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Daily Archives: 2018-07-19

Record fine for director with multiple breaches of the Companies Act

A company director was convicted and fined a record $57,000 for 38 charges ($1,500 per charge) in the State Courts on Tuesday (17 July). In a press release on Thursday, Accounting and Corporate Regulatory Authority (ACRA) stated that Lawrence Fong Kok Liong pleaded guilty to the charges for offences under section 175 and 197 of the Companies Act (CA) for …

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Unveil the dark sides of GDP growth – Things that politicians don’t tell you

by Irene Choo For over 70 decades, Gross domestic product (GDP) has been the global elite's go-to number, despite all the cautions statisticians offered against seeing GDP growth as an indicator of economic success and wealth.  Even the key architect behind GDP, Simon Kuznets, was adamant against equating GDP growth with economic and social wellbeing. As reported by the Organisation …

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The Art of The Deal

by James Lee The back and forth saga between MINDEF and the Davis family, as well as the many articles and polarised opinions on whether Ben Davis should be allowed to defer brings a very fundamental question to mind: National Service - what exactly defines it. I looked up the Enlistment Act (Chapter 93) and the definition of ‘National Service’ …

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Athletes back Ben Davis for deferment 

Two of Singapore's most prominent swimmers - Joscelin Yeo and Joseph Schooling - have thrown their weight behind Singaporean footballer Ben Davis. In a Facebook and Instagram post, Joscelin Yeo asked Ben to "keep setting high goals" for himself and to "go after your dreams". She said: "I fully support National Service (NS). Would Joseph Schooling have won a historic …

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Davis’ signing with Fulham “meant to further his own professional career, not national interest”, has “no intention” to fulfill NS duties: MINDEF

The Ministry of Defence (MINDEF) has issued a second statement regarding Fulham footballer Benjamin Davis’ application for the deferment of his National Service (NS) duties. In an official reply to media queries dated 18 July, MINDEF declared that granting the exemption to him "would severely undermine the ethos and sacrifice of Singaporeans who have all put aside their personal interests …

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Ben will return to do NS, “unfortunate” that MINDEF thinks otherwise: Harvey Davis

The father of Singaporean footballer Benjamin Davis, who has signed a two-year contract with English Premier League club Fulham, stated that his son will be carrying out his National Service (NS) duties, contrary to the Ministry of Defence (Mindef)'s assumption regarding the issue. Yesterday, Harvey Davis said that he found it "unfortunate that MINDEF has an impression that Ben would not …

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MINDEF’s new argument against Ben Davis: He will go AWOL if we defer his NS

MINDEF yesterday (18 Jul) now said that it rejected teenage footballer Ben Davis' deferment request because there was no intention by the family to ensure that the 17-year-old will fulfil his national service (NS) duties. This was reported in ST today (19 Jul). Replying to media queries, MINDEF explained that "when asked during the deferment application process when Mr Davis …

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