City Singapore Financial News
01.05 / 07:23
markets
Manufacturing
Platform
Strategy
Healthcare
trends
innovations
HarbourVest expects ‘material increase’ in India investments
Mint. The firm has at least $1.5 billion invested in India across three strategies: primary funds, secondary transactions, and direct co-investments. “We expect a material increase in investments in India.
01.05 / 06:31
Citizens
Progressive
Action
Racing
Nestle
Diversity
Singaporeans cannot disavow ethnic roots with China and India: PM Lee
China, India and religious affinities, Prime Minister Lee Hsien Loong said on Wednesday as he appealed for cohesion in his last major speech before stepping down from the leadership of the prosperous city-state in two weeks. «Social cohesion is important and race, language, and religion are traditional fault lines that will never go away for Singapore. While huge efforts have been made to build a shared Singaporean identity, the nation will always be subject to external forces that pull different segments of its population in different directions,» Lee said as he delivered the keynote address at the May Day Rally. «We cannot disavow our diverse ethnic roots and religious affinities — Chinese Singaporeans with China, Indian Singaporeans with their various ancestral homes in India, Malay Singaporeans with the rest of our region, and with the global Muslim Ummah,» Lee said impressing on the citizens of prosperous island state nestled in the heart of Southeast Asia.
29.04 / 21:23
COST
Citi
Airlines
Southern
cover
reports
International
China's longest commercial flights to begin operations. Check route, flying time
China Southern Airlines is launching China’s longest commercial flight from the southern city of Shenzhen to Mexico City. This will surpass the airline’s previous longest route from Guangzhou to New York city. While the latter covers a distance of 12871 kms, the former will cover a distance of 14147 kms, one way, as per a report on CNN. This flight from Shenzhen to Mexico city will be a 16 hour long non stop journey and the distance is expected to be covered in 16 hours. The departure from Shenzhen will be on every Tuesday and Saturday. This service will commence from May 11.
29.04 / 06:43
Food
Research
Everest
stage
reports
International
rowing
MDH, Everest row: Why Indian masala kings are under scanner abroad? Explained
Everest have come under scanner after Hong Kong and Singapore banned their spices due to “quality concerns". The health authorities in both Singapore and Hong Kong found cancer-causing pesticide called “ethylene oxide" in these masalas. It is pertinent to note that the International Agency for Research on Cancer has identified ethylene oxide as a major carcinogen.
28.04 / 06:55
Provident
DNA
Food
wellness
Everest
Fishing
stage
NOT
'We do not use ethylene oxide': MDH refutes cancer-causing pesticide allegations by Hong Kong, Singapore
Also Read | India seeks 'root cause of rejection' from Singapore, Hong Kong over ban on Everest, MDH masala The CFS issued a warning against the sale and purchase of MDH's Madras Curry Powder and Sambhar Masala, as well as Everest's Fish Curry Masala. In response, MDH stated, "We have not been approached by food safety authorities in either Hong Kong or Singapore about these findings." Also Read | Do MDH, Everest masala cause cancer? Why have Hong Kong, Singapore banned some Indian spices? Explained MDH reassured consumers, stating, "We do not use ethylene oxide at any stage of our spice production.
27.04 / 16:37
Assurant
Food
Everest
Fishing
stage
reports
testing
MDH says its products are safe; rejects pesticide allegations
spice brand, on Saturday assured consumers that its products are 100 per cent safe and rejected the allegations of the presence of certain pesticides in some products by Hong Kong and Singapore food regulators. Earlier this month, Hong Kong's Center for Food Safety (CFS) said that samples of several kinds of pre-packaged spice-mix products of two Indian brands MDH and Everest were found to contain a pesticide ethylene oxide. The CFS asked consumers not to buy and traders not to sell MDH's Madras Curry Powder (spice blend for Madras curry), Everest Fish Curry Masala, MDH Sambhar Masala Mixed Masala Powder, and MDH Curry Powder Mixed Masala Powder. In a statement, MDH said it has not received any communications from Hong Kong and Singapore food safety regulators.
27.04 / 07:33
Airlines
security
Discover
Inside
travelers
Investigations
International
Gold over Rs 70 lakh hidden in passenger's rectum seized at Trichy airport, 1.25 kg gold found in Chennai airport lavatory
smuggling, security officials have recovered gold of over 2 kgs from two airline passengers. In the first instance, officers from the Air Intelligence Unit (AIU) at Tiruchirappalli airport in Tamil Nadu seized 977 grams of 24K gold valued at Rs 70.58 lakh from a passenger who had come from Dubai. Authorities reported that the gold was hidden in three packets with 1081 grams of paste-like material inside the passenger's rectum. The passenger was traveling from Dubai to Trichy on the Air India Express. They have been detained, and additional investigation is currently in progress.
27.04 / 06:41
Reuters
Aware
Food
Everest
information
reports
gatherings
US food regulator gathering information on Indian spices after alleged contamination in MDH and Everest
U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing high levels of a cancer-causing pesticide. «The FDA is aware of the reports and is gathering additional information about the situation,» an FDA spokesperson told Reuters on Friday. Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix, saying it contains high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure.
26.04 / 07:05
UPS
Booking
Man
Airlines
security
reports
ID from app, uniform from Dwarka: How a 24-year-old UP man impersonated Singapore Airlines pilot
pilot of Singapore Airlines. The man is said to be a 24-year-old youth from Gautam Budh Nagar, Uttar Pradesh. He was booked for posing as a pilot with Singapore Airlines in front of CISF personnel. The CISF is in charge of airport security across the country.
