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Jamus Lim is new WP Youth Wing President, Fadli Fawzi appointed to CEC

SINGAPORE: The Workers’ Party announced in a statement on Wednesday morning (July 17) that its Central Executive Committee (CEC) has co-opted an additional member, Fadli Fawzi.

The statement also said that Sengkang MP Jamus Lim is the party’s Youth Wing President.

Mr Fawzi, a lawyer with Inkwell Law Corporation, has been with the WP team and active on the ground at Marine Parade over the past few years.

He was fielded as part of the WP slate in Marine Parade GRC in the last General Election.

FB screengrab/Fadli Fawzi

The release from the WP Media Team also announced the following appointments to the current CEC after the WP had said on June 30 that its leadership going into the next election remains essentially the same, with Sylvia Lim elected again as Chair and Pritam Singh as Secretary-General.

FB screengrab/ The Workers’ Party

The July 17 announcement affirmed that Member of Parliament Muhamad Faisal Abdul Manap (Aljunied GRC) is also staying on as Vice Chair, and Sengkang GRC MP He Ting Ru is still the party’s treasurer.

Similarly, Nathaniel Koh is still Deputy Treasurer, and Hougang SMC MP Dennis Tan is still the party’s Organising Secretary.

The WP’s current Deputy Organising Secretaries, Ang Boon Yaw, Kenneth Foo, Tan Kong Soon have also kept their positions, but the party announcement shows that Mr Fadli has been added to their number.

Sengkang GRC MP Louis Chua, who used to be the Deputy Head for the Media Team and took over as head when former Aljuined GRC MP Leon Perera stepped down last year, is also staying in his role, while former MP for Punggol East SMC Lee Li Lian is the Deputy Head.

Sengkang GRC MP Gerald Giam and Sengkang GRC MP Jamus Lim remain the Head and Deputy Head of Policy Research, respectively.

Assoc Prof Lim, now the party’s Youth Wing President, takes over from Mr Koh, who in turn stepped into the role vacated by Nicole Seah, who had held the post for two years and resigned in July 2023.

FB screengrab/ Jamus Lim

“Mr Low Thia Khiang (刘程强) was elected and continues to serve as a member of the CEC,” the WP added.

On June 30, the WP announced the 12 members of its CEC after its Cadre Members’ Conference that day.

The CEC saw the return of Ms Lee, who served as MP for Punggol East SMC from 2013 to 2015.

It said at the time, “The new CEC has taken office, with a mix of members of different ages and backgrounds, and has started work with immediate effect.” /TISG

Read also: Sylvia Lim and Pritam Singh stay on to lead Workers’ Party into next General Election

New home sales rose in June despite slow season and lack of new projects

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SINGAPORE: New home sales, excluding executive condominiums (ECs), saw a modest rise in June, increasing by 2.2% month-on-month (MoM) to reach 228 units.

This growth came despite a typically slower sales period due to school holidays and the absence of new project launches.

However, on a year-on-year (YoY) basis, sales dropped by 18%, highlighting the ongoing challenges in the market.

PropNex data indicates that only 118 units from existing projects were launched for sale in June, significantly fewer than the 238 units launched in May.

The new units in June came from Tembusu Grand, The Lakegarden Residences, Pollen Collection, and Watten House.

Among the various submarkets, the Outside Central Region (OCR) led the sales in June, with 132 units sold, representing 58% of the total sales for the month.

The Rest of the Central Region (RCR) followed with 71 units sold, while the Core Central Region (CCR) recorded the lowest sales with just 25 units.

In the executive condominium segment, sales saw a substantial increase of 25% MoM, reaching 40 units.

The most popular EC project was North Gaia, which sold 29 units at a median price of $1,311 per square foot (psf).

Lumina Grand followed, selling 16 units at a median price of $1,508 psf.

The data reflects a nuanced market performance where certain segments and regions continue to attract buyers, even in slower periods. /TISG

Singapore stocks open slightly higher on Wednesday

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SINGAPORE: Singapore stocks opened slightly higher on Wednesday, July 17, echoing the gains seen on Wall Street, where both the Dow Jones and S&P 500 reached new record highs.

The Straits Times Index (STI) inched up by 0.1%, adding 3.24 points to hit 3,491.15 as of 9:01 am, as reported by The Business Times.

