Singapore



Asian stocks set for slight gains after Wall Street ends higher

Asian stocks were set for cautious gains on Friday after positive U.S. economic data and signs of progress in stimulus talks in Washington lifted Wall Street benchmarks.
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Asian stocks set for slight gains after Wall Street ends higher

Asian stocks were set for cautious gains on Friday after positive U.S. economic data and signs of progress in stimulus talks in Washington lifted Wall Street benchmarks.

Exclusive: Wells Fargo explores sale of asset management business - sources

Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on T
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Exclusive: Wells Fargo explores sale of asset management business - sources

Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.

Singapore fines Goldman Sachs $165m over 1MDB corruption scandal

SINGAPORE - Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal. The penalty is believed to be the largest-ever imposed here, fa
Singapore

Singapore fines Goldman Sachs $165m over 1MDB corruption scandal

SINGAPORE - Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal. The penalty is believed to be the largest-ever imposed here, far exceeding the $13.3 million slapped on BSI Bank, whose Singapore unit was shut down in 2016 for its role in the scandal. The fine is on top of the nearly US$3 billion that parent Goldman Sachs has agreed to pay after its Malaysia unit said it will plead guilty to violating foreign bribery laws, drawing a line under a saga that has dogged the investment banking giant for years. Singapore's Commercial Affairs Department (CAD) has also served Goldman Sachs Singapore with a 36-month conditional warning, in lieu of prosecution, for three counts of corruption offences punishable under Section 5(b)(i) of the Prevention of Corruption Act, Chapter 241.

Hamilton questions Petrov's role as steward after BLM comments

Formula One champion Lewis Hamilton questioned the appointment of Vitaly Petrov as a Portuguese Grand Prix steward on Thursday after the Russian ex-racer criticised his campaigning anti-racism stance.
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Hamilton questions Petrov's role as steward after BLM comments

Formula One champion Lewis Hamilton questioned the appointment of Vitaly Petrov as a Portuguese Grand Prix steward on Thursday after the Russian ex-racer criticised his campaigning anti-racism stance.

Germany issues travel warnings as COVID-19 surges in Europe

Germany warned on Thursday against travel to neighbouring countries, Belgium's foreign minister went into intensive care and Spain said COVID-19 was "out of control" in many areas, as governments across Europe took action to fight the pandemic.
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Germany issues travel warnings as COVID-19 surges in Europe

Germany warned on Thursday against travel to neighbouring countries, Belgium's foreign minister went into intensive care and Spain said COVID-19 was "out of control" in many areas, as governments across Europe took action to fight the pandemic.

Enterprising Sassuolo could spend the weekend top of Serie A

Modest Sassuolo, a team that have spent most of their history in the lower and amateur levels of Italian football, will spend at least 72 hours top of Serie A if they can beat Torino on Friday.
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Enterprising Sassuolo could spend the weekend top of Serie A

Modest Sassuolo, a team that have spent most of their history in the lower and amateur levels of Italian football, will spend at least 72 hours top of Serie A if they can beat Torino on Friday.

WhatsApp to offer in-app purchases, cloud hosting services

Facebook Inc on Thursday said its WhatsApp messaging app would start to offer in-app purchases and hosting services, as it moves to boost revenue from the app while knitting together e-commerce infrastructure across the company.
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WhatsApp to offer in-app purchases, cloud hosting services

Facebook Inc on Thursday said its WhatsApp messaging app would start to offer in-app purchases and hosting services, as it moves to boost revenue from the app while knitting together e-commerce infrastructure across the company.

US weekly jobless claims push lower; labor market momentum slowing

The number of Americans filing new claims for jobless benefits declined more than expected last week, though they remain extremely high indicating a slowdown in the labor market and broader economic recovery from the COVID-19 pandemic as the boost from fisca
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US weekly jobless claims push lower; labor market momentum slowing

The number of Americans filing new claims for jobless benefits declined more than expected last week, though they remain extremely high indicating a slowdown in the labor market and broader economic recovery from the COVID-19 pandemic as the boost from fiscal stimulus fades.

Daily roundup: How 'black gold' is helping to fix Singapore's food waste problem - and other top stories today

Stay in the know with a recap of our top stories today. 1. Singapore has a food waste problem. How 'black gold' is helping fix it Over the last few years, the country has become more aware of the problem and there is an increased willingness to reduce food
Singapore

Daily roundup: How 'black gold' is helping to fix Singapore's food waste problem - and other top stories today

Stay in the know with a recap of our top stories today. 1. Singapore has a food waste problem. How 'black gold' is helping fix it Over the last few years, the country has become more aware of the problem and there is an increased willingness to reduce food waste... » READ MORE 2. Women have needs too: Viral post calling out Malaysian husbands for visiting prostitutes in Singapore sparks debate

Singapore's Grab says revenue nearly back to pre-pandemic levels

Singapore’s Grab, which has evolved from a ride-hailing app operator to offer services such as food delivery and insurance, said on Thursday its third-quarter group revenue had risen to more than 95 per cent of pre-Covid-19 levels. “Our business recover
Singapore

