Singapore ‘prepared in principle’ to recognise a Palestinian state that rejects terrorism, accepts Israel’s right to exist

STUDY VISITS, SCHOLARSHIPS

To that end, Singapore will continue to tap the S$10 million (US$7.4 million) Enhanced Technical Assistance Package to help the Palestinian Authority build capacity and prepare for eventual statehood, said Dr Balakrishnan.

Palestinian officials will be in Singapore from Jul 8 to Jul 12 for a study visit on using artificial intelligence in the public service.

Singapore has hosted Palestinians delegations for 18 study visits over the years on topics including urban planning and development, and public finance and fiscal policy.

More than 750 officials have also been trained in areas like diplomacy, water management and economic development, said Dr Balakrishnan. 

Postgraduate scholarships have also been disbursed to 13 Palestinian officials to study at the Nanyang Technological University and the National University of Singapore.

Science, Technology, Engineering and Mathematics courses were included in the programmes offered under the assistance package in response to feedback that Palestinian officials were interested in them as they can better support development. 

The Enhanced Technical Assistance Package was first presented in 2013, and the amount was doubled to S$10 million in 2016.

“We hope that these training opportunities will help Palestinian Authority officials better serve the Palestinian people, as well as equip them with the necessary skills when it comes to the eventual reconstruction of Gaza,” said Dr Balakrishnan.

With regard to a question on training Palestinian officials to aid the reconstruction of Gaza, the minister said Singapore will assess how best to assist bilaterally.

“We stand ready to contribute, taking into account Gaza’s needs and an account of our own resources and expertise, but clearly all this can only take effect when the fighting ceases,” he said. “For now, the focus has to be on securing an immediate humanitarian ceasefire in Gaza and the release of all hostages immediately.”

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Zhang Zhijie: Chinese teen badminton player’s death sparks outcry

The death of a Chinese teenage badminton player who collapsed on court has sparked an outcry across Chinese social media.

Zhang Zhijie, 17, was competing in a youth match when he suddenly fell to the floor in convulsions. He was later pronounced dead at a hospital.

Footage of the incident, shared widely online, showed a pause of about 40 seconds before medics rushed to attend to Zhang.

Officials have come under intense criticism and questions on whether his life could have been saved by quicker medical intervention.

Indonesia’s badminton association PBSI later said he had suffered a sudden cardiac arrest.

The Badminton Asia Junior Championships match had taken place in the Indonesian city of Yogyakarta on Sunday, with Zhang playing against Kazuma Kawano of Japan.

After Zhang collapses, a man is seen running to help him, but he stops in his tracks and appears to look off court for further instruction.

A PBSI spokesman later told reporters that medical teams had to follow a rule where they needed the referee’s permission before entering the court.

“That is in accordance with the regulations and standards of procedure that applies to every international badminton tournament,” he said.

Badminton Asia, the regional arm of the sport’s governing body Badminton World Federation, also said Zhang was taken to an ambulance within two minutes.

PBSI is now planning to ask the federation to re-evaluate this rule so it can be “more situational, for actions to be taken more quickly so that athletes can be saved if there is a similar case in the future”.

Other professional sports bodies, such as the UK’s Football Association, have a similar rule.

But on Chinese users of social media platform Weibo, there was an outpouring of anger, with many widely condemning the rule.

“Which is more important – the rules or someone’s life?” said a comment which was liked by thousands.

“Did they miss the ‘golden period’ to rescue him?” read another comment under a hashtag on Zhang’s death, which has been a trending topic on Weibo for days.

Others called for the Badminton World Federation to “overhaul” the rules, with one saying: “Why do we need permission when lives are at stake?”

Chinese state media outlet Xinhua published a commentary on Tuesday morning saying the incident “raised critical questions” about emergency response procedures at sports events.

“Regardless of how rules are formulated or how referees officiate, prioritising life should always be the highest rule on the playing field,” it said.

Zhang had been hailed as a rising star in the sport, and his death has prompted several tributes and condolences.

Badminton Asia said they were “immensely saddened” and added that “the world of badminton has lost a talented player”.

