How can M3 – a collaborative effort between MUIS, Mendaki and MESRA to harness each other's strengths and resources – expand its network of community partners to better serve the needs of beneficiaries? How can ambassadors of Project DIAN@M3, which aims to uplift Malay families in public rental flats and guide them towards owning their own homes, be given more support to run the programme better? These questions were asked by MP Mohd Fahmi Aliman in Parliament on Monday (Mar 6). How can M3 – a collaborative effort between MUIS, Mendaki and MESRA to harness each other's strengths and resources – expand its network of community partners to better serve the needs of beneficiaries? How can ambassadors of Project DIAN@M3, which aims to uplift Malay families in public rental flats and guide them towards owning their own homes, be given more support to run the programme better? These questions were asked by MP Mohd Fahmi Aliman in Parliament on Monday (Mar 6).

https://www.channelnewsasia.com/watch/committee-supply-2023-debate-day-7-mohd-fahmi-aliman-m3-and-project-dian-3327486

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Singapore's well-established advantages, ranging from political and economic stability to developed infrastructure, will continue to give it an edge, but the country needs to be 'nimble' to ward off rising competition for investments, experts say.   SINGAPORE: Surrounded by lawmakers and business leaders, United States President Joe Biden was all smiles as he signed into law what he called 'a once-in-a-generation investment in America' on the morning of Aug 9, 2022. A rare major foray into US industrial policy, the Chips and Science Act was a spending package that would devote US$52 billion to scientific research and American production of semiconductors.

https://www.channelnewsasia.com/business/focus-singapore-competition-global-investments-us-china-3376206

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Teams are no longer for life and it is breeding an emptiness that wont be fixed once were back in the workplace, says the Financial Times' Pilita Clark...

https://www.channelnewsasia.com/news/commentary/tips-lonely-loneliness-working-from-home-new-job-connect-14731220

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SINGAPORE: Singapore Airlines Ltd said on Monday (May 3)it had raised about S$2 billion through sale-and-leaseback deals for 11 of its planes to help bolster liquidity as it grapples with the pandemic-related plunge in travel.

The airline said it would continue to explore other ways to raise...

https://www.channelnewsasia.com/news/business/singapore-airlines-raises-1-5-billion-airplane-sale-leaseback-14736046

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TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) is planning to build several more chipmaking factories in the USstate of Arizona beyond the one currently planned, three people familiar with the matter told Reuters.

TSMC, the world's largest contract chipmaker, announced in May 2020 that...

https://www.channelnewsasia.com/news/business/chipmaker-tsmc-eyeing-expansion-of-planned-arizona-plant-sources-14746696

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SEOUL/HONG KONG: South Korean battery material maker SK IE Technology Co Ltd (SKIET) saw its stock debut on Tuesday at double its initial public offering (IPO) price, amid rising expectations of electric vehicles (EVs) displacing those powered by fossil fuel.

SKIET's shares opened at 210,000...

https://www.channelnewsasia.com/news/business/south-korea-s-skiet-shares-debut-at-double-ipo-price-14784702

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SEOUL: Kakao Entertainment Corp, the online comic, talent agency and movie-making unit of South Korean tech giant Kakao Corp, is acquiring New York and Seoul-based serialized fiction app Radish for US$440 million, Radish said in a statement.

The purchase will make Kakao the latest South Korean...

https://www.channelnewsasia.com/news/business/south-korea-s-kakao-entertainment-to-acquire-serial-fiction-app-radish-for-us-440-million-14784678

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The dollar nursed losses against the currencies of major commodity exporters which enjoyed support from expectations for further gains in the price of oil, copper, steel, and other metals...

https://www.channelnewsasia.com/news/business/commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed-14784808

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The Bank of Japan must consider taking necessary steps on climate change in line with its mandate as a central bank, one of its board members was quoted as saying at a policy meeting in April...

https://www.channelnewsasia.com/news/business/boj-policymakers-warned-of-uncertainty-over-recovery-prospects-at-april-meeting-14784728

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TOKYO: Japan's household spending posted its biggest monthly gain in 18 months in March, data showed on Tuesday, as consumer demand rebounded strongly from the heavy blow it took from the worsening impact of the coronavirus pandemic last year.

But an extension of new state of emergency...

https://www.channelnewsasia.com/news/business/japan-s-march-household-spending-posts-biggest-monthly-rise-in-14784560

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China's factory gate prices rose 6.8per cent from a year earlier in April, official data showed on Tuesday, reaching the highest level since October 2017 and beating analysts' forecast...

https://www.channelnewsasia.com/news/business/china-april-ppi--6-8per-cent-year-on-year--cpi--0-9per-cent-year-on-year-14785074

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HONG KONG :Asian tech stocks tumbled on Tuesday and a regional equity gauge suffered its biggest slide in nearly two months after a selloff on Wall Street, as traders braced for U.S. inflation data amid worries growing price pressures might bring forward rate rises...

https://www.channelnewsasia.com/news/business/tech-selloff-deepens-on-inflation-fears--fed-outlook-14785900

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Malaysia's economy contracted less sharply in the first quarter as domestic spending improved along with external demand in spite of a recent spike in coronavirus cases...

https://www.channelnewsasia.com/news/business/malaysia-s-gdp-slump-eases-in-first-quarter-on-export-recovery-14786096

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SINGAPORE: The Bloomberg New Economy Forum will be held in Singapore from Nov 16 to Nov 19, bringing together business and government leaders and academics from around the world to discuss issues affecting the global economy.

