What's News: Feb 3, 2016

Kedah's Chief Minister Datuk Seri Mukhriz Mahathir arriving at the Kedah Umno headquarters on Jan 20, 2016.
Kedah's Chief Minister Datuk Seri Mukhriz Mahathir arriving at the Kedah Umno headquarters on Jan 20, 2016.PHOTO: MALAY MAIL


Foreign investments to shrink

Big foreign investments in Singapore are set to keep falling this year, given the weaker global economy. The Economic Development Board has pegged its latest forecast for inbound fixed asset investments in Singapore this year at $8 billion to $10 billion - the lowest level in the past decade.



1MDB issue fails to die down

The decision by Attorney-General Apandi Ali not to charge Malaysian Prime Minister Najib Razak has not put an end to the 1Malaysia Development Berhad saga, as the Swiss and Singapore authorities made public statements about their investigations. Also, former law minister Zaid Ibrahim yesterday filed a court application for a review of the A-G's decision.


Opposition backs Mukhriz

Kedah's opposition lawmakers yesterday threw their support behind Menteri Besar Mukhriz Mahathir, a move that could prolong the crisis gripping the state and thus make Prime Minister Najib Razak look politically weak. The 15 lawmakers said a confidence vote should be carried out to determine the chief minister's standing.


China's military overhaul

China's restructuring of its military regions completes the last major change in its biggest military overhaul in decades. The reform is aimed at projecting the country's growing prowess in response to its changing interests and geopolitical concerns, analysts said.


Stock rout effect on property?

The sharp drop in equity prices this year may have a knock-on effect on housing prices, writes Rennie Whang. While the Government has no plans to tweak property cooling measures, the situation bears watching to head off a similar sharp drop in property prices.


Expect a hot and rainy CNY

It will be a rainy Chinese New Year this year, with a monsoon surge expected to hit the region and bring with it widespread rain and occasional windy conditions over two or three days. And it is expected to be hot too.


3rd oil spill in less than a week

There has been yet another oil spill on the roads here, the third since last Friday. The oil spill yesterday led to two lanes on Kampong Bahru Road having to be shut. Meanwhile, remnants of the oil spill that caused a massive traffic jam on the Bukit Timah Expressway last Friday have not been completely cleared yet.


Court hears fake policy suit

An elderly Indonesian couple have started their court case against insurer AIA over a fake insurance policy they were sold by a rogue AIA agent for US$5.06 million (S$7.2 million) in 2002.

From left) Young Lions player Khairul Amri; Garena associate director for corporate development and strategy Howard Soh; Garena founder and group CEO Forrest Li; FAS president Zainudin Nordin; FAS general secretary Winston Lee; and Young Lions player Marcus Wheeler. ST PHOTO: DESMOND WEE


Young Lions bag record $4m sponsorship deal

They are only a developmental squad, a set of mostly under-21 footballers taking on adults in the S-League. But that has not stopped the Young Lions from bagging the biggest sponsorship deal in the league's 20-year history.

The team will now be backed - to the tune of $4 million over two years - by Internet and mobile platform firm Garena. The figure eclipses the league's sponsorship deal with title sponsor Great Eastern.



Hart's measure of success

Hollywood actor-comedian Kevin Hart, who came here yesterday for a stand-up show, says the lack of diversity at the Academy Awards is an issue. But he says he is not in the business for an Oscar. The biggest Oscar one can receive is support from viewers, he adds.



Hello, just selling fitness

The viral music video cover of Adele's Hello that was partly shot at Marina Bay Sands and starring an underwear-clad man is American fitness trainer Bryan Hawn's way to sell his brand, he tells The Straits Times in an e-mail interview. The video has been available on his YouTube channel since November last year, but gained traction here only last weekend.

A version of this article appeared in the print edition of The Straits Times on February 03, 2016, with the headline 'What's News: Feb 3, 2016'. Print Edition | Subscribe