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Daily Archives: 2017-06-12

Nasdaq tumbling flags risks ahead

By Margaret Yang, CMC Markets Technology giants’ share prices tumbled following Goldman Sachs’ call for vigilance, sending the Nasdaq index down by 1.8% on Friday evening. Profit-taking activities were behind this sell-off, as Goldman Sachs warned that FAANG stocks – Facebook (-3.3%), Amazon (-3.16%), Apple (-3.88%), Netflix (-4.73%) and Google (-3.41%) etc – might have been overbought after hitting new, …

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Open letter to Singapore government from a gay Singaporean son

by Nathan Lee Dear PM, DPM, Ministers, MPs, NMPS and Dr Tan, I write to you today with a heavy heart. I have been and always will be a Singaporean Son. Someone who has done his part to play a constructive role in society. Having done my duty to the country in the highest capacity that I could. However, something …

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Moneylenders’ loans increased by 87%?

I refer to the article “Plunge in number of people with unsecured loans as curbs take effect” (Straits Times, Jun 9). It states that “In March, there were 14,000 borrowers who had racked up unsecured debt of more than 24 times their monthly income – with interest piling up. They owed $2.2 billion in total. This is down from the 32,000 …

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Massive delay along North-South Line during morning rush hour

Commuters rushing for school and work on the North-South line (NSL) were met with an unexpected delay in their morning commute as they tried to assess the situation without any announcement by train operator SMRT. SMRT only made an announcement of the delay at 9.10, more than two hours or more since the delay occurred. Stating that the cause of …

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