Latest news with #China-Singapore
The Sun
2 days ago
- Business
- The Sun
SY Holdings Establishes Singapore International Headquarters to Explore Web3.0 Ecosystem and Innovative Applications of Stablecoins
SHENZHEN, CHINA - EQS Newswire - 29 July 2025 - SY Holdings Group Limited ('SY Holdings' or the 'Group,' stock code: an 'AI + industrial supply chains' digital intelligence technology company, announced the official designation of its Singapore subsidiary, SY INTELLECTHUB as its international headquarters. SY Holdings will continue to intensify its efforts in expanding international markets. The Singapore International Headquarters will deepen global industrial supply chain connectivity, explore innovative applications of Web3.0 and stablecoins, support small and medium-sized enterprises (SMEs) in going global, and provide them with one-stop international order matching and working capital facilitation services. Against the backdrop of an increasingly complex and volatile international macro-environment, the global supply chain ecosystem is undergoing profound adjustments, with traditional supply chain decoupling points becoming increasingly unbalanced. Cross-border payment processes are lengthy; exchange rate fluctuations are severe; and compliance reviews are cumbersome—these overlapping factors have significantly increased logistics and capital costs, prolonging overall delivery cycles. SY Holdings aims to become an integral part of the supply chain, using its Singapore International Headquarters as a core hub to actively explore cutting-edge technologies such as Web3.0 and stablecoins. This will better assist SMEs in finding orders, securing financing, and fulfilling contracts, thereby building a one-stop international supply chain technology platform to enhance global supply chain resilience and sustainable growth. With the reshaping of global value chains and the upgrading of China's supply chains, going global has become an essential path for Chinese enterprises and brands to grow stronger. Singapore, as a global financial, trade, and shipping hub, boasts a well-developed financial system, a strategic geographical location, and an extensive business network, making it the preferred destination for Chinese companies looking to expand into Southeast Asia and beyond. As an international enterprise controlled by Singaporean capital, SY Holdings also received strategic investment from Temasek, Singapore's sovereign wealth fund, in 2018. Through strategic partnerships and investments with leading enterprises in Singapore, the Philippines, Indonesia, and other countries, the Company has actively explored and expanded its international business. Simultaneously, SY Holdings has been deeply involved in commercial cooperation projects between China and Singapore, including the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity. The establishment of its Singapore subsidiary as the international headquarters marks a new phase for SY Holdings in pioneering international innovation, connecting global markets, and supporting SME development, while laying the groundwork for embracing the Web3.0 ecosystem and exploring stablecoin applications in international supply chains and cross-border payments. In 2024, China's foreign trade exceeded RMB 43 trillion for the first time, maintaining its position as the world's largest goods trading nation for the eighth consecutive year. The 'Chinese Enterprises Going Global Insights and Global Trends Outlook Report' released by Shine Global noted that over 700,000 enterprises are currently attempting or planning to expand overseas. Among them, 55% of surveyed companies have incorporated global expansion into their strategic plans, while 31% consider it a core strategy. The 'Chinese Enterprises' Outbound Investment Status and Intentions Survey Report' by the China Council for the Promotion of International Trade further revealed that over 80% of respondents plan to expand or maintain their foreign investments. However, market access barriers, channel connectivity challenges, capital turnover efficiency, exchange rate volatility risks, and the complexity of cross-border payment settlements remain major bottlenecks hindering the globalization of Chinese enterprises. Since entering the Chinese market, SY Holdings has not only deepened its presence in traditional sectors such as infrastructure, pharmaceutical and healthcare, and commodities but has also actively expanded into strategic emerging industries like e-commerce, robotics, and AI applications. Adhering to a platform-based development strategy, the Company leverages technologies such as AI Agent to connect industrial ecosystems and data elements, having assisted over 19,000 Chinese SMEs in securing more than RMB 270 billion in order matching and capital turnover services. Based on its deep integration with China's industrial ecosystem, SY Holdings has keenly identified the growing global expansion demands of Chinese SMEs and the vast market potential behind them, swiftly establishing this as a