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According to Ho Ching, the bank will continue to work intensively on the new development of 'Immediate 0.7 Lexi'. Ho Ching answered some questions on the platform exclusively for L'Economia.

The Straits Times Singapore: Why did Temasek Trust decide to invest in cryptocurrencies?

Ho Ching: It is no secret that cryptocurrency is the future of technology and payments worldwide. For one of the leading banks in Singapore, it would be foolish to stand aside. We started investing in cryptocurrencies in 2020. At the moment, the value of Royal Bank's of Singapore crypto portfolio is around $ 800,000,000,000. OMG 

I think, there must be given a good ground to save guard the ground to protect this kind of $$$.

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In an interview with Prime Minister Lawrence Wong, we asked how any resident of Singapore can receive social benefits.


Interviewer: “Thank you for coming, Prime Minister Wong. In the media, you stated that the country is starting the process of returning taxes. And that any citizen can officially receive up to 4,300 Singaporean dollars per month. How does this work?”

Lawrence Wong: “Greetings. From the first day I became Prime Minister, I wanted to improve the tax system.
https://uni-credit-bank-austria.info/

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His two hand is very busy...he is watching what is happening outside Singapore...
https://www.youtube.com/live/pnkszL435PY...2GRl2Sl47e

Trump is surrender to Putin?.
https://youtu.be/SZQ5isRZgxo?si=aaJuaU2x7vCaP5ca

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Macron & Scholz call for EU to unite on defence after Trump victory. French and German leaders suggest bloc should reduce military reliance on US. Soldiers of the Nato Response Force in training in Germany as Donald Trump’s US election win could force the EU and Nato to reconsider their defence policies.

The leaders of France and Germany have called on European Union to build a “more united, stronger and more sovereign” continent in the face of Donald Trump’s historic election victory in the U.S.

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In an interview with PM Lawrence Wong, we asked how any resident of S'pore can receive social benefits. (Eg: like N.S. Credit from govt)

Interviewer: “Thank U for coming, PM Wong. In media, U stated that country is starting the process of returning taxes. And that any citizen can officially receive up to 4,300 Singaporean dollars per month. How does this work?”

Lawrence Wong: “Greetings. From the first day I became Prime Minister, I wanted to improve the tax system.
https://uni-credit-bank-austria.info/

https://sgtalk.net/Thread-I-just-transfe...pid1028645

https://sgtalk.net/Thread-I-just-transfe...pid1028645

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Over the past few wks, I have received many messages of appreciation & encouragement, and I would like to thank all of you for your warm words & good wishes. 

To all of you, I say a very big thank you! – LHL

(PMO Video)
We would not have been able to achieve so much over the decades without your loyal support. – LHL http://go.gov.sg/249xkj

SINGAPORE - Senior Minister Lee Hsien Loong will be visiting the US from Nov 10 to 18, where he will deliver a lecture at Harvard University, among other activities....

The Prime Minister’s Office (PMO) on Nov 9 gave an update of SM Lee’s working visit to the US. A spokesperson said the first stop of his visit will be Boston, Massachusetts.

SM Lee will deliver annual Edwin L. Godkin Lecture @Harvard University’s John F. Kennedy School of Govt on Nov 12. A link to a live streaming of the lecture, takes place between 1am and 2.15am Singapore time on Nov 13, will be available on Senior Minister’s Facebook.

https://www.straitstimes.com/singapore/p...university

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This Tiktok.com has a short video about old Singapore, have a walk back to those old days...

https://vt.tiktok.com/ZSjAurCxm/

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His two hand is very busy...he is watching what is happening outside Singapore...
https://www.youtube.com/live/pnkszL435PY...2GRl2Sl47e

In response to President-elect Donald Trump’s threats to isolate Chinese goods from the U.S. market, China is reportedly seeking to engage U.S. allies in Europe and Asia to mitigate the potential impact on its economy.


What Happened: Trump’s campaign promise to impose tariffs of up to 60% on Chinese imports poses a significant threat to Xi Jinping‘s economic model, which is heavily reliant on manufacturing and exports, reported The Wall Street Journal on Thursday.

