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Licence tenure of NTUC childcare centre in child abuse case cut

Boy's shin was fractured (Photo STOMP) The NTUC childcare centre involved in the alleged child abuse case has had its licence tenure cut from 24 months to 6 months. This was announced by Acting Minister for Social and Family Development Chan Chun Sing during a visit to KLC School of Education today (18 Jul). The childcare...

AG highlights 5 areas of improvement for public sector entities

The Auditor-General's Office (AGO) has just released the "Report of the Auditor-General for the Financial Year 2012/13" [Link]. In the report, Auditor-General Willie Tan highlighted five areas where public sector entities should pay greater attention and improve on their internal control systems: Monitoring of performance of...

Banks start to increase fixed rates for home mortgages

Singapore Following Moody's downgrading the outlook for local banks DBS, UOB and OCBC from “stable” to “negative” (Moody’s downgrades outlook for 3 local banks to ‘negative’) on 15 July, some of the banks have started raising the interest rates for the fixed rate home loans they offer. Moody’s published a report...