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Over 1.5 million Singaporeans to receive GST Voucher cash payouts in August; Star Awards glory for Christopher Lee with four gongs: Singapore live news

Over 1.5 million Singaporeans to receive GST Voucher cash payouts in August; Star Awards glory for Christopher Lee with four gongs: Singapore live news

Yahoo07-07-2025
Singapore's GST Voucher scheme will see more than 1.5 million eligible Singaporean adults receive up to $850 cash next month while about 690,000 seniors will also receive up to $450 in MediSave top-ups in August. "A total of $1.5 billion will be disbursed under the GSTV – Cash and GSTV – MediSave schemes, as part of the permanent GST Voucher scheme this year. This is on top of the other support that Singaporeans will receive in Financial Year 2025," said Ministry of Finance (MOF) in a press note on 7 July.
Christopher Lee won four awards at the grand 30th anniversary of the Star Awards on Sunday (6 July). The Malaysian-born local star picked up Best Actor for 'Kill Sera Sera' while the second season of his variety cooking show ('Dishing with Chris Lee') earned him wins for Best Programme Host and Best Entertainment Programme. Lee was also presented a Special Achievement Award during Singapore's biggest night in local Mandarin entertainment.
Read more in our live blog below, including the latest local and international news and updates.
More than 1.5 million eligible Singaporean adults will receive up to $850 cash in August as part of the GST Voucher scheme, according to the Ministry of Finance (MOF) on 7 July.
Singaporeans aged 21 and above in 2025 with assessable incomes of up to $39,000 and living in homes with annual values of up to $21,000 will receive $850. For those whose homes have annual values of between $21,000 and $31,000, they will receive $450.
Around 690,000 seniors will also receive up to $450 in MediSave top-ups next month.
MOF said eligible recipients will automatically receive their payments from 6 August, if they have signed up for these schemes previously.
You can find out more about the process of the GST Voucher – Cash and GST Voucher – Medisave schemes, here.
The High Court has ordered an Instagram seller, who sold fake Louis Vuitton items as authentic, to pay $200,000 in damages to the luxury giant for trademark infringements.
The sum, as reported by the Straits Times, was far less than the $2.9 million in damages LV was claiming against IG seller Ng Hoe Seng.
Ng had initially used IG account 'emcase_sg' to run his operation but later shifted to 'emcrafts_sg' when LV issued a cease-and-desist letter in March 2023 following a sting operation by the French fashion house.
The company then filed a lawsuit against Ng in August 2023 after a second sting operation uncovered his continued illegal practices using counterfeit LV goods.
Justice Dedar Singh Gill, in his judgement, explained the "defendant's modus operandi when it came to promoting his products was to re-post Instagram posts and/or stories by customers who had purchased his products... ostensibly with the aim of thanking them and showing off their rave reviews."
He added that Ng had 'deployed his coterie of 'influencers' to propagate the misrepresentation about his 'authentic' products more widely to his followers and the public at large'.
More details on the case in the ST report, here.
Christopher Lee's star shone the brightest on a night of glitz and glamour at the 30th anniversary of the Star Awards (6 July).
Lee was named Best Actor at Singapore's biggest award show for local Mandarin entertainment, in recognition for his stellar work in 'Kill Sera Sera'. Additionally, the second season of Lee's variety cooking show 'Dishing with Chris Lee' earned the actor awards for Best Programme Host and Best Entertainment Programme.
Lee, who is married to actress Fann Wong, was also honoured with a Special Achievement Award. "You received this award a long time ago. You are my inspiration and motivation," Lee said in tribute to Fann during his acceptance speech. And he reserved special mention for their 10-year-old son, Zed: "I want to raise you to be a good person. Thank you for being my son."
Other major winners on the night included Jessica Hsuan, who won Best Actress for her work alongside Lee in 'Kill Sera Sera', while Chen Hanwei picked up the Best Supporting Actor ('Unforgivable') and Cynthia Koh was Best Supporting Actress ('Hope Afloat').
You can see the full list of winners for the Star Awards 2025, here.
Iconic Hong Kong actor Chow Yun Fat was in Singapore as a presenter at the Star Awards (6 July).
Channel News Asia caught up with the HK legend on the sidelines of the show, asking him a few questions about his activities in Singapore.
Chow, who is married to Singaporean Jasmine Tan, revealed to the outlet that he doesn't go to any shopping centres as he prefers to spend his time eating at hawker centres. "Singapore – what places can I go to? I just sleep and go to the markets and eat," he was quoted as saying.
