Latest news with #SERT
Yahoo
19 hours ago
- Yahoo
Suspected shooter who fired at Milwaukie officers on the run
PORTLAND, Ore. (KOIN) — A suspected shooter is on the run after officials say he fired shots at Milwaukie officers, then crashed his car during a police chase into Southeast Portland early Friday morning. Just before 3 a.m., Milwaukie police said one of their officers on patrol stopped a vehicle in the 11000 Block of Southeast Oak Street, finding both the driver and a female passenger inside. Police investigate 'improvised explosive' which led to I-5 closure, suspect arrested After finding the driver – identified as 42-year-old Loony John Franklin Toon – had an outstanding felony warrant, another officer responded, placing spike strips under the back tires to prevent Toon's escape. Police said Toon – who previously went by the name John Kolb – then reversed the car, backed into a police vehicle, ran over the spike strips and sped away along Highway 224. During the ensuing police chase, Toon fired a pistol out the window in the direction of Milwaukie police officers following behind, officials said. When Toon's vehicle eventually crashed near railroad tracks on Southeast Tacoma Street and 26th Place in Portland, he ran into the Eastmoreland Golf Course. Hazmat spill on I-205 North causes delays after crash Portland police officers then responded, temporarily blocking off the golf course to Southeast Bybee Boulevard and bringing in SERT and Crisis Negotiation teams for a search, During the search, MAX service was also disrupted and freight trains were halted in the area. PPB said neighbors in the Eastmoreland area got a text alert to stay inside as police also searched the wider area. Despite some possible leads, they were unable to find Toon, the tactical teams ended their search and the neighborhood alert was lifted. However, police caution anyone who sees Toon to not approach him, as he is considered armed and dangerous. During the chase, Milwaukie police said no officers were injured and none fired their weapons. Additionally, officials said the passenger stayed at the scene and she is cooperating with the investigation. Stay with KOIN 6 News as we continue to follow this story. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Straits Times
27-05-2025
- Business
- Straits Times
Acting Transport Minister Jeffrey Siow, SBF chair Teo Siong Seng join Economic Resilience Taskforce
Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow will join the Singapore Economic Resilience Taskforce. PHOTO: BT FILE SINGAPORE - Changes have been made to the composition of the Singapore Economic Resilience Taskforce (SERT) following the new Cabinet line-up announced on May 21. Acting Transport Minister and Senior Minister of State for Finance Jeffrey Siow has joined the task force, while Minister for Education and Minister-in-charge of Social Services Integration Desmond Lee will leave SERT. Newly elected Singapore Business Federation (SBF) chairman Teo Siong Seng will replace former chairman Lim Ming Yan as SBF's representative. The changes will take effect immediately, said the Ministry of Trade and Industry, the SBF, the National Trades Union Congress (NTUC) and Singapore National Employers Federation (SNEF) in a joint media release on May 27. Deputy Prime Minister Gan Kim Yong, who chaired the task force, said: 'SERT's mandate remains unchanged. We will continue to work with our tripartite partners to help our businesses and workers navigate the current uncertainties in global trade.' The other members of the task force include: Minister for Digital Development and Information Josephine Teo Minister for Manpower and Minister-in-charge of Energy and Science & Technology Tan See Leng Minister for National Development Chee Hong Tat NTUC secretary-general Ng Chee Meng SNEF president Tan Hee Teck The task force was announced by PM Wong on April 8, after US President Donald Trump on April 2 said he would impose sweeping tariffs on all imports, including goods from Singapore. DPM Gan first hinted of possible changes to SERT's composition on May 16 while updating the media about its progress on trade talks with the US. He said while a 10 per cent baseline tariff on Singapore remains non-negotiable, there is hope that the Republic may be spared from an upcoming sectoral levy on its pharmaceutical exports. He added the Government is ready to enhance existing schemes to help workers and businesses if the global economy weakens further due to tariff-induced uncertainties. Join ST's Telegram channel and get the latest breaking news delivered to you.
CNA
27-05-2025
- Business
- CNA
Jeffrey Siow to join task force on US tariffs, Desmond Lee to step off after Cabinet changes
SINGAPORE: The Singapore Economic Resilience Taskforce (SERT) announced changes to its line-up on Tuesday (May 27). Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow will join the taskforce, while Minister for Education Desmond Lee will leave SERT. Newly-elected Singapore Business Federation (SBF) chairman Teo Siong Seng will also replace former chairman Lim Ming Yan as the SBF representative. The changes will take effect immediately, said the SBF, the Ministry of Trade and Industry, the National Trades Union Congress (NTUC) and Singapore National Employers Federation (SNEF) in a joint media release. All other members of SERT will remain the same. The task force was formed in April to help businesses and workers tide through tariffs imposed by the United States. Chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, the task force comprises seven other members: The task force's composition was adjusted following the recent Cabinet and SBF council appointments, Mr Gan said. 'SERT's mandate remains unchanged. We will continue to work with our tripartite partners to help our businesses and workers navigate the current uncertainties in global trade,' he added.
