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More private sector companies reported falling profits or losses last year, with fewer giving pay increases to workers. Despite this, total wages went up by 4.9 per cent last year, thanks to the tight labour market and higher employer Central Provident Fund contributions.
TOP OF THE NEWS
It would be a mistake for countries contesting China's claims in the South China Sea to underestimate the legality of its arguments, says former Singapore foreign minister George Yeo. In a panel discussion at the World Economic Forum, he said Asean's growing reliance on the economic giant has raised concerns about its influence.
Philippine President-elect Rodrigo Duterte has ordered his Cabinet to live a frugal life like ordinary Filipinos and forgo luxury cars and expensive meals. He said people would believe that such luxuries came out of their taxes at his first meeting with Cabinet members, underlining the point that Filipinos voted him to power because of his anti-graft record.
A British paedophile faces life in prison after admitting to a series of sex attacks on children as young as six months old, many of them from poor families in Malaysia. Richard Huckle, 30, is believed to have abused as many as 200 children and had written a manual for paedophiles.
Mr Barack Obama has preserved the US' dominance despite inheriting a troubled economy and coming up against a rising China, writes Associate Editor (Global Affairs) Ravi Velloor. And like a good golfer, he leaves the course in better shape than when he stepped onto it.
A survey on corporate giving by the National Volunteer and Philanthropy Centre has found that many firms here give to the same few causes and on an ad hoc basis. Three in four of the 800 companies polled donated last year, with a median donation of $20,000.
Attitudes towards disabled people leave much to be desired, going by recent surveys which found that six in 10 disabled people do not feel they are socially accepted or given chances to reach their potential. A public education campaign was launched yesterday to raise awareness of disability issues.
The winning bid for the Shunfu plot of land may have been the third largest but Chinese developer Qingjian believes it got a good deal.
The firm's general manager Li Jun cited the plot's location as the main draw.
German midfielder Ilkay Gundogan became Pep Guardiola's first Manchester City signing yesterday. City reportedly paid Borussia Dortmund £20 million (S$39 million) for the 25-year-old. Gundogan, a Bundesliga champion with Dortmund in 2012, believes his best days are ahead.
Fresh from his win at the Gustav Mahler Conducting Competition in Germany, maestro Wong Kah Chun will give his first public performance here at tomorrow's Opera In The Park . This year's concert marks William Shakespeare's 400th death anniversary with a programme inspired by his works.
Oscar winner Tom Hanks and Oscar-nominated comedienne Melissa McCarthy will be in Singapore this month for a series of publicity events at Marina Bay Sands. The two stars will be joined by directors Ron Howard, Paul Feig and Antoine Fuqua. They will be here from June 12 to promote their movies, Ghostbusters, Inferno and The Magnificent Seven.