Singapore's Grab says revenue nearly back to pre-pandemic levels

Singapore’s Grab, which has evolved from a ride-hailing app operator to offer services such as food delivery and insurance, said on Thursday its third-quarter group revenue had risen to more than 95 per cent of pre-Covid-19 levels. “Our business recovery continues steadily, with Q3 group revenues climbing to over 95 per cent of pre-Covid-19 levels,” Ming Maa, president of Grab, said in an emailed newsletter update on the company’s business. Softbank-backed Grab, the region’s biggest start-up with a valuation of over US$14 billion (S$19 billion), in June laid off around 360 employees or almost 5 per cent of its headcount, after slashing discretionary spending. Maa said Grab’s food business now generates more than 50 per cent of its revenue, reflecting increased demand for food delivery. “Having laid this foundation, we will focus on expanding our financial services and merchant services business through the rest of the year and beyond,” he said. Grab, which is yet to turn profitable, had received a US$200 million investment from South Korean private equity firm STIC Investments, Maa said.

Breaking house arrest? Grab driver finds cut electronic ankle tag in car

Dealing with miscellaneous items left in their vehicles may be all in a day's work for many Grab drivers. But one driver found himself in a bit of a spot thanks to an unusual find — a cut electronic ankle tag. The tag, which resembles the devices issued t
Singapore

Breaking house arrest? Grab driver finds cut electronic ankle tag in car

Dealing with miscellaneous items left in their vehicles may be all in a day's work for many Grab drivers. But one driver found himself in a bit of a spot thanks to an unusual find — a cut electronic ankle tag. The tag, which resembles the devices issued to those serving Home Detention Orders (HDOs), had been left under a seat in his car, Fyzal Anwerbag shared in a Facebook post on Tuesday (Oct 20). Warning other private-hire drivers, he wrote, «Please, please check your car every time you finish your shift. »Someone left this discreetly under my seat and I had to go through a hassle to return it to the police station.« He had only stumbled upon the ankle tag on Monday (Oct 19) when he was searching the vehicle for his misplaced Shell Fuel Loyalty card, Fyzal recounted. »If my Shell card [was] not lost, I would be happily driving around without noticing [the tag]." Fyzal ended up reporting the matter at Jurong West Neighbourhood Police Centre and spending over three hours there, he said.

October 2020 COE results second bidding

In the 2nd COE bidding exercise for October 2020, Cat A closed at $37,334, Cat B at $40,990, and Cat E at $39,889 Cat A (Cars up to 1600CC & 97KW) closed at $37,334, with an increase of $800 from the last exercise. It received 1,323 bids in total. Cat B (Ca
Singapore

October 2020 COE results second bidding

In the 2nd COE bidding exercise for October 2020, Cat A closed at $37,334, Cat B at $40,990, and Cat E at $39,889 Cat A (Cars up to 1600CC & 97KW) closed at $37,334, with an increase of $800 from the last exercise. It received 1,323 bids in total. Cat B (Cars above 1600CC or 97KW) also saw an increase in premiums. It closed $300 higher with the final amount at $40,990. It received 1,272 bids. Closing at $33,778 is Cat C (Goods Vehicle & Bus). It closed $689 higher from the previous exercise. Cat D (Motorcycles) closed this exercise at $7,300. It received 560 bids and saw a $151 decrease in premiums. Finally, for Cat E (Open Category), it saw a slight $412 drop. It closed at $39,889 and received 560 bids. Here’s a summary of the 2nd bidding exercise for October 2020: Category Current COE premium (October 2020 - 2nd Bidding) Current COE premium (October 2020 - 1st Bidding) Difference  

Dig into Tai Wah Pork Noodles and other dishes from Hong Lim hawkers without queuing at a Parkroyal buffet

Whenever we're at Hong Lim Food Centre for lunch, there's always a perpetual queue for Tai Wah Pork Noodles.  This queue has existed long before the store was awarded a Michelin Bib Gourmand nod for its noodles. And the award just made the queue even mor
Singapore

Dig into Tai Wah Pork Noodles and other dishes from Hong Lim hawkers without queuing at a Parkroyal buffet

Whenever we're at Hong Lim Food Centre for lunch, there's always a perpetual queue for Tai Wah Pork Noodles.  This queue has existed long before the store was awarded a Michelin Bib Gourmand nod for its noodles. And the award just made the queue even more intense than before.  While Hong Lim did receive a facelift in 2018, one can still work up quite a sweat just by queueing. If you are someone who doesn't quite like standing in line for your food yet still hope to tuck into this award-winning noodles, Parkroyal Collection Pickering's buffet has you covered.  Their in-house restaurant, Lime Restaurant, is launching a new buffet line-up from Nov 1 and it'll feature the dishes from several stalls in Hong Lim — Tai Wah Pork Noodles, Heng Kee Chicken Bee Hoon Mee and Morning Bak Ku Teh. You'll be able to tuck into these hawker favourites sans the queue and in air-conditioned comfort.

