Headline News In 60 Seconds Daily 2024-12-24T08:01:13.171Z
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- 📉 Singapore Inflation Hits Lows: November core inflation drops to 1.9% y/y, marking the lowest in nearly three years. As reported by Reuters on December 23, 2024, Singapore's Ministry of Trade and Industry announced a significant decrease in core inflation to 1.9% year-on-year in November. This marks the lowest rate since early 2022, influenced by reduced private transport and accommodation costs. The Monetary Authority of Singapore remains cautious, monitoring potential economic fluctuations.
- 🏛️ NUS Introduces Tour Bookings: Amid Rising Visitor Counts National University of Singapore (NUS) announced on September 30, 2023, that prior bookings will be mandatory for campus tours due to an unexpected surge in visitor numbers on recent weekends.
- 🌏 Singapore's Inflation Eases: Core inflation in Singapore declined to 1.9% in November, according to the Monetary Authority of Singapore and the Ministry of Trade and Industry announced on December 23, 2022. Core inflation excludes volatile items like private transport and accommodation costs.
- 🌳 Singapore Land Sale Transparency: MinLaw mandates disclosure of buyer identities and citizenship for all good class bungalow transactions to enhance accountability and transparency in the property sector. Singapore's Ministry of Law (MinLaw), on October 13, 2023, announced mandatory disclosure of identities and citizenship status of buyers for all landed home sales involving good class bungalows. This measure aims to bolster transparency and accountability in the real estate sector, enhancing confidence among stakeholders and aligning practices with international standards.
- 🌆 **Luxury Property Insights in Singapore: Unpacking What MinLaw Didn't Address in POFMA** On 23 December 2024, The Online Citizen highlighted gaps in Singapore’s Ministry of Law's (MinLaw) approach to misinformation about its luxury property market. Concerns include undisclosed foreign buyer activity and potential money laundering risks.
- 🚖 New Ride-Hailing Ventures Hit Singapore: Increased Competition as Two Operators Enter Market in 2025 In 2025, Korea's Socar and Indonesia's Gojek enter Singapore's ride-hailing market. The announcement was made by Singapore's Land Transport Authority on March 15, 2023, signaling increased competition and diversity for consumers.
- 🚀 Singapore Launches Digital Banking Revolution In January 2024, MAS approved digital banking licenses for Grab-Singtel and Lazada-Standard Chartered, marking a pivotal shift towards digitization and increased competition in Singapore’s financial services sector.
- 💱 Fintech Giant's Expansion: Grab Financial Group Unveils New Digital Banking Services in Southeast Asia In 2025, Singapore-headquartered Grab Financial Group launched its new digital banking services on March 18 across Southeast Asia, investing $500 million. The initiative, led by CEO Reuben Lai, aims to enhance financial inclusivity.
- 🏆 Singapore Shines at ACES Awards 2024: Nation's Groundbreaking Achievements Recognized on Global Stage Singapore received top honors at the ACES Awards 2024 on December 23, showcasing its leadership in corporate social responsibility, sustainable development, and innovative management practices. Key achievements included CapitaLand's green building initiatives and DBS Bank's financial inclusion programs.
- 🔍 Bloomberg Hit with Pofma Order Over Singapore Luxury Property Report Singapore's Ministry of Law issued a Pofma directive against Bloomberg on October 11, 2023, for inaccuracies in a report about transactions involving Good Class Bungalows, misrepresenting the roles of government agencies Tim Tan, Aaron Wee, and Glenn Wong.
- 🏠 Singapore Property Market Update: No End to Cooling Measures Singapore's property market faces extended cooling measures due to persistent price increases. National Development Minister Desmond Lee cited continued housing demand and rising inflation as key factors during his address on September 15, 2023.
- 🌟 Singapore Flag Controversy: Fans Criticised for 'Disrespecting' National Symbol During Football Match During the ASEAN Football match between Malaysia and Singapore on October 17, 2023, fans were accused of disrespecting the Singapore flag by drinking beer from glasses shaped like the nation's emblem. The incident took place at the Shah Alam Stadium, prompting a strong rebuke from Singaporean netizens and public figures who deemed it "totally unacceptable." Authorities have not yet identified the individuals involved, but Singapore’s Ministry of Foreign Affairs has urged respect for national symbols, emphasizing the significance of the flag in representing national pride and identity.
