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Daily Archives: 2018-05-30

Malaysia discontinue legal proceedings against Singapore concerning sovereignty over Pedra Branca

The new Malaysia government has dropped two cases by the previous administration against Singapore relating to the International Court of Justice (ICJ)’s original Judgment of 23 May 2008 in the case concerning sovereignty over Pedra Branca, Middle Rocks and South Ledge. Ministry of Foreign Affairs (MFA) announced on Wednesday (30 May) that it had agreed with Malaysia’s request for discontinuance of proceedings. In …

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Malaysia’s RTM to show 41 of 64 World Cup matches for free

Malaysia's Communications and Multimedia Minister Gobind Singh Deo has announced on Wednesday (30 May) that there will be 41 FIFA World Cup matches that will be aired for free on RTM for football fans to enjoy. He stated that out of 64 matches in the 2018 FIFA World Cup Russia™, the national broadcaster will show 41 matches, out of which 27 …

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No longer possible for Singapore to remain quiet on the HSR issue

by Han Lang Following Malaysian Prime Minister's confirmation earlier today that his Government will cancel the KL-Singapore High-Speed Rail (HSR) project, it is no longer possible for Singapore's political leaders to remain quiet - if they indeed value integrity as well as trust and respect from their citizens. Dr Mahathir said today: "If this country is to avoid bankruptcy, we …

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MOH rejects appeal of Singaporean retiree to use medisave for spouse’s emergency fees incurred in MOH-approved Malaysian hospital

"We note that your family are currently not residing in Singapore. Hence, we are unable to accede to your request. Should you have further concerns on managing any oustanding amount, we would suggest you approach the Business Office of Regency Specialist Hospital to discuss suitable financial arrangements." This was the reply given to Mr Mokhtar bin Rahmat by Ministry of Health (MOH) …

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ST: Buy private insurance to supplement mandatory CareShield Life if payouts not enough

Concerned with the backlash the govt is getting with regard to the recently announced CareShield Life disability insurance scheme, which would be made compulsory for all Singaporeans turned 30, Straits Times quickly published a sub-editorial on its second page to support CareShield Life ('Paying now for care in future', 30 May). ST Senior Health Correspondent Salma Khalik reminded Singaporeans that …

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Bad credit card debt in Singapore nearing its 10-year peak

by ValuePenguin The recent data release from the Monetary Authority of Singapore suggests that consumers in the country might be going overboard with their credit card usage. Here, we discuss the rise in bad credit card debt, its potential causes and consequences. Credit cards are incredibly popular in Singapore, especially due to the high amounts of rewards that issuers provide to their members. …

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The Rise of Islamic finance: What does it mean for consumers?

by ValuePenguin Islamic finance has expanded significantly in recent years. In 2016, Islamic financial institutions total assets totaled more than S$3 trillion. In this article, we explore the implications for investors and borrowers. Islamic finance describes financial activities conducted in accordance with Shari'ah Islamic law. This includes Islamic banking, funds, bonds ("sukuk") and insurance ("takaful") and other financial institutions. The emergence …

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Taxi association in Malaysia ask for new government to end ride-hailing services

The Malaysian Taxi, Limousine and Car Rental Operators and Drivers Association voiced out earlier last week on Thursday (24 May) that the new Malaysian government should end ride-hailing services in Malaysia and focus on improving the taxi industry. Mr Mohd Shahrir Abdul Aziz, the association's president, said that this was one of the proposals made by the taxi group to …

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