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Man charged with pushing man into Singapore River near Clarke Quay, causing him to drown

SINGAPORE: A man allegedly pushed another man such that the latter fell backwards, hit the back of his head and fell into the Singapore River off Clarke Quay where he drowned.

Legha Pawan, a 21-year-old Indian national, was charged on Tuesday (Jul 2) with a rash act causing death, not amounting to culpable homicide.

According to the charge sheet, Legha pushed Mr Jasbir Singh, 33, on his chest at about 10.15pm on Sunday. 

This was at the riverside in front of Merchant Court and Clarke Quay Central Mall.

As a result, Mr Singh fell backwards and hit the back of his head on the edge of the steps leading to the river.

He fell into the river and drowned.

In an earlier statement, the police said they received a call for help for a man who had fallen into the river that night.

Divers from the Singapore Civil Defence Force’s Disaster Assistance and Rescue Team (DART) were deployed to perform an underwater search.

Mr Singh’s body was retrieved from the waters and he was pronounced dead at the scene.

The police identified Legha with the help of police cameras and closed-circuit television camera footage and arrested him.

He was remanded for investigations after being charged.

If convicted of causing death by a rash act, Legha could be jailed for up to five years, fined, or both.

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Matriarch of family who abused ‘slave’ nearly to death and chained her to toilet, jailed

SINGAPORE: The matriarch of a family that abused an intellectually disabled woman they turned into their slave was sentenced to 17 years and 10 months’ jail on Tuesday (Jul 2).

Hasmah Sulong, 73, is the last of several family members to be sentenced in a case that dragged for years and almost went to trial. When her jail term was read out, a woman in the public gallery began sobbing.

The victim, who was 27 at the time of the abuse, initially sought refuge with Hasmah’s family after running away from home but was soon turned into the family’s slave after angering one of Hasmah’s daughters.

Over one-and-a-half years from mid-2016, the victim was tortured by Hasmah and her two daughters, Hasniza and Haslinda Ismail.

Haslinda alleged that the victim had made a sexual advance towards her husband.

The women fractured one of the victim’s toes, knocked out her teeth and splashed hot water on her.

Despite the victim suffering burn injuries, blisters and incontinence, the family did not get medical help for her, instead applying Dettol and cream on her wounds.

When Haslinda accused the victim of stealing, Hasmah chained her up. She also instructed one of her sons to affix a metal plate with a hook to a wall to secure her position.

The victim was in that position between eight and 12 hours daily and had to sweep and mop the house before she was allowed to eat breakfast.

She was also taken to Malaysia to clean a house there, where Haslinda splashed hot oil on her.

The victim was later moved and chained to the toilet bowl because she lost control of her bowels.

She began oozing dark liquid from her mouth and nose in January 2018 and a stench emanated from her body, with pus coming from her wounds.

She was finally taken to hospital via an ambulance in early 2018 in a dangerously ill state and was not expected to survive the next day, as she had pneumonia and sepsis from her wounds.

She was revived after eight hours of resuscitation in the Emergency Department and discharged more than three months after admission, but suffers permanent injuries to this day – including 10 missing teeth, permanent vision issues in her right eye and a deformed ear.

She was examined at the Institute of Mental Health and found to have mild intellectual disability that would have affected her ability to seek help.

LESS RESISTANCE TO TORTURE THAN A CHILD

Deputy Public Prosecutor Ng Jun Chong said the victim just “sat there” and allowed her toes to be twisted by the women.

“A child could have perhaps offered more resistance,” he said.

Mr Chong, along with fellow prosecutors Mr Han Ming Kuang and Ms Grace Chua, sought 17 to 19 years’ jail for Hasmah.

Hasmah pleaded guilty to five charges related to the abuse, with several others taken into consideration.

Defence lawyer Amarick Gill asked for 15 years instead, asking the court to consider his client’s age and plea of guilt.

He kept his mitigation brief and said the plea of guilt had spared the traumatised victim “what would have been a significant cross-examination”.

