Daily Archives: 2018-03-20

Thinking of being a carpool driver? Here’s what you need to know

by ValuePenguin As ride sharing apps become more popular and the cost of owning and maintaining a car is becoming more expensive, some Singaporeans are turning to freelancing as a carpool driver. However, is the extra money worth increasing the hassle of your commute? If you are thinking of earning some extra money as a carpool driver, here are some things …

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Parliamentary questions for 20 March 2018

The Singapore Parliament will sit at 12:00 noon on Tuesday, 20 March 2018 for the 70th session of the 13th Parliament. *7 oral questions and 3 written questions had been scheduled to be asked. At the commencement of Public Business, 1 Government Bill will be introduced: Vulnerable Adults Bill – (Minister for Social and Family Development), and 5 Government Bills …

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MAS imposes penalties on Standard Chartered Bank and Standard Chartered Trust for AML/CFT Breaches

Standard Chartered Bank FDR rate set to rise

The Monetary Authority of Singapore (MAS) announced on Monday (19 March) that it has imposed penalties of S$5.2 million on Standard Chartered Bank, Singapore Branch (SCBS) and S$1.2 million on Standard Chartered Trust (Singapore) Limited (SCTS). It noted that the penalties were for breaches of MAS’ anti-money laundering and countering the financing of terrorism (AML/CFT) requirements. These breaches occurred when trust …

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SEAB studying option of scanning and marking answer scripts electronically

Senior Minister of State for Education Janil Puthucheary told the House on Tuesday (20 March) that the Singapore Examinations and Assessment Board (SEAB) is studying the option of scanning and marking answer scripts electronically. He was responding to a question filed by MP Mr Murali Pillai who asked the Minister for Education (Schools) whether it is feasible to scan or digitise …

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Shanmugam: Public prosecutor does not intend to file any applications in respect of three directors currently serving time for CBT

Law Minister K Shanmugam told Parliament on Tuesday (20 March) that the public prosecutor does not intend to file any applications in respect of three directors currently serving time for criminal breach of trust (CBT), despite a recent ruling excluding the embezzling City Harvest Church (CHC) leaders from receiving similar punishment. He then stated that all three had pleaded guilty …

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Four purchases that can make new parent’s life easier

by ValuePenguin Having a baby is one of the biggest life events for anyone. It is also one of the costliest activities in one's life: having another mouth to feed, body to dress and brain to educate can easily cost tens of thousands of dollars every year. Still, raising a child can also be extremely difficult and stressful, especially for first-time …

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SPH CEO LG Ng can’t stop decline in newspapers ad page count

It was reported on Sunday (18 Mar) that the advertisement page count of Singapore Press Holdings’ (SPH) Straits Times had slipped 12.7% year-on-year for 2Q in its financial year of 2018 (FY18). SPH's financial year ends on 31 Aug. According to a report from UOB Kay Hian, the decline was driven primarily by the display ad segment, which accounted for …

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