What's News: June 9, 2016

Former RI gymnast Lee Kern Choong in action yesterday at the Singapore Open Gymnastics Championship.
Former RI gymnast Lee Kern Choong in action yesterday at the Singapore Open Gymnastics Championship.ST PHOTO: LIM SIN THAI

TOP OF THE NEWS

MAS to regulate crowdfunding

Crowdfunding platforms that take money from the public in the form of debt or equity will be regulated by the Monetary Authority of Singapore. The policy, the first of its kind, will also see MAS ease up on some conditions for platforms seeking to raise money from accredited investors, a move seen as being accommodative to such investment tools' popularity. 


TOP OF THE NEWS

Beijing's overture to Duterte

China has formally urged the Philippines to resolve their South China Sea dispute through bilateral negotiations, in what analysts describe as a friendly overture to Philippine President-elect Rodrigo Duterte to repair bilateral ties. But this comes even as Beijing continues to step up construction of facilities in the South China Sea.



PHOTO: BLOOMBERG

WORLD

Clinton seeks to unite party

Mrs Hillary Clinton got straight to work trying to unite the Democrats against Republican presumptive nominee Donald Trump, after securing her place in history as the first woman presidential candidate of a major political party in the country. But analysts say this would prove difficult if Vermont Senator Bernie Sanders (photo) does not graciously bow out of the race.


SPORT

Trying to help CCA bounce back

Hwa Chong Institution students Victoria Lee, Julian Koh, Kwang Hao Yang and Cathy Chen were fighting for more than just trampoline honours at the Singapore Open Gymnastics Championship yesterday. They took part to try and ensure the survival of their co-curricular activity, after being told the team might be disbanded next year due to a lack of participants.


WORLD

Modi keen on climate deal

The world's fourth-largest polluter, India, says it hopes to join the Paris climate change deal by year end. Prime Minister Narendra Modi did not set out a firm commitment, but the announcement was still hailed as an important development. 


OPINION

Towards an inclusive S'pore

A recent survey showing that many parents are uncomfortable with their children sitting next to a child with special needs in class, points to the need for mindsets to change.

To become a truly inclusive society, Singapore has to take steps - urgently - to help citizens get over their discomfort with those who are different, says Theresa Tan. 


HOME

Over $4m lost in phone scams

A recent phone scam involves callers impersonating overseas officials who tell victims that shipments of illegal goods have been made in their names. Victims are asked to transfer money to resolve the problem. Police said more than $4 million has been lost by victims of such phone scams since March. 


HOME

Man in crash faces hefty bill

A jobless motorist whose Golf GTI collided with a Porsche faces a hefty repair bill for the supercar after a judge found him to be 80 per cent responsible for the accident. Justin Chia was also ticked off by the judge for trying to call a witness after final submissions in the case had been made. 


BUSINESS

NOL 'didn't adapt fast enough'

Shipping line Neptune Orient Lines (NOL) did not adapt fast enough to changing market conditions, the company's chief executive officer Ng Yat Chung admitted.

It also did not have the scale to compete effectively, which led to the decision to sell the company to France's CMA CGM, he added. 



ST PHOTO: TAMARA CRAIU

LIFE

S'pore artist's G-Shock project

Singaporean Jahan Loh (photo) has had his art featured in toy, apparel and footwear collaborations with international brands such as Vans, Sony and Nike. His latest project is with Japanese watch brand G-Shock - he has created an art exhibition at its flagship store in Shanghai this month.


LIFE

S'pore authors in Chennai

Eight Tamil authors from Singapore, including Cultural Medallion recipient J.M. Sali, and Singapore Literature Prize winner K. Kanagalatha, are attending this month's Chennai Book Fair, India's second-largest consumer book fair. They will meet fair visitors and take part in panel discussions as part of an effort to raise the profile of Singapore Tamil writers.

A version of this article appeared in the print edition of The Straits Times on June 09, 2016, with the headline 'What's News'. Print Edition | Subscribe