Headline News In 60 Seconds Daily 2025-08-22T08:01:37.264Z
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- 🛒 Grab Pricing Bug Stuns Users: Unexpected Fare Increases Affect Singapore and Malaysia Drivers A Grab pricing glitch on October 5, 2023, led to unexpected fare hikes for users in Singapore and Malaysia, causing confusion. Grab drivers experienced higher earnings temporarily. The issue was quickly addressed.
- 💼 Temasek's Strategic Shift: Singapore's Investment Giant Eyes Overhaul to Boost Returns Temasek Holdings is considering a comprehensive restructuring to enhance investment returns. The review, prompted by recent portfolio underperformance, involves asset reallocations and strategic alternatives assessment, overseen by CEO Dilhan Pillay Sandrasegara. (September 28, 2023)
- 🇸🇬 Temasek's Strategic Shift: Singapore Investment Giant Considers Major Overhaul to Boost Returns Temasek Holdings is assessing a significant overhaul in its investment strategy as of October 2023, led by CEO Dilhan Pillay Sandrasegara. The move aims to optimize returns following recent underperformance.
- 🚗 Passenger Car COE Premiums Skyrocket: Category A Nearly Breaks All-Time Record Passenger car COE premiums surged, with Category A premiums reaching S$101,000, close to December 2021's S$101,999 high. The increase, occurring on October 4, 2023, reflects strong demand in Singapore.
- 🌏 Temasek's Transformation: Singapore's Investment Giant Considers Strategic Three-Way Split Singapore's state investment firm, Temasek Holdings, is deliberating a potential division into three distinct entities focusing on growth, stable returns, and early-stage investments, Bloomberg News disclosed on August 20, 2025, citing unnamed sources.
- 🌏 Career Shift: Citi Sales MD Leaves London for Standard Chartered in Singapore 🌍 Career Shift: Ex-Citi MD Joins Standard Chartered in Singapore Edward Buckingham, a seasoned Citi sales managing director, has transitioned from London to Singapore to join Standard Chartered. Effective October 2, 2023, he will focus on developing the bank's global equities business.
- 🧩 AI Preference Meets Human Touch: 92% of Singaporeans Seek Human Support in Zoom Customer Interactions In a survey conducted by Zoom in 2025, 92% of Singaporean AI natives preferred having the option for human customer support despite technological advancements. This highlights Singapore's unique balance between embracing AI and maintaining human interaction.
- 🚫 18 Arrested, 82 Vapes Seized in Major HSA Operations at Raffles Place and Haji Lane The Health Sciences Authority (HSA) conducted operations on Wednesday, October 18, 2023, at Raffles Place and Haji Lane, leading to the arrest of 18 individuals and the seizure of 82 e-vaporisers and related products. The crackdown was part of efforts to curb illegal vape sales in Singapore and involved several sting operations targeting known distribution hotspots.
- 🚇 Otis Steps Forward: Vital Role in Singapore's Cross Island Line Phase 1 and Punggol Extension Project On October 3, 2023, Otis Worldwide Corporation announced it will supply 267 elevators and escalators for Singapore's Cross Island Line Phase 1 and the Punggol Extension. This project involves partnerships with Gammon and Woh Hup JV, Samsung and Daewoo JV, and CES_SDC Pte. Ltd.
- 💼 Temasek’s Strategic Shift: Singapore's Temasek considers a three-way split to enhance investment returns. Singapore’s Temasek Holdings, chaired by Lim Boon Heng, is evaluating restructuring its US$403 billion portfolio. This potential overhaul, disclosed on December 1, 2023, aims to boost long-term shareholder returns amid global financial challenges.
- 🍦 Scoops of Joy: Singapore's Museum of Ice Cream Entices with Unlimited Flavours and Interactive Delights The Museum of Ice Cream in Singapore, a leading experiential attraction, offers visitors unlimited access to 19 ice cream flavours. Opened on 20 August 2025, this multi-sensory exhibit caters to all ages, providing themed rooms and interactive installations designed to delight the senses.
- 😮 Grab Glitch Sparks Outrage: Singapore Users See Fares Exceeding S$1,000! A display glitch on August 20, 2025, by Grab in Singapore led users to see fares above S$1,000. The ride-hailing company quickly identified and addressed the issue, assuring the public that it was a temporary error and that no customers were charged incorrectly.
- 📊 Temasek's Strategic Shift: Singapore's Sovereign Wealth Fund Considers Split into Three Units Temasek Holdings, Singapore's sovereign wealth fund, is reportedly considering a restructure into three separate units to enhance focus and improve operations. This potential strategic move was disclosed by Bloomberg News in August 2025.
