The Straits Times - October 15, 2024
The Straits Times - October 15, 2024
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In this issue
October 15, 2024
Allianz-Income deal off in its current form; Govt open to new arrangement
Terms, structure of this specific transaction not in public interest, says Edwin Tong
5 mins
WP chief lied to downplay responsibility in Raeesah Khan's untruth: Prosecution
After he found out former Sengkang GRC MP Raeesah Khan had lied in Parliament, Workers' Party (WP) chief and Leader of the Opposition Pritam Singh told a parliamentary committee investigating the matter that he had asked her to clarify the untruth to the House.
5 mins
Why deal between Allianz and Income was scuppered
MCCY not convinced Income can continue fulfilling its social mission after the deal
3 mins
Key points from Raeesah Khan's testimony in Pritam Singh trial
Former Sengkang GRC MP Raeesah Khan is the first witness the prosecution called to testify on Oct 14, the first day of the trial of Workers' Party (WP) chief and Leader of the Opposition Pritam Singh.
7 mins
Singapore economy grows 4.1% in Q3, beating forecasts
Growth fuelled by manufacturing rebound, with sector expanding by 7.5%
2 mins
Fictitious claims, time-wasting tactics will be considered contempt of court under new Bill
The use of time-wasting tactics and fictitious claims to delay criminal proceedings will be considered contempt of court under a new Bill, with offenders facing a possible jail sentence and fine.
4 mins
High standards of conduct expected of all public servants: Chan
Obtaining valuable gifts unacceptable as it undermines integrity of the Govt, he says
3 mins
MAS maintains Singdollar policy, sees core inflation easing to 2% by Dec
Singapore's central bank kept unchanged its monetary policy stance that favours a stronger Singapore dollar to curb inflation, which it said would continue to ease through the rest of 2024.
3 mins
Biden's missile support for Israel may not deter Iranian retaliation
Tehran defiant despite Biden's decision to deploy US troop-operated Thaad system
4 mins
Beijing holds military drills around Taiwan, drawing concern
TAIPEI - China's military staged a day of war games near Taiwan on Oct 14, saying it was a warning to the \"separatist acts of Taiwan independence forces\", drawing condemnation from the Taipei and US governments.
4 mins
China's economic turnaround depends on the will to grow private sector
Govt's move to boost business confidence seen as positive amid ailing economy
4 mins
Philippine minister doubts Beijing's sincerity on sea code
MANILA - The Philippines doubts China's intention to negotiate a regional code of conduct in the South China Sea, although Manila is looking forward to continuing discussions, Defence Minister Gilberto Teodoro said on Oct 14.
1 min
Taiwan tycoon and lawmaker sanctioned for 'separatist' acts
BEIJING – China said on Oct 14 it would punish and sanction Taiwanese businessman Robert Tsao and lawmaker Puma Shen for alleged criminal and pro-Taiwan independence activities.
2 mins
Johor gearing up for surge in visitors after weekend change
JOHOR BAHRU - Businesses are considering measures to prepare for the larger crowds expected to flock to the city once Johor starts observing the Saturday-Sunday weekend in 2025.
2 mins
Zelensky says North Koreans fighting alongside Russians in Ukraine
KYIV - Ukrainian President Volodymyr Zelensky said on Oct 13 that defence relationships with his country's partners would have to change in the light of North Korean transfers of people as well as weapons to Russian forces in Ukraine.
1 min
New South Wales teaches youth how to stay safe at nightlife venues
New initiative in Aussie state shows them what to expect via mock visit to nightclub
3 mins
Seoul says Pyongyang set to blow up cross-border roads amid drone row
SEOUL - North Korea is getting ready to blow up roads that cross the heavily militarised border with South Korea, Seoul said on Oct 14, amid an escalating war of words after the North accused its rival of sending drones over its capital Pyongyang.
2 mins
India's space strategy: Harness data and tiny satellites
BENGALURU - India has a plan to carve out a beachhead in the battle for commercial space, officials say: crunching space data, building small satellites and launching them cheaply into orbit rather than challenging heavyweights such as SpaceX head-on.
3 mins
Fisher-Price recalls 2 million baby swings after 5 deaths
After at least five infants died while sleeping in a product made by Fisher-Price, the company has recalled more than two million units of the product, the Snuga Swing, because it poses a suffocation risk, according to the recall.
1 min
US trio win Nobel economics prize for research on wealth gap
STOCKHOLM – Three US-based academics won the 2024 Nobel economics prize on Oct 14 for research that explored the aftermath of colonisation to understand why global inequality persists today, especially in countries dogged by corruption and dictatorship.
1 min
At least 18 killed in Israeli strike on northern Lebanon
Israel expands operations in country as tensions with UN peacekeepers in south run high
3 mins
Trump pledges extra 10,000 border agents
WASHINGTON - Donald Trump pledged on Oct 13 to hire an extra 10,000 border patrol agents if he is re-elected as president, as he intensifies his attacks on Democratic candidate Kamala Harris on the issue of immigration.
