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S$188 or S$300 for ang bao? — SG couple fight over amount to give their friend’s wedding at Fullerton Hotel

SINGAPORE: A Singaporean couple who received an invitation to attend their friend’s wedding at the prestigious Fullerton Hotel found themselves in a heated discussion over the amount they should put in the ang bao.

In a post shared on r/askSingapore on Sunday (June 30), the woman recounted how, about a month before the wedding, she casually asked her husband how much he intended to give as a gift.

To her surprise, he suggested $300. “That’s too much for an ang bao, if the both of us go, that will be $600… enough for a whole Bali trip,” she wrote. 

“My firm stance and belief is $188. That’s the most I’m willing to pay for a wedding. Honestly, I think I’m quite generous already.”

She argued that if the couple chose to have their wedding at such an extravagant location, they should be prepared to absorb the extra costs.

She questioned why guests should be expected to foot the bill for the hosts’ decision to have a luxurious celebration.

She also mentioned that she and her husband opted out of a traditional wedding because they thought it was expensive. 

But, seeing how people who have weddings “have no shame in inviting people and expect them to pay their share of the wedding,” she now wonders if they should have had one after all.

She then asked the online Reddit community, “What are your thoughts? Do y’all pay market price when you go for weddings or pay how much you can afford?”

“Me and my wife have set up a rule of attending as 1 pax unless it’s really close friends”

In the comments section, most Redditors agreed that the amount of ang bao they give depends mainly on their relationship with the couple.

For close friends or relatives, they tend to give above the typical market rate.

For instance, one Redditor who recently attended her cousin’s wedding at The Fullerton Hotel shared that he gave S$888 as a token. 

When it comes to friends who aren’t as close, many said they give slightly less than what’s typically suggested on wedding websites.

Some admitted to sticking to a fixed amount below S$200, regardless of the recommended range.

However, for acquaintances, workmates, or relatives they’re not that fond of, many said they’d rather skip the wedding altogether. 

One Redditor stated, “I reject all invitations from friends who never even bothered to keep in contact. 

Don’t feel bad, not like you’re going to invite them for your own wedding. That way no one owes anyone and no one feels obliged to reciprocate.”

Moreover, others disclosed that they refrain from bringing a plus one for lavish wedding celebrations unless both partners had a personal relationship with the bride and groom beforehand.

One Redditor commented, “Me and my wife have set up a rule of attending as 1 pax unless it’s really close friends/family members we meet regularly.”

Some also advised the woman not to argue with her husband over the ang bao amount.

They suggested that if they can’t agree on how much to give, it might be better for her to consider skipping the wedding altogether.

One Redditor said: “Unless the wedding is less than a month away, I don’t think there’s any issue in letting the couple know only your husband will be going and to remove you from the guest list because you have last minute commitments.

All weddings will have late guest list changes and they should be prepared for that.”


Featured image: Depositphotos

Read also: Man asks if he should attend his colleague’s wedding in Singapore hotel because the ang bao price is $300

SIA chief gets over 20% pay bump after record annual profit; S$8.11 million salary jump

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SINGAPORE: Last year’s record annual profit for Singapore Airlines meant that its Chief Executive Officer Goh Choon Phong received a salary of S$8.11 million.

Since he earned S$6.73 million the previous year, his pay increased by around 20.5 per cent, thanks to a post-pandemic travel boom.

Mr Goh, who has served on SIA’s board for the past 14 years, has a base salary of S$1.44 million, up from S$1.1 million two years ago.

The bulk of his salary comes from bonuses of S$2.18 million, plus shares and benefits of around S$4.48 million.

The company released its annual report on Monday (July 1).

Singapore Airlines’ annual net profit for the fiscal year 2023-2024 is S$2.68 billion, compared to S$2.16 billion in the previous year.

Revenues for the fiscal year that ended in March went up by 7 per cent to S$19.01 billion, as demand for air travel stayed high throughout the year.

The cargo business has also been strong, and flights have consistently been full. SIA declared a final dividend of S$0.38, up from S$0.28 last year. SIA’s shares closed at S$6.88 on July 1.

In May, the carrier announced it rewarded its staff with eight months salary bonus due to a net profit increase of 24 per cent year-on-year.

This is the second consecutive year SIA has seen record-breaking annual profit.

The bonus is the highest ever, with a previous profit-sharing bonus equal to 6.65 months’ pay, alongside a maximum of 1.5 months’ salary as an ex gratia bonus connected to the pandemic.

