EWL disruption enters day two as commuter woes continue; Workers eager for four-day work week but bosses not so much: Singapore live news
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As the East-West Line (EWL) train disruption stretches into its second day, commuters in Singapore face ongoing transport challenges. With services still suspended between Jurong East and Buona Vista due to a traction power fault, the situation remains fluid. The disruption began Wednesday (25 Sept) morning, stranding 850 passengers after a power fault affected multiple stations. SMRT has introduced shuttle bus services to assist affected commuters, though frustrations regarding crowd management persist. The LTA has confirmed ongoing repairs and safety checks on affected trains. With this incident following several other disruptions, questions about the reliability of Singapore's public transport system are being raised. More on the second day of SMRT's EWL disruption here.
The world’s coolest neighbourhoods for 2024 have been revealed, and Singapore’s Orchard Road has made the list, reflecting a dynamic shift from shopping hub to cultural hotspot. With exciting new venues and a creative spirit, Orchard Road is at the forefront of urban exploration. Find out the 38 coolest neighbourhoods in the world right now here.
Erling Haaland has quickly made his mark at Manchester City, reaching 100 goals in just 105 matches. His remarkable scoring rate positions him to potentially break Alan Shearer's Premier League record of 260 goals, among other milestones. Haaland’s scoring diversity and his recent cheeky antics have added depth to his character, making him not just a goal machine but also a notable figure in the rivalry with Arsenal. Here's what's next for Manchester City star Erling Haaland.
How long should great sex last? A new study suggests 35 minutes is ideal, with 15 minutes of foreplay, 15 minutes of intercourse, and 5 minutes of afterplay. Regular sex is crucial for health, and extra foreplay boosts satisfaction. Most people find nighttime, especially weekends, the best time for sex. Read on how you can transform your sex life to achieve maximum satisfaction.
In a bizarre case of deception, a 49-year-old man in Malaysia was scammed out of over $6000 (RM20,000) after falling for a sperm donation scheme. Lured by an enticing online advertisement featuring a beautiful woman, he was contacted by a woman supposedly in Singapore. He soon found himself caught in a web of false promises and fraudulent contracts. Here's how fraudsters use attractive ads to scam their victims.
Hong Kong has reclaimed its status as Asia’s leading financial hub, pushing Singapore to second place, according to the latest Global Financial Centres Index. Hong Kong's rise is attributed to a recovering stock market and new IPOs, while Singapore sees modest gains but drops in ranking. Globally, the competition among financial centres remains fierce amid geopolitical risks that are looming large. See how the global financial centres stack up here.
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Joel Balbin
Singapore falls to second in Asia in latest financial rankings
Singapore has been overtaken by Hong Kong as the leading financial centre in Asia, according to the latest Global Financial Centres Index.
Singapore now sits at fourth globally and has slipped to second in Asia due to recent economic trends and market performance.
Despite Singapore's drop in ranking, it still managed a modest increase of five points, indicating that while it remains a significant financial hub, it faces growing competition from Hong Kong.
The index highlights the importance of responsive economic policies and market conditions in determining the standings of financial centres.
Wider trends in Asia reveal that while Hong Kong is experiencing a resurgence, other cities like Shanghai and Beijing have fallen in the rankings.
The report attributes Hong Kong's rise to a recovering stock market, new public listings, and supportive government policies.
The easing of pandemic restrictions and an influx of capital have revitalised Hong Kong's financial landscape, making it more attractive to global investors.
Globally, the index reflects a competitive atmosphere, with many cities making gains while others struggle.
The report emphasises that geopolitical risks remain a significant concern for financial centres worldwide, affecting their stability and growth.
The index, compiled by Z/Yen Partners and the China Development Institute, assessed 121 financial centres based on multiple criteria, including business environment and human capital.
A recent survey by Etiqa Insurance highlights that most younger Singaporeans aspire to retire early, ideally before the age of 60.
According to the survey, 81 per cent of Singaporeans plan to retire between 50 and 70, with a significant number aiming for 60.
Most millennials (75 per cent) and Gen Z (69 per cent) feel confident about achieving their retirement goals, expecting to live on less thanS$6,000 a month.