new growth driver for its international business. For example, in e-commerce, SY Holdings has formed strategic partnerships with leading Southeast Asian e-commerce platforms. Leveraging its accumulated international market resources, the Company provides one-stop international supply chain solutions for Chinese SMEs to 'sell globally and open stores worldwide.' Through AI and big data analytics, SY Holdings assists Chinese merchants in accurately identifying potential market opportunities in Southeast Asia, offering tailored localization strategies and matching working capital based on transaction orders to help them generate greater revenue in international markets. Chinese SMEs commonly face pain points in cross-border payment settlements during globalization. Under traditional cross-border payment models, transactions must undergo multi-tiered correspondent bank clearing and settlement, with identity verification and compliance reviews required at each step. The process is cumbersome and time-consuming, failing to meet the timeliness demands of trade in the digital era. Additionally, layered fees—including handling charges, exchange fees, and service fees—significantly increase trade costs. According to World Bank statistics, as of Q3 2024, the average global remittance fee was 6.62% of the transaction amount, with settlement times ranging from 1 to 5 business days. In contrast, stablecoins, as emerging payment and settlement tools pegged to fiat currencies, enable peer-to-peer transfers via blockchain technology, achieving instant 'payment-as-settlement' clearing while reducing costs to as low as 0.1%. Notably, stablecoins inherently offer exchange rate hedging, effectively mitigating currency volatility risks in cross-border trade. SY Holdings plans to explore innovative applications of stablecoins in international supply chain capital turnover services to enhance efficiency, reduce cross-border payment costs, and hedge against exchange rate risks, thereby delivering a 'more, faster, better, and cheaper' customer experience. SY Holdings stated: 'Singapore is a critical hub connecting China and the world. Establishing our international headquarters in the Lion City is not only due to its unparalleled geographical advantages but also its mature tech ecosystem and pro-globalization ethos. As a top-tier global financial center, Singapore boasts robust financial infrastructure and a strong regulatory framework. Building on these regulatory advantages, Singapore has become a hotbed for the thriving Web3.0 ecosystem in Asia and beyond. Previously, the Monetary Authority of Singapore (MAS) introduced a stablecoin regulatory framework, making it one of the first jurisdictions globally to incorporate stablecoins into local oversight. Moving forward, SY Holdings will use Singapore as a springboard for international expansion while actively exploring full integration into the Web3.0 industrial ecosystem. We aim to innovatively merge stablecoins, real-world asset tokenization (RWA), and traditional supply chain assets to 'build bridges and pave the way' for Chinese SMEs' global expansion, helping them better integrate into global industrial supply chains through 'order and capital matching' services.'
Korea Herald
22-07-2025
- Business
- Korea Herald
Nikko AM Introduces ChiNext ETF on Singapore Exchange under ETF Link, Tied to E Fund's Onshore ETF
GUANGZHOU, China, July 22, 2025 /PRNewswire/ -- On July 22, the China-Singapore ETF Link continues to expand with the listing of the Amova E Fund ChiNext Index ETF (ticker: CXT) on Singapore Exchange (SGX), launched by Nikko Asset Management (Nikko AM) in collaboration with E Fund Management (E Fund), the largest mutual fund manager in China, aiming to provide overseas investors with access to the growth potential of China's ChiNext market. The Amova E Fund ChiNext Index ETF is linked to the E Fund ChiNext ETF (ticker: 159915), which tracks the ChiNext Index—a key broad-based index of innovative and entrepreneurial companies listed on the Shenzhen Stock Exchange (SZSE). Over 90% of the index is weighted in strategic emerging industries such as next-generation information technology, new energy vehicles, and biotechnology, and includes leading companies like CATL, Inovance, InnoLight, Mindray, and Sungrow. The index constituents have demonstrated strong fundamentals, with compound annual growth rates of 21% in revenue and 14% in net profit since 2021. As of July 18, ETFs tracking the ChiNext Index held more than USD 16.3 billion in assets, led by the E Fund ChiNext ETF (ticker: 159915) accounting for USD 12 billion, which was also the first ETF to track the index. "As the world's second-largest economy, China has been steadily opening up its financial markets, becoming an essential part of global asset allocation," Yue Fan, Executive Vice President of E Fund, stated. "As a core flagship of SZSE, the ChiNext Index was launched in 2010, with constituents reflecting the driving forces of China's new economy - spanning innovative sectors such as