Headline News In 60 Seconds Daily 2025-03-14T08:02:25.913Z
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- 🤝 Kwek Family Resolve: Singapore Billionaire Kwek Drops Legal Battle Against Son On March 12, 2025, Singapore's billionaire Kwek Leng Beng ended his lawsuit against his son, Sherman Kwek, CEO of City Developments Limited. The legal dispute, centered around alleged fiduciary breaches, was resolved amicably.
- 🥠 Temasek Acquires 10% Stake in Haldiram's for Rs 8,500 Crore Singapore’s Temasek Holdings is set to acquire a 10% stake in India's Haldiram's for Rs 8,500 crore, valuing the popular snack maker at Rs 85,000 crore. This significant investment builds on Haldiram's growing market presence and marks one of Temasek’s impactful investments in the Indian snack industry.
- 🎮 Gaming for Change: Singapore Youth Enterprise Uses Video Games to Address Social Issues Singapore-based enterprise, Virtually Reality, led by founder Jasmine Lau, uses video games to educate youth on social issues like climate change and mental health. Started in 2021, it collaborates with schools to engage students interactively.
- ✈️ Major Airlines Update: International carriers enact powerbank ban policy to enhance in-flight safety. Singapore Airlines, Scoot, and Thai Airways announced a ban on in-flight use of powerbanks starting October 2023. The carriers aim to prevent potential fire hazards. Passengers can still carry powerbanks in checked or carry-on luggage. This change stems from incidents where overheating powerbanks posed safety risks, prompting the airlines' proactive response to ensure passenger and crew safety throughout all flights.
- 🐍 Sunda King Cobra Safely Removed by NParks in Singapore's Jurong West The National Parks Board (NParks) successfully removed a large Sunda king cobra from a residential compound in Jurong West, Singapore, on March 12, 2025. The operation was completed without casualties.
- 🎢 March Thrills Await: Enjoy Up to 50% Off Singapore Cable Car, SkyHelix Sentosa, and More! Mount Faber and Sentosa promise family fun with the Singapore Cable Car, SkyHelix Sentosa, and Sentosa Island Bus Tour. Travel from 8:45 am to 10 pm to explore sights like Fort Siloso.
- 🍫 Singapore’s Chocolate Finance in Talks with MAS over Withdrawal Delays On March 13, 2025, Chocolate Finance, a Singapore-based financial firm, engaged with the Monetary Authority of Singapore (MAS) over withdrawal delays affecting 1,200 customers. CEO Thomas Lai assured resolutions by March 31, 2025.
- 💼 Intel Appoints Tan Lip-Bu as New CEO On October 25, 2023, Intel named Tan Lip-Bu as its new CEO. Tan, who grew up in Singapore, previously held roles at Cadence Design Systems and is known for his leadership in semiconductor technology.
- 🏗️ Construction Boom Boost: 5 Singapore Stocks Set to Skyrocket Five Singaporean companies, including Boustead Projects, Chip Eng Seng, and CSC Holdings, are poised for growth as construction activities revive. This resurgence in demand, driven by government projects, promises substantial financial gains.
- 🦁 Heritage Medallions, Merlion Blind Box: Singapore Mint Unveils SG60 Collection On October 26, 2023, the Singapore Mint introduced the SG60 commemorative collection, featuring heritage medallions and a Merlion blind box. The launch celebrates Singapore’s 60th National Day with limited edition pieces. The collection's highlight is the Merlion 1 oz 999 Fine Silver Medallion, valued at SGD 188. It is available at Singapore Mint's retail outlets and online.
- ✈️ AirAsia Suspends Ipoh-Singapore Route: Perak Unaware of Decision AirAsia announced the suspension of its Ipoh-Singapore route, effective on October 2023. Perak executive councillor Loh Sze Yee revealed that the state government was not informed beforehand.
- 🗳️ Singapore Election Controversy: Opposition Alleges Gerrymandering Singapore's Workers’ Party, led by Pritam Singh, accused the ruling People’s Action Party of gerrymandering prior to the next general election. Critics point to re-drawing electoral boundaries as favoring incumbents.
- 📈 Singapore Stock Market Revamp: Reforms Aim to Increase Public Listings by 50% Singapore Exchange (SGX) announced ambitious market reforms on October 15, 2023, targeting a 50% hike in public listings by 2025. The initiative aims to attract tech firms, guided by SGX CEO Loh Boon Chye.
- 🔌 Power Bank Clash: Singapore Air and Cathay Pacific Differ on In-Flight Usage Policy On March 13, 2025, Singapore Airlines and Cathay Pacific diverged in their policies regarding power bank usage on flights. Singapore Airlines banned their use post a minor onboard fire incident, while Cathay Pacific continues to allow them, citing adequate safety measures.
