CNA938 Rewind - Mind Your Money - Journeying from the Navy to a banker

CNA938 Rewind
From being conscripted in the Yugoslavian Navy to a banking career in Singapore, Cheryl Goh hears about Tibor Pandi, Citi Country Officer (CCO) and Banking Head for Singapore's unlikely career journey.

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OCBC says it will not make further offers for Great Eastern even if delisting proposal fails

Oversea-Chinese Banking Corp (OCBC) on Monday (Jun 23) said that it has no intention to make another offer to buy the rest of Great Eastern in the future in the event shareholders opted to not delist the insurer from the Singapore bourse. OCBC was responding to a media report saying that it can still propose to take Great Eastern private when its non-voting shares are due in five years if the latest delisting proposal by Great Eastern cannot be achieved in an EGM on Jul 8. OCBC, Singapore's second-largest lender, said in a stock exchange filing that it has no intention to convert its non-voting shares to ordinary shares on or after five years as it would result in Great Eastern losing its free float again. OCBC would opt to receive the non-voting shares to help restore the free float and a resumption in trading of Great Eastern if the delisting proposal by the insurer is not achieved. Great Eastern on Jun 6 proposed to delist from the domestic bourse by way of its largest shareholder OCBC offering S$900 million (US$696 million) to buy the rest of the insurer it does not already own. Trading in Singapore-based Great Eastern's shares was suspended on Jul 15, 2024, after its free float fell below 10 per cent following an offer by OCBC to acquire an 11.56 per cent stake at S$25.60 apiece in May 2024. OCBC had obtained acceptance from some shareholders and currently owns 93.72 per cent of Great Eastern.

CNA

an hour ago

• CNA

CNA938 Rewind - US-Israel-Iran conflict: is this the beginning of a global conflict?

CNA938 Rewind - US-Israel-Iran conflict: is this the beginning of a global conflict? Israel and Iran are trading fire for the eleventh day, as international calls for de-escalation grow. Lance Alexander and Daniel Martin speak with our correspondent Trent Murray, and Dr Chong Ja Ian, Associate Professor of Political Science at NUS. 17 mins CNA938 Rewind - The Wellness Hour - Glow Festival: Restorative yoga From the corporate grind to embracing yoga as a path to healing. Cheryl Gog speaks with Gabrielle Mendoza, yoga therapist and mindfulness educator who shares how restorative practices can regulate the nervous system and support true wellbeing. also preview her upcoming sessions at Glow Festival 2025, where she'll guide participants through rest, release, and reconnection. 18 mins CNA938 Rewind - Eat, Drink, Singapore - Slow down and sip – Pétale Tea In a fast-paced world, one Singapore brand is encouraging us to slow down: one bloom at a time. Cheryl Goh explores the rise of blooming tea, the art of mindful gifting, and how tea is becoming more than a beverage - it's a ritual with Rosemary Kwa, Tea Experience Director & Founder of Pétale Tea 18 mins CNA938 Rewind - Mind Your Money - Journeying from the Navy to a banker From being conscripted in the Yugoslavian Navy to a banking career in Singapore, Cheryl Goh hears about Tibor Pandi, Citi Country Officer (CCO) and Banking Head for Singapore's unlikely career journey. 18 mins

CNA

an hour ago

• CNA

Japan's retail rice prices fall below 4,000 yen, hitting prime minister's target

TOKYO :Japan's average retail rice prices fell below 4,000 yen ($27) for the first time in four months, data showed on Monday, after the government released an emergency stockpile of rice to tackle food inflation ahead of a national election. The supermarket price of rice per 5kg dropped by 6.1 per cent to 3,920 yen in the seven days to June 15, marking the fourth straight week of decreases to reach a level last seen in February, according to the farm ministry. With that, Prime Minister Shigeru Ishiba achieved a target set last month to bring the price of staple Japanese grain to below 4,000 yen. Rice prices have doubled since last year, creating a political challenge for Ishiba as he faces an upper house election in late July. The vote could be critical for his coalition's chances of survival, after it lost its majority in the more powerful lower house in October. Last month, a new farm minister ended a system of distributing emergency rice via auction and switched to discretionary contracts with retailers so that consumers would pay about 2,000 yen per 5kg. That stockpiled rice first became available through some retailers on May 31, selling out quickly. Rice prices leapt in part because of a poor-quality harvest due to extreme heat in 2023, which led to a shortage of rice in the market around the middle of last year. The spike in rice costs has driven Japan's food and overall consumer inflation in recent months, data has shown, complicating the Bank of Japan's rate hike schedule as economic pressure from U.S. tariffs looms. ($1 = 147.7200 yen)