Free a la carte Egg McMuffin on McDelivery till Oct 29

There's no better way to start your morning than with a free Egg McMuffin delivered to you! Simply spend a minimum of $10 (excluding delivery charge) on www.mcdelivery.com.sg or the McDelivery App to enjoy this free and tasty deal. Apply coupon code: WBE
Singapore

Free a la carte Egg McMuffin on McDelivery till Oct 29

There's no better way to start your morning than with a free Egg McMuffin delivered to you! Simply spend a minimum of $10 (excluding delivery charge) on www.mcdelivery.com.sg or the McDelivery App to enjoy this free and tasty deal. Apply coupon code: WBEGGMUFF to redeem the a la carte Egg Mcmuffin. PHOTO: mcdonalds.com.sgAvailable from Oct 21 - 29, 7am – 10.45am . While stocks last! How to use your coupon code? Make sure that your cart items meet the minimum spend of $10 (excluding delivery charges). Go to ‘Shopping Cart’. Tap on ‘Got a coupon code?’ Enter your coupon code and hit ‘Apply’ This article was first published in ConfirmGood.

Amazon announces US$100 million logistics investment in Mexico

Amazon.com Inc said on Thursday it has invested US$100 million in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to offer faster deliveries.
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Amazon announces US$100 million logistics investment in Mexico

Amazon.com Inc said on Thursday it has invested US$100 million in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to offer faster deliveries.

Republicans to push ahead with US Supreme Court pick despite Democrats' boycott

U.S. Senate Republicans pledged to go ahead with a vote on Thursday on President Donald Trump's Supreme Court nominee, Amy Coney Barrett, despite Judiciary Committee Democrats pledging to boycott a proceeding that they called "a sham."
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Republicans to push ahead with US Supreme Court pick despite Democrats' boycott

U.S. Senate Republicans pledged to go ahead with a vote on Thursday on President Donald Trump's Supreme Court nominee, Amy Coney Barrett, despite Judiciary Committee Democrats pledging to boycott a proceeding that they called "a sham."

Facebook launches dating service in Europe

Facebook Inc said on Wednesday it is launching its dating service in 32 European countries after the rollout was delayed earlier this year due to regulatory concerns.
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Facebook launches dating service in Europe

Facebook Inc said on Wednesday it is launching its dating service in 32 European countries after the rollout was delayed earlier this year due to regulatory concerns.

NUS files police report against former don over sex allegations

SINGAPORE - The National University of Singapore (NUS) has made a police report against former Tembusu College don Jeremy Fernando following allegations of sexual misconduct made against him. In a statement late on Wednesday (Oct 21), NUS said it went to th
Singapore

NUS files police report against former don over sex allegations

SINGAPORE - The National University of Singapore (NUS) has made a police report against former Tembusu College don Jeremy Fernando following allegations of sexual misconduct made against him. In a statement late on Wednesday (Oct 21), NUS said it went to the police «given the seriousness of the allegations». It had also advised the two female students who accused Dr Fernando of misconduct to do the same. The university also provided a detailed timeline of when it first became aware of the allegations against Dr Fernando, and the actions it took - which included interviewing him and barring him from making contact with students. Internal investigations found that Dr Fernando «had an intimate association» with an undergraduate - a serious breach of its code of conduct for staff, NUS said. The university thus sacked him on Oct 7. Addressing criticisms from students about the way it handled the matter, NUS said: «We recognise that we could have shared information about the dismissal with Tembusu staff and students in a more timely manner and we endeavour to do better.»

In emails, Sacklers fret over wealth, opioid business

Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company's Sackler family owners fretted about possible threats to their wealth.
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In emails, Sacklers fret over wealth, opioid business

Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company's Sackler family owners fretted about possible threats to their wealth.

Tesla beats quarterly revenue estimates

Tesla Inc on Wednesday beat analysts' estimates for third-quarter revenue as it made record vehicle deliveries, overcoming disruptions caused by the COVID-19 pandemic.
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Tesla beats quarterly revenue estimates

Tesla Inc on Wednesday beat analysts' estimates for third-quarter revenue as it made record vehicle deliveries, overcoming disruptions caused by the COVID-19 pandemic.

Kinder Morgan quarterly profit falls 10per cent

U.S. pipeline operator Kinder Morgan Inc reported a 10per cent drop in quarterly profit on Wednesday as a steep drop in natural gas prices due to the coronavirus pandemic hurt production and transportation of the fuel.
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Kinder Morgan quarterly profit falls 10per cent

U.S. pipeline operator Kinder Morgan Inc reported a 10per cent drop in quarterly profit on Wednesday as a steep drop in natural gas prices due to the coronavirus pandemic hurt production and transportation of the fuel.

US economic recovery slow and modest, but some sectors struggling: Fed survey

The U.S. economy continued to recover at a slight to modest pace through early October as consumers bought homes and increased spending, but the picture varied greatly from sector to sector, the Federal Reserve said on Wednesday.
Channel NewsAsia

US economic recovery slow and modest, but some sectors struggling: Fed survey

The U.S. economy continued to recover at a slight to modest pace through early October as consumers bought homes and increased spending, but the picture varied greatly from sector to sector, the Federal Reserve said on Wednesday.

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