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MAS says it stands ready to ensure the stability of Singapore's financial system amid coronavirus spread

SINGAPORE – The Monetary Authority of Singapore said on Friday (March 13) that it “stands ready to ensure the orderly functioning of financial markets and the stability of the financial system in Singapore” as the coronavirus crisis deepens worldwide. It assured that the Singapore dollar money market and foreign exchange market are currently “functioning normally in the face of heightened […]

Cycling: Singapore aiming to have local rider at 2030 Tour de France

SINGAPORE – The Singapore Cycling Federation (SCF) unveiled its most ambitious plans to date on Friday (March 13), aiming to win an Asian Games title and having a Singaporean representative compete in the Tour de France by 2030. The governing body launched ProCyclingSG, which will groom a group of cyclists from the national team and put them through a training […]

Global central banks boost liquidity as market panic triggers dash for cash

HONG KONG (REUTERS) – Global central banks acted to shore up money markets on Friday (March 13) after cratering share prices drove a rush for cash, hitting many regional currencies and threatening a surge in short-term borrowing costs. With most developed economies moving into partial shutdown in response to the escalating coronavirus pandemic, Norway and Sweden announced stimulus packages as European […]

Singapore GE: East Coast and West Coast GRCs, hotseats tipped to draw opposition leaders, to be expanded to 5 MPs

SINGAPORE – Opposition parties could be in for a tougher fight in the East Coast and West Coast group representation constituencies (GRCs) in the coming general election, under the latest changes made to the electoral boundaries unveiled on Friday (Mar 13). Observers expect fierce contests in both GRCs in the election, which must be held by April 2021, but is […]

Oil rises over 3% but set for biggest weekly thumping since 2008

TOKYO (Reuters) – Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday, as investors fretted over evaporating demand from the coronavirus pandemic and a production ramp-up by top producers. Brent crude LCOc1 was up $1.12, or 3.4%, at $34.33 a barrel by 0728 GMT after falling more than 7% […]

Coronavirus warning: How virus is spreading quicker than Spanish Flu – ‘It’s explosive!’

And now an influenza expert has exposed a horror statistic that shows the coronavirus will spread even quicker than the deadly Spanish Flu, which killed millions worldwide more than a century ago. John Barry, author of ’The Great Influenza’, explained that compared to the common strain of influenza, coronavirus is currently spreading at twice the rate of that flu. He […]

School closures: Scared Brits urge UK to follow Germany’s lead on shutting schools

German state Saarland has officially announced it will close all schools and day care centres from the next week until the end of the Easter holidays. Now, Brits are urging the UK to do the same. Saarland will be closing all schools and day centres in a bid to combat the Coronavirus. The closures will start from the next week […]

Barack Obama receives angry backlash from Trump fans as he wades in on coronavirus debate

The former US President tweeted last night that the people of the United States have to “look out for each other”. He shared a story from Vox which said that cancelling events and self-quarantining saves lives. He posted with the story: “If you’re wondering whether it’s an overreaction to cancel large gatherings and public events (and I love basketball), here’s […]

Justin Trudeau in self isolation as wife Sophie tests positive for coronavirus

Canadian prime minister Justin Trudeau is in self isolation after his wife tested positive for coronavirus. Sophie Gregoire Trudeau tested positive for the potentially deadly bug today but is said to be felling well. Her husband will be in self isolation for 14 days following the advice of doctors but is not due to be tested as he has no […]

Lethbridge post-secondary institutions update plans for COVID-19: ‘We are preparing’

Lethbridge has yet to confirm any cases of COVID-19, but its two largest post-secondary institutions are updating plans of action should the virus arrive in the city — or even on campuses.

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