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Asian bourses took another tumble yesterday as traders woke up to a second straight session of sell-offs on Wall Street. The frenzy came even as analysts stressed that equities are experiencing a long overdue - and even healthy - correction. The STI closed 2.2 per cent lower - its biggest one-day decline in two years.
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A statement at the end of the Asean foreign ministers' retreat has outlined their position on the importance of non-militarisation and self-restraint in all activities in the South China Sea. Next month, all 10 Asean members and China are set to negotiate a binding code of conduct to manage tensions in the disputed waters.
Flood waters as high as 2m have forced more than 6,500 residents in Jakarta and its surrounding areas to evacuate to shelters, with thousands others stranded at home. The flooding was caused by torrential rainfall, which is expected to affect south Sumatra next.
Exiled former president of the Maldives Mohamed Nasheed urged India to intervene in the archipelago's escalating political crisis, after the government imposed a state of emergency and arrested two senior judges.
Meanwhile, President Abdulla Yameen said that he had acted to prevent a coup.
Singapore may be tops in the provision of digital public services but more needs to be done with smaller things like getting all taxis to accept non-cash payment, says strategy adviser Naveen Gupta.
There was no time spent behind bars for 400 offenders from 2011 to 2016, thanks to the Day Reporting Order scheme. The prison scheme aims to rehabilitate low-risk offenders in the real world. Since the scheme started in 2011, at least 90 per cent of each year's cohort completed their sentences.
In a first between Europe and an Asian nation, travellers from Singapore flying through Amsterdam's Schiphol Airport will no longer have to go through security checks or luggage screening during transit.
Singapore and Malaysia share investors can look forward to trading in each other's stock exchange by the end of the year.
This seamless access to a total of 1,600 public-listed firms worth more than US$1.2 trillion (S$1.6 trillion) is made possible by a stock market trading link to be set up between Bursa Malaysia and Singapore Exchange.
Singapore's netball team will play Ireland tomorrow in their first match of the Hong Kong Four Nations Tournament. Despite the absence of injured goalkeeper Chen Lili, national coach Natalie Milicich is confident of a good showing from her charges as part of their preparations for the Asian Netball Championships that will be held here in September.
International dance music party Sensation is coming to Singapore for the first time this year, with an outdoor set-up at Changi Exhibition Centre on Sept 1. It will be an all-white themed affair centring on a new concept show called Rise. D14
Straits Times Digital
Rising football stars
Five promising young Singapore footballers to look out for. http://str.sg/owgj
Go skiing in China, host of the 2022 Winter Olympics. str.sg/owMN