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Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Saturday, December 5, 2020

'Don't know if I'll ever fly again': Pilots, aircrew in Malaysia turn entrepreneurs to tide over COVID-19 - CNA

KUALA LUMPUR: It has been months since Naeem Nassir was terminated from Oman Air in July, and the 30-year-old pilot still longs for the adrenaline rush and glamour of his previous work. 

His job of two years was quite different from the traditional deskbound nine-to-five. The senior first officer counted frequent international travel, an above average income and an office above the clouds as some of its perks.

For now, taking to the skies is out of reach for Naeem and hundreds of his pilot and flight attendant colleagues in Malaysia who have been grounded or sacked as COVID-19 pandemic has decimated the air travel industry.

The tail of a Malaysia Airlines aircraft is pictured at Kuala Lumpur International Airport
The tail of a Malaysia Airlines aircraft is pictured on the tarmac at Kuala Lumpur International Airport in Sepang on Sep 7, 2020. (Photo: AFP/Mohd Rasfan)

Over the last few months, two major airlines in Malaysia, Malindo Air and AirAsia, have confirmed that there have been layoffs while national carrier Malaysia Airlines has implemented cost-cutting measures such as unpaid leave and pay cuts.

Some of those impacted have turned to entrepreneurship to earn a living, kick-starting businesses in the hope that they yield returns. 

FORMER PILOT’S BURGER VENTURE WHICH HAS TAKEN OFF

Naeem, for instance, has swapped out his aviator hat and smart uniform for dirty aprons and grimy gloves at his new venture, Smashed Burger.

The outlet, located in Bukit Jelutong, Selangor, sells Australian beef patty burgers with toppings such as caramelised onions and beef bacon, for the relatively cheap price of around RM10 (US$2.46).

While flipping burgers may sound less complicated than flying a commercial aircraft, Naeem acknowledged that the transition has been “very drastic”.  

READ: Malaysia says aviation firms may need three years to recover from COVID-19

“I went from sitting down in an air-conditioned cockpit, managing switches and flying the plane, and being served food by cabin crew, to working this burger business.

“I found myself standing for hours beside a hot grill late into the night and engaging directly with customers with different expectations. It’s a drastic change,” he added.

Naeem opened Smashed Burger because he was inspired by the burgers he had tried when he flew to Muscat, Oman.

Smahsed Burger Selangor
A Smashed Burger contains smashed beef patty, special sauce, melted cheese, caramalised onions and lettuce. (Photo: Instagram/smashed.my) 

“There were two kinds of burgers in Oman which I crave for. The first is like those at Shake Shack, so I went to Google their recipes. The second type is 'burger bakar' or burger patties grilled on charcoal grill.”

Fortunately for him, Smashed Burger has been a huge hit among locals in Selangor. Ever since food blogs and local media have reported on the venture, Naeem’s burgers have been selling out almost daily this week, and he has been forced to apologise to his customers, urging them not to travel to his stall and end up disappointed.

“We are thankful… we never expected the business to go viral. The business was initially run just by me and my wife, but now my parents are helping out too,” he added.

FORMER PILOT OPENS HOME-BASED FOOD BUSINESS

Another pilot who has pivoted to a food business is Syed Meerah, a former Malindo Air employee who was sacked in October.

The 33-year-old captain said he was shocked at first, but after discussing with his partner, he decided to take the plunge into a home-based food business.

“After I was retrenched, my girlfriend suggested that I do something that I like – and I love to cook. So I decided to cook for my friends, ask them to review, and after I got good feedback, I decided to go all out,” said Syed.

Grounded chef
Syed Meerah runs Grounded Chef with his former colleague Hazrin Naemran. (Photo: Instagram/groundedchef) 

Syed runs a food delivery service – dubbed Grounded Chef – that serves up mamak-style dishes that have a Peranakan twist such as devil curry chicken and chicken perattal. He works alongside his former colleague from Malindo Air, a flight attendant, who helps him with the deliveries.

“My cooking style was initially just Indian Muslim, mamak cooking. Then after I introduced Nyonya style, which is more sour-based with asam and belacan, that became my signature,” said Syed.

grounded chef
Grounded Chef serves, among others, devil's chicken curry and house special teh tarik. (Photo: Instagram/groundedchef) 

“I used to travel to India a lot for work and over there I learnt about spices, local delicacies and style and I try to implement these in my cooking,” he added.

He cited how he learnt to make a special omelette by adding more milk to make it fluffier, a tip he picked up in Amritsar, a city in north India. 

FLIGHT ATTENDANT STARTS FISH BREEDING VENTURE

Besides food businesses, there are grounded Malaysians from the aviation industry who have opened other ventures. For instance, a flight attendant with AirAsia, who wanted to be known only as Don, told CNA that he has opened a business breeding fighting fish.

Don said that he is still employed by AirAsia, but as the number of flights have dried up, his opportunities for work have dwindled and so has his flight allowance. He flies once a month, if he is lucky.

Fighting fish farm Malaysia
Don is breeding fighting fish in his home. They take around five months to mature before they can be sold. (Photo courtesy of Don) 

“The last time I flew was around two months ago, and frankly, I don’t know if I’ll ever fly again,” said Don. 

He recalled how earlier this year, he and his AirAsia colleagues had heard rumours of upcoming retrenchment exercises.

“Typically we hear that it would most likely happen within 24 hours, and those nights, we all had trouble sleeping.” 

He then decided that he needed some financial security and invested his life savings of around RM17,000 to start a fish farm in his home to breed colourful betta fighting fish, which can be sold for up to RM1,000 each.

fighting fish malaysia
Don enjoys breeding fighting fish but he finds the work required to frequently clean their tanks cumbersome. (Photo courtesy of Don)

“I started out with just two fish, but now I’ve got thousands of them. I made mistakes, but learnt from watching YouTube videos and got suggestions from old-time breeders,” added Don.