- 💼 Singapore and Vietnam Forge Stronger Finance and Digital Asset Bonds On October 10, 2023, Singapore's Deputy Prime Minister Heng Swee Keat and Vietnam's Deputy Prime Minister Le Minh Khai signed an MoU to enhance financial cooperation, especially in digital payment solutions.
- 🔥 End to Family Feud: Kwek Leng Beng drops lawsuit against son Sherman, ending CDL family feud; Haidilao to pay millions after Shanghai 'hotpot pee' incident On October 13, 2023, Kwek Leng Beng withdrew a lawsuit against his son Sherman over board appointments at City Developments Limited (CDL). Concurrently, Haidilao agreed to compensate millions for the health violations in the Shanghai "hotpot pee" incident.
- 🛂 Extradition Drama in Singapore: Indonesian fugitive businessman applies for bail amid ongoing legal proceedings. Indonesian businessman Samin Tan, facing extradition to Indonesia for corruption charges, applied for bail in a Singapore court on October 3, 2023. Tan, former owner of PT Borneo Lumbung Energi & Metal, is accused of bribery involving ex-Indonesian MP Eni Maulani Saragih. He was apprehended in Singapore under a red notice from Interpol. Tan's lawyer argued for bail citing health issues, while the prosecution insisted on detention due to flight risk. The court adjourned the decision to October 10.
- 🛠️ Hiring in Singapore: A Dual Narrative of Growth and Caution Amid Global Uncertainty Despite the global uncertainties, Singapore's hiring scene is intriguing, with a cautious approach including technological investments. Manpower Minister Tan See Leng highlights challenges on October 12, 2023, affecting economic sectors.
- 🌏 Singapore's Economic Journey: What's Next for the Nation? Experts discuss strategies for Singapore's economy post-pandemic recovery at a forum on October 5, 2023, including diversifying into green technologies and digitalization, to ensure future stability and competitiveness.
- 🔍 S$390 Million Fraud Unveiled: Singapore Prosecution Implicates Eight in US Servers Case In March 2025, Singaporean prosecutors charged eight individuals, implicating a complex fraud network involving $390 million. The accused allegedly used US servers for malicious transactions, marking a significant financial crime.
- 🤝 Kwek Family Resolve: Singapore Billionaire Kwek Drops Legal Battle Against Son On March 12, 2025, Singapore's billionaire Kwek Leng Beng ended his lawsuit against his son, Sherman Kwek, CEO of City Developments Limited. The legal dispute, centered around alleged fiduciary breaches, was resolved amicably.
- 🥠 Temasek Acquires 10% Stake in Haldiram's for Rs 8,500 Crore Singapore’s Temasek Holdings is set to acquire a 10% stake in India's Haldiram's for Rs 8,500 crore, valuing the popular snack maker at Rs 85,000 crore. This significant investment builds on Haldiram's growing market presence and marks one of Temasek’s impactful investments in the Indian snack industry.
- 🎮 Gaming for Change: Singapore Youth Enterprise Uses Video Games to Address Social Issues Singapore-based enterprise, Virtually Reality, led by founder Jasmine Lau, uses video games to educate youth on social issues like climate change and mental health. Started in 2021, it collaborates with schools to engage students interactively.
- ✈️ Major Airlines Update: International carriers enact powerbank ban policy to enhance in-flight safety. Singapore Airlines, Scoot, and Thai Airways announced a ban on in-flight use of powerbanks starting October 2023. The carriers aim to prevent potential fire hazards. Passengers can still carry powerbanks in checked or carry-on luggage. This change stems from incidents where overheating powerbanks posed safety risks, prompting the airlines' proactive response to ensure passenger and crew safety throughout all flights.
- 🐍 Sunda King Cobra Safely Removed by NParks in Singapore's Jurong West The National Parks Board (NParks) successfully removed a large Sunda king cobra from a residential compound in Jurong West, Singapore, on March 12, 2025. The operation was completed without casualties.
- 🎢 March Thrills Await: Enjoy Up to 50% Off Singapore Cable Car, SkyHelix Sentosa, and More! Mount Faber and Sentosa promise family fun with the Singapore Cable Car, SkyHelix Sentosa, and Sentosa Island Bus Tour. Travel from 8:45 am to 10 pm to explore sights like Fort Siloso.