“The Singapore Airlines Group achieved a significant milestone in FY2023/24, posting a second consecutive year of record revenues, operating profits, net profits, and load factors.

This was on the back of the robust demand for air travel, which came as the impact of the Covid-19 pandemic abated and key markets in North Asia fully reopened their borders,” said SIA Chairman Peter Sia in the company’s Annual Report.

However, he noted in the letter to the shareholders that while it has been a banner year for the carrier, SIA “had a poignant reminder of the unpredictable nature of the airline business.”

In May, flight SQ321 made an emergency landing in Bangkok due to a sudden and severe incident of turbulence that left one dead and dozens of others injured.

Mr Seah reiterated SIA’s commitment to supporting the injured crew and passengers and fully cooperating with investigations. /TISG

Read also: SIA to reward staff with 8 months salary bonus as net profit soars 24% YoY

The Midnight Romance in Hagwon: Emotional farewell during final filming with Jung Ryeo Won and Wi Ha Joon

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The cast of “The Midnight Romance In Hagwon” has bid farewell to the drama in a newly released behind-the-scenes video.

Directed by Ahn Pan Seok of “Something in the Rain” fame, tvN’s “The Midnight Romance in Hagwon” is a love story set in Daechi, a neighborhood renowned for its dense concentration of private educational institutions in Korea.

The drama concluded on June 30, achieving its highest ratings during the entire run.

Reminiscing a scene

The video showcases the final day of filming, featuring Jung Ryeo Won, who plays Seo Hye Jin, and Wi Ha Joon, who portrays Lee Jun Ho.

They turn on a self-camera and reminisce in a classroom where their characters’ romance first blossomed. They remember from their first shot two months ago, hiding in this very classroom.

When Jung Ryeo Won asks Wi Ha Joon about his feelings on the last day of filming, he expresses sadness at how quickly it ended. Jung Ryeo Won agrees, saying it ended too soon.

After the final shoot, the actors received flower bouquets, and tears started to flow on set.

In separate interviews, Jung Ryeo Won reflects, “I’ve always felt mixed emotions at the end of filming, but this project flew by, leaving a bittersweet feeling.”

She adds, “Knowing this time won’t return, I’ll likely have strong lingering emotions.”

Feeling sad and sorrowful

Wi Ha Joon shares a similar sentiment: “Despite extensive filming and dialogue over 16 episodes, it ended swiftly. I was just getting into the groove, but now that it’s over, I feel quite sad and sorrowful.”

Wi Ha Joon is a rising South Korean actor gaining international recognition. He is known for his breakout role as Hwang Jun-ho in the global hit “Squid Game” (2021).

Jung Ryeo Won is a successful South Korean actress with a background in music. She started her career in the girl group Chakra before transitioning to acting after the group’s disbandment.

Singapore stocks rose on Tuesday—STI increased by 0.2%

SINGAPORE: Singapore stocks rose on Tuesday, July 2, influenced by overnight gains in the US and European markets.

The Straits Times Index (STI) increased by 6.37 points or 0.2%, reaching 3,344.94 by 9:01 am, The Business Times reports.

In the broader market, 72 stocks rose, and 36 fell, with 44.1 million securities worth S$62 million traded.

Thai Beverage was the most actively traded stock, falling by S$0.005 or 1.1% to S$0.44, with 13.8 million shares exchanged.

In contrast, Yoma Strategic saw a rise of S$0.003 or 2.3% to S$0.136, while Genting Singapore increased by S$0.005 or 0.6% to S$0.85.

Local banks had mixed performances at the opening. United Overseas Bank (UOB) dropped by S$0.08 or 0.3% to S$31.22.

Conversely, DBS Bank increased by S$0.15 or 0.4% to S$36.27, and Oversea-Chinese Banking Corporation (OCBC) rose by S$0.01 or 0.1% to S$14.51.

Wall Street indices ended Monday on a positive note, ignoring a rise in US Treasury yields, which analysts linked to changing election expectations.

The Nasdaq reached a new record, rising by 0.8% to 17,879.3, driven by tech stocks.

The Dow Jones Industrial Average went up by 0.1% to 39,169.52, while the broad-based S&P 500 climbed by 0.3% to 5,475.09.

In Europe, stocks closed higher on Monday, led by French shares after the far-right National Rally party made significant gains in the first round of parliamentary elections.