The hawker centres Chow likes to visit includes Old Airport Road Food Centre, Newton Food Centre, Maxwell Food Centre and Lau Pa Sat. He also shared that he prefers eating chicken rice and his favourite is from Maxwell.
"Every hawker centre has their specialty," he said. "Sometimes I go to seven, eight hawker centres and eat a bit at every one."
The actor also spoke about his favourite Singlish catchphrases during his chat with CNA.
A 35-year-old man was killed when the van he was driving hit a tipper truck in Seletar West Link on 6 July.
The Singapore Civil Defence Force said the driver of the van was pronounced dead at the scene by one of its paramedics.
The accident occured along Seletar West Link towards Yishun Avenue 1 at about 10.05am, according to reports. Photos the fatal accident have been circulating online and show a blue tent, used by police to cover a body, at the site.
Police investigations are ongoing.
A 50-year-old Australian woman has been found guilty of using meals laced with poisonous mushrooms to murder three elderly relatives of her estranged husband, and attempting to murder a fourth victim.
Erin Patterson has been charged with the murders of her mother-in-law Gail Patterson, father-in-law Donald Patterson and Gail's sister, Heather Wilkinson, along with the attempted murder of Ian Wilkinson, who is Heather's husband.
The meal took place at Erin's home – in the state of Victoria – where she served the four victims individual servings of Beef Wellington that contained death cap mushrooms. The guests ate their meals off four large grey dinner plates, while Erin ate from a smaller, tan-coloured plate, the court heard.
Erin's estranged husband Simon Patterson was also invited to the lunch and initially accepted but later declined, it was revealed.
More explanation on the mushroom murder trial, here.
Tamil Murasu celebrated a significant milestone over the weekend as the local daily marked an incredible 90th anniversary.
President Tharman Shanmugaratnam attended the event on 6 July along with a number of MPs who all came together to salute Tamil Murasu's achievement as one of the oldest Tamil-language newspapers in the world.
Tamil Murasu is published by SPH Media and its success aligns with Singapore's deep commitment to multiculturalism, said Minister for Digital Development and Information Josephine Teo.
Acting Minister-in-Charge of Muslim Affairs Faishal Ibrahim was also at the dinner and he, in a Facebook post, congratulated the paper for 90 years of service. "I thank Tamil Murasu for continuously supporting and covering important issues close to the hearts of readers including the Indian/Muslim community such as the development of Indian/Muslim asatizah, Islamic education and part-time madrasah, mosques, and wakaf projects," he said.
US President Donald Trump has threatened to impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of BRICS group.
The organisation includes original members Brazil, Russia, India and China as well as South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.
Trump appeared to be responding to the opening remarks at the BRICS summit in Rio de Janeiro where the group continued its criticism of Trump's tariff policies as well as proposing reforms to the International Monetary Fund (IMF) and how major currencies are valued.
"Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!" Trump said in a post on Truth Social.
Trump did not specify which "Anti-American policies" he was referencing in his post.
A recent Yahoo poll asked readers to comment on data that showed there are 45,300 vacancies in Singapore paying a median monthly salary of $7,300.
Over 50% of almost 2,100 votes (2,096 votes at press time) expressed their skepticism of the claims believing the jobs were not real. However, 40% of the vote indicated their belief the $7.3k PMET jobs were real and legit.
The poll is still open and you can vote here
View this post on Instagram
A post shared by Midas Promotions (@midaspromotions)
American rock group My Chemical Romance are set to play the Singapore Indoor Stadium on 28 April next year as part of an anticipated tour of the region.
Incheon, South Korea - Paradise City Culture Park (18 April)
Bangkok, Thailand - IMPACT Challenger Hall (22 April)
Bulacan, Philippines - Philippine Arena (25 April)
Singapore - Indoor Stadium (28 April)
Kuala Lumpur, Malaysia - National Stadium Bukit Jalil (30 April)
Jakarta, Indonesia - Hammersonic Festiva (3 May)
Tickets for the Singapore concert will go on sale at 10am on 11 July (Friday) via Sistic with prices ranging between $148 and $328.
The band last played in Singapore almost 20 years ago in 2007.
Construction works for Phase 2 of the Cross Island Line (CRL) – Singapore's eighth and longest fully underground MRT line – has officially begun.
The Land Transport Authority (LTA) made the announcement on 7 July adding that Acting Minister for Transport Jeffrey Siow was on site at the future CRL Clementi station to officiate the ground-breaking ceremony.
