Correspondent

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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Temasek’s investee company Bayer now being sued in Australia

Last month, Australian news media reported that a Melbourne gardener has become the first person to sue Bayer’s Monsanto in Australia over its weed killer product, Roundup (‘Melbourne gardener launches legal action against Monsanto in first Australian Roundup lawsuit‘, 4 Jun) Bayer has already lost 3 lawsuits in the US with the jury finding its weed killer responsible for the …

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MOM: CPF payouts determined by actual household expenditure patterns

The Manpower Ministry (MOM) defended itself in mainstream media this week (‘Different method used to calculate CPF payout sums: MOM‘, 8 Jul) saying that it uses a different method to calculate the CPF payouts under the national CPF Life Scheme. MOM’s comments came in light of a recent study conducted by a team of researchers from the Lee Kuan Yew …

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