In the broader market, there were 76 gainers compared to 33 losers. A total of 46.9 million securities changed hands worth S$89.6 million.

CapitaLand Integrated Commercial Trust was the most active stock by volume, rising by 1% or S$0.02 to S$2.11, with 4.4 million shares traded.

Manulife US Real Estate Investment Trust also saw significant activity, increasing by 4.1% or US$0.003 to US$0.077, with 4.1 million units changing hands.

Singtel climbed by 1.6% or S$0.05 to S$3.10, with 3.6 million shares traded. Singtel’s associate company, Intouch Holdings, announced that it had entered into an amalgamation agreement with Thailand’s Gulf Energy Development.

This merger will create a new public entity named NewCo.

Banking stocks showed mixed results in early trading. DBS fell by 0.7% or S$0.26 to S$37.10, while UOB rose by 0.3% or S$0.10 to S$33.16. OCBC dipped slightly, down 0.6% or S$0.09 to S$15.05.

On Wall Street, the Dow Jones Industrial Average surged by 1.9%, closing at a new high of 40,954.48. The S&P 500 also set a new record, gaining 0.6% to close at 5,667.2. The Nasdaq Composite Index rose by 0.2% to finish at 18,509.34.

Strong earnings reports from major companies and expectations of potential interest rate cuts in the US drove this optimism.

In contrast, European shares fell on Tuesday. The pan-European Stoxx 600 was down 0.3%, weighed down by a weak performance in commodity-linked stocks luxury brands.

Investors remained cautious, considering the possibility of Donald Trump winning the upcoming US presidential election.

/TISG

Read also: Singapore stocks slipped on Tuesday—STI dropped by 0.1%

Featured image by Depositphotos

Praise for mother who hit her son for hitting a cat?

SINGAPORE: A Singaporean mother was praised online after a video of her disciplining her son for hitting a community cat went viral on social media.

The video, shared by a netizen in the Facebook group ‘Complaint Singapore’ on Monday (July 8), was captioned, “The consequence of hitting a cat is to be hit back by the mother.”

In the short clip, the community cat can be seen peacefully perched next to a store’s window when the son suddenly appeared and struck it with a piece of paper.

Photo: FB/Complaint Singapore

Walking behind him, the mother witnessed the incident and disciplined him by giving him a swift hit on his back in return.

Photo: FB/Complaint Singapore

Netizens couldn’t help but be impressed by the mother’s actions. Many praised her as “a good mother” and “the best mom” for disciplining her child in public and teaching him the importance of treating animals with respect.

Some mothers also chimed in and expressed agreement, stating that they would similarly react if they saw their child mistreating cats. Others, however, said that they would do more than just whack their child.

One netizen said, “If my kid like that sure kena kick from me..the cat never disturb you why must you hit the cat.”

Meanwhile, others criticized the son for being abusive towards animals. One netizen remarked, “Sick boy. To show violence against helpless animals. Wish the mum slapped him harder.”

Another commented, “Omg must watch that boy. If he can do this. He will do it anywhere to another cat when his parents are not with him.”

Several netizens also stressed that other parents who are overly lenient with their children should take cues from the exemplary actions of this mother.

One netizen stated, “That’s the type of mother that deserves to be praised, unlike some parents who just see and do nothing. Congrats madam, may your son grow up to be a useful and successful person.”

But should you hit a child for hitting an animal?

According to multiple studies, physical punishment does not help children learn responsibility, develop a sense of right and wrong, or improve self-control.

Dr Elizabeth Gershoff, one of the researchers on the effects of physical punishment on children, explains that although spanking may get their immediate attention, it fails to instil a deeper understanding of why making better choices is important in the long run.

Experts, therefore, recommend that when you see your child being abusive towards an animal in any way, whether they may have hit them, thrown an object at them, or yanked their ears, it’s best to remove the child away from the pet and take them to a quiet spot where the child can reflect on their actions.

This location must have no distractions of any kind—no cell phone, tablet, TV, or any gadget, toys, or even their friends must not be present. This is so the child can focus solely on reflecting.

After 5 minutes, you can approach your child again and converse with them without expressing anger.