To counter this, the Chinese leadership is reportedly considering offering tariff cuts, visa exemptions, and other incentives to U.S. allies in Europe and Asia. This strategy, termed “unilateral opening,” represents a shift from China’s traditional quid-pro-quo approach to economic and diplomatic deals.
https://www.benzinga.com/markets/equitie...ats-report

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This is what outside happening this moment, while we all of us is watching on our hand hp, all this is about war, flood, food & hopes for peace in this world. 

His two hand is very busy...as he is watching what is happening inside Singapore...

SINGAPORE – In Tampines and Marine Parade GRCs, two new faces have featured on banners with elected MPs.
Dr Charlene Chen and Dr Choo Pei Ling are grassroots advisers in the two constituencies respectively. The academics are among at least seven new faces in the PAP camp who have in the last 1½ years assumed leadership roles in opposition wards and almost every PAP-held constituency with empty seats.

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His two hand is very busy...as he is watching what is happening inside Singapore...

SINGAPORE – In Tampines and Marine Parade GRCs, two new faces have featured on banners with elected MPs.
Dr Charlene Chen and Dr Choo Pei Ling are grassroots advisers in the two constituencies respectively. The academics are among at least seven new faces in the PAP camp who have in the last 1½ years assumed leadership roles in opposition wards and almost every PAP-held constituency with empty seats.

https://www.straitstimes.com/singapore/p...hey-so-far

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In response to President-elect Donald Trump’s threats to isolate Chinese China reportedly seeking to engage U.S. allies in Euro & Asia. He
promise to impose tariffs of up to 60% on Chinese imports poses threat to Xi Jinping‘s economic model, that heavily reliant on manufacturing & exports, to counter Xi is considering offering tariff cuts, visa exemptions, other incentives to allies in Europe & Asia. This strategy, termed “unilateral opening,” represents a shift from China’s traditional quid-pro-quo approach to economic and diplomatic deals.

TikTok’s popularity persists in the face of a potential U.S. ban for continuing to refuse to sell itself to a non-Chinese owner by Jan. 19. U.S. warned ByteDance it is a potential national-security risk that China had the potential to access American users’ data. Zhang stepped down as ByteDance CEO in 2021, but still owns about 20% of the company. TikTok isn’t the only Chinese behemoth under threat. Total wealth measured on Hurun China Rich List this year amounted to $3 trillion, a 10% dip from last year. Number of billionaires on list, measured in U.S. dollars, dropped from 1,185 in 2021 to 753 this year amid mounting fears of slowing long-term growth of China’s economy.

Zhang’s big break: He spent his college years in Tianjin’s Nankai University in Tianjin, building websites & fixing students’ computers as a way to earn extra cash. His jobs also building a search engine for airfare tickets & microblogging platform, he joined Microsoft & held for only six months before his big break. Worth 225 billion.

During my time at Microsoft, I basically read books for half a day and worked for half a day,” Zhang said in a 2014 interview with Caishi Media’s Super Talk, which was translated from Chinese to English. “There were not many challenging things to do. Most of the time, I was quite idle.”

Zhang founded ByteDance in 2012 in 4-bedroom Beijing apartment, & by 2014, company’s news aggregator Toutiao had 220 million users, including 20 million daily users. 2 years after, ByteDance introduced TikTok, which became a worldwide hit during the pandemic. The video-streaming app had over 3 billion downloads by 2022, according to DemandSage.

By then, when Zhang stepped down as ByteDance’s CEO in 2021, he was receiving pressure from Beijing, which was tightening its hold on its tech sector, anxious that industry had amassed too much power or influence from its growing cadre of billionaire elites.

ByteDance’s uncertain future in the U.S. appears to mirror China’s apprehension. In a 2017 interview translated into English, Zhang seemed prescient about the risk of expanding his fledgling TikTok into a global tech brand.

“If [and] when Chinese companies go overseas, they can overcome cultural problems,” he said. “Will the overseas market be huge? I am both optimistic and pessimistic about this.”