- 🎯 Malaysian Police Hunt: Football Hooligans Attack Singapore Fans On August 20, 2023, Malaysian police launched an investigation after a violent attack by football hooligans injured several Singapore fans during a club match in Kuala Lumpur at Stadium Bukit Jalil.
- 🐍 Singapore Family's Wild Ride: Snake Unexpectedly Clings to Car's Mirror Family in Singapore discovers a snake clinging to their car's side-view mirror while driving. The incident occurred on October 2, shocking the occupants and gaining viral attention on social media.
- 📉 Singapore Post CEO Ousted Amid Scandal On December 23, 2024, Singapore Post dismissed CEO Eric Tan and other executives following a whistleblower report revealing unethical practices. This action aims to restore integrity and reassure stakeholders.
- ✈️ Singapore Airlines Elevates Comfort: Le Labo Amenity Kits Debut in Business Class In December 2024, Singapore Airlines introduces Le Labo amenity kits in Business Class flights, replacing the previous offerings. This collaboration enhances passenger experience with luxury skincare products, reflecting the airline's commitment to high-end in-flight amenities.
- 📰 Singapore Challenges Bloomberg: Misleading Report on Bungalow Sales under Scrutiny Minister K. Shanmugam invoked Singapore's fake news law on October 21, 2023, against Bloomberg, Times Property, Command Media, and Wealth for misleading information about Good Class Bungalows, impacting market integrity.
- 🔍 Scam Alert in Singapore: Police Probe Deceptive Website Imitating Government Support Portal Singapore police are investigating a fake website posing as the government support scheme portal. On October 19, 2023, citizens were warned about this scam, urging vigilance and verifying authenticity.
- 📱 Singapore's "Always-On" Culture: Examining the Realities of Work-Life Balance In Singapore, the pervasive "always-on" culture challenges traditional work-life balance. Reports highlight how digital connectivity and demanding work expectations blur boundaries between personal and professional life, impacting mental health and well-being.
- 🎓 Govt School Students Embark on Singapore Educational Tour Fifty students from government schools in Chennai, guided by teachers and officials, embarked on a five-day educational tour to Singapore on October 15, 2023, organized by Tamil Nadu government's education department.
- 📉 Singapore Inflation Hits Lows: November core inflation drops to 1.9% y/y, marking the lowest in nearly three years. As reported by Reuters on December 23, 2024, Singapore's Ministry of Trade and Industry announced a significant decrease in core inflation to 1.9% year-on-year in November. This marks the lowest rate since early 2022, influenced by reduced private transport and accommodation costs. The Monetary Authority of Singapore remains cautious, monitoring potential economic fluctuations.
- 🏛️ NUS Introduces Tour Bookings: Amid Rising Visitor Counts National University of Singapore (NUS) announced on September 30, 2023, that prior bookings will be mandatory for campus tours due to an unexpected surge in visitor numbers on recent weekends.
- 🌏 Singapore's Inflation Eases: Core inflation in Singapore declined to 1.9% in November, according to the Monetary Authority of Singapore and the Ministry of Trade and Industry announced on December 23, 2022. Core inflation excludes volatile items like private transport and accommodation costs.
- 🌳 Singapore Land Sale Transparency: MinLaw mandates disclosure of buyer identities and citizenship for all good class bungalow transactions to enhance accountability and transparency in the property sector. Singapore's Ministry of Law (MinLaw), on October 13, 2023, announced mandatory disclosure of identities and citizenship status of buyers for all landed home sales involving good class bungalows. This measure aims to bolster transparency and accountability in the real estate sector, enhancing confidence among stakeholders and aligning practices with international standards.
- 🌆 **Luxury Property Insights in Singapore: Unpacking What MinLaw Didn't Address in POFMA** On 23 December 2024, The Online Citizen highlighted gaps in Singapore’s Ministry of Law's (MinLaw) approach to misinformation about its luxury property market. Concerns include undisclosed foreign buyer activity and potential money laundering risks.
- 🚖 New Ride-Hailing Ventures Hit Singapore: Increased Competition as Two Operators Enter Market in 2025 In 2025, Korea's Socar and Indonesia's Gojek enter Singapore's ride-hailing market. The announcement was made by Singapore's Land Transport Authority on March 15, 2023, signaling increased competition and diversity for consumers.
