara, Urban, Fish Lab, Parsons School of Design, Flying Fish Lab, Fashion Momentum Locations: Zara, China, Southeast Asia, New York, London, Israel, Gaza, Jewel, Urban, cardigan, Singapore
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024. Anadolu | Anadolu | Getty ImagesThe Middle East is on edge after a dramatic escalation that saw top Hamas leader Ismail Haniyeh killed in a strike in the Iranian capital of Tehran early Wednesday. Coming hours after the killing of Fuad Shukr in Beirut, the Middle East is on an absolute knife-edge now." Iran's leadership meanwhile has said that the alleged Israeli strike is grounds for "severe punishment" and that the country must "pay a heavy price." An all-out war between Israel and Iran — and Iran's proxies such as Hezbollah — would be devastating to all sides involved.
Persons: Ismail Haniyeh, Israel, Charles Lister, Fuad Shukr, Hezbollah's, Haniyeh, Hamas, Torbjorn, Sheikh Mohammed bin Abdulrahman Al Thani, Yahya Sinwar, Sinwar, Victor Tricaud, Tricaud, Antony Blinken, Will, Yoav Gallant, Iran's, Atta Kenare Organizations: Anadolu, Getty, Middle East Institute, Hezbollah, politburo, Verisk, Qatari, Foreign, CNBC, U.S . State Department, Israel, Israeli, Israel Defense Forces, AFP Locations: Istanbul, Turkiye, Tehran, Israel, Washington, Doha, Beirut, Golan, Iranian, Lebanese, Gaza, Iran, Qatar, Singapore, Palestine Square
"I think there will be a change in the way a software engineer works, and instead of five software engineers you might need four in future," she said. AdvertisementHe said that people who studied software engineering before the rise of AI tools have a stronger foundation because they have "written code from scratch." AdvertisementAn added that foundational knowledge in "algorithms, data structures, software engineering, and other critical areas" is essential for advancing AI technologies. David Malan, a computer science professor at Harvard, told BI that AI tools could be a plus for aspiring software engineers who know how to leverage them. Tejas Rajagopal, a recent computer science graduate from NTU, said he's been trying to expand his skillset to strengthen his chances of landing a job.
Persons: , Arpita Kaushik, Aditya Swami, Hatcher, Swami, Kaushik, It's, hasn't, Adrian Goh, Goh, Kan Min Yen, Kan, Bo An, David Malan, Malan, he's, Rajagopal Organizations: Service, Google, Business, IBM, Rocket Mortgage, National University of Singapore, Nanyang Technological University, NTU, Harvard, Tejas Locations: Singapore, Hatcher, Asia
(Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty ImagesSelf-driving technology firm WeRide is accelerating its global expansion as the artificial intelligence boom boosts adoption of machine learning in transportation. Things are moving relatively fast because of the development of AI right now," said Sebastian Yee, Singapore director of business development at WeRide. In June, the firm began safety testing for "Robosweepers" in Singapore, following similar rollouts in multiple cities in China. watch now"WeRide is the only company which has [driverless] permits from the U.S., China, UAE and Singapore. Some [companies] just have permits from one or two countries, but we have four countries," said Kerry Xu, Singapore general manager of WeRide.
Persons: WeRide, Jia Tianyong, Sebastian Yee, Kerry Xu, Xu, Yee Organizations: SAE, China News Service, Getty Images, Getty, Logistics, Renault, Nissan, Mitsubishi, GAC Group, Nasdaq, U.S, SEC, Changi Airport Locations: BEIJING, CHINA, Beijing, China, Singapore, WeRide, Silicon Valley, Guangzhou, U.S, UAE, Japan, Europe, Cayman Islands, Southeast Asia
Read previewCelebrity chef Bobby Flay, 59, credits Pilates for helping him with his back. Once cardio is out of the way, he then gets into his Pilates workout. Advertisement"Standing hunched over a cutting board for 35 years, I put a very decent curve in my spine. Pilates has reversed it and made my posture so much better, and it helps me stretch," Flay said. "This should include strength training and cardiovascular exercise alongside Pilates," Lee continued.
Persons: , Bobby Flay, Flay, There's, Hailey Bieber, Myles Garrett —, Martha Stewart, Dawance, Elizabeth Lee, Lee Organizations: Service, Wall, Business, Research, NFL Locations: Singapore
Read previewWhen Michael Oshust and Stephania Meyer first met in 2004, they were both married to other people. 'Yearning' for partners with similar interestsOshust and Meyer met on the dating site Ashley Madison. Related storiesMost messages Meyer received on Ashley Madison were asking for nudes or no-strings-attached sex, which she wasn't interested in. Oshust and Meyers know cheating is wrong, but they don't regret it"I don't regret meeting Michael at all. But at the same time, if it wasn't for Ashley Madison, we wouldn't have been together.