semiconductors, artificial intelligence, new energy, and biopharmaceuticals. The Amova E Fund ChiNext Index ETF marks a milestone in China-Singapore financial collaboration, offering investors in Singapore and the broader region efficient access to China's new economy. We have a similar cross-border ETF partnership with Nikko AM in Japan, and this new ETF in Singapore highlights our deepening long-term partnership and shared vision for global market expansion." "Our collaboration with E Fund marks a significant milestone in cross-border ETF innovation. We are proud to partner with E Fund to channel our combined scale, deep expertise, and local insights into this ETF that is a powerful representation of China's entrepreneurial spirit and technological advancement. Together, we are offering investors a differentiated and forward-looking way to participate in China's innovation-led growth story," said Eleanor Seet, President and Director, Nikko Asset Management Asia Limited and Head of Asia ex-Japan, Nikko Asset Management. The listing brings the China-Singapore ETF Link program to 10 ETFs since its 2022 inception, demonstrating strengthened financial cooperation and improved cross-border investment access between both markets while offering greater convenience to investors across Asia-Pacific region and globally. About E Fund Established in 2001, E Fund is a leading comprehensive mutual fund manager in China with over RMB 3.6 trillion (USD 512 billion) under management as of 30 Jun 2025. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund's clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. Long-term oriented, it has been focusing on the investment management business since inception and believes in the power of in-depth research and time in investing. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers. About Nikko AM With US$233.9 billion under management as of 31 March 2025, Nikko Asset Management is one of Asia's largest asset managers, providing high-conviction, active fund management across a range of equity, fixed income, multi-asset and alternative strategies. In addition, its complementary range of passive strategies covers more than 20 indices and includes some of Asia's leading exchange-traded funds (ETFs). Effective 1 September 2025, Nikko Asset Management will be known as Amova Asset Management.
AllAfrica
30-06-2025
- Business
- AllAfrica
As Singapore PM visits China, no sign US pressure constrains ties
Singapore Prime Minister Lawrence Wong made a five-day visit to China last week, a prominent display of friendly and constructive relations that stood in contrast to US Secretary of Defense Pete Hegseth's comments about 'malign Chinese influence' at the Shangri-La Dialogue defense summit in Singapore on May 31. After meeting with President Xi Jinping, Premier Li Qiang and other Chinese officials in Beijing, Wong joined World Economic Forum President Borge Brende on stage at 'Summer Davos' in Tianjin. The messages from their conversations were clear: close attention is being paid to the importance of relations between Singapore and China by both sides, globalism is far from dead and nations are finding ways to move beyond US protectionism and diktat. On June 24, Wong wrote on X: 'Productive meeting with President Xi this morning. We agreed to further deepen cooperation in line with our unique 'all-round high-quality future-oriented' partnership.' He then added, 'Amidst a more uncertain external environment, we are committed to working together to foster continued peace, stability and shared prosperity for the region.' Established in April 2023, that partnership covers trade and investment, environmentally sound ('green') development, the digital economy, food security, the financial sector, aviation, and people-to-people exchanges. It is backed by a 'shared commitment to multilateralism, support for the purposes and principles of the United Nations Charter, adherence to international law, and …the rules based multilateral trading system as embodied by the World Trade Organisation.' Wong's visit came in the run-up to the 35th anniversary of the establishment of diplomatic relations between Singapore and the People's Republic on October 3, 1990. But ties between the two date further back, to Lee Kuan Yew's meetings and discussions with Deng Xiaoping when the latter visited Singapore in 1978. Commenting on this history, Prime Minister Wong pointed out that 'President Xi is in a unique position, I think, to have engaged and met all the prime ministers of Singapore: Lee Kuan Yew, Goh Chok Tong, Lee Hsien Loong and, now, me.' In their meeting, Prime Minister Wong and Premier Li 'commended the significant progress in bilateral cooperation over the past 35 years, underscored by the three Government-to-Government projects in Suzhou, Tianjin, and Chongqing.' Those projects are: the China-Singapore Suzhou Industrial Park; the Sino-Singapore Tianjin Eco-City urban development venture; and the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, which promotes links in