The Straits Times - February 28, 2025
The Straits Times - February 28, 2025
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In this issue
February 28, 2025
Talks on S. China Sea Code of Conduct being ramped up: Asean sources
Talks between Asean and China to sign the long-delayed South China Sea Code of Conduct (COC) are ramping up, with differences closer to being ironed out than before.
6 mins
CDL's Sherman Kwek says source of discord lies with Kwek Leng Beng's adviser, Catherine Wu
Mr Sherman Kwek, group chief executive of City Developments Limited (CDL) and son of billionaire Kwek Leng Beng, said on Feb 27 that the underlying reason that led to the public fallout at the company was his father's adviser, Dr Catherine Wu.
3 mins
Workforce measures a good move, but some workers may need more help: MPs
Senior and lower-wage workers emerge as key groups of concern
4 mins
Singapore to press on with large-scale applied AI push: DPM Heng
Singapore will push on with applying artificial intelligence (AI) on a large scale in key sectors, as well as launch major research and development (R&D) programmes that cut across different fields in an effort to drive economic growth that creates good jobs.
3 mins
Revitalising spaces, reconnecting communities
The Singapore Land Authority's efforts to tap into the nation's pulse have transformed our classic buildings into vibrant community spaces that are must-visit destinations and online viral sensations
4 mins
MPs focus on support for workers, businesses and caregivers
They also suggest ways to encourage firms to decarbonise on day two of Budget debate
6 mins
Sherman Kwek, 6 board directors appoint lawyers
City Developments Limited (CDL) group chief executive Sherman Kwek and six board directors, called out by CDL executive chairman Kwek Leng Beng for an \"attempted coup\" to take control of the board, have appointed lawyers to represent them in court.
2 mins
New directors won't exercise powers till court's further notice: Kwek Leng Beng
The two new directors at City Developments Limited (CDL), who are at the centre of a disagreement between executive chairman Kwek Leng Beng and his son, group chief executive Sherman Kwek, have undertaken not to exercise any powers in their role until further notice by the Singapore court, Mr Kwek Leng Beng said.
2 mins
Things to know about Kwek family members in the business
Executive chairman of property giant City Developments Limited (CDL) Kwek Leng Beng, 84, has made public a rift with his son Sherman Kwek, 49, filing a lawsuit on Feb 26 to deal with the \"attempted coup\" of CDL's board.
3 mins
Most S'pore Motorists Have Obtained Vehicle Entry Permits, Tags: Vendor
But Some Still Holding Off as Malaysia Has Yet to Implement a Clear Enforcement Date
3 mins
Global Hacker Arrested in Thailand After Thai, Singapore Police Collaborate
A 39-year-old man believed to be responsible for at least 75 hacking cases across the globe was arrested in Thailand on Feb 26.
1 min
N. Korea behind $2b crypto theft, says FBI
The US Federal Bureau of Investigation (FBI) on Feb 26 accused North Korea of being behind the theft of US$1.5 billion (S$2.01 billion) worth of digital assets last week - the largest crypto heist in history.
1 min
Jeff Bezos announces restrictions on Washington Post opinion coverage
The Washington Post will no longer run views opposed to \"personal liberties and free markets\" on its opinion pages, owner Jeff Bezos announced on Feb 26, the billionaire's latest intervention in the major US paper's editorial operations.
1 min
Hamas Says It's Ready for Talks on Second Phase of Ceasefire
It Releases Bodies of Four Israeli Hostages in Final Exchange of Current Gaza Truce
3 mins
Ramadan bazaar set to draw large crowds to Geylang area
Large crowds are expected in the Geylang area till March 31, with the start of the Geylang Serai Ramadan bazaar, which will last till the end of the Muslim fasting month.
1 min
Pre-schoolers role-play to improve social, emotional skills
New approach trialled as studies show kids struggle to regulate emotions, manage outbursts
4 mins
'Express feeder' service 979X to serve Yew Tee from March 24
From March 24, residents living in Choa Chu Kang Crescent and Choa Chu Kang North 7, near Yew Tee MRT station, will be able to get to Bukit Panjang quicker with a new express bus service that will call at fewer stops.
1 min
World Aquatics, Masters Championships Expected to Draw 40,000 Visitors
Events in July-Aug estimated to bring in $60m in tourism receipts: Eric Chua
2 mins
Oil leak at S'pore coast guard base initially mistaken for water leak
Earlier in February, an auxiliary police officer spotted an oil leak at the Police Coast Guard's (PCG) Brani Regional Base, but took it for a water leak.
2 mins
Over 3 years' jail for ex-senior manager who cheated firm of more than $940,000
In need of money to fund his personal expenses, a senior manager at a semiconductor trading company cheated it of more than $940,000 in total after he issued fake documents.
3 mins
Woman gave others control of bank accounts to launder $220k in illicit funds
Funds include over $82,000 in scam proceeds traceable to 16 victims
3 mins
3 Men Charged With Fraud in Case Allegedly Linked to Nvidia Chips
Three men were charged with fraud on Feb 27 in a case allegedly linked to chipmaker Nvidia.
2 mins
Man who raped unconscious woman after hubby's invitation loses appeal
Conviction sound, says Court of Appeal; he has been sentenced to 13 years' jail and 12 strokes of the cane
2 mins
SMU law don, veteran lawyer to represent Singapore at Asean human rights body
Singapore Management University (SMU) law professor Eugene Tan and TSMP Law Corporation joint managing partner Stefanie Yuen Thio have been appointed to represent Singapore at the Asean Intergovernmental Commission on Human Rights (AICHR), said the Ministry of Foreign Affairs (MFA) on Feb 26.