The plea has also saved the court time, as well as the time of the 49 prosecution witnesses who were set to testify.

The lawyer acknowledged the “horrors” descended on the victim by Hasmah and her family members and said he had not stated anything in his mitigation plea to slight the victim or even go into “whatever allegedly transpired to start this ruckus”.

“Hasmah apologises to the victim, both for what she has done, and also what her children have done,” said the lawyer.

He told the judge that her sentencing would bring closure to Hasmah, her family as well as the victim.

The prosecution did not seek a compensation order, saying Hasmah has been unemployed for some time and does not appear to have the financial means to make compensation.

Justice Valerie Thean said the offences were “really horrific”, with the family forcing the victim into servitude and leaving her with permanent and serious injuries.

“I have taken into account that the accused is 73. If not for her age, given the overall seriousness of this … I would have made more offences run consecutively, and the total sentence would be more than 20 years,” said Justice Thean.

She allowed Hasmah to see her family before being taken to jail.

Hasmah’s jail term is the longest of all her family members involved.

In 2021, Haslinda received eight-and-a-half years’ jail for her involvement, while Hasniza was given three years.

Their brothers, Muhammad Iskandar Ismail and Muhammad Iski Ismail, who had lesser roles in the abuse, received eight months and about three months’ jail respectively.

Haslinda’s husband was given three weeks’ jail in 2020 for slapping the victim’s face on his wife’s instruction.

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South Korean rapper and Earth Arcade star Lee Young-ji returning to Singapore this October

Popular South Korean rapper and variety star Lee Young-ji is returning to Singapore on Oct 19 – a year after her last concert here. Titled All Or Nothing, the upcoming concert marks Lee’s first-ever world tour which will see her visiting the US, Taiwan and more.

Lee first caught the eye of the public in 2019 after becoming the winner of the third season of the survival hip-hop TV show High School Rapper. Over the years, she has become one of South Korea’s top personalities, following appearances in multiple variety TV programmes such as Running Man.

In 2022, she gained further popularity after being a cast member of the hit variety show Earth Arcade, alongside IVE member Yujin, Oh My Girl’s Mimi and comedienne Lee Eun-ji.

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BlackRock tasks Yik Ley Chan to lead SEA private credit as demand increases | FinanceAsia

Global investment giant BlackRock has appointed Yik Ley Chan to lead the firm’s private credit team in an expanded remit for Southeast Asia (SEA). 

Chan (pictured) will be based in Singapore and will become responsible for the origination and execution of private credit investments. The appointment takes effect next month in July, according to a company media release. He will also join the firm’s Asia Pacific (Apac) private credit leadership team. 

Chan has 16 years’ experience in financial services, of which more than 13 years were spent on structuring private credit and financing solutions. He was most recently Asia head of private credit at Jefferies, where he oversaw markets in SEA including Singapore, Malaysia, Vietnam, Indonesia and the Philippines. Yik Ley previously played a senior structurer role for Credit Suisse, covering SEA and frontier markets.

BlackRock’s global private debt platform manages $85 billion across the asset class. The global private debt team has over 200 investment professionals in over 18 cities globally as of December 2023.

BlackRock’s Apac private credit platform currently invests in opportunities throughout Australasia, South Korea, Japan, Greater China, India, and SEA.

Celia Yan, head of Apac private credit, BlackRock, said in the release: “SEA is an exciting region offering promising opportunities for private credit, as corporates look for ways to finance transformation beyond traditional avenues. Yik Ley’s wealth of investment experience and local insights will be of immense value to our clients, while strengthening our investment capabilities throughout developed and emerging markets in Apac.”

Deborah Ho, country head of Singapore and head of SEA, BlackRock, added: “Client demand for private markets investments has increased dramatically – a trend we believe is here to stay.”

For more FinanceAsia people moves click here


¬ Haymarket Media Limited. All rights reserved.

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Fatima Payman: How a Gaza ‘stunt’ divided Australia’s parliament

9 minutes ago

By Hannah RitchieBBC News, Sydney

Getty Images Fatima PaymanGetty Images

When Fatima Payman crossed the Senate floor to vote against her government she knew it would come with consequences.

