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Daily Archives: 2016-05-20

KHO JABING – Unfairness And Possible Errors in Thursday (19/5/2015) hearing

MADPET concerned about the unfairness of the hearing of application by Kho Jabing challenging the validity of a Court of Appeal decision because Justice Andrew Phang was on that coram. By Charles Hector, for and on behalf of  MADPET (Malaysians Against Death Penalty and Torture) Stay the execution of Kho Jabing - Have another Court of Appeal hear the appeal …

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Is POSB the people’s bank?

By Terence Lim I have always thought that POSB is the people's bank, until today. I went down to your Clementi branch to apply for a 100k home loan for a new 2 room HDB BTO. The RM referred me to your mortgage specialist who called rather promptly an hour later. It was then that she told me DBS does …

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Scoot and Tigerair to be managed by new SIA holdings company

Singapore Airlines (SIA) has established a new holding company to own and manage budget airlines Scoot and Tiger Airways. It was announced by SIA on 18 May that the company, Budget Aviation Holdings, will encompass the two budget carriers. Budget Aviation Holdings will be led by the previous CEO of Tigerair Mr Lee Lik Hsin, who had been with Tigerair …

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New passenger terminal building at Seletar Airport by end-2018

A new Passenger Terminal Building (PTB) for Seletar Airport is slated to be completed by the end of 2018, said the Civil Aviation Authority of Singapore (CAAS) and Changi Airport Group (CAG) in an announcement on 19 May. The new PTB will be built at the eastern end of the airport. According to a joint press release by the CAAS …

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CPF interest rate and HDB mortgage rate to remain unchanged

Central Provident Fund (CPF) interest rates will remain the same at 2.5 per cent interest for Ordinary Account (OA) holders, and 4 per cent interest for those with Special and Medisave Accounts. These rates for 1 July to 30 September this year were outlined in a joint media release by the CPF Board and the Housing and Development Board (HDB) …

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MOM releases revised re-employment guidelines for older workers

With the raising of the re-employment age from 65 to 67 from 1 July 2017 onwards, the Ministry of Manpower (MOM) announced a set of revised Tripartite Guidelines on the Re-employment of Older Employees on 18 May aimed to better prepare both employers and employees for the change. The plans for the raising of the re-employment age were outlined in …

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Equities, commodities and treasuries fall on fear of a rate hike

By Margaret Yang, CMC Markets Equities – Asian equities fell on Thursday, along with treasuries and commodities. In short, everything was falling as the fear of a June rate hike returned to the market. According to Bloomberg world interest rate probability, the implied chance of a June rate hike has climbed to 32% from 4% over the last two days. …

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