Correspondent

ST praises CapitaLand CEO pulling of mega deal 4 months into job

Yesterday, the Straits Times published an article praising CapitaLand CEO Lee Chee Koon for pulling off a “mighty $11 billion cash-plus-shares deal” to buy Ascendas-Singbridge (ASB) from Temasek Holdings after only 4 months into his job (‘Four months into job and CapitaLand CEO pulls off mega deal for property giant‘, 14 Jan). The deal, subject to shareholders’ agreement, is supposed …

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MOM conned by F&B company into issuing EPs to 20 “foreign talents”

It was reported today (14 Jan) that GD Group, a food and beverage company operating the restaurant chain Penang Culture, had deceived the Manpower Ministry (MOM) into issuing Employment Pass to 20 of its foreign employees, when they did not meet the requirements. According to MOM’s website, only eligible foreigners will be considered for an Employment Pass to work in …

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Liquidation of Coastal Oil Singapore affects at least 10 banks in SG and HK

The Standard Hong Kong newspaper reported yesterday (3 Jan) that banks in Singapore and Hong Kong are likely to suffer huge losses linked to the closure of Singapore petroleum company Coastal Oil Singapore Pte Ltd. Records from ACRA show that Coastal Oil Singapore Pte Ltd entered liquidation as of Dec 13 last year. It entered liquidation due to the sharp …

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PM says education system would prepare students for future while new grads find difficulty getting jobs

Addressing the MOE Edusave Award recipients and their families at Townsville Primary School on Sat (5 Jan), Prime Minister Lee Hsien Loong told the students and parents that the recent changes to the education system will make learning more meaningful for students. These include reducing the emphasis on academic results, dedicating more curriculum time to deeper learning, and helping students …

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