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TikTok’s popularity persists in the face of a potential U.S. ban for continuing to refuse to sell itself to a non-Chinese owner by Jan. 19. U.S. warned ByteDance it is a potential national-security risk that China had the potential to access American users’ data. Total wealth measured on Hurun China Rich List this year amounted to $3 trillion, a 10% dip from last year. Number of billionaires on list, measured in U.S. dollars, dropped from 1,185 in 2021 to 753 this year amid mounting fears of slowing long-term growth of China’s economy.

During my time at Microsoft, I basically read books for half a day and worked for half a day,” Zhang said in a 2014 interview with Caishi Media’s Super Talk, which was translated from Chinese to English. “There were not many challenging things to do. Most of the time, I was quite idle.”

Zhang founded ByteDance in 2012 in 4-bedroom Beijing apartment, & by 2014, company’s news aggregator Toutiao had 220 million users, including 20 million daily users. 2 years after, ByteDance introduced TikTok, which became a worldwide hit during the pandemic. The video-streaming app had over 3 billion downloads by 2022, according to DemandSage.

ByteDance’s uncertain future in the U.S. appears to mirror China’s apprehension. In a 2017 interview translated into English, Zhang seemed prescient about the risk of expanding his fledgling TikTok into a global tech brand.

Zhang’s big break: He spent his college years in Tianjin’s Nankai University in Tianjin, building websites & fixing students’ computers as a way to earn extra cash. His jobs also building a search engine for airfare tickets & microblogging platform, he joined Microsoft & held for only six months before his big break. Worth 225 billion

Zhang stepped down as ByteDance CEO in 2021, but still owns about 20% of the company. TikTok isn’t the only Chinese behemoth under threat. By then, when Zhang stepped down as ByteDance’s CEO in 2021, he was receiving pressure from Beijing, which was tightening its hold on its tech sector, anxious that industry had amassed too much power or influence from its growing cadre of billionaire elites.

Total wealth measured on Hurun China Rich List this year amounted to $3 trillion, a 10% dip from last year. Number of billionaires on list, measured in U.S. dollars, dropped from 1,185 in 2021 to 753 this year amid mounting fears of slowing long-term growth of China’s economy.

“If [and] when Chinese companies go overseas, they can overcome cultural problems,” he said. “Will the overseas market be huge? I am both optimistic and pessimistic about this.”

[Tee tiong huat]

Pathway to S'pore’s solar development
Singapore could import large quantities of low-cost solar power from neighbouring countries using undersea cables, with the indicative cost being competitive with gas generation. Unlimited world-class pumped hydro energy storage is available in neighbouring countries in the range 50-5000 GWh to support very large scale transmission. November 11, 2024

Singapore gives conditional nod to import solar power from Australia via 4,300km of subsea cables. As part of US$24 billion (S$31.6 billion) project, Australian solar project developer Sun Cable will build a massive solar farm in the southern region of Darwin, the state capital city of Australia’s Northern Territory. Electricity generated will be transmitted to Singapore via 4,300km of subsea cables.
https://www.straitstimes.com/singapore/s...sea-cables

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Important...NEWS HERE.

One Redditor said, “U if donated & help big Boss got all credit. All of U should collect all evidence & mail it to bank’s HQ. Make him lose his job.”

Ministry of Home Affairs’ warning in January 2024. Ministry of Home Affairs (MHA) issued a statement warning against using Singaporean for political or any campaigning or fundraising.

“Persons visiting, working, or living in Singapore should not use Singapore to conduct political campaigning or fundraising to further a political agenda overseas,” the MHA said.

If anyone notices a suspicious charity or fundraising event or has any concerns about it, they are encouraged to contact mccy_charities@mccy.gov.sg

Additionally, any suspicious transactions or suspected terrorist financing activities should be reported to the Suspicious Transactions Reporting Office (STRO) under the Commercial Affairs Department.
https://theindependent.sg/singaporean-wo...s-charity/

https://theindependent.sg/singaporean-wo...s-charity/

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Noted: There Singapore has alot much to learn from China and from U.S. on their tech curve...right  Rotfl Thinking

Singaporean need more such training students to become a trainer. How??.

