The most recent Department results follow LTA’s earlier on Wednesday enforcing a three-year lock-in period for all previously registered or converted rented private-hire automobiles that are owned by companies and all other types of vehicles that have been transferred from individuals to businesses. LTA had intended to release the newContinue Reading
In addition, a lot has been put forth in the Budget for this year to address upcoming challenges and dangers while support is provided to Singaporeans to deal with the latest bread and butter issues.
In his statement, Mr Wong noted that while Singapore’s market expanded by 4.4 per share in 2024, maintaining that rate will be hard. A more achievable goal would be to achieve 2 to 3 percent over the next ten years.
It is apparent that the state is attempting to use measures to ensure Singapore retains a leading place as a global trade and business gateway when combined with the increasingly complex and uncertain global political environment with more countries adopting mercantilist trade policies.
Singapore’s future-ready workplace has been a key pillar to maintaining its attractiveness as a worldwide business place and beautiful hub for multi-national enterprises, and the additions to the SkillsFuture program highlight the importance of developing their skills and capabilities to deal with new industries and sectors that will be the staple of the future economy.
The authorities also launched initiatives to encourage businesses operating in Singapore to use natural products, services, and products like electric vehicles, while also expressing an interest in exploring fresh, sustainable energy sources like nuclear power.
The initiatives to improve the attractiveness of the Singapore Exchange, increase business access, and promote an equitable economy that values the old and the disabled, represent a whole-government strategy for creating a socially and economically feasible nationwide value proposition.
Probably the question we should be asking is not so much whether this week’s Budget is an vote or SG60 Budget, but whether it forms part of the president’s long-term plan to ensure Singapore’s endurance in the next 60 years and beyond.
It’s impossible to foresee how the next six decades may turn out, and glass ball-gazing is an imperfect knowledge at best. However, how Singapore reacts to the volatility in the coming weeks as the second Trump administration continues to alter the US position in the world, US-China opposition rises, and the risk of continuing fight in the Middle East, Ukraine, and other countries will be a good indication of whether Budget 2025 will be a significant step forward in future-proofing the nation.
In a world that is becoming more and more turbulent, it will be crucial to see if Singaporeans are assured that they will be supported in their work to survive and prosper.
If thus, then we can really look forward to the “better tomorrow” highlighted in the style of Mr Wong’s latest Budget conversation.
Previous columnist and Nominated Member of Parliament Nicholas Fang. He serves as the managing director of the corporate consulting firm Black Dot and the director of safety and global matters at the Singapore Institute of International Affairs.
A 31-year-old person has been charged by American authorities for assaulting two Muslim women last week at a Melbourne shopping center.
According to local media reports, the girl from Pascoe Vale district is scheduled to appear in court on Wednesday, where it will be charged that she targeted the two patients on February 13 because of their head covering.
A 30-year-old female woman reportedly used the latter’s dress to choke and grab another 30-year-old woman before pushing and slapping another 26-year-old lady in a separate abuse ten minutes later.
This comes two weeks after the country passed tough new laws against hate crimes following a recent string of high-profile antisemitic attacks.
On Wednesday, Australian Prime Minister Anthony Albanese criticized the tragedy as “reprehensible.” He refrained from expressing his disapproval of the claim that his state was treating racist attacks less seriously than Antisemitic attacks.
” I take all attacks on people on the basis of their beliefs severely, and they should all face the full power of the law”, he told reporters.
According to reports of online threats to one of the two victims in the shopping center, Melbourne police are looking into the information. Both suffered non-life-threatening accidents.
On Tuesday, Australia’s anti-Islamophobia minister, Aftab Malik, told the Australian Broadcasting Corporation that” all forms of love need to quit” and that the country’s leaders may condemn the affair in Melbourne.
Earlier in the week, the leader of the American Federation of Islamic Councils, Rateb Jneid, expressed concern over strikes on Muslims in the country and called the administration’s response “grossly unsatisfactory”.
The Singapore-based budget airline Move has reinstated credit and debit cards processing fees for departures from Singapore. Six decades after it announced that it would abolish payment processing charges international, the company made the decision.
In addition to Singapore, airlines leaving from , Australia, Japan, Taiwan and Thailand are also subject to these handling fees.
Answering on the need for these processing charges, Scoot said on its website , that the airport “incurs a charge from credit card companies and settlement alternative providers for the popularity of credit/debit cards for transactions” from selected countries.
Fumio Kishida, Japan’s former prime minister, was attempted murder by a guy who was given a 10-year jail sentence in 2023.
Ryuji Kimura, 25, hurled a pipe bomb at Kishida as the country’s leader approached a crowd for a speech during an election event in the city of Wakayama.
A police agent and a member of the public were only seriously hurt when the dessert device’s explosion occurred, despite Kishida being uninjured.
The strike shocked Japan because it occurred less than a year after Shinzo Abe was fatally shot at an outdoors election campaign event.
Kimura, who was sentenced on Wednesday, claimed during questioning his intent was not to destroy Kishida, but to subject to the country’s vote years regulation which prevented him from getting into politics.
He added that he threw the weapon to bring the case against him in court in 2022, which was dismissed.
Given the severity of Kimura’s wounds, a three-year jail sentence would be appropriate, and he should not be accused of attempted murder, according to Kimura’s defense.
The jury stated, nevertheless, that the bombs were strong sufficiently to cause fatal injury.
Presiding determine Keiko Fukushima remarked in the decision that “targeting a serving prime minister caused considerable anxiety to world as a whole.”
Kimura was found guilty of violating weapon control laws and regulations in addition to the attempted murder charge.
His 10-year word is five times less than what the prosecution had requested.
