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Singaporeans to have a say in Founders’ Memorial site

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The Government has asked the committee tasked to conceptualise the memorial to consult the public on the two site options.

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Singapore’s exports up 2.1% in February, beating expectations

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Analysts had expected a 1 per cent decline, following the 10.1 per cent contraction the previous month. 

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4 arrested for fight at Boon Lay Drive

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Two men aged 23 and 34 were found hurt at Blk 191 Boon Lay Drive past midnight on Wednesday (Mar 16). 

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Selection of 9 NMPs was a 'challenge': Special Select Committee

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The Special Select Committee has nominated nine persons to the President to fill the Nominated Members of Parliament (NMP) vacancies, said a statement from the Office of the Clerk of Parliament on Thursday (March 17) evening.

They are:

1. Mr Azmoon Ahmad, 54

2. Ms Chia Yong Yong, 54

3. Mr Thomas Chua Kee Seng, 62

4. Mr Ganesh Rajaram, 49

5. Mr Kok Heng Leun, 50

6. Ms Kuik Shiao-Yin, 39

7. Assistant Professor Mahdev Mohan, 37

8. Associate Professor Randolph Tan Gee Kwang, 52

9. Ms K Thanaletchimi, 50

Submissions closed at 4.30pm on Feb 23 and a total of 41 proposal forms were received by closing time.

Each proposal form had to be signed by a proposer and a seconder and by no less than four others, whose names appear in a current register of voters.

Each applicant was also required to submit a curriculum vitae form which included an essay on the kind of contribution he or she hoped to make as an NMP and to submit written references from two referees sealed in separate envelopes to the Committee.

The Committee also decided that it would continue the practice of inviting the seven functional groups to submit names of suitable candidates for consideration.

These groups are namely: the business and industry; labour; the professions; tertiary education institutions; social service organisations; civic and people sector; and the media, arts and sports organisations.

Of the total of 41 proposal forms received, 17 names were submitted by these functional groups. The other 24 were individual applications.

Of the nine who were selected, four have served previous terms as NMPs. They are Ms Chia, Mr Chua, Ms Kuik, and Assoc Prof Tan.

The Special Select Committee said in its report: “Most of the persons proposed were of a high quality and this made the selection of nine candidates a challenge.”

President Tony Tan Keng Yam will present Instruments of Appointment to the NMPs at the Istana on March 22 and they will take their oath when Parliament next sits on March 24.

sujint@sph.com.sg

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Thursday, March 17, 2016 – 22:09
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9 new NMPs announced; to take oath on March 24
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Financial advisory firms fined almost S$1m for anti-competitive behaviour

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SINGAPORE – Ten financial advisory firms have been fined S$909,302 in total after they were found guilty by Singapore’s competition watchdog of infringing the Competition Act by forcing their competitor to withdraw an offer to halve commissions on insurance…

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Are you the happiest person in Singapore?

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Are you the happiest person in Singapore?

Do you know someone who fits the bill?

This Sunday is International Happiness Day and according to a…

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Man jailed 8 months for threatening ex-girlfriend with explicit video

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Masking his identity, the man repeatedly extorted money from his ex-girlfriend, threatening to leak a video he took of her in the shower.  

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More piracy, armed robbery cases in Asian seas last year

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March 17, 2016 9:52 PM

SINGAPORE – The number of incidents of piracy and armed robbery in the seas of Asia has increased from 187 to 200, or 7 per cent, from 2014 to 2015, according to an annual report by the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) Information Sharing Centre (ISC).



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Chinese firm seeks foreign woman to arrange clothes, make fruit salad for 'leader'

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If you’re a good-looking woman with a college degree, fluent English and an interest in arranging clothes or preparing tea and fruit salad for a Chinese machinery tycoon, Sany Heavy Industry has just the job for you.

