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CNA938 Rewind - India launches strikes on Pakistan, Islamabad vows to ‘settle the score'

CNA938 Rewind - India launches strikes on Pakistan, Islamabad vows to ‘settle the score'

CNA08-05-2025

CNA938 Rewind - India launches strikes on Pakistan, Islamabad vows to 'settle the score'
India and Pakistan exchanged heavy artillery along their contested frontier on May 7, after New Delhi launched missile strikes on its arch-rival in a major escalation between the nuclear-armed neighbours. Hairianto Diman and Susan Ng get the latest updates from Dr Mustafa Izzuddin, Senior International Affairs Analyst, Solaris Strategies Singapore
13 mins
CNA938 Rewind - Asian currencies rally amid greenback weakness
Asian currencies rallied recently on hopes of a thaw in the US-China trade war and regional tariff deals with the Trump administration. While Tuesday brought a measure of stability, following a stunning 10% two-day leap for Taiwan's currency, Hong Kong's dollar was testing the strong end of its peg and the Singapore dollar has soared close to its highest in more than a decade. How long will this rally be sustained? And what impact does it have on consumers? Hairianto Diman and Susan Ng find out from Saktiandi Supaat, Chief FX Strategist, Head of FX Research & Strategy, Maybank
11 mins
CNA938 Rewind - A Letter to Myself: Oniatta Effendi on the art of batik and bouncing back
Oniatta Effendi is a cultural entrepreneur well-known for celebrating the art of batik through her fashion label 'Baju by Oniatta', which she launched in 2016. Her passion for batik has taken her around the world, including to some of the top fashion capitals. But success did not come easy. Oniatta reflects on the most valuable lessons she's gained on her journey as an entrepreneur, mother of five, and caregiver to her elderly parents.
33 mins
CNA938 Rewind - #TalkBack: If you're using a pram or stroller… stay off escalators?
Last Sunday afternoon, the wheels of a woman's stroller got stuck between the steps of an escalator at HarbourFront Centre, which then became dislodged. No one, including the woman and her baby, was hurt. While there isn't a law disallowing the use of strollers on escalators in Singapore, the Building and Construction Authority (BCA) strongly discourages the practice. Lance Alexander and Daniel Martin discuss further with Teo Orh Hai, Group Director for Electrical and Mechanical Engineering Group, BCA.
28 mins

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IKEA recalls garlic press due to risk of metal pieces detaching during use
IKEA recalls garlic press due to risk of metal pieces detaching during use

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IKEA recalls garlic press due to risk of metal pieces detaching during use

SINGAPORE: IKEA said on Wednesday (Jun 11) it is recalling a batch of garlic presses due to the risk of small metal pieces detaching during use. The production error was identified after an internal investigation, IKEA said in a press release on Wednesday. The affected product is the 365+ VÄRDEFULL garlic press in black with article number 601.636.02. The date stamps of the impacted batch are from 2411(YYWW) to 2522 (YYWW). Affected products can be identified by a marking of the IKEA logo on the upper handle of the product, said IKEA. While no incidents have been reported in Singapore, IKEA has asked all customers who own the product to stop using it. Affected products can be returned to any IKEA store for a full refund and a receipt is not required, said the company. If customers are unable to identify the date stamp, they can return any IKEA 365+ VÄRDEFULL garlic press in black for a refund, it added.

The Online Citizen's operator to be barred from financial benefit for two more years over repeated falsehoods
The Online Citizen's operator to be barred from financial benefit for two more years over repeated falsehoods

CNA

timean hour ago

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The Online Citizen's operator to be barred from financial benefit for two more years over repeated falsehoods

