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Opposition party calls for PM’s pay to be slashed by 70%

SINGAPORE: In a Facebook post on Sunday (June 9), Lim Tean, the secretary-general of the opposition party People’s Voice, wrote, “Singaporeans Want Their Country Back!”

Mr Lim shared a comment from a Facebook user, Mr Gene Hon, about a post he had made the day before. The post had a cartoon with the words, “The government does not care; we, the people, must help each other!”

However, Mr Hon made one point that Mr Lim disagrees with. While Mr Hon wrote that he was not “upset with the salaries of Ministers” and “we are a rich country,” Mr Lim characterised the salaries of PAP leaders as “astronomical”.

He also wrote that People’s Voice would cut the Prime Minister’s salary by 70 per cent “and adjust the other Ministers’ salaries accordingly.”

He also noted that even if the salary of the Prime Minister were reduced by 70 per cent, he would “still be the highest paid leader in the World! Now you realise how outrageous their salaries are!”

However, upon fact-checking, Mr Lim appears to be incorrect in stating this, as the salary of Hong Kong’s leader John Lee is higher than what PM Wong would earn if his salary were reduced by 70 per cent.

The post that Mr Hon commented on also quoted another comment from Mr Roger SS Lim, “imploring Singaporeans to vote for more caring people into Parliament.”

Mr Lim wrote about Singaporeans “feeling like strangers in our own land” but that it was not too late because there are “willing and capable people” who would champion others’ rights and concerns.

In response, Mr Hon echoed the need for “more vocal and capable opposition.” He focused on two specific areas to be addressed that would help citizens: health coverage and reducing public transport costs.

He also expressed that he would “like to see an ease on influx” of foreign talent and “to see more Singaporeans given a chance to live in our country.”

Moreover, he added that he wants to see the country’s reserves used toward education, transportation, and medical fees.

“I don’t need fountains and Number 1 status as we, Pure Singaporeans have many other needs especially a roof over our heads even Government HDB has risen to a point where we will struggle with the ridiculous cost for an HDB unit.

We need opposition ministers to keep helping our young,” he wrote. /TISG

Read also: Lim Tean’s trial finally underway after delays; he pleads ‘not guilty’

Job hiring optimism in Singapore declines for 3 consecutive quarters

SINGAPORE: Hiring optimism in Singapore has taken a hit for the year’s third quarter.

According to the latest quarterly employment outlook survey by recruitment firm ManpowerGroup, released on June 11, sentiment has declined for three consecutive quarters.

The Straits Times reported that the finance and real estate sectors, in particular, seem to be exercising caution amidst challenges like subdued growth and cost constraints.

Their net employment outlook dropped significantly: 45% (Q2) and 15% (Q3), indicating a decrease in the intention to hire new staff compared to those planning to downsize.

However, not all sectors are experiencing the same decline. The transport, logistics, and automotive sector stands out with a robust net outlook of 47%, marking a significant increase from the previous quarter and year-on-year.

This sector’s positivity has helped offset the downturn in sentiment.

Interestingly, Singapore’s communication services sector, including media and telecommunications, remains the only one with a negative outlook at negative 33%, worsening from the previous quarter at negative 29%.

The survey, which collected responses from 525 employers across nine sectors, paints a mixed picture for the upcoming quarter.

While the net employment outlook is 20%, indicating cautious optimism, the sentiment varies across different industries.

Certain sectors such as healthcare, life sciences, industrials, and materials show more positive hiring sentiments, with net employment outlooks of over 30%.

On the other hand, the information technology sector experienced a slight decline in its net employment outlook from 28% to 20%.

According to Ms Linda Teo, the country manager at ManpowerGroup Singapore, the decline in hiring sentiment can be attributed to companies’ strategic decisions to streamline operations, which may involve offshoring to reduce costs or bridge skill gaps.

Additionally, the rise of flexible working arrangements is prompting more companies to consider hiring remote workers to meet evolving job demands. The survey also analysed hiring plans based on employer size.

