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  1. COVID-19 antigen rapid test (ART) kits for self-testing will be "sold by pharmacists" to the public from Jun 16, said the Ministry of Health (MOH) on Thursday (Jun 10). These self-test kits have received interim authorisation from the Health Sciences Authority (HSA) to be sold to the general public. The kits are: Abbott PanBio COVID-19 Antigen Self-test, QuickVue At-Home OTC COVID-19 Test, SD Biosensor SARS-CoV-2 Antigen Self-Test Nasal, and SD Biosensor Standard Q COVID-19 Ag Home Test. These tests produce results in less than 20 minutes, said the Health Ministry. "They are simple to use, they can be self administered. From next week, Jun 16, these kits will be dispensed by pharmacists at selected retail pharmacies. We will then open up for counter sales at more retail locations progressively," said Health Minister Ong Ye Kung at a multi-ministry task force press conference. Sales will initially be limited to 10 ART kits per person to ensure that there are "adequate supplies for all”, said the Health Ministry's director of medical services Kenneth Mak. But as more supplies are made available for retail sales, authorities will "eventually allow test kits to be freely purchased", he said. Prof Mak said: "The ART self-test kits complement our overall surveillance strategy. "These fast and easy-to-use tests allow us to detect infected cases more quickly, in particular among individuals who do not have acute respiratory infection symptoms, but are concerned that they may have been exposed to Covid-19." This might be for people who had been to a place that a confirmed case had visited, for instance. The four self-test kits that have been granted interim authorisation by the Health Sciences Authority (HSA) for sale to the public are the Abbott PanBio Covid-19 Antigen Self-Test, the Quidel QuickVue At-Home OTC Covid-19 Test, the SD Biosensor Sars-CoV-2 Antigen Self-Test Nasal, and the SD Biosensor Standard Q Covid-19 Ag Home Test. In response to media queries, Watsons Singapore said it will be retailing the Abbott and Quidel QuickVue test kits at all pharmacy stores in phase one of the test kit roll-out. "We would be keeping with MOH’s recommended guidelines on retail selling price, which will range from approximately $10 to $13 per test kit," it said. MOH said: "Individuals who have a positive result for their ART self-test should immediately approach a Swab And Send Home public health preparedness clinic for a confirmatory polymerase chain reaction (PCR) test. "They are then required to self-isolate until they receive a negative PCR test result." Meanwhile, those who test negative on their self-test ART should still stay vigilant and adhere to prevailing safe management measures, MOH said.
  2. REGISTRATION HAS BEEN CLOSED MCF MarkDown this June brings you ŠKODA, a ŠMART brand that sparks joy. ŠKODA brings you the ŠKODA Octavia 1.4L,one of the most generous mid-sized cars in terms of legroom and economical non-hybrid saloon car (official fuel consumption of 5.2L/100km), and packed with ŠMART details that make this car an excellent choice for families The ŠKODA Octavia provides with excellent value, superb quality and reliability since it was introduced in 1996, and in the form of a fast-back sedan, it is incredibly spacious for a car of its size. And now in its third generation, the punchy 1.4L turbocharged Octavia is arguably the best line-up of engines, as it combines impressive speed with good economy. We have arranged an exclusive test drive event with ŠKODA and not only that! There will be a special price announcement during the event for all the participant who wants to own a ŠKODA on that day; They can enjoy exclusive deals and promotion during the day! REGISTRATION HAS BEEN CLOSED With news like this, everyone Singaporean must be disheartening. But fret not! MyCarForum has partnered with ŠKODA to bring you the best deal in town. Join us to test drive the ŠKODA car that you will like and win Lucky Draw worth up to $400 that day! Date: June 8, 2019, Saturday Time: 10am – 1pm (Registration starts at 9.30am.) Venue: ŠKODA Singapore, 26 Leng Kee Road, Singapore 159104 Registration Fee: $10 per registrant (Free goodie bag worth $50 for every registrant) REGISTRATION HAS BEEN CLOSED *Limited to 40 participant. Successful registrants will be contacted via phone or e-mail. Payment will be processed only if your registration is successful (payment must be made via Visa or Mastercard). Terms and Conditions There will be a registration fee of $10 once you have confirmed your attendance. The participating party agrees to pay the registration fee when they confirm their attendance for the event. The Management of MCF will remunerate the registration fee in a form of $15 shopping voucher or grocery voucher during the event. Registration closes on 31 May 2019.