1 min
Workers' Party's Gerald Giam on why politics is like sports
Whatever the result, both players should shake hands and be gracious, says MP
3 mins
Stay of execution granted for second death row inmate in Feb
Respite order for Singaporean came 2 days before he was scheduled to hang on Feb 26
3 mins
Singapore stocks rise 0.3% despite Yangzijiang's steep dive
Better sentiment on Wall Street overnight helps lift STI Yangzijiang down 9% despite posting earnings of $664.9m Banks close mixed: UOB and OCBC rise while DBS falls
1 min
BP slashes green investment in strategic return to oil
BP slashed planned investment in renewable energy and said on Feb 26 that it would increase annual oil and gas spending to US$10 billion (S$13.4 billion), in a major strategy shift aimed at boosting earnings and investor confidence.
2 mins
Nvidia's Q4 revenue up 78%, showing its AI boom is far from dead
When Nvidia lost US$600 billion (S$802.9 billion) in market value in a single day in January, it was because some investors feared for the future of the artificial intelligence (AI) chipmaker.
3 mins
Trump Says Mexico, Canada Tariffs to Kick In on March 4
US President Donald Trump said 25 per cent tariffs on Canada and Mexico are on track to kick in on March 4, and said he would impose an additional 10 per cent tax on Chinese imports.
1 min
YZJ Shipbuilding loses $3b in market value after shares sink for fourth straight day
Shares of mainboard-listed Yangzijiang Shipbuilding plunged for a fourth straight day as a US proposal to impose fees on Chinese-built vessels entering American ports continued to batter the stock.
2 mins
CapitaLand Investment Back in the Black with $148m Second-Half Profit
It has proposed a core dividend of 12 cents a share and special distribution of CICT units
2 mins
7-Eleven owner's shares plunge as family buyout fails
Seven & i Holdings' shares plunged after a proposed nine trillion yen (S$80.7 billion) management buyout led by the convenience store chain's founding family collapsed.
1 min
Sembcorp full-year profit up 7%; final dividend more than doubles
Sembcorp Industries reported a 7 per cent growth in net profit for its 2024 financial year on the back of higher earnings in its integrated urban solutions segment.
2 mins
Maybank to help smaller firms expand in Johor-Singapore SEZ
It will offer support in market access, account openings, advisory services
2 mins
Looking at Trump's America through fresh eyes
To understand how the US is changing under Trump, one must venture beyond Washington, DC, into the heartland where his policies become personal.
5 mins
Measles Outbreak in the US Was Entirely Avoidable
Low vaccination rates contributed to the re-emergence of a disease declared eradicated in the country 25 years ago.
4 mins
What's the difference between burnout and depression?
The differences between them become clearer when we look at why they happen.
3 mins
Quantum Navigation Could Transform How We Travel
This game-changing tech will one day redefine movement, exploration and connectivity in ways we are only just beginning to imagine.
4 mins
2nd chance Let's help those who wish to turn around lives
2nd chance
1 min
Replies Laundromat exhaust • HDB working with operator on mitigating measures
We refer to Ms Yvonne Sim's letter \"Bothered by exhaust from laundromat below my flat\" (Feb 10).
1 min
PLATINUM FORT IS HOLDING STRONG
Trainer Ricky Choi's runner looks forward enough to win on his racing debut in KL
3 mins
All eyes will be on Main Defender for the title
March 1 South Africa (Turffontein) form analysis
2 mins
World Boxing's validation 'critical' to sport's future
The International Olympic Committee (IOC) on Feb 26 granted provisional recognition to World Boxing in a major step towards the sport's inclusion in the Los Angeles 2028 Olympics.
2 mins
Girls Get Lion City Cup Spot In July
Under-16 event's debut at youth tournament part of FAS' commitment to women's game
2 mins
Amorim Will Clear Air With Subbed Garnacho
Ruben Amorim will speak to Alejandro Garnacho after the Manchester United winger made an abrupt exit following his controversial substitution in the 3-2 English Premier League win over Ipswich Town on Feb 26.
2 mins
Rowers' Drive Draws New Coach
Green wants to build on national team's potential and deliver SEA Games medal
3 mins
Forthright, funny and fast – goal-driven Hull lives life her way
A woman who lives life at a full, unafraid gallop is sitting still in a hallway at Sentosa Golf Club.
3 mins
Inspirational Woodland gets courage award
Former US Open champion Gary Woodland could not control his emotions when he was named the recipient of the PGA Tour Courage Award on Feb 26, for his return to full-time competition on the US-based circuit following brain surgery in 2023.
2 mins
Simpson Hopes to See More Female Caddies in Future
When a medical issue caused by a parasite halted Michelle Simpson's career as a professional golfer nearly two decades ago, she was handed a lifeline by LPGA Tour player Meredith Duncan, who asked if she was keen to be her caddie.
2 mins
3 More Rounds To Learn
Ex-US Open champ Kim tames vagaries of weather to lead; S'pore's Tan is 20th
3 mins
Glow Bros Men's grooming market booms
Shaping the male beauty scene are Allies Of Skin's Nicolas Travis and French pedicure master Bastien Gonzalez
5 mins
The Straits Times Newspaper Description:
Publisher: SPH Media Limited
Category: Newspaper
Language: English
Frequency: Daily
Unlock your access to award-winning journalism on Singapore and the world. With bureaus in major cities around the world, The Straits Times correspondents bring world news to readers on a Singapore platter, helping them appreciate world events from a Singaporean perspective.
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