What's News: October 29, 2016

TOP OF THE NEWS

Two promotions in Cabinet

Two acting ministers, Mr Ng Chee Meng and Mr Ong Ye Kung, will be promoted to full ministers on Nov 1, as part of Prime Minister Lee Hsien Loong's ongoing succession plans.

The promotions for the men, who entered Parliament last year, are among the fastest in the Cabinet in recent years, and underscore the gathering pace of transition to the fourth-generation leadership.


TOP OF THE NEWS

Property market stays weak

The property market remains in the doldrums on most fronts, URA data showed. Rents and prices of offices and malls fell, albeit at a slower pace in the third quarter, and vacancy rates climbed to their highest levels in recent years. The most pain was felt in the private residential sector, where overall prices slid 1.5 per cent from the second quarter, while rents fell 1.2 per cent.



PHOTO: BLOOMBERG

WORLD

Filipinos can fish again at shoal

Chinese ships are no longer seen at the disputed Scarborough Shoal in the South China Sea, allowing Filipinos to fish there without fear of being chased away for the first time since 2012, in what appears to be a major victory for President Rodrigo Duterte (photo).


WORLD

Race on for Jakarta governor

The race to govern Jakarta kicked off officially yesterday with political watchers expecting a fiery contest in the run-up to the February polls. Experts say the gubernatorial election may also have a bearing on the next presidential race in 2019.


OPINION

The $44b innovation story

Each of this firm's staff is worth US$8 million, going by the US$32 billion (S$44 billion) Softbank paid for ARM, a high-tech firm few have heard of. Its story holds important lessons in innovation for Singapore, write Arnoud De Meyer and Peter Williamson.


HOME

Game over for Nonstop Games

King, the developer behind mobile mega-hit Candy Crush Saga, has closed Singapore subsidiary Nonstop Games, which it bought in 2014 for $140 million. Its more than 50 employees are now uncertain about their fate. King itself was bought by a US firm this year.


HOME

Victorious culinary team back

About 80 cheering supporters were at Changi Airport yesterday to welcome home Singapore's national culinary team. The team was returning after being crowned champions for the first time at the Culinary Olympics held in Erfurt, Germany, from Oct 21 to 26.


BUSINESS

UOB hit by bad debt charges

Rising charges for bad debts linked to the struggling oil and gas sector took their toll on United Overseas Bank in the third quarter. UOB reported yesterday that it set aside $185 million in the quarter to cover bad loans compared with $160 million a year earlier - largely owing to the oil and gas sector.


PHOTO: AGENCE FRANCEPRESSE

SPORT

Rosberg responds to criticism

Formula One world championship leader Nico Rosberg (photo), who was recently criticised by F1 power broker Bernie Ecclestone, has said: "I am here to win races, not to please everybody that's out there." Rosberg, who leads three-time world champion Lewis Hamilton by 26 points in the title race, said this before practice sessions got under way for this weekend's Mexican Grand Prix.


LIFE

Halloween fun in Singapore

More Singaporeans are taking part in Halloween, decking their homes or retail stores with spooky-looking decorations. Theme parks, clubs, restaurants, museums and even some neighbourhoods are getting involved. Many are paying for the decorations themselves. Take a look at two homes and a cat museum.


Mr Chan's new quick-service restaurant, called Hawker Chan, will be at 78, Smith Street. It will open in the middle of next month.
Mr Chan's new quick-service restaurant, called Hawker Chan, will be at 78, Smith Street. It will open in the middle of next month. PHOTO: LIANHE WANBAO

LIFE

Man behind Michelin-starred hawker stall to open restaurant

Hawker Chan Hon Meng of one-Michelin-starred Liao Fan Hong Kong Soya Sauce Chicken Rice & Noodle at Chinatown Complex Food Centre will soon have a new restaurant. The quick-service Hawker Chan restaurant will open next month at 78, Smith Street in Chinatown. Hersing Culinary invested $1 million to set up the new eatery.

A version of this article appeared in the print edition of The Straits Times on October 29, 2016, with the headline 'What's News'. Print Edition | Subscribe