It’s Gates versus Musk as world’s richest spar over bitcoin
NEW YORK (BLOOMBERG) – Unless you’re the world’s richest person, you shouldn’t be buying bitcoin. That’s the message from Bill Gates – the third richest. With a rally of more […]
Morning Briefing: Top stories from The Straits Times on Feb 26
Good morning! Here are our top stories to kick-start your Friday, Feb 26. Mayor Denise Phua rebuts Pritam Singh on relevance of CDCs and mayors Denise Phua roundly rejected the suggestion that […]
GameStop jumps nearly 19%; ‘meme stocks’ fade after another wild ride
NEW YORK (REUTERS) – GameStop shares rallied on Thursday (Feb 25), finishing with double-digit gains despite a sharp retreat from session highs and leading a surprise resurgence of so-called “stonks” […]
Auditor EY replaces Germany boss after Wirecard scandal
FRANKFURT AM MAIN (AFP) – Auditing group EY on Thursday (Feb 25) announced that it was replacing the head of its German office as it moves to “restore trust” following […]
US stocks tumble on inflation worries, S&P 500 down 2.5%
NEW YORK (AFP) – Wall Street stocks were sharply lower following an ugly session on Thursday (Feb 25) as US Treasury yields hit a new 52-week high amid ongoing investor […]
From The Backbench
GAN THIAM POH (ANG MO KIO GRC) Extending childcare leave amid Covid-19 Mr Gan noted that currently, if a young child falls sick, he is given at least five days […]
Parliament: Singapore not expected to move out of phase three any time soon
SINGAPORE – Singapore is not expected to move out of phase three of its reopening any time soon, said Senior Minister of State for Health Janil Puthucheary on Thursday (Feb […]
Govt to review 3 areas to ensure abuse of Myanmar maid who died doesn’t happen again
SINGAPORE – The abuse suffered by Myanmar domestic helper Piang Ngaih Don must never happen again, and the Government is reviewing three key areas to ensure this. Speaking to the […]
Nearly 400 animals born in 2020, including first Malayan tiger cubs in over 20 years: WRS
SINGAPORE – Nearly 400 animals, including some critically endangered and threatened species, were born in local wildlife parks last year, Wildlife Reserves Singapore (WRS) said on Thursday (Feb 25). Among […]
MOM to carry out 300 more checks in high-risk workplaces after 7 deaths from accidents in Feb
SINGAPORE – Following a spate of workplace accidents this month which saw seven people killed, the Ministry of Manpower (MOM) is adding 300 inspections in high-risk industries. In a Facebook post […]
Police report made against fake ICA website; authority says no data compromised
SINGAPORE – The Immigration and Checkpoints Authority (ICA) has filed a police report against a fake website that looks identical to its official website. In a statement on Thursday (Feb […]
New Zealand central bank to consider housing in rate setting in move to cool prices
WELLINGTON (BLOOMBERG) – New Zealand’s government will require the central bank to take account of house prices when it sets interest rates, stepping up efforts to rein in a rampant […]
UOB posts 32% drop in Q4 profit to $688 million
SINGAPORE (REUTERS) – United Overseas Bank reported a 32 per cent fall in quarterly profit as Singapore’s smallest listed bank said its net interest income declined and credit losses swelled. […]
These Covid-19 billionaire fortunes are fading with the vaccine rollout
SEOUL (BLOOMBERG) – In the healthcare industry, the coronavirus pandemic led to big fortunes, fast. Now some of them are evaporating just as quickly. Take Seegene, a maker of Covid-19 […]
Meme stock mania flares up anew after GameStop shares triple
NEW YORK (BLOOMBERG) – A flurry of buying that doubled GameStop shares on Wednesday afternoon (Feb 24) spread to a dozen other meme stocks at the centre of last month’s day trader-fueled […]
New global R&D head for TikTok to be based in Singapore: Sources
BEIJING (REUTERS) – ByteDance plans to move the chief of its Chinese news aggregator Jinri Toutiao, Zhu Wenjia, to Singapore to head global research and development for its hit short […]
Parliament: Height-based outdoor activities will remain suspended pending MOE review
SINGAPORE – All height-based outdoor educational activities will remain suspended until a review by the Ministry of Education (MOE) is complete, Education Minister Lawrence Wong told Parliament on Wednesday (Feb […]
Four F&B outlets ordered shut for Covid-19 breaches over CNY, 234 people fined
SINGAPORE – Club One Min in Concorde Shopping Mall and Jin Jin Eating House in North Bridge Road are among four food and beverage outlets ordered to close for breaching […]
Last 4 members of unlawful 12-person gathering on Lazarus Island fined $3,000 each
SINGAPORE – The last four members of a 12-person group who spent a day on Lazarus Island last year in breach of Covid-19 rules were fined $3,000 each on Wednesday […]
Man accused of laundering over $10m in Covid-19 scam has case postponed after falling sick
SINGAPORE – A 40-year-old man who was to face charges over allegations that he had laundered more than $10 million in a Covid-19 scam had his case postponed after coming […]