The opening of the Singapore In-ternational Energy Week (SIEW) 2020 yesterday saw the first pre-event Covid-19 swabbing taking place. A pilot run of pre-event testing using antigen rapid tests (ART) was announced last Tuesday by the multi-ministry task force dealing with the Covid-19 pandemic. At the time, Health Minister Gan Kim Yong said that a […]

SINGAPORE (BLOOMBERG) – Amazon.com secured relief in its dispute with Future Group after a court put a temporary hold on the debt-strapped Indian conglomerate’s US$3.4 billion (S$4.6 billion) deal to sell assets to billionaire Mukesh Ambani’s Reliance Industries. An arbitration court in Singapore restrained Future Retail and its founders from going ahead with the sale, […]

SINGAPORE (THE BUSINESS TIMES) – Keppel Data Centres Holding (Keppel DC), City Gas and City-OG Gas Energy Services will jointly explore using liquefied natural gas (LNG) and hydrogen to power Keppel DC’s floating data-centre park in Singapore. The park is in its exploration phase, the three parties said on Monday (Oct 26), the same day […]

SYDNEY (REUTERS) – The deputy chair of the Australian Securities and Investments Commission (ASIC) resigned on Monday (Oct 26) amid an expenses scandal that has engulfed senior executives at the corporate regulator. Daniel Crennan’s resignation comes just days after it was revealed that he had received a rental allowance of around A$70,000 (S$67,800) when he […]

KUALA LUMPUR (REUTERS) – The world’s largest medical glove producer, Top Glove Corporation, has been making improvements in its efforts to reverse an American import ban placed on two of its subsidiaries in July, US authorities said. US Customs and Border Protection (CBP) said in an email to Reuters on Friday (Oct 23) that it […]

SEOUL (REUTERS) – Shares in Samsung Electronics and affiliates rose on Monday after the death a day earlier of chairman Lee Kun-hee sparked hopes for restructuring and stake sales, analysts said. Investors were betting that such measures would be needed to pay a hefty inheritance tax, estimated around 10 trillion won (S$12 billion) for stockholdings […]

SINGAPORE – Can milk be made in a laboratory instead of from cows or humans – and can it taste just as good? Local biotech start-up TurtleTree Labs certainly thinks so, and it impressed the judges of the Entrepreneurship World Cup 2020 enough to walk away with the top cash prize of US$500,000 (S$678,000). The […]

(BLOOMBERG) After nosediving from March through May as lockdowns devastated US household spending, consumer prices rebounded in the following four months. Some fear this is the start of a resurgence of inflation. The Federal Reserve Bank of New York’s survey of consumer inflation expectations shows a jump from 2.4 per cent to 3 per cent […]

A blood test kit that can accurately detect gastric cancer in its early stages is being rolled out in local hospitals and evaluated for use in primary care settings such as polyclinics, said the National University Health System (NUHS) on Friday. The test kit, known as Gastroclear, is the first of its kind in the […]

(BLOOMBERG) – The Covid-19 pandemic has crushed the economy, sent joblessness soaring and killed over a million people worldwide. But there are a few ways in which it may prompt society to improve, and one is remote work. Though it was initially necessary to keep employees from getting sick, remote work promises to make people […]

Gardening enthusiasts and more families can nurture their own small gardens as the National Parks Board (NParks) is doubling the number of available plots to 2,000 over the next year. The new plots, each slightly larger than a queen-size bed, will be spread across 18 parks, including Aljunied Park, Choa Chu Kang Park, Punggol Waterway […]

A disciplinary complaint against lawyer M. Ravi was filed with the Law Society by the Attorney-General’s Chambers (AGC) last Friday. The complaint relates to “possible professional misconduct” by Mr Ravi, the AGC said in a statement last Friday evening. It was filed because Mr Ravi had neither apologised nor retracted statements he made earlier which […]

How much is the cost of filial piety in Singapore? Of course, you would say that the love and care that you shower on your parents are probably priceless. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses […]

A grumpy chorus of “Why can’t I continue to use just SafeEntry/SingPass/NRIC” arose among Straits Times Facebook users in response to the upcoming roll-out of TraceTogether-only SafeEntry. It’s amazing how attached we can become to a system that’s just a few months old. KDsquared Chewchew asked: “The question is why? SafeEntry was so awesome with […]

(BLOOMBERG) – I am not a fan of bold pronunciations about spending, like: Never buy a boat! Stop drinking lattes! Don’t buy a new car! They seem designed more to attract attention than impart wisdom. I prefer rational guidelines that help consumers make better spending decisions. No, you do not need to be a millionaire or […]

The draining of smartphone batteries, convenience in the workplace and security concerns were among the reasons given by those who rushed to collect their TraceTogether tokens yesterday. There were long queues at some of the 38 community centres and clubs here to collect the device on the first weekend since the Government announced that checking […]

PALO ALTO • At Tesla’s ballyhooed Battery Day event in September, chief executive Elon Musk set himself an ambitious target: to produce a US$25,000 (S$33,900) electric car in three years. Hitting that sticker price – about US$13,000 cheaper than the least expensive model today – is seen as critical in delivering a true, mass-market product. […]

The settlement by Goldman Sachs for its involvement in the 1Malaysia Development Berhad (1MDB) saga shows the robustness of Singapore’s legal and regulatory framework, observers noted. They said it also highlights the Singapore authorities’ acumen to penalise the bank for lack of good corporate governance while keeping its access to the market open to deal […]

While residents of Singapore are the least worried about contracting Covid-19 compared with people from five other South-east Asian countries, they are also the most pessimistic about an economic recovery, according to a research survey. The findings released yesterday show that more than half of 500 Singapore residents indicated they are less confident about their […]

FRANKFURT • German sportswear company Adidas plans to sell its Reebok division, Germany’s Manager Magazin has reported, as the group seeks to put an end to its ill-fated investment in the US-focused brand. Adidas chief executive Kasper Rorsted plans to complete the sale by March next year, the magazine said, without citing where it obtained […]