Persons: , Michael Oshust, Stephania Meyer, Oshust, Meyer, Stephania Meyer Oshust, Ashley Madison, wasn't, Michael, I'm, I'd, Meyer's, blackballed, Meyers, We're, we're, they're Organizations: Service, Business, Ruby Locations: Ontario, Canada, Singapore, Nova Scotia, Oshust, Mexico, Cabo San Lucas
Kim Choo Kueh Chang has been serving bite-sized treats called Nyonya kueh in Singapore since 1945. These colorful snacks are a staple for the Peranakan people — a cultural group prominent between the 15th and early 20th centuries that's working to be remembered. But as the popularity of Nyonya kueh increases, some shopkeepers fear its Peranakan roots will be forgotten. We went to Singapore to see how Peranakan culture and the art of making Nyonya kueh is still standing. This story is available exclusively to Business Insider subscribers.
Persons: Kim Choo Kueh Chang Organizations: Business Locations: Singapore
AdvertisementDeclining birth rates have been a huge bugbear for Asian countries like Japan and South Korea. Vanessa LeeLee, who owns two dogs and a cat, said that governments may be overestimating the effectiveness of one-off interventions in bolstering birth rates. AdvertisementShe added that a shift in societal mindsets toward work and family needs to occur for her peers to consider having children. But it also doesn't guarantee that having sex brings children and that not having sex is the only reason why people are not having children," Gietel-Basten said. Low birth rates, according to HKUST's Gietel-Basten, are a "barometer of the challenges in society" and should thus be seen as "symptoms of problems in a society."
Persons: , Vanessa Lee, Lee, Elon Musk, Paulin Straughan, Poh Lin Tan, Tan, Jonas Hue, Vanessa Lee Lee, It's, Emily Huang, Stuart Gietel, Basten, SMU's Straughan, Straughan, HKUST's, we're Organizations: Service, Business, Internal, Ministry, Asahi Shimbun, South, Singapore Management University, Singapore's Institute of Policy, Nordic, Hong Kong University of Science, Technology Locations: Singapore, Japan, South Korea, Korea, Tokyo, Seoul, Sweden, Finland, Hong Kong, Basten
Tiger populations in Thailand are bouncing back
  + stars: | 2024-07-27 | by ( Rebecca Cairns | ) edition.cnn.com   time to read: +7 min
CNN —As Global Tiger Day rolls around, there’s good news for the big cats in Thailand. Thailand Department of National Parks, Wildlife and Plant Conservation/WCS ThailandThe DNP began working with WCS to “build and strengthen site-based protection,” says Jornburom. Thailand Department of National Parks, Wildlife and Plant Conservation/WCS ThailandA ‘conservation-dependent species’While Thailand’s success story offers hope, the outlook across the region is not so optimistic. This has left small, isolated tiger populations in Myanmar, Indonesian Sumatra, and peninsular Malaysia — the latter of which is worrying conservationists after a recent spate of tiger deaths. WEFCOM currently boasts most of the country’s tiger population, and has the potential to support up to 2,000 tigers, according to WCS.
Persons: It’s, Pornkamol Jornburom, she’s, , Pornkamol, WEFCOM, WCS, Stuart Chapman, they’ve, Chapman, Thailand Chapman, ” Stuart Chapman Organizations: CNN, Initiative, Thailand’s Department of National Parks, Wildlife Conservation Society, Tigers, Thailand Department of National Parks , Wildlife, Plant, Patrol, GPS, WWF’s Tigers Locations: Thailand, Wildlife, Kha, Thung, Thung Yai, WEFCOM, Southeast Asia, Singapore, Java, Bali, Vietnam, Laos, Cambodia, Myanmar, Indonesian Sumatra, Malaysia, “ Thailand
But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.
Persons: , Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia
Read previewTowering skyscrapers, candy-colored public housing apartment blocks, and lush green spaces — Singapore has long been recognized for its meticulous urban planning. AdvertisementCreating bicycle paths for the city"When I was in the HDB, I raised the issue of planning bicycle paths for citizens," Liu told Business Insider. Liu says he wishes he had developed bike sections for roads and incorporated bicycle paths into streets. Related storiesAdditionally, bicycle paths can boost local economies, as cyclists are more likely to stop at local businesses, he said. fiftymm99Indeed, Singapore's public housing apartments are home to about 80% of the country's resident population today.