The annual conference washeld online last year amid the COVID-19...

https://www.channelnewsasia.com/news/singapore/bloomberg-new-economy-forum-singapore-november-400-leaders-14753216

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MANILA: Philippine exports expanded at the fastest pace in more than 10 years in March, the statistics agency said on Friday, driven by strong demand from major trading partners, while imports rose at the highest rate in more than two years.

Outbound shipments increased 31.6per cent from a...

https://www.channelnewsasia.com/news/business/philippines-march-exports-grew-at-fastest-pace-in-more-than-10-years-14760976

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China's exports grew 32.3per cent from a year earlier in April, official data showed on Friday, beating market expectations as the world's second-largest economy continues to recover from the COVID-19 pandemic...

https://www.channelnewsasia.com/news/business/china-april-exports-rise-32-3per-cent-y-y--imports--43-1per-cent-y-y-14761436

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U.S. electric vehicle maker Tesla Inc said via Weibo on Wednesday that it supports standardisation of China auto industry...

https://www.channelnewsasia.com/news/business/tesla-says-it-supports-standardisation-of-china-auto-industry-14795910

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Japan's bank lending slowed sharply in April as corporate fund demand stabilised from last year's pandemic-driven spike, data showed on Thursday, a sign the wall of money pumped by the central bank is working its way through the economy...

https://www.channelnewsasia.com/news/business/japan-bank-lending-slows-sharply-as-big-firms-emerge-from-covid-19-strains-14800030

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China's Semiconductor Manufacturing International Corp (SMIC) said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year...

https://www.channelnewsasia.com/news/business/china-s-smic-raises-revenue-expectations-following-strong-first-quarter-as-chip-shortage-boosts-demand-14807798

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South Korea's Hyundai Motor Co said on Thursday it planned to invest US$7.4 billion in the United States by 2025 to produce electric vehicles, enhance production facilities and develop smart mobility solutions. (https://prn.to/33E6qMm...

https://www.channelnewsasia.com/news/business/hyundai-to-invest-us-7-4-billion-in-us-by-2025--with-electric-cars-in-focus-14803972

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Japan's economy is set to grow much slower than previously hoped this quarter, hobbled by extended emergency measures put in place to halt a rise in coronavirus infections, a Reuters poll showed...

https://www.channelnewsasia.com/news/business/japan-second-quarter-economic-growth-forecasts-cut-sharply-on-coronavirus-restrictions---reuters-poll-14808300

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Global stocks edged higher and the dollar dipped on Friday after U.S. Federal Reserve officials said there would be no imminent move to tighten monetary policy in the world's biggest economy...

https://www.channelnewsasia.com/news/business/world-stocks-up--dollar-dips-as-fed-officials-calm-inflation-fears-14808404

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Indian drugmaker Dr. Reddy's Laboratories Ltd said on Friday it expects to get 36 million doses of Sputnik V COVID-19 vaccine in the next couple of months under its contract with Russia's sovereign wealth fund...

https://www.channelnewsasia.com/news/business/india-s-dr--reddy-s-to-get-36-million-doses-of-sputnik-v-vaccine-in-next-few-months-14809868

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Muslims are observing Ramadan under COVID-19 conditions for the second year in a row. What strategies are businesses in Singapore undertaking to make the most of the Ramadan and the Hari Raya season amid tighter COVID-19 measures? Millet Enriquez takes a closer look...

https://www.channelnewsasia.com/news/business/businesses-navigate-second-ramadan-covid-19-money-mind-14788096

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SEOUL: Samsung BioLogics Co Ltd on Wednesday said a report it was in talks with Pfizer Inc to begin production of the U.S. drugmaker's COVID-19 vaccine in South Korea as early as in August was "not factual."

The Korea Economic Daily reported earlier that the biotech arm of Samsung Group had...

https://www.channelnewsasia.com/news/business/samsung-biologics-denies-report-on-pfizer-vaccine-production-14792170

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SEOUL: Samsung BioLogics on Wednesday (May 12) said a report it was in talks with Pfizer Inc to begin production of the US drugmaker's COVID-19 vaccine in South Korea as early as in August was "not factual".

The Korea Economic Daily reported earlier that the biotech arm of Samsung Group had been...

https://www.channelnewsasia.com/news/asia/samsung-biologics-denies-report-on-pfizer-covid-19-vaccine-14792170

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TAIPEI: Taiwan may raise its COVID-19 alert level in the "coming days", Health Minister Chen Shih-chung said on Wednesday (May 12), warning of an extremely serious situation on the island which has so far controlled the pandemic well, sending the stock market tanking.

On Tuesday, Taiwan announced...

https://www.channelnewsasia.com/news/asia/taiwan-warns-on-rising-covid-19-risk-stocks-tank-14793526

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SYDNEY: Lockdown-fuelled demand for take-out meals has brought throngs of new delivery riders onto streets around the world, but in Australia the boom has also seen tragedy with a spate of road deaths highlighting the plight of couriers.

As many industries ground to a halt last year, millions lost...

https://www.channelnewsasia.com/news/business/deaths-in-australia-highlight-plight-of-delivery-riders-14793546

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Philippines' Jollibee Foods Corp said on Wednesday it posted a net profit for the second consecutive quarter, supported by international sales that have recovered to pre-pandemic levels...

https://www.channelnewsasia.com/news/business/philippines--jollibee-posts-first-quarter-profit-as-international-sales-recover-14793886

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Even though economic recovery is narrow for now, the momentum for growth is strong, and businesses should build on this to embrace transformation fully, says SBF CEO Lam Yi Young...

https://www.channelnewsasia.com/news/commentary/singapore-post-covid-economic-growth-gdp-sectors-tech-exports-14719144

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