
CNA938 Rewind - Author & Real Estate Boss Kelvin Fong's 'Elevate Your Assets, Elevate Your Wealth'
CNA938 Rewind
Play
30 mins
In 'Culture Club' Melanie Oliveiro speaks with Kelvin Fong, Deputy CEO of real estate agency PropNex Realty, and author of 'Elevate Your Assets, Elevate Your Wealth'. Fong will discuss how his book offers wealth creation strategies through real estate investment. He'll also answer common questions asked by property investors, such as: At what stage of my life should I buy property? How advisable is it to buy industrial properties or own a home overseas? How will the ongoing geopolitical tensions and global tariff tensions affect my mortgage?
CNA938 Rewind - Faster than ever - 5G+ is here in Singapore
Singtel has unveiled its new 5G plus network, promising speeds up to four times faster than the current 5G. Lance Alexander speaks to Associate Professor June Tay, Head of the Digital Media Programme at SUSS, to explain what this means for your phone and data usage.
11 mins
CNA938 Rewind - Exploring the American outdoors with influencer Andre Carrillo
In 'Destination Anywhere', Melanie Oliveiro speaks to Andre Carrillo: Filipino American traveller, influencer and video content creator. Carrillo talks about exploring Redding in Northern California and Denver, Colorado - two regions in the United States that are outdoor havens for nature lovers. View Andre's many adventures on Instagram @andrercarrillo.
20 mins
CNA938 Rewind - Author & Real Estate Boss Kelvin Fong's 'Elevate Your Assets, Elevate Your Wealth'
In 'Culture Club' Melanie Oliveiro speaks with Kelvin Fong, Deputy CEO of real estate agency PropNex Realty, and author of 'Elevate Your Assets, Elevate Your Wealth'. Fong will discuss how his book offers wealth creation strategies through real estate investment. He'll also answer common questions asked by property investors, such as: At what stage of my life should I buy property? How advisable is it to buy industrial properties or own a home overseas? How will the ongoing geopolitical tensions and global tariff tensions affect my mortgage?
30 mins
CNA938 Rewind - Hey Taylor – a Made in SG Women's Health Clinic and App
In 'Made in SG' Melanie Oliveiro speaks with the co-founders of Hey Taylor marketed as Singapore's first hybrid women's health clinic and app. Eve Lee and Dr Jody Paige Goh explain why they set up the practice which provides primary care designed around women's lives and healthcare needs. They'll explain how the clinic & app function to combine medical depth with tech-enabled care, designed to support women across every stage of life - offering primary care treatment, fertility screenings, menstrual and menopausal care and hormonal care consultations.
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CNA
38 minutes ago
- CNA
Singapore Airlines cancels all flights to Dubai until Wednesday amid Middle East conflict
SINGAPORE: Singapore Airlines (SIA) has cancelled all flights between Singapore and Dubai until Wednesday (Jun 25) as the conflict between Israel and Iran continues. In a notice on its website, the Singapore carrier announced that the cancellations followed 'a security assessment of the geopolitical situation in the Middle East'. The six cancelled flights are: The airline had earlier cancelled flights between Singapore and Dubai on Sunday as a result of the conflict. 'SIA will be contacting all affected customers to inform them about the flight cancellation,' said the airline. 'Customers affected by the flight cancellations will be reaccommodated on alternative flights or can seek a full refund of the unused portion of their ticket.' It added that customers who booked their flights directly can use the airline's Assistance Request Form to seek a refund. 'For bookings made through travel agents or partner airlines, customers are advised to contact their travel agent or purchasing airline directly for assistance,' said SIA. 'As the situation remains fluid, other SIA flights between Singapore and Dubai may be affected,' it added. Commercial airlines around the world are weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the US attacked key Iranian nuclear sites and Tehran vowed to defend itself. The usually busy airspace stretching from Iran and Iraq to the Mediterranean has been largely empty of commercial air traffic for 10 days since Israel began strikes on Iran on Jun 13, as airlines divert, cancel and delay flights through the region due to airspace closures and safety concerns. New cancellations of some flights by international carriers in recent days to usually resilient aviation hubs like Dubai, the world's busiest international airport, and Qatar's Doha, show how aviation industry concerns about the region have escalated. With Russian and Ukrainian airspace also closed to most airlines due to years of war, the Middle East had become a more important route for flights between Europe and Asia. Amid missile and air strikes during the past 10 days, airlines have routed north via the Caspian Sea or south via Egypt and Saudi Arabia. Added to increased fuel and crew costs from these long detours and cancellations, carriers also face a potential hike in jet fuel costs as oil prices rise following the US attacks. AIRSPACE RISKS Proliferating conflict zones are an increasing operational burden on airlines, as aerial attacks raise worries about accidental or deliberate shoot-downs of commercial air traffic. Location spoofing and GPS interference around political hotspots, where ground-based GPS systems broadcast incorrect positions which can send commercial airliners off course, are also a growing issue for commercial aviation. Flightradar24 told Reuters it had seen a "dramatic increase" in jamming and spoofing in recent days over the Persian Gulf. SkAI, a Swiss company that runs a GPS disruption map, late on Sunday said it had observed more than 150 aircraft spoofed in 24 hours there. Safe Airspace, a website run by OPSGROUP, a membership-based organisation that shares flight risk information, noted on Sunday that US attacks on Iran's nuclear sites could heighten the threat to American operators in the region. This could raise additional airspace risks in Gulf states like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, it said. In the days before the US strikes, American Airlines suspended flights to Qatar, and United Airlines and Air Canada did the same with flights to Dubai. They have yet to resume. While international airlines are shying away from the region, local carriers in Jordan, Lebanon and Iraq are tentatively resuming some flights after widespread cancellations. Israel is ramping up flights to help people return home, and leave. The country's Airports Authority says that so-called rescue flights to the country would expand on Monday with 24 a day, although each flight would be limited to 50 passengers. From Monday, Israeli airlines will start to operate outbound flights from Israel, the authority said.