However, many start planning for retirement only in their 30s, which may jeopardise their long-term financial security.
While younger Singaporeans are proactive about retirement, many underestimate the time and funds necessary to maintain their desired lifestyle.
Etiqa Insurance CEO Raymond Ong warns of a potential retirement gap if this trend continues.
Despite a general optimism, factors like rising living costs and inflation prompt the need for serious financial planning, starting earlier and investing wisely.
The survey also reveals that younger generations prefer conservative financial instruments for retirement savings, such as savings accounts and CPF contributions.
This cautious approach has helped them capitalise on recent high-interest rates, but experts urge a reevaluation of strategies to achieve better growth in uncertain economic times.
Notably, the survey indicates that a substantial portion of Singaporeans, particularly 25 per cent, have yet to begin planning for retirement.
Common barriers include focusing on immediate financial needs and feeling overwhelmed by the complexities of financial planning.
The report also stresses the importance of healthcare and insurance coverage in retirement planning.
With many younger Singaporeans prioritising wealth transfer for future generations, there is a risk that they might neglect their own financial security, exacerbating the retirement gap.
Recent openings such as a state-of-the-art adventure complex, pottery workshops, and an art gallery dedicated to Asian artists are reshaping its identity.
The neighbourhood's unique blend of urban living and artistic expression makes it a must-visit for both locals and tourists.
The rankings highlight the significance of community, culture, and creativity in defining what makes a neighbourhood "cool."
As cities adapt and transform, these neighbourhoods not only provide an avenue for local businesses but also offer visitors a genuine taste of urban life.
Each neighbourhood tells its own story, inviting all to discover the coolest places to be.
EWL disruption: Commuters face more delays on day two of stalled services
As the train disruption on the East-West Line (EWL) enters its second day, commuters continue to face significant challenges.
Train services between Jurong East and Buona Vista remain suspended due to a traction power fault that originated from a power trip on Wednesday (25 Sept) morning.
Additionally, free regular bus services are being offered between Boon Lay and Queenstown, and bridging buses are in operation for affected commuters.
SMRT staff are deployed to assist passengers and maintain order, but some commuters report frustrations with crowd management and long wait times.
The Land Transport Authority (LTA) said in a statement that repair works are underway, but the extent of the damage means that train services will remain suspended for an extended period.
They are conducting thorough checks on all affected trains before returning them to service.
The LTA has encouraged commuters to stay informed through social media updates.
Despite the chaos, many commuters have adapted to the situation.
Reports indicate that while the morning rush was crowded, SMRT staff worked efficiently to guide passengers to buses.
While employers see potential benefits in productivity and employee well-being, they remain cautious about implementing such changes, with only 18% planning to transition within the next two years.
The enthusiasm for a four-day work week is notably stronger among employees, with 93 per cent expressing interest in trialing this arrangement.
Countries like Malaysia, Thailand, and the Philippines report higher acceptance rates for a shorter work week, reflecting differing workplace cultures and attitudes towards employee flexibility.
Despite the interest in a four-day week, many employers in Singapore highlight the challenges of implementation, fearing operational disruptions and employee dissatisfaction.
As businesses grapple with a competitive landscape, some express worries about maintaining productivity and potential impacts on employee morale.
However, the government has clarified that flexible work options extend beyond a four-day work week, encompassing various arrangements like part-time and remote work.
17,000 Singaporean youths are not in school, work or training
Around 17,000 youths in Singapore, aged 15 to 24, are classified as NEET (Not in Education, Employment, or Training), representing 4.1% of the youth population, Senior Parliamentary Secretary Eric Chua said on Wednesday (25 Sept).
This marks an increase from 3.7 per cent in 2013, despite remaining below the global average of 22.4%, according to Chua.
Chua highlighted these figures during the inaugural Youth Outreach Conference at the National University of Singapore, emphasising the risk of social exclusion for these individuals.
The conference aimed to address the challenges facing troubled youth, particularly "hidden youth" who isolate themselves at home.
Chua emphasised that the changing landscape – characterised by excessive information and consumerism – affects today’s youth.
He pointed out the contrast with his own upbringing, where accessing information required visiting libraries, unlike the constant online comparisons youth face today.
