Danisha Hakeem

Singapore-based maritime carrier PIL received loans from Temasek Holdings last year, sovereign wealth fund holds shares in company as collateral

Singapore-based maritime containerline Pacific International Lines (PIL) received “previously unreported loans” from the Republic’s sovereign wealth fund Temasek Holdings in the form of hedge funds last year. Citing world maritime news platform Alphaliner‘s latest weekly report, international maritime and shipping news platform Splash 24/7 added that in return, PIL, the 10th largest ocean carrier globally, had pledged its shares to …

Read More »

Third potential white knight investor for Hyflux makes non-binding letter of intent for overseas assets

Debt-laden water treatment firm and genco Hyflux has received yet another non-binding letter of intent from its third potential white knight investor, which has yet to be named. The company revealed the development in a Singapore Exchange announcement yesterday afternoon (15 May), during which it indicated that the potential new investor is the one of the top 10 largest desalination …

Read More »

Pink Dot’s 11th edition aims to highlight stories of discrimination against LGBTQ Singaporeans

Homegrown non-profit movement Pink Dot will be ushering into its 11th year by taking a strong stance against the discrimination of lesbian, gay, bisexual, transgender and queer (LGBTQ) Singaporeans. This year’s Pink Dot campaign video centres the stories of three individuals who have faced discrimination as a result of their gender and/or their sexual orientation, and depicts them sharing their …

Read More »

Tougher sanctions for students guilty of sexual misconduct, including one-year suspension and even expulsion: NUS review committee on sexual misconduct

A minimum suspension of one year and even expulsion for “severe offences” are among stiffer sanctions recommended by the National University of Singapore (NUS)’s review committee on sexual misconduct. Local media reported that the committee’s chairperson Kay Kuok announced the proposals via an e-mail circular to students and staff on Wed (15 May). The recommendations were made in the wake …

Read More »

Hyflux saga: Maybank to take over Tuaspring power plant, PUB to take over Tuaspring water desalination plant

Debt-ridden water treatment firm Hyflux will no longer be in charge of its Tuaspring power plant starting this week as Maybank, the company’s largest secured creditor, has appointed receivers and managers from insolvency firm Ferrier Hodgson to seize control of the plant. The Straits Times also reported that the Public Utilities Board, Singapore’s national water agency, will takeover the Tuaspring …

Read More »

Single-payer universal insurance scheme a better alternative to the 3Ms: SDP chairman Paul Tambyah

The Singapore Democratic Party (SDP) has proposed a single-payer universal insurance scheme as a more financially viable alternative to the current 3Ms – Medisave, Medishield, and Medifund – for all Singaporeans. The proposed National Health Investment Fund (NHIF) –  which was presented by the Party’s Chairman Paul Tambyah and its Central Executive Committee member Khung Wai Yeen at the SDP …

Read More »