GIC invests $700 million in Bharti Airtel after Moody’s cut its rating to ‘junk’
The Asia Times reported last week (8 Mar) that Singapore’s Government Investment Corporation will subscribe to 50 billion rupees ($713 million) worth of Bharti Airtel’s rights issue in exchange for an approximately 5% stake in the latter. The Delhi-based Telecommunications Company is the second largest mobile network operator...
Singapore purchases fighter jets described as ‘$1.4 trillion national disaster’
It was reported that Singapore is looking to purchase four F-35 fighter jets, with an option for eight more. The Ministry of Defence has identified the F-35s as the “most suitable replacement” for its ageing F-16s and will first “purchase a small number of F-35 JSFs for a full evaluation of their capabilities and suitability...
Nurse sentenced to 12 weeks jail for assaulting man at SPH-owned nursing home
A nurse was sentenced to 12 weeks' jail after punching an elderly resident at the SPH-owned Orange Valley Nursing Home. On 21 Nov 21 last year, Filipino Bernardo JR Perdido Ramos was distributing bedsheets and pillowcases to residents at the home. During his rounds, his trolley accidentally hit the bed of the 77-year-old victim. The...
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