This environment, he argued, diminishes emotional connections and face-to-face interactions.
Man duped out of $6000 by attractive woman in sperm donation scam
A 49-year-old man in Malaysia fell victim to a sperm donation scam, losing over $6,000 (RM20,000).
The scam began when man, identified only as Lee, saw an online advertisement featuring an attractive woman, which prompted him to fill out a form with his personal information.
Soon after, he was contacted via WhatsApp by a woman, who claimed to be from Singapore and suggested that the sperm donation would involve sexual intercourse.
To further entice the man, the woman, who introduced herself as Chen, sent a photo and voice messages, which were later determined to be likely stolen from a modelling agency.
Chen initially requested RM1,000 to connect Lee with her lawyer, promising a substantial payout of RM1 million if he participated in the donation.
After making the initial payment, Lee received a contract promising an upfront payment of RM300,000 within 48 hours, followed by RM700,000 upon confirmation of conception.
Despite the contract bearing the name of a reputable Malaysian law firm, Lee, who struggled with reading literacy, did not recognise it as a scam.
He ended up paying an additional RM24,000 in processing fees before becoming suspicious when the lawyer demanded another RM30,000.
Realising something was wrong, Lee sought help from Malaysian authorities, which confirmed that the law firm had no connection to the scammers and that they were likely part of a local syndicate using the names of legitimate firms to enhance their credibility.
Authorities pointed out that the woman’s voice messages had a non-local accent and sounded robotic, which should have raised red flags for the man.
A new study revealed that the optimal time for a satisfying sexual experience is around 35 minutes.
This includes 15 minutes of foreplay, 15 minutes of intercourse, and 5 minutes of afterplay.
This duration is considered ideal for achieving both physical and emotional satisfaction.
According to Chinese medicine and recent research, regular sexual activity – ideally at least once a week – is important for maintaining health and enhancing interpersonal connections.
Insufficient sexual activity is linked to negative health outcomes, including a higher risk of death for women.
This remarkable achievement came in just 105 appearances, highlighting his prolific scoring ability since joining the club in 2022.
His average of one goal every 85 minutes and impressive start to the season – with 10 goals in just five games – suggests that he is on track to shatter multiple records, including Alan Shearer’s all-time Premier League goals record of 260 goals.
Haaland's scoring prowess has made him a standout player in English football, as he has won the Golden Boot in both of his seasons with City.
He equalled Cristiano Ronaldo's record for the fewest games taken to reach 100 goals in Europe's top five leagues.
His diverse scoring includes 73 goals in the Premier League, 18 in the Champions League, and a mix of headers, penalties, and long-range strikes, making him a formidable threat on the pitch.
The next immediate target for Haaland is to break the record for the quickest player to score 100 Premier League goals, currently held by Shearer, which requires him to net 27 more goals in his next 52 games.
Additionally, he has the potential to surpass Sergio Aguero as Manchester City's all-time top scorer if he maintains his current form.
Long-term, he could aim to become Norway's all-time leading scorer, as he is only one goal away from that milestone.
Beyond his scoring records, Haaland has recently showcased a more playful side, emerging as a notable "wind-up merchant" during matches.
In the same game where he scored his 100th goal, he cheekily threw the ball at Arsenal defender Gabriel's head, drawing attention to his growing role in the rivalry between the two clubs.
James Howells, etched in the history books for accidentally discarding Bitcoin (CRYPTO: BTC), which is worth more than half a billion dollars today, took a major step in retrieving them. What Happened: In a last-ditch effort, the Wales-based software engineer filed a lawsuit against Newport City Council for roughly 495.31 million British pounds, or about $647 million, in damages for repeatedly denying his request to excavate the landfill site housing the discarded hard drive, which contains arou
Investors in French luxury group LVMH are eager for signs that China's new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leather handbags ahead of Singles Day, China's largest annual shopping spree. The global slowdown is most marked in China as economic uncertainty weighs on middle-class shoppers and makes those who can still afford luxury cautious about ostentation. LVMH shares, alongside peers Gucci-owner Kering, Hermes and Richemont, owner of Cartier, have been on a roller coaster this year.
