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Daily Debrief: What Happened Today (Aug 11)

Daily Debrief: What Happened Today (Aug 11)

Business Times12 hours ago
Stories you might have missed
Singapore retail workers will get progressive wage model hike of at least S$130 from September
The Tripartite Cluster for Retail industry's recommendation aims to raise wages, strengthen career progression and support skills upgrading for resident retail workers.
S$1.4 billion sale of M1's telco business to Simba 'important' despite S$222 million accounting loss: Keppel CEO
Loh Chin Hua says possibility of special dividend to be decided later; sees benefits in retaining M1's ICT business.
Hyflux founder, ex-CEO Olivia Lum was determined to win Tuaspring bid, prosecution says
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She also wanted to cement its status as a global leader in the industry.
Time to raise income ceilings for buyers of new HDB and EC units, and have bi-annual fixed increases
Might a higher income ceiling to buy public housing be announced in this year's National Day Rally?
More Singapore companies charmed by US listings, but post-IPO trail not a pretty sight
The majority are trading below their initial listing price, with the largest loss nearing 90%.
PM Wong to deliver National Day Rally speech on Aug 17
He will touch on 'new strategies' to navigate Singapore through a fragmented world.
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While You Were Sleeping: 5 stories you might have missed, Aug 12, 2025
While You Were Sleeping: 5 stories you might have missed, Aug 12, 2025

Straits Times

time27 minutes ago

  • Straits Times

While You Were Sleeping: 5 stories you might have missed, Aug 12, 2025

Sign up now: Get ST's newsletters delivered to your inbox Containers are seen at the port in Qingdao, in China's eastern Shandong province on Aug 11, 2025. Trump signs order extending China tariff truce by 90 days US President Donald Trump has signed an executive order extending a tariff truce with China by another 90 days, a White House official said on Aug 11 with only hours to go before US tariffs on Chinese goods were due to snap back to triple-digit rates. The order followed a noncommittal answer by Mr Trump to reporters as to whether he would extend the lower tariff rates a day after he urged Beijing to quadruple its purchases of US soybeans. A tariff truce between Beijing and Washington was set to expire on Aug 12 at 12.01am Eastern time (12pm in Singapore). The order prevents US tariffs on Chinese goods from shooting up to 145 per cent, with Chinese tariffs on US goods set to hit 125 per cent, rates that would have resulted in a virtual trade embargo. 'We'll see what happens,' Mr Trump told a press conference, when asked how he planned to extend the deadline. 'They've been dealing quite nicely. The relationship is very good with President Xi (Jinping) and myself.' READ MORE HERE Trump open to Nvidia selling scaled-back Blackwell chip to China PHOTO: REUTERS US President Donald Trump signalled on Aug 11 that he'd be open to allowing Nvidia Corp to sell a scaled-back version of its most advanced AI chip to China. Mr Trump said he would consider a deal that would allow Nvidia to ship its Blackwell chips to China if the company could design it to be less advanced. 'It's possible I'd make a deal' on a 'somewhat enhanced – in a negative way – Blackwell' processor, he said in a briefing with reporters. 'In other words, take 30 per cent to 50 per cent off of it.' Top stories Swipe. Select. Stay informed. World Trump seizes control of Washington police, deploys National Guard Business Lower-wage retail workers to receive up to 6% pay bump from Sept 1 Singapore Keppel to sell M1's telco business to Simba for $1.43b, says deal expected to benefit consumers Singapore ST Explains: Who owns Simba, the company that is buying M1? Singapore Telco price undercutting expected to subside after sale of M1 to Simba: Analysts Singapore ST Explains: What is Vers and which HDB estates could it be rolled out in? Singapore For Vers to work, compensation should account for varied needs of HDB flat owners: Observers Singapore At least $2m lost in S'pore to govt official impersonation scams involving cryptocurrency in Q1 Nvidia declined to comment on the president's remarks. Mr Trump made his assertion on Nvidia's Blackwell chip while confirming that he'd hammered out a separate, unusual deal with Nvidia that will allow the company to sell its less-advanced H20 AI chip to China if it pays 15 per cent of revenue tied to those shipments to the US government. READ MORE HERE Child dies in Italy as European heatwave sets records and sparks wildfires PHOTO: REUTERS A young boy died of heatstroke in Italy while wildfires threatened a Unesco site in Spain and French cities saw record temperatures, as a heatwave baked Europe on Aug 11. Many towns and cities in France, Italy and the Balkans were put on red alert due to the heat. Wildfires fanned by strong winds forced the evacuations of thousands of people throughout the continent and threatened popular tourist sites in Turkey and Spain. READ MORE HERE Trump seizes control of Washington police, deploys National Guard President Donald Trump announced he would take federal control of Washington, DC's police department and deploy 800 National Guard troops there, escalating his push to exert power over the nation's capital. Mr Trump on Aug 11 also threatened to insert federal personnel into other cities, including New York and Chicago, if they did not crack down on what he called 'out of control' crime. During a White House news conference, Mr Trump painted a nightmarish picture of a Washington that's been 'overtaken' by 'bloodthirsty criminals' and 'roving mobs of wild youth' that was at direct odds with statistics showing plummeting crime rates. Violent crimes in the capital reached a 30-year low in 2024, the Justice Department announced weeks before Mr Trump took office in January. READ MORE HERE Sabalenka survives massive Cincinnati struggle with Raducanu Top-ranked Aryna Sabalenka fought through a three-hour battle to hold off an inspired Emma Raducanu 7-6 (7/3), 4-6, 7-6 (7/5) on Aug 11 and reach the fourth round of the ATP and WTA Cincinnati Open. The top seed, who won the Cincinnati final a year ago over Jessica Pegula, increased her lead at the top of the WTA Tour match-win statistics as she secured her 49th of the season. But the struggle was real for Sabalenka, who finished with two aces in the closing stages.

