The Chinese property crisis will not go away anytime soon, and Standard Chartered’s losses in China due to the downturn in the real estate market there was “quite painful” but “not outsized at all”, said the bank’s CEO Bill Winters. In fact, StanChart doubled its operating profits in China in the past two years, and generated US$1.4 billion in profits last year, he said. Mr Winters, who was speaking exclusively to CNA, said he thinks the world’s second-largest economy has had a few tough years but is “structurally in extremely good shape”. Read more: https://cna.asia/4ay49D4 Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

Standard Chartered is forecasting that Bitcoin prices could reach US$250,000 next year, with its CEO Bill Winters telling CNA in an exclusive interview that there is potential for cryptocurrency to be well-regulated. He added that he can see the entire financial infrastructure shifting from the current form of securities and mutual, to different types of tokens. The bank’s “unquestioned” compliance also means people have been “flooding” into its cryptocurrency ventures, but Mr Winters said criminals do not go to StanChart because they will not get an account. Read more: https://cna.asia/4ay49D4 Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

Rosmah Mansor, wife of former Malaysia PM Najib Razak, was seen at court on Thursday (Apr 4) as her husband filed for a judicial review to serve out the rest of his 6-year prison term under house arrest.

Given the current strong state of the United States economy and a lower but still stubbornly above-target inflation, the US Federal Reserve is likely to keep interest rates “a little bit higher for a little bit longer”, said Standard Chartered CEO Bill Winters. Speaking exclusively to CNA in Singapore on Thursday (Apr 4), he noted that the world is in “a fascinating point of economic and market transition”. Read more: https://cna.asia/4ay49D4 Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

Kallang Alive Sport Management has said it will make top-tier events accessible to all groups in Singapore. These include persons with disabilities and those from lower-income families, among others. It has called on community groups to work together, so that many more will have the chance to enjoy sporting events and live performances. The firm provided around 50 free tickets for beneficiaries of the South East Community Development Council to attend the Bruno Mars concert. Aslam Shah reports.

After a 20-year hiatus, the ASEAN Club Championship is making a comeback in July, with a new sponsor on board. The regional football tournament was last held in 2005. It was cancelled due to a lack of sponsors and plans to revive it in 2019 were derailed by the COVID-19 pandemic. The revived competition is supported by e-commerce platform Shopee. Called the Shopee Cup, it will feature 12 domestic league champions or Cup winners from Southeast Asian nations. Alif Amsyar reports.

The National University of Singapore has a fourth research institute in China. The latest in Guangzhou will help commercialise research breakthroughs. Professor Hang Chang Chieh, emeritus deputy president and president advisor of the institute, and Professor Meng Qiang, director of the institute, shared more about the new NUS-Guangzhou Research Translation and Innovation Institute (NUSGRTII).

Four land parcels have been awarded for vegetable farming in Lim Chu Kang and Sungei Tengah. They are part of efforts to support Singapore's goal to produce 30% of its nutritional needs by 2030. Some 70% of plots launched over the last seven years have been taken up. The Singapore Food Agency said the winning proposals will use productive and innovative farming methods. The farms will also have eco-friendly features, such as solar panels, smart lighting and integrated waste management systems. Rebecca Metteo reports.

Calls for an acceleration in developing capacities for renewable energy -- such as solar and wind -- in Southeast Asia. This includes building more infrastructure to tap these resources. A recent study has shown that there needs to be seven to 12 times more investment in the region for countries to achieve their net-zero emission goals between 2050 and 2060. The study was conducted by Singapore's Economic Development Board and led by management consultant firm McKinsey. One challenge cited was the pace at which regulations move.

US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu are set to hold their first phone conversation since the death of seven aid workers from the World Central Kitchen in Gaza. Mr Biden has already voiced frustration over the impact Israeli operations have had on civilians in Gaza. The attack, which Israel said was a mistake, adds to international pressure already growing on Mr Netanyahu. At least 203 aid workers have been killed in Israeli attacks since the outbreak of conflict in Gaza. Sarah Coates reports from Tel Aviv.

Myanmar's civilian National Unity Government and its armed wing have claimed responsibility for drone attacks on two military bases in the country's capital city Nay Pyi Taw. If confirmed, this would be one of their most significant offensives against the military, which seized power in 2021. The Myanmar army said there had been no casualties, but local media reported at least two soldiers have been killed and 15 others injured. Leong Wai Kit reports.

Former Malaysian prime minister Najib Razak is trying to get out of jail through a judicial application. He has claimed that former king Sultan Abdullah, in issuing a partial pardon, had wanted him to serve his remaining sentence under house arrest. The pardons board had previously halved Najib’s sentence to six years and slashed his fine from RM210 million to RM50 million. Najib is to be released from prison in August 2028. Melissa Goh reports from Kuala Lumpur.

NATO leaders and their Asia Pacific partners are set to discuss China and North Korea's role in Russia's war against Ukraine. NATO has said China is propping up Russia's war economy. It has also raised concerns about Pyongyang supplying ballistic missiles to Moscow. Leaders from South Korea, Australia, New Zealand and Japan are meeting with NATO officials as the military alliance celebrates its 75th anniversary. The bloc's engagement with APAC countries, especially the four countries known as the IP4, has steadily increased in the past decade. Ishan Garg reports from Brussels.

A day on from Taiwan's 7.2-magnitude earthquake, the death toll has risen to 10, with the latest victim found on a hiking trail. 38 people remain missing or uncontactable. The island's eastern region has been shaken by hundreds of aftershocks since the quake. Dozens of missing vacationers and workers from Taroko National Park have been brought to a temporary medical station after being rescued. About 600 people remain stranded at a hotel in the same park, but are safe. Victoria Jen reports live from Hualien.

Former Malaysian prime minister Najib Razak is seeking to serve out the rest of his prison sentence under house arrest. He claims that this was an order from the former king, who chaired a Pardons Board meeting which halved Najib's sentence.

Taiwan’s earthquake alert system, which typically provides warnings minutes in advance, did not sound before a 7.2-magnitude quake struck on Wednesday (Apr 3). Geophysicist Stuart Clark tells CNA’s Asia First that while countries have such systems in place, it is ‘very very hard to predict’ a large earthquake. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

At least nine people were killed and more than 1,000 injured on Wednesday (Apr 3) by a powerful earthquake in Taiwan that damaged dozens of buildings and prompted tsunami warnings. When that happened, Singaporean Yvonne Lim, who lives in Taipei, was about to take her nap after preparing her children to get sent to school. She shares her experience with CNA’s Singapore Tonight. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

We had an ERP 2.0 on-board unit installed to try it out. Here's how it went and what you can expect. Read more: https://cna.asia/3PGOusX Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

How much do you know about Eurasian food? Mediacorp Gold 905 DJ Denise Tan gets schooled on this unique Southeast Asian fusion cuisine. On the menu: Curry debal, sugee cake, prawn bostador and feng. Read more: https://cna.asia/3xtoACF #Eurasian #food #Singapore 00:00 Introduction 00:47 Quentin’s at Sentosa 01:20: What is Eurasian food? 01:42 Devil’s curry vs curry debal 03:39 Prawn bostador 04:24 Feng 05:47 Sugee cake Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia

A cyborg cockroach that can sense body heat and navigate tight spaces in search-and-rescue missions. And a fire truck that runs fully on electricity. These are among the new technologies the Home Affairs Ministry could have at its disposal in future to keep Singapore safe and secure. Sabrina Ng checks out the new gadgets at the TechX Summit co-hosted by the ministry's science and technology arm, HTX.