This helped the Stoxx 600 index end a four-session losing streak, closing 0.3% higher at 513.04. /TISG

Read also: Singapore shares edge lower on Monday—STI down by 0.1%

Featured image by Depositphotos

Best man for the job? Who could possibly replace Joe Biden among the Democratic Party candidates

Joe Biden

The recent presidential debate didn’t go down well with many a Democrat as well as Joe Biden supporters in general, the feeling is that all is not well in the Democratic camp.

After his somewhat disastrous performance at the debate, rumour has it that there is a possibility that he will step down as the presidential candidate although there is no precedent for this. Biden will only become the party’s official candidate when he is endorsed at the 2024 Democratic National Convention in Chicago which takes place between August 19 and 22.

Although there is no formal mechanism to replace him, he can choose to step aside and allow the delegates in the primaries to vote to nominate a candidate at the Chicago convention.

According to a Date for Progress flash poll, only 51% of Democrats think Biden should remain the party’s candidate.

Although there is no clear contender, here are some possibilities as to who could replace him:

Gavin Newsom

The popular governor from the state of California, won a lot of accolades for his debate with Florida governor Ron DeSantis last year.

However Newsom signed a budget on Saturday to close an estimated $46.8 billion deficit through $16 billion in spending cuts, raising taxes on some businesses.

Thank to careful stewardship of the budget over the past few years, we’re able to meet this moment while protecting our progress on housing, homelessness, education, health care nad other priorities that matter deeply to Californians,” said the governor.

These deficits however may not be a good thing for Newsom as he builds his national profile as a contender for the country’s top post.

JB Pritzker

Another front runner for the presidential candidate is JB Pritzker. The governor of Illinois is also one of the wealthiest politicans among the contenders. His wealth comes from running the Hyatt Hotels Corporation which has been part of the family business.

Gaining popularity for his strong stand on gun control and being a pro choice advocate, he is well known for his heated debates with Ron DeSantis and Texas governor Greg Abbott.

Gretchen Whitmer

The Michigan governor is also on the shortlist as a possible presidential candidate. Her mandate has always been stricter gun control, changing abortion laws and backing universal preschool.

During the pandemic, Whitmer drew some flak for her strict restrictions and social distancing policies which were thought to be overly rigid by many Americans. She later became the center of a kidnapping plot by militia which was foiled.

In a CBS report Whitmer told reporters that the difference between Donald Trump and Joe Biden could not be clearer. While Biden’s focus was on lowering families costs and building an economy that works for the working people as well as restoring reproductive freedom for women, Trump is a convicted felon whose focus is only on himself.

Kamala Harris

Although Harris seems like the obvious pick seeing as she is vice president to the current administration, Harris has poor polling approval and there are suggestions that she will not do well if she were to stand against Donald Trump. But that does not rule her out as a possible choice for Democrats. Additionally if Biden resigns right now, Harris is automatically president.

The post Best man for the job? Who could possibly replace Joe Biden among the Democratic Party candidates appeared first on The Independent News.

Biden family raps president’s advisers for poor debate performance

Joe Biden

US President Joe Biden’s family members privately criticised his top campaign advisers for his poor performance at the CNN debate with Republican challenger Donald Trump on Thursday (June 27). The family, meeting at Camp David during the weekend, wanted the advisers to be fired or demoted.

However, Biden is not expected to fire or demote anyone immediately.

The Biden family urged the president to continue his campaign. First Lady Jill Biden and his son, Hunter Biden, were the loudest voices urging the president to carry on.

Top Democrats reject calls to replace him

Top Democrats also rejected calls to replace him after the debate, which was watched by 52 million and ignited calls for him to quit the race.

A CBS/YouGov national survey conducted after the debate found that 72% of the voters and nearly half his own party do not believe Biden has the mental or cognitive health to serve as president.

Forty-nine per cent of the voters also do not believe that former president Trump has the mental or cognitive ability to be commander-in-chief again.

The Biden family complained that the president was not coached to be more aggressive, that he got bogged down in defending his record rather than outlining his vision for a second term, and that he was overworked and not well-rested.

Biden acknowledged he had not performed well at the debate. The next day, at a campaign rally in Raleigh, North Carolina, he said, “I don’t debate as well as I used to,”

The family blamed, among others, Anita Dunn, the senior adviser close to the president; her husband, Bob Bauer, the president’s attorney who played Trump in rehearsals at Camp David; and Ron Klain, the former chief of staff who played a key role in preparations for the debate.

However, Biden campaign spokesperson Kevin Munoz said: “The aides who prepped the President have been with him for years, often decades, seeing him through victories and challenges. He maintains strong confidence in them.”