Ask them why they did it and how they can make things right. If they did it out of fear, you can teach them some basic commands that can make an animal back down.

If they did it for fun, explain how their actions hurt the animal.

Additionally, encourage your child to apologize to your pet. If you notice positive changes in your child’s behaviour over time, praise them.

Use encouraging words like “Hey, you did well!” or “Keep up the good work!” Positive reinforcement can have a lasting impact on children’s behaviour.

Moreover, resorting to physical punishment against your child for harming an animal mirrors the very behaviour you are trying to discourage in your child while confusing them.

It also perpetuates a cycle of violence and fails to set a positive example to encourage change.

https://www.youtube.com/watch?v=naBu80uGAa0&t=308s

Read also: “So arrogant” – Mother draws flak for complaining about strangers touching baby in public

“Bank of Pa and Ma” — Netizens speculate rich parents are the ones funding condos owned by Singaporeans in their 20s

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SINGAPORE: A recent online post has ignited a discussion about how young Singaporeans in their 20s can afford to own condos as one Singaporean asked:

“How do people do that? I have seen 20+ years old (25-28 years old) owning private property. Is it practical? Even if you have the means, the bank loan and interest must take up almost all of their cash flow, not forgetting the maintenance fees, etc.”

“Is it really a wise choice to get private property if you are single? And waiting until 35 years old to move out seems like such a long time,” she added.

The post attracted numerous comments from netizens, many of whom speculated that wealthy parents are behind these property purchases.

One commenter noted, “Many have rich parents who just want to make use of their children’s name to invest in properties without paying Additional Buyer’s Stamp Duty (ABSD).”

Another netizen quipped, “Reminds me of the self-made guide to becoming a millionaire. All you need is 20m from papa and an astute investment into an SGX listco to be left with 1m.”

Many shared stories of people they know with affluent parents funding their children’s property purchases. One shared, “My colleague is an admin girl, drives a Porsche and stays in a 4 million dollar condo. Go figure.”

Another person shared, “I know a girl who makes maybe 4k. She owns a condo because her parents made the down payment for her, and she just pays the instalments. Quite common actually.”

One netizen added how his cousin’s mother-in-law provided a condo as a gift, sharing, “My cousin is the best. He married a rich wife. His mother-in-law gifted them a condo.”

“Pick the correct spoon when you’re lining up la,” another quipped. /TISG

Read also: “What is this madness?” — Spike in million-dollar HDB resale flats raises concerns about “Singaporeans becoming homeless”

Featured image by Depositphotos

Over 70% Singaporeans want free shipping when they shop online

SINGAPORE: Free shipping has emerged as the most important factor for Singaporean consumers when shopping online, according to a recent survey conducted by Shopify.

The findings were detailed in Shopify’s Retail Report 2024, highlighting key consumer preferences and expectations in the e-commerce landscape.

The survey revealed that a significant 71% of respondents in Singapore expect free shipping when making online purchases.

This preference underscores the importance of shipping costs in the decision-making process of online shoppers in the city-state.

In addition to free shipping, other vital considerations for Singaporean consumers include the availability of multiple payment methods and the option for free returns.

According to the report, 55% of respondents believe online retailers should offer debit and credit card payment options.

Furthermore, 51% expect online sellers to provide a free return policy, indicating a strong desire for convenience and flexibility in the online shopping experience.

The survey also highlighted expectations within brick-and-mortar stores.

More than half of the shoppers surveyed emphasized the importance of knowledgeable staff and adequate product stock levels, suggesting that traditional retail still holds significant value for consumers who seek in-person shopping experiences.

Additional insights from the survey revealed that 44% of Singaporean consumers want retailers to provide an estimated delivery date for their online orders. This reflects a demand for transparency and reliability in the delivery process.

Moreover, 39% of respondents preferred loyalty rewards programs, and 36% expected retailers to offer personalized shopping experiences.

The comprehensive survey drew insights from 2,056 residents across four Southeast Asian markets, including Singapore.

These findings provide valuable information for retailers looking to enhance their service offerings and meet the evolving expectations of consumers in the region.