The employment outlook in organizations with 1,000 to 4,999 employees dropped from 44% in Q2 2024 to 6% in Q3 2024

On the contrary, small firms with 10 to 49 employees reported the strongest outlook of 46%, indicating a bullish hiring sentiment. Microorganizations with fewer than 10 employees reported an employment outlook of -13% in Q3 2024. /TISG

For additional information, the full report can be accessed here: ManpowerGroup Employment Outlook Survey Singapore

Read also: Singapore’s annual online hiring down 22% in February from “economic challenges”

Apple putting ChatGPT in Siri, launching new AI features called ‘Apple Intelligence’

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Apple is partnering with OpenAI to put ChatGPT into Siri and launching its own AI features called Apple Intelligence, the company announced at its Worldwide Developers Conference on Monday (June 10).

ChatGPT will be available for free in iOS 18 and macOS Sequoia later this year without an account. The popular chatbot will also be integrated into Apple’s writing tools.

Apple had been in discussions with both Google and OpenAI to incorporate their AI technology,  and ultimately chose OpenAl.

“We’re excited to partner with Apple to bring ChatGPT to their users in a new way,” said OpenAI CEO Sam Altman.

Apple confirmed that GPT-4o would be the model powering ChatGPT in Apple devices.

The new Siri will be able to function as an AI chatbot and receive written instructions. It will also be able to check emails, texts and photos to find specific information.

‘Apple Intelligence’

Apple also unveiled “Apple Intelligence”, its own suite of AI features.  Chief executive Tim Cooke said the move would bring Apple products to “new heights” as he opened the developers’ conference at Apple’s headquarters in Cupertino, California, on Monday .

“Apple Intelligence” is not a product or an app in its own right.

Instead, it will be part of every app and Apple product that customers use, there to help you in every way, from writing better to planning your itinerary.

In that sense, it is similar to Microsoft’s AI assistant Copilot – but you won’t have to pay extra to activate it.

The new tools mark a major shift for Apple, which has seen slowing global sales over the past year, while rivals have thrived on AI.

Microsoft  beat analysts’ expectations while the AI chipmaker Nvidia hit a $3 trillion valuation, overtaking Apple to become the world’s second most valuable public company.

Behind the scenes, however, Apple  has been building up its artificial intelligence capabilities. It has acquired several AI startups, diverted employees to work on artificial intelligence and is setting up an AI research lab n Zurich.

Apple may have been slow to launch an AI product because it wants to maintain its privacy-focused brand. Because AI relies on collecting large amounts of data to train language learning models, the company’s partnership with OpenAI has raised privacy concerns. Elon Musk said Apple devices would be banned from his companies if they included ChatGPT.

But Apple plans to usher in a “new standard for privacy in AI”, said Tim Cooke.

Craig Federighi, senior vice-president of software engineering at Apple, said the company built most pf the “Apple intelligence” features with its own technology.

Apple will also use a new hybrid cloud system called “private cloud compute” for greater security. The company said it aimed to complete most of the processing for AI tools on-device but would provide additional privacy measures for more complex computing that required the cloud.

Sources: BBC, The Guardian, The Verge

The post Apple putting ChatGPT in Siri, launching new AI features called ‘Apple Intelligence’ appeared first on The Independent News.

Trump’s search for a running mate narrows down

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Donald Trump’s search for a running mate is getting more rigorous with his campaign staff requesting documents from at least eight contenders, half of them senators.

The Trump camp is reportedly vetting the following Republicans: Senators Marco Rubio (Florida), J.D. Vance (Ohio), Tom Cotton (Arkansas), and Tim Scott (South Carolina); North Dakota Governor Doug Burgum; Representatives Elise Stefanik (New York) and Byron Donalds (Florida); and former housing secretary Ben Carson.

Trump has repeatedly talked about Rubio, Vance and Burgum in recent weeks, according to insiders.

However, he is in no hurry to name his choice.

‘We have some very good people’

Asked who his running mate would be, he told television host Dr Phil McGraw: “I can’t yet, but we have some very good people. I’m going to do it in the convention.”

