SINGAPORE: Mr Ronald Ong, the chairman of Income Insurance, had recused himself from the board’s decision to appoint Morgan Stanley as the financial adviser in its deal with Allianz, said Income Insurance. The Singapore insurer issued a statement in the early hours of Saturday (Jul 27), as questions emerged the day before on a potential conflict of interest due to Mr Ong’s positions in both Income and Morgan Stanley. Mr Ong, in addition to being chairman…

Singapore

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SINGAPORE — Singapore’s economy was boosted by a “surge in tourism activity” in the first quarter of 2024 due to concerts by British rock band Coldplay and American pop star Taylor Swift, the Monetary Authority of Singapore (MAS) said on Friday (April 26). Both acts played at the 55,000-capacity National Stadium — Singapore’s largest stadium — with Coldplay’s…

“JUST A BASIC FACT” The resurfaced 2021 clip shows Vance, then a US Senate candidate from Ohio, telling Fox’s Tucker Carlson that the US was being run by “a bunch of childless cat ladies who are miserable at their own lives and the choices that they’ve made and so they…

Business

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Making leveraged bets on Nvidia is likely to get much riskier if Wall Street’s tech-led selloff continues.Exchange-traded funds (ETFs) designed to magnify the daily moves in the chipmaker’s shares by as much as two times have been a popular vehicle for investors seeking to jump on the stock’s meteoric rise…

Lifestyle

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Electric vehicles (EVs) are rapidly gaining popularity. While the more affordable models deliver value and economy, they often fall short in driver engagement and style. On the other hand, EVs that excel in these areas tend to come with a higher price tag. Soon, buyers in Singapore will no longer…