To further supplement his income, Don also opened a roadside stall called Popiah World selling fried popiah. He said the stall’s unique selling point is the variety of fillings customers can choose to have in their popiah, including carbonara, spicy beef and chicken with special sauce. 

Catfish, betta and flower horn: How COVID-19 spawned interest in fish keeping among Indonesians

However, he has learnt that running two businesses is “tiring”, especially the fish business, which has taken up a lot of his time and energy.

“Breeding fishes is not my specialty. I love animals, so I enjoy it but it’s exhausting to change the water in the containers every 3 days and I have no money to hire an assistant. It also takes five months to breed the fishes until they’re mature and ready to be sold. This requires patience before I would see any returns on my investment,” added Don.

“THE HIGHER YOU ARE, THE HARDER YOU FALL”

While Naeem, Syed and Don’s businesses have had varying degrees of success so far, all three are in agreement that the income they are grinding out pales in comparison with what they were earning while flying pre-COVID-19.

Naeem said that as a pilot with Oman Air, he was earning a “five-figure salary” and although his Smashed Burger venture has been popular, he still has been forced to tone down his lifestyle.

“I was blessed with a good salary. I bought a house. I now own two properties and my (loan) commitments are very, very high,” said Naeem. “It’s been a big change.”

Syed concurred, explaining how his spending power has diminished now that he is relying on his home-based business for income.

“As the saying goes – the higher you are, the harder you fall,” said Syed. “This whole episode has been a wake-up call for all of us,” he said. “At the moment, it’s about getting through the day.”

READ: Malaysia's budget for 2021 is its biggest ever. Will it cushion the impact of COVID-19?

He was grateful that the government has extended the bank loan moratorium for Malaysians who have been retrenched as a result of COVID-19.

“It helps a lot but when the moratorium ends, the problem arises again. These current businesses opened by pilots and flight attendants won’t be able to sustain unless the moratorium is extended further,” said Syed.

“We have car and house loans which need to be serviced as well and we would appreciate more help from the government. Other than the moratorium, there has been no other forms of financial aid,” he added.

Meanwhile for Don, he still draws a basic salary as he is still employed with AirAsia, but it is a fraction of what he was earning in 2019 when he was flying more often.

“My wife’s income has been reduced by 30 per cent. The banks have approved our moratorium request for our home loan, but not for my car and motorbike,” said Don.

“So there’s nothing else I can do but try my best to cover the costs,” he added.

WAITING TO FLY AGAIN

While their businesses have been a refreshing change, all three told CNA they are keen to return to work with their airlines. 

Syed said: “I’m waiting to get back in the air, that’s about it. This (business) is something to tide me over.” 

However, he acknowledged if he were to return to flying full time, he would miss his “fun cooking business” and the conversations he has with his customers. 

“The only (main difference) is the money, always the money,” said Syed. “I can’t earn whatever I earned flying from my business, and I have (financial) commitments.”

FILE PHOTO: AirAsia planes are seen parked at Kuala Lumpur International Airport 2, during the move
AirAsia planes are seen parked at Kuala Lumpur International Airport 2 in Sepang, Malaysia, Apr 14, 2020. (File photo: REUTERS/Lim Huey Teng)

Naeem said that it has always been his ambition to both be a pilot and also own a food and beverage business, and he is hopeful that he can follow both dreams once the flying industry has returned to normal. 

“Perhaps it has been a blessing in disguise that I got laid off, so that I can chase this dream,” said Naeem. 

“If I were to start flying again, I would love to continue this business because I believe in sharing good quality food for everyone to enjoy. Hopefully this business can grow further again,” he added. 

READ: 30% of Malaysians expected to be vaccinated against COVID-19 next year, says PM Muhyiddin

Don, the flight attendant, is hopeful that the air travel industry will soar again in the near future. He noted that there are plans to bring in the COVID-19 vaccine and he is optimistic it will inspire confidence in Malaysians to resume flying. 

“I hope AirAsia will recover and passengers will no longer be afraid to travel. If I’m working, at least I’m assured of a salary,” said Don. 

“I don’t mind flying even with the precautions in place. I wear the PPE (personal protective equipment) while flying and ensure I take a shower at the airport after every flight,” he added. 

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Ant, Grab's venture and Sea to usher in Singapore digital banking - AsiaOne

SINGAPORE - Southeast Asian ride-hailing firm Grab’s venture with Singtel and internet platform company Sea Ltd have each won licences to run Singapore’s first digital banks, in the city-state’s biggest banking shakeup in two decades.

Singapore’s move to herald newer players including Alibaba Group affiliate Ant Group and a consortium comprising China’s Greenland Financial Holding Group comes as Asian regulators tap tech firms to shake up their often staid markets.

Singapore’s criteria, which included local control and S$1.5 billion in paid-up capital for full digital banking, was stricter than its main financial rival Hong Kong, which has issued eight digital licences.

“Digital banks will need to contend with an uncertain economic environment, low interest rates and competitive responses from the incumbent banks and other financial services players,” said Wong Nai Seng, a partner at Deloitte, who worked at Singapore’s central bank for 17 years.

The Monetary Authority of Singapore (MAS) expects the digital banks to start operating from early 2022 after meeting the necessary pre-conditions of Singapore, one of the world’s top financial centres, and Southeast’s main hub.

 

“We expect them to thrive alongside the incumbent banks and raise the industry’s bar in delivering quality financial services, particularly for currently underserved businesses and individuals,” said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

MAS, the central bank, had previously shortlisted 14 of 21 applications received by Dec. 31 last year.