Biden allies and staffers have said the president was ill and over-prepared and that the CNN moderators failed to fact-check Trump.

Top Democrats on Sunday (June 30) ruled out the possibility of replacing President Joe Biden as the Democratic nominee.

Senator Raphael Warnock of Georgia, one of several Democrats seen as a possible replacement for Biden, said the president should stay in the race.

Senator Chris Coons of Delaware, a leading Biden surrogate, also wanted Biden to carry on.

“I think he’s the only Democrat who can beat Donald Trump,” Coons said.

Source: Politico, Reuters, USA Today

The post Biden family raps president’s advisers for poor debate performance appeared first on The Independent News.

Home prices rise for 4th consecutive quarter despite slower sales

SINGAPORE: The price of homes in Singapore went up for the fourth consecutive quarter despite sales slowing down.

Preliminary figures released by the Urban Redevelopment Authority on Monday (July 1) show, however, that while the overall private residential property price index rose by 1.4 per cent in the first quarter of the year, its increase had moderated slightly, at only 1.1 per cent for the second quarter of 2024.

Perhaps more significantly, the quarterly average price increase of 1.3 per cent in the first half of 2024 is lower than the quarterly average price increase of 1.7 per cent in 2023 and 2.1 per cent in 2022.

The URA said that the Government will release a total supply of 11,110 private residential units throughout the year through the Government Land Sales Programme to continue to cater to housing demand and maintain market stability.

This is the highest number of private residential units since 2013.

On June 25, the Ministry of National Development said in a statement that the Government Land Sales Programme for the second half of 2024 will yield about 8,140 private residential units, 113,650 sqm gross floor area of commercial space, and 530 hotel rooms.

The MND said in its announcement that the housing market has shown signs of stabilization, and that price momentum has eased, but added that the government is set to keep on catering to housing demand and maintain market stability.

“The Government will continue to release a steady supply of private residential units over the next few years, with supply calibrated to account for prevailing economic and property market conditions,” said the ministry.

It added that the supply is from a good mix of sites across different geographical regions, offering various housing options to meet different needs and preferences.

Read also: Housing supply for 2nd half of 2024 to see big increase as market stabilizes

Bloomberg noted that continued price gains over the past four quarters reflect local spending power “despite a broader slowdown in sales in a market that boomed through the pandemic.”

Over the past few years, Singapore’s red-hot property market has caused the government to impose several curbs, including additional stamp duties of 60 per cent for non-Singaporean residential property buyers.

Before April 27, 2023, they only needed to pay 30 per cent ABSD.

Singapore is the third most expensive city globally in which to own property, according to a report from Swiss private banking corporation Julius Baer released last week. /TISG

Featured image: Depositphotos

Read also: HDB resale prices rose 2.1% in Q2 amid strong demand and supply constraints

China AI startups target Singapore as prime destination for global expansion

SINGAPORE: China artificial intelligence startups that are looking to expand their horizons have been coming to Singapore for a number of reasons, including making themselves available to companies from across the globe as well as the accessibility of related technologies, reported Bloomberg on Monday (July 1).

Several AI startups have moved to the Little Red Dot largely due to trade sanctions from the United States that hindered their access to up-to-date, and therefore, much-needed, technologies.

Setting up shop in Singapore also allows these startups to distance themselves from their country of origin, a strategy known as “Singapore-washing.”

The tactic makes the companies more acceptable to the regulators of countries opposed to China, including the US, Bloomberg added.

Another important factor that has driven start-ups to Singapore is the availability of funding, which some companies have said is quickly diminishing in China.

However, the companies’ largest motivation may be related to their survival.

Due to their need for cutting-edge chips to train their systems, AI companies’ products are not up to speed when access to these chips is denied or restricted.

The United States has disallowed the sale of the most sophisticated chips and other technologies to China, so they cannot be utilized in the military.

In Singapore, China AI startups can access Nvidia Corp.’s latest chips. The company, which touts itself as the “World Leader in Artificial Intelligence Computing,” has been on the rise and was, for a brief time last month, the world’s most valuable company, overtaking Apple and Microsoft.

At present, Nvidia rules the data centre market with its accelerator chips and has seen unsurpassed financial gains in the wake of the AI boom.

“It’s Nvidia’s market; we’re all just trading in it,” said Steve Sosnick, Interactive Brokers’ chief market strategist, in June.

Read also: Nvidia becomes the most valuable company in the world, surpassing Apple and even Microsoft

Singapore has pushed to enhance the country’s artificial intelligence capabilities.

