Private banks in Singapore have come under scrutiny for earning bonuses by selling risky debt. This comes as the nation sees wave of defaults like never before. An industry group is currently reviewing the practice, says the MAS. How exactly do banks earn? Bond issuers offer banks rebates of up to 1 percent as an incentive for them to sell unrated securities. Concerns of conflict of interest have...

A shocker in Woodlands this morning. At about 10.45am, a 46-year-old man was spotted sitting on a ledge at the rooftop of a construction company building. His feet were dangling over the ledge, 8 floors above ground. The man was reportedly upset following a scolding by his boss. As police maintained order and coaxed the man to come down, SCDF officers set up an air pack in case he fell off the ledge. A...

Have hotel rooms become too expensive, or does this frisky couple have an exhibitionism fetish? Or maybe they’re just drunk and horny. Nevertheless, the pair were reportedly spotted at getting down and dirty at a park in Tampines yesterday at about 11pm and one kaypoh onlooker with a smartphone on hand recorded them in action. Besides vigorously fondling the young lady’s breast in full...

RONALD LEE: Some factions have been comparing the late former president S R Nathan with the man he replaced in 1999, Mr Ong Teng Cheong, and arguing why the latter was better presidential material. My question is, why is there a need to split hairs over this? Both men were remarkable in their own ways. Mr Ong was the epitome a model public servant – someone who gets the job done without much...

Poor taxi uncles might soon see their numbers cut. Their rice bowls have come under threat from new private-hire car services such as Uber and Grab, and now, there’s a new self-driving car service which might phase them out. nuTonomy has launched a trial for its driverless taxi service in Singapore. Selected members of the public will be able to hail a free ride through their smartphones in these...

The year was 1959 and Mr S R Nathan was a seaman’s welfare officer (he was appointed in 1955). His job was to administer to the needs of Singapore’s seafarers (because, you know, we build this country on being a really good port-of-call). Part of Mr Nathan’s job was to file complaints on behalf of seafarers. That year, a Swedish ship fired a local seaman, supposedly for disciplinary issues. The...

The death of former president S R Nathan and the state funeral he has been accorded has raised the familiar thorny issue of whether another late former president Mr Ong Teng Cheong was denied a state funeral by the government of the day. Mr Ong was Singapore’s first elected president, after beating former Accountant-General Chua Kim Yeow, by securing 58.7 per cent of the vote. He was sworn in 1993,...

Two men, a 22-year-old and a 23-year-old, have been arrested at Yishun on suspicion that they were playing with stun guns. They were reportedly playing with the what appeared to be stun guns near Northpoint shopping mall for about 20 minutes, before police stunned them with a huge show of force – at least 5 police cars and 10 officers swooped in on them. An eyewitness said the two were playing...

Someone’s ass is going to hurt tonight. In its bid to play up the legitimacy of late former president S R Nathan’s presidency, it appears that some fact-checking wasn’t by Straits Times editors prior to releasing this story. An interviewee known as Lin Rong Xiang said (probably with much exuberance and gusto) that he voted for Mr Nathan when he was elected president. There’s...

Those buggers who hoarded this Chub Cui He brand of milk tea and deprived others of a chance to taste the tasty Taiwanese beverage just so they could make a quick buck, the joke’s on you now! The AVA has issued a statement saying that it is working with the Singapore importer of the milk tea to recall the product, a month after they hit the shelves. That’s because the milk tea contains L-theanine,...

As lofty tributes pour for S R Nathan pour in from ministers and and other more glaringly prominent public figures, a simple journalist perhaps best summed up the humble nature of our late former president. Suresh Nair, an award-winning journalist with over 25 years of reporting experience, says Mr Nathan was truly the “people’s president” who retained his humility despite his position...

As a child, S R Nathan lived in Muar, Malaysia enjoyed a childhood of occasional luxuries such as British biscuits and toys from Robinson’s as his father worked for a law firm. Then came the rubber slump in the 1930s which saw Nathan senior Sellapan’s income fall drastically. He became an alcoholic, left the law firm, and moved the family to Singapore. One night, as Mr Nathan recalled in his memoirs,...

Former president S R Nathan will be accorded a state funeral. The funeral service will take place from 4pm on Friday (26 Aug) at the NUS University Cultural Centre. It will be attended by Mr Nathan’s family, friends and former colleagues, the President, Cabinet Ministers, MPs, civil servants as well as Singaporeans from all walks of life. The funeral service will be followed by a private cremation...

Former president S R Nathan has passed away at the age of 92. He passed away at the Singapore General Hospital today due to complications from a stroke suffered over 2 weeks ago. In a statement, the Prime Minister’s Office said: “The Prime Minister and his Cabinet colleagues are sad to learn of the passing of Mr S R Nathan and would like to convey their condolences to his family. The late...