TOP OF THE NEWS
Singapore last night joined several countries around the world that have launched investigations into the leaked documents from a Panamanian law firm to uncover any wrongdoing using offshore company structures. The law firm, Mossack Fonseca, calls itself a victim and claims that media reports misrepresent the nature of its business.
TOP OF THE NEWS
A convicted murderer's bid to reopen his case and quash his death sentence has failed. A five-judge Court of Appeal was yesterday unanimous in throwing out 31-year-old Malaysian Jabing Kho's attempt to escape the gallows.
The owners of 10 fishing boats from China caught poaching in Indonesian waters are appealing to the authorities not to sink their vessels. Maritime Affairs and Fisheries Minister Susi Pudjiastuti has ordered as many as 174 foreign boats caught in Indonesian waters destroyed.
China plans to spend over 12.5 billion yuan (S$2.6 billion) to build or upgrade tens of thousands of public restrooms at popular tourist attractions this year.
The investment is part of a three- year campaign to bring its toilets up to international standards.
Budget 2016 is targeted at long-term "industry transformation". Is the Government ignoring current business ills? Not so, says deputy business editor Aaron Low. It is monitoring the slowing economy, and retains control of a number of policy levers it can use.
Property agents are playing down claims that the upcoming Bidadari Housing Board estate could become "the new Bishan". Said one expert: "Comparing Bidadari with Bishan is like comparing an apple on the tree with a durian cake."
The American Club is being sued by a Korean man whose daughter needed a skin graft after injuring her arm during a cooking class. The High Court suit came after it failed to compensate him following a letter of demand. Judgment in default has been entered by the High Court Registrar against it.
The ringgit has shot up against the greenback and Singapore dollar since the start of the year but local firms and consumers are not feeling the effects of the surge yet. The ringgit was trading at about 2.89 to the Singdollar yesterday, up from 3.05 on Jan 1, and around 3.92 to the US dollar, much stronger than the 4.29 it was at on Jan 1.
An Italian court yesterday called for incoming Chelsea coach Antonio Conte to receive a six-month suspended prison sentence over match-fixing claims. Conte, who will helm Chelsea after Euro 2016, is accused of sporting fraud for failing to expose an alleged rigged second division match in 2011.
New York bar Employees Only, No. 4 on the World's 50 Best Bars list this year, will open an outlet in Singapore. The Amoy Street bar will be its first outlet outside New York, and its entry in the local scene will further bolster Singapore's reputation as having some of the best bars in the region.
The Rolling Stones are holding their first exhibition, showcasing hundreds of items from their long-running career, from Mick Jagger's jumpsuits to Keith Richards' guitars. Exhibitionism, held at London's Saatchi Gallery, opened yesterday and runs till Sept 4, after which it will tour 11 cities around the world over four years.