A recruitment ad posted under the Chinese company’s name has drawn ridicule online, prompting a debate over what critics say is widespread employment discrimination in the world’s most-populous country. Sany Heavy’s high profile appears to have contributed to the outcry over the ad.

With its tall yellow cranes and its crawler-mounted excavators, China’s Sany Heavy Industry Co Ltd is one of the largest equipment manufacturers in the world, with plants in Brazil, Germany, Indonesia and the US

Its chairman, Liang Wengen, accompanied Chinese President Xi Jinping on a state visit to the UK last year. And with the company’s global footprint expanding, a posting on several online job sites in recent weeks suggests the man at the helm is looking to polish his English – with a cheerful and attractive woman.

A recruitment ad posted on Laowaicareer.com, a website catering to foreign nationals hunting for jobs in China, stated that Sany will provide a monthly salary of 11,000 to 15,000 yuan (S$2,300 to S$3,140), single-room accommodation, meals and potential bonuses to a foreign female college graduate with “good appearance and temperament” to be “the assistant to board chairman.”

The candidate would be expected to go “on business trip with leader,” “print documents and arrange schedule for the leader,” and “prepare fruit salad and make tea for the leader.”

Read the full article here.

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China Offers Afghanistan Army Expanded Military Aid

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Thursday, March 17, 2016 – 21:50
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India banks will chase liquor baron who left country owing more than $1b: Minister

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NEW DELHI – Indian banks will strive to recover “every penny” from a beleaguered liquor baron who left the country owing more than US$1 billion (S$1.35 billion), the finance minister said Thursday, as warnings sound over a mounting bad debt problem.

More than a dozen lenders are chasing Vijay Mallya, once dubbed The King of Good Times, for 90 billion rupees (S$1.8 billion) in unpaid loans, but he left the country on March 2 despite calls for his arrest.

“Every government agency, whether it’s the taxation department or the investigative agencies, wherever he has violated the law, is going to take strong action,” Finance Minister Arun Jaitley told a conference organised by India Today television channel in New Delhi.

“As far as the banks are concerned… I’ve been briefed that they are going all out to recover every penny of the last rupee that they can.” The country’s financial crimes agency has summoned Mallya to appear before investigators on March 18 in connection with a money-laundering probe.

But he has asked the Enforcement Directorate to give him until April to appear, the Press Trust of India news agency reported Thursday. A spokesman for Mallya declined to comment when contacted by AFP.

In a further blow, an auction Thursday of Kingfisher House, the former headquarters of the entrepreneur’s now-defunct Kingfisher Airlines in Mumbai, attracted no bids, PTI reported.

The businessman’s massive debt has become a symbol of Indian banks’ vast volume of bad loans – meaning in default or close to it – seen as a threat to financial stability in Asia’s third-largest economy.

Critics say the government has not done enough to tackle the issue of wealthy individuals, such as Mallya, who obtain huge loans that they later fail to repay.

Jaitley told the gathering that many bad loans were due to a slowdown in sectors such as steel, which is suffering after China flooded the market with cheap excess metal.

But the finance minister also said that lenders granting individuals large loans – sometimes in unusual circumstances – which then went awry was “the real cause of worry”.

“This has brought a huge bad name both to India’s banking and also to India’s private sector. It’s extremely dangerous for the future if we are not able to remedy this,” he said.

Mallya, who has not been charged with any crime, denies absconding and has lashed out at media who accuse him of fleeing the country.

In its budget last month Prime Minister Narendra Modi’s government announced recapitalisation measures for public sector banks, although some economists said the funds were not sufficient.

On Saturday the market regulator laid out tougher measures to tackle individuals or businesses classified as “wilful defaulters”, preventing them from raising fresh funds on capital markets or from sitting on listed company boards.

Mallya was known as the “King of Good Times” before the 2012 collapse of his Kingfisher Airlines, which left thousands of workers unemployed and millions of dollars in unpaid bills.

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Thursday, March 17, 2016 – 21:16
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