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Asian stock markets and gold sank while the US dollar surged after the United States Federal Reserve lifted interest rates for the second time in a decade.
The move itself was widely expected, but markets were spooked by the Fed's signalling of a faster pace of rate hikes ahead - as many as three hikes next year, when in September it had flagged only two.
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It is now more expensive to park at 22 popular Housing Board-managed carparks across the island during peak hours. The increase is on top of a nationwide hike in rates at public carparks that began on Dec 1. At six HDB carparks in Rochor and Duxton, parking will now cost $1.40 for 30 minutes, instead of $1 previously.
Hong Kong's former security chief Regina Ip said yesterday she wants to "win back" Hong Kong as she officially announced her bid to join the city's chief executive race.
Mrs Ip is the second person after retired judge Woo Kwok Hing to officially throw her hat into the ring after Mr Leung Chun Ying announced that he would not seek a second term.
Japan finally passed a law yesterday to allow casinos in the country after much political wrangling. Although the integrated resorts there will begin operating only in 2022 at the earliest, Singapore needs to brace itself for the competition, analysts said.
The drama in Seoul's presidential palace is but one example of the troubles plaguing Asian women leaders. The greatest tragedy though may involve the iconic Aung San Suu Kyi and her failure to address the Rohingya crisis, writes associate editor Ravi Velloor.
The Optometrists and Opticians Board, a governing body in the Ministry of Health, has introduced new guidelines for online sales of prescription glasses. To get a prescription to buy online, one has to be aged 16 and above, with myopia of below 600 degrees and astigmatism below 200 degrees.
The chief executive officer of law firm Drew & Napier, Senior Counsel Davinder Singh, has been appointed chairman of the Singapore International Arbitration Centre's board of directors. Singapore is seen as a top arbitration venue.
Demand for new private homes here stayed healthy last month as developers sold 860 units, according to data released by the Urban Redevelopment Authority yesterday. This is a drop of 31.4 per cent from October, which saw sales hitting a 15-month high, but is still a jump of 13.3 per cent compared with the same month last year.
Nerf gun fan Ian Izree Hairul Nazwa, 13, knows all about the trajectory of foam bullets. His knowledge of shooting helped him win bronze and silver at the Dec 8-12 Asean Modern Pentathlon Championship in Thailand in the individual youth category and the youth team category respectively. His father Hairul Nazwa Dol won silver in the senior men's team competition.
A bittersweet film about organ donation by a Singaporean film student has won a prize in China's first national-level awards for short films. Written and directed by Mr Alvin Lee, 25, who is studying directing at the Beijing Film Academy, Seed beat 10,000 other submissions to win him the Best New Director Award.