Monthly Archives: June 2016

Questions from NGO about Cooling-Off Day invesigations remain unanswered by SPF

Last Friday, Community Action Network (CAN) sent an email to the Singapore Police Force (SPF) to enquire about the investigation launched upon two individuals, Teo Soh Lung and Roy Ngerng. The SPF’s investigations were over police complaints filed by the Election Department (ELD) for alleged violation of the Parliamentary Election Act during the . The Non-Government Organisation stated that it has …

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China central bank forecasts 6.8% growth, the dollar rebounds

By Margaret Yang, CMC Markets Equities – The Chief Economist of China’s central bank forecasts that the economy will grow by 6.8% in 2016, higher than the 6.5% growth estimated by both the IMF and the Asian Development Bank. The optimism has probably come from expansionary fiscal policy adopted by the policymaker, and accelerated investment into the real estate and …

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China trade balance consolidates, commodities extend gains

By Margaret Yang, CMC Markets Equities – China’s May exports rose 1.2% year on year in yuan terms, but were down by 4.1% in US dollar terms due to a 5.5% currency depreciation. Chinese exporters are facing the headwind of rising wages and a relatively strong yuan, making them less competitive. The weakness in exports also shows that the external …

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Singapore’s public servants to be cut off from internet at their work soon?

Straits Times reported on Wednesday that all computers used officially by public servants in Singapore will be cut off from the Internet from May next year to tighten data security. The newspaper states that it had learnt about a memo going out to all government agencies, ministries and statutory boards in Singapore about the Internet blockade a year from now. It …

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NCMP Leon Perera steps down from TISG advisory board with immediate effect

Non-Constituency Member of Parliament of the Workers’ Party, Leon Perera has announced that he is stepping down from the advisory board of The Independent Singapore (TISG) with immediate effect. With Mr Perera’s departure from the advisory board, only one other member remains, Mr Edmund Wee, who is the managing and creative director of Epigram. Apart from stepping down from the advisory board, Mr …

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Journalists’ killings: UN experts urge Philippines president-elect to stop instigating deadly violence

GENEVA (6 June 2016) – Two United Nations independent experts on summary executions, and on freedom of expression today urged Philippines president-elect Rodrigo Duterte to stop instigating deadly violence immediately. The experts strongly condemned Mr. Duterte’s recent statements suggesting that journalists are not exempt for assassination. Speaking at a press conference, Mr. Duterte reportedly stated that most journalists killed in the country have done something wrong. ‘You …

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Former Singaporean S-league player killed in Bangkok

By Isaac Chew Dear Singaporeans, I am writing on behalf of the grief stricken friends and family of my dearest best friend, Sivaneswaran. He was killed on the 28th of May 02:50am in an apartment in Bangkok which he shared with his lover and 4 years old son. Initial post mortem shows ‘Cerebral Anoxia’ (lack of oxygen to the brain), …

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MHA: Foreign entities should not interfere in domestic issues, especially political issues or controversial social issues with political overtones

Ministry of Home Affairs (MHA) states that the Singapore government’s general position has always been that foreign entities should not interfere in its domestic issues, especially political issues or controversial social issues with political overtones and that it will take steps to make it clear that foreign entities should not fund, support or influence events such as Pink Dot SG held …

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Russian Dollhouse: A review of Dark Room

By Ng Yi-Sheng The life of an expat wife in Singapore seems pretty perfect. After all, what could be better than being a wealthy (usually) white woman, with the privilege of going to luncheons in Sentosa Cove and spas in Bali instead of holding down a nine-to-five job? Dark Room, however, exposes the bleak truth hiding beneath the gilded façade. …

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Energy stocks rise cheerfully as crude oil returns to $50

By Margaret Yang, CMC Markets Equities – Singapore shares rallied on Tuesday, as strong crude oil prices sent stocks higher. The Straits Times Index rose 0.6%, lifted by three local banks and O&G names such as Sembcorp Marine (+6.6%), Sembcorp Industry (3.2%) and Keppel Corp (+1.5%). OCBC bank gained 0.7% after it announced the sell-off of its life insurance business …

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