SINGAPORE: The Online Citizen's (TOC) website and social media pages have once again been designated as Declared Online Locations (DOL) over repeated falsehoods. The declaration under the Protection from Online Falsehoods and Manipulation Act (POFMA) applies to TOC's website and its pages on Facebook, Instagram, and X. It will prohibit TOC's operator from receiving financial benefits from running the pages for another two years, said the Ministry of Digital Development and Information (MDDI) on Wednesday (Jun 11). This is the second such declaration against TOC following a similar one in July 2023. The new declaration will come into effect on Jul 22, after the existing one expires, and will remain in force until noon on Jul 21, 2027, MDDI added. The ministry said the renewed designation was necessary as TOC had continued to spread falsehoods over the past two years, including on topics such as the death penalty and financial and social assistance schemes. "Members of the public are advised to be aware of TOC's history of communicating falsehoods on its online platforms, and to fact-check information published on these online locations," it added. An online location such as a website or webpage is declared as a DOL if it has carried three or more different false statements of fact that are the subject of active POFMA directions. At least three statements must also have been communicated to the online location in the six months before the DOL declaration. RECENT POFMA ORDERS In December 2024, a POFMA correction direction was issued to TOC after it published an article and social media posts that insinuated that parties, including ministers, are allowed to transact Good Class Bungalos away from public scrutiny or government oversight. In February, a correction direction was issued after TOC published an article and social media posts that made false statements about the rental of and works carried out at 26 Ridout Road. "Despite the current declaration, TOC has continued to communicate falsehoods through its online platforms over the past two years ... a new declaration is therefore necessary to ensure Singaporeans continue to be alerted to TOC's record of communicating falsehoods," said MDDI. Under the order, TOC must carry a notice on each of its pages to alert readers that it has been declared a DOL, that it had communicated multiple falsehoods and that viewers should exercise caution when using it for information. FINANCIAL IMPLICATIONS MDDI said that the conditions of the new declaration are unchanged from the current one. TOC's online platforms are also not required to cease operations. Digital advertising service providers must "take reasonable steps" to ensure that paid content on TOC's platforms is not communicated in Singapore. Individuals and companies are also not allowed to provide financial support to TOC's sites to avoid promoting the spread of falsehoods on these platforms. TOC's operator may apply to the Minister for Digital Development and Information to suspend, vary or cancel the declaration. If the Minister refuses the application, an appeal can be made to the High Court. There are currently three other sites that are marked as DOL. They are the websites and social media pages of Transformative Justice Collective, Gutzy Asia and Mr Kenneth Jeyaretnam.

BOJ to postpone rate hike to Q1 next year, tiny majority of economists say
BOJ to postpone rate hike to Q1 next year, tiny majority of economists say

CNA

time2 hours ago

  • CNA

BOJ to postpone rate hike to Q1 next year, tiny majority of economists say

TOKYO: The Bank of Japan will forego another interest rate hike this year due to uncertainty over US tariff policy, according to a slight majority of economists in a Reuters poll who expect the next 25-basis-point increase in early 2026. Japan's central bank will slow the pace of tapering its government bond purchases from next fiscal year, a majority also said, while three in four surveyed expect the government to cut down on issuance of super-long bonds. The latest results reflect policymakers' apprehension at a time when US President Donald Trump's erratic tariff policies are threatening the economic outlook and as investors are increasingly concerned about Japan's public finances. The BOJ is still pushing for tighter monetary conditions, contrasting with its peers tilting for rate cuts, with its governor Kazuo Ueda stressing the central bank's readiness to keep raising interest rates if underlying inflation approaches its 2 per cent target. "If trade negotiations between the United States and other countries progress, global economic activity is likely to pick up," said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute. "The timing of policy interest rate hikes is now more likely to be delayed compared to previous projections, but the BOJ is expected to implement an additional rate hike in the first quarter of 2026." None of the 60 economists in the Jun 2-10 survey expected the BOJ to raise rates at its upcoming policy meeting on Jun 16-17. Specifically, 52 per cent of economists, 30 of 58, expected borrowing costs to stay at 0.50 per cent at year-end, the reverse of a poll in May when 52 per cent expected rates at 0.75 per cent by end-2025. Interest rate futures are only pricing in about 17 basis points more of tightening from the BOJ by year-end. More than three-quarters of respondents, 40 of 51, now expect at least one 25-basis-point increase by end-March, the poll showed. Of 35 economists who specified a month for when the BOJ will next hike rates, January 2025 was the top choice at 37 per cent, followed by 23 per cent for October this year and 9 per cent saying March 2025. The BOJ exited a massive stimulus programme in March last year and pushed up short-term interest rates to 0.25 per cent in July and 0.50 per cent in January. Just over half of respondents, 17 of 31, said the BOJ would decelerate its pace of tapering JGB purchases from the current roughly ¥400 billion per quarter beyond April next year. Of those respondents the quarterly taper size prediction ranged from ¥200 billion to ¥370 billion. The BOJ began tapering its huge bond buying last year to wean the economy off decades of massive stimulus even though it still owns roughly half of outstanding JGBs. Three-quarters of economists, 21 of 28, said the government would trim issuance of super-long bonds while the rest said the amount would not change. Yields on super-long JGBs rose to record levels last month due to dwindling demand from traditional buyers like life insurers and concern over steadily rising debt levels. Reuters reported on Monday the government is considering buying back some super-long bonds it issued at low interest rates on top of an expected government plan to trim issuance of super-long bonds in the wake of sharp rises in yields. Seventeen said the issuance of 30-year JGBs would be reduced, followed by 16 selecting 40-year and 10 choosing 20-year bonds. Survey respondents were allowed to give multiple responses. "With the auction results consistently weak, the finance ministry is facing strong pressure to reduce the amount of super-long JGBs issued from July onwards," said Kazutaka Maeda, economist at Meiji Yasuda Research Institute.

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