Analysts say the development is unlikely to seriously impact incumbents DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank which have already invested heavily in technology.

The licensees could use the opportunity as a step towards expanding into larger Southeast Asian markets.

SOUTHEAST ASIAN TECH TITANS

Grab’s venture and Sea won digital full bank licences. This allows them to take deposits and offer services to both retail and corporate customers in a country where most of its 5.7 million population already have bank accounts.

Their operations will initially be restricted as they build up business models and processes before gradually becoming fully functional.

Grab, Southeast Asia’s most valued start-up at over $15 billion which is backed by Softbank Group Corp, will hold 60per cent in its venture with Singtel. Grab has evolved from a food delivery app operator into a one-stop shop for ride-hailing, food delivery, payments and insurance.

At a virtual media briefing on Friday, both firms said the consortium would add about 200 roles by end-2021.

“Singapore is a gateway to Southeast Asia. Today’s winners will also look to seek upcoming digital bank licenses in Malaysia and Philippines to create regional powerhouses for bringing fintech and lifestyle together,” said Varun Mittal, head of emerging markets fintech business at consultancy EY.

Shares of U.S.-listed Sea, which is involved in e-commerce, online gaming and digital payments, rose 5.6per cent on Friday. Founded in 2009 by Chinese-born entrepreneur Forrest Li, who became a Singapore citizen, Sea boasts a market valuation of $90 billion.

Li, Sea’s chairman and group CEO said the licence gave the firm a chance to address the “underserved” financial needs of young consumers and small and medium businesses in Singapore.

Ant and the Greenland consortium, winners of digital wholesale banking licences, can tap small and medium-sized businesses. Alibaba’s shares edged up 0.6per cent.

MAS said since the two wholesale banks are introduced as a pilot, it could give more licences later. Previously, it had flagged offering up to three wholesale licences.

It said on Friday that it had taken into account the impact of the Covid-19 pandemic on the applicants’ business plans.

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SIA, other firms look to build on existing vaccine handling capabilities - The Straits Times

SINGAPORE - Singapore Airlines is taking steps to raise the limit of dry ice it can carry per flight, so it can transport any Covid-19 vaccine on a larger scale in future.

The national carrier on Saturday (Dec 5) said it is working with vaccine manufacturers and regulators to increase the amount of dry ice that can be carried safely on its planes from 3,500kg per cargo flight now.

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German firm's super-coolers to send COVID-19 vaccines around the world - CNA

WURZBURG, Germany: At first sight, they look like regular containers. But the rectangular boxes made by German company Va-Q-Tec will in fact play a key role in keeping life-saving COVID-19 vaccines ultra cool as they are shipped across the world.

After Britain this week became the first country to approve the Pfizer/BioNTech vaccine for general use, other medical authorities around the world could in the next days or weeks decide on similar applications by a host of pharmaceutical companies developing coronavirus vaccines.

There will be an enormous logistical challenge to transport billions of doses at the right temperature across the globe, maintaining the so-called "cold chain" from a vaccine manufacturer into a patient's arm.

READ: WHO looks at e-certificates for COVID-19 vaccination

Pfizer/BioNTech's vaccine for instance, must be stored at a frigid minus 70 degrees Celsius.

The Va-Q-Tec containers will serve this purpose of keeping the vaccines cool enough, the company's founder and chief executive Joachim Kuhn the told AFP, describing them as "big thermos flasks".

In the company's factory in the Bavarian city of Wurzburg, workers were assembling panels with glue or making vacuum-packed linings.

READ: WHO reviewing Pfizer vaccine for possible emergency listing: Statement

Using a silica particle technology, the containers can maintain temperatures ranging from one similar to a fridge to polar chills for up to 10 days thanks to highly insulating material and "without the need for energy input", Kuhn said, standing in front of the cold store marked minus 70 degrees.

Even at very low temperatures, there is minimal need for dry ice, which could make transporting vaccines cheaper and easier.

LOGISTICAL CHALLENGE

Va-Q-Tec said it has an agreement to supply the super-coolers with "a leading international pharmaceutical manufacturer" of a COVID-19 vaccine, but did not name the client due to confidentiality agreements.

Many more similar announcements could follow, as the firm is involved in 30 to 40 similar projects, Kuhn said.

READ: After year-long sprint, COVID-19 vaccines finally at hand

Because of the high demand for international shipments loaded with vaccine doses, Va-Q-Tec will build more than 10,000 containers next year, Kuhn said.

The company also plans to manufacture more than 100,000 picnic-sized boxes, compared with 25,000 currently in stock.

"Our teams are prepared", while the capacities of the group's two factories - the other located in Koelleda in central Germany, will operate 24 hours a day, Kuhn said.

Some 20 airlines and ground transport companies have called on Va-Q-Tec in the logistical challenge of the COVID-19 vaccine.

GROWTH INDUSTRY

A particular problem with distributing the COVID-19 vaccine is shipments to Africa, Latin America and parts of Southeast Asia, where outdoor temperatures are high and infrastructure lacking.

Va-Q-Tec came up with a solution of a lighter container, dressed in recyclable cardboard and delivered in pieces to be assembled on site.

The product is the latest invention from the former start-up, which was launched in 2001 by Kuhn and other students from the University of Wuerzburg and the Bavarian Centre for Applied Energy Research to research space-saving insulation materials.

READ: Commentary: Great news, the first approved COVID-19 vaccine is here. But don't throw away your masks yet

The company currently has seven locations worldwide and employs 500 people, with a turnover of €65 million (US$79 million) in 2019.

Listed on the Frankfurt Stock Exchange in 2016, its capitalisation has risen in recent weeks to €500 million, still far from the billions of other German biotech firms involved in the vaccine rollout such as BioNTech and Curevac, which opted for the US Nasdaq exchange.

