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Budget 2020: Additional incentives to encourage use of more environmentally friendly vehicles

Tue, 02/18/2020 - 16:31
SINGAPORE: A series of measures, including additional incentives to purchase environmentally friendly vehicles, will be introduced as Singapore embarks on a vision to have all vehicles run on cleaner energy by 2040, announced Finance Minister Heng Swee Keat in his Budget 2020 speech on Tuesday (Feb ...

North Korea looks to hold 'Mass Games' this year despite COVID-19 fears: Tour companies

Tue, 02/18/2020 - 16:30
Despite North Korea's ban on foreign tourism over coronavirus fears, the isolated nation has announced plans to stage its "Mass Games", featuring thousands of dancers, gymnasts and singers, as soon as August, tour companies said on Tuesday.

Senior German conservative Roettgen says he wants to be CDU leader

Tue, 02/18/2020 - 16:28
Senior German conservative lawmaker Norbert Roettgen has put himself forward as a surprise contender to take over as leader of Chancellor Angela Merkel's Christian Democrats (CDU), he confirmed to Reuters on Tuesday.

Lesotho leader's wife murder trial to start next month: Court

Tue, 02/18/2020 - 16:23
The murder trial of the wife of Lesotho's prime minister, accused of murdering his previous wife, is set to start next month, a court official said on Tuesday.

Budget 2020: Up to S$350m for Social Services Agencies to tap on through new trust

Tue, 02/18/2020 - 16:20
SINGAPORE: Social Services Agencies will be able to tap on up to S$350 million in funds through the set-up of a new trust, Deputy Prime Minister Heng Swee Keat said in his Budget speech on Tuesday (Feb 18). This year, the Ministry of Social and Family Development (MSF) and National Council of ...

Budget 2020: New S$5b Coastal and Flood Protection fund to tackle 'significant' risk of rising sea levels

Tue, 02/18/2020 - 16:20
SINGAPORE: A new Coastal and Flood Protection fund with an initial injection of S$5 billion by the Government will be set up as Singapore prepares to deal with the “significant’ risk of rising sea levels, announced Finance Minister Heng Swee Keat in his Budget 2020 speech on Tuesday (Feb 18). The ...

Budget 2020: S$1b to be spent on enhancing Government’s cyber, data security capabilities

Tue, 02/18/2020 - 16:19
SINGAPORE: To build up the Government’s cyber and data security capabilities, S$1 billion will be put aside over the next three years, Deputy Prime Minister Heng Swee Keat revealed during his Budget 2020 speech on Tuesday (Feb 18).  As a small city-state, Singapore is vulnerable to volatilities ...

Alstom shares fall after its US$6.7 billion Bombardier rail deal

Tue, 02/18/2020 - 16:14
Alstom shares fell on Tuesday (Feb 18) after the French firm agreed to buy the rail division of Canada's Bombardier for up to €6.2 billion (US$6.7 billion), in a deal likely to be scrutinised by regulators and unions.

Netherlands to play Greece, Wales in Euro 2020 buildup

Tue, 02/18/2020 - 16:10
AMSTERDAM: The Netherlands will play Greece and Wales as part of their preparations for this year’s European Championship, the Dutch FA has said. They will host Greece in Enschede on May 28 and Wales in Rotterdam on June 6. The Netherlands have been drawn in Group C against Austria, Ukraine and a ...

French finance minister warns Renault against job cuts, factory closures

Tue, 02/18/2020 - 16:10
French Finance Minister Bruno Le Maire warned Renault on Tuesday against shutting factories in France and cutting jobs there after the carmaker announced "no taboos" cost cuts last week.

3-year-old boy found dead at foot of Ang Mo Kio block

Tue, 02/18/2020 - 16:10
SINGAPORE: A three-year-old boy was found dead at the foot of a block in Ang Mo Kio early on Tuesday (Feb 18) morning. Police said they were alerted to a case of unnatural death at Block 332, Ang Mo Kio Avenue 1 at about 6.40am. The toddler was subsequently pronounced dead at the scene by a ...

Budget 2020: New scheme to help those with less CPF savings to save more

Tue, 02/18/2020 - 16:02
SINGAPORE: Some lower- to middle-income Singaporeans aged 55 to 70 will get help from the Government to set aside the prevailing Basic Retirement Sum (BRS) in their Central Provident Fund (CPF) accounts, Deputy Prime Minister Heng Swee Keat announced in his Budget speech on Tuesday (Feb 18). The ...

SoftBank spends US$2.5 billion to get second Vision Fund off the ground: Sources

Tue, 02/18/2020 - 15:58
SoftBank Group Corp has pumped US$2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund.

Ex-coast guard chief charged over bungled South Korea ferry rescue

Tue, 02/18/2020 - 15:53
A former South Korean coast guard chief was indicted Tuesday for allegedly bungling rescue operations at one of the country's deadliest maritime disasters, when more than 300 people were killed, most of them schoolchildren.

Apple to miss revenue forecast as iPhone supply hit by COVID-19

Tue, 02/18/2020 - 15:52
SAN FRANCISCO: Apple announced on Monday (Feb 17) it would miss its March quarter revenue forecast and global iPhone supplies would fall because of the deadly coronavirus epidemic, triggering a fall in Asian stock markets. The COVID-19 death toll now exceeds 1,800 in China, where it has infected ...

Budget 2020: 5 things to know about plans to help workers and businesses amid COVID-19 challenges

Tue, 02/18/2020 - 15:46
SINGAPORE: Amid the COVID-19 outbreak and other global uncertainties, the Government on Tuesday (Feb 18) proposed a stabilisation and support package worth S$4 billion to help workers and businesses deal with near-term economic uncertainties. “Our foremost concern is jobs”, followed by helping ...

Budget 2020: S$1.6 billion Care and Support Package to help Singaporeans with household expenses

Tue, 02/18/2020 - 15:45
SINGAPORE: A S$1.6 billion Care and Support Package for households to help them with expenses “during this period of uncertainty” was announced by Deputy Prime Minister Heng Swee Keat on Tuesday (Feb 18). “This year, with the economic slowdown and the uncertainties of the COVID-19 outbreak, we are ...

Sport will rebound in China but coronavirus exposes flaws

Tue, 02/18/2020 - 15:44
The coronavirus exposes an ignorance of China's lucrative sports market and poor contingency planning, experts say, after Formula One became the most high-profile casualty of a mass pullout from the country.

Budget 2020: Enhanced bursaries for low- and middle-income students as part of education measures

Tue, 02/18/2020 - 15:40
SINGAPORE: The annual bursary amount for pre-university students from lower-income families will be increased from S$900 to S$1,000, part of enhancements to the Ministry of Education’s (MOE) Financial Assistance Scheme. Announcing the enhancements during his 2020 Budget speech on Tuesday (Feb 18) ...

Budget 2020: New scheme to help those with lower CPF funds to save more

Tue, 02/18/2020 - 15:40
SINGAPORE: Some lower- to middle-income Singaporeans aged 55 to 70 will get help from the Government to set aside the prevailing Basic Retirement Sum (BRS) in their CPF accounts, Deputy Prime Minister Heng Swee Keat announced in his Budget speech on Tuesday (Feb 18). The Government will match ...

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