Independent Singapore
20-05-2025
- Business
- Independent Singapore
Singapore in talks with banks to boost business financing amid tariff woes
SINGAPORE: Singapore is in talks with banks to improve financing schemes for local businesses after they expressed concerns over cancelled or delayed orders and worries about receiving payment from their customers amid ongoing trade tensions. According to the Singapore Business Review, on Friday (May 16), Deputy Prime Minister Gan Kim Yong said at the media doorstop of the Singapore Economic Resilience Taskforce (SERT) that they are talking to the banks and reviewing various financing schemes already in place to see whether they are adequate and if there is room to enhance them. He added that they are preparing schemes that can be rolled out, if needed, to help companies address their specific areas of concern. Mr Gan explained that some orders had been delayed or cancelled, which would affect their revenue and cash flow. He noted that some businesses were concerned about their working capital, adding that these were the immediate issues they wanted to address. See also Singapore sells Australia petrol at $0.45/L While Mr Gan called the recent decision by the US and China to cut tariffs an encouraging development, he said this is just the starting point and the outlook remains 'very uncertain,' especially at the end of the 90-day U.S. reciprocal tariff pause. He said, 'I think the journey will be quite long. It will take time for the two countries to come to an agreement with one another; whether they will eventually be able to come to an agreement is, again, uncertain.' Mr Gan said SERT has been working with local businesses to help them prepare for the impact of tariffs. They have also spoken to workers and households, who raised concerns about job security and the rising cost of living. He added that the focus for workers is on creating more job opportunities. The government has already launched training programmes and is involving schools in providing job placement support. The government recently rolled out a new S$500 tranche of CDC vouchers to support households. Mr Gan said this would help Singaporean households cope with an economic slowdown. /TISG Read also: Regional and domestically exposed sectors replace US export-oriented stocks in RHB's Top 20 Small Cap Jewels 2025 Featured image by Depositphotos (for illustration purposes only)
Malay Mail
16-05-2025
- Business
- Malay Mail
Singapore DPM: Asean set to conclude Atiga talks by month's end to lower tariffs, remove trade barriers
SINGAPORE, May 16 — Negotiations to upgrade the Asean Trade in Goods Agreement (ATIGA), chaired by Singapore, are nearing completion and expected to conclude by the end of this month, said Singapore Deputy Prime Minister Gan Kim Yong. Gan, who is also the Minister for Trade and Industry, said the move reflects Asean's strong commitment to deeper integration and regional cooperation. He said the upgrade seeks to further lower tariffs and remove non-tariff barriers to facilitate trade among Asean member countries. 'We are close to concluding the negotiation of ATIGA. This is an important step forward that will signal to the world that we continue to want to be able to work with one another, we continue to trade with one another and we continue to push ahead with Asean integration,' he told a media doorstop on Friday. He noted that there is also discussion among Asean members on the possibility of strengthening partnerships with other organisations such as the European Union and the Gulf Cooperation Council (GCC). Gan who is also the chair of the Singapore Economic Resilience Taskforce (SERT) also reiterated Singapore's commitment to deepening its partnership with like-minded partners, especially Asean, as part of the country's long-term approach to navigating uncertainties and enhancing economic resilience following the US tariffs. He said Singapore would continue to strengthen and deepen partnerships, including through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP), to open up more opportunities. Meanwhile, Gan said Singapore is currently focusing its negotiations with the US on sectoral tariffs, such as pharmaceuticals, as Washington is not likely to back down on the 10 per cent baseline tariffs it has set on most countries, including Singapore. He said the negotiations include potential concession for Singapore or preferential tariffs—possibly even zero tariffs—for pharmaceutical exports to the US. Gan noted that since US imports to Singapore already enjoy zero tariffs, the United States is likely to focus on facilitating smoother trade flows and enhancing the security of supply chains. The US had previously announced its intention to introduce tariffs on sectors such as pharmaceuticals and semiconductors. Meanwhile, Gan said the outlook remains uncertain for Singapore and the global economy despite positive developments from the US-China trade talks. 'What will happen at the end of the 90 days is still a big question mark, it is yet to be known, and whether the negotiations with the other countries will progress smoothly, whether they will eventually settle at a level that is mutually agreeable and workable is something yet to be seen,' he said. — Bernama