The thermal container market, which also counts CSafe and Sweden's Envirotainer, is growing by 10 per cent each year and Va-Q-Tec believes it can do better, having achieved a growth rate of 20 to 30 per cent over the last 10 years.

The company's thermal technology could in fact be used in top-of-the-range refrigerators, building insulation, pipe and boiler linings, and even in the aeronautics and automotive industries, which "suggests great opportunities for the company", according to Guido Hoymann, analyst at Metzler bank.

"We won't have to worry about sitting on a large fleet of unused containers" once the COVID-19 vaccination phase is over, Kuhn said.

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Foot Locker's Orchard outlet suspended for 10 days for breaching Covid-19 rules - TODAYonline

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  1. Foot Locker's Orchard outlet suspended for 10 days for breaching Covid-19 rules  TODAYonline
  2. Foot Locker's Orchard outlet ordered to close for 10 days after crowds gathered for event  The Straits Times
  3. Sneaker enthusiasts crowd Orchard Road shoe retailer in breach of Covid-19 rules  AsiaOne
  4. Probe under way after crowds gather outside Foot Locker at Orchard Gateway: STB  TODAYonline
  5. View Full coverage on Google News
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Grab-Singtel, Sea and Ant Group bag Singapore's first digital bank licences amid surprise twist - The Business Times

Singapore

FROM early 2022, four digital banks will emerge onto Singapore's banking scene. The incumbents are already sounding the battle cry as the Covid-19 crisis marks digital finance as the way forward. They will also start a new chapter in Singapore's banking liberalisation story as regulators inject diversity and innovation into the financial sector.

The Grab-Singtel consortium and consumer Internet company Sea bagged the two coveted Singapore digital full-bank licences up for grabs, in a move widely expected by industry watchers. But in a surprise twist, only two out of the three digital wholesale bank licences up for grabs were awarded by the Monetary Authority of Singapore (MAS), bringing the total number of digital banks to four altogether.

The two digital wholesale bank licences were clinched by China's Ant Group, and a consortium comprising China's Greenland Financial Holdings, Linklogis Hong Kong, and Beijing Co-operative Equity Investment Fund Management, dubbed as a dark horse by analysts.

Greenland Financial is the investment arm of Chinese real estate developer and state-owned enterprise Greenland Group. It previously stated that it intends to build a digital bank that will tap China's financial technology to serve SMEs (small and medium-sized enterprises) in Singapore.

MAS noted that the two selected digital full bank applicants were "clearly stronger" than the rest. As for the digital wholesale banks, the two that won met expectations and were "assessed to be demonstrably stronger across the criteria notwithstanding the general high quality of the eligible applicants".

When asked by The Business Times on whether US-China trade tensions or any over-concentration of Chinese applicants impacted their decision to award two digital wholesale bank licences instead of three, MAS stressed that it was "strictly merit-based".

As the digital wholesale banks are introduced as a pilot, MAS said it will review whether to grant more of such licences in the future. The final four that made the cut came from a shortlist of 14 candidates in June, with five digital full banks and nine digital wholesale banks left in the running. There were 21 applications at the start.

The digital bank results were originally slated for mid-2020 but were delayed due to Covid-19.

Anthony Tan, Grab's group CEO and co-founder, said: "With Grab and Singtel's combined experience in meeting the everyday needs of Singaporeans, as well as our deep tech expertise and data-driven insights, the digital bank will further our goal to empower more people to gain better control of their money and achieve better economic outcomes for themselves, their businesses and families." Yuen Kuan Moon, Group CEO-designate, Singtel, added that this milestone comes at a time when the pandemic has underscored the importance of digital platforms.

Former Citibank Singapore's retail banking head Charles Wong was officially appointed as CEO of the Grab-Singtel digital bank. The bank will set up a dedicated team and fill around 200 roles by end-2021.

Forrest Li, chairman and group CEO of Sea, said: "As a proudly homegrown company, we look forward to further contributing to the long-term development of our nation's digital economy, creating more employment opportunities in Singapore, and empowering our whole community to thrive in the digital era."

MAS said that successful applicants must "meet all relevant prudential requirements and licensing preconditions before MAS grants them their respective banking licences".

Ant Group said: "We look forward to building stronger and deeper collaborations with all participants in the financial services industry in Singapore, as we work together to make financial services more accessible for SMEs while supporting local talent development in the process."

The dominance of Chinese companies in the digital wholesale bank category did not come as a surprise to observers, even though the Greenland-led consortium was under the radar. This is despite Ant Group's initial public offering (IPO) that was pulled by Chinese regulators, with higher capital requirements imposed.

Meng Liu, analyst at Forrester, said: "Ant's IPO halt is actually incentivising its global expansion plan especially in the South-east Asia market. Ant has already faced intense competition from their peers in China, and their future growth really depends on their global expansion."

Ravi Menon, managing director of MAS, said that the financial regulator applied a "rigorous, merit-based process" to select a strong slate of digital banks.

"We expect them to thrive alongside the incumbent banks and raise the industry's bar in delivering quality financial services, particularly for currently underserved businesses and individuals," he said.

Digital bank contenders that failed to land a licence include a Razer-led consortium with partners such as Sheng Siong Holdings, a consortium led by Ron Sim's V3 Group and EZ-Link, and a Matchmove-led bid that includes Singapura Finance.

Others that lost out include the iFast-led consortium with China partners Yillion Group and Hande Group, an AMTD-led group consisting of peer-to-peer lending platform Funding Societies, utilities provider SP Group and Xiaomi Finance, as well as a grouping led by Sheng Ye Capital.

