February 2023

Strong growth for major banks seen: Fitch Ratings

This will be supported by wider margins and well-contained credit costs. There will be a good sign of profitability for Singapore’s top banks in 2023 due to wider margins and credit costs, said Fitch Ratings. “Higher profits and muted loan growth will buoy capitalisation, which may encourage some of the banks to undertake inorganic expansion in the near term,” the analyst said in a report. The banks will be boosted

Customer complains after Samsung refuses to repair his new flip phone as it’s no longer in ‘tip top new condition’

SINGAPORE: A flip mobile phone customer took to the popular COMPLAINT SINGAPORE Facebook page in dismay after his phone was rejected for servicing by Samsung because it was no longer in the same condition as when he bought it. The flip phone owner, Mr Terence Wong, wrote, “ If we know that the flip series was going to be so filmsy and fragile… We would not have bought it! The

Sembmarine cuts net loss by 77% in H2 22

Its EBITDA improved to $12m in the second half of 2022. After reporting a decline in its EBITDA in 2021, Sembcorp Marine (Sembmarine) posted a positive EBITDA in H2 2022 at $12m due to completion of key projects. In a financial statement, Sembmarine said its net loss also declined 78% to $261m for FY 2022 from FY 2021 net loss of $1.1b.  “Residual COVID19 challenges contributed to one-off increases in

Degrees from Private Schools–Are They Really Just ‘Toilet Paper’ Certs to Many?

All images by Stephanie Lee for RICE Media. Since I was young—if I may just pat myself on the back here—I’ve never flopped in my education. At 12 years old, I came top of my class in PSLE, got into a good secondary school within the Express stream, scored well for O Levels and managed to enter the course of my choice in a local polytechnic. All seemed well. The

Man who used to rent 1BR Boon Keng condo for $2.2K says agent found new tenant in 2 weeks who’ll pay $3.9K

SINGAPORE: “The property market is nuts,” wrote one Reddit user who said that he had decided to leave Singapore because life has become too expensive. To his surprise, the one-bedroom condominium he had been renting for $2,200 a month was snapped up quickly at a huge markup. “I was renting my 1 bedroom condo for 2.2k a month in Boon Keng.  The agent advertised the unit for 3.8k and found

McDonald's to launch triple cheeseburger & apple custard pie on Mar. 2, 2023

Follow us on Telegram for the latest updates: https://t.me/mothershipsg McDonald’s will be introducing some new and returning items on Mar. 2, 2023. Triple Cheeseburger The Triple Cheeseburger (from S$6.80 ala carte, from S$8.60 per meal) is new and will only be available for a limited time. As its name suggests, it has three beef patties and three slices of cheese. Apple Custard Pie A twist on the classic apple pie,

'We want to build a culture of winning' through G2-Blacklist, says Tier One CEO

With the landmark partnership between G2 Esports and Blacklist International, Tier One Entertainment CEO Tryke Gutierrez is after one important thing for his organisation: to build a culture of winning. “We want to build a winning culture, but that doesn’t mean we can win all of the time,” Tryke said in an interview with Yahoo Esports Southeast Asia . While Gutierrez quipped about the similarities between G2 and Blacklist in

Singapore looking at removing harmful app-store content, age classification for online games

SINGAPORE — Singapore will adopt a new Code of Practice for app stores to require them to remove harmful content circulating in the marketplace. This code will be developed with industry engagement over the next 12 to 18 months, said Minister for Communications and Information Josephine Teo in Parliament on Tuesday (28 February). Speaking during her ministry’s Committee of Supply debate, Teo said that apps with harmful content, depicting explicit

Kovan hawker still selling soy bean, grass jelly & bird's nest drinks & beancurd at S$0.30 each in 2023

Follow us on Telegram for the latest updates: https://t.me/mothershipsg In a climate of rising prices, Sun Kee Drinks, a hawker stall in Kovan that sells soy bean drinks at S$0.30 a pop is a true gem. In Kovan 209 Market and Food Centre But wait, that’s not all. The stall at Kovan 209 Market and Food Centre also offers other thirst quenchers, such as grass jelly and bird’s nest, as

Tesla Giga Berlin Production Rate Reached 4,000 Model Y Per Week

That’s equivalent to roughly 200,000 units per year. The Tesla Giga Berlin-Brandenburg plant in Grünheide near Berlin, Germany produces more electric cars than ever, since it added the third shift in January. The company shared today a photo with employees celebrating another milestone – 4,000 Tesla Model Y cars produced in one week. “4k Model Y built at Giga Berlin this week” That’s quite a substantial number and equivalent to