1 min
Trump rally in heart of liberal California draws thousands
Attendees a diverse group, whose top concerns include cost of living and crime
3 mins
Biden vows to continue supporting Florida's recovery from Hurricane Milton
ST PETE BEACH, Florida – After surveying battered communities and debris-filled streets in Florida, US President Joe Biden vowed on Oct 13 to continue supporting the state's recovery from Hurricane Milton, the second major storm to pummel the region in recent weeks.
3 mins
Asatizahs can help Malay/Muslim community even more: Masagos
Nearly 30,000 Malay/Muslim couples have benefited from a programme to support them in their marital journey, with a study showing positive results.
3 mins
Build on positive experiences to forge multi-ethnic social compact: President
Proactive efforts needed to build shared identity between different races, religions
3 mins
Istana open house to be held on Oct 20 to celebrate Deepavali
The Istana will be open to the public on Oct 20, from 8.30am to 6pm, in celebration of Deepavali.
1 min
Courts may ask divorcing couples to work on saving marriage instead
Couples who file for divorce by mutual agreement have to state efforts to reconcile
4 mins
Older members' CPF Special Accounts to close from second half of January
The closure of the CPF Special Account (SA) for members aged 55 and above will take place from the second half of January 2025 onwards, after changes to the CPF Act were passed in Parliament on Oct 14.
4 mins
Cases of online bullying set to rise: Chan Chun Sing
Trend is due to wider internet exposure and greater awareness of cyber bullying
4 mins
Senior judge, national sprinter lauded at Her World's annual awards
Two women who have set records and blazed a trail in their respective fields were recognised at Her World magazine's annual awards ceremony on Oct 14.
2 mins
Leave wage rises to market forces once PWM has corrected pay: NMP
Wage model could backfire if schedule is set out for longer than needed, he says
3 mins
Local stocks rise on robust GDP growth data; STI up 0.6%
● Fastest pace of GDP growth here since third-quarter 2022 ● Thai Beverage leads gains on STI; Yangzijiang top loser ● Across broader market, losers outnumber gainers 301 to 254
1 min
Yangzijiang discloses that customers began arbitration proceedings for $1.09 billion
Yangzijiang Shipbuilding announced that arbitration proceedings had been filed in London two years ago against three of its units over the orders of 10 vessels worth US$900 million for alleged breach of contract.
1 min
Japan set on attracting digital nomads to boost its regional economies
TOKYO - Mr Richard Keil is German, but any place in the world can be his workplace as long as he has his laptop and Wi-Fi. If there is also a room for online meetings, that would be perfect.
3 mins
China stimulus plan leads Goldman to raise GDP forecast
It expects economy to grow 4.9% in 2024; lifts forecast for 2025 to 4.7%, up from 4.3%
2 mins
China firm says it has built world's biggest offshore wind turbine
BEIJING – China's Dongfang Electric has surprised the offshore wind industry with an announcement that it has built a new turbine radically larger than anything previously available in the sector.
1 min
MYSTERY SHOPPER, UNDERCOVER BOSS
Courts CEO goes incognito to stay connected with staff and better understand customers
4 mins
Troubled US retailers face expected drop in Halloween spending
NEW YORK – A predicted slide in Halloween consumption is the latest blow for heavily indebted retailers battling mounting overheads and the trend of consumers trading down to cheaper products.
2 mins
Founding families of South Korean zinc refiner in bitter feud for control
SEOUL - The battle for control of the world's largest zinc refiner between its two founding families faces a critical deadline that could mark the beginning of the end of a multibillion-dollar feud.
2 mins
S'pore banks expect rate cuts, China stimulus to boost wealth business
Singapore banks' mainstay wealth businesses are set to drive growth in the near term on interest rate cuts and hopes of a revival in the Chinese economy, even as they are expected to post a quarter-on-quarter decline in earnings in the third quarter.
2 mins
S'pore keen to work with partners on AI-enabled production
DPM Heng outlines ways partners can collaborate with local manufacturing sector
3 mins
Amid its wars, clashing visions of a new Middle East struggle to emerge
Israel, Iran, the US and the rich Gulf states each have different ideas about the region's future.
7 mins
Vietnam's relationship with Big Tech is at a crossroads
It's hard being your favourite supplier's favourite supplier.
3 mins
What can you do to prevent dementia?
Age and genes can't be modified, but you can work on other risk factors to delay or prevent dementia, say experts.
6 mins
Navigating health technology: the challenges and the rewards
Advances in AI and genomics can fundamentally transform healthcare but guard rails are needed too.
7 mins
5-day week for pre-school teachers good but not longer weekdays
As part of ongoing efforts to improve the working conditions of early childhood (EC) educators, it was announced in July 2023 that the mandatory requirement for childcare centres to operate on Saturdays would be removed, with this change starting in January 2025.
1 min
Mental health • Don't ignore red flags in potential cases
The tragic death of a man (Jail for man who left friend to die after fatal punch, Oct 10) raises important questions, particularly in the light of recent efforts to increase mental health awareness.
1 min
Retrenchments ● Don't let labour tripartism be a mere slogan
The Ministry of Manpower (MOM) has said tech firm Dyson submitted its mandatory retrenchment notification on time (Dyson informed MOM of its retrenchments 'on time', says ministry, Oct 13).