Phase 2 of the CRL is targeted for completion by 2032 and includes six underground stations. CRL King Albert Park station and CRL Clementi station will be interchange stations which connect to the Downtown Line (DTL) and East-West Line (EWL) respectively.
The King Albert Park interchange station will stretch 50-metres deep and become Singapore's deepest station when completed, according to LTA.
More details on Phase 2 of the Cross Island Line, here.
NATO Secretary-General Mark Rutte says US President Donald Trump deserves credit for pushing the 32-nation members to spend more of their gross domestic product on defence.
Rutte's praise of Trump's commitment to NATO came in a recent interview with The New York Times where he also highlighted the dangers of the current political climate and how World War III might be sparked.
The former Dutch Prime Minister suggested that Chinese leader Xi Jinping could attempt to seize Taiwan while simultaneously urging Vladimir Putin to launch Russian attacks on NATO territory.
"Let's not be naïve about this," Rutte said. "If Xi Jinping would attack Taiwan, he would first make sure that he makes a call to his very junior partner in all of this, Vladimir Vladimirovich Putin, residing in Moscow, and telling him, 'Hey, I'm going to do this, and I need you to keep them busy in Europe by attacking NATO territory.' That is most likely the way this will progress," he said.
SG Rutte has clearly gorged on too many of the magic mushrooms beloved by the Dutch. He sees collusion between China & Russia over Taiwan, and then a Russian attack on Europe. But he's right about one thing: he should learn Russian. It might come in handy in a Siberian camp
— Dmitry Medvedev (@MedvedevRussiaE) July 5, 2025
Former Russian President Dmitry Medvedev has rejected Rutte's comments in a post on X.
A 57-year-old female passenger on SMRT bus service 190 was taken to hospital after a bottle was thrown at the vehicle on 5 July.
The incident occured in Orchard Road just before 7pm and left a hole in a window of the double-decker bus. Bloodstains were reportedly also seen near the bus door.
The injured passenger was conscious when she was taken to Raffles Hospital, said the police and the Singapore Civil Defence Force.
Investigations are ongoing.
Speaker of Parliament Seah Kian Peng has advised MPs to focus on asking questions that improve the lives of Singaporeans – and not to get caught up in a numbers game.
Seah, in an interview with the Straits Times, had noted the trend of more parliamentary questions being filed in the previous term which set new records on the number of sittings, ministerial statements delivered and other kinds of speeches. "I hope we don't get to a point where MPs are filing questions for the sake of clocking numbers – I think that is not necessary and not very productive," Seah was quoted as saying.
"Each hour spent in Parliament, if everyone turns up, is 100 man-hours... which is why we do want to make sure time is spent productively for everyone," he added.
Prime Minister Lawrence Wong intends to propose Seah's election as Speaker when Parliament reopens on 5 September.
More than 1.5 million eligible Singaporean adults will receive up to $850 cash in August as part of the GST Voucher scheme, according to the Ministry of Finance (MOF) on 7 July.
Singaporeans aged 21 and above in 2025 with assessable incomes of up to $39,000 and living in homes with annual values of up to $21,000 will receive $850. For those whose homes have annual values of between $21,000 and $31,000, they will receive $450.
Around 690,000 seniors will also receive up to $450 in MediSave top-ups next month.
MOF said eligible recipients will automatically receive their payments from 6 August, if they have signed up for these schemes previously.
You can find out more about the process of the GST Voucher – Cash and GST Voucher – Medisave schemes, here.
The High Court has ordered an Instagram seller, who sold fake Louis Vuitton items as authentic, to pay $200,000 in damages to the luxury giant for trademark infringements.
The sum, as reported by the Straits Times, was far less than the $2.9 million in damages LV was claiming against IG seller Ng Hoe Seng.
Ng had initially used IG account 'emcase_sg' to run his operation but later shifted to 'emcrafts_sg' when LV issued a cease-and-desist letter in March 2023 following a sting operation by the French fashion house.
The company then filed a lawsuit against Ng in August 2023 after a second sting operation uncovered his continued illegal practices using counterfeit LV goods.
Justice Dedar Singh Gill, in his judgement, explained the "defendant's modus operandi when it came to promoting his products was to re-post Instagram posts and/or stories by customers who had purchased his products... ostensibly with the aim of thanking them and showing off their rave reviews."
He added that Ng had 'deployed his coterie of 'influencers' to propagate the misrepresentation about his 'authentic' products more widely to his followers and the public at large'.
More details on the case in the ST report, here.
