Daily Debrief: What Happened Today (Sep 8)
Stories you might have missed
On September 8, the Singapore government announced that ministerial pay and allowances will be adjusted to S$1.8 million, with only a one-off increase of up to 9% for MPs. In a separate development, Pine Grove, a 660-unit condominium, faces a potential setback as it attempts an en bloc sale for the fifth time. The new rules would lower the consent requirement from 80% to 70%, giving Pine Grove a better chance at success.
Meanwhile, Air India investment has reportedly not adversely affected Singapore Airlines (SIA) in serving Singaporeans. In a heated exchange, Transport Minister Jeffrey Siow clashed with Workers' Party MP Kenneth Tiong over Air India's call for a fresh equity injection of US$1.5 billion from shareholders, including SIA.
Legal troubles continue to plague Hao Mart, which faces a lawsuit from former advisers claiming over S$5.2 million in overdue fees for their role in the lease of Taste Orchard. Construction firms in Singapore are also bracing for potential disruptions as the country's air quality deteriorates to unhealthy levels, marking the first such occurrence in nearly three years.
Income Insurance has terminated its proposed sale of Hive, a digital insurance platform, to Singapore-based fintech firm Embed Financial Group Holdings. The decision comes after Embed allegedly failed to pay CPF contributions. Finally, Decoding Asia newsletter provides insights into navigating Asia in a new global order.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
