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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.
TOP OF THE NEWS
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.
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 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.
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.
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.
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.
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.
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.
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.
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.