SINGAPORE: Interest rates in the United States could stay unchanged because inflation has not improved enough. US Federal Reserve chairman Jerome Powell said it would likely take longer than previously expected to gain the “greater confidence” needed to start cutting rates. Singapore’s interest rates are determined by global rates and foreign exchange market expectations. That means … Read more
Who’s affected, and how? One group to be impacted is CPF members who have already saved the Full Retirement Sum. Their Special Account funds and any new contributions will be channelled to their Ordinary Accounts, where they can withdraw any amount on demand. But as pointed out, they will earn lower interest rates than if … Read more
What’s next for the party? Addressing media on Wednesday, Move Forward’s leader Chaithawat Tulathon warned that the ruling could make the royal institution increasingly “a factor behind conflicts in Thai politics”. Former party leader Pita Limjaroenrat also bemoaned a “lost opportunity for us to use the parliament to find a consensus for such an important and sensitive … Read more
Politics expert James Chin of the University of Tasmania echoed similar sentiments, pointing out that it was in the interest of many Malaysians for the federal government’s handling of the matter to be divulged fully. “I think this is one of those issues which the Malaysian public want a full accounting of,” he said. “It’s … Read more
Why is this happening? Observers attributed China’s latest population decline to a wave of pandemic deaths early in 2023, after the world’s second largest economy abruptly dismantled its strict zero-COVID regime. Last year, overall deaths went up 6.6 per cent to 11.1 million, with the death rate reaching its highest level since 1974 during the Cultural … Read more
SINGAPORE: The Land Transport Authority’s (LTA) announcement that bus and train payment cards must be upgraded has roused online discussions about whether such a move was necessary. What’s going to change, and why? From Jun 1, adult EZ-Link cards and NETS FlashPay cards can no longer be used on buses and trains, LTA said on … Read more
SINGAPORE: In November, Chinese national Han Feizi was deported after serving a jail term for altercations and arguments with a security guard, a police officer and hospital employees. Han gained notoriety after TikTok videos of her arguing with the police went viral. Social media users applauded the news of her deportation, but how foreign convicts are expelled … Read more
