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Monthly Archives: May 2017

Singapore shares consolidate, China PMI beats expectations

by Margaret Yang, CMC Markets Singapore shares have entered into consolidation phase since mid-May, due to a lack of fresh catalysts and a need for profit taking, after nearly four months of rallying. The Straits Times Index slid to around 3,200 points, down from recent peaks of 3,275. Breaking below the psychological support level of 3,200 will probably open the floor …

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Former Foreign Affairs Minister’s editorial historically inaccurate

by Zubin The recent editorial by former Foreign Affairs Minister George Yeo that claimed that traditional society like China is more resistant to populism than the West is riddled with errors and misleading assertions. It fundamentally ignores the past two centuries of Chinese history and is often filled with incorrect statements. He ignores the two largest populist movements in world …

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Singapore’s biggest Black Friday is back for the second year

Forget about the Great Singapore Sale 2017, Singapore's first and biggest Black Friday by volume of items on sale is back for the 2nd year. For six days only from 31 May 2017 (12noon) to 5 June 2017 (11:59pm), ezbuy.sg, Singapore’s first and largest global shopping platform* is staging Singapore’s first and largest global online shopping festival for the second …

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How and when is travel advisory warranted to be issued by MFA?

In a public announcement by the Sri Lanka government made on 29 May, it is said that around 557,505 People belonging to 151,392 families were affected in 15 districts in the country due to the flood situation. 177 Deaths and 109 missing reported as per the situation report issued by its disaster management centre (DMC) on 29 May, 1600hrs. 74,928 …

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2,250 cartons of duty-unpaid cigarettes seized at Woodlands Checkpoint, total evaded tax valued at S$187,540

2,250 cartons of duty-unpaid cigarettes were seized by the Immigration & Checkpoints Authority (ICA) at Woodlands Checkpoint on 26 May 2017. At about 11pm on Friday last week, ICA officers directed an arriving Malaysia-registered empty tanker truck, driven by a lone 36-year-old Malaysian man, for further checks at the Woodlands Checkpoint. Through the inspection, ICA officers found 2,250 cartons of duty-unpaid cigarettes …

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Milk powder, water: Need for independence?

I refer to the article “CCS findings on pricey milk powder hardly address the issue of why prices are high” (theonlinecitizen, May 29). Penalise the small flies? As a case in point – has any government agency or government-linked company (GLC) ever been penalised in a big way by the Consumers’ Association of Singapore (CASE) or the Competition Commission of …

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Euro and sterling slide further

By Margaret Yang, CMC Markets The euro slid for a fourth consecutive day against the greenback to around the 1.113 area, as market participants started to price in the likelihood of a June rate hike by the Federal Reserve, following better-than-expected US Q1 GDP. The sustainability of the dollar’s rally will be tested this Friday night, with the non-farm payroll …

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Are Singapore developers forced to walk a tightrope?

by Property Soul  Government Land Sales for residential sites in Singapore just crossed the S$1 billion mark. A 99-year leasehold site in Queenstown Stirling Road was sold at a top bid of S$1.003 billion. (Read article in Bloomberg.) The winning consortium is China’s Nanshan Group and Logan Property (a Chinese developer listed in Hong Kong). Nanshan has been eyeing at …

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Over 4000 signatures garnered for petition calling for changes in HDB housing policies towards single parents

Over 4000 individuals have signed to express their support for the petition created by local NGO,  Association of Women for Action and Research (AWARE) to call for changes to housing policies by Housing Development Board towards single parents in Singapore. The petition which can be signed online (in English, Malay, Chinese, Tamil), and calls for five key changes to HDB’s policies: 1. …

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