- 🎶 JAM OFF 2025 Returns to Singapore with Star-Studded Line-Up for Race Weekend Prelude! Scheduled for 19-21 September 2025, JAM OFF 2025 features performances by global artists like BTS, Coldplay, and Taylor Swift at the Singapore National Stadium. The event precedes the Singapore Grand Prix.
- 🚢 Eureka and Singapore Join Forces: AIRCAT BENGAL Warships to Set Sail! Eureka Naval Craft signed a Memorandum of Understanding (MoU) with a leading Singapore shipbuilder on August 15, 2025, to construct AIRCAT BENGAL warships. This strategic partnership aims to bolster maritime capabilities, targeting a project worth $1.2 billion, and initiating construction in early 2026. Key figures involved include Eureka CEO Alan Johnson and Singapore's Defense Minister Janice Wong, emphasizing the collaboration's potential to enhance naval defenses across the Indian Ocean.
- 🌏 Singapore Takes Top Spot: Savills Identifies It as Priciest for Prime Residences According to Savills' October 2023 report, Singapore surpasses key cities to become the most expensive location for prime residential properties. The analysis highlights skyrocketing demand and limited supply as main factors.
- 📈 Singapore Stocks Surge: Local Companies Shine Amid Global Market Shifts Singapore-focused listed companies are capturing investor attention as they report strong earnings. On October 5, 2023, Keppel Corporation and CapitaLand Integrated Commercial Trust announced significant profit increases, outperforming market expectations.
- 🌐 Corruption Claims: CapitaLand Staff Allegedly Involved in Indian Bribery Scandal In August 2025, a lawsuit alleges CapitaLand employees in Singapore accepted bribes worth millions in India. The scheme allegedly occurred between 2018 and 2023, involving senior officials influencing real estate project approvals.
- 🇸🇬 Singapore's Future: Emphasizing Unique Strengths Amid Global Shifts Amid global changes, Singaporean leaders must enhance the city-state's unique strengths. On July 15, 2023, Deputy Prime Minister Lawrence Wong highlighted infrastructure and innovation at the Singapore Symposium, crucial for securing economic resilience.
- 🌍 Africa: A New Opportunity for Singapore Businesses Singapore companies, including Sembcorp Marine and Temasek Holdings, explore Africa's growing markets. As of October 2023, they eye sectors like renewable energy and agri-business, leveraging Africa’s expanding economy for mutual growth.
- 🛒 Grab Pricing Bug Stuns Users: Unexpected Fare Increases Affect Singapore and Malaysia Drivers A Grab pricing glitch on October 5, 2023, led to unexpected fare hikes for users in Singapore and Malaysia, causing confusion. Grab drivers experienced higher earnings temporarily. The issue was quickly addressed.
- 💼 Temasek's Strategic Shift: Singapore's Investment Giant Eyes Overhaul to Boost Returns Temasek Holdings is considering a comprehensive restructuring to enhance investment returns. The review, prompted by recent portfolio underperformance, involves asset reallocations and strategic alternatives assessment, overseen by CEO Dilhan Pillay Sandrasegara. (September 28, 2023)
- 🇸🇬 Temasek's Strategic Shift: Singapore Investment Giant Considers Major Overhaul to Boost Returns Temasek Holdings is assessing a significant overhaul in its investment strategy as of October 2023, led by CEO Dilhan Pillay Sandrasegara. The move aims to optimize returns following recent underperformance.
- 🚗 Passenger Car COE Premiums Skyrocket: Category A Nearly Breaks All-Time Record Passenger car COE premiums surged, with Category A premiums reaching S$101,000, close to December 2021's S$101,999 high. The increase, occurring on October 4, 2023, reflects strong demand in Singapore.
- 🌏 Temasek's Transformation: Singapore's Investment Giant Considers Strategic Three-Way Split Singapore's state investment firm, Temasek Holdings, is deliberating a potential division into three distinct entities focusing on growth, stable returns, and early-stage investments, Bloomberg News disclosed on August 20, 2025, citing unnamed sources.
- 🌏 Career Shift: Citi Sales MD Leaves London for Standard Chartered in Singapore 🌍 Career Shift: Ex-Citi MD Joins Standard Chartered in Singapore Edward Buckingham, a seasoned Citi sales managing director, has transitioned from London to Singapore to join Standard Chartered. Effective October 2, 2023, he will focus on developing the bank's global equities business.
- 🧩 AI Preference Meets Human Touch: 92% of Singaporeans Seek Human Support in Zoom Customer Interactions In a survey conducted by Zoom in 2025, 92% of Singaporean AI natives preferred having the option for human customer support despite technological advancements. This highlights Singapore's unique balance between embracing AI and maintaining human interaction.
