New Bill on critical entities will enhance economic resilience and security
As a small and open economy, Singapore’s survival will depend on its ability to adapt its strategies to tackle global changes and manage the link between economic and security interests better than its competitors, Trade and Industry Minister Gan Kim Yong said on Thursday.
He said a new Bill on regulating major investments in critical entities introduced on Monday is part of the strategy to improve the nation’s economic resilience and security.
“The Bill will strengthen our position as a trusted hub for businesses to invest with confidence in a stable, safe and secure Singapore,” he added.
SIA CEO says ticket prices remain high industrywide
It is not just Singapore Airlines but the aviation industry as a whole that has priced airfares high, as air travel continues to recover from the Covid-19 pandemic, said the national carrier’s chief executive Goh Choon Phong on Wednesday.
Asked whether prices for flight tickets have peaked, Mr Goh pointed to softening passenger yields – a proxy for airfares – as rival airlines have added more capacity.
He said SIA does not set its prices in isolation. Instead, it looks at what competitors offering similar products are doing and ensures that the price disparity is not too big.
Woman who scolded hospital staff and argued with cops deported
A woman who gained infamy after she uploaded a video of herself arguing with the police in a hospital was deported to China on Wednesday, said the Immigration and Checkpoints Authority (ICA).
She is also barred from re-entering Singapore, ICA added.
On Oct 25, Han Feizi was sentenced to five weeks and five days’ jail and fined $600, after pleading guilty to charges involving two separate incidents of using abusive language against security officers and a Singapore General Hospital (SGH) employee. The 29-year-old Chinese national also broke manpower laws for lying in her work permit application.
Police advisory on driving, drinking in Little India on Deepavali weekend
Large crowds are expected in Little India over the Deepavali weekend, police said, as they cautioned motorists to avoid the area and reminded members of the public to adhere to restrictions against late-night drinking.
In an advisory issued on Wednesday, the police said traffic on Serangoon Road will be heavy, especially on the eve of Deepavali on Nov 11.
Motorists are advised to seek alternative routes to avoid congestion on the thoroughfare and to exercise caution while driving.
18 arrested, 21 under probe over government officials impersonation scam
The police arrested 18 people and are investigating 21 others for suspected involvement in a government officials impersonation scam.
They are aged between 16 and 55.
This comes after an islandwide anti-scam enforcement operation between Oct 21 and Nov 6, the police said on Tuesday.
COE prices fall across the board following increased supply
Certificate of entitlement (COE) prices fell across all five categories at the latest tender exercise that closed on Wednesday.
The biggest drops were in the premiums for Category B, for larger, more powerful cars and electric vehicles (EVs), which tumbled by $40,000, and the Open category, which fell by nearly $33,000.
These drops came after six consecutive tender exercises that saw record-breaking premiums for both categories.
