Daily Archives: 2019-05-11

The link between POFMA, ISA, and all of us

by Jason Soo On Wednesday 8 May 2019, the Protection from Online Falsehoods and Manipulation Act (POFMA) was passed in Parliament with a majority of 72 to nine, with three abstentions. Welcome to a fate worse than Orwell’s 1984. We now have not one but 16 ministries of truth. During the period when POFMA had not yet been formalized into …

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Hyflux in talks with latest potential white knight investor Oyster Bay Fund

Debt-laden water treatment firm Hyflux has received a non-binding letter of intent from Oyster Bay Fund in a race to secure a new white knight investor before the end of its extended debt moratorium at the end of this month after its termination of a S$380mil bailout deal with Indonesian conglomerate Salim-Medco Group – via its Singapore arm SM Investments …

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70 per cent of elderly Singaporeans still unable to meet monthly household expenses: Joint survey between Duke-NUS and MOH

A stark majority of elderly Singaporeans aged 60 and older are still unable to meet their monthly expenses, according to findings from a survey of over 4,500 Singaporeans and permanent residents carried out by the Duke-NUS Medical School’s Centre for Ageing Research and Education and the Ministry of Health. The Straits Times reported that only around 30 per cent of …

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