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Singapore is not expected to go into a recession but the Government stands ready to respond to one, Minister for Trade and Industry (Trade) Lim Hng Kiang told Parliament.
Minister for Trade and Industry (Industry) S. Iswaran and Manpower Minister Lim Swee Say also gave the House updates on job creation and opportunities.
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The Government will set aside about 8 per cent of its infocomm technology budget for cyber security spending, up from about 5 per cent. Prime Minister Lee Hsien Loong said the issue was of national importance.
Thai shares fell 3.6 per cent yesterday in their biggest intra-day percentage drop since August last year, after the palace said late on Sunday that King Bhumibol Adulyadej was in an unstable condition after receiving haemodialysis treatment. The Thai baht also fell for the sixth day, the longest stretch of losses this year.
British-born Oliver Hart and Finland-born Bengt Holmstrom have won the 2016 Nobel Prize in economics for their contributions to contract theory which help the understanding of issues like the performance-based salaries for top executives.
The world may well be in a pre-war era, warns Professor Jean-Pierre Lehmann, and Asia is a region fraught with pervasive disputes over territory. It is necessary to consider the possibility of war, so as to make choices to avoid it, he writes in the By Invitation column.
Premium bus services that offer seats at a fixed fare have fallen in number, under competition from the cheaper City Direct bus services that ply one-way express routes from housing estates to the city but do not guarantee seats.
Mr Lim Biow Chuan, MP for Mountbatten, called for a review of the redevelopment plans for Dakota Crescent yesterday in Parliament, noting the estate's social, historical and architectural significance. Its residents have to move out by the year end to make way for redevelopment.
One year into a demanding job, National Development Minister Lawrence Wong tells The Straits Times he is upbeat about the years ahead, during which he plans to focus on three priorities: ensuring affordable and quality housing, urban transformation and adopting cutting-edge innovations to create a greener environment.
Four-time world champions Italy trailed outsiders Macedonia 1-2 in a World Cup qualifier on Sunday before rallying to clinch a late 3-2 win. Two late goals from Ciro Immobile rescued the Italians, but coach Giampiero Ventura said his side, with six players under the age of 25 in the starting XI, "made mistakes born out of inexperience".
Composer and lyricist Stephen Schwartz talks about his songwriting process for hit musical Wicked, which is currently playing here. He says the signature song Defying Gravity was not the most difficult to write.
The Desert Trip mega-festival, which brings together the biggest names in rock over back-to-back weekends, opened last Friday with The Rolling Stones playing a cover of Come Together by The Beatles, whose member Paul McCartney returned the favour by performing the Stones' I Wanna Be Your Man. Desert Trip is forecast to become the most lucrative music festival in history.