The Australian Labor party has strict penalties for those who undermine its collective positions, and acts of defiance can lead to expulsion – a precedent with a 130-year history.

The last time one of its politicians tested the waters while in power was before Ms Payman was born.

But last Tuesday, the 29-year-old did just that – joining the Green party and independent senators to support a motion on Palestinian statehood.

Officially the Australian government supports a two-state solution, but did not back the motion after trying – and failing – to insert a condition that any recognition should be “as part of a peace process”.

Within hours, Ms Payman had been temporarily suspended from her party room, by the end of the week it would become indefinite – after she publicly vowed to cross the floor again if given the opportunity.

“By her own actions and statements, Senator Payman has placed herself outside the privilege that comes with participating in the federal parliamentary Labor Party caucus,” a government spokesperson said.

Prime Minister and Labor leader Anthony Albanese was more concise: “No individual is bigger than the team.”

On Monday, Ms Payman responded by saying she had been “exiled” – explaining that she had been removed from caucus meetings, group chats and all committees.

The dismissal of the senator, elected in what was billed as Australia’s most diverse parliament to date, has drawn a mixed response and raised questions – mainly, whether it’s practical or fair for politicians to toe the line on issues affecting their communities.

Getty Images Protesters hold banners and flagsGetty Images

Each step ‘felt like a mile’

Ms Payman stands out in Australia’s parliament.

The first and only hijab-wearing federal politician, she has been described as the embodiment of some of the nation’s most marginalised: a young woman, a migrant, a Muslim.

She recounted crossing the Senate floor as “the most difficult decision” of her political career, adding that each step of her short walk had “felt like a mile”.

However, the 29-year-old said she was “proud” of what she had done, and “bitterly disappointed” others hadn’t followed.

“I walked with my Muslim brothers and sisters who told me they have felt unheard for far too long,” she said.

The Israeli military launched a campaign to destroy the Hamas group which runs Gaza in response to an unprecedented Hamas-led attack on southern Israel on 7 October, during which about 1,200 people were killed and 251 others were taken hostage.

More than 37,900 people have been killed in Gaza since then, including 23 over the past 24 hours, according to the territory’s Hamas-run health ministry.

This has become a volatile political issue in Australia that all sides have sought to carefully manage.

As has been the case in countless other countries, there have been protests from both Jewish and Muslim communities, as well as a sharp uptick in Islamophobia and antisemitism.

Getty Images Environment Minister Tanya Plibersek gave Ms Payman a hug on MondayGetty Images

The senator’s move has drawn both praise and criticism.

Anne Aly – who became the first Muslim woman to be elected in Australia’s parliament in 2016 – and has been a fierce advocate for an end to the conflict in Gaza, said she disagreed with Ms Payman’s approach.

“I choose to do things in a way I think will make a material difference on the ground. Fatima chooses to do it her way,” she told news outlet the ABC.

But Josh Burns – a Jewish Labor MP from Melbourne – who has a different world view from Ms Payman when it comes to issues such as Palestinian statehood, has been one of her biggest supporters.

“Parliamentarians come from different communities and backgrounds, and trying to balance all those perspectives isn’t easy, but we must be an example to the Australian community about how to debate difficult issues respectfully.”

The nation’s Islamic bodies have also issued a joint statement describing Ms Payman’s actions as “courageous” and calling on the Labor party to “echo the voices of the people it represents”.

“Political calculations and attempts to walk both sides have devastating consequences in Palestine and will ultimately end in failure,” it read.

But Mr Albanese called the resolution a “stunt”, adding: “We need actually real solutions… this stunt from the Greens was designed to put Fatima Payman in a difficult position. It was designed to do that.”

Mr Albanese’s penalty against Ms Payman has been more lenient than the complete expulsion that party rules require.

And he’s left the door open for her to re-enter the fold if she’s willing to change course: “Fatima Payman is welcome to return to participating in the team if she accepts she’s a member of it,” he said in an interview on Monday.