‘Disaster': Trump calls for legislation to end no-cash bail in US cities as part of crime crackdown
‘Disaster': Trump calls for legislation to end no-cash bail in US cities as part of crime crackdown

Straits Times

timean hour ago

  • Straits Times

‘Disaster': Trump calls for legislation to end no-cash bail in US cities as part of crime crackdown

Sign up now: Get ST's newsletters delivered to your inbox US President Donald Trump speaking to the press about deploying federal law enforcement agents in Washington to bolster the local police presence on Aug 11. WASHINGTON - US President Donald Trump on Aug 11 said he would ask Congress to tighten US crime laws as part of a crackdown on violent crime in the District of Columbia and other US cities. He said Congress should end reforms in Chicago, New York and some other cities that allow some accused criminals to get out of jail ahead of their trial dates without posting a cash bond. 'Every place in the country where you have no-cash bail is a disaster,' he said at a White House press conference where he announced that he was putting the US capital's police department under federal control and deploying 800 National Guard troops. He said the Department of Justice would craft legislation to end the practice and called on his fellow Republicans to push the bill through the narrowly divided Senate and House of Representatives. It was not clear how he intended to end no-cash bail policies, which are often determined by state law. Ms Jeanine Pirro, the top federal prosecutor in Washington, also said Congress should allow more juveniles to be charged as adults. 'I can't arrest them. I can't prosecute them. They go to family court and they get to do yoga, and arts and crafts. Enough. It changes today,' she said. The Justice Department did not immediately respond to a request for comment. Top stories Swipe. Select. Stay informed. World Trump seizes control of Washington police, deploys National Guard Business Lower-wage retail workers to receive up to 6% pay bump from Sept 1 Singapore Keppel to sell M1's telco business to Simba for $1.43b, says deal expected to benefit consumers Singapore ST Explains: Who owns Simba, the company that is buying M1? Singapore Telco price undercutting expected to subside after sale of M1 to Simba: Analysts Singapore ST Explains: What is Vers and which HDB estates could it be rolled out in? Singapore For Vers to work, compensation should account for varied needs of HDB flat owners: Observers Singapore At least $2m lost in S'pore to govt official impersonation scams involving cryptocurrency in Q1 State governments have reformed bail systems in recent years by relying on supervised pre-trial release rather than the posting of cash bonds, which have been blamed for reinforcing racial and economic disparities and creating a two-tiered system of justice. Conservatives say that leads to higher crime rates, though a study by the non-partisan Brennan Center for Justice at New York University found no evidence of that. Mr Trump's comments appeared to catch Republicans in Congress off-guard. House Speaker Mike Johnson celebrated Mr Trump's crackdown in Washington in a social media post but did not mention new legislation. Senate Majority Leader John Thune's office was not immediately available for comment. House Oversight Committee Chairman James Comer pledged to advance legislation to 'protect Americans in their capital city' and hold a hearing with District of Columbia officials in September. Lawmakers intend to advance a bill that would allow alleged offenders aged 18 and older in Washington to be tried as adults, a Republican committee spokesperson said. The bill would also prevent youth offenders from receiving sentences below the mandatory minimum for a given crime. REUTERS

Forum: Concerns about status of dementia in national disability agenda
Forum: Concerns about status of dementia in national disability agenda

Straits Times

timean hour ago

  • Straits Times

Forum: Concerns about status of dementia in national disability agenda

Sign up now: Get ST's newsletters delivered to your inbox I am part of a caregiver group from Dementia Singapore's Voices for Hope initiative and would like to raise some questions regarding the status of dementia within Singapore's national disability policy framework. As Singapore faces a rapidly ageing population, the number of individuals diagnosed with dementia continues to rise. As a degenerative brain condition, dementia often results in significant cognitive and functional decline, severely impacting a person's ability to perform daily activities and live independently. However, based on a review of the Enabling Masterplan 2030, there appears to be no explicit mention of dementia, including young-onset dementia, as a recognised disability. This omission raises concerns about how consistently people with dementia are included within our national disability agenda. For example, some of our members were advised that their loved ones living with dementia do not qualify for the Persons with Disabilities Concession Card – raising concerns about practical recognition and inclusion. In another case, a person living with dementia was nominated for a national-level award recognising individuals with disabilities. However, the nomination was not accepted – reportedly because dementia is not considered a qualifying disability. Top stories Swipe. Select. Stay informed. World Trump seizes control of Washington police, deploys National Guard Business Lower-wage retail workers to receive up to 6% pay bump from Sept 1 Singapore Keppel to sell M1's telco business to Simba for $1.43b, says deal expected to benefit consumers Singapore ST Explains: Who owns Simba, the company that is buying M1? Singapore Telco price undercutting expected to subside after sale of M1 to Simba: Analysts Singapore ST Explains: What is Vers and which HDB estates could it be rolled out in? Singapore For Vers to work, compensation should account for varied needs of HDB flat owners: Observers Singapore At least $2m lost in S'pore to govt official impersonation scams involving cryptocurrency in Q1 This has led to confusion and concern within our community about the practical interpretation of who qualifies as a person with disability in Singapore. I would like to ask: What are the criteria used to determine what qualifies as a disability under national policy? Are there plans to formally review this gap in recognition of, and to better align disability policies with, the realities of cognitive and mental decline faced by people with dementia? I hope the relevant agencies and the wider public will re-examine how we define and support disability in Singapore, especially as we strive towards a more inclusive society. Wong Loke Kit

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