He had also hinted earlier that he would announce his running mate at the Republican convention in Milwaukee, which is scheduled for July 15 to 19.

However, the list of candidates his campaign staff are reportedly vetting makes his priorities clear. They have two things in common: they all have experience in government and have remained loyal to Trump.

In a recent Newsmax interview, Trump said: “We have some unbelievable people (being considered].”

“I thought Tim Scott didn’t run as good of a race as he’s capable of running for himself, but as a surrogate for me, he’s unbelievable,” Trump said. “Governor Burgum from North Dakota has been incredible. Marco Rubio has been great. J.D. Vance has been great. We’ve had so many great people out there — Ben Carson.”

Vance, who organized a fundraiser in San Francisco and accompanied Trump to Arizona, said he had been asked by Trump’s staff if he was interested in the vice presidency but added: “I’ll let Donald Trump make that decision,” he said.

Trump is close to Burgum and has taken notice of his fundraising, said a Trump adviser.

 Rubio is liked by many of Trump’s Florida-based advisers, but Trump says  there is the “residency question”. Both Rubio and Trump are Florida residents, which could complicate matters with the electoral college.

Asked if he would accept an offer to be Trump’s vice president, Rubio replied, “That’s presumptuous. I’m not going to speculate on something that’s never happened.”

Meanwhile, a donor at a recent fundraiser appealed to Trump to pick his former rival  Nikki Haley, saying she would help with female voters.

“She’s a very disloyal person,”  said Trump. He complained that she backed Marco Rubio in 2016 and had been repeatedly disloyal. “You have to like the person you’re running with, and I don’t like her. I don’t like her,” he added.

Source: The Washington Post

The post Trump’s search for a running mate narrows down appeared first on The Independent News.

Trump interviewed with lawyer present, public defenders allege ‘special treatment’

Donald Trump was interviewed by New York probation officials in a video conference on Monday (June 10)  that led to accusations of special treatment.

Trump had to be interviewed prior to his sentencing on July 11 following his criminal conviction because the interview report would help the judge decide the proper punishment.

A jury convicted Trump of falsifying business records at his own company in an attempt to buy the silence of people who might have told embarrassing stories about him during the 2016 presidential campaign. One $130,000 payment went to the adult film actor Stormy Daniels, who claimed to have had a sexual encounter with Trump, which he denied.

Trump, who declined to testify at the trial, gave the video interview from his residence at  Mar-a-Lago club in Palm Beach, Florida, in the presence of his lawyer, Todd Blanche.

The interview ended after less than a half-hour of reportedly routine questions and answers.

New York’s public defenders criticized what they said were “special arrangements” for Trump and urged the probation department to “ensure that all New Yorkers, regardless of income, status, or class, receive the same pre-sentencing opportunities”.

“All people convicted of crimes should be allowed counsel in their probation interview, not just billionaires,” they said in a statement. “

People convicted of crimes in New York are usually interviewed by probation officials unaccompanied by their lawyers.

Judge allowed lawyer’s presence

But Judge Merchan said in a letter on Friday that he would allow Blanche’s presence.

Former New York Supreme Court Judge Diane Kiesel said Trump would have caused a disruption had he come to the probation office in New York City for the interview.

“The press would be all over the building and the Secret Service would have to be there, too,” she said. “It makes more sense to do it this way.”

Probation interviews are conducted to help judges determine proper punishment for a crime.

Pre-sentencing reports include information about nearly every aspect of a convict’s life, including where and when they were born, their marriages, criminal history and financial means.

Trump claims that the criminal case was brought to damage his bid to regain the White House.

A New York Times/Siena College poll found that Trump’s lead over President Joe Biden narrowed from three to one point following his criminal conviction.

Meanwhile,  New York police are reportedly planning to cancel Trump’s licence to carry a gun as a result of his conviction.

Sources: BBC, The Guardian

The post Trump interviewed with lawyer present, public defenders allege ‘special treatment’ appeared first on The Independent News.