‘Not a token representative’

Australian politicians have voted against their own beliefs to fall in line with party politics before.

Queer MPs – including current Foreign Minister Penny Wong – felt a similar conflict in the Labor caucus back in the days when it officially opposed gay marriage.

It’s an issue that has opened Ms Wong up to personal attacks, but she’s remained adamant that quiet advocacy from within the party – rather than public criticism – is the preferred route.

And she says it was a decade of doing just that which saw same-sex marriage legalised.

“Even when we disagree, we have those arguments internally, as you saw over many years in the marriage equality debate. That’s what I did, and I think that’s the right way to go about it,” she told the ABC.

But when asked whether she should have followed precedent, Ms Payman said: “It took 10 years to legislate same-sex marriage… These Palestinians do not have 10 years.”

Getty Images Anthony Albanese and Penny WongGetty Images

The contrasting approaches represent the changing demands of the Australian public, according to Kos Samaras – one of the nation’s leading pollsters.

He says a growing cohort of young, multicultural voters are increasingly aligning themselves with politicians who aren’t afraid to take a stance on causes their constituents are “passionate about”.

He also argues that migrant communities are no longer willing to accept political messaging that effectively urges them to “keep their head down”.

“Australia has had a terrible history, whether from a societal perspective or political parties – that whenever someone from a diverse background expresses their view, overwhelmingly they’re told to pull their head in.”

“That’s a formula that kind of works when a new group of people migrate to a country and want to keep a low profile as they’re establishing a new life – it’s not going to work with those migrant’s kids. And that’s exactly who we’re talking about.

“These are people who have grown up in a country that has often made them feel like outsiders, and they’re no longer prepared to keep silent,” he adds, noting recent polling from his team which found that many young Australian-Muslim women feel they lack a political voice.

A refugee whose family fled Afghanistan after it fell to the Taliban in 1996, it’s a sentiment that Ms Payman says guides her politics.

“I was not elected as a token representative of diversity,” she said after her temporary suspension last week.

“I was elected to serve the people of Western Australia and uphold the values instilled in me by my late father.”

Ms Payman says that she believes the government is freezing her out to “intimidate” her into resigning.

But Mr Albanese is adamant that his decision is the right one, while emphasising that it is not about Ms Payman’s “policy position” but rather, her decision to “undermine” her party.

For the time being at least, the young lawmaker has vowed to “abstain from voting on Senate matters… unless a matter of conscience arises where I’ll uphold the true values and principles of the Labor Party.”

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Content creator awards The Pinwheels returns, up to S,000 in production grants up for grabs

This year’s competition will feature 10 categories, including the brand-new Most Artistic Video category:

  1. Best Collaboration Video
  2. Best Drama (Scripted) Video
  3. Best Lifestyle Video
  4. Best Newcomer
  5. Best Non-Fiction (Non-Scripted) Video
  6. Most Artistic Video
  7. Most Innovative Video
  8. Most Social Good Video
  9. Content Of The Year
  10. Content Creator Of The Year

The Best Newcomer and Content Of The Year awardees stand to win a S$5,000 production grant, while the winner of Content Creator Of The Year will take home a S$10,000 production grant.

To get in on this, applicants will have to be creators who are Singaporean or Singapore permanent residents.

Interested applicants for all categories (except for Content Creator Of The Year whose finalists and eventual winner will be selected by Mediacorp) will have until 11:59pm on Jul 28 to submit their entries via this form. Do note that submitted videos must have been produced in Singapore for the Singapore market and uploaded on any social media platform from Nov 1, 2022 to May 15, 2024.

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Money Talks Podcast – Invest 101: Do dividend stocks always give returns?

Here’s an extract from the radio: &nbsp,

Andrea Heng:
But when I invest in a payout stock, I may expect some returns. So when is quick for income owners, and how are they paid out?
 
