Daily Archives: 2016-04-28

PAP states SDP’s accusations of the PAP breaching the law were “absurd”

Just following the announcement of the two candidates contesting in the Bukit Batok by-election, the candidates’ parties, the People’s Action Party (PAP) and the Singapore Democratic Party (SDP), found themselves in a debate over upgrading plans for the constituency. On 24 May, the PAP’s candidate Murali Pillai talked of $1.9 million worth of infrastructure plans by the Jurong-Clementi Town Council …

Read More »

Police announce rally sites for Bukit Batok by-election

Bukit Gombak stadium and an open field along Bukit Batok Industrial Park A have been designated by the Police as rally sites for the upcoming Bukit Batok by-election. The locations were made known by the Police on Nomination Day after the announcement of the two contesting candidates: the People’s Action Party’s (PAP) Murali Pillai and the Singapore Democratic Party’s (SDP) …

Read More »

Singaporean transgender woman allowed to stay in UK to avoid reservist

Two British judges have ruled that a 33-year-old transgender woman will be allowed to remain in the UK, despite the UK Home Office’s argument that she should be deported back to Singapore. Should she be forced to return, she would be liable for reservist military duties for two weeks a year for the next eight years. The Singaporean had been …

Read More »

Politicians and civil service must work hand in hand: PM Lee

Singapore currently finds herself in a “sweet spot” where politics and policies have worked well together, said Prime Minister Lee Hsien Loong on 26 April at the Administrative Service promotion ceremony. Nevertheless, Mr Lee noted that such good outcomes are never guaranteed and that no political system is completely fail safe. In his speech at the promotion ceremony and dinner …

Read More »

SD/JPY tumbles as BOJ surprises market by keeping rates unchanged

By Margaret Yang, CMC Markets Equities –The Nikkei 225 tumbled 4% to 16,735 at 11am Singapore time, after the BOJ announced that it will keep interest rates at -0.1% and its asset purchasing value at 80 trillion yen. USD/JPY dropped as much as 2% to 109.00 right after the announcement. This shows that too much expectation of further easing had …

Read More »

Equities rebound as no surprises from FOMC, Crude oil above $45

By Margaret Yang, CMC Markets Equities –The US market finished higher as the Federal kept rates unchanged this morning. The positive sentiment is likely to spread over to Asian markets today, as the Nikkei 225 is trading 1% higher this morning. The market is now eyeing the BOJ’s decision on the policy rate and monetary base. In Singapore, investors are …

Read More »