What's News: February 24, 2016

Cavaliers guard Kyrie Irving (left) dribbling against Pistons guard Reggie Jackson during the game on Monday night.
Cavaliers guard Kyrie Irving (left) dribbling against Pistons guard Reggie Jackson during the game on Monday night.PHOTO: REUTERS


Inflation forecast cut

Singapore's central bank has cut its inflation forecast for the year amid a historic rout in global oil prices and sliding certificate of entitlement premiums for cars. The move came as new data showed Singapore had its 15th straight month of negative inflation in January - the longest spell of sliding prices in almost four decades.


Benefits of low British pound

The British pound has fallen to a two-year low against the Singapore dollar, buying just $1.98, benefiting parents who are financing their children's studies in Britain. Tour agencies in Singapore are also predicting a rise in demand for holidays in Britain.



Sympathy over sacking

Underperforming officials are usually shuffled out quietly in China, but the recent change in the country's securities chief marks a rare dismissal of a high-ranking official. It is not unclear why Mr Xiao Gang (photo) was removed, with the lack of a detailed explanation for his ouster evoking sympathy from some quarters over his "difficult job". 


Pistons beat Cavaliers to stop five-game skid

The Detroit Pistons broke their five-game winless streak on Monday night, becoming just the third NBA team this season to beat the East-leading Cleveland Cavaliers more than once. The 96-88 win saw a tired LeBron James match his worst season score with a mere 12 points. 


US, S. Korea delay missile pact

The United States and South Korea have postponed the signing of a pact on the deployment of an advanced missile defence system that is opposed by China. The issue is likely to figure in talks between Chinese Foreign Minister Wang Yi and US counterpart John Kerry.


Weighing banking crisis fears

The risks for the banking sector have risen but forecasts of an impending crisis in Singapore are unfounded, analysts and the chiefs of the big three local banks have made clear. Yasmine Yahya examines their grounds for confidence.


Rat problem worsens

Singapore's rat problem worsened last year, with a jump in public feedback involving rats. The number of people penalised for having rats on their premises has also more than doubled to 190 last year, up from about 80 in 2014.


'Sugar mummy' scam

Some men here are being offered thousands of dollars a night to sleep with rich "sugar mummies" - only to find that they are the ones who end up forking out the cash, and all for nothing. Police say there have been at least 20 such cases reported since last December, with victims losing a total of about $26,000. 


NOL cuts losses in Q4

Cost-cutting efforts helped container shipping firm Neptune Orient Lines (NOL) narrow fourth-quarter losses to US$75.5 million (S$105 million), marking an 11 per cent improvement over the net loss of US$85.1 million in the same period the year before.


Napa Valley wine pioneer dies

Mr Peter Mondavi, a trailblazer in developing Napa Valley's wine industry who steered his family's Charles Krug Winery for more than 50 years, has died. He was 101. He was also credited with using cold fermentation to produce crisper, fruitier white wines. 



Stars take sides in Kesha suit

Some of the biggest names in music are picking sides in the legal battle between singer Kesha (photo) and her former mentor, Dr Luke. Kesha alleged in a lawsuit that Dr Luke "sexually, physically, verbally and emotionally abused" her. 

What it should have been

Monday's article, "Off to work, on a unicycle", incorrectly reported 71-year-old Mr Lim Teh Kea as Mr Lim Pek Kia, 76. We are sorry for the error.

A version of this article appeared in the print edition of The Straits Times on February 24, 2016, with the headline 'What'sNews'. Print Edition | Subscribe