Christopher Lee's star shone the brightest on a night of glitz and glamour at the 30th anniversary of the Star Awards (6 July).
Lee was named Best Actor at Singapore's biggest award show for local Mandarin entertainment, in recognition for his stellar work in 'Kill Sera Sera'. Additionally, the second season of Lee's variety cooking show 'Dishing with Chris Lee' earned the actor awards for Best Programme Host and Best Entertainment Programme.
Lee, who is married to actress Fann Wong, was also honoured with a Special Achievement Award. "You received this award a long time ago. You are my inspiration and motivation," Lee said in tribute to Fann during his acceptance speech. And he reserved special mention for their 10-year-old son, Zed: "I want to raise you to be a good person. Thank you for being my son."
Other major winners on the night included Jessica Hsuan, who won Best Actress for her work alongside Lee in 'Kill Sera Sera', while Chen Hanwei picked up the Best Supporting Actor ('Unforgivable') and Cynthia Koh was Best Supporting Actress ('Hope Afloat').
You can see the full list of winners for the Star Awards 2025, here.
Iconic Hong Kong actor Chow Yun Fat was in Singapore as a presenter at the Star Awards (6 July).
Channel News Asia caught up with the HK legend on the sidelines of the show, asking him a few questions about his activities in Singapore.
Chow, who is married to Singaporean Jasmine Tan, revealed to the outlet that he doesn't go to any shopping centres as he prefers to spend his time eating at hawker centres. "Singapore – what places can I go to? I just sleep and go to the markets and eat," he was quoted as saying.
The hawker centres Chow likes to visit includes Old Airport Road Food Centre, Newton Food Centre, Maxwell Food Centre and Lau Pa Sat. He also shared that he prefers eating chicken rice and his favourite is from Maxwell.
"Every hawker centre has their specialty," he said. "Sometimes I go to seven, eight hawker centres and eat a bit at every one."
The actor also spoke about his favourite Singlish catchphrases during his chat with CNA.
A 35-year-old man was killed when the van he was driving hit a tipper truck in Seletar West Link on 6 July.
The Singapore Civil Defence Force said the driver of the van was pronounced dead at the scene by one of its paramedics.
The accident occured along Seletar West Link towards Yishun Avenue 1 at about 10.05am, according to reports. Photos the fatal accident have been circulating online and show a blue tent, used by police to cover a body, at the site.
Police investigations are ongoing.
A 50-year-old Australian woman has been found guilty of using meals laced with poisonous mushrooms to murder three elderly relatives of her estranged husband, and attempting to murder a fourth victim.
Erin Patterson has been charged with the murders of her mother-in-law Gail Patterson, father-in-law Donald Patterson and Gail's sister, Heather Wilkinson, along with the attempted murder of Ian Wilkinson, who is Heather's husband.
The meal took place at Erin's home – in the state of Victoria – where she served the four victims individual servings of Beef Wellington that contained death cap mushrooms. The guests ate their meals off four large grey dinner plates, while Erin ate from a smaller, tan-coloured plate, the court heard.
Erin's estranged husband Simon Patterson was also invited to the lunch and initially accepted but later declined, it was revealed.
More explanation on the mushroom murder trial, here.
Tamil Murasu celebrated a significant milestone over the weekend as the local daily marked an incredible 90th anniversary.
President Tharman Shanmugaratnam attended the event on 6 July along with a number of MPs who all came together to salute Tamil Murasu's achievement as one of the oldest Tamil-language newspapers in the world.
Tamil Murasu is published by SPH Media and its success aligns with Singapore's deep commitment to multiculturalism, said Minister for Digital Development and Information Josephine Teo.
Acting Minister-in-Charge of Muslim Affairs Faishal Ibrahim was also at the dinner and he, in a Facebook post, congratulated the paper for 90 years of service. "I thank Tamil Murasu for continuously supporting and covering important issues close to the hearts of readers including the Indian/Muslim community such as the development of Indian/Muslim asatizah, Islamic education and part-time madrasah, mosques, and wakaf projects," he said.
US President Donald Trump has threatened to impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of BRICS group.
The organisation includes original members Brazil, Russia, India and China as well as South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.
Trump appeared to be responding to the opening remarks at the BRICS summit in Rio de Janeiro where the group continued its criticism of Trump's tariff policies as well as proposing reforms to the International Monetary Fund (IMF) and how major currencies are valued.
"Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!" Trump said in a post on Truth Social.