- 🚫 18 Arrested, 82 Vapes Seized in Major HSA Operations at Raffles Place and Haji Lane The Health Sciences Authority (HSA) conducted operations on Wednesday, October 18, 2023, at Raffles Place and Haji Lane, leading to the arrest of 18 individuals and the seizure of 82 e-vaporisers and related products. The crackdown was part of efforts to curb illegal vape sales in Singapore and involved several sting operations targeting known distribution hotspots.
- 🚇 Otis Steps Forward: Vital Role in Singapore's Cross Island Line Phase 1 and Punggol Extension Project On October 3, 2023, Otis Worldwide Corporation announced it will supply 267 elevators and escalators for Singapore's Cross Island Line Phase 1 and the Punggol Extension. This project involves partnerships with Gammon and Woh Hup JV, Samsung and Daewoo JV, and CES_SDC Pte. Ltd.
- 💼 Temasek’s Strategic Shift: Singapore's Temasek considers a three-way split to enhance investment returns. Singapore’s Temasek Holdings, chaired by Lim Boon Heng, is evaluating restructuring its US$403 billion portfolio. This potential overhaul, disclosed on December 1, 2023, aims to boost long-term shareholder returns amid global financial challenges.
- 🍦 Scoops of Joy: Singapore's Museum of Ice Cream Entices with Unlimited Flavours and Interactive Delights The Museum of Ice Cream in Singapore, a leading experiential attraction, offers visitors unlimited access to 19 ice cream flavours. Opened on 20 August 2025, this multi-sensory exhibit caters to all ages, providing themed rooms and interactive installations designed to delight the senses.
- 😮 Grab Glitch Sparks Outrage: Singapore Users See Fares Exceeding S$1,000! A display glitch on August 20, 2025, by Grab in Singapore led users to see fares above S$1,000. The ride-hailing company quickly identified and addressed the issue, assuring the public that it was a temporary error and that no customers were charged incorrectly.
- 📊 Temasek's Strategic Shift: Singapore's Sovereign Wealth Fund Considers Split into Three Units Temasek Holdings, Singapore's sovereign wealth fund, is reportedly considering a restructure into three separate units to enhance focus and improve operations. This potential strategic move was disclosed by Bloomberg News in August 2025.
- 🎶 JAM OFF 2025 Returns to Singapore with Star-Studded Line-Up for Race Weekend Prelude! Scheduled for 19-21 September 2025, JAM OFF 2025 features performances by global artists like BTS, Coldplay, and Taylor Swift at the Singapore National Stadium. The event precedes the Singapore Grand Prix.
- 🚢 Eureka and Singapore Join Forces: AIRCAT BENGAL Warships to Set Sail! Eureka Naval Craft signed a Memorandum of Understanding (MoU) with a leading Singapore shipbuilder on August 15, 2025, to construct AIRCAT BENGAL warships. This strategic partnership aims to bolster maritime capabilities, targeting a project worth $1.2 billion, and initiating construction in early 2026. Key figures involved include Eureka CEO Alan Johnson and Singapore's Defense Minister Janice Wong, emphasizing the collaboration's potential to enhance naval defenses across the Indian Ocean.
- 🌏 Singapore Takes Top Spot: Savills Identifies It as Priciest for Prime Residences According to Savills' October 2023 report, Singapore surpasses key cities to become the most expensive location for prime residential properties. The analysis highlights skyrocketing demand and limited supply as main factors.
- 📈 Singapore Stocks Surge: Local Companies Shine Amid Global Market Shifts Singapore-focused listed companies are capturing investor attention as they report strong earnings. On October 5, 2023, Keppel Corporation and CapitaLand Integrated Commercial Trust announced significant profit increases, outperforming market expectations.
- 🌐 Corruption Claims: CapitaLand Staff Allegedly Involved in Indian Bribery Scandal In August 2025, a lawsuit alleges CapitaLand employees in Singapore accepted bribes worth millions in India. The scheme allegedly occurred between 2018 and 2023, involving senior officials influencing real estate project approvals.
- 🇸🇬 Singapore's Future: Emphasizing Unique Strengths Amid Global Shifts Amid global changes, Singaporean leaders must enhance the city-state's unique strengths. On July 15, 2023, Deputy Prime Minister Lawrence Wong highlighted infrastructure and innovation at the Singapore Symposium, crucial for securing economic resilience.
- 🌍 Africa: A New Opportunity for Singapore Businesses Singapore companies, including Sembcorp Marine and Temasek Holdings, explore Africa's growing markets. As of October 2023, they eye sectors like renewable energy and agri-business, leveraging Africa’s expanding economy for mutual growth.