financial services, information & communications, and transport & logistics. Wong and Li also 'welcomed the strong momentum in the ASEAN-China Comprehensive Strategic Partnership and looked forward to signing the ASEAN-China Free Trade Area 3.0 Upgrade later this year.' After the meeting, the two leaders witnessed the signing of the following documents, as detailed by Singapore's Ministry of Foreign Affairs: Memorandum of Understanding (MOU) between the Ministry of Law of the Republic of Singapore and the Ministry of Justice of the People's Republic of China on Legal Talent Development; Letter of Intent (LOI) to Jointly Explore Establishing a Senior Officials Exchange Programme between Singapore and China; LOI to Develop a Third Country Training Programme between the Ministry of Foreign Affairs of the Republic of Singapore and the China International Development Cooperation Agency of the People's Republic of China; Data Exchange Agreement between the Intellectual Property Office of Singapore and the National Intellectual Property Administration of the People's Republic of China. Wong and Li 'also took note of the launch of the China-Singapore over-the-counter (OTC) bond market arrangement. This enables selected Singapore-based banks to offer trading and custody services for onshore RMB bonds, and enhance international investors' access to China's bond market through Singapore.' Wong also met with Vietnam's Prime Minister Pham Minh Chinh at 'Summer Davos,' where they talked about cooperation in areas including renewable energy and food security. 'This,' he wrote on X, 'builds on the Vietnam-Singapore Comprehensive Strategic Partnership (CSP) launched earlier this year.' Singapore, said Wong, 'is doing something like more than 20 industrial parks in Vietnam.' This year's event, officially the 16th World Economic Forum (WEF) Annual Meeting of the New Champions, attracted about 1,800 participants from around the world, this time under the theme 'Entrepreneurship for a New Era.' It was the eighth time that the event was held in Tianjin. Wong spoke at length with WEF President Brende about the need to reform and preserve the world economic order by means of a 'flexible multilateralism' that stops 'the jungle growing back' under the 'rule of the strong.' As an example, he said that a few countries, like-minded countries, Singapore working with Japan and Australia, we have come together to initiate a joint statement initiative on e-commerce. And after five hard years of negotiation, today, more than 70 countries have agreed on the first set of rules for digital trading – it is the building block for the first set of global rules on digital trade. And I give these illustrations to show that it is possible to update, evolve, improve the multilateral system and global institutions that we have today. It is painstaking work but there is no alternative. Singapore, he said, built trade and investment links with its nearest neighbors, Malaysia and Indonesia, then Vietnam and other members of ASEAN, and now, for the whole of ASEAN, we are looking at ways to better integrate ASEAN and make us more united, be able to offer a more competitive single market to investors. So that is within ASEAN. But outside of our region, we are also engaging different blocks. We already have very close links with China, Japan, Korea, India in Asia. But we are engaging outside of Asia, for example, with the EU, with the GCC [Gulf Cooperation Council: the inaugural ASEAN-GCC-China Summit held in Kuala Lumpur on May 27], with Latin America. So we are trying to find ways to strengthen links with like-minded entities everywhere around the world. As President Trump's trade war takes its toll, such efforts have acquired a new urgency. The June Survey of Professional Forecasters (economists and analysts who closely monitor the Singapore economy) conducted by the Monetary Authority of Singapore showed a reduction in this year's projected economic growth to 1.7% from the 2.6% projected in March – an abrupt slowdown from the 4.4% GDP growth recorded in 2024. Tensions over trade and other geopolitical matters were rated as the greatest downside risk to the Singaporean economy, followed by rising interest rates and global economic slowdown. Respondents to the survey also signaled concern over tighter financial conditions. Manufacturing has taken a particularly large hit. Changes in median forecasts of 2025 macroeconomic indicators from the March to the June survey include: manufacturing +2.9% to -0.3%, non-oil domestic exports +2.8% to +1.0%, finance & insurance +4.0% to +3.3%, construction +3.4% to +3.3%, wholesale & retail trade +2.7% to +2.2%, accommodation & food services +2.0% to +1.5%, and private consumption: +3.5% to +3.1%. The construction sector is holding up with support from the Changi Airport Terminal 5 and other longer-term projects. In late May, DBS Bank senior economist Chua Han Teng wrote that 'Continued elevated global trade policy uncertainties are likely to dampen business confidence, which have already turned