1 min
Money lock • Let banks activate feature by default
The money lock feature is an effective way for banks to protect the funds in their clients' accounts from scammers (Retiree clicks curry ad and loses $33k; money lock saves rest of funds, Oct 13).
1 min
Emergencies ● Telco outage a good reminder of how to be better prepared
The Singtel outage, which cut off calls to the police and other public lines, may be a good reminder for the common citizen to responsibly enhance his contingency preparedness for crises, says the writer.
1 min
MOREIRA HAS FAITH IN BUCKAROO
After treble in Brazil, Magic Man eyes first big Spring Carnival test in Gl Caulfield Cup
3 mins
It may pay to follow Woman's World in Race 4
Oct 15 South Africa (Fairview) form analysis
2 mins
WITNESSING MALAYSIA'S NEXT STAR IN THE MAKING
Dunderdale's No. 1 is Antipodean, but Witnessimpact is on the rise
3 mins
Brunson puts NBA, Knicks in good nick
NEW YORK - This off-season, New York Knicks star guard Jalen Brunson signed a four-year, US$156.5 million (S$204.4 million) contract extension with the team.
3 mins
B'S A-GAME HELPS LIBERTY LEVEL SERIES
Coach Brondello praises Laney-Hamilton's 'massive' 20 points in 80-66 Game 2 win
2 mins
McCarty has 'a lot of fun' winning in second start
LOS ANGELES - Matt McCarty wasted no time making the most of his rookie season on the PGA Tour, as the newcomer won the inaugural Black Desert Championship on Oct 13 in Ivins, Utah.
2 mins
ENGLAND 'DESERVE' TOP COACH
HELSINKI - Lee Carsley admitted that England deserve a “world-class coach” with a winning habit after their 3-1 victory against Finland on Oct 13 left the interim manager's future unresolved.
2 mins
Ex-teammates but Popovic and Moriyasu meet as foes
TOKYO – Australia coach Tony Popovic will look to continue the Socceroos' World Cup qualifying renaissance against a familiar foe on Oct 15, as he takes his team to Saitama Stadium to face former teammate Hajime Moriyasu and his rampant Japanese team.
2 mins
Real battle for Cup spot begins for China
BEIJING - China's hopes of reaching the 2026 World Cup are hanging by a thread after three consecutive qualifying defeats, but the Oct 15 clash against Indonesia on home turf provides Branko Ivankovic's side with another opportunity to right the ship.
2 mins
Gulf in class good lesson for Lions in Japan, says Ogura
YOKOHAMA - The Lions were on the receiving end of a chastening 7-1 defeat by J1 League's Yokohama F. Marinos on Oct 14, when they rounded up their 10-day training camp in Japan.
3 mins
AIM TO PLAY FOR J2, J3 SIDES: FAS' TAN
He dreams of 'mutually beneficial' plan with Japan to quicken development of football
4 mins
Reading between the (press conference) lines is a sport, too
The press conference in sport can be death by cliche. It can commence with \"So how do you feel?\" queries after devastating losses. It can be trite, repetitious and Venus Williams-style monosyllabic.
3 mins
MAEDER ENDS ON A HIGH
S'pore kitefoiler wins European youth title to close 2024, which felt like 'two seasons'
2 mins
Spot wildlife, sip rum in Rwanda
The East African nation, an under-the-radar destination for safaris, is also where a Singaporean set up a distillery in 2022
10 mins
It's like a Windows desktop screensaver'
Take in picturesque views while in Kazakhstan, the world's largest landlocked country
7 mins
Sophie Kinsella was diagnosed with brain cancer, then wrote a book about it
Sitting beneath a skylight on a brilliant Sunday morning, Sophie Kinsella called to mind a posh, slightly weary matriarch who might appear in one of her novels.
4 mins
Jackson Wang delves into the eerie side with comic book
The Hong Kong rapper-singer, who had a book-signing session at Resorts World Sentosa, is also planning an animation series
2 mins
Terrifier 3 tops North America box office with $23.8m debut
LOS ANGELES – New indie horror film Terrifier 3 opened atop the North American box office, while the previous weekend's leader, Joker: Folie A Deux, suffered a record plunge from its own debut, industry watchers reported on Oct 13.
1 min
Giorgio Armani, 90, plans to retire within 'two or three years'
ROME - Giorgio Armani, founder of the eponymous Italian fashion brand, said in an interview published on Oct 13 that he plans to retire within the next two or three years.
1 min
Air Supply to perform in Singapore
Soft-rock veterans Air Supply will be back in Singapore to perform at Resorts World Ballroom on Dec 13. Tickets with prices starting at $88 will go on sale on Oct 15.
1 min
Music manager Scooter Braun to Swifties: 'It's time to move on'
LOS ANGELES - Mr Scooter Braun weighed in on his long-ago feud with American singer-songwriter Taylor Swift, who grew angry with the talent manager after he acquired the master recordings of her early albums.
1 min
The Straits Times Newspaper Description:
Publisher: SPH Media Limited
Category: Newspaper
Language: English
Frequency: Daily
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