Man dies after tugboat sinks in Singapore waters, COE for Cat A highest so far in 2024: Singapore live news
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Cargo ships parked on the ocean area in the southern area of Singapore. (Photo: Getty Creative)
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A man has died after a tugboat, reportedly with a crew of two, sank in Singapore waters on 4 September.
The Maritime and Port Authority of Singapore (MPA) are coordinating a search and rescue operation with the Police Coast Guard (PCG) and the Singapore Civil Defence Force (SCDF) for a missing crew member from the sunken tug.
There is no oil pollution reported at the time of MPA’s press statement on Wednesday.
More on the story below.
All prices for Certificate of Entitlement (COE), which you must purchase to have the right to own and use a vehicle in Singapore, rose in the first bidding in September.
Category A, or the category for smaller and less powerful cars, saw premiums rise to $96,490 which is a new high for the category in 2024.
This is the second year in a row Saverin has led Forbes’ list and the publisher noted he added $13 billion from last year as shares of Meta continued their upward trajectory.
In total, the combined wealth of Singapore’s 50 Richest list rose from $177 billion (S$230b) last year to $195 billion (S$253b) this year.
Siblings Robert and Philip Ng of property giant Far East Organization remained second in the annual ranking with a combined fortune of $14.8 billion (S$19.2b).
According to Forbes, three people on the list, whose wealth is tied to New York-listed Sea, were boosted as the company they cofounded became profitable for the first time in 2023 since its IPO seven years ago and its shares more than doubled in the past 12 months.
This included chairman and CEO Forrest Li who moved up six places to No. 12 with $5 billion (S$6.5b), and chief operating officer Gang Ye rose to No. 16 with $3.1 billion (S$4.0b).
David Chen, chief product officer of e-commerce arm Shopee, broke back into the ranking this year at No. 50 with $870 million (S$1.1b).
The top 10 richest in Singapore are:
1) Eduardo Saverin (US$29 billion)
2) Robert & Philip Ng ($14.4 billion)
3) Li Xiting ($13.4 billion)
4) Kwek Leng Beng ($11.5 billion)
5) Goh Cheng Liang ($10.4 billion)
6) Khoo Family ($9.2 billion)
7) Wee Family ($7.8 billion)
8) Kwee Brothers ($6.8 billion)
9) Leo Koguan ($6.7 billion)
10) Zhang Yong & Shu Ping ($6.5 billion)
Marcus Chhan
At least 1 in 4 Singaporeans had a relationship break down because of money
Study found 27% had a relationship breakdown due to disagreements about money. (Photo: Getty Creative)
At least 1 in 4 Singaporeans have had a relationship fail because of arguments over money, according to a new study by MoneySmart.
The study interviewed 1,000 Singaporean adults and found that 27% had a relationship break down due to disagreements about money. The most common disagreements were around a partner spending too much (48%) followed by differences in saving habits (37%).
According to the study, Singaporean couples are finding it difficult to talk about money openly despite 81% of those surveyed believing that this would lead to a more healthy and secure relationship.
“Although sometimes tricky, improving communication around finances is entirely possible. By addressing money matters proactively and collaboratively, couples can strengthen their partnership, minimise stress, and build a more transparent and supportive financial relationship,” says relationship coach Iwa Hensarling.
Marcus Chhan
Indonesia to deport infamous Filipino fugitive Alice Guo
Guo fled from the Philippines after being accused of helping establish an illegal online gaming and scam centre that catered mostly to clients in China. (Photo: Joseph Vidal/Philippine Senate Social Media Unit via AP)
The former mayor of Bamban – a small town in Tarlac province north of Manila – has become somewhat of a media fascination in recent weeks.
She’s been accused of being a fake Filipino and a Chinese spy as well as a crime syndicate boss dealing in illegal online gambling, scam centres, money laundering and human trafficking.
Guo fled the Philippines in July and is understood to have travelled to Malaysia and Singapore, before going to Indonesia in August.
She was arrested in Indonesia this week and Jakarta's law minister confirmed plans to deport her to the Philippines.
The announcement came during Indian Prime Minister Narendra Modi's two-day visit to Singapore.
“We have set out a forward-looking agenda for the next phase of our bilateral relations. This includes closer cooperation in areas like sustainability, advanced manufacturing, digital technologies and connectivity,” Singapore PM Lawrence Wong said in a FB statement.