As online shopping continues to grow in popularity, understanding and addressing these consumer preferences will be crucial for retailers aiming to succeed in the competitive e-commerce landscape. /TISG

BTS’ Jimin and Jungkook announce their vacation variety show “Are You Sure?!” while hinting at fun and uncensored stuff

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On July 15, 2024, BANGTAN TV released a thrilling announcement video featuring BTS members Jungkook and Jimin, teasing their new travel variety show, Are You Sure?!

Jungkook promised fans an exciting series filled with unexpected twists and a mix of joyful and poignant moments.

The announcement, shared at midnight KST on July 16, featured a lively teaser where Jimin and Jungkook reminisced about their 2017 trip to Tokyo, recalling the beloved videos from that adventure.

They assured fans that Are You Sure?! would deliver authentic, unfiltered content showcasing their true selves.

Bringing joy in announcement

In the video, Jungkook assured ARMYs of seeing the duo’s relaxing moments, while Jimin playfully questioned the appropriateness of releasing the show. In response, Jungkook promised surprises and entertaining tales throughout the duration of the show. Jimin then encouraged fans to stay tuned for more details, ending with Jungkook saying, “We hope this announcement brings you joy. We’ll say goodbye for now.”

Are You Sure?! will recount the impromptu trip that Jimin and Jungkook took prior to enlisting in the military.

Their journey starts in the United States and continues to Jeju Island and Sapporo, featuring a road trip with activities like camping, canoeing, and other adventures.

Guest appearance

Jimin and Jungkook can be seen jokingly asking, “Is this okay to air?” and “Are you sure about this?!” in the launch trailer. Additionally, fans have noticed clues that fellow member V might make a special appearance.

V had previously posted photos from a vacation with Jimin and Jungkook, who were seen wearing outfits identical to those in the trailer.

Additionally, V shared a sunset photo from Jeju Island on Korean Thanksgiving Day (Chuseok), resembling a scene from the trailer, fueling speculation about his cameo.

The eight-episode series Are You Sure?! will debut exclusively on Disney+ on August 8, 2024. The last day of the series’ telecast is September 19, 2024.

Jimin made his BTS debut in June 2013 after spending a little over six months as a trainee. Renowned for his exceptional vocal range and stability, Jungkook is a pillar of BTS’s sound.

Economists expect MTI to raise GDP estimates

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SINGAPORE: Economists are forecasting an improvement in Singapore’s economic performance for the second half of 2024, with projections indicating a rise in year-on-year GDP growth to 3.1%, up from 3.0% in the first half.

This optimistic outlook comes despite challenging base effects, with several key factors driving the expected growth.

Nomura has revised its quarterly GDP growth forecast, anticipating an average increase of 1.3% quarter-on-quarter for the third and fourth quarters, significantly higher than the 0.3% recorded in the first half of the year.

This positive revision is attributed to a global technology sector rebound expected to enhance manufacturing output and export volumes.

“Considering the flash estimates for H1 growth and the improving GDP growth trajectory in H2, we expect the Ministry of Trade and Industry (MTI) to raise its full-year GDP growth forecast to 2%-3% from the previous 1%-3% range.

We also anticipate that 2024 GDP growth will likely be at the upper half of this narrower forecast range,” Nomura told Singapore Business Review (SBR).

RHB Bank also told SBR that it shares a positive outlook for Singapore’s economy in the second half of the year, citing three primary reasons for its resilience.

Firstly, Singapore’s significant exposure to the global economy through trade and investment positions it to benefit from robust global GDP growth, particularly from the US and China, which are projected to grow by 2.5% and 5.0%, respectively, in 2024.

Secondly, RHB forecasts that a potential reduction in the US Federal Funds Rate in the fourth quarter of 2024 could stimulate investment inflows into ASEAN and Singapore.

Lower borrowing costs and a heightened risk appetite are expected to drive this investment activity.

Lastly, RHB predicts that global inflation pressures will gradually ease during the same period. This would benefit Singapore’s import-reliant economy by lowering producer and import prices, thus supporting real rates.

Based on these factors, RHB told SBR that it projects a full-year GDP growth of 2.5% for Singapore, at the upper end of the current government estimate.

As the second half of 2024 unfolds, Singapore’s economic landscape appears poised for a period of sustained growth, bolstered by favourable global economic conditions and strategic policy adjustments. /TISG

Young Singaporean says no job in sight despite sending out almost 300 applications

SINGAPORE: A Singaporean in his late twenties lamented how hard it has been to look for a job despite sending nearly 300 applications.

