CNA938 Rewind - Stock take today: S&P 500 rallies near record, tariff deadline extension
CNA938 Rewind - Big Shot: Halimah Yacob and life after presidency
In the June edition of Big Shot, Andrea Heng and Hairianto Diman speak with former President Halimah Yacob, who's now Chancellor of Singapore University of Social Sciences, on her time as Singapore's head of state and life after presidency.
20 mins
CNA938 Rewind - Stock take today: S&P 500 rallies near record, tariff deadline extension
On the daily markets analysis on Open For Business, Andrea Heng and Hairianto Diman speak with Kingsley Jones, CIO, Jevons Global.
12 mins
CNA938 Rewind - Is it time to lift the 15-month wait-out period for private home owners?
National Development Minister Chee Hong Tat said recently that private property owners looking to buy a non-subsidised resale HDB flat may not need to wait till 2027 or 2028 for a review of the wait-out requirement. Andrea Heng and Hairianto Diman speak with Dr Lee Nai Jia, Head of Real Estate Intelligence at PropertyGuru, to find out if it's the right time to remove this temporary restriction.
10 mins
CNA938 Rewind - TalkBack: Why does it seem challenging for Singapore football to hold on to a head coach?
Tsutomu Ogura has resigned as head coach of the Singapore national football team due to personal reasons. This leaves Singapore looking for its fourth national coach in six years. Lance Alexander and Daniel Martin speak with Yazeen Buhari, FIFA consultant and former General Secretary of the Football Association of Singapore.
28 mins
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CNA
3 hours ago
- CNA
Thai protesters call for Prime Minister Paetongtarn's resignation
BANGKOK: Hundreds of protesters gathered in the Thai capital Bangkok on Saturday (Jun 28) demanding the resignation of Prime Minister Paetongtarn Shinawatra, as her government faces rising anger over a border row with Cambodia. The rally, the largest anti-government protest since her Pheu Thai party came to power in 2023, increases pressure on Paetongtarn, 38, who is battling to revive a faltering economy and keep a fragile government coalition together ahead of a potential no confidence vote next month. Protesters waved flags beside Victory Monument, a war memorial at a busy intersection, in a demonstration organised by the United Force of the Land, a coalition of largely nationalist activists who have rallied against other Shinawatra-backed governments over the last two decades. While the past protests did not directly cause the downfall of those governments, they built up pressure that led to judicial interventions and military coups in 2006 and 2014. The political turmoil in Thailand threatens to further damage the country's struggling economic recovery. Paetongtarn said on Saturday that she was not concerned about the protest and had instructed authorities to ensure the gathering was peaceful. "It's within people's rights and I will not retaliate," she said. The prime minister, who now controls a slim majority coalition following the exit of former partner Bhumjaithai Party last week, could face a no confidence vote when parliament reconvenes next week. Bhumjaithai Party last week withdrew its support for the government citing the risk of a loss of Thai sovereignty and integrity after a leaked phone conversation between Paetongtarn and Cambodia's former premier Hun Sen. During the call, Paetongtarn appeared to seek to appease the veteran Cambodian politician and criticised a Thai army commander, a red line in a country where the military has significant clout. She has apologised for her comments. The prime minister also faces judicial scrutiny after a group of senators petitioned the Constitutional Court and a national anti-graft body with a wide remit to investigate her conduct over the leaked phone call. Decisions from either bodies could lead to her removal. Hun Sen, a former ally of the Shinawatras, made an unprecedented public attack on Paetongtarn and her family in an hours-long televised speech on Friday, calling for a change in government in Thailand. The Thai foreign ministry described the speech as "extraordinary" while insisting that Thailand prefers to use diplomacy to resolve the escalating bilateral dispute.
