What's News: November 30, 2016

The Marina Bay Financial Centre in the Singapore Central Business District.
The Marina Bay Financial Centre in the Singapore Central Business District. ST PHOTO: KUA CHEE SIONG

TOP OF THE NEWS

Property investors, beware

Property investors should be aware that rising vacancy rates, declining rentals and impending interest rate hikes mean they may not always be able to rely on rental income to service their investment property loans, said the Monetary Authority of Singapore in its Financial Stability Review. It also warned that some firms could face debt repayment difficulties amid sluggish growth.

TOP OF THE NEWS

Syndicate suspects charged

Nine men and two women from an alleged online gambling syndicate worth millions of dollars have been charged. The syndicate allegedly had 36 properties estimated to be worth $39 million and $6.5 million in bank accounts. It received bets totalling $2 million last month.


Rescuers searching for survivors amid the plane wreckage yesterday. PHOTO: AGENCE FRANCE-PRESSE

WORLD

Colombia plane crash kills 75

A charter plane carrying a Brazilian football team has crashed in the mountains in Colombia, killing as many as 75 people. Officials said six survived, including four players. Brazil's President Michel Temer declared three days of mourning for the victims.The Chapecoense Real was heading to the Copa Sudamericana finals today against Atletico Nacional of Colombia.

WORLD

Thai Prince set to be King

Thailand's Parliament said yesterday that it will invite Crown Prince Maha Vajiralongkorn, 64, to become the next King. The announcement ends weeks of anxiety over his accession after his father's death last month. Deputy Prime Minister Prawit Wongsuwan said this could happen either today or tomorrow.

OPINION

Promising fintech formula

Singapore's fintech (financial technology) scene is hotting up, thanks to an ecosystem of strong partnerships among government agencies, financial institutions and start-ups, says Yasmine Yahya.

HOME

Telcos' password solution

Singtel, StarHub and M1 will soon be providing a service that allows consumers to log in with their mobile number instead of passwords when accessing online services. Mobile Connect may be launched as early as next year.

HOME

Military eye in the sky

A radar-equipped military blimp, which can hover 600m high and spot hostile threats 200km away, will undergo testing from today. The 55m-long tethered balloon is up at Choa Chu Kang Camp. It will complement the Singapore Armed Forces' suite of airborne and ground-based sensors.

BUSINESS

More foreigners buy homes

More foreigners bought private homes here in the first nine months of this year compared with the same period a year ago, according to a new report from property consultancy JLL.

The largest number of buyers came from China, Indonesia, Malaysia and the United States.

SPORT

Joining hands for Tokyo 2020

Rio Olympian Griselda Khng, a 49erFX helm, has a new crew - former national Under-21 netballer Olivia Chen - as the sailors bid to make it to Tokyo 2020. Khng's former partner Sara Tan is focusing on her university studies.

LIFE

Plucky actress does it again

Home-grown actress Oon Shu An is starring in her second local film with steamy scenes in two years.

After her sexy turn as a Japanese porn star in last year's Rubbers, she will be in new local anthology movie 4Love, playing an air steward's wife who has an affair with a photographer.


Michelle Chong in Lulu The Movie, about a girl from China who comes to Singapore with big dreams and an even bigger hairdo. PHOTO: HUAT FILMS

LIFE

Local comedy Lulu earns big

Local comedy Lulu The Movie earned about $650,000 in its first weekend with 29 screens, making it the third highest-grossing movie over that period, ending last Sunday. In fact, the film - written, directed and starring Michelle Chong - earned about $22,000 a screen, more than the $15,751 for Disney's animated feature Moana, which was at No. 2.

A version of this article appeared in the print edition of The Straits Times on November 30, 2016, with the headline 'What's News'. Print Edition | Subscribe