Business sentiment up for 3Q 2024

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SINGAPORE: Business sentiment for the third quarter of the year is up, the Singapore Commercial Credit Bureau (SCCB) said on Monday (Jun 10).

This is the fourth quarter in a row, showing that local firms are more optimistic about business conditions.

The business optimism index rose from +4.82 percentage points in Q2 to +4.94 for the third quarter of the year. The numbers are also higher year-on-year, as the index was at +3.98 percentage points in the third quarter of 2023.

This is based on a survey conducted by the SCCB of 200 business owners and senior executives across major industry sectors every quarter.

The index tracks six indicators: sales volume, net profits, selling price, new orders, inventory levels, and employment levels.

Among these, three showed improvement in the third quarter: volume of sales (+5.93 percentage points from +3.70 percentage points), net profits (+5.93 percentage points from +4.44 percentage points), and investor levels (-1.48 percentage points from -2.99 percentage points).

The construction and transportation sectors show the most optimism in the coming quarter, with five out of six positive indicators.

The financial industries closely followed this, with four out of six indicators showing improvement.

Meanwhile, the wholesale sector was positive in three of the six indicators, improving over the past quarters. Similarly, the services sector also had three positive indicators.

The manufacturing sector, however, lagged somewhat behind, being positive in only two of the six indicators.

Similar to the year’s second quarter, indicators of sales volume, selling price, new orders, and employment level have remained expansionary.

Additionally, inventory levels decreased by -1.48 percentage points for the third quarter, compared to -2.99 percentage points in the second quarter of this year.

Sales volume, net profit, and employment levels have improved for the third quarter, though selling prices and new orders have moderated.

“Apart from continued growth in the transportation and construction sectors, the financial and services sectors are optimistic.

Externally oriented sectors such as the wholesale trade sector are also slightly more upbeat in the light of a pickup in external demand both regionally and globally.

Downside risks such as escalating geopolitical tensions and vulnerabilities will likely remain,” Business Times quotes SCCB chief executive Audrey Chia.

In March, the SCCB noted that business sentiment in Singapore was at its most optimistic since 2023. /TISG

Read also: SCCB: Business sentiment in Singapore at its most optimistic since 2023

Apple Vision Pro: Singaporeans will be the first outside the US to set their eyes on it in June!

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Apple has just announced the expansion of its highly anticipated Apple Vision Pro to new countries and regions, including Singapore. Pre-orders for the Apple Vision Pro in Singapore start on Friday, June 14, at 9 a.m. SGT.

The device will be available for purchase from Friday, June 28. Alongside Singapore, pre-orders are also opening up for mainland China, Hong Kong, and Japan on the same day.

Customers in Australia, Canada, France, Germany, and the United Kingdom will have to wait until June 28 at 8 pm SGT to place their pre-orders, with availability beginning Friday, July 12.

Apple Vision Pro is a significant step forward in spatial computing, seamlessly blending digital content with the physical world.

The innovative device is designed to transform how people work, collaborate, connect, and entertain themselves. Users can also expect powerful spatial experiences that bring a new level of immersion and interaction.

Apple’s CEO, Tim Cook, expressed his excitement about the global expansion of Vision Pro.

The enthusiasm for Apple Vision Pro has been extraordinary, and we are thrilled to introduce the magic of spatial computing to more customers around the world,” he said.

We can’t wait for more people to see the impossible become possible, whether working and collaborating with an infinite canvas for apps, reliving treasured memories in three dimensions, watching TV shows and movies in a one-of-a-kind personal cinema, or enjoying brand-new spatial experiences that defy imagination,” he added. /TISG

Read also: Apple’s upcoming AirPods 4 launch may be “the biggest yet”

“Good Partner” drama with Jang Na Ra and Nam Ji Hyun might glue you to the screen

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On June 11, KST, SBS unveiled the main poster for its upcoming Friday-Saturday drama, Good Partner, which will premiere on July 12.