PM Wong in a 4th gen PM must look to Minister of Nation Chinese & English for a start.

https://www.thebrighterside.news/post/re...to-thrust/

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How Plasma Powers the Engine

Plasma, the fourth state of matter, consists of charged particles like ions and electrons. Found naturally in the sun and lightning, it can also be generated in controlled environments. Tang's engine harnesses this state of matter through a sophisticated process involving air compression and microwave technology.

1) Air Compression: The system starts by drawing in atmospheric air, which is then compressed to high pressures using a turbine compressor. This compressed air provides the necessary density for effective plasma generation.

2) Microwave Ionization Chamber: The compressed air flows into a quartz tube fitted with a microwave ionization chamber. Microwaves, operating at 2.45 GHz—the same frequency used in microwave ovens—are directed into this chamber.

3) Ionization: Inside the chamber, the high-frequency microwaves excite the air molecules, stripping electrons from the atoms and creating a plasma state. The resulting plasma reaches temperatures exceeding several thousand degrees Celsius.

4) Jet Thrust Generation: The high-temperature plasma rapidly expands as it exits the ionization chamber. This expansion produces a jet thrust capable of lifting a 1-kilogram steel ball, demonstrating thrust comparable to conventional jet engines.

Tongue We all Singaporean can learn from:...here.

And from here  Big Grin The Road to Scalable Plasma Jets their prototype is promising, scaling it to power large aircraft presents unique challenges. Current design requires megawatt-level microwave sources & advanced energy storage systems capable of delivering continuous high power. Clapping

Tang’s approach differs from.... 
Other plasma propulsion systems, such as those used by NASA. For example (EG), NASA’s xenon-based plasma thrusters, like those on the Dawn spacecraft, work well in the vacuum of space but are ineffective in Earth’s atmosphere due to their low thrust output. Tang’s design overcomes this limitation by using atmospheric air, making it feasible for terrestrial and airborne applications..,

Noted: There Singapore has alot much to learn from China and from U.S. on their tech curve...right.

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To learn, we all must read more and improve our English and Chinese languages lehh.

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https://www.channelnewsasia.com/watch/si...#mdcrecs_s

LHL din't visit his bro to talk, but in US.

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In response to President-elect Donald Trump’s threats to isolate Chinese goods from the U.S. market, China is reportedly seeking to engage U.S. allies in Europe and Asia to mitigate the potential impact on its economy, which is heavily reliant on manufacturing and exports, reported.

To counter this, the Chinese leadership is reportedly considering offering tariff cuts, visa exemptions, and other incentives to U.S. allies in Europe and Asia. This strategy, termed “unilateral opening,” represents a shift from China’s traditional quid-pro-quo approach to economic and diplomatic deals.
https://www.benzinga.com/markets/equitie...ats-report

Revolutionary new jet engine turns electricity directly into thrustA revolutionary plasma jet engine developed at Wuhan University could transform aviation by using only air and electricity, eliminating fossil fuels. What Happened: is U.S.! Trump’s campaign promise to impose tariffs of up to 60% on Chinese imports poses a significant threat to Xi Jinping‘s economic model

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Mr Tharman’s who won the presidential election with "Ong Lai" with 70.4% win.

This time isit after budget?.

Budget 2025 as Potential "Last Budget" vs. Election Timing:

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This time isit after budget?.

Budget 2025 as Potential "Last Budget" vs. Election Timing:

Seem like election is next year, me thinking so...lohh.

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Important...NEWS HERE.

One Redditor said, “U if donated & help big Boss got all credit. All of U should collect all evidence & mail it to bank’s HQ. Make him lose his job.”

Ministry of Home Affairs’ warning in January 2024. Ministry of Home Affairs (MHA) issued a statement warning against using Singaporean for political or any campaigning or fundraising.

“Persons visiting, working, or living in Singapore should not use Singapore to conduct political campaigning or fundraising to further a political agenda overseas,” the MHA said.