India and Singapore want to play a bigger role in the global chip supply chain which continues to be affected by tensions between the US and China.
It was also revealed in the post that Singapore, to date, has contributed $17 million towards humanitarian aid for Gaza.
“To the people of Singapore, I am deeply grateful for your overwhelming support to this urgent and significant cause,” the Minister added in his FB post.
Marcus Chhan
Singapore Airlines gets most trusted nod from Newsweek
A Singapore Airlines aircraft flies past the Frankfurt Arena during a match at UEFA Euro 2024. (Photo: KIRILL KUDRYAVTSEV/AFP via Getty Images)
Singapore Airlines is rated as the most trusted company in the world for Transport, Logistics & Packaging, according to a ranking of the World's Most Trustworthy Companies for 2024.
The list was produced by Newsweek and Statista and “recognises companies that have earned the confidence of consumers, investors and employees by producing quality products, paying employees fair wages and appointing effective leaders.”
For Banks, DBS Group finished second behind Indonesia’s Bank BCA. Other Singapore brands such as United Overseas Bank ranked 12th while OCBC ranked 21st in the Banks category.
COE prices for Category A highest so far in 2024 at $96,490
Traffic rushing in the street of Singapore. (Photo: Getty Creative)
The first Certificate of Entitlement (COE) bidding in September saw the premium for smaller, less powerful cars rising to $96,490 – a new high for Category A cars in 2024.
The previous peak this year for Category A prices was $94,289 recorded back in August.
“Category A is overcrowded, with many new brands and also existing brands having more cars in Cat A,” Ng Choon Wee, commercial director of Komoco Motors which represents Hyundai in Singapore, told Motorist.
A 39-year-old male crew member was rescued by the Police Coast Guard (PCG) and taken to hospital where he later died.
The MPA said it was coordinating a search and rescue operation with the PCG and the Singapore Civil Defence Force (SCDF) for the missing crew member.
It added that salvage divers had been activated to confirm the location of the sunken tug while vessels are being instructed to keep clear of the area.
There is no oil pollution reported at the time of MPA’s press statement on Wednesday.
Members of the US hip-hop group Wu-Tang Clan lit up New York Fashion Week on Sunday, closing the Tommy Hilfiger show with an electrifying performance aboard a ferry.Questlove, drummer of hip-hop group the Roots, also performed on Sunday, DJing for the Tommy Hilfiger show.
Genmoji and the upcoming image-generation tool, Image Playground, will ship with iOS 18.2, which is slated for December, according to Bloomberg's Mark Gurman.
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Following Linda Sun’s firing in 2023 and a host of charges filed against her and her husband in an indictment unsealed this month, the New York state government is grappling with having employed an alleged agent for the Chinese government – and raising questions on why it took so long to bring charges.
The mother of the teenager suspected of killing four people during a shooting at a Winder, Georgia, high school called to warn a school counselor before the attack, according to the suspect’s aunt and grandfather.
To Howard Schultz, the chaos he observed at a Starbucks in Chicago one recent morning summed up the troubles of the company he long led as chairman and CEO. Commuters tumbled off trains and into a Starbucks store to pick up the orders they had placed on their cellphones. “Everyone shows up and all of a sudden we’ve got a mosh pit,” Schultz said during a June episode of the podcast “Acquired.”
A hiker in northern Washington’s North Cascades National Park was rescued a month after he went missing in July, authorities said Saturday and according to one rescuer, it was just in time.
Pope Francis arrived in the tiny Southeast Asian nation of East Timor on Monday for the penultimate stop of the 87-year-old leader’s marathon trip through Asia and the South Pacific.
A bridge collapsed and a bus was swept away by flooding in Vietnam on Monday, raising the death toll in the Southeast Asian country to at least 64 from a typhoon and subsequent heavy rains that also damaged factories in export-focused northern industrial hubs, state media reported. Nine people died on Saturday after Typhoon Yagi made landfall in Vietnam before weakening into a tropical depression. The rest died in the floods and landslides that followed on Sunday and Monday, state media VN Express reported.
She was eight months pregnant when she was forced to leave her Denver homeless shelter. Ivanni Herrera took her 4-year-old son Dylan by the hand and led him into the chilly night, dragging a suitcase containing donated clothes and blankets she’d taken from the Microtel Inn & Suites. It was one of 10 hotels where Denver has housed more than 30,000 migrants, many of them Venezuelan, over the last two years.
