What's News: September 23, 2015

TOP OF THE NEWS

More investment safeguards

Investors will get more safeguards when putting money into non-conventional investments, after moves to tighten regulation on this front. The Monetary Authority of Singapore (MAS) will regulate investments linked to gold and other physical assets such as real estate. Those looking to market such collective investments will have to register with MAS first.

TOP OF THE NEWS

Haze crisis: 4 firms named

The Indonesian government yesterday named and shamed four companies for causing forest fires, ordering them to stop operations in a significant, albeit belated, step towards combating the haze crisis. The move came as air quality in Kalimantan plunged to hazardous levels.


Syrian migrant Salam Ali, 21, and his family face tough times in Frankfurt. PHOTO: MARILYN GERLACH

WORLD

Migrants struggle to adapt

They went to great lengths to flee war and poverty in Syria and finally set foot in Germany, only to face great difficulties in adapting to life there. It has been 16 months since Mr Salam Ali and his family's arrival in Frankfurt, but they have yet to find a roof over their heads, he told The Straits Times.

WORLD

Drag on China's auto market

Vehicles continued to choke the traffic in major Chinese cities yesterday, though the country was celebrating World Car-Free Day. China's auto market, which has been booming for years, may finally cool down in the face of the flagging economy and tighter restrictions on car ownership.

OPINION

Questioning democracy

There has been a flowering of democracy in Asia in the past two decades, yet people in many of these countries are beginning to question the legitimacy of the one-person, one-vote political system. Media analyst Kalinga Seneviratne explores why.

HOME

HMV to close Marina Sq outlet

The last HMV outlet here, in Marina Square, will close by the end of the month, and a new store is planned at a yet-to-be-found location. The music retailer has downsized floor space twice since it opened here in 1997. Observers say CD stores will find it hard to survive due to online music sales' rise as well as piracy.

HOME

Defendants' assets frozen

Three women being sued by Keppel Club over alleged fraud have had their assets of about $19 million frozen by the High Court. The club is also suing two firms in the case, involving membership transfers, in which about $37.3 million was said to have been lost.

BUSINESS

Healthcare city in Iskandar

Real estate and architecture firm Rowsley plans to convert its Iskandar Malaysia township project Vantage Bay into a healthcare city. The Vantage Bay Healthcare City will be a RM5 billion (S$1.65 billion) development that will include a specialist and a community hospital, a medical institute, a wellness resort, serviced apartments for medical tourists and a wellness-themed mall.


Amirudin Jamal, Lee Cheng Wei, Gary Yeo and Calvin Kang won SEA Games silver. Amirudin, Lee, Yeo and reserve Elfi Mustapa have retired. PHOTO: BERITA HARIAN

SPORT

Passing of baton for 4x100m relay team

With two-thirds of the 4x100m relay team decimated, national sprint and hurdles coach Luis Cunha aims to form a squad of 10 runners and wants to hold his first centralised training by mid-October. Only Calvin Kang and reserve Naqib Asmin remain after four retirements following Singapore's fourth straight SEA Games silver medal in June.

SPORT

Japan seeking another upset

Japan coach Eddie Jones fancies his side to create another upset in the Rugby World Cup today if they can begin strongly against Scotland, who are playing their opener.

While it will be an even tougher task than the one they faced when toppling twice champions South Africa, having had only a four-day break, the Australian knows his super-fit team have a good shot.

LIFE

No third party in split: Choi

Pop star Charlene Choi said there was no third party in her romance with actor William Chan as she broke her silence over their split, which they announced on Weibo on Sunday. Chan was rumoured to have moved on to Chinese actress Zhao Liying, but Choi also denied that.

A version of this article appeared in the print edition of The Straits Times on September 23, 2015, with the headline 'What's News: September 23, 2015'. Print Edition | Subscribe