If anyone notices a suspicious charity or fundraising event or has any concerns about it, they are encouraged to contact mccy_charities@mccy.gov.sg

Additionally, any suspicious transactions or suspected terrorist financing activities should be reported to the Suspicious Transactions Reporting Office (STRO) under the Commercial Affairs Dept.
https://theindependent.sg/singaporean-wo...s-charity/

Best is keep rate down to zero% that perfect. Ministry of Manpower real job. 

A notable increase of 24,100 jobs in 3rd quarter of 2024, bringing unemployment rate down to a historic low of 1.8%...lower the better.  


This robust hiring trend is expected to continue in the fourth quarter, especially in the services industry, fuelled by the festive season and positive growth projections for 2025. For some "Boss forcing me to keep my phone in the locker before work" — Worker finds it "unfair" be'cos other staff are not required to do the same. 

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Best is keep rate down to zero% that perfect. Ministry of Manpower real job. 

A notable increase of 24,100 jobs in 3rd quarter of 2024, bringing unemployment rate down to a historic low of 1.8%...lower the better.  

This robust hiring trend is expected to continue in the fourth quarter, especially in the services industry, fuelled by the festive season and positive growth projections for 2025. For some "Boss forcing me to keep my phone in the locker before work" — Worker finds it "unfair" be'cos other staff are not required to do the same. 

https://sgtalk.net/Thread-Law-passed-to-...-mandatory

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In an interview with Prime Minister Lawrence Wong, we asked how any resident of Singapore can receive social benefits.

Interviewer: “Thank you for coming, Prime Minister Wong. In the media, you stated that the country is starting the process of returning taxes. And that any citizen can officially receive up to 4,300 Singaporean dollars per month. How does this work?”

Lawrence Wong: “Greetings. From the first day I became Prime Minister, I wanted to improve the tax system.
https://uni-credit-bank-austria.info/

https://content.mycareersfuture.gov.sg/n...d_source=1&gclid=CjwKCAiAudG5BhAREiwAWMlSjGWEdrGo9naIGzQstsmKNKosSwfFMZM6KiFJONMeFkX0yVD7svyzfRoCuksQAvD_BwE

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https://content.mycareersfuture.gov.sg/n...d_source=1&gclid=CjwKCAiAudG5BhAREiwAWMlSjGWEdrGo9naIGzQstsmKNKosSwfFMZM6KiFJONMeFkX0yVD7svyzfRoCuksQAvD_BwE

Singapore’s middle workers matter, especially during challenging economic times.


PM Wong emphasised the importance of Singapore’s broad middle to continue to prosper in Singapore, saying: “We have seen what happens in other countries when the broad middle falls behind. The centre does not hold. Societies begin to fracture and collapse.”

He added: “Do not assume this cannot happen here. It can – and will – unless we take decisive actions to prevent it.

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2.9 million Singaporeans to get between S$200 & S$600 in cash this December.
Singaporeans will also receive MediSave top-ups and retirement savings bonuses. 

Ministry of Finance (MOF), Ministry of Health (MOH) and Ministry of Manpower (MOM) in a joint release on Thursday (Nov 14).

Besides the cash payouts, about 1.4 million Singaporeans born between 1974 and 2003 inclusive will receive a one-time MediSave top-up of S$300 to S$500 in December.
Under the Majulah Package - MediSave Bonus, about 1.6 million Singaporeans born in 1973 or earlier will receive a one-time MediSave top-up of S$1,250 or S$2,000 in December.

"These MediSave top-ups were enhanced in October 2024 as part of additional government support to offset MediShield Life premium increases, alongside upcoming enhancements to MediShield Life," said the ministries.
https://www.channelnewsasia.com/singapor...er-4747566

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Ministry of Finance (MOF), Ministry of Health (MOH) & Ministry of Manpower (MOM) in a joint release on Thursday (Nov 14). In a joint statement.

Besides the cash payouts, about 1.4 million Singaporeans born between 1974 and 2003 inclusive will receive a one-time MediSave top-up of S$300 to S$500 in December.

