What's News: March 03, 2017

US Attorney-General Jeff Sessions.
US Attorney-General Jeff Sessions.PHOTO: AGENCE FRANCE-PRESSE
Lebron James.


Journey of transformation

Singapore faces a journey of transformation ahead, one that requires the Government, businesses and people to work together to face the future head on, said Finance Minister Heng Swee Keat as he wrapped up three days of parliamentary debate on Budget 2017. 


Action against insider trading

The US Securities and Exchange Commission (SEC) has frozen the accounts of certain unknown customers of Singapore broker-dealer Maybank Kim Eng Securities on suspicions of insider trading. The SEC alleged that the brokerage's customers made about US$1.7 million (S$2.4 million) in potentially illegal trading profits ahead of New York-listed Fortress Investment Group's acquisition by Japanese tech giant SoftBank Group. 


Sessions under pressure

US Attorney-General Jeff Sessions said yesterday that he would recuse himself when appropriate when asked about his participation in any probe into possible ties between Russia and the Trump presidential campaign.

US intelligence said Russia targeted the 2016 election to denigrate Democratic candidate Hillary Clinton.


May to try to overturn defeat

British Prime Minister Theresa May will seek to overturn the first parliamentary defeat for her Bill to trigger Brexit, after the House of Lords rebuffed a government plea to leave it intact, said her spokesman. The Upper House voted on Wednesday to amend the Bill, to protect the right of EU nationals to remain in Britain after Brexit.


Indian IT firms lose swagger

Good, it is said, is often the enemy of great, and this has proven true in India, where software and service companies are suddenly struggling for growth, says associate editor Ravi Velloor. 


Haze-linked firm rapped

The National Environment Agency has accused Asia Pulp and Paper of being opaque in giving information on four of its suppliers. Fires that led to unhealthy levels of haze here were detected on their lands in 2015. A warrant has been issued for the director of one of the suppliers. 


$37m boost for eye research

The Singapore Eye Research Institute has announced a five-year partnership with Japanese company Santen Pharmaceutical to conduct research on major eye diseases in Asia. A total of $37 million will be invested in a new lab here. 


Saudi Arabia's Singapore link

Singapore-based investors are among the most active Asian investors in Saudi Arabia, and this level of interest is poised to grow even stronger, a top Saudi official said yesterday during a visit here. The comments come amid rising excitement over the listing destination of a mega-IPO by Saudi Aramco, the national oil firm. 


Thomas overshadows James

Lebron James' 28 points, 13 rebounds and 10 assists for Cleveland against Boston gave him the 49th triple-double of his career, but it was Isaiah Thomas who stole the show in their NBA game. The Celtics guard's 31 points, including five inside the final 50 seconds, helped his team to a 103-99 win over the holders. 


Spanish trio win Pritzker

Three Spaniards - married couple Carme Pigem and Ramon Vilalta, along with Rafael Aranda - have become the first trio to win architecture's highest honour: the Pritzker Prize. They have long been inspired by their home town Olot's dramatic natural landscape of beech trees, marshes and volcanoes. 

A version of this article appeared in the print edition of The Straits Times on March 03, 2017, with the headline 'What's News'. Print Edition | Subscribe