The digital banks were first announced by Senior Minister Tharman Shanmugaratnam in June 2019. Regulators in Asia have also warmed to the idea of having non-banks better deploy technology and data analytics to tackle financing needs that might be missed by the incumbents.

Singapore's batch of digital banks are expected to meet the needs of under-served segments in Singapore and the region, such as SMEs, startups, gig workers and millennials. They may have an edge when it comes to their tech capabilities and in skipping past legacy architecture, but incumbent banks here have also invested in digital banking and are expected to hold their own against the new entrants.

Observers concurred that the digital banks will have their work cut out as they seek to gain market share and profitability.

Wong Nai Seng, regulatory risk leader, Deloitte Southeast Asia said: "Apart from the practical challenges of building up a bank and meeting regulatory requirements, the digital banks will need to contend with an uncertain economic environment, low interest rates and competitive responses from the incumbent banks and other financial services players."

Singapore's Big Three banks welcomed the four digital banks aboard and said the move will spur the industry.

Wee Ee Cheong, deputy chairman and CEO, UOB, noted that their presence will "add to the healthy competition", especially in the area of digital innovations, for the benefit of Singapore's consumers and businesses.

OCBC's head of consumer financial services Singapore Sunny Quek noted that the digital banks are "expected to add some colour to the financial space", but face an already hyper-competitive environment.

DBS's Singapore country head Shee Tse Koon said: "We congratulate the successful applicants and welcome them to our world, where digital banking is already a reality."

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Seoul Garden in Tampines ordered to suspend operations for 10 days - The Straits Times

SINGAPORE - The Ministry of Health (MOH) has ordered Seoul Garden in Tampines Mall to suspend full operations for 10 days from Saturday (Dec 5) for failing to comply with Covid-19 safe management measures.

During the suspension, the restaurant will not be allowed to serve dine-in or takeaway customers, MOH said in a statement on Saturday.

The ministry said it started investigating upon receiving information that a 32-year-old service engineer had tested positive for Covid-19 after having dinner with 12 other family members at the restaurant on Nov 21.

"Although the family members were seated at separate tables of up to five persons per table, investigations revealed that there had been mingling among them.

"The restaurant did not take reasonable steps to prevent the intermingling between tables on its premises," said the ministry.

It added that investigations against the restaurant, as well as the 32-year-old man and his family, are ongoing.

"Further enforcement action may be taken pending the outcome of investigations," it said.

The ministry reiterated that it will not hesitate to take enforcement action against operators and individuals who fail to comply with safe distancing and safe management measures.

Under the Covid-19 (Temporary Measures) Act passed in Parliament in April, those found flouting safe management measures face a fine of up to $10,000, imprisonment of up to six months, or both. Repeat offenders can be fined up to $20,000, jailed for up to one year, or both.

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Seoul Garden at Tampines Mall closed for 10 days for failing to enforce COVID-19 measures - CNA

SINGAPORE: The Seoul Garden restaurant at Tampines Mall has been ordered to suspend full operations for 10 days for failing to ensure that COVID-19 safe management measures are kept to, the Ministry of Health (MOH) said in a news release on Saturday (Dec 5).

The ministry started investigations after a man who had dinner with 12 family members at the restaurant tested positive for the coronavirus.

"Although the family members were seated at separate tables of up to five persons per table, investigations revealed that there had been mingling among them," said MOH. "The restaurant did not take reasonable steps to prevent the intermingling between tables on its premises."

Restaurant operations, including dining in and take-away, will be suspended until Dec 14.

READ: New community COVID-19 case had dinner with 12 family members at Seoul Garden, investigations under way

The dinner involving the community case, a 32-year-old Singaporean, took place on Nov 21. 

He developed a fever and sore throat on the night of Nov 23 and his COVID-19 test came back positive on Nov 25. 

"Investigations against the restaurant, as well as Case 58401 and his family members are ongoing, and further enforcement action may be taken pending the outcome of investigations," MOH said on Saturday.

"We urge everyone to continue to exercise social responsibility, and to comply with the prevailing measures."

Anyone convicted of an offence under the COVID-19 (Temporary Measures) Act 2020 may be fined up to S$10,000, jailed for up to six months, or both. Repeat offenders face tougher penalties. 

READ: Seoul Garden at Tampines Mall closes for a day after COVID-19 case's dinner with 12 family members

The Seoul Garden outlet at Tampines Mall was closed for a day on Nov 27 for cleaning and disinfecting. 

In response to CNA's queries at the time on whether the family was allowed to dine in across several tables because they were from the same household, and if employees were trained to manage reservations or walk-in customers for big groups, general manager of Seoul Garden Group Garry Lam said: "Our restaurants do not allow group(s) of more than five persons to dine in."

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Moderna CEO confident of producing 500 million COVID-19 vaccine doses in 2021 - CNA

LONDON: Moderna will be able to produce 500 million doses of its COVID-19 vaccine in 2021, Chief Executive Officer Stéphane Bancel said on Friday (Dec 4).

The company has submitted applications seeking emergency use authorisation in the United States and the European Union after full results from a late-stage study showed the vaccine was 94.1 per cent effective with no serious safety concerns.

"For 500 million, I am very comfortable we are gonna get there (2021)," Bancel said at the Nasdaq Investor Conference.

He also said the company would be able to maintain a premium price of US$37 for its vaccine doses, although the premium is expected to fall to US$25 for big-volume supplies, such as the one to the US government.

The Food and Drug Administration is set to hold an advisory committee meeting on Dec. 17 to discuss the company's request for emergency authorisation for its COVID-19 vaccine.

Bancel said the company has seen renewed demand from many countries seeking additional doses after it reported clinical data.

Earlier on Friday, Moderna extended its contract with the Israeli health ministry to supply an additional 4 million doses of its COVID-19 vaccine candidate.