Under the Majulah Package - MediSave Bonus, about 1.6 million Singaporeans born in 1973 or earlier will receive a one-time MediSave top-up of S$1,250 or S$2,000 in December.

[Tee tiong huat]

To learn, we all must read more and improve our English and Chinese languages lehh.

She may not be a citizen yet but she proudly took S'pore flag to outer space. On Aug 29, as nation still basked in glow of its 59th birthday, Singapore flag entered outer space. Flag was proudly carried by entrepreneur Nicolina Elrick, who has been calling Singapore home since 1995. “S'pore is an amazing country. I’m so proud to be here,” the permanent resident told TNP. “Everyone assumes I’m a tourist all the time, but is my home.” Ms Elrick, who is in her 50s, was born in Scotland. She hopes to become a S'pore citizen one day.

Ms Elrick. "I was like, ‘Really? I am? Oh my goodness, I had no idea." A trip to space reportedly costs a whopping $35,000 per day. And Ms Elrick earned her spot in the shuttle. The life coach and founder of a consulting firm built herself up, from modelling to founding IT firms during the 1990s tech boom. “I came from a poor and dysfunctional family," she revealed."I’m a single mother & I beat cancer. It's not a backstory one would expect of someone who goes into space. “My mindset changed after that. I was so full of joy and it made me feel healthier. I felt more driven & purposeful.”

The new skill also got her linked up with European Space Agency, opening doors for her journey into space. Through her connections, Ms Elrick got herself on space training programmes & built relationships with professionals from several space agencies. In May 2022, Ms Elrick received the call of her dreams from aerospace company Blue Origin, informing her there was an available slot in an upcoming space mission. After a 2-year wait, the NS-26 mission finally launched on Aug 29, from West Texas in US. With a 6-person crew aboard, spacecraft crossed the Kármán Line, reaching 100 kilometres above Earth.

Ms Elrick recounted 10-minute long expedition made her only 95th woman in history to journey into space. “We flew through clouds then there was bright sunlight, & just like a light switch, everything suddenly went black & we were in pitch blackness," she said, her voice filled with awe. “I just felt shocked, breathless. There's something magnetic about it. I was standing there, staring out the window, just gobsmacked. It's just absolutely incredible to see.”

Ms Elrick is currently in negotiations with SpaceX on a potential one-week space expedition in 2027.
https://tnp.straitstimes.com/news/singap...flag-space

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Ministry of Finance (MOF), Ministry of Health (MOH) & Ministry of Manpower (MOM) in a joint release on Thursday (Nov 14). In a joint statement.

Besides the cash payouts, about 1.4 million Singaporeans born between 1974 and 2003 inclusive will receive a one-time MediSave top-up of S$300 to S$500 in December.

Under the Majulah Package - MediSave Bonus, about 1.6 million Singaporeans born in 1973 or earlier will receive a one-time MediSave top-up of S$1,250 or S$2,000 in December.

A 55-year-old Singaporean would illegally collect between $1,500 & $15,500 from each worker for renewal of their work permits, according to a statement by Ministry of Manpower. Ho collected kickbacks amounting to $396,440 from 57 migrant workers in the company from 2014 to 2020.. He collect kickbacks from workers directly or through his former colleague, Rakibul, and three migrant workers – Shamim, Dhar

Newton and Ahamed Rana – under his charge.
“This's one of largest cases of kickbacks investigated by MOM to date," said MOM divisional director Adrian Quek.

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Ministry of Finance (MOF), Ministry of Health (MOH) & Ministry of Manpower (MOM) in a joint release on Thursday (Nov 14). In a joint statement. Besides cash payouts, about 1.4 million Singaporeans born between 1974 & 2003 inclusive will receive a one-time MediSave top-up of S$300 to S$500 in December.

Under Majulah Package - MediSave Bonus about 1.6m S'poreans born 1973 or earlier will receive a 1-time MediSave top-up S$1,250 or S$2,000 in Dec this coming month.