Trump did not specify which "Anti-American policies" he was referencing in his post.
A recent Yahoo poll asked readers to comment on data that showed there are 45,300 vacancies in Singapore paying a median monthly salary of $7,300.
Over 50% of almost 2,100 votes (2,096 votes at press time) expressed their skepticism of the claims believing the jobs were not real. However, 40% of the vote indicated their belief the $7.3k PMET jobs were real and legit.
The poll is still open and you can vote here
View this post on Instagram
A post shared by Midas Promotions (@midaspromotions)
American rock group My Chemical Romance are set to play the Singapore Indoor Stadium on 28 April next year as part of an anticipated tour of the region.
Incheon, South Korea - Paradise City Culture Park (18 April)
Bangkok, Thailand - IMPACT Challenger Hall (22 April)
Bulacan, Philippines - Philippine Arena (25 April)
Singapore - Indoor Stadium (28 April)
Kuala Lumpur, Malaysia - National Stadium Bukit Jalil (30 April)
Jakarta, Indonesia - Hammersonic Festiva (3 May)
Tickets for the Singapore concert will go on sale at 10am on 11 July (Friday) via Sistic with prices ranging between $148 and $328.
The band last played in Singapore almost 20 years ago in 2007.
Construction works for Phase 2 of the Cross Island Line (CRL) – Singapore's eighth and longest fully underground MRT line – has officially begun.
The Land Transport Authority (LTA) made the announcement on 7 July adding that Acting Minister for Transport Jeffrey Siow was on site at the future CRL Clementi station to officiate the ground-breaking ceremony.
Phase 2 of the CRL is targeted for completion by 2032 and includes six underground stations. CRL King Albert Park station and CRL Clementi station will be interchange stations which connect to the Downtown Line (DTL) and East-West Line (EWL) respectively.
The King Albert Park interchange station will stretch 50-metres deep and become Singapore's deepest station when completed, according to LTA.
More details on Phase 2 of the Cross Island Line, here.
NATO Secretary-General Mark Rutte says US President Donald Trump deserves credit for pushing the 32-nation members to spend more of their gross domestic product on defence.
Rutte's praise of Trump's commitment to NATO came in a recent interview with The New York Times where he also highlighted the dangers of the current political climate and how World War III might be sparked.
The former Dutch Prime Minister suggested that Chinese leader Xi Jinping could attempt to seize Taiwan while simultaneously urging Vladimir Putin to launch Russian attacks on NATO territory.
"Let's not be naïve about this," Rutte said. "If Xi Jinping would attack Taiwan, he would first make sure that he makes a call to his very junior partner in all of this, Vladimir Vladimirovich Putin, residing in Moscow, and telling him, 'Hey, I'm going to do this, and I need you to keep them busy in Europe by attacking NATO territory.' That is most likely the way this will progress," he said.
SG Rutte has clearly gorged on too many of the magic mushrooms beloved by the Dutch. He sees collusion between China & Russia over Taiwan, and then a Russian attack on Europe. But he's right about one thing: he should learn Russian. It might come in handy in a Siberian camp
— Dmitry Medvedev (@MedvedevRussiaE) July 5, 2025
Former Russian President Dmitry Medvedev has rejected Rutte's comments in a post on X.
A 57-year-old female passenger on SMRT bus service 190 was taken to hospital after a bottle was thrown at the vehicle on 5 July.
The incident occured in Orchard Road just before 7pm and left a hole in a window of the double-decker bus. Bloodstains were reportedly also seen near the bus door.
The injured passenger was conscious when she was taken to Raffles Hospital, said the police and the Singapore Civil Defence Force.
Investigations are ongoing.
Speaker of Parliament Seah Kian Peng has advised MPs to focus on asking questions that improve the lives of Singaporeans – and not to get caught up in a numbers game.
Seah, in an interview with the Straits Times, had noted the trend of more parliamentary questions being filed in the previous term which set new records on the number of sittings, ministerial statements delivered and other kinds of speeches. "I hope we don't get to a point where MPs are filing questions for the sake of clocking numbers – I think that is not necessary and not very productive," Seah was quoted as saying.
"Each hour spent in Parliament, if everyone turns up, is 100 man-hours... which is why we do want to make sure time is spent productively for everyone," he added.
Prime Minister Lawrence Wong intends to propose Seah's election as Speaker when Parliament reopens on 5 September.
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Plans to list etomidate as illegal drug: Ong Ye Kung, China denies link to espionage group: Singapore live news
Plans to list etomidate as illegal drug: Ong Ye Kung, China denies link to espionage group: Singapore live news

