Economy Singapore 

Banks kept at ‘overweight’ by UOB on Fed’s dovish stance, dividend yield

SINGAPORE (Jan 18): UOB Kay Hian is maintaining Singapore’s banking sector at “overweight” after the US Fed calmed the nerves of investors with its dovish disposition, which subsequently generated a relief rally. “We maintain ‘buy’ for both DBS and OCBC, although we prefer OCBC,” says analyst Jonathan Koh in a Friday report. The research house has target prices of $28.50 and $13.82 respectively. Fed’s narrative took a dovish turn in mid-Nov when Fed Chairman Jerome Powell highlighted potential headwinds buffeting the US economy in 2019, including a slowdown in growth…

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News Singapore 

Motorcyclist taken to hospital after getting hit by car and run over by van on AYE

SINGAPORE – A 29-year-old motorcyclist was taken to hospital after she was run over by a van on the Ayer Rajah Expressway (AYE) on Thursday (Jan 17). Footage of the incident shows a car colliding with the motorcycle on the rightmost lane of the expressway, apparently while trying to change lanes. The motorcyclist is knocked off her bike, which skids across three lanes. The impact also sends her sprawling into the path of a van, which appears to have swerved to avoid the car. Unable to stop in time, the…

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Economy Food Singapore 

Hawkers get faster access to funds from Nets transactions

SINGAPORE – In a move to address hawkers’ grouses about e-payment delays, Nets said on Thursday (Jan 17) proceeds from Nets transactions made before 5pm will now land in hawkers’ bank accounts by 11pm the same day. Proceeds from transactions made after 5pm will be credited to the hawkers’ bank accounts before 9am the next day. The firm said the initiative, which was launched on Thursday, will improve cash flow and give hawkers faster access to their funds. To be eligible for this new system, hawkers must have a DBS,…

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Singapore SINGAPORE COURTS 

Bangladeshi jailed for posting nude photos of maid online after she rejected his advances

SINGAPORE – A Bangladeshi man angry with a foreign domestic worker for rejecting his advances leaked her nude photos online. For his actions, Islam Rokibul, 32, a marine trades worker, was sentenced to four months’ jail on Monday (Jan 14). He had pleaded guilty to criminal intimidation and transmitting obscene material by electronic means. Deputy Public Prosecutor Jaime Pang told the court that Islam and his 28-year-old victim first got to know each other on Facebook. The victim cannot be named to protect her identity. One day, Islam had a…

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Environment News Singapore Singapore Police Worst Company 

Love thy neighbor…or not in the case of bio tech company, Kyowa.

As the second commandment of the old testament and the most basic of sentiments one could lend to another, this simple principle of treating others how you would like to be treated seems to be a virtue not considered in Kyowa Singapore Pte. Ltd. Not from entry level staff nor senior management.For a company that quotes, “the health and well-being of people around the world” this bio- technology firm seems not to practice such at even the grass roots level. On the 12 th of January 2019, Your Voice Asia…

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Singapore 

CES 2019: Singapore products flying the flag in Las Vegas

LAS VEGAS – On the show floors of CES 2019, there are some Singapore tech products (other than Creative) that caught our eyes. Here are five of them. AIRESONE JUNIOR US$199 (or $269), available June 2019 AirSone Junior is a smart wearable for tracking children’s vitals during their sleep. ST PHOTO: TREVOR TAN PHOTO: TWITTER As it name implies, the AireSone Junior is a smart wearable meant for children aged three and above. Making its debut in CES 2019, the AireSone Junior tracks the breathing, heart rate and coughing during…

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Drugs Singapore 

5 arrested as heroin and other drugs worth $154,000 seized

SINGAPORE – About 1.83kg of heroin, 243g of “Ice” and an assortment of other drugs were seized by the CentralSINGAPORE – About 1.83kg of heroin, 243g of “Ice” and an assortment of other drugs were seized by the Central Narcotics Bureau (CNB) on Friday (Jan 11). Five suspected drug offenders were arrested. The drugs seized are estimated to be worth about $154,000. The 1.83kg of heroin is enough to feed the addiction of 871 abusers for a week, while 243g of “Ice” can feed the addiction of 139 abusers for a…

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Government to run ElderShield from 2021, taking over from three private insurers

SINGAPORE – The Government will run ElderShield from 2021 after reaching an agreement with Aviva, Great Eastern and NTUC Income, the private insurers currently administering the insurance scheme for people with severe disabilities. In a statement on Monday (Jan 7), the Ministry of Health (MOH) said that the Government will operate the scheme on a not-for-profit basis. “In the event that the actual claims experience turns out better than expected, there will continue to be premium rebates for ElderShield policyholders.” With the change, MOH said ElderShield policyholders will be able…

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Murder News Singapore 

Man charged with murder of woman in Geylang hotel

A man appeared in court to face a murder charge yesterday after a woman was found dead at the Golden Dragon Hotel in Geylang over the weekend. Bangladeshi Ahmed Salim, 30, was charged with murdering Ms Nurhidayati Wartono Surata, 34, between 5.08pm and 8.12pm on Sunday. Police had said that the pair knew each other but court documents did not reveal the nature of their relationship. The Straits Times earlier reported that officers were alerted to the case at 10.45pm on Sunday. Ms Nurhidayati, an Indonesian, was later found lying…

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Drugs Methamphetamine pills News Singapore 

Hwa Chong Institution teacher faces drug charges including methamphetamine consumption

SINGAPORE – A Hwa Chong Institution (HCI) teacher appeared in court on Friday (Jan 4) to face drug-related charges including methamphetamine consumption. Briton Christopher David Burge, 65, was first charged on Sept 22 last year. He is accused of attempting to possess five packets of a crystalline substance between Sept 14 and 19 last year. They were later found to contain at least 3.6g of methamphetamine. The humanities teacher is also accused of consuming the drug on Sept 20 last year. He was allegedly found with drug paraphernalia including glass apparatus…

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