Daily Archives: 2019-09-03

Investments in Amaravati project “commercially confidential”, but no state funds used: S. Iswaran

While investments made by the Singapore companies involved in the joint project between Singapore and Andhra Pradesh to develop capital city Amaravati in India are “commercially confidential”, Minister-in-charge of trade relations S Iswaran on Tue (3 Sep) said that no state expenditure was involved in the project. Iswaran was responding to supplementary questions from Workers’ Party Non-Constituency Member of Parliament …

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Indonesia restricts foreigner travel to restive Papua

Indonesia is imposing restrictions on foreigners visiting its restive Papua region, the government said Tuesday after four Australians were deported over claims they took part in independence protests. Papua, where a low-level insurgency against Indonesian control has simmered for decades, has seen two weeks of mass protests and deadly riots sparked by anger over racism and fresh calls for self-rule. …

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Beijing’s Hong Kong dilemma: ‘Play long’ or send troops?

China is facing tough choices over how to tackle months of pro-democracy protests in Hong Kong: hold dialogue with protesters, play the long game or send in troops. The protesters have shown no sign of backing down despite increasingly violent confrontations in which Hong Kong’s police have used water cannon, tear gas and rubber bullets — and even fired live …

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Gender-neutral premiums, transparency, and rebate mechanisms – MP Edwin Tong’s response to WP MP Leon Perera’s questions on the CareShield Life Bill

On Monday (2 Sept), the CareShield Life Bill was passed in Parliament after its second reading, making it compulsory for Singaporeans born in 1980 or after to pay CareShield life insurance fees starting 2020. For those born in the year 1979 or earlier, the premium is optional. Future cohorts will join when they turn 30. CareShield Life is an insurance …

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Hong Kong Investment Promotion chief visits Singapore to promote Hong Kong’s long-term business opportunities

On Monday (2 Sep), the Director-General of Investment Promotion of the Hong Kong Special Administrative Region, Mr Stephen Phillips, began his ambassadorial visit to Singapore as part of Invest Hong Kong (InvestHK)’s latest efforts to promote Hong Kong’s business attractions. During the course of his visit, Mr Phillips will be meeting with leaders from various companies that have plans to …

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Use of PMD at HDB void decks and common corridors prohibited in 15 towns; S$5,000 fine to be imposed on offenders starting 1 November

On 5 August, Senior Minister of State for Transport Lam Pin Min said in Parliament that 15 town councils under the People’s Action Party (PAP) will ban individuals from riding personal mobility devices (PMDs) at void decks and common corridors. Now the ban has finally kicked in. From 1 September (Sunday), riders are no longer allowed to ride their PMDs, …

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Netizens question compulsory CareShield; One year of free scholarships to foreign students equivalent to 16 years’ ElderShield payouts

Yesterday (2 Sep), the CareShield Life Bill was passed in the PAP-dominated Parliament after its second reading, forcing Singaporeans who were born in 1980 or after to pay compulsory insurance fees starting next year. So, come next year, those aged 30 to 40 must join CareShield Life and start paying premiums. Future cohorts will join at the age of 30. …

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Nearly 60% of millennials in Singapore are not happy with their current wealth management services, according to Simon-Kucher & Partners study

On Monday (2 Sep), Simon-Kucher & Partners, a global strategy and marketing consultancy firm, released the findings from its global customer journey study on the banking behaviour of persons born between 1981 and 1996 – who are identified as millennials – which shows that private banks are not doing enough to attract this lucrative customer base. The study, which was …

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