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Daily Archives: 2019-04-08

Transparent and public Commission of Inquiry should be formed to investigate DBS’ sale of securities by Hyflux to prevent retail investors from getting hurt so badly again

by Khush Chopra The Monetary Authority of Singapore (MAS) has declared that there was no form of ‘impropriety’ found in DBS’ arrangement of the sale of perpetual securities by Hyflux in 2016. This is the problem in Singapore. Without any transparency or public inquiry, DBS is cleared willy nilly. Just like that. These teflon coated elite darlings can simply do …

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No ‘impropriety’ by DBS in May 2016 sale of S$500m Hyflux perpetual securities: MAS

There was no form of ‘impropriety’ found in DBS’ arrangement of the sale of perpetual securities by Hyflux in 2016, said the Monetary Authority of Singapore (MAS). Responding to Bloomberg‘s queries, MAS added that DBS Group Holdings Ltd. had acted in compliance of regulatory requirements as both manager and distributor of the perpetual securities. “As the issue manager, DBS conducted …

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IMDA conducts public outreach programme to “educate” public on fake news

On Sunday (7 April), an event was held at Tao Payoh Central hub and it appeared that the Info-communications Media Development Authority (IMDA) was present and “educated” the public about fake news. According to the information that TOC received from the member of the public, the audience at the event were mostly elderly citizens, and the speaker at the event …

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From Swiss-standard to being a city of follies

Is Singapore becoming the new “Moulin Rouge” of Asia? by Joseph Nathan When PM-designated 4G political leaders like Heng Swee Keat and Chan Chun Sing advocated for the push towards the 10-million populations, Singaporeans naturally got alarmed and questioned its logic and rationale. Such push-backs are no longer an exception as the spuriousness of their economic policy-changes are getting to …

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Former AG Walter Woon to join Lee Suet Fern’s legal defence team against AGC’s allegations of professional misconduct

Former Attorney-General Walter Woon will be acting on behalf of Lee Suet Fern, the daughter-in-law of Singapore’s founding Prime Minister Lee Kuan Yew, in disciplinary proceedings involving allegations of misconduct made by the current Attorney-General Lucien Wong regarding her involvement in drafting the late Mr Lee Kuan Yew’s final will. Lee Hsien Yang, Mrs Lee’s husband, said in a Facebook …

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Over 2,000 dengue cases reported in the first quarter of 2019

Over 2,000 dengue cases have been reported in the first quarter of 2019, which is a more than three-fold increase from the approximately 600 dengue cases reported in the same period in 2018. Speaking at the main launch of the National Dengue Prevention Campaign 2019 at the North West District on Sunday 7 April), Mr Masagos Zulkifli, Minister for the …

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Five NSL stations closed over Vesak Day long weekend

Up to five MRT stations between Admiralty and Yio Chu Kang stations will be closed over the Vesak Day long weekend (from 18 to 20 May 2019) due to the next stage of construction involves connecting the two existing tracks to and from Canberra station with a new 72-metre long crossover track along the North-South Line (NSL). In a press …

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