Daily Archives: 2017-01-25

New guidelines on loans for domestic workers from Philippines

Singaporean employers planning to take on domestic helpers from the Philippines can lend up to $1,100 to the workers to cover the expenses for their employment, the Association of Employment Agencies (Singapore) [AEA(S)], president K. Jayaprema announced. The AEA(S) president said, the new payment structure, which will take effect immediately, is meant to provide more clarity for workers and employers. …

Read More »

CASE: 15 complaints against furniture company, Artmani Italia

The Consumers Association of Singapore (Case) said that it had received 15 complaints against a furniture company, Artmani Italia Pte Ltd, since 1 January 2016. Cited from The Straits Times, an associate director of a recruitment agency, Ms Teo bought a $3,000 two-seater leather sofa from the company. She paid it in two instalments, one on July and the other in this …

Read More »

Istana to open grounds on 29 Jan for public visit on Chinese New Year

In celebration of the Chinese New Year the public could visit the Istana grounds on Sunday (29 Jan) from 8.30am to 6pm, the President's Office announced today (25 Jan). Members of the public can enjoy the performances of lion dance, a rooster and instrumental dance show, a sunflower dance and a Youthful Spring! dance. The public can also look forward …

Read More »

MPA: Unlicensed bunker craft operator fined $81,000

New Ocean Maritime Pte Ltd was convicted in court on 17 January 2017, for providing services in the port of Singapore without a bunker craft operator licence and was fined a total of $81,000. The Maritime and Port Authority of Singapore (MPA) brought the charges against New Ocean Maritime Pte Ltd between 3 January 2015 and 28 March 2015. It was …

Read More »

Dr Chee Soon Juan: Multi-party system must replace one-party rule for Singapore’s future survival

Dr Chee Soon Juan, the Secretary-General of Singapore Democratic Party (SDP), commented on the statement by Education Minister (Higher Education and Skills) Ong Ye Kung who stated that Singapore is a small country, so it has to stay agile, a one-party system may give Singapore its best shot at success. At the annual Institute of Policy Studies' Singapore Perspectives conference on 23 …

Read More »

S&P 500 reaches new high on favourable earnings

By Margaret Yang, CMC Markets US equities rallied last night, spurred by better-than-expected corporate earnings on Tuesday and animal spirit backed up by Trump’s new policies to support American industrial and manufacturing sectors. Materials (+2.5%), financials (1.2%), information technology (+1.0) and industrials (1.0%) were among the best performing sectors yesterday. So far, more than two thirds of the S&P 500 …

Read More »