Correspondent

Transport Ministry rebut public’s concern over profitability of local rail operators by stating HK and Tokyo metros charge significantly higher fares

A member of the public, Paul Chan Poh Hoi, wrote to ST Forum on Thu (18 Jul) arguing that profitability should not be main concern for the rail operators in Singapore. Given the “public” nature of public transport, a rail system should be measured by its ability to serve the people, and not its ability to generate additional wealth for …

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OCBC survey: Half of sandwiched gen find it tough supporting parents and children the same time

According to a recent OCBC’s Financial Wellness Index survey, the majority of working adults in Singapore are financially unprepared for retirement (‘Most working adults not financially ready for retirement‘, 16 Jul). The survey polled 2,000 working adults in Singapore between the ages of 21 to 65, asking about the state of their financial health. In particular, half of those among …

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Arrest of 6 Myanmar nationals leads to protests at Singapore embassies in Tokyo and Washington

It was reported in the media today (‘Myanmar groups stage protests at S’pore embassies‘, 18 Jul) that Myanmar nationals sympathetic to the rebel Arakan Army (AA) staged a coordinated demonstrations outside of Singapore embassies in Tokyo yesterday and Washington on Monday. They were protesting against the Singapore Government’s arrest and deportation of leaders of the Singapore Arakan Association. The protestors …

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Temasek-linked project to build new state capital in India stalled

The media reported on Monday that the joint venture project between Singapore and India to build the new Amaravati capital city for the state of Andhra Pradesh has been stalled by the Indian state government (‘New state government reviewing Amaravati plans‘, 15 Jul). The project is a joint development between the Singapore Consortium led by Ascendas-Singbridge and Sembcorp Development, and …

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SPH’s profits down again – it’s share price has dropped 30% since Ng came onboard

After the close of the markets last Friday (12 July), it was reported that Singapore Press Holdings’ (SPH) third-quarter profits dropped by 44.1% from $46.91 million last year 3Q to the present $26.2 million. While their digital media segment posted good improvement in revenues, the traditional print advertisement revenue declined by a 16.7%. Additionally, the circulation revenue was also lower …

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MOF debunks student’s argument and defends Heng’s announcement to increase GST

Last Monday, undergraduate student Marcus Aw Chen Feng, 21, wrote to ST Forum arguing against the impending raise of GST to 9%, which is expected to happen between 2021 and 2025 announced by the new PM-designate Heng Swee Keat in Parliament earlier (‘Drawbacks to raising GST‘, 8 Jul). Marcus wrote, “Raising taxes means higher prices for consumer goods, including necessities …

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