Singapore sets aside over $8 billion in 2021 budget for new Covid support package

The Singapore government on Tuesday announced a new fiscal package worth 11 billion Singapore dollars ($8.3 billion) to support Covid vaccination efforts and economic segments hit hard in the pandemic. Finance Minister Heng Swee Keat, in his annual budget speech, outlined how the funds will be used: About 4.8 billion Singapore dollars ($3.6 billion) are… Continue reading Singapore sets aside over $8 billion in 2021 budget for new Covid support package

Singapore is set to release its 2021 budget. Here’s why this budget could be an ‘unusual’ one

With the Singapore economy still reeling from the pandemic-induced downturn, analysts expect the government to incur a rare budget deficit at the start of its new term in office. “This will be unusual as the government typically starts the first year of its new term with a sizeable budget surplus,” economists from brokerage Maybank Kim… Continue reading Singapore is set to release its 2021 budget. Here’s why this budget could be an ‘unusual’ one

Carmaker Nio is ‘well positioned’ to capture a lot of China’s electric vehicle market, analyst says

SINGAPORE — As domestic carmakers in China try to position themselves against Tesla in the growing Chinese electric vehicle space, Nio is well-placed to capture a sizeable chunk of the market, an analyst told CNBC. The Chinese electric car start-up released its first sedan, the et7, on Saturday with self-driving technology features that it claims… Continue reading Carmaker Nio is ‘well positioned’ to capture a lot of China’s electric vehicle market, analyst says

Singapore’s ‘cruise to nowhere’ forced to return early after passenger tests positive for Covid

A passenger on board Royal Caribbean’s Quantum of the Seas has tested positive for Covid-19, forcing the cruise ship’s early return to port.The ship set sail from Singapore on a “cruise to nowhere” — a concept that’s being tested in the city-state that allows cruise ships to make round trips to Singapore with no port… Continue reading Singapore’s ‘cruise to nowhere’ forced to return early after passenger tests positive for Covid

Singapore’s digital bank license winner says it’s not trying to bring down established banks

Singtel has won one of Singapore’s first digital banking licenses with its partner Grab, but the largest telco in Singapore says its entrance into the financial sector is not aimed at bringing down any established bank.The Singtel-Grab consortium is one of the four successful applicants, and its license will allow it to take deposits and… Continue reading Singapore’s digital bank license winner says it’s not trying to bring down established banks

‘All eyes’ on the Hong Kong-Singapore travel bubble as other Asian countries prepare for more, bookings firm says

The travel industry will be closely watching to see if the Singapore-Hong Kong travel bubble will succeed, as countries in the region hope to strike up similar arrangements.Eric Gnock Fah, co-founder of travel bookings platform Klook, said tourism boards across the region have already reached out to make plans. Klook: ‘Really excited’ about Hong Kong-Singapore… Continue reading ‘All eyes’ on the Hong Kong-Singapore travel bubble as other Asian countries prepare for more, bookings firm says

Update: British DJ, Yuen Ye Ming caned 24 times for drug offences in Singapore

A British DJ has been flogged naked in Singapore for drugs offences despite calls for leniency from Home Secretary Priti Patel and ex-foreign secretary Jeremy Hunt. Yuen Ye Ming, a London-born, Singapore-based drum and bass DJ was sentenced to 20 years imprisonment and 24 strokes of the cane on two sets of charges of trafficking, possession,… Continue reading Update: British DJ, Yuen Ye Ming caned 24 times for drug offences in Singapore

British DJ, Yuen Ye Ming faces caning in Singapore for drug offences after losing appeal

The Court of Appeal in Singapore has rejected a bid by a British DJ to raise legal questions related to his sentence of 20 years’ jail and 24 strokes of the cane for two sets of drug offences committed in 2016 and 2018. Yuen Ye Ming, a London-born, Singapore-based drum and bass DJ was sentenced… Continue reading British DJ, Yuen Ye Ming faces caning in Singapore for drug offences after losing appeal

37-year-old man becomes the first person to be sentenced to death in Singapore via Zoom call

 A man has been sentenced to death in Singapore via a Zoom video call in the country’s first case where such a decision has been delivered remotely. Court documents on Wednesday revealed that Punithan Genasan, a 37-year-old Malaysian, received the sentence on Friday for his role in a 2011 heroin transaction, with the country under… Continue reading 37-year-old man becomes the first person to be sentenced to death in Singapore via Zoom call