Man dies after tugboat sinks in Singapore waters, COE for Cat A highest so far in 2024: Singapore live news
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Cargo ships parked on the ocean area in the southern area of Singapore. (Photo: Getty Creative)
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A man has died after a tugboat, reportedly with a crew of two, sank in Singapore waters on 4 September.
The Maritime and Port Authority of Singapore (MPA) are coordinating a search and rescue operation with the Police Coast Guard (PCG) and the Singapore Civil Defence Force (SCDF) for a missing crew member from the sunken tug.
There is no oil pollution reported at the time of MPA’s press statement on Wednesday.
More on the story below.
All prices for Certificate of Entitlement (COE), which you must purchase to have the right to own and use a vehicle in Singapore, rose in the first bidding in September.
Category A, or the category for smaller and less powerful cars, saw premiums rise to $96,490 which is a new high for the category in 2024.
This is the second year in a row Saverin has led Forbes’ list and the publisher noted he added $13 billion from last year as shares of Meta continued their upward trajectory.
In total, the combined wealth of Singapore’s 50 Richest list rose from $177 billion (S$230b) last year to $195 billion (S$253b) this year.
Siblings Robert and Philip Ng of property giant Far East Organization remained second in the annual ranking with a combined fortune of $14.8 billion (S$19.2b).
According to Forbes, three people on the list, whose wealth is tied to New York-listed Sea, were boosted as the company they cofounded became profitable for the first time in 2023 since its IPO seven years ago and its shares more than doubled in the past 12 months.
This included chairman and CEO Forrest Li who moved up six places to No. 12 with $5 billion (S$6.5b), and chief operating officer Gang Ye rose to No. 16 with $3.1 billion (S$4.0b).
David Chen, chief product officer of e-commerce arm Shopee, broke back into the ranking this year at No. 50 with $870 million (S$1.1b).
The top 10 richest in Singapore are:
1) Eduardo Saverin (US$29 billion)
2) Robert & Philip Ng ($14.4 billion)
3) Li Xiting ($13.4 billion)
4) Kwek Leng Beng ($11.5 billion)
5) Goh Cheng Liang ($10.4 billion)
6) Khoo Family ($9.2 billion)
7) Wee Family ($7.8 billion)
8) Kwee Brothers ($6.8 billion)
9) Leo Koguan ($6.7 billion)
10) Zhang Yong & Shu Ping ($6.5 billion)
Marcus Chhan
At least 1 in 4 Singaporeans had a relationship break down because of money
Study found 27% had a relationship breakdown due to disagreements about money. (Photo: Getty Creative)
At least 1 in 4 Singaporeans have had a relationship fail because of arguments over money, according to a new study by MoneySmart.
The study interviewed 1,000 Singaporean adults and found that 27% had a relationship break down due to disagreements about money. The most common disagreements were around a partner spending too much (48%) followed by differences in saving habits (37%).
According to the study, Singaporean couples are finding it difficult to talk about money openly despite 81% of those surveyed believing that this would lead to a more healthy and secure relationship.
“Although sometimes tricky, improving communication around finances is entirely possible. By addressing money matters proactively and collaboratively, couples can strengthen their partnership, minimise stress, and build a more transparent and supportive financial relationship,” says relationship coach Iwa Hensarling.
Marcus Chhan
Indonesia to deport infamous Filipino fugitive Alice Guo
Guo fled from the Philippines after being accused of helping establish an illegal online gaming and scam centre that catered mostly to clients in China. (Photo: Joseph Vidal/Philippine Senate Social Media Unit via AP)
The former mayor of Bamban – a small town in Tarlac province north of Manila – has become somewhat of a media fascination in recent weeks.
She’s been accused of being a fake Filipino and a Chinese spy as well as a crime syndicate boss dealing in illegal online gambling, scam centres, money laundering and human trafficking.
Guo fled the Philippines in July and is understood to have travelled to Malaysia and Singapore, before going to Indonesia in August.
She was arrested in Indonesia this week and Jakarta's law minister confirmed plans to deport her to the Philippines.
The announcement came during Indian Prime Minister Narendra Modi's two-day visit to Singapore.
“We have set out a forward-looking agenda for the next phase of our bilateral relations. This includes closer cooperation in areas like sustainability, advanced manufacturing, digital technologies and connectivity,” Singapore PM Lawrence Wong said in a FB statement.
India and Singapore want to play a bigger role in the global chip supply chain which continues to be affected by tensions between the US and China.
It was also revealed in the post that Singapore, to date, has contributed $17 million towards humanitarian aid for Gaza.
“To the people of Singapore, I am deeply grateful for your overwhelming support to this urgent and significant cause,” the Minister added in his FB post.
Marcus Chhan
Singapore Airlines gets most trusted nod from Newsweek
A Singapore Airlines aircraft flies past the Frankfurt Arena during a match at UEFA Euro 2024. (Photo: KIRILL KUDRYAVTSEV/AFP via Getty Images)
Singapore Airlines is rated as the most trusted company in the world for Transport, Logistics & Packaging, according to a ranking of the World's Most Trustworthy Companies for 2024.
The list was produced by Newsweek and Statista and “recognises companies that have earned the confidence of consumers, investors and employees by producing quality products, paying employees fair wages and appointing effective leaders.”
For Banks, DBS Group finished second behind Indonesia’s Bank BCA. Other Singapore brands such as United Overseas Bank ranked 12th while OCBC ranked 21st in the Banks category.
COE prices for Category A highest so far in 2024 at $96,490
Traffic rushing in the street of Singapore. (Photo: Getty Creative)
The first Certificate of Entitlement (COE) bidding in September saw the premium for smaller, less powerful cars rising to $96,490 – a new high for Category A cars in 2024.
The previous peak this year for Category A prices was $94,289 recorded back in August.
“Category A is overcrowded, with many new brands and also existing brands having more cars in Cat A,” Ng Choon Wee, commercial director of Komoco Motors which represents Hyundai in Singapore, told Motorist.
A 39-year-old male crew member was rescued by the Police Coast Guard (PCG) and taken to hospital where he later died.
The MPA said it was coordinating a search and rescue operation with the PCG and the Singapore Civil Defence Force (SCDF) for the missing crew member.
It added that salvage divers had been activated to confirm the location of the sunken tug while vessels are being instructed to keep clear of the area.
There is no oil pollution reported at the time of MPA’s press statement on Wednesday.
A man from Mississauga visiting Quebec for the weekend is speaking out over a disturbing interaction he had with Laval police. He alleges he was assaulted by officers and that he thought he was going to die. A warning that some images and video in this story can be disturbing to some. Global's Felicia Parrillo reports.
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