Daily Archives: 2016-03-17

23-year-old Singaporean with intent to join anti-ISIS militia group arrested

On 16 March, the Ministry of Home Affairs (MHA) announced the arrest of 23 year old Singaporean Wang Yuandongyi, who had intentions to join an anti-ISIS Kurdish militia group fighting in Syria. MHA revealed in a statement that Wang had left Singapore and had begun travelling to Syria earlier this year in January. He left Singapore for a third country, …

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Parliament: Cigarette displays to be banned from 2017

Amendments to the Tobacco (Control of Advertisements and Sale) Bill were passed on Monday (14 March) at the sitting of parliament. Following the changes, retailers will be required by the Ministry of Health (MOH) to use storage devices to keep tobacco products out of the direct line of sight of customers from next year onwards. In order to do so, retailers may choose …

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Fed’s dovish tone lifted stocks and treasuries; Dollar Index down

By Margaret Yang At 2 am this morning, the US Fed announced that it is keeping the target federal funds rate unchanged at 0.25-0.50% due to concerns on rising risks of global financial and economic developments. This is within expectation as the probability of a March rate hike based on Bloomberg world interest rate probability was only 4% before the …

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