AsiaOne
4 hours ago
- AsiaOne
Biden joins thousands paying final respects to slain Minnesota lawmaker and husband, World News
ST. PAUL, Minnesota - Thousands of mourners, including former US President Joe Biden, filed through Minnesota's state Capitol Rotunda on Friday (June 27) to pay final respects to slain lawmaker Melissa Hortman and her husband, Mark, who were gunned down by an assassin earlier this month. The couple lay in state in St. Paul on the eve of a private funeral set for Saturday morning, two weeks after a man impersonating a police officer shot them to death at their home in what authorities are treating as a politically motivated murder. For several hours, members of the public lined up in a column of mourners stretching across the front plaza of the state Capitol building and along an adjacent boulevard. After entering the building, people walked single-file past the Hortmans' flower-bedecked caskets. A portrait of each stood next to their respective coffins. Perched between them was an urn bearing the remains of their golden retriever, Gilbert, along with a photograph of the pet. The dog, too, was shot in the attack and later euthanized. Biden arrived at the statehouse late in the afternoon. After the public was cleared from the rotunda for security purposes, the Democratic former president was ushered in alone. He paused for a moment in front of the caskets, then exited the building. Following his departure, the rotunda was reopened to the public, and the procession of mourners resumed. Still more people joined the line outside, hoping for a chance to pay their respects. The viewing was scheduled to end at 5 pm (6am Singapore time) local time. Representative Hortman, the top-ranking Democrat in the Minnesota House, became the first woman to lie in state in the St. Paul Capitol Rotunda, according to the Minnesota Star Tribune. Her husband was believed to be the first person other than a military figure or public official to be so honoured. The suspect in their June 14 killings, Vance Boelter, 57, is also accused of shooting and wounding a second Democratic legislator, state Senator John Hoffman, and his wife, Yvette, in their home a few miles away.' The accused gunman was arrested on the night of June 16 following a massive two-day manhunt that was the largest in state history. Boelter faces state and federal murder charges. According to prosecutors, investigators recovered notebooks from his car and residence that included the names of dozens of Democratic legislators, along with abortion-rights advocates. [[nid:719153]] The shootings unfolded against a backdrop of increasing political violence in the US in an era of extreme social and partisan polarisation.
Business Times
4 hours ago
- Business Times
Hong Kong-listed China Medical System seeks secondary listing on SGX
[SINGAPORE] Hong Kong-listed China Medical System (CMS) is seeking a secondary listing on the mainboard of the Singapore Exchange (SGX) in July this year. CMS is a specialty pharma with a focus on sales and marketing in China, with capabilities across the full lifecycle of drug development, from identifying clinical needs to research and development (R&D) regulatory approval, and commercialisation. It has been listed on the Stock Exchange of Hong Kong since 2010. The pharmaceutical company expects the secondary listing will help it deepen its presence in South-east Asia and 'tap into a new and sophisticated investor base in Singapore'. CMS said it is looking to replicate its success in South-east Asia – building on the proven track record attained in China's pharmaceutical industry. 'This region, with a population of nearly 700 million, is experiencing surging pharmaceutical demand due to rapid economic growth, the rise of the middle class, ageing population, and the increasing burden of non-infectious diseases,' it said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Its financial performance in 2023 and 2024 were hit by China's volume-based procurement (VBP) policy – three of its products were included in the VBP list. This policy aims to lower the prices of drugs with generic competition, by guaranteeing certain procurement volumes from public hospitals at significantly reduced prices through a bidding process. But CMS had a top-line rebound in H2 2024, driven by progress in commercialising innovative drugs and the continued growth of non-VBP exclusive products. The company moved towards innovative drugs, given that they typically enjoy a pricing advantage due to their exclusiveness, novelty and quality, and are supported by favourable government policies. It expects growth momentum will accelerate on the back of the replenishment of its pipeline of innovative drugs to about 40 products as at Dec 31, 2024. It noted four key platforms to scale its pharmaceutical ecosystem across Asia-Pacific. CMS R&D is involved in drug discovery and development targeting global markets, while PharmaGend is a development and manufacturing platform for regional manufacturing and supply. It also has Rxilient Health, a Singapore-headquartered entity focused on registration and commercialisation in South-east Asia and a Singapore venture arm, which makes strategic investments to support regional pharma innovation. In a statement on Jun 24, CMS said the proposed listing will not involve issuance of new shares, and the shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange thereafter. Singapore is its regional headquarters for its South-east Asia and Middle East business, the company said. The announcement follows the news of several new listings on SGX – software services provider Info-Tech Systems, a data centre real estate investment trust (Reit) by Japanese telco Nippon Telegraph and Telephone (NTT), and a spin-off of mainboard-listed construction company Lum Chang Holdings' interior fit-out business. Info-Tech Systems, whose shares are expected to begin trading on Jul 4, is the first SGX mainboard listing in two years. NTT DC Reit, which will have a portfolio of six of NTT's data centre assets, will likely be the largest Singapore Reit listing in a decade. Meanwhile, interior fit-out business Lum Chang Creations is looking to list on the Catalist board.
