Monthly Archives: July 2016

UK’s PMI disappoints, US equities extend rally

By Margaret Yang, CMC Markets Britain’s manufacturing PMI came out far below expectation on last Friday, a sign that the UK’s economy is probably facing downward pressure one month after the vote to leave the EU. The PMI data dropped to 7-year low to 49.1 as compared to the forecast of 50.0. A reading below 50.0 usually suggests industry contraction. …

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Unusually late publication of the AGO report 2015/2016

The annual auditing report by the Auditor-General Office (AGO) is unusually late this year. As of Friday, 22 July (the last working day of the week), the report has yet been published. The annual AGO report is typically published on the 1st of July each year though there had been some exceptations. But this year, it has been beyond the latest …

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Car slams into Bangkok’s Erawan Shrine – two Singaporeans injured

A car slammed into the fence of the Erawan Shrine on Friday night (July 22), injuring seven people in the compound of the popular attraction. The Toyota sedan apparently lost control, hit the fence and came to a stop inside the shrine compound at the Ratchaprasong intersection in central Bangkok, Thai Rath reported. According to the Daily News, they were paying respects …

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Democrat Hillary Clinton : Tim Kaine vice-presidential running mate

Hillary Clinton has chosen Senator Tim Kaine of Virginia as her running mate, she made the announcement via text message to supporters on Friday (July 22). Kaine is said to provide a marginal electoral benefit in his home state, but in choosing him, Clinton is making making a safe bet that will help her present the Democratic ticket as a …

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Free coverage of Rio Olympics on multiple platforms for S’pore

Broadcaster Mediacorp plans to bring the best of the Rio 2016 Olympics to local audiences for free on its multiple platforms including digital, television, radio and print. In a media statement, Mediacorp said it would present a raft of dedicated programmes and digital initiatives which will include sporting highlights, up to 12 hours of delayed Games coverage daily, and up-to-the-minute news …

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Michelin as kingmaker for global experience

By Lim Jialiang I agree that hawker food is woefully unrepresented. However, that’s not really a concern for me because Michelin is less about recognition of our food culture, but the global positioning that it brings to Singapore, and also how this can be used to court higher-value tourists. I am sure that the chefs worked incredibly hard, but when …

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Shanmugam: “More counter-terrorism forces to be deployed in coming months.”

On Friday (July 22) Mr Shanmugam, Home Affairs and Law Minister spoke to reporters at the Esplanade, after observing officers from the new Emergency Response Teams on a patrol. “I came down today to talk to the officers to get their understanding…. and the response is, moral is high, they know they are doing something extremely important for their country.” …

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48-year-old man arrested for employment scams

In a news release by the Singapore Police Force on Friday (July 22), it is said that a 48-year-old man has been arrested for his alleged role in multiple employment scams According to the police, it started to receive reports about the scam in late June. The victims, who were job seekers, posted their resumes on social media platforms, the suspect …

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India conducts search and rescue for missing military aircraft

India conduced a massive search and rescue operation for an Indian air force (IAF) plane that went missing with 29 people on board over the Bay of Bengal yesterday (July 22). The Antonov-32 transporter aircraft took off from Chennai (Madras) at 8:30am local time (10:00am S’pore), heading to Port Blair in the eastern archipelago of Andaman and Nicobar and never …

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