Monthly Archives: July 2016

Fire broke out at 27 Boat Quay, Penny Black bar

Fire broke out at about 10 am this morning at a bar, Penny Black which is located at 27 Boat Quay. The Singapore Civil Defence Force had earlier posted on its Facebook page about the incident, saying that one staff suffered a minor burn injury. However, the staff refused to be taken to the hospital. The SCDF said that the …

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Indonesian Cabinet reshuffles to strengthen country’s economy

Indonesia – President Joko Widodo has named a new Cabinet, aiming to strengthen Indonesia’s economy in order to address global economic challenges. Speaking at a press conference at the State Palace on Wednesday, President Jokowi pointed out challenges such as poverty, economic inequality and regional quality, stressing that measures to address these issues needed to be stepped up. Only fast actions …

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GIC 20 year real returns fall to 4% due to higher inflation and difficult markets

By Chris Kuan In its annual report released yesterday, GIC, Singapore’s sovereign wealth fund, has reported that its 20 year USD-based real rate of return has fallen from 4.9% to 4.0%. Before the anti-government zealots fall over themselves with claims of incompetence, much of the fall is due to the increased inflation rate. In last year’s report, the applicable long …

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Air Asia: No free tickets for online survey

Over the past week or so, a survey was spread online via social media that AirAsia is giving away free tickets to those who is willing to spend some time to fill in a survey about the airline and to share the “offer” with their friends on Facebook. However, AirAsia has declared on its Facebook page, that the survey was …

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The Sportshub Tragedy of the NDP 2016

After several National Education previews, and with the National Day Parade (NDP) all but two weeks away, many attendees of the rehearsals have thus far agreed on one thing – the Singapore Sportshub should never host another NDP ever again. This is despite the fact that the taxpayer will be contributing almost $40 million towards the NDP 2016. In perspective, the …

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Four money lessons from Califonia Fitness closure in Singapore

By SingSaver.com.sg Customers lost thousands of dollars when California Fitness closed its branches in Singapore. Avoid making the same mistake by learning these money lessons. California Fitness, once the icon of mega gyms in Singapore, closed all its branches last week. It left hundreds of angry customers in its wake, who now face the loss of several thousand dollars from expensive prepaid …

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LTA: Average daily ridership tripled on Downtown Line in 2015

SINGAPORE – The Land Transport Authority (LTA) in a press release on Wednesday (27 July) said that average daily weekday ridership has tripled from 83,000 in October 2015 – before the Downtown Line (DTL) 2 opened – to more than 250,000 as of mid-July this year. The average number of weekday journeys on public transport along the DTL corridor also …

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Singapore PM’s visit is chance to address censorship, LGBT protections

United States President Barack Obama should press visiting Prime Minister Lee Hsien Loong to address the Singapore government’s severe restrictions on fundamental freedoms, Human Rights Watch said today. President Obama will meet with Prime Minister Lee in Washington, DC, on 2 August 2016. “President Obama should make it clear to Prime Minister Lee that Singapore’s increasing repression of its own …

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