SINGAPORE – “When will YOU win a Nobel Prize?” Scientists receive regular reminders of how important this prize is in their relatives’ (and the public’s) mind. For many, the Nobel Prize is their idea of science. Indeed these are the most famous awards in medicine, chemistry and physics. Scientists also pay attention to the Nobel […]

An annual reshuffle of principals will see 43 schools next year with new leaders, including nine from the Ministry of Education (MOE) headquarters. It is the highest number of officers to be moved from the headquarters to head schools in recent years, according to checks by The Straits Times. The number of such transfers ranged […]

Don’t leave retraining workers to the last minute, Senior Minister Tharman Shanmugaratnam said yesterday, calling on employers to take the lead in equipping their staff for future jobs. He said both employers and workers must embrace changes in the job market so as not to end up in a situation where inequalities widen when some […]

Being an eco-friendly shopper in Singapore means opting for and using a reusable plastic bag many times instead of using a cotton one, a new study has found. Forgot the reusable plastic bag? Then the next best option would be to use a single-use plastic bag, instead of a paper one or one made of […]

KUALA LUMPUR • Malaysian glove makers are threatening to supplant the once-mighty gaming companies in the nation’s benchmark equity index, thanks to the spectacular rally in their shares. Supermax and Kossan Rubber Industries may join bigger rivals Top Glove and Hartalega Holdings in the 30-stock FTSE Bursa Malaysia KLCI Index after a review of the […]

Singapore’s Nanofilm Technologies International proposed an initial public offering (IPO) yesterday which three sources with knowledge of the matter said could raise up to $510 million. If successful, it will be the Singapore Exchange’s biggest listing in recent years, excluding offerings from real estate investment trusts and business trusts. The sources declined to be identified […]

Local shares rebounded yesterday to end a choppy week in the black as investors reacted positively to the country’s non-oil domestic exports (Nodx) figures in September. The benchmark Straits Times Index (STI) climbed 0.37 per cent or 9.4 points to close at 2,533.02 with gainers outpacing losers 246 to 177 on trade of 1.07 billion […]

New Silkroutes Group chairman Goh Jin Hian and finance director William Teo Thiam Chuan have quit amid Commercial Affairs Department (CAD) investigations. Dr Goh quit “to devote more time to his personal affairs”, while Mr Tan stepped down “to focus on personal matters and to pursue other interests”, the healthcare firm said late on Thursday […]

DHAKA • Millions of garment workers could lose their jobs, with global brands demanding price cuts and delaying payments to suppliers which are desperate for orders to survive the Covid-19 pandemic, researchers said yesterday. Suppliers have been asked to make their prices an average of 12 per cent cheaper than last year, research by the […]

Taxpayers, both corporate and individual, contributed more to the Government’s coffers in the past financial year, but analysts caution that the pace could slow down on the back of the Covid-19 pandemic. The Inland Revenue Authority of Singapore (Iras) collected $53.5 billion in taxes in the fiscal year 2019/20, which is 2.1 per cent more […]

KUALA LUMPUR (BLOOMBERG) – Malaysian glove makers are threatening to supplant the once-mighty gaming companies in the nation’s benchmark equity index, thanks to the spectacular rally in their shares. Supermax Corp and Kossan Rubber Industries may join bigger rivals Top Glove Corp and Hartalega Holdings Bhd in the 30-stock FTSE Bursa Malaysia KLCI Index after […]

WASHINGTON (BLOOMBERG) – World Bank chief economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. “This did not start as a financial crisis but it is morphing into a major economic crisis, with very serious financial consequences,” Ms Reinhart said […]

SINGAPORE (THE BUSINESS TIMES) – The Singapore court on Thursday (OCT 15) sentenced a former CGS-CIMB Securities employee to 20 months and 18 weeks’ jail for her involvement in manipulating trading in the shares of Catalist-listed Koyo International between August 2014 and January 2016. Lau Wan Heng, 62, initially a broker and later a remisier […]

DHAKA (REUTERS) – Millions of garment workers could lose their jobs as global brands are demanding price cuts and delaying payments to suppliers who are desperate for orders to survive the new coronavirus pandemic, US researchers said on Friday (Oct 16). Suppliers have been asked to make their prices an average of 12 per cent […]

SINGAPORE – Singapore’s non-oil domestic exports (Nodx) grew at a slower pace in September, prompting analysts to warn of a still bumpy recovery path ahead. According to data from Enterprise Singapore (ESG) on Friday (Oct 16), shipments last month rose 5.9 per cent year on year, lower than the 7.7 per cent expansion recorded in August. It also […]

The incomes of Singapore’s workers at the 10th percentile increased by more than 50 per cent over the past decade to $1,517 last year, said Senior Minister of State for Manpower Zaqy Mohamad. Full-time resident workers at this percentile had earned $1,000 in 2009, which illustrates the progress made under Singapore’s policy measures, he said. […]

Each member of a Singaporean household has received an average of $1,500 in Covid-19-related support, said Deputy Prime Minister Heng Swee Keat. In addition, more than 300,000 Singaporean households have benefited from a voucher scheme launched by the community development councils (CDCs) in June to help needy families with daily expenses, he added. A second […]

The future of Housing Board (HDB) living will see smart fittings that give home owners the option of not only monitoring energy consumption and controlling smart appliances, but also directional signage with larger fonts and pictorial symbols. This is to ensure smart and sustainable living will keep pace with Singapore’s ageing population, said Deputy Prime […]

The Workers’ Party’s call for a universal minimum wage could leave workers and firms worse off, with the exercise to determine the wage level devolving into a political auction, said NTUC deputy secretary-general Koh Poh Koon yesterday. A single minimum wage is not a panacea for low-wage workers, he added. Like all other policies, there […]

Efforts to boost economic recovery and create jobs need to intensify, now that the Covid-19 situation has stabilised, said Deputy Prime Minister and Finance Minister Heng Swee Keat. The move requires the Government to shift from broad-based relief measures to more targeted support so firms and workers can stave off the worst effects of the […]