Abel Lim:
Okay it varies, suddenly from company to company, business to business as well. So dividends may come in the form of monthly, half- every, or even annually. Therefore, it really depends on the board of directors and their standard operations within the given business. But, in general, we see businesses basically pay out on an annual basis, and this money is usually done in several ways. It can be in the form of money, so it’s a strong credit into your profile. Likewise, you can be paid via more stock. And if you’re paid more stock, you can possibly sell those stocks for income or for the long term investment, spend it. So the best way, if you have a long term sky, spend the funds. You really summon the seventh wonder of the world when you reinvest the money.

Andrea Heng:
The seventh wonder of the world? Show me more. &nbsp,

Abel Lim:
The seventh wonder of the world is the power of compounding. But when you reinvest your income, you reinvest the shares in the company, creating two streams of income: the dividend payment and natural earnings. But because of the truth that you are reinvesting it, you’re earning attention upon that curiosity, or dividend upon income.

Andrea Heng:
Therefore, having it stack on top of each other to maximize your profits is really a wise idea… But can a business decide to reduce dividends or, in some cases, even no pay out at all?

Abel Lim:
Well, a company can do that. It’s within their control. However, it’s typically a pretty bad sign that a business is n’t doing particularly well when it chooses to reduce or cut its dividends. There are some difficulties that they are acquiring sufficient resources to overcome, and they are typically not ( an ) ideal situation for a company to be in. When a company reduces or stops its dividends, the news that enters the sector or the markets is typically rather bad. That’s also one of the causes of the controlled nature of many of these earnings in the beginning to prevent sending the wrong message. &nbsp,

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Revolut’s revenue nearly doubles, net profit soars in 2023 as customer base grows

SINGAPORE: Global fintech firm Revolut reported a record profit of US$ 545 million ( S$ 739 million ), with revenue almost doubling to US$ 2.2 billion in 2023, the company announced on Tuesday ( Jul 2 ).

Net income for last year soared to US$ 428 million, a hefty 6, 000 per cent increase from the US$ 7 million it made in 2022. &nbsp,

Revolut operates a mega- money e- budget for bills and payments. Users may even trade stocks, swap- traded money, commodities and crypto.

Victor Stinga, the company’s chief financial officer, told CNA in an interview on Monday that the company’s top three drivers of profits were sturdy product performance, strong consumer growth, and improved interest earnings.

In terms of revenue, gross margin – the percentage of a bank’s income that remains after strong expenses are subtracted – increased from 70 per cent to 76 per share.

” We usually exercise what we call a zero- base budget beliefs, so we need to support every one expense”, said Mr Stinga.

Excluding the cost of advertising and marketing, bills increased simply by 29 per cent last season– compared with a 95 per cent increase in revenue, he said. &nbsp,

We think that the efficiency of this business can grow quickly without reducing your cost base is what we mean, he continued.

The boost in travel after the COVID- 19 pandemic increased demand for Revolut’s services in Singapore, said Mr Matt Baxby, the company’s Asia- Pacific CEO.

” Following the pandemic, 2023 saw a strong rebound in travel worldwide. Revolut’s cross- border transaction data shows that Singaporeans not only travelled frequently in 2023, but also to many different destinations”, he said.

According to the International Air Transport Association, air traffic last year reached 94.1 per cent of pre- pandemic levels.

Last year, another multi- currency e- wallet operator, YouTrip, said travel propelled its growth after the pandemic.

GROWING NUMBER OF CUSTOMERS

Revolut had 45 million customers globally as of June, the company announced. Of these, 7 million started using its products this year.

For the full year of 2023, Revolut added 12 million customers.

In a press release, the company stated that it is on track to reach 50 million customers by the year’s end.

From 2022 onward, there will be a rise in monthly active users, with a nearly 77 % increase in the number of Revolut customers in Singapore. &nbsp,

More than half of Singapore’s users are between the ages of 18 and 34. The biggest growth in users is among 18- to 24- year- olds.

Revolut said it has “more than hundreds of thousands of users” in Singapore, but it would not disclose the exact number of customers it had.

YouTrip claimed to have more than a million users in Singapore and that it saw a 68 % increase in users between 2023 and 2024.

Wise, another multi- currency e- wallet operator, said its local customer base grew 30 per cent year- on- year.

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