Persons: , Liu Thai Ker, who's, Liu, Thomas Schroepfer, Schroepfer, John Pratt, Rita Padawangi, Taro Hama Organizations: Service, Business, Morrow Architects, Planners, Housing Development Board, Urban Redevelopment Authority, The Straits Times, Singapore University of Technology, Design, Ministry of National Development, Keystone, Singapore University of Social Sciences Locations: Singapore, Copenhagen, Amsterdam, Singapore's, Sands, Ubin, Pulau Ubin, kamakura
The Country Where You Can Buy Meat Grown in a Lab
  + stars: | 2024-07-24 | by ( Sui-Lee Wee | ) www.nytimes.com   time to read: +1 min
It was a remarkable moment in the annals of food, perhaps even humanity: A store in Singapore started selling lab-grown meat directly to the general public in May. “I like eating meat, and if I can do it without animal cruelty, it’s ideal,” he said. Others were not so enthused about meat cultivated in a lab. In recent years, Singapore has emerged as a hub for this utopian, or some might say, dystopian, future. It has looked at urban and vertical agriculture, approved insects for human consumption and given generous subsidies to cultivated meat startups.
Persons: Butchery, filets, pico de, Sascha Wenninger, , Philippe Ritoux Locations: Singapore, taco, New York City
CNN —The Philippines has announced plans to ban offshore gaming operators, targeting an industry that mostly caters to Chinese gamblers and has sparked growing alarm from law enforcement over its alleged connections to organized crime. Known locally as POGOs, Philippine Offshore Gaming Operators have spawned across the country, both licensed and illicit, employing tens of thousands of Chinese and foreign nationals. Ezra Acayan/Getty ImagesThere are 46 licensed offshore gaming operators and dozens more illicit gambling hubs in the Philippines, according to the country’s gaming regulator, which Marcos has ordered to close by the end of the year. Since then, the Philippines has become a major hub for online gaming catering to tens of thousands of players based in China. “Even if overseas casinos are legally opened, cross-border gambling by Chinese citizens is suspected of violating the laws of our country,” the embassy said in a statement.
Persons: Ferdinand Marcos Jr, ” Marcos, Marcos, Ezra Acayan, Marcos ’, Rodrigo Duterte Organizations: CNN, Philippine Offshore Gaming, Macao –, Philippine News Agency Locations: Philippines, Philippine, Manila, Beijing, South China, China, Macao, Southeast Asia, United States, China’s, Singapore
Clift told me when we met earlier this year in Singapore. Advertisement"The Cave is arguably the most distinctive fine dining experience in Bali," Widyasari said. Amanda Goh/Business InsiderThe restaurant has 22 seats, so I made a dinner reservation a few weeks before my trip. Amanda Goh/Business InsiderGetting ready for dinnerOn the night of my visit, it was a full house. Amanda Goh/Business InsiderThe first course was a bite-sized crispy pancake topped with bechamel, truffle, and egg-yolk gel.
Persons: , Ryan Clift, Caroline Usher, Clift, Amanda Goh, It's, it's, Gita Widyasari, Widyasari, amberjack tartare, Mille, Feuille, Turbot, Manjari, Tay Chan Yong, Tay Organizations: Service, Tippling Club, Business, Jacada, Michelin Locations: Singapore, Bali, Asia Pacific, TikTok, Uluwatu, Italian, Australian
Private market assets or alternative investments are those that do not fall into the conventional categories of stocks, bonds, commodities and cash. Prequin, which provides data on the alternative assets market, says it expects assets under management to hit $23.21 trillion by 2026 . Listed companies related to private markets He advised investors to consider listed companies in "the business of private markets management." These include the likes of KKR and Blackstone , which invest in a range of alternatives like real estate, credit and capital markets. Listed private market funds Another way to gain exposure to the alternatives space is through private market funds which are available in some countries.
Persons: , Juan Delgado, Moreira, Hamilton Lane, Delgado Organizations: CNBC Pro, Nvidia, KKR, Blackstone, London Stock Exchange, Oxford Tech, Venture Capital Trust, Temasek, Asset Management Locations: U.S, Hamilton Lane, Singapore
Ashok Kumar | Getty Images Entertainment | Getty ImagesWhat is recession pop? Recession pop largely refers to the body of music that emerged during the Great Recession, which started in late 2007 and lasted for 18 months. It's a lot of Katy Perry, and a lot of hyper, very fast music," said Lewis. Why is recession pop having a renaissance? That tension has given way to recession pop."
Persons: Taylor Swift, Ashok Kumar, Charlie Harding, Harding, Joe Bennett, Katy Perry banger, Katy Perry, Lewis, Kevin Mazur, Bennett, Diane Negra, Charli XCX, Negra Organizations: Getty, New York University Steinhardt School of Culture ,, Human, Berklee College of Music, Pepsi, University of Phoenix, Farm, University College Dublin, Google, Dow Jones, Bank of America Locations: Singapore, Glendale , Arizona, U.S
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