In Japan, despite being extremely uncommon, aggressive assassinations have become more common in the midst of Abe’s murder in 2022.
Less than a year after the intended invasion on Kishida, one that raised concerns about why there wasn’t a more secure environment around the nation’s leader at the time.
Around 4 p.m., SCDF reported that the fire was contained, but that the building’s architecture was determined to be fragile.
Autonomous technologies, including four unmanned fire devices and an unmanned aerial vehicle, are used for the firefighting operation to reduce risks to responders.
According to the statement,” Firefighting businesses are still running in the grounds to extinguish the last pockets of deep-seated fires.”  ,
Prior to the fire, SCDF had previously advised the general public to avoid the area, noting that alerts for SGSecure mobile app customers, M1, Star Hub, and Singtel wireless subscribers would have been made for those who lived close by.
Both sides of the road leading to the inventory were cordoned off with police audio when CNA arrived at the scene at 2.45pm.
There were at least two vehicles and more than seven SCDF fire vehicles.  , Another blaze website arrived at the scene at 3.35pm.
After a fire broke out there on Wednesday morning ( Feb 19 ), the public has been instructed to avoid the area of a warehouse in Kranji. The Singapore Civil Defence Force (SCDF) announced in a Twitter post at noon that it had been informed of the fire at 11Continue Reading
SINGAPORE: Instead of gambling aside the majority of the money, a producer of a business used to finance an order.  ,
Hendra Lim Yew Keng, 51, ultimately lost significantly more than what he had taken from his company affiliate.  ,
Lim, a Singaporean, was sentenced to two years and 10 months ‘ jail on Wednesday ( Feb 19 ) after he pleaded guilty to one count of criminal breach of trust.
His statement was based on two charges brought against him by the Organizations Act. These were connected to how he changed customers ‘ behavior from his first business to a brand-new one he had established.  ,  ,
Lim set up Bavarian Motors, a firm which exported and sold mechanical oil, with two friends in January 2015.  , He held the position of managing chairman with 40 per cent of the company’s shares.  ,
In 2016, Bavarian Motors was bought by another company, Xerone Solutions, which finally owned 100 per share of the business.  ,
Lim was offered and agreed to purchase a 25 % stake in Xerone Solutions. He oversaw Bavarian Motors ‘ sales and operations and remained its controlling director.  ,
Yet, concerned that his holding in Xerone Solutions had been diluted, Lim set up another firm, Exlube, in September 2016. This company also engaged in electrical lubricants.  ,
He wanted Exlube to act as a intermediary between new clients and Bavarian Motors, so that they may acquire from Bavarian Motors and supply customers while earning an extra profit margin.
Even though Lim was the only person in charge of Exlube, Lim asked his friend to serve as its chairman. From Jan 1, 2017, Lim was the sole producer of Exlube and its sole investor.  ,
Between late 2016 and quick 2017, Lim began to bargain strongly and lost money. He used Exlube materials to divert existing Bavarian Motors customers so he could get cash to kick his gambling habit.  ,
Bavarian Motors did not learn of his engagement with Exlube.  ,
Lim used business associates ‘ wealth to kickstart his gambling habit.
This company affiliate, Mr Ng Zu Sheng, was the chairman of a business that imported and exported automobile sections.  ,
Mr. Ng and his business were Lim’s customers since 2012.  ,
A user in China placed a sizable order for petroleum products in April 2017. At this point, however, Exlube only had S$ 6.05 ( US$ 4.50 currently ) in its account and did not have the funds needed to fulfil the order.  ,
Lim approached Mr Ng to fund S$ 504, 468 towards this purchase, and the latter agreed. Mr Ng was promised the money up, along with a 5 per cent income.
Mr Ng’s organization transferred the amount on May 4, 2017. Lim also deposited$ 200, 000 into his profile at Resorts World Sentosa casino on the same day, placing the remaining$ 2,500 in his profile.  ,
He withdrew another S$ 304,000 the following morning to play at Marina Bay Sands and Resorts World Sentosa gambling. In full, Lim misappropriated S$ 404, 000 to overspend.  ,
Lim lost more than S$ 800, 000 through wagering from May 5, 2017, to May 8, 2017.  ,
When Mr. Ng inquired about the purchase, Lim then claimed that the offer of the goods had been delayed. Then, under false pretenses, he claimed the funds were being used to purchase the goods from Bavarian Motors but that the firm had intervened because he had a business partner’s domestic conflict.  ,
He frequently lied about the transfer of the money to Bavarian Motors.  ,
In the end, Mr. Ng’s business sued Lim for the payment of the income, and Lim declared debt.  ,
The legal suit was therefore discontinued, with Mr Ng filing a police statement on Sep 18, 2019, over the theft.  ,
Lim has certainly made reparation to Mr Ng’s organization.  ,
General and specific punishment, according to region judge Salina Ishak, are Lim’s main sentencing principles.
She noted that Lim had lied to a company associate numerous times and that no compensation had been made.  ,
For legal breach of trust, Lim could have been jailed for up to seven years, fined, or both.
HSBC’s profit before tax ( PBT ) climbed by$ 2 billion to$ 32.3 billion for the financial year ending December 31, 2024, according to a regulatory announcement, profit after tax increased by$ 400 million to$ 25 billion. Overall revenue across the group climbed from$ 66 billion to$ 66.85 billion.  ,
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HSBC’s profit before tax rose by$ 2 billion to$ 32.3 billion for the financial year ending December 31, 2024, according to a regulatory announcement, profit after tax increased by$ 400 million to$ 25 billion. Overall revenue across the group climves from$ 66 billion to$ 66.85 billion.  ,
¬ Plaza Media Limited. All rights reserved.