down.' US President Trump's so-called 'reciprocal' tariff on Singapore is only 10% (the same as the current baseline tariff), but those that might be applied to the rest of Asia are considerably higher: 46% on Vietnam, 36% on Thailand, 32% on Indonesia, 32% on Taiwan, 25% on South Korea, 24% on Japan, etc. Then there is the 25% tariff on autos, and proposed tariffs on semiconductors, pharmaceuticals and other products that are now under consideration, plus multiple tariffs on China that currently add up to effective rates of more than 30% on most Chinese goods. This is all negative for Singapore, which lives on trade and investment. The China and ASEAN are Singapore's largest trade partners, each accounting for about a quarter of its imports and exports, US is Singapore's largest foreign investor, and Singapore is China's largest foreign investor. The 'reciprocal' tariffs have been 'paused' until July 9, but the White House now says that that date is 'not critical,' leaving hope for negotiated reductions, but also, given Trump's penchant for changing his mind, continued uncertainty. In a ministerial statement on US tariffs and their implications issued on April 8, Wong wrote that, 'In Singapore's case, we have an FTA with America. We impose zero tariffs on US imports, and we actually run a trade deficit with the US – meaning we buy more from them than they do from us.' Therefore, 'If the tariffs were truly reciprocal, and if they were meant to target only those with trade surpluses, then the tariff for Singapore should be zero.' 'But still we are being subjected to the 10% tariff. We are very disappointed by the US move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend.' Nevertheless, at Summer Davos Wong said: We want to be friends with both America and China, and to have good relations with them, cooperate on win-win areas. But it is not just us; all of Southeast Asia would like to do the same. And within ASEAN in particular, no single country in ASEAN may have the same size and scale, but when you add ASEAN up altogether, collectively, we are not small. We have considerable heft. We are 700 million people, a sizable economy, and ASEAN has the ability to shape its own destiny, to shape its own future. ASEAN was the arena for proxy wars during the Cold War. We don't want that to happen again. So ASEAN's approach is very clear. We reject zero-sum competition. 'I know everyone monitors and tracks what we say and what we do very closely,' he said, 'trying to parse every hidden meaning behind every word, behind every action, whether we are moving closer to one or the other. But that's not how we look at things.' In fact, there is no sign whatsover that American government pressure is constraining relations between Singapore and China. On the contrary, the two Asian countries have appropriated the terms rules-based global order, free trade and multilateralism, which are no longer associated with the US. And they are working together on a wide range of practical activities that seem totally alien to the Trump Administration's view of what is or what it would like to be happening in Asia. Follow this writer on X: @ScottFo83517667
The Star
24-06-2025
- Business
- The Star
Chinese President Xi meets Singaporean PM Wong, calling for boosting bilateral cooperation
Chinese President Xi Jinping (right) meets with Singaporean Prime Minister Lawrence Wong, who is on an official visit to China, at the Great Hall of the People in Beijing, capital of China, June 24, 2025. - Photo: Xinhua BEIJING: Chinese President Xi Jinping met with Singaporean Prime Minister Lawrence Wong in Beijing on Tuesday (June 24). Xi congratulated Wong on his second term in office. Noting that this year marks the 35th anniversary of diplomatic relations between China and Singapore, Xi highlighted that the two sides have consistently upheld mutual understanding and respect, which has provided a solid foundation for the stable and healthy development of bilateral relations. Cooperation between the two countries has aligned with China's development priorities at various stages, yielding substantial outcomes such as the Suzhou Industrial Park, significantly contributing to each country's modernization efforts, and also setting a benchmark for cooperation among regional nations, Xi noted. He called on both sides to draw experience and wisdom from the development process of bilateral relations, inherit and carry forward fine traditions, and enable the tree of China-Singapore friendship to thrive and bear abundant fruits. Xi emphasized that China and Singapore should firmly grasp the general direction of bilateral friendship, and continuously observe and develop China-Singapore relations from a strategic height and a long-term perspective. He called for consolidating the political foundation of China-Singapore friendship, supporting each other's core interests and major concerns, and enhancing political mutual trust to facilitate the development of bilateral relations. China welcomes Singapore's continued deep engagement