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Category: Singapuraku

  • Singtel Acquired US-Based IT Security Firm, Trustwave for US$810 Million

    Singtel Acquired US-Based IT Security Firm, Trustwave for US$810 Million

    Singapore telco Singtel has acquired US-based information security firm Trustwave for US$810 million in its bid to strengthen its cyber security capabilities globally.

    In a news release on Wednesday (Apr 8), Singtel said it will own a 98 per cent stake, while Trustwave chairman and CEO Robert J McCullen will hold the balance 2 per cent equity interest.

    Following the acquisition, Trustwave is set to continue operating as a standalone business unit, while leveraging Singtel Group’s assets and marketing presence to broaden its portfolio in the Asia Pacific region.

    The acquisition will expand the telco’s existing portfolio of cloud-based solutions, said Singtel, adding that it will leverage Trustwave to meet the demand for managed security services in North America and the Asia Pacific region.

    The enterprise value of Trustwave is US$850 million, and the transaction is expected to be EBITDA positive from the second year of acquisition, said Singtel.

    Singtel added that the transaction is subject to approval from regulatory authorities and other third parties, and is expected to be completed in three to six months.

     

    Source: www.channelnewsasia.com

  • Singaporeans In Yemen Urged To Contact MFA Due As Difficulties Mount In Evacuations

    Singaporeans In Yemen Urged To Contact MFA Due As Difficulties Mount In Evacuations

    SINGAPORE’S Ministry of Foreign Affairs (MFA) have urged Singaporeans in war-torn Yemen to contact the ministry, as it warns that current evacuation operations have become increasingly challenging there due to the volatile situation.

    “In recent weeks, MFA has worked with foreign governments, which are mounting operations, to evacuate a few Singaporean families,” said the MFA in a statement today.

    “However, it is unclear how long such operations will continue given the fluid ground conditions.”

    The ministry added that it is keeping in close touch with the remaining Singaporeans in the Middle-east country while continuing to coordinate with other countries to facilitate their departure.

    Relief workers have warned of a dire situation in the impoverished state, where a Saudi-led coalition is waging an air war on Iran-backed Houthi Shi’ite rebels who seized power in the capital Sanaa.

    Last Tuesday, a Singaporean woman living in Aden, Yemen’s main southern city, contacted the MFA to seek help desperately as rebel troops closed in on the city.

    With assistance from officials, Madam Sherin Fathimah, 37, and her four children, aged between four and 13, were eventually picked up by a Chinese frigate last Thursday at the Port of Aden and taken to Djibouti on the Horn of Africa.

    Madam Sherin and her children arrived safely in Singapore last Saturday.

    At least 53 people were killed in 24 hours of street fighting and heavy shelling between rebels and fighters loyal to the Saudi-backed President Abd-Rabbu Mansour Hadi in Aden, medical and army sources said yesterday. Aden is the last bastion of support for Mr Hadi who fled from Sanaa to Aden in February.

    The World Health Organisation today said that fighting in Yemen over the past few weeks has killed more than 540 people and wounded 1,700 as the country sinks deeper into a multi-sided conflict.

    Singaporeans in Yemen who have not contacted the MFA or require urgent assistance may contact the MFA Duty Officer (24 hours) at 6379 8800/8855 or [email protected]. They can also eRegister with MFA at http://eregister.mfa.gov.sg/.

     

    Source: www.thestraitstimes.com

  • Rat Problems In Bedok South?

    Rat Problems In Bedok South?

    Residents at a cluster of blocks in Bedok South Avenue 3 are worried that their area may become “the next Bukit Batok hill” if the growing number of rats there is left unchecked.

    Many rodents have been spotted around blocks 69 to 72 in the past year. Some residents said they have seen swarms of 20 rats scampering around in a carpark at night.

    In December, a hilly area near Bukit Batok MRT station was infested by rats. This was blamed on leftover scraps from the indiscriminate feeding of stray dogs. More than 300 rats there were killed by pest controllers over two weeks.

    Bedok South residents who spoke to The Straits Times suggested several possible causes – a nearby garbage collection point and a food disposal area near a coffee shop in Block 69.

    East Coast Town Council (ECTC) said it was alerted to the rise in rat numbers by conservancy workers and residents last week, and has since taken measures to control the pests.

    Mr Adrian Theseira, managing director of Wipeout Pest Control Services, which is leading the extermination exercise, said it has found more than 30 rat burrows and nests across blocks 69 to 72.

    As of Monday night, it caught 38 rodents using traps in areas such as drains and rubbish chutes. The rats caught were killed. Since last Thursday, pest controllers have also placed poison in rat burrows.

    On Monday night, The Straits Times spotted more than 10 burrows, two live rats and a dead one on the pavement next to the coffee shop.

    An ECTC spokesman said residents can expect to see rat carcasses in the area during the exercise, which will last until early next month. Residents are advised to call the town council so it can send workers to remove the carcasses.