The poster highlights the contrasting dynamics between star lawyer Cha Eun Kyung (Jang Na Ra) and rookie lawyer Han Yoo Ri (Nam Ji Hyun), teasing their intriguing ‘sweet and sour’ chemistry.

‘Good Partner’ depicts the realistic and direct struggles of divorce lawyers dealing with unexpected separations.

The drama explores the dilemmas and significant moments that arise during family dissolutions, focusing on the light-hearted struggles of divorce lawyers striving to make the best choices in challenging situations.

It promises to offer viewers empathy and catharsis.

Photo: Instagram/Jang Na Ra

Authentic and relatable story

The drama is penned by renowned divorce attorney Choi Yuna, raising expectations for an authentic and relatable legal office story. Acclaimed director Kim Ga Ram is at the helm, further heightening anticipation.

The synergy between the talented Jang Na Ra and Nam Ji Hyun is a major draw.

The main poster captures the solemn courtroom setting, emphasizing the contrast between the experienced and somewhat sharp Cha Eun Kyung and the idealistic and justice-driven Han Yoo Ri.

As they clash and collaborate, the drama showcases their growth through life-altering situations. Cha Eun Kyung, who prioritizes efficiency and company profits, faces significant changes through her interactions with Han Yoo Ri, who cannot stand injustice.

Their dynamic promises to be a highlight of the series, offering a refreshing and engaging ‘sweet and sour’ romance.

Premiering on July 12

Good Partner’ on SBS will debut on July 12 at 10 p.m. KST. Jang Na Ra is a celebrated South Korean singer and actress who has been a major star in South Korea and China since 2001.

She gained fame with her 2002 hit album “Sweet Dream” and successful TV dramas like “Successful Story of a Bright Girl” and “My Love Patzzi.”

Nam Ji Hyun, a talented South Korean actress, has impressed audiences with her versatility and ability to portray diverse characters.

She gained recognition for her roles in “East of Eden” (2008), “Queen Seondeok” (2009), and “Will It Snow for Christmas?” (2009).

Fifty cents extra charge for boneless chicken meat? — Diner complains

SINGAPORE: A man who bought a meal from Singabola Chicken Rice took to social media, claiming that when he asked that his order be changed to boneless meat, he was charged an additional 50 cents.

Fortunately, the issue appears to have been just a teething one at the new stall, and the owners have said he will be refunded if he comes back with his receipt.

“Normally for a change to boneless (鸡胸)doesn’t incur additional cost at other chicken rice stalls,” wrote Mr Shaun Koo on the Complaint Singapore Facebook page on Monday (June 10).

Singabola Chicken Rice is a new business venture from actor Peter Yu and online influencer Simon Khung. The duo’s business partner for the stall is Winson Ng.

Mr Koo, however, was unhappy with his recent transaction at Singabola Chicken Rice at Lepak One Corner in Canberra. “Here charge 50 cents extra. Win liao lor,” he wrote.

He added that his bill for the chicken rice totalled S$6. Breaking this down, he paid S$4.50 for the chicken rice, S$0.50 for the change to boneless meat, and S$1.00 for an egg.

Adding sad and sweaty emojis to make his points, Mr Koo added two more observations, writing, “Anyway the lunch hour crowd at Lepak One Corner is very scarce. Whole place is like a furnace (very hot).”

FB screengrab/Complaint Singapore

While many expressed surprise at the additional charge for boneless meat, one commenter on Mr Koo’s post said that not all stalls sell boneless meat so the additional fifty cents is “reasonable.”

Others, however, answered that the practice of deboning chicken upon request is common, and stalls can use the bones in making chicken broth.

Mr Khung, Mr Ng and Mr Yu opened Singabola Chicken Rice earlier this month, celebrating the occasion with guests from the entertainment industry, such as director Jack Neo.

The stall has received good reviews online so far, with diners especially praising its “most unique Chicken Rice Ball” that contains egg and chicken.

Mr Ng has spoken up on the issue, telling AsiaOne that it was a misunderstanding based on a mistake in its point of sale (POS) system.

