Monthly Archives: February 2017

CCS clears Nissan’s 34 percent acquisition of Mitsubishi’s shares

The Competition Commission of Singapore (CCS) has cleared Nissan Motor’s acquisition of a 34 percent shareholding in its rival Mitsubishi Motors, the competition watchdog said on its media release. The media release on 6 February informed CCS had issued its clearance decision for the transaction to the two companies on 23 Jan 2017. In October last year, Nissan had acquired …

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Delayed CFE report released with seven key strategies for Singapore economic future

The Committee on the Future Economy (CFE) is a 30-member committee comprising members from different industries that operate in both global and domestic markets, as well as enterprises both large and small and was convened in January 2016 to review Singapore’s economic strategies. Just yesterday (9 Feb), CFE published their 143-page report on the proposed strategies for Singapore’s future economy. The …

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SDP: CFE rehashes old rhetoric, ignores dangers facing Singapore

Dr Chee Soon Juan, Secretary-General of Singapore Democratic Party (SDP) berated on the report produced by Committee on the Future Economy (CFE) report which was released yesterday (9 February). Dr Chee stated that the report by CFE is a rehash of ideas and strategies that have been tried and failed by its predecessors such as the Economic Strategies Committee (ESC) …

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SPF: Overall crime in Singapore decreased by 2.6 percent

Singapore Police Force has announced that overall crime decreased by 2.6 percent, from 33,839 cases in 2015 to 32,964 cases in 2016. It said that this was largely due to a decrease in four of the six crime classes, namely Violent/Serious Property Crimes, Housebreaking and Related Crimes, Theft and Related Crimes and Commercial Crimes. SPF noted that among these crime …

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ICJ reveals details of Malaysia’s application to challenge Pedra Branca’s sovereignty

The International Court of Justice (ICJ) has announced the details of Malaysia’s application to challenge a 2008 judgement to award sovereignty of Pedra Branca to Singapore. Malaysia filed an Application on 2 February for revision of the Judgment delivered by the International Court of Justice (ICJ) on 23 May 2008 in the case concerning Sovereignty over Pedra Branca, or Pulau Batu Puteh …

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Trump pledges to cut tax; dollar gains

By Margaret Yang, CMC Markets US indices had broken the records yesterday night, setting new highs with the financial and energy sectors gaining the most. The rally was largely driven by earnings optimism and President Trump’s “phenomenal” plans around tax reforms. He said that he would announce the most ambitious tax reform plan since the Reagan era in the next …

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