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Plans to list etomidate as illegal drug: Ong Ye Kung, China denies link to espionage group: Singapore live news

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It then weakened to a severe tropical storm with maximum sustained winds of 108 kph. The Chinese embassy in Singapore has refuted claims that an espionage group accused of performing cyberattacks on Singapore's critical infrastructure was linked to China. In a Facebook post published over the weekend, the Chinese embassy said such claims were "groundless smears and accusations". "The embassy would like to reiterate that China is firmly against and cracks down all forms of cyberattacks in accordance with law. China does not encourage, support or condone hacking activities," it wrote on Saturday (19 July). Singapore's Health and Home Affairs Ministries are working to list etomidate, which is being abused via e-vaporisers, under the Misuse of Drugs Act (MDA), Health Minister Ong Ye Kung said on Sunday (20 July). This paves the way for abusers and traffickers of Kpods – vapes containing etomidate – to be treated in the same way as those who abuse or traffic drugs like nimetazepam (Erimin-5), with mandatory rehabilitation and jail time for repeat offenders. Currently, etomidate is listed under the Poisons Act. Under this law, abusers face only a fine. Sellers face possible jail time of up to two years. Ong said this will be done in the coming weeks. He added that it will be an interim measure until further changes can be made to the law to tackle the vaping scourge in Singapore. Read more about why there are plans to list etomidate under the MDA. SCDF rescues 2 workers stranded on gondola dangling outside Raffles City Tower Two workers were rescued after the gondola they were on tipped over and was suspended almost vertically outside Raffles City Tower on Monday (21 July). The Singapore Civil Defence Force (SCDF) said that it responded to the height rescue incident, between the 28th and 29th floors of the building, at about 11.20am. Both workers were assessed by a paramedic and taken to Raffles Hospital in a stable condition, SCDF added. A Raffles City Singapore spokesperson said initial checks showed that both workers did not have any injuries. The workers, who were employed by the building's contractor, were carrying out routine facade resealant works when there was a sudden change in weather at 11.20am. An immediate stop-work order was issued. But while the gondola was being retracted, it tilted to one side. Two workers were rescued after the gondola they were on tipped over and was suspended almost vertically outside Raffles City Tower on Monday (21 July). The Singapore Civil Defence Force (SCDF) said that it responded to the height rescue incident, between the 28th and 29th floors of the building, at about 11.20am. Both workers were assessed by a paramedic and taken to Raffles Hospital in a stable condition, SCDF added. A Raffles City Singapore spokesperson said initial checks showed that both workers did not have any injuries. The workers, who were employed by the building's contractor, were carrying out routine facade resealant works when there was a sudden change in weather at 11.20am. An immediate stop-work order was issued. But while the gondola was being retracted, it tilted to one side. Joint Singapore-Malaysia emergency response exercise on Tuas Second Link on Wednesday Motorists using the Tuas Second Link, take note. There will be a joint Singapore-Malaysia chemical spill emergency response exercise on Wednesday (23 July) from 5am to 2pm. In a statement, the National Environment Agency (NEA) said, "During the period of the exercise, all three lanes on the Singapore to Malaysia-bound carriageway on the Tuas Second Link will be closed to vehicular traffic. Motorists travelling towards Malaysia will be diverted to a lane on the opposite carriageway instead. Motorists should plan their journey in advance and closely follow the traffic marshals' directions on site. "Where possible, motorists are advised to avoid the Tuas Second Link when the exercise is ongoing and use the Woodlands Checkpoint during this period. Motorists are also advised to tune in to the Singapore radio stations for traffic updates." "The exercise will simulate the emergency response to a multi-vehicle collision along the Tuas Second Link involving trucks carrying chemicals. The public is advised not to be alarmed," the NEA added. Motorists using the Tuas Second Link, take note. There will be a joint Singapore-Malaysia chemical spill emergency response exercise on Wednesday (23 July) from 5am to 2pm. In a statement, the National Environment Agency (NEA) said, "During the period of the exercise, all three lanes on the Singapore to Malaysia-bound carriageway on the Tuas Second Link will be closed to vehicular traffic. Motorists travelling towards Malaysia will be diverted to a lane on the opposite carriageway instead. Motorists should plan their journey in advance and closely follow the traffic marshals' directions on site. "Where possible, motorists are advised to avoid the Tuas Second Link when the exercise is ongoing and use the Woodlands Checkpoint during this period. Motorists are also advised to tune in to the Singapore radio stations for traffic updates." "The exercise will simulate the emergency response to a multi-vehicle collision along the Tuas Second Link involving trucks carrying chemicals. The public is advised not to be alarmed," the NEA added. ComfortDelGro to discipline driver who threw relative's wheelchair out of taxi Taxi operator ComfortDelGro said it will discipline one of its drivers, after an incident involving the driver appearing to forcefully dump a passenger's wheelchair on a pavement on 18 July. Responding to media queries, a spokesperson said on Sunday (20 July) that the company has launched an investigation into the matter. The spokesperson noted the driver's actions were 'unacceptable and do not reflect the professional standards we uphold'. In an updated statement, ComfortDelGro said the incident arose from a personal dispute between the driver and two family members she was ferrying. Find out more about what happened with the ComfortDelGro taxi. Taxi operator ComfortDelGro said it will discipline one of its drivers, after an incident involving the driver appearing to forcefully dump a passenger's wheelchair on a pavement on 18 July. Responding to media queries, a spokesperson said on Sunday (20 July) that the company has launched an investigation into the matter. The spokesperson noted the driver's actions were 'unacceptable and do not reflect the professional standards we uphold'. In an updated statement, ComfortDelGro said the incident arose from a personal dispute between the driver and two family members she was ferrying. Find out more about what happened with the ComfortDelGro taxi. Typhoon Wipha causes damage, disrupt flights, before weakening to severe tropical storm Typhoon Wipha toppled trees and caused major flight disruptions Sunday (20 July) in Hong Kong and at some nearby airports in China as it moved west off the southern coast of the country. Earlier on Sunday morning, the Hong Kong Observatory issued a hurricane signal No. 10, its highest warning. Airports in Hong Kong, Shenzhen, Zhuhai and the casino hub of Macao canceled or postponed flights for most of the day, according to their websites. Hong Kong grounded at least 400 flights, affecting around 80,000 passengers, broadcaster RTHK said. Some high-speed train services were also suspended. The typhoon stayed just offshore until about 6 pm, when it made landfall in a coastal area of Taishan city in Guangdong province, China's National Meteorological Center said. It then weakened to a severe tropical storm with maximum sustained winds of 108 kph. Typhoon Wipha toppled trees and caused major flight disruptions Sunday (20 July) in Hong Kong and at some nearby airports in China as it moved west off the southern coast of the country. Earlier on Sunday morning, the Hong Kong Observatory issued a hurricane signal No. 10, its highest warning. Airports in Hong Kong, Shenzhen, Zhuhai and the casino hub of Macao canceled or postponed flights for most of the day, according to their websites. Hong Kong grounded at least 400 flights, affecting around 80,000 passengers, broadcaster RTHK said. Some high-speed train services were also suspended. The typhoon stayed just offshore until about 6 pm, when it made landfall in a coastal area of Taishan city in Guangdong province, China's National Meteorological Center said. It then weakened to a severe tropical storm with maximum sustained winds of 108 kph.