“Is it me or am I just fighting an uphill battle here?” he asked on r/askSingapore on Monday (July 15).

He wrote that he had delayed going to university for two years as he had first pursued going into business, but he has since gotten a marketing degree from the Singapore University of Social Sciences.

He added that he is now 29 and wishes “to move on,” but he is “struggling hard with job hunting.”

Despite applying for almost 300 jobs in two months, he is pretty sure that 90 per cent of the companies he applied to did not even bother looking at his résumé.

Additionally, it’s not as though he lacks work experience, as he has internships at multinational companies and his own business and marketing experience to support his content creation, graphic design, and social media and offline marketing skills.

He noted with concern, however, that he was told during interviews that firms only want women in marketing positions and that his age would make it hard for companies to take a chance on him.

After being told this, he was asked if he wanted to sell insurance.

It’s super frustrating! It feels like the only companies that even call me down for interviews are insurance companies disguised as other companies,” he wrote.

“I’ve seen fresh marketing graduates at 24 snagging up jobs at MNCs and Government, while I’m stuck sending hundreds of applications to jobs that won’t even look at my résumé,” he added.

The post author then asked if anyone has similar experiences in finding a job.

Many Reddit users have commented on his post, with one telling him that the job market is “generally bad.” They advised him to have a backup plan to maximize his opportunities and tailor-fit his résumé for the jobs he’s applying to.

Their last bit of advice was: “Prepare to sacrifice things to get the job.” Another commenter advised him to “show the interviewer how your skill sets match with what they’re looking for.”

Some generous Reddit users offered to help him tweak his résumé, and others encouraged him to consider other options.

“Just wanted you to have another perspective… I spent a little more than 6 months to find a job after graduating. In between, I worked as a teacher and tutor. It can feel like an uphill battle and is frustrating, but you have to keep moving.

Keep applying while working. Good luck,” wrote one.

“Hang in there bro. I’m in the same boat and of the same age as you so I can also understand the stress from age-related topics.

I don’t have a solution for you but just wanted to remind you to not forget looking after yourself and do stuff for leisure and a healthy headspace as you continue looking for work,” chimed in another. /TISG

Featured image: Depositphotos

 Read also: Jobseeker who got rejected in final round asks if everything she went through was necessary

Singapore’s H1 private home sales plunged to record low, weakest first half since 2004

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SINGAPORE: Singapore’s new private home sales have plunged to a record low of 1,916 units, the weakest first half since data tracking began in 2004.

This latest tally is even lower than the sales recorded during the global financial crisis and the COVID-19 pandemic.

Singapore Business Review reported that according to URA flash figures cited by analysts, new home sales, excluding executive condominiums (ECs), dropped 43% in the first half of 2024 compared to the 3,383 units sold in H1 2023.

This is also a 55% decline from the 4,222 units transacted in H1 2022.

Christine Sun, OrangeTee Group Chief Researcher and Strategist noted that the drop in sales was starkly noticeable compared to previous challenging periods: 3,862 units in H1 2020 during the pandemic and 2,287 units in H1 2008 amid the global financial crisis.

Ms Sun also noted that the current sales figures reflect a deeper market issue. Buyers have become more selective amid new launch options and growing resistance to high prices.

This selective buying, coupled with buyer fatigue, has resulted in generally lower take-up rates across new projects in 2024.

Tricia Song, CBRE Head of Research in Southeast Asia, echoed this sentiment, identifying “buyer fatigue” as a significant factor in the weak sales.

She explained that homebuyers are now more selective with their purchases, with reluctance towards increasing prices.

Ms Song expects this cautious approach to continue until there is a notable reduction in interest rates and a stronger economic recovery.

Leonard Tay, Head of Research at Knight Frank Singapore, shares a similar view. He predicts that home sales will likely remain subdued until interest rates decrease.

Despite the overall gloomy outlook, there was a slight rebound in sales for June, with transactions increasing by 2.2% to 228 units from 223 in May.

However, most of these transactions were concentrated in the suburbs, while sales of luxury homes continued to lag. /TISG

Read also: New home sales plummet in February 2024

Featured image by Depositphotos