- 🍫 Singapore’s Chocolate Finance in Talks with MAS over Withdrawal Delays On March 13, 2025, Chocolate Finance, a Singapore-based financial firm, engaged with the Monetary Authority of Singapore (MAS) over withdrawal delays affecting 1,200 customers. CEO Thomas Lai assured resolutions by March 31, 2025.
- 💼 Intel Appoints Tan Lip-Bu as New CEO On October 25, 2023, Intel named Tan Lip-Bu as its new CEO. Tan, who grew up in Singapore, previously held roles at Cadence Design Systems and is known for his leadership in semiconductor technology.
- 🏗️ Construction Boom Boost: 5 Singapore Stocks Set to Skyrocket Five Singaporean companies, including Boustead Projects, Chip Eng Seng, and CSC Holdings, are poised for growth as construction activities revive. This resurgence in demand, driven by government projects, promises substantial financial gains.
- 🦁 Heritage Medallions, Merlion Blind Box: Singapore Mint Unveils SG60 Collection On October 26, 2023, the Singapore Mint introduced the SG60 commemorative collection, featuring heritage medallions and a Merlion blind box. The launch celebrates Singapore’s 60th National Day with limited edition pieces. The collection's highlight is the Merlion 1 oz 999 Fine Silver Medallion, valued at SGD 188. It is available at Singapore Mint's retail outlets and online.
- ✈️ AirAsia Suspends Ipoh-Singapore Route: Perak Unaware of Decision AirAsia announced the suspension of its Ipoh-Singapore route, effective on October 2023. Perak executive councillor Loh Sze Yee revealed that the state government was not informed beforehand.
- 🗳️ Singapore Election Controversy: Opposition Alleges Gerrymandering Singapore's Workers’ Party, led by Pritam Singh, accused the ruling People’s Action Party of gerrymandering prior to the next general election. Critics point to re-drawing electoral boundaries as favoring incumbents.
- 📈 Singapore Stock Market Revamp: Reforms Aim to Increase Public Listings by 50% Singapore Exchange (SGX) announced ambitious market reforms on October 15, 2023, targeting a 50% hike in public listings by 2025. The initiative aims to attract tech firms, guided by SGX CEO Loh Boon Chye.
- 🔌 Power Bank Clash: Singapore Air and Cathay Pacific Differ on In-Flight Usage Policy On March 13, 2025, Singapore Airlines and Cathay Pacific diverged in their policies regarding power bank usage on flights. Singapore Airlines banned their use post a minor onboard fire incident, while Cathay Pacific continues to allow them, citing adequate safety measures.
- 💼 Singapore and Vietnam Forge Stronger Finance and Digital Asset Bonds On October 10, 2023, Singapore's Deputy Prime Minister Heng Swee Keat and Vietnam's Deputy Prime Minister Le Minh Khai signed an MoU to enhance financial cooperation, especially in digital payment solutions.
- 🔥 End to Family Feud: Kwek Leng Beng drops lawsuit against son Sherman, ending CDL family feud; Haidilao to pay millions after Shanghai 'hotpot pee' incident On October 13, 2023, Kwek Leng Beng withdrew a lawsuit against his son Sherman over board appointments at City Developments Limited (CDL). Concurrently, Haidilao agreed to compensate millions for the health violations in the Shanghai "hotpot pee" incident.
- 🛂 Extradition Drama in Singapore: Indonesian fugitive businessman applies for bail amid ongoing legal proceedings. Indonesian businessman Samin Tan, facing extradition to Indonesia for corruption charges, applied for bail in a Singapore court on October 3, 2023. Tan, former owner of PT Borneo Lumbung Energi & Metal, is accused of bribery involving ex-Indonesian MP Eni Maulani Saragih. He was apprehended in Singapore under a red notice from Interpol. Tan's lawyer argued for bail citing health issues, while the prosecution insisted on detention due to flight risk. The court adjourned the decision to October 10.
- 🛠️ Hiring in Singapore: A Dual Narrative of Growth and Caution Amid Global Uncertainty Despite the global uncertainties, Singapore's hiring scene is intriguing, with a cautious approach including technological investments. Manpower Minister Tan See Leng highlights challenges on October 12, 2023, affecting economic sectors.
- 🌏 Singapore's Economic Journey: What's Next for the Nation? Experts discuss strategies for Singapore's economy post-pandemic recovery at a forum on October 5, 2023, including diversifying into green technologies and digitalization, to ensure future stability and competitiveness.
- 🔍 S$390 Million Fraud Unveiled: Singapore Prosecution Implicates Eight in US Servers Case In March 2025, Singaporean prosecutors charged eight individuals, implicating a complex fraud network involving $390 million. The accused allegedly used US servers for malicious transactions, marking a significant financial crime.