Earlier this year, as part of the initiatives to invest in the future, then-Deputy Prime Minister Lawrence Wong announced that Singapore will put more than S$1 billion over the next five years into National AI 2.0.

“Part of the investment will be used to ensure that Singapore can secure access to the advanced chips that are so crucial to AI development and deployment,” he said in February. /TISG


Featured image: Depositphotos

Read also: SuperAI’s global debut in Singapore: Asia’s premier Artificial Intelligence conference

S$202 million GCB sales for first half of 2024

SINGAPORE: There were nine Good Class Bungalow transactions in the first half of 2024, for a total of S$202 million.

While there had been the same number of transactions in the second half of 2023, H1 2024’s total was up by eight per cent.

However, the Singapore Business Review quoted the real estate portal PropNex as saying that the actual volume of GCB units sold in the first half of the year may be “a tad higher” because a number of deals may not have been caveated.

Good-class bungalows are the most exclusive landed homes in Singapore.

They are significant symbols of prestige and wealth in the country and can be found in neighbourhoods for the rich, such as  Bukit Timah, Nassim, Tanglin, and Sentosa Cove.

A GCB on Gallop Road, which went for S$42.5 million, and another at Bin Tong Park, with a price tag of S$84 million, are among these.

SBR further said that a GCB on Ford Avenue was the top deal for the quarter, as it was sold in March for S$39.5 million, or $2,020 per square foot of land area.

Read also: Only 20 Good Class Bungalows sold last year as transactions plunged by almost 60%

There were only 20 GCBs that were sold for the entirety of 2023, showing that transactions had plunged by 58.3 per cent year-on-year.

Amid economic uncertainty, the total value of transacted GCBs also fell by 47.9 per cent year-on-year, for a total of S$727.2 million.

Three of these transactions were for bungalows located at 42, 42A, and 42B Nassim Road in District 10.

The homes fetched a price tag of S$206.7 million, with the buyer reportedly being a rich Indonesian family who initially remained unnamed in reports. They were later revealed to be the Fangiono family.

In May, rental prices for GCBs decreased from S$100,000 to S$65,000 a month due to a slump in the premium housing market.

EdgeProp Singapore reported Jacqueline Wong, executive director of Hardington Private, a niche consultancy for ultra-high-net-worth individuals and family offices, as saying:

“Some GCBs listed at monthly rents of S$100,000 before have now been marked down to about S$65,000 a month.”

The lower rental prices reflect a bigger picture within the premium housing sector, with property owners adjusting their rental valuations to adapt to changing market conditions. /TISG

Read also: Good Class Bungalows S$100K/month rent slashed to S$65K/month as premium housing market sees slump

Moon Ga Young, True Beauty star, signs exclusive contract with new agency

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Actress Moon Ga Young, known for her roles in K-dramas like True Beauty and Link: Eat, Love, Kill, has recently signed with the newly formed agency PEAK J, becoming their first artist.

Starting her career as a child actress, Moon Ga Young’s addition marks a significant milestone for the agency. On July 1, PEAK J announced Moon Ga Young’s exclusive contract.

CEO Shin Hyo Jung expressed the agency’s commitment to professionalism and dedicated management, aiming for a long-term partnership with the actress.

Photo: Instagram/Moon Ga Young

Started her career as a child

Moon Ga Young, a German-born South Korean actress and model, started her career in 2005 as a child model and debuted as a child actress in the 2006 film Bloody Reunion.

She gained widespread recognition for her roles in popular TV series such as Heartstrings, EXO Next Door, Tempted, Welcome to Waikiki 2, True Beauty, and Link: Eat, Love, Kill, among others, captivating audiences worldwide.

In the film True Beauty, Moon Ga Young plays Lim Ju Gyeong, a high school student teased because of her appearance. Determined to change her situation, she learns makeup skills through online tutorials.

Her life changes dramatically when she transfers to a new school, becoming involved in a complicated love triangle with Lee Su Ho (Cha Eun Woo) and Han Seo Jun (Hwang In Yeop), former best friends who drifted apart after a tragic incident.

Based on webtoon

The drama, based on the popular webtoon by Yaongyi, gained immense international popularity.

Fans eagerly anticipated the adaptation and were pleased with the faithful depiction, with the cast closely resembling the webtoon characters.

The series addresses various realistic situations South Koreans face, balancing seriousness and humour.

The lead actors deliver outstanding performances, authentically portraying their vulnerabilities and deeply resonating with the audience.