Daily Archives: 2018-01-06

SDP to former Minister and Keppel’s Board Chair Lee Boon Yang: Resign

The SDP has released a statement expressing disbelief and skepticism that the board of directors of Keppel did not know about the bribes that were paid in Brazil. “If this is the case, then the entire board should resign for dereliction of duty because overseeing a company’s executives and their activities is precisely what board directors are supposed to do”, says the statement. The …

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Maid insurance: Is purchasing the waiver of counter indemnity add-on worth the extra cost?

by ValuePenguin When purchasing maid insurance, you’ll notice there is an optional add-on called the “waiver of counter indemnity.” The Ministry of Manpower requires employers of foreign domestic workers to deposit a S$5,000 security bond as a guarantee that employers will not break any laws surrounding the FDW’s employment. The waiver of counter indemnity is an optional add-on feature of maid insurance …

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Five reasons travel insurance is extra important on cruise ships

by Singsaver.com.sg Taking a cruise comes with unique risks that are not like any other holidays, and you may need more comprehensive forms of travel insurance. If cruises are your vacation method of choice, then beef up your travel insurance! There are plenty of terms and conditions when you agree to a cruise; and the circumstances are very different from being …

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“4G ministers” issue statement on leader to be chosen in good time, DPM Tharman is not among list of potential PM

A total of 16 fourth generation (4G) ministers have released a statement stating that a leader, amongst them, will be chosen in good time. The statement signed by the Cabinet ministers and office holders, saying, “The younger ministers are keenly aware that leadership succession is a pressing issue and that Prime Minister Lee Hsien Loong intends to step down after …

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Ocbc OneAdvisor Mortgage Portal changes Property landscape

OCBC OneAdvisor Mortgage Portal

OCBC mortgage team launches a one-stop mortgage service for property buyers. The application features the ability to compute the price range affordability for the buyer, including down-payment, stamp duty and minimum cash payment as well as legal and agent fees, similar to what is available in Home Loan Report. OCBC also plans to allow home buyers to get to know …

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Jurong Shipyard fined $230,000 for fatal accident in 2011

Jurong Shipyard was fined S$230,000 for an accident involving workers, an Indian national and a Thai national, employees of Shipblast Marine, which had been engaged by Jurong Shipyard to carry out grit blasting work to smoothen the surface of a vessel in a dry dock at 29 Tanjong Kling Road. On 29 October 2011, Ramudu Sivakumar, 25, and Phromprasoet Thanawan, 32, were in …

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Parliamentary questions for 8 January 2018

The Singapore Parliament will sit at 11:00am on Monday, 8 January 2018 for the 55th session of the 13th Parliament. *73 oral questions and 31 written questions have been scheduled to be asked. 4 bills will be introduced in this Parliament session at the commencement of public business: Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill  – Minister for Trade …

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MARUAH: Consequences of corruption are multi-faceted and impact on all human rights

MARUAH, a local human-rights non-government organisation has issued a statement on the international bribery scandal which involved Singapore government-linked company, Keppel Offshore & Marine Ltd (KOM). The NGO writes that it is “deeply disturbed at the blatant corruption of KOM, disregarding its own history, Singapore’s long-held stance against corruption” and “Keppel’s own ineptitude as a company to maintain a business …

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