He said Singabola Chicken Rice does not charge an additional fee for breast meat, which “is supposed to be entered into the POS system just as a note.”

The error is on its way to being rectified, and Mr Ng has also said that if Mr Koo should return, he will receive a refund. The Independent Singapore has contacted Mr Koo and Mr Khung for additional comments or updates. /TISG

Read also: UK model “a little underwhelmed” by chicken rice, but loved nyonya kueh

Singapore to demand more information from family offices and hedge funds to better monitor the influx of foreign wealth

SINGAPORE: Singapore authorities are intensifying scrutiny of family offices and hedge funds and closing dormant firms in response to a series of scandals that have revealed weaknesses in the financial system.

According to The Edge Malaysia, since March, the government has accelerated efforts to tighten investment regulations.

Agencies have rolled out new requirements for firms to meet in the coming months and are stepping up efforts to remove inactive corporate entities, according to sources familiar with the matter.

Family offices with tax exemptions received new forms in May requesting more detailed information. The submission deadline was the end of June.

In March, the Monetary Authority of Singapore (MAS) announced it would abolish a licensing regime used by hedge funds with assets up to US$250 million (approx. S$338 million) by Aug 1.

These funds will transition to stricter reporting requirements.

These measures come as Singapore faces challenges in monitoring the influx of foreign wealth, which has been highlighted by recent criminal cases.

At least one individual involved in a recent S$3 billion money laundering case was linked to tax-exempt family offices. According to Richard Crowley, assistant professor of accounting at Singapore Management University:

Having more (and ideally more varied) data helps with potentially detecting undesirable activity earlier, which can help to minimise any loss of economic impact or reputation that illegal activity may cause.” 

The MAS now requires family offices with tax exemptions to submit annual forms confirming that their beneficial owners, directors, representatives, and shareholders have no history of money laundering or terrorist financing offences.

These firms must also verify that their assets comply with domestic capital control regulations and that they are not facing regulatory actions from any authority worldwide.

Additionally, family offices must maintain accounts with private banks in Singapore and provide citizenship and country of birth details for their ultimate beneficiaries and relevant staff members, according to the forms, which are due by June 30 for many firms.

A MAS spokesperson stated in December that the agency would enhance its processes to expand due diligence checks and swiftly remove incentives from firms engaged in adverse activities.

“The updated annual declaration forms form part of the enhancements,” the spokesperson said, adding that further implementation details and the regulator’s response to industry feedback would be published later this year.

MAS has also broadened its tax incentive process by expanding due diligence checks to include a wider range of individuals and entities and has appointed a panel to screen applicants for money laundering and terrorism financing risks.

It noted that family offices linked to individuals facing charges no longer enjoy tax incentives.

In a related move, MAS announced last October plans to eliminate the Registered Fund Management Company (RFMC) licence category, which many hedge funds have used since 2012.

These funds will transition to the stricter Licensed Fund Management Companies (LFMC) regime by August.

“RFMCs have similar admission criteria and business conduct requirements as LFMCs,” MAS said. “However, RFMCs are subject to lighter requirements in terms of the frequency and granularity of regulatory reporting.”

Simultaneously, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) has been contacting directors of some inactive companies to shut them down, according to sources.

Although ACRA has previously removed such firms, industry experts say the current scale of these actions is unprecedented.

An ACRA spokesperson noted that 17,000 inactive companies were struck off the register in the five years ending 2023, and efforts have intensified since then.

“ACRA has been stepping up efforts to strike off inactive companies,” the spokesperson said, defining these as firms believed to no longer be conducting business.

“This is part of ACRA’s ongoing efforts to reduce the risks of inactive companies being misused for illicit purposes,” the spokesperson added.

These combined efforts, along with plans to tighten rules for corporate service providers, are expected to increase costs for smaller firms operating in Singapore.

However, service providers, who requested anonymity due to client confidentiality, acknowledged that these measures would enhance the quality of data submitted to authorities and close loopholes that have allowed low-quality firms to operate in the city-state. /TISG

Featured image by Depositphotos