The company said on Thursday it would supply up to 125 million doses of the vaccine by the first quarter of 2021.

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Foot Locker temporarily closes Orchard outlet, no in-store events this weekend - The Straits Times

SINGAPORE - The Singapore Tourism Board (STB) has ordered Foot Locker to suspend operations for 10 days from Saturday (Dec 5) at its Orchard Gateway @ Emerald outlet for failing to comply with Covid-19 safe management measures.

“Large crowds had gathered at the outlet for a product launch on Friday, despite repeated advisories by public enforcement agencies on crowd management,” said STB in a joint statement with Enterprise Singapore on Saturday.

During the period of its suspension, Foot Locker’s Orchard outlet is not permitted to conduct physical retail activities, but may continue to carry out online retail activities. 

Investigations are still ongoing and further enforcement action may be taken, the agencies said.

STB and ESG are also engaging Foot Locker on the measures it will take for future product launches, including the potential cessation of all such physical launches at Foot Locker locations across Singapore.

They added that retail businesses are strongly advised to hold online sales, instead of organising physical product launches that may attract large crowds. 

“If physical launches are held businesses must ensure they have robust plans for safe management measures in place, including crowd management and capacity limits,” the agencies said.

On Friday night, crowds had gathered apparently for Saturday's release of the limited-edition Adidas sneaker, an item that can fetch a tidy profit on the secondary market due to high demand.

A Foot Locker spokesman told The Straits Times on Saturday that it will not be hosting any in-store events this weekend.

"We take the issues of crowding seriously and are continuing to work diligently and proactively to maintain safe distance for all of our shoppers and staff members.

"We will continue to enforce restrictions on maximum occupancy for all of our stores according to the guidelines set forth by local authorities," said the spokesman.

When ST visited the footwear store at around 10am on Saturday, there were no crowds.

Security officers were seen advising some members of the public waiting outside the store that the sneaker launch had been cancelled.


There were no crowds at the footwear store at around 10am on Dec 5, 2020. ST PHOTO: KELVIN CHNG


Security officers were seen advising some members of the public waiting outside the store on Dec 5 that the sneaker launch had been cancelled. ST PHOTO: KELVIN CHNG

On Friday, photos circulated on social media showed a crowd of around 100 people packed shoulder to shoulder outside the footwear store at about 8pm.

The crowds dispersed shortly after 8.30pm after safe distancing ambassadors and police officers arrived.

Adidas' Yeezy sneaker line, the product of a collaboration between rapper Kanye West and the sports shoe brand, drew large crowds in Singapore and abroad during past launches.

Adidas Singapore had held an online ballot for Saturday's limited release, but many sneaker aficionados who missed out appeared to have wanted to try their luck at Foot Locker, given the high resale value of the shoes.

Last June, the launch of the limited-edition Adidas Yeezy Boost 350 V created a long queue lasting many hours before the release at Foot Locker's Jewel Changi Airport outlet.

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Friday, December 4, 2020

Probe under way after crowds gather outside Foot Locker at Orchard Gateway: STB - TODAYonline

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  1. Probe under way after crowds gather outside Foot Locker at Orchard Gateway: STB  TODAYonline
  2. Sneaker enthusiasts crowd Orchard Road shoe retailer in breach of Covid-19 rules  AsiaOne
  3. View Full coverage on Google News
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Cultured meat: No-kill products may be food for the future - The Straits Times

SINGAPORE - In a world first, Singapore on Wednesday (Dec 2) approved the sale of a cultured meat product here.

The chicken bites by Californian start-up Eat Just are made by culturing animal cells in bioreactors instead of rearing animals on farms, and are not yet available for sale and consumption anywhere else.

The Singapore Food Agency (SFA) said it was allowing the cultured chicken to be sold here after its evaluations determined it to be safe.

The company would not be drawn on a timeline on when the product will be available, but the firm's chief executive Josh Tetrick told The Straits Times on Thursday that it will be soon, and at a "higher-end" restaurant.

The aim is to make cultured meat cheaper than conventionally farmed meat, he added.

Why it matters

Alternative proteins, such as cultured meat, could pave the way for more sustainable food production and better food security.

While a report on land use by the UN's climate science body last year found that plant-based diets were still associated with a lower environmental impact compared with meat-based ones, it may not be feasible to get everyone to go vegetarian.

Culturing meat could be an alternative to rearing livestock, which according to the UN's Food and Agricultural Organisation make up 14.5 percent of emissions from human activity.

Culturing meat involves taking cells from an animal (often done in a harmless way, such as through a biopsy), and then growing the cells in a nutrient broth within a bioreactor.

This process has been associated with a number of environmental benefits.

One, it reduces emissions associated with rearing livestock.

There is less need to clear forests for farms or grow crops for animal feed, and reduces methane emissions from ruminants like cows, which releases a lot of methane during digestion of their food. Methane is considered a more potent greenhouse gas than carbon dioxide over shorter time spans.

Two, culturing meat can be done in a smaller land area compared with the livestock supply chain.

Three, it allows meat to be produced without slaughter. This avoids the need to confine livestock to small spaces, and reduces the chance of diseases spreading between humans and animals.

On the food security front, cultured meat could also boost the resilience of import-dependent nations like Singapore, which sources more than 90 per cent of its food from overseas.

Eat Just has said its cultured chicken bites will be manufactured in Singapore, and Mr Tetrick told ST on Thursday that the firm aims to produce enough not just for the domestic market, but for the rest of Asia as well.

What lies ahead

The need to feed a growing global population, which could reach almost 10 billion by mid-century, is straining food production systems.

And the impacts of climate change - whether changing rainfall patterns or more frequent extreme weather events - could put further stress on food security.