Analysis-Growth and foreign fervour for yield give Japan fiscal wiggle room
Analysis-Growth and foreign fervour for yield give Japan fiscal wiggle room

Yahoo

timean hour ago

  • Yahoo

Analysis-Growth and foreign fervour for yield give Japan fiscal wiggle room

By Rae Wee and Vidya Ranganathan SINGAPORE (Reuters) -A weekend election in Japan has made real the prospect of bigger government spending and deficits in the world's most indebted developed nation, although for now foreign investors and a growing economy could keep its bond yields from spiking sharply. Japan's upper house election on Sunday dealt a big blow to the ruling coalition and Prime Minister Shigeru Ishiba ahead of a looming tariff deadline with the United States. Investors are bracing for scenarios ranging from Ishiba continuing to run a minority government, a deal with a smaller opposition party or even his ouster, but one thing they are certain of is that Japan is heading for tax cuts and a wider fiscal deficit. Under normal circumstances, that should lead to a selloff in bonds and higher yields as investors demand to be compensated for risk to lend to a country with debt exceeding $8 trillion, or nearly 2-1/2 times the size of its economy. But while Japanese long-term bond yields have been rising, they are nowhere near levels reflecting such government profligacy. Thirty-year bonds fetch just 3%. A weak yen and a legacy of low interest rates, Japan's return to inflation, huge domestic savings and the Bank of Japan's policies have worked to anchor Japanese government bond (JGB) yields. Analysts expect some of that support for bonds will continue. "With some of the proposals at the margin, with the changed political dynamics, potentially you could see more clamour for fiscal support including consumption taxes," said Michael Wan, a senior currency analyst at MUFG. But Wan and other analysts point to Japan's economic growth and emergence from deflation in the past three years as reasons the debt burden is manageable and likely to decline in the coming years. Japan's fiscal situation isn't as dire as many think," Marcel Thieliant, Capital Economics' head of Asia Pacific, said in a note. While Japan's gross debt to GDP is the highest of any major economy, net debt is much lower, he said. "Relative to other countries, Japan is a net creditor. So you do have, in theory, a lot of funds on the sidelines, from domestic institutions who have invested abroad, which could cap any sharp and dislocation in yield spikes over the medium term," MUFG's Wan said. FOREIGN BID Its role as one of the world's biggest creditors sets Japan apart from other G7 nations with debt and rising bond yields, such as Britain and the United States. Together with pension giant GPIF and life insurance firms, the country has about $3.6 trillion dollars invested overseas, of which half is in U.S. assets. While Japan can tap into its huge pool of domestic savings if needed, for now its low yields and weakening currency are luring foreign investors, who can switch dollars or euros for yen and earn a spread on the currency swap. Swapping dollars to yen to invest in one-year JGBs, for instance, yields about 30 basis points more than the 3.9% yield on one-year U.S. Treasuries. "Global managers or index guys actually look at the developed market as a relative value play, like whichever bounces up the most," said Rong Ren Goh, a portfolio manager in the fixed income team at Eastspring Investments. "Of course it makes more sense for me to rotate out and do my asset swapping to get the best swap-adjusted return." The steepness of the Japanese government curve has helped entice bond investors. Foreigners have poured more than 15 trillion yen ($101.17 billion) into Japanese bonds so far this year. Thirty-year yields are up 80 basis points (bps) at all-time highs this year and the yield curve is at its steepest in years, with the spread between 10-year and 30-year bonds above 150 bps. Thieliant still expects the 10-year JGB yield will rise to 2% by the end of 2026 from current levels around 1.5%, but that he said is based on a hawkish monetary policy view. ($1 = 148.2600 yen) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Analysis-Growth and foreign fervour for yield give Japan fiscal wiggle room
Analysis-Growth and foreign fervour for yield give Japan fiscal wiggle room