PARIS (Reuters) -Chinese EV giant BYD on Monday slammed the EU's planned tariffs on Chinese-made EVs but said it planned to make almost all the cars it sells in Europe locally, joining a string of Chinese carmakers accelerating plans for manufacturing in the region. BYD, the second-largest producer of battery-electric cars globally after Tesla, plans to produce components in Europe and assemble battery packs at its European plants in Hungary and Turkey, importing only the battery cell from China, Executive Vice President Stella Li told Reuters in an interview at the Paris car show. It is still deciding whether to pass the cost of tariffs - 17% for BYD on top of an existing tariff of 10% - onto consumers or absorb the hit, Li said, adding she did not expect BYD to be able to sell cars in Europe for under 30,000 euros ($32,745).
As the Singapore market navigates a landscape of economic shifts and global uncertainties, dividend stocks have become a focal point for investors seeking stability and income. In this environment, identifying strong dividend-paying companies like Hour Glass and others can be appealing due to their potential to provide consistent returns amidst fluctuating market conditions.
Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses. Chinese manufacturers are attending in force, despite European Union threats to punitively tax imports of their electric vehicles in a brewing trade war with Beijing. Long-established European manufacturers are fighting back with new efforts to win consumers who have balked at high-priced EVs.
The National Labor Relations Board (NLRB) filed a complaint against Apple on Thursday, accusing the iPhone maker of improperly restricting workers’ use of Slack and other social media. The agency alleges that Apple fired an employee for advocating for workplace changes on Slack and maintained unlawful rules about acceptable uses of the platform, according to…
The bank upgraded its bull case for the fourth quarter of 2024 and first quarter of 2025 to $120 per barrel (bbl) from $80/bbl. However, "we maintain our baseline forecast for $74/bbl Brent in 4Q'24 and $65/bbl during 1Q'25, owing to weak underlying oil market fundamentals," Citi added.
Stellantis CEO Carlos Tavares on Monday declined to rule out job cuts and said keeping up with Chinese competition and staying profitable would require a huge effort, potentially including plant closures or offloading brands. "We will need to make big efforts", Tavares told French radio station RTL, adding that it was up to the conglomerate's customers to decide which brands had a future and which may be divested. Tavares also said the company's problems with the U.S. market, the main reason for its recent profit warning, should be fixed by the end of the year.
Lawyers for Sean ‘Diddy’ Combs asked a New York judge Tuesday to force prosecutors to disclose the names of his accusers in his sex trafficking case. The lawyers wrote in a letter to a Manhattan federal court judge that the hip-hop music maker needs to know the identities of his alleged victims so he can prepare adequately for trial. Last week, a May 5 trial date was set for Combs.
Microsoft Corp. has settled a lawsuit from a group of gamers who sued to try to stop the company from buying video game publisher Activision Blizzard for $69 billion last year. The lawsuit was filed in 2022 in a U.S. federal court in San Francisco on behalf of 10 individual gamers who are fans of Activision Blizzard’s Call of Duty franchise and other popular titles such as World of Warcraft, Overwatch and Diablo. The deal took nearly 22 months to close, reflecting concerns from rivals and government regulators that Microsoft could use its growing collection of games to stifle competition.
China is locking in steps to shape the pricing of the vast quantities of industrial metals it produces and consumes, with moves to attract foreign firms to trade on Shanghai's futures exchange, which would eventually fragment global markets. After buying mining assets around the world over the past two decades to secure metals needed for industrialisation and more recently to meet its carbon emissions targets, China now wants a bigger say in how prices of those metals are determined. But it has lost market share in metals futures trading and needs to persuade international investors to use the Shanghai Futures Exchange (ShFE), according to interviews with more than 10 brokers, traders, analysts, risk managers and consultants with direct knowledge of ShFE's plans.
The Supreme Court appeared sharply divided Tuesday in the case of a former commercial truck driver who was fired after a failed drug test he said was caused by a “CBD-rich medicine.”
HSBC shares have surged 17% since selling its Canadian business to RBC for C$13.5B. The deal aligns with HSBC's strategy to focus on Asia while boosting investor returns.