These trends highlight the need for new ways of producing food, with a smaller carbon footprint.

Critics have said the environmental impact of culturing meat - an energy-intensive process - is not definitively better than rearing animals the traditional way.

Context is important. In Singapore, for instance, most energy is generated by natural gas - a cleaner fossil fuel than coal or oil. Advancements made in renewable energy systems, and scaling up production of cultured meat, could boost efficiency and lower the carbon footprint of cultured meat.

As with many new innovations, more studies are needed to assess the different impacts of cultured meat products.

The SFA has done so on the food safety front. But even as research on environmental impact continues, another hurdle remains: Consumer receptivity to eating meat made a different way.

The impact of climate change can already be felt. Consumers can help, by keeping an open mind.

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Trial of smart letterboxes to start at Clementi HDB blocks - The New Paper

Residents of Block 202 Clementi Avenue 6 will, in a fortnight's time, be notified on their mobile phones when their mail has arrived.

They will also collect their mail from a central vending machine-style unit at the foot of their block instead of their traditional letterboxes.

These Housing Board (HDB) dwellers will be the first in Singapore to take part in a year-long trial of a smart letterbox system that SingPost envisions will replace traditional units.

Called PostPal, each machine will store mail for an entire housing block, with items auto-sorted into storage slots.

Instead of using a key to unlock their designated letterbox, residents will scan a QR code generated by the SingPost app to retrieve their items from the machine.

Through the app, residents will be notified of mail delivery and the number of items awaiting collection. They can also use the app to authorise others to collect the mail on their behalf.

PostPal's features will reduce delivery mistakes as well as the postmen's workload, SingPost said yesterday when announcing the public trial.

Instead of having to sort and slot mail into individual letterboxes, postmen can load items into the machine to be sorted automatically.

Mail addressed to homes involved in the trial will be affixed with a data matrix code - similar to a QR code - that will be scanned by PostPal for sorting and notification.

The trial will start with two HDB blocks in Clementi: Residents of Block 202 Clementi Avenue 6 will begin using the system on Dec 18, while those in Block 205 will follow in the weeks ahead.

PostPal is a newer iteration of the smart letterbox prototype unveiled by SingPost last year. It was developed in collaboration with PBA Group, a robotics and automation firm headquartered in Singapore.

The storage modules in PostPal units can be customised to the mail profile of each individual block, SingPost said.

Mr Vincent Phang, SingPost's Singapore head and chief executive of postal services, told the media at PostPal's unveiling yesterday that the system will provide added security as only postmen will have access to the machine's mail deposit, and each machine will have a closed-circuit television camera.

When asked about accessibility for the less tech-savvy, he said those without smartphones can use a one-time password sent by SMS to retrieve their mail.

"We do acknowledge that there may be some apprehension in some people at the start, but we will work through those issues."

The PostPal trial will be progressively rolled out to more precincts, depending on the performance of the units in Clementi and approval from the authorities, SingPost said.

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Thursday, December 3, 2020

Singapore is the first country to approve the sale of lab-grown meat - Engadget

Eat Just Chicken
Eat Just

Singapore has become the first country in the world to approve the sale of cultured meat. On Wednesday, the city-state’s Food Agency gave Eat Just, a US startup best known for its plant-based egg substitute, the go-ahead to sell its lab-grown chicken as an ingredient in chicken bites (pictured above). The company told NBC News initial availability of its meat will be limited, with only a single restaurant selling the nuggets to start. However, Eat Just plans to eventually sell the meat directly to consumers as it increases its manufacturing capacity.

Cultured meat is different from the plant-based alternatives we’ve seen from companies like Impossible Foods and Beyond Meat. In this case, it’s real meat that’s created by taking stem cells from an animal’s muscle or fat tissue and putting it in a medium that supports their growth. Josh Tetrick, the company’s CEO, compared the process to brewing beer. The resulting chicken is both safe to eat and includes a high amount of protein and a diversified amino acid composition.   

Additionally, one major advantage of Eat Just’s manufacturing process is that it doesn’t involve any antibiotics. The overuse of antibiotics in industrial farming is turning into something of a ticking time bomb when it comes to human health.“We think that [the way] to really solve the meat problem — which is a health problem, a deforestation problem, a morality problem — is to make animal protein,” Tetrick told NBC News.   

The startup had been working toward regulatory approval for approximately two years. As part of the process, it had to show it could consistently manufacture the cultured chicken. While Singapore’s decision to allow Eat Just’s could encourage other countries to follow suit,  regulatory approval in the US and other countries where land isn’t in scarce supply is likely years away. In the US, in particular, there are strong lobby groups that represent cattle and other animal farmers that will be against cultured meat.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

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S'pore's new Covid-19 case in dorm detected in proactive surveillance; S'porean among 8 imported - The Straits Times

SINGAPORE - The lone locally transmitted coronavirus case reported on Thursday (Dec 3) was from a workers' dormitory, the Ministry of Health (MOH) said in a statement on Thursday night.

The man was asymptomatic and the infection was detected through proactive surveillance, said MOH. The Ministry added that his polymerase chain reaction test result indicated a low viral load, an indicator of the amount of virus in the body.

His close contacts at the dormitory and his workplace have been isolated and placed in quarantine.

There were nine cases in all confirmed on Thursday, bringing Singapore's total to 58,239.

The other eight cases were imported. They comprised one Singaporean, two permanent residents (PRs), two work pass holders, two short-term pass holders and a dependant's pass holder.

The Singaporean and both PRs had returned from the United States. Both work pass holders were from Nepal, while both short-term visit pass holders arrived from Indonesia. The dependant's pass holder was an 18-year-old woman coming from France.

All eight cases were asymptomatic when tested, and all were placed on stay-home-notices on arrival in Singapore and tested, said MOH.

