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Renminbi investments to be part of Singapore's official foreign reserves: MAS

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The central bank says that its move is in recognition of the steady and calibrated liberalisation of China’s financial markets, as well as the growing acceptance of RMB assets in the global portfolio of institutional investors.

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This born-in-Singapore robot could soon be your receptionist

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Nadine starts work this Saturday at the Nanyang Technological University, and could one day assist lawyers and journalists. Talking Point asks: Could she replace your job?

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Cristiano Ronaldo might visit Singapore in July

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Channel NewsAsia understands that the Portuguese winger might swing by on a private visit.

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MyRepublic turned down proposal to jointly bid for new telco licence

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SINGAPORE – Fourth telco hopeful OMGTel recently approached fibre services provider MyRepublic to propose embarking on a joint bid for the fourth telco licence, according to MyRepublic chief executive officer Malcolm Rodrigues.
However, he rejected OMGTel’s…

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Rats droppings found at Marina Bay Link Mall

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SINGAPORE – The National Environment Agency (NEA) will be taking action against the parties concerned after rat droppings were found at Marina Bay Link Mall.
The dried rat droppings were found in the false ceiling above one of the foodshops and above one…

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Hong Kong's Cathay Pacific bans shark fins

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Hong Kong – Hong Kong flag carrier Cathay Pacific said Wednesday (June 22) it will ban carrying shark fins and products on all its flights, a victory for conservationists concerned for endangered species of the predator.

The southern Chinese city is one of the world’s biggest markets for shark fin, which is viewed by many Asians as a delicacy, often served as a soup at expensive Chinese banquets.

Animal rights campaigners have been pushing Cathay for a carriage ban on shark fins for years. Other airlines including Thai Airways and Philippine Airlines banned the item in recent years.

“On the issue of shark’s fin, with immediate effect we are happy to agree to ban the carriage,” Cathay Pacific said in a statement Wednesday.

The airline confirmed to AFP that the ban extended to all shark products on both cargo and passenger flights.

In its statement, Cathay said it has not approved “any shipments” for shark fins for the past year, adding that it had rejected 15 shipment requests for shark-related products.

Marine conservationists praised Cathay on its decision, with one saying that it would make the city “proud”.

“It’s high time that Cathay took the stand. It would make Hong Kong people proud,” Hong Kong-based Aquameridien conservation foundation executive director Sharon Kwok told AFP.

“More Hong Kong businesses need to follow the lead,” said Kwok, who has been pushing for the ban for years.

Hong Kong’s government in 2013 said it would stop serving shark fin at official functions as “a good example”, following years of lobbying by conservation groups.

Environmental group WWF said 457 tonnes of shark products were imported into Hong Kong by air in 2015, a 31 percent drop from 2014.

More than 70 million sharks are killed every year, according to the WWF. Huge quantities are exported annually to Hong Kong, and most of those fins are then sent on to mainland China.

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Wednesday, June 22, 2016 – 18:40
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LRT service disrupted along Punggol line due to power fault

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SBS Transit announced the disruption on Twitter at about 6pm on Wednesday evening. Free bus services and bus bridging services are available, it added. 

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Mediacorp wins eight awards at two international competitions

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Seven wins came from the PromaxBDA Global Excellence Awards, while another was from the Society of Publishers in Asia Awards.  

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CNB issues warning on impersonator

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The Central Narcotics Bureau says someone masquerading as a CNB officer has been trying to extort money from people via WhatsApp.

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COE premiums highest this year in all categories

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SINGAPORE – Certificates of entitlement (COE) premiums have ended highest this year in the latest tender results out today (June 22).

COEs for cars up to 1600cc in category rose to $55,200 from $53,694 from the previous tender on June 8.

COEs for cars in category B that are above 1600cc rose to $57,010 from $56,000.

Goods vehicles and buses in category C saw their COE premium rise as well, from $46,434 to $48,002.

In category D of motorcycles, COE premiums were steady but up from $6,302 to $6,303.

And in the open category, COE premiums are $57,390, up from $55,100.

The Straits Times said in its report that the premiums are “now at their highest this year, driven up by the Monetary Authority of Singapore’s surprise move to relax car loan curbs as well as aggressive bidding from private-hire players such as Uber.”

spanaech@sph.com.sg

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Wednesday, June 22, 2016 – 18:34
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