  3. uh oh.... i/r going up anytime soon? High debt-GDP ratio could hurt in face of global slowdown Bylivia yap THE rapid rise in household debt here, coming amid the uncertainty of global financial markets, has been red-flagged. Kelvin Tay, the regional chief investment officer for the Southern Asia-Pacific for UBS Wealth Management, said the high household debt levels, coupled with high property prices, could make Singapore vulnerable to a rise in unemployment, a reduction in incomes and asset deflation if a slowdown in global economic markets happens. Singapore's household debt - total consumer loans of Domestic Banking Units - stood at 279 per cent of the total gross domestic product in the first quarter of this year, up from 177 per cent in the corresponding quarter in 2007. The 279 per cent figure is even higher than the 198 per cent recorded in the first quarter of 2009, after the 2008 financial crisis. Mr Tay said 80 per cent of household debt here is made up of mortgages, which, coupled with the climb in property prices since 2009, explains why household debt as a percentage of GDP shot up so sharply from 2007. He said: "With (household debt) at such significant levels, it will be difficult for the government or policy makers to stimulate demand to offset the sluggish exports we are currently experiencing." This has been worsened by panic selling of risk assets, such as US high yield and Asian local currency bonds, since the US Federal Reserve's indication last week that it might start tapering its bond-buying programme later this year. Mr Tay said a rise in US treasury yields usually leads to a rise in Singapore government bond yields. As the USD is a major component in the basket of currencies used to manage the SGD, interest rates here usually follow the trends of USD interest rates. "Given the sharp rise in credit growth over the last few years, I would not be surprised if an increase in interest rates is followed by deterioration in the loans portfolio of banks and other financial institutions; this would in turn lead to a tightening of credit supply and a higher cost of financing for credit in general." He still believes the Asian market will continue growing, despite the impending halt of liquidity from the Fed. He rejects the notion that this could lead to a repeat of the Asian financial crisis "because the circumstances of both the global economy and, more importantly, the Asian economies, are now very different from 1994". Mr Tay said the Asian economies, excluding Japan, have strong fundamentals, with total foreign exchange reserves comprising more than half the world's GDP (52 per cent), much higher than in 1994 (23.6 per cent). Corporate balance sheets are similarly healthy, and although the net debt-to-equity ratio increased to 26.1 per cent from 18.3 per cent after the Lehman Brothers' crisis in 2008, this is still well below the 41.8 per cent in 1994, when the Fed began to raise interest rates. Despite a relatively sharp rise in debt over the past few years, the gross debt-to-GDP ratio for Asian economies excluding Japan averaged 46.4 per cent, with GDP growth for this year and the next likely to average 6.3 per cent. This is well above the 3 per cent growth rate for the world. Mr Tay said: "In short, the Asian story not only remains intact, but is also more attractively valued than before. "Compared to the years just before the Asian financial crisis, Asia excluding Japan has significantly more FX reserves, lower net debt-to-equity levels and sovereign debt levels and healthy growth rates."
  4. Lightspeed

    http://www.skoda-auto.com/en/models/rapid-spaceback/overview Wonder if this will ever reach our shores (together with the new vRS) Quite like the looks of it.... the local dealer seems to be stagnant currently .... "no sound no picture"
  5. Super pics of how they transformed the dodgy looking Rapid into the Rabbit AK-47 Links Transformation Glamour Shots
  6. ST, 27/09/06 Firm will improve training and review resource allocation: Camry chief engineer TOYOTA Motor expanded too rapidly and, as a result, did not devote enough time to maintaining quality for some of its products, admitted the carmaker's chief engineer for the new Camry. Mr Yasuyuki Kawamoto, who unveiled the new executive sedan at the Ritz-Carlton, Millenia Singapore yesterday, said rapid expansion was the reason for the spate of recalls that Toyota had to initiate in the last few months. 'I believe we've expanded fast, and as our volume increased, our development work could not catch up,' said the 48-year-old, who is one of Toyota's youngest chief engineers. From being the world's fourth-largest vehicle maker in 1999, Toyota has overtaken Volkswagen and Ford to become No. 2. It is now on the verge of beating No. 1 General Motors (GM). To achieve this, it makes cars in various countries, primarily the United States, Europe, Thailand and China. More than half of the nine million vehicles it produces are made outside of Japan. Mr Kawamoto said that maintaining consistent quality is a top priority. 'This is the main challenge of globalisation. 'Whether we overtake GM is not that important. We must have the range of cars that people want and maintain our standard of quality.'' He added that Toyota has realised its mistake and is making 'drastic adjustments' to address the quality issue. 'If there are models we can delay, we will delay. Also, we are reviewing our allocation of resources,' he said, referring, in particular, to outsourcing. 'Some of these outside resources are not used to the Toyota way.' From within, the company will raise efforts to nurture and impart know-how to younger workers whom, he admitted, were 'a little different' from the older generation. There had been reports blaming Japan's quality lapse on the country's repudiation of lifelong employment and a seniority-based system for American-style performance-based rewards. This had apparently led to workers taking a short-term view of their careers, with little or no loyalty to the company. Meanwhile, quality lapses have prompted the Japanese government to call on Toyota and Sony - which had to recall faulty laptop batteries - to buck up. Influential motoring quality consultants JD Power has even placed South Korea's Hyundai ahead of Toyota at the top spot for the first time in a recent poll. Mr Kawamoto said, however, that the Camry is still one step ahead of the Hyundai Sonata - its direct South Korean rival. 'Before Hyundai made the new Sonata, it studied the previous Camry closely. But before we made the new Camry, we studied the new Sonata closely. On the surface, the quality of the two cars looks very similar. But deep down, the Camry has better durability,' he said. Buyers here seem to agree. Since Toyota agent Borneo Motors started taking orders for the car in June, it has collected more than 1,300 bookings - or 350 units a month. In the first eight months of the year, Hyundai sold 560 Sonatas, or about 70 a month.
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