Monthly Archives: May 2019

MAS rebuts US Treasury’s latest report’s conclusion regarding Singapore’s role as a currency manipulator

The Monetary Authority of Singapore (MAS) has rejected the United States’ Treasury’s conclusion on Singapore as a currency manipulator in the latter’s newest report on macroeconomic and foreign exchange policies of the US’ major trading partners. Responding to media queries in a press release on Wed (29 May), the same day the report was released, MAS stressed that the Republic’s …

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US Treasury adds Singapore to currency manipulation watchlist for “large current account surplus” and at least S$17bil “net foreign currency purchases”

Singapore has been added to the United States’ Treasury’s currency manipulation watchlist alongside Malaysia and Vietnam due to the Republic’s “large current account surplus and net foreign currency purchases of at least US$17 billion [approximately S$23.5bil]” last year. Bloomberg reported on Wed (29 May) that according to the Treasury’s Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the …

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Singapore Kindness Movement launches Kindness Carnival to promote considerate behaviour on the road

Singapore Kindness Movement (SKM) conducted the second edition of the Kindness Carnival, which celebrated and promoted kindness on the road through educational and fun-filled activities suitable for the whole family. The family-friendly carnival is the first event organised by SKM to focus on kindness on the roads through various games such as the hourly circuit game where participants were reminded …

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Lee Hsien Yang’s son Li Huanwu and husband Heng Yirui reinvent #AsianValues with their respective families in newly released wedding photograph

A photograph featuring Li Huanwu – one of the grandsons of Singapore’s founding prime minister Lee Kuan Yew – and his husband Heng Yirui in the company of their respective families at their wedding recently has surfaced online. The photo, attributed to the couple, was posted on the Dear Straight People and Pink Dot SG Facebook pages on Tue evening …

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Utico’s “part cash redemption offer” to Hyflux’s retail shareholders merely “exploratory in nature”

Emirati utilities group Utico’s “part cash redemption” offer to beleaguered water treatment firm and genco Hyflux’s retail perpetual and preference shareholders (PNP) is merely “exploratory in nature”, said the homegrown company in a meeting on Tue (28 May). The Business Times reported that the offer, according to Hyflux, is still “currently being contemplated” by the utilities group. Noting that it …

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