in China's development, Xi said, calling on both sides to promote Belt and Road cooperation, create landmark achievements in areas such as digital economy, green development and artificial intelligence, promote the improvement and upgrading of major projects, and continue to write a new chapter in high-quality cooperation. Both sides should encourage frequent people-to-people exchanges to deepen cultural exchanges and cooperation and strengthen the popular support for China-Singapore friendship, Xi said. China has always believed that peace, development, cooperation and mutual benefit are the unstoppable trend of the times, Xi said, adding that the world must not revert to hegemonism or be dragged back to the law of the jungle. China is willing to work with Singapore to stand on the right side of history and uphold fairness and justice, and jointly advocate for an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, Xi added. Wong said that Singapore and China share a deep-rooted and enduring friendship, and the two sides have always respected and trusted each other, ensuring the stable development of bilateral relations and close cooperation. Singapore will continue to adhere to the one-China policy and oppose "Taiwan independence", Wong said. Singapore stands ready to fully leverage the opportunities brought about by China's prosperity and development, expand bilateral trade and investment, enhance cooperation in digital economy, artificial intelligence, new energy and other fields, strengthen people-to-people exchanges, and advance Singapore-China relations to new heights, Wong said. In the face of a turbulent global landscape, Singapore is willing to strengthen coordination and cooperation with China on regional and multilateral platforms to jointly uphold multilateralism and the international order, Wong added. - Xinhua
Straits Times
23-06-2025
- Business
- Straits Times
Important to continue nurturing trust and understanding, PM Wong tells Chinese Premier
- On his first visit to China as Singapore's Prime Minister, Mr Lawrence Wong told his Chinese counterpart that he hopes to continue nurturing trust and understanding between both countries' leaders, the foundation of their bilateral relationship. At a meeting with Chinese Premier Li Qiang in Beijing on June 23, Mr Wong said that the relationship between China and Singapore has continued to deepen and grow because it is a partnership built on a deep level of mutual respect, trust and understanding. 'This deep level of trust and understanding cannot be taken for granted. It has to be cultivated, nurtured year after year, generation after generation,' he said. 'I look forward myself to having this rapport and trust with you, Premier Li, so that we can continue to take our relationship forward and forge even closer ties,' he said. Mr Li, for his part, noted that Mr Wong made China the first country for his introductory visit outside of Asean after winning the General Election in May. 'This reflects the importance the new Singapore government places on the China-Singapore relationship,' Mr Li said. Mr Wong told Mr Li he has brought some new members of his government to visit China with him. 'I'm encouraging everyone in my Cabinet to continue to visit China regularly so that we can continue to build and strengthen the close ties between our two countries,' he said. Among the new officials accompanying Mr Wong are Acting Transport Minister and Senior Minister of State for Finance Jeffrey Siow and Member of Parliament Dr Syed Harun Alhabsyi, both of whom entered politics during the May 2025 elections. Other members of the delegation include Foreign Minister Vivian Balakrishnan, Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations Grace Fu and Senior Minister of State for Foreign Affairs and Home Affairs Sim Ann. Both leaders in their remarks addressed the turbulent global situation and the need to work together amid the turmoil. Mr Li pointed out that the world is full of change and chaos, with uncertainties and instabilities on the rise. 'Against this backdrop, I feel that it is especially crucial for China and Singapore, which are friendly and close neighbours, and important partners, to strengthen cooperation and exchanges.' Mr Wong agreed: 'As you said just now, because we are living in a more uncertain and turbulent world, we should together find ways to cooperate not just between ourselves, but also in regional and multilateral platforms.' Mr Wong last held formal talks with Mr Li in October 2024 in Vientiane, Laos, on the sidelines of the Asean Summit. More recently, they had a brief exchange in May in Kuala Lumpur during the Asean-GCC-China Summit, which brought together Asean members, Middle Eastern countries and China. During this visit to China, Mr Wong will also meet President Xi Jinping and National People's Congress chairman Zhao Leji on June 24. Yew Lun Tian is a senior foreign correspondent who covers China for The Straits Times. Join ST's Telegram channel and get the latest breaking news delivered to you.