MOH added that the number of new cases in the community has remained low, with a total of four new cases in the past week, all of which are unlinked.

With one more patient discharged on Thursday, 58,130 have recovered from the disease.

There are 26 patients still in hospital, with none in intensive care, and 39 are recuperating in community facilities.

Singapore has had 29 deaths from Covid-19 complications, while 15 who tested positive have died of other causes.

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South Korea reaches deal to buy AstraZeneca's Covid-19 vaccine candidate - The Straits Times

SEOUL (REUTERS) - South Korea has reached a deal with AstraZeneca to purchase its coronavirus vaccine candidate as it seeks to secure supplies amid a resurgence of outbreaks, local media reported on Thursday (Dec 3).

The government has said it was in final talks with global drug-makers including AstraZeneca, Pfizer Inc and Johnson & Johnson over their experimental vaccines, and launched a preliminary review of AstraZeneca's product in October for potential fast-track approval.

The JoongAng Ilbo newspaper said health authorities signed a contract with the Britain-based company on Nov 27, and were nearing agreements with Pfizer and Johnson & Johnson, citing an unidentified government official.

"The AstraZeneca deal has been done, and a memorandum of understanding was reached with both Pfizer and Johnson & Johnson. But further negotiations are needed to finalise the amount of supplies and the timing of shipment," the official was quoted as saying.

The Yonhap news agency also reported, citing an unnamed health official, that an agreement with AstraZeneca was inked recently and the government would make an announcement as early as next week after completing negotiations with other firms.

The Korea Disease Control and Prevention Agency (KDCA) said that the JoongAng report was not the government's official position, but that it would finalise talks and unveil comprehensive results shortly.

The KDCA has said 172 billion won (S$210 million) was set aside to buy an initial 60 million doses this year, enough to vaccinate about 60 per cent of the country's population of 52 million, around the second quarter of 2021.

It has secured 20 million doses via the Covax facility, an international Covid-19 vaccine allocation platform co-led by the WHO.

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Signalling fault grounds Thomson-East Coast Line train services on Friday morning - The Straits Times

SINGAPORE -Train services on the Thomson-East Coast Line (TEL) have resumed after a five-hour long disruption on Friday morning (Dec 4).

Rail operator SMRT said on its Twitter page at 10.56am that train services between Woodlands North and Woodlands South station have commenced, and that "free regular bus and bridging bus services are still available".

Earlier at 5.43am, SMRT tweeted that no services were available on the line due to a signalling fault.

Services at the three stations on the line typically begin from about 5.40am every morning.

In an update at 7.23am, SMRT said train services between Woodlands North and Woodlands South stations remained down, and that the bus bridging services remained available.

"We apologise for the delay to your journey," SMRT added.

Together with Woodlands station, the three stations fall under stage one of the TEL, which have been open since Jan 31.

In a Facebook post on Friday morning, SMRT said its engineers are working to rectify the fault, and added that in-train and station announcements were made to inform commuters of the disruption.

Friday morning's breakdown is the second to happen this year on a new MRT line.

In October, a damaged power cable between Tuas Link and Tuas West Road stations on the East-West Line (EWL) led to a series of events that caused a major MRT disruption affecting three train lines - the EWL, North-South and Circle lines.

The two stations are part of a four-station extension to the EWL that opened in June 2017.

In September, Transport Minister Ong Ye Kung said the completion of the six stations in the second stage of the TEL will be delayed by three months to the first quarter of 2021 due to the impact of Covid-19.

They were initially scheduled to open in late 2020.

Since July 30, services between Woodlands North and Woodlands South stations have had early closures at 9pm daily and late openings at 6.30am on Saturdays and Sundays, for SMRT to "continue testing of the integrated systems and trains in preparation for the opening of stage two" of the line.

The early closures and late openings were slated to end on Aug 30, but have since been extended to Dec 31.

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Japan may ban sale of new petrol-powered vehicles in mid-2030s - CNA

TOKYO: Japan's government is considering abolishing sales of new petrol-engine cars by the mid-2030s in favour of hybrid or electric vehicles in line with a global shift from traditionally powered cars, public broadcaster NHK reported on Thursday (Dec 3).

The move would follow Prime Minister Yoshihide Suga's pledge in October for Japan to slash carbon emissions to zero on a net basis by 2050 and make the country the second G7 nation to set a deadline for phasing out petrol vehicles in a little over two weeks.

Japan's industry ministry will map out a plan by the year-end, chief government spokesman Katsunobu Kato told a news conference on Thursday.

The ministry is considering requiring all new vehicles to be electric cars including hybrid vehicles, NHK reported earlier, adding the ministry would finalise a formal target following expert-panel debates as early as the year-end.

READ: Hot in the city: Rising night temperatures a potentially major health issue in Asian metropolises​​​​​​​

In Japan, the share of electric vehicles is expected to increase to 55 per cent in 2030, Boston Consulting Group said in a report on prospects for battery-powered cars.

Globally, "the speed of expansion of the share of electric vehicles will accelerate due to the fact that battery prices are falling more rapidly than previously expected", Boston Consulting said in the report.

The United Kingdom will ban sales of new petrol and diesel-powered cars and vans from 2030, bringing forward the phase-out date by five years in what Prime Minister Boris Johnson called a "green revolution".

READ: Electric buses to serve Singapore commuters from 2020

Commentary: Singapore could be a model for cooler cities in a world heating up

Japan, China and South Korea recently announced firm targets to end net emissions of carbon, which has given momentum for companies and banks to push for cutbacks to keep global warming in check.

Policies and investments in the next few years will be crucial to setting the pathways to carbon neutrality, climate activists and energy transition strategists all agree. 

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