TOP OF THE NEWS
Fewer layoffs; market weak
Fewer workers were laid off in the first three months of this year, but the labour market is still slack, with some groups of people finding it hard to get back into a job.
The long-term unemployment rate crept up to the highest level in eight years.
TOP OF THE NEWS
Highest bid from SPH, Kajima
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A consortium linked to Singapore Press Holdings and Kajima Development has placed the highest bid for a site in Bidadari estate. It offered $1.132 billion for the 99-year leasehold mixed commercial and residential site. If awarded the state tender, the consortium plans to develop residential units and a retail mall, as well as other amenities in the upcoming estate.
China, Panama establish ties
China has established diplomatic ties with Panama, a move that has further constricted Taiwan’s international space. The two countries’ foreign ministers yesterday signed documents in Beijing formalising ties at the ambassadorial level, leaving Taiwan with just 20 diplomatic allies.
Potential SAF training areas
Australian and Singapore officials have inspected sites in Queensland to assess whether they could be used for training by Singapore troops. The move came after the federal government was forced to drop its plan to acquire farmland adjoining the two existing training areas.
Set up SME rescue centres
The number of distressed SMEs is rising and they need corporate rescue centres to help them with funding, operational turnaround or finding a “white knight”, writes Dr Michael Teng. It is best to have such centres in place before a big crisis hits Singapore.
More attractions for Sentosa
Plans are afoot to build an elevated walkway, which can accommodate wheelchairs, on Sentosa that connects the Resorts World integrated resort with the Merlion Plaza and the island’s beaches. In August, Sentosa will also have a bungee tower on Siloso Beach.
Taking training to front line
The Home Team Academy’s new mobile classroom (MobiC) resembles a regular lorry but at the push of a button, it opens up to occupy three carpark spaces. Set to go on trial from September, MobiC can train front-line officers anywhere using virtual reality.
S$ bond issues on downtrend
The number of Singdollar- denominated bond issues is set to slide for a third straight year as smaller firms with riskier profiles shy away from bond deals. The value of new bond issuances comes up to $12.5 billion so far this year with 61 deals done, compared with $12.7 billion in the same period a year earlier with 70 issues.
Warriors win NBA title
Kevin Durant scored 39 points and Stephen Curry 34 as the Golden State Warriors won their fifth National Basketball Association title, defeating the Cleveland Cavaliers 129-120 in Game Five.
Durant was named the Most Valuable Player of the series. He also became the first player with five consecutive 30-point performances in the NBA Finals since Shaquille O’Neal in 2000.
US prison show goes local
Netflix has used a localised strategy to promote the fifth season of the US comedy drama Orange Is The New Black. Local actress Michelle Chong plays Singaporean inmate Ah Lian in two clips. There is also an Orange Is The New Black-themed mural in Ann Siang Hill painted by local artist Yip Yew Chong (above).
Straits Times Digital
Up against the wall
US bureau chief Nirmal Ghosh meets people affected by President Donald Trump’s proposed Mexican border wall. str.sg/mexwall
An Avatar baby – cute or creepy? Watch how some of these realistic silicone dolls come to life. str.sg/babydoll