
AI platform Enigma slashes clinical audit time by 90%
Singapore is using artificial intelligence to tackle challenges of an ageing population and reduce stress on hospitals. At the Singapore National Eye Centre, AI platform Enigma helped to conduct clinical audits for cataract surgeries. It analysed more than one million data points over six months last year, cutting down processing time by 90%.
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2 hours ago
- CNA
Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost
Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in four years on Wednesday, in what the market sees as the country's attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ has cited healthy demand and low stocks as the reasons behind increasing production. Those reasons would normally prompt producers to raise selling prices. Saudi Arabia's state firm Aramco cut the official selling price for the flagship Arab light crude it sells to Asia for July to $1.20 a barrel above the Oman/Dubai average. The OSP premium for June was $1.40 a barrel and in May it was $1.20. A Reuters survey had expected the price cut for Arab light in July to be 40 to 50 cents. Saudi crude OSPs are usually released around the fifth day of each month, and set the price trend for other grades exported by Iran, Kuwait and Iraq, affecting about 9 million barrels per day of crude bound for Asia. Eight OPEC+ countries met on Saturday and agreed to another big increase of 411,000 bpd for July, having increased by the same amount for May and June. The tables below show the full free-on-board prices for June in U.S. dollars. Saudi term crude supplies to Asia are priced as a differential to the Oman/Dubai average: July June CHANG E SUPER 1.75 1.95 -0.20 LIGHT EXTRA 1.00 1.20 -0.20 LIGHT LIGHT 1.20 1.40 -0.20 MEDIUM 0.75 0.85 -0.10 HEAVY -0.30 -0.30 0 Prices at Ras Tanura destined for United States are set against ASCI: July June CHANG E EXTRA 5.75 5.65 0.10 LIGHT LIGHT 3.50 3.40 0.10 MEDIUM 3.50 3.50 0 HEAVY 3.05 3.05 0 Prices at Ras Tanura destined for Northwest Europe are set against ICE Brent: July June CHANG E EXTRA 4.85 3.05 1.80 LIGHT LIGHT 3.25 1.45 1.80 MEDIUM 2.45 0.65 1.80 HEAVY 0.05 -1.75 1.80 Prices at Ras Tanura for Saudi oil destined for the Mediterranean are set against ICE Brent: July June CHANG E EXTRA 4.75 2.95 1.80 LIGHT LIGHT 3.05 1.25 1.80 MEDIUM 2.45 0.65 1.80 HEAVY -0.25 -2.05 1.80


CNA
2 hours ago
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Asia First - Wed 4 Jun 2025
02:26:53 Min From the opening bell across markets in Southeast Asia and China, to the biggest business interviews and top financial stories, tune in to Asia First to kick-start your business day.


CNA
5 hours ago
- CNA
Health Minister Ong Ye Kung 'dismayed' at company's S$52,000 monthly rental bid for Tampines clinic
SINGAPORE: Health Minister Ong Ye Kung said he was "dismayed" at a healthcare company's S$52,188 monthly rental bid for a clinic in a Housing and Development Board (HDB) estate in Tampines. In a Facebook post on Wednesday night (Jun 4), Mr Ong said: "This must translate to higher cost of healthcare one way or another, and negate the effort of Ministry of Health, Singapore (MOH) to try to keep the cost of primary healthcare affordable. "More importantly, higher rental bids do not necessarily translate to the best healthcare that the community needs." The successful bid for the ground floor unit at Block 954C Tampines Street 96 by I-Health Medical Holdings in January has led to discussions online about rental fees and healthcare costs. The rental works out to over S$1,000 per sq m. NEW TENDER APPROACH He noted that MOH and HDB last month launched a new tender approach for general practitioner (GP) clinics at Bartley Beacon. In the new approach, quality of care will account for 70 per cent of the tender evaluation, and rental will make up 30 per cent. The unit is about 100 sq m – twice the size of normal clinics – and suited for clinics which intend to provide multi-disciplinary care and "try out new care models", he added. 'Through this Price-Quality evaluation Model (PQM), we can shift the competitive focus away from rental rates, to better care models, including preventive care, chronic disease management and mental health,' Mr Ong said. The tender for the unit at Bartley Beacon was closed on May 29. 'I understand from my MOH officers that we have received interesting proposals, with rental bid prices significantly below the Tampines site in per sqm terms. We are currently assessing the proposals,' he said. Mr Ong noted the Tampines clinic was tendered in December 2024 and awarded in March this year, before the PQM model started. 'Going forward, and given the encouraging response to the Bartley Beacon site, we will make the new PQM approach the norm, when tendering our GP clinics in our HDB heartlands,' Mr Ong said. 'It will be a meaningful shift, both in improving primary care, and ensuring greater affordability.'