2 years’ probation for teen who bit cop and also caused spinal cord injury
SINGAPORE – A youth who left a policeman with a spinal cord injury and superficial bite wounds was on Tuesday (Jan 5) sentenced to two years’ probation. As part of […]
Parliament: World Economic Forum participants in Singapore to undergo rigorous Covid-19 testing
SINGAPORE – Participants attending the World Economic Forum (WEF) in Singapore this May will have to abide by strict public health requirements, said Minister of State for Trade and Industry Alvin […]
Parliament: Plans to make energy greener, more reliable as Singapore rebounds from 2020 electricity demand fall, says Tan See Leng
SINGAPORE – Overall electricity demand in Singapore is expected to have fallen by between 2 per cent and 4 per cent last year due to the Covid-19 pandemic, but energy […]
Bitcoin falls, bringing dizzying rally to a halt
NEW YORK (BLOOMBERG) – Bitcoin fizzled in trading on Monday (Jan 4) as the famously volatile cryptocurrency pulled back after a spectacular new-year rally. Prices fell as much as 17 […]
China delistings threaten $190 billion US fundraising boom
NEW YORK (BLOOMBERG) – For more than two decades Chinese companies have turned to the US stock market for capital and international prestige, raising at least US$144 billion (S$190 billion) […]
OCBC again cuts interest rates on flagship 360 savings account
SINGAPORE (THE BUSINESS TIMES) – OCBC will again lower the interest rates on its flagship savings account, marking its fourth round of revisions since May last year. From Feb 1, […]
US stocks tumble ahead of Georgia Senate vote
NEW YORK (AFP) – Wall Street stocks stumbled on Monday (Jan 4) in the first session of 2021 on anxiety over the Georgia Senate runoffs and worries about a slower […]
Pinduoduo worker’s death renews scrutiny over work culture
BEIJING • The recent death of a Pinduoduo employee renewed criticism of the long hours commonly practised at China’s tech companies, which are already under scrutiny by regulators for anti-competitive […]
Gardens by the Bay restarts full light and sound show from Friday
SINGAPORE – Visitors to Gardens by the Bay will get to enjoy the full suite of its light and sound show from this Friday (Jan 8) as Singapore moves into phase […]
KTV outlets may now opt to be exempted from Covid-19 test
SINGAPORE (TNP) – Selected karaoke outlets may be allowed to reopen without their customers needing to take a Covid-19 swab test as part of the pilot programme, said the Ministry of […]
Parliament to be live-streamed for the first time on Monday
SINGAPORE – Parliamentary proceedings will be live-streamed for the first time on Monday (Jan 4), said the Ministry of Communications and Information (MCI) in a statement. The live streaming will […]
New bus terminal for Bukit Panjang opens on Jan 23
SINGAPORE – A new bus terminal for Bukit Panjang will open from Jan 23, according to a Facebook post by the Land Transport Authority on Monday (Jan 4). The Gali […]
Singapore students account for more than half of world’s perfect scorers in IB exams
SINGAPORE – Amid a Covid-19 pandemic which has disrupted learning, students from Singapore who sat the International Baccalaureate (IB) diploma exams last November have managed to outshine their global counterparts […]
Opec+ warns of risk to oil recovery from resurgent Covid-19 pandemic
LONDON (BLOOMBERG) – Opec warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider another increase in production. […]
Singapore economy shrinks 5.8% in 2020 after contraction eases to 3.8% in Q4: Flash data
SINGAPORE – Singapore’s economy contracted by 5.8 per cent for the whole of 2020, according to the Ministry of Trade and Industry’s (MTI) advanced estimates released on Monday (Jan 4). […]
Australia home prices end rocky 2020 on recovery track
SYDNEY (REUTERS) – Australian home prices climbed for a third straight month in December as 2020 ended on a strong note across major cities and regional markets, with analysts expecting […]
New US law closes key money-laundering, tax evasion channel
WASHINGTON • A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to […]
Market volatility, giant valuations prompt warnings of IPO bubble
NEW YORK • The initial public offering (IPO) market is manic. Stocks have not been this expensive since the dot.com era. The Nasdaq 100 has doubled in two years, leaving […]
Robinsons’ last outlet at Raffles City to close by Jan 10; multi-buy discounts on offer
SINGAPORE – Robinsons will close its last store at Raffles City by Jan 10, bringing 162 years of history to an end. Liquidator KordaMentha told The Straits Times that while […]
Morning Briefing: Top stories from The Straits Times on Jan 3
Good morning! Here are our top stories to kick-start your Sunday, Jan 3. Malls and restaurants buzzing on first weekend of Singapore’s phase 3 reopening Strong winds and wet weather […]