CNA
43 minutes ago
- CNA
Snowcap Compute raises $23 million for superconducting AI chips
SAN FRANCISCO :Snowcap Compute, a startup working on building artificial intelligence computing chips using superconducting technology, on Monday raised $23 million and said that the former CEO of Intel will join its board. Snowcap aims to build computers that could one day beat today's best artificial intelligence systems, while using a fraction of the electricity. To do that, Snowcap plans to use a new kind of chip made with superconductors, which are materials that allow current to flow without electrical resistance. Scientists understand superconductors well and have theorized about making computer chips with them since at least the 1990s, but have faced a major challenge: To work, the chips need to be kept very cold in cryogenic coolers which themselves consume a lot of electricity. For decades that made superconductor chips a nonstarter, until AI chatbots ignited huge demand for computing power at the same time that conventional chips are hitting the limits of how much performance they can wring from every watt of power and are taxing electricity grids. Nvidia's forthcoming "Rubin Ultra" AI data center server due in 2027, for example, is expected to consume about 600 kilowatts of power. That means operating that single server at full capacity for one hour would consume about two thirds the average power that a U.S. house uses in a month. In that kind of changed world, dedicating a portion of a data center's power needs to cryogenic coolers makes sense if the performance gains are good enough, said Michael Lafferty, Snowcap's CEO, who formerly oversaw work on futuristic chips at Cadence Design Systems. Snowcap believes that even after accounting for energy used in cooling, its chips will be about 25 times better than today's best chips in terms of performance per watt. "Power (efficiency) is nice, but performance sells," Lafferty said. "So we're pushing the performance level way up and pulling the power down at the same time." Snowcap's founding team includes two scientists - Anna Herr and Quentin Herr - who have done extensive work on superconducting chips at chip industry research firm Imed and defense firm Northrop Grumman, as well as former chip executives from Nvidia and Alphabet's Google. While the chips can be made in a standard factory, they will require an exotic metal called niobium titanium nitride that Lafferty said depends on Brazil and Canada for key ingredients. Snowcap plans its first basic chip by the end of 2026, but full systems will not come until later. Despite the long development timeline, Pat Gelsinger, Intel's former CEO who led the investment for venture firm Playground Global and is joining Snowcap's board, said the computing industry needs a sharp break from its current trajectory of consuming ever more electricity. "A lot of data centers today are just being limited by power availability," Gelsinger said.

Straits Times
an hour ago
- Straits Times
Wilmar expands in Nigeria as nation's currency crisis ebbs
Wilmar last week announced a plan to acquire all the shares in a palm oil venture with PZ Cussons for US$70 million. PHOTO: AFP Lagos - Wilmar International, the Singapore-listed agribusiness, plans to boost its palm oil business in Nigeria, wooed by policies that have helped stabilise the naira and bolstered the availability of US dollars in Africa's most populous nation. The company, led by billionaire Kuok Khoon Hong, last week announced a plan to acquire all the shares in a palm oil venture with PZ Cussons for US$70 million (S$90 million). Wilmar also acquired 8,500 hectares of old rubber plantations to grow crop that will produce edible oil, according to Santosh Pillai, chief executive officer of Wilmar's African unit. The investment shows confidence that the steps Nigerian President Bola Tinubu has taken to revive economic growth and improve government finances may be working. Nigeria's foreign exchange reserves have increased, inflation has moderated and the naira has stabilised. In May, Moody's upgraded the country's foreign currency debt rating. It raised its credit rating for the nation to B3, six notches below investment grade, from Caa1, and changed the outlook to stable. 'The landscape is beginning to shift,' Mr Pillai said in an email response. 'Policy changes, particularly greater stability in the naira and improved access to foreign exchange – are creating a more viable environment for long-term investment. Wilmar remains committed to driving sustainable growth in Nigeria's palm oil sector.' Wilmar is growing its palm oil plantations in Nigeria's Cross River state as it focuses on supplying the local market with the edible oil that's used to cook everything from jollof rice to yam porridge. The West African nation – with a population of more than 200 million – has a palm oil supply gap of 1.25 million tons annually, according to the Central Bank of Nigeria, which in 2019 introduced a financing programme to increase production by farmers and boost economic diversification. Still, Nigeria has struggled to boost output while rivals including Thailand and Colombia have seen production jump. The African nation has also been trying to solve farmer-herder clashes in its main food-growing regions and Islamist extremists in the northeast seem to be making a comeback. 'A significant portion of Nigeria's palm oil production still comes from small-holder farmers,' Mr Pillai said. 'Many of these plantations are over 25–30 years old, and yields are steadily declining. If these older plantations are replanted with high-yielding seedlings' Nigeria could increase its oil palm production even faster, he said. For years, Nigeria's struggle with an acute dollar shortage deterred investors, with the central bank rationing the greenback to businesses even as international companies including GSK, Bayer and Sanofi shrank their operations in the country or left altogether. President Tinubu's move to devalue the currency and allow it trade more freely, scrap fuel subsidies and boost revenue are now helping to brighten the outlook. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.