    She also urged residents to help control the rat population by eliminating food sources, possibly scraps left over from the feeding of stray cats and pigeons.

    The National Environment Agency (NEA) said it received several complaints about rats around Block 70 late last month. Inspections found 16 burrows and rat droppings in a bin centre and two food shops, which have since been given warnings.

    Its officers have spoken to the owners and occupiers of the shops on proper waste disposal.

    NEA also said it is working with the town council to step up estate cleaning and maintenance of the rubbish chutes

    The Straits Times understands that a metal disposal container was installed this year at the Food Park food court to improve its waste management. Before that, scraps went into pails without lids.

    Mr John Teo, 70, who lives in Bedok South’s Block 69, said the rat population grew in the last eight months. The taxi driver, who watches television with his friends at Food Park every night, added: “In the last two to three months, there are smaller ones appearing, which means they are breeding.”

    Another resident, Mr Tan Teck Chin, 47, said: “It’s a bit uncomfortable to eat and see rats so near.”

     

    Source: www.straitstimes.com

  • Well-Educated, Well-Paid, But Mired In Debt

    Well-Educated, Well-Paid, But Mired In Debt

    A TERTIARY education, average or even above-average income but crushing credit card or other unsecured debt of at least two years’ worth of annual pay.

    That is the typical profile of an estimated 32,000 people in Singapore who are affected by new rules on unsecured debt – that is, debt with no collateral.

    The rules will be phased in over the next four years rather than implemented all at once, the Monetary Authority of Singapore (MAS) announced on Monday.

    But from June 1 this year, these most heavily indebted of borrowers will be prevented from adding to their loan burden.

    Data compiled by financial institutions and the Credit Bureau Singapore show that as of February, 32,000 borrowers had total interest-charging unsecured debts above 24 times their monthly incomes.

    Most of these heavily indebted borrowers have tertiary education qualifications – a diploma or higher – with incomes above or around the median income.

    Credit Counselling Singapore president Kuo How Nam said that last year, he saw a high-earning borrower with an unsecured debt of $1.8 million.

    “We successfully restructured a repayment plan for him and things are all right now.”

    The 32,000 make up 2 per cent of the total number of unsecured-credit borrowers, but their borrowings pose no risk to the stability of the banking industry.

    Including these borrowers, those with total interest-charging unsecured debts of more than 12 times their monthly income made up about 84,000, or 5 per cent, of unsecured borrowers.

    These figures are up from those released in October last year, when Deputy Prime Minister Tharman Shanmugaratnam said about 3 per cent of unsecured borrowers have debts exceeding their annual incomes.

    Since the new MAS rules were announced in September 2013, financial institutions and credit bureaus have been enhancing their systems to capture more comprehensive and updated data – and 5 per cent is the updated figure.

    The revised, graduated timeframe for the new rules will also mean that from June 1, 2017, those with total unsecured debts of more than 18 times their monthly income will be affected.

    And from June 1, 2019, those with total unsecured debts of more than 12 times will see the rule kick in.

    Once the borrowing limits start, an affected borrower will not be able to charge new purchases to his credit cards or apply for new cards, for instance.

    Loans for medical, education or business purposes do not count towards the borrowing limit.

    Mr Kuo said besides overspending on lifestyle wants, another major reason for falling in debt is job-related.

    “For example, a spouse could have lost a job. Another 20 per cent to 30 per cent make stupid investments, lend money to friends or pump funds into failing businesses.”

    He added that another 20 per cent to 25 per cent cite gambling as a reason, and that people fall into debt because of multiple reasons, not just one.

    BACKGROUND STORY

    Data compiled by financial institutions and the Credit Bureau Singapore show that as of February, 32,000 borrowers had total interest-charging unsecured debts above 24 times their monthly income.

    Most of these heavily indebted borrowers have tertiary education qualifications – a diploma or higher – with incomes above or around the median income.

     

    Source: www.straitstimes.com

  • Revised Registers Of Electors Certified, Open For Public Inspection

    Revised Registers Of Electors Certified, Open For Public Inspection

    The revised registers of electors have been certified and are now open for public inspection.

    In a statement today, the Elections Department revealed that there are a total of 2,460,484 voters on the rolls.

    Eligible voters may check their particulars at the Elections Department or at community centres with their NRIC or passport, or online at the Elections Department website.

    Those overseas can also check their particulars at the 10 overseas missions that serve as overseas registration centres.

    People whose names were removed from the voter rolls because they failed to vote at a previous election may continue to apply to have their names restored, the Elections Department said.

    Meanwhile, eligible voters who are overseas, and who have resided in Singapore for at least 30 days between Feb 1, 2012 and Jan 31, 2015, may register as overseas electors to vote at a designated overseas polling station.

    With the revision to the rolls, Singaporeans overseas who had previously registered as overseas voters will also need to re-register.

    The Elections Department added that those applying to restore their names to the rolls or to register as an overseas voter should do so early, as applications will close when the Writ of Election is issued.

     

    Source: http://news.asiaone.com

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