Danisha Hakeem

Salim should not use possible seizure of Tuaspring to justify terminating its deal with Hyflux: PUB

Indonesian conglomerate Salim Group should not use the possible seizure of the Tuaspring plant to justify terminating its bailout agreement with local water treatment firm Hyflux, said the Public Utilities Board (PUB) on Fri (21 Mar). PUB’s statement was made in response to Salim’s recent announcement to potentially withdraw from its agreement to bail out Hyflux from its massive debts …

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Reopening of 1MDB probe by MAS not politically influenced but “to protect public interest”: Enforcement Dept exec director

Singapore’s extensive probe into illegal financial activities surrounding Malaysian state fund 1Malaysia Development Berhad (1MDB) was not politically influenced, but rather motivated by an obligation to safeguard “public interest”. The Monetary Authority of Singapore’s Enforcement Department executive director Gillian Tan told The Straits Times on Wed (20 Mar) that “We do it simply to look at whether a breach has …

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MAS clamps down hard on money laundering and financial services breaches, according to latest Enforcement Report

Money laundering, market abuse, and financial services misconduct were the three key areas of targeted by the Monetary Authority of Singapore (MAS) in its probe against breaches of the Authority’s regulations, as revealed in its latest Enforcement Report on Tue (19 Mar). The report revealed that among the measures taken by MAS between 1 July 2017 to 31 December 2018 …

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Govt intends to seize Hyflux’s Tuaspring plant, Salim Group to reconsider company takeover

Following the Singapore government’s recent plans to seize Hyflux’s Tuaspring desalination plant, Salim Group has announced that it may change its decision to bailout the troubled homegrown water treatment firm from its massive debts through the company’s restructuring plan. Nikkei Asian Review reported on Tue (19 Mar) that Salim, leader of Hyflux’s bailout consortium, has given the company a notice …

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NEA to consider implementing ‘pay-as-you-throw’ system to reduce domestic waste; netizens appalled by ‘rubbish’ proposal

HDB residents may expect having to “pay” as they “throw” in the future, following the National Environment Agency (NEA)’s plans to introduce the tracking of domestic waste for each household via radio frequency identification (RFID) technology in bin chutes in HDB estates. The Straits Times quoted NEA official Cheang Kok Chung as saying that the NEA is currently “working on …

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Returning CPF monies in full, cutting ministers’ salaries and implementing minimum wage among SDP’s 10-point plan to reduce Singaporeans’ living costs

Returning Central Provident Fund (CPF) sums in full, the sizing down of ministerial salaries, and the implementation of minimum wage for Singaporeans are among the reforms proposed in the Singapore Democratic Party (SDP)’s latest policy paper. “A Better Life For All: Lowering the Cost of Living In Singapore”, launched on Sat (16 Mar), also proposed the reduction of healthcare costs …

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