Yahoo

time2 hours ago

  • Yahoo

Analysis-Growth and foreign fervour for yield give Japan fiscal wiggle room

By Rae Wee and Vidya Ranganathan SINGAPORE (Reuters) -A weekend election in Japan has made real the prospect of bigger government spending and deficits in the world's most indebted developed nation, although for now foreign investors and a growing economy could keep its bond yields from spiking sharply. Japan's upper house election on Sunday dealt a big blow to the ruling coalition and Prime Minister Shigeru Ishiba ahead of a looming tariff deadline with the United States. Investors are bracing for scenarios ranging from Ishiba continuing to run a minority government, a deal with a smaller opposition party or even his ouster, but one thing they are certain of is that Japan is heading for tax cuts and a wider fiscal deficit. Under normal circumstances, that should lead to a selloff in bonds and higher yields as investors demand to be compensated for risk to lend to a country with debt exceeding $8 trillion, or nearly 2-1/2 times the size of its economy. But while Japanese long-term bond yields have been rising, they are nowhere near levels reflecting such government profligacy. Thirty-year bonds fetch just 3%. A weak yen and a legacy of low interest rates, Japan's return to inflation, huge domestic savings and the Bank of Japan's policies have worked to anchor Japanese government bond (JGB) yields. Analysts expect some of that support for bonds will continue. "With some of the proposals at the margin, with the changed political dynamics, potentially you could see more clamour for fiscal support including consumption taxes," said Michael Wan, a senior currency analyst at MUFG. But Wan and other analysts point to Japan's economic growth and emergence from deflation in the past three years as reasons the debt burden is manageable and likely to decline in the coming years. Japan's fiscal situation isn't as dire as many think," Marcel Thieliant, Capital Economics' head of Asia Pacific, said in a note. While Japan's gross debt to GDP is the highest of any major economy, net debt is much lower, he said. "Relative to other countries, Japan is a net creditor. So you do have, in theory, a lot of funds on the sidelines, from domestic institutions who have invested abroad, which could cap any sharp and dislocation in yield spikes over the medium term," MUFG's Wan said. FOREIGN BID Its role as one of the world's biggest creditors sets Japan apart from other G7 nations with debt and rising bond yields, such as Britain and the United States. Together with pension giant GPIF and life insurance firms, the country has about $3.6 trillion dollars invested overseas, of which half is in U.S. assets. While Japan can tap into its huge pool of domestic savings if needed, for now its low yields and weakening currency are luring foreign investors, who can switch dollars or euros for yen and earn a spread on the currency swap. Swapping dollars to yen to invest in one-year JGBs, for instance, yields about 30 basis points more than the 3.9% yield on one-year U.S. Treasuries. "Global managers or index guys actually look at the developed market as a relative value play, like whichever bounces up the most," said Rong Ren Goh, a portfolio manager in the fixed income team at Eastspring Investments. "Of course it makes more sense for me to rotate out and do my asset swapping to get the best swap-adjusted return." The steepness of the Japanese government curve has helped entice bond investors. Foreigners have poured more than 15 trillion yen ($101.17 billion) into Japanese bonds so far this year. Thirty-year yields are up 80 basis points (bps) at all-time highs this year and the yield curve is at its steepest in years, with the spread between 10-year and 30-year bonds above 150 bps. Thieliant still expects the 10-year JGB yield will rise to 2% by the end of 2026 from current levels around 1.5%, but that he said is based on a hawkish monetary policy view. ($1 = 148.2600 yen)

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