- 🚀 Singapore Launches Digital Banking Revolution In January 2024, MAS approved digital banking licenses for Grab-Singtel and Lazada-Standard Chartered, marking a pivotal shift towards digitization and increased competition in Singapore’s financial services sector.
- 💱 Fintech Giant's Expansion: Grab Financial Group Unveils New Digital Banking Services in Southeast Asia In 2025, Singapore-headquartered Grab Financial Group launched its new digital banking services on March 18 across Southeast Asia, investing $500 million. The initiative, led by CEO Reuben Lai, aims to enhance financial inclusivity.
- 🏆 Singapore Shines at ACES Awards 2024: Nation's Groundbreaking Achievements Recognized on Global Stage Singapore received top honors at the ACES Awards 2024 on December 23, showcasing its leadership in corporate social responsibility, sustainable development, and innovative management practices. Key achievements included CapitaLand's green building initiatives and DBS Bank's financial inclusion programs.
- 🔍 Bloomberg Hit with Pofma Order Over Singapore Luxury Property Report Singapore's Ministry of Law issued a Pofma directive against Bloomberg on October 11, 2023, for inaccuracies in a report about transactions involving Good Class Bungalows, misrepresenting the roles of government agencies Tim Tan, Aaron Wee, and Glenn Wong.
- 🏠 Singapore Property Market Update: No End to Cooling Measures Singapore's property market faces extended cooling measures due to persistent price increases. National Development Minister Desmond Lee cited continued housing demand and rising inflation as key factors during his address on September 15, 2023.
- 🌟 Singapore Flag Controversy: Fans Criticised for 'Disrespecting' National Symbol During Football Match During the ASEAN Football match between Malaysia and Singapore on October 17, 2023, fans were accused of disrespecting the Singapore flag by drinking beer from glasses shaped like the nation's emblem. The incident took place at the Shah Alam Stadium, prompting a strong rebuke from Singaporean netizens and public figures who deemed it "totally unacceptable." Authorities have not yet identified the individuals involved, but Singapore’s Ministry of Foreign Affairs has urged respect for national symbols, emphasizing the significance of the flag in representing national pride and identity.
- 🎯 Malaysian Police Hunt: Football Hooligans Attack Singapore Fans On August 20, 2023, Malaysian police launched an investigation after a violent attack by football hooligans injured several Singapore fans during a club match in Kuala Lumpur at Stadium Bukit Jalil.
- 🐍 Singapore Family's Wild Ride: Snake Unexpectedly Clings to Car's Mirror Family in Singapore discovers a snake clinging to their car's side-view mirror while driving. The incident occurred on October 2, shocking the occupants and gaining viral attention on social media.
- 📉 Singapore Post CEO Ousted Amid Scandal On December 23, 2024, Singapore Post dismissed CEO Eric Tan and other executives following a whistleblower report revealing unethical practices. This action aims to restore integrity and reassure stakeholders.
- ✈️ Singapore Airlines Elevates Comfort: Le Labo Amenity Kits Debut in Business Class In December 2024, Singapore Airlines introduces Le Labo amenity kits in Business Class flights, replacing the previous offerings. This collaboration enhances passenger experience with luxury skincare products, reflecting the airline's commitment to high-end in-flight amenities.
- 📰 Singapore Challenges Bloomberg: Misleading Report on Bungalow Sales under Scrutiny Minister K. Shanmugam invoked Singapore's fake news law on October 21, 2023, against Bloomberg, Times Property, Command Media, and Wealth for misleading information about Good Class Bungalows, impacting market integrity.
- 🔍 Scam Alert in Singapore: Police Probe Deceptive Website Imitating Government Support Portal Singapore police are investigating a fake website posing as the government support scheme portal. On October 19, 2023, citizens were warned about this scam, urging vigilance and verifying authenticity.
- 📱 Singapore's "Always-On" Culture: Examining the Realities of Work-Life Balance In Singapore, the pervasive "always-on" culture challenges traditional work-life balance. Reports highlight how digital connectivity and demanding work expectations blur boundaries between personal and professional life, impacting mental health and well-being.
- 🎓 Govt School Students Embark on Singapore Educational Tour Fifty students from government schools in Chennai, guided by teachers and officials, embarked on a five-day educational tour to Singapore on October 15, 2023, organized by Tamil Nadu government's education department.
