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More than 500 Covid-19 patients here who have recovered are part of an ongoing study to monitor the long-term effects of infection. The effort, which will continue for up to two years, is helmed by the National Centre for Infectious Diseases (NCID). Numerous studies worldwide have found that the disease can wreak havoc on almost every organ, including the kidneys, […]
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OTTAWA (Reuters) – Canada is eyeing issuing longer-term debt to take advantage of low interest rates, and expects servicing costs to be lower this fiscal year than was forecast last year despite the billions in emergency spending due to COVID-19, a government source said. Canadian Finance Minister Bill Morneau will deliver a “fiscal snapshot” on Wednesday that will outline the […]
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WASHINGTON (Reuters) – The Group of 20 major economies should extend a freeze on official bilateral debt payments by the world’s poorest countries through 2021, and permanently reduce the debt load of some of the most heavily indebted ones, World Bank President David Malpass said on Wednesday. Merely delaying debt payments would not solve the problems of countries that were […]
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SINGAPORE – City Harvest Church has filed a police report after a doctored photo of its founder Kong Hee wearing a People’s Action Party (PAP) polo T-shirt was circulated online. In a note to members on Wednesday (July 8), the church said it was aware of the doctored photograph being circulated on social media, which had the 55-year-old wearing a […]
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DUBLIN (Reuters) – The coronavirus pandemic is likely to significantly reduce global foreign direct investment flows into 2021, creating a “very challenging” 24 months for a key part of Ireland’s economy, the state foreign investment agency said on Wednesday. IDA Ireland said it had secured 132 investments with the potential to create 9,600 jobs so far this year, down from […]
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BANGKOK (REUTERS) – Thailand’s Cabinet on Wednesday (July 8) approved a budget of up to 100 billion baht (S$4.46 billion) for projects aimed at reviving an economy hit by the coronavirus outbreak, the Prime Minister said. The projects will mainly support households and farmers as well as provide jobs, Mr Prayut Chan-o-cha told a briefing. “This is the first phase […]
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SINGAPORE – The Law Society has warned of fraudsters targeting law firms in a scheme to steal funds through online transfers away from the intended recipients. Citing two cases recently, the Society urged clients to check with their legal firms before acting on payment requests online. “The Law Society has recently received a number of reports from law practices relating […]
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LONDON (Reuters) – Major developed economies face a surge in debt as the coronavirus crisis sparks massive fiscal stimulus, but they have time to get their houses in order, Barclays said on Wednesday. In a new report on debt in developed markets, the British bank added that policymakers won’t be able to ignore worsening fiscal profiles for long. The ratio […]
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SINGAPORE – Dr Jeremy Ng, Singapore General Hospital’s (SGH) head of general surgery, died on Saturday (July 4) aged 48. Colleagues, friends and former patients have offered heartfelt tributes. Dr Ng was said to have died of cardiac arrest. It is understood that he collapsed after he went jogging at East Coast Park on Saturday. He leaves behind his wife […]
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PUTRAJAYA (THE STAR/ASIA NEWS NETWORK) – Malaysia’s annual National Day parade will not be held this year due to the Covid-19 pandemic, said Senior Minister for Security Ismail Sabri Yaakob. However, other programmes related to the celebration on Aug 31 may be held with standard operating procedures (SOPs) in place, he added. “For now, there will be no parade. We have […]
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