25.04 / 12:43
markets
Food
Everest
country
information
testing
Destinations
Ready to start mandatory testing for exports to Hong Kong and Singapore, says Spices Board
Also read: FSSAI to inspect samples of spices and infant food pan-India “The board convened an industry consultation and has put in systems to commence mandatory ETO testing in spice consignments destined for Singapore and Hong Kong. Spice consignments to other countries will also be strictly monitored for the presence of ETO.
25.04 / 08:43
UPS
awards
WhatsApp
wellness
Investigations
Bank of Singapore fired up to 40 people for medical insurance claims
Something seems to be afoot in Singapore, where multiple sources say people have been dismissed from their banking jobs after being asked to repay medical insurance claims.
25.04 / 08:43
UPS
FIVE
Man
Strategy
Universities
reports
The hot new hedge fund of 2024 has been hiring from Morgan Stanley & Jane Street
Jain Global, the hedge fund founded by Bobby Jain, the former Millennium co-chief investment officer, is still hiring ahead of its launch in July. Its latestportfolio management recruits include macro traders in Singapore and Frankfurt and a formertrader from Jane Street in New York.
24.04 / 20:09
MET
Everest
Fishing
country
testing
Destinations
Spices exports to Hon Kong, Singapore to undergo mandatory testing
Singapore and Hong Kong. ETO is a pesticide classified as a carcinogen. The move follows a ban imposed by the two countries on certain spices exported by Indian brands MDH and Everest. Singapore and Hong Kong have alleged the presence of ETO in certain spices exported by the two companies. The government also said spice consignments to other countries will also be strictly monitored for the presence of ETO.
24.04 / 20:09
markets
UPS
Citi
CEO
pandemic
country
play
How NRIs helping elevate India's realty play
NRIs) are contributing nearly a fourth to the total residential sales at large developers, up from 7-10% before the pandemic, as top cities continue to see price appreciation and rising demand. According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country's biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about ₹1,800 crore) in NRI sales.
23.04 / 12:25
Food
Everest
reports
testing
Department
India seeks 'root cause of rejection' from Singapore, Hong Kong over ban on Everest, MDH masala
PTI's report citing an official, the commerce ministry has sought technical details, analytical reports and the details of the exporters whose consignments have been rejected. Details from Singapore Food Agency and Centre for Food Safety, and Food and Environmental Hygiene Department, Hong Kong have also been sought, the official said.
23.04 / 10:27
Action
Food
Everest
reports
testing
Department
India seeks details from food regulators of Singapore, Hong Kong after quality concerns
India, the world's largest producer, consumer and exporter of spices, has sought details from food safety regulators of Singapore and Hong Kong, which has banned certain spices of Indian brands MDH and Everest due to quality concerns. The commerce ministry has also directed Indian embassies in both Singapore and Hong Kong to send a detailed report on the matter. The ministry has also sought details from the Indian firms — MDH and Everest, whose products have been banned for allegedly containing pesticide 'ethylene oxide' beyond permissible limits. «Details have been sought from the companies. Root cause of the rejection and corrective actions will be determined along with the exporters concerned,» a commerce ministry official said.
23.04 / 10:14
Booking
Parke
MakeMyTrip
reports
travelers
International
Destinations
More Indians travelling now; searches for spiritual destinations nearly doubled in last 2 years: MakeMyTrip report
Ayodhya grew 585 per cent in 2023 as compared to 2022. It was followed by a 359 per cent jump for Ujjain and 343 per cent rise in searches for Badrinath. It also highlighted that from Delhi, the top searched destinations were Rishikesh and Amritsar.
23.04 / 09:26
Provident
Mobile
Paxful
Inside
reports
travelers
Diamonds in noodles, gold in underwear: Mumbai customs seize ₹6.46 crore in smuggled valuables; 8 arrested
₹6.46 crore, PTI reported while citing an official. Customs officials arrested eight passengers who had over 6.815 kg of gold worth ₹4.44 crore and diamonds valued at ₹2.02 crore last weekend, according to a statement released late April 22 night. An Indian traveller going from Mumbai to Bangkok was caught with diamonds hidden in noodle packets inside his suitcase.
23.04 / 09:22
Action
Food
Everest
Fishing
testing
Everest says spice mixes are ‘safe for consumption' after regulator order in Singapore, ban in Hong Kong
also initiated quality checks on Everest products on April 22. Also Read | Do MDH, Everest masala cause cancer? Why have Hong Kong, Singapore banned some Indian spices? Explained "Exports are cleared only after receiving necessary clearances and approval from the laboratories of the Spice Board of India. Singapore held only one of 60 Everest products for examination," company director Rajiv Shah said.
23.04 / 07:54
COST
Citi
Man
Death
War
Courts
Investigations
Baltimore leaders accuse ship's owner and manager of negligence in Key Bridge collapse
Baltimore's mayor and city council are calling for the owner and manager of the cargo ship that took down the Francis Scott Key Bridge to be held fully liable for the deadly collapse
23.04 / 06:47
markets
Manufacturing
Action
Food
Everest
reports
testing
FSSAI to inspect samples of spices and infant food pan-India
NEW DELHI : India's top food regulator, the Food Safety and Standards Authority of India (FSSAI), will conduct sampling of major spice and infant nutrition brands in India, a senior government official said requesting anonymity. The move follows two separate reports of alleged food violations by brands in spices and infant nutrition categories. FSSAI has deployed state food commissioners and issued orders for samples of major spice brands to be taken from their manufacturing units pan-India, the official said.
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