Sunday, July 25, 2021

Understanding economics, finance useful for youth, can help tackle real-world problems: DPM Heng, Singapore News & Top Stories - The Straits Times

Understanding economics, finance useful for youth, can help tackle real-world problems: DPM Heng, Singapore News & Top Stories - The Straits Times

Understanding economics, finance useful for youth, can help tackle real-world problems: DPM Heng

SINGAPORE - An understanding of economics and finance provides a valuable foundation for lifelong learning and can be applied to real-world problems, said Deputy Prime Minister Heng Swee Keat on Sunday (July 25) as he encouraged young people here to develop and deepen their interest in the topic.

Speaking at the final round of the virtual National Economics and Financial Management Challenge, Mr Heng said the basics of economics and finance can be applied to public policy, for example to address climate change or changing demographics in Singapore and globally.

"The discourse is not just theoretical, but it can lead to better outcomes that can improve the lives of billions of people on earth," he said.

The challenge was organised by the National University of Singapore's Economics Society to make pre-tertiary education students become interested and appreciate economics and finance.

Now in its 14th year, the challenge began this month with two earlier rounds that tested the participants' knowledge of tertiary-level economics and their ability to create a video applying economic and financial theories to an everyday life topic.

Sunday's round included a case study and presentation segment, where teams were given 1½ hours to work on a case question, and a buzzer round that tests participants' general knowledge.

Mr Heng also addressed concerns young people here might have about their future, given the uncertainty of the Covid-19 pandemic.

He said: "I believe that while Covid-19 has closed some doors, it has also opened many new ones. The post-Covid-19 world will be quite different from the one before, but it will be no less exciting."

He noted that Covid-19 has accelerated structural changes that were already in motion, including the digital revolution and the renewed emphasis on environmental sustainability.

"Our youth are well-placed to seek out these new opportunities," he said.

Mr Heng added that the value of understanding economics goes beyond being prepared for the job market.

He said: "I believe economics can help each of us to make better choices - for ourselves and for our society. I hope that you will continue to deepen your interest in economics and finance, and use this knowledge to become active citizens and make a difference.

"This is the spirit of Singapore Together, where we can all play a part in building a better shared future."

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Wednesday, June 9, 2021

G7: 'Mount Recyclemore' of leaders made from electronic waste in Cornwall - BBC News

G7: 'Mount Recyclemore' of leaders made from electronic waste in Cornwall - BBC News

G7: 'Mount Recyclemore' of leaders made from electronic waste in Cornwall

Statue of G7 leaders made of electronic waste
The G7 Leaders (L-R): Boris Johnson, Yoshihide Suga, Emmanuel Macron, Mario Draghi, Justin Trudeau, Angela Merkel and Joe Biden

A sculpture of the G7 leaders shaped like Mount Rushmore made of electronic waste has been erected in Cornwall ahead of the G7 Summit.

It has been named "Mount Recyclemore" and bids to highlight the damage caused by the disposal of electronic devices.

Sculptor Joe Rush said he hoped it would show they needed to be made more easily reusable or recyclable.

He said: "It needs to be repairable or made to last longer because the stuff is going into landfill."

The sculpture is made up of electronic waste

According to a United Nations report, more than 53 million tonnes of e-waste was generated worldwide in 2019 - over 9 million tonnes more than five years earlier.

The seven leaders depicted in the sculpture are UK Prime Minister Boris Johnson, Japan's Prime Minister Yoshihide Suga, French President Emmanuel Macron, Italy's Prime Minister Mario Draghi, Canadian Prime Minister Justin Trudeau, Germany's Chancellor Angela Merkel and US President Joe Biden.

Mr Rush, who was commissioned to create the artwork by musicMagpie, explained the highly-visible location for his piece was chosen across the water from the Carbis Bay Hotel, where the summit is due to take place this weekend, in the hope those depicted would notice "when they fly over".

"We have this looking at them and hopefully we're going to prick their conscience and make them realise they're all together in this waste business.

"The key message is 'talk to each other' and let's sort this mess out," Mr Rush added.

Sculptor Joe Rush said electronic devices must be made longer lasting and more repairable to reduce e-waste

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India records world's highest daily Covid-19 deaths after state revises numbers, South Asia News & Top Stories - The Straits Times

India records world's highest daily Covid-19 deaths after state revises numbers, South Asia News & Top Stories - The Straits Times

India records world's highest daily Covid-19 deaths after state revises numbers

BENGALURU (REUTERS) - India reported on Thursday (June 10) the highest single-day death toll from Covid-19 in the world, at 6,148, after a big eastern state revised its figures to account for people who succumbed to the disease at home or in private hospitals.

The health department of Bihar, one of India's poorest states, revised its total Covid-19 related death toll on Wednesday to more than 9,400 from about 5,400.

India's total Covid-19 case load now stands at 29.2 million after rising by 94,052 in the past 24 hours, while total fatalities are at 359,676, according to data from the Health Ministry.

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20 years' jail for man who slashed one boss to death, severely injured another, Courts & Crime News & Top Stories - The Straits Times

20 years' jail for man who slashed one boss to death, severely injured another, Courts & Crime News & Top Stories - The Straits Times

20 years' jail for man who slashed one boss to death, severely injured another

SINGAPORE - After he was fired from his job, a warehouse worker at an online retailer slashed two directors with a chopper - killing one and grievously hurting the other.

Yee Jing Man spared a third director but ordered his superior to eat a red packet containing $20 that the man had given him for Chinese New Year.

He then barricaded the office entrance with tables and chairs and pointed the chopper and a knife at his colleagues to stop them from calling the police, before he stabbed and slashed himself with the weapons.

The 24-year-old Malaysian was sentenced to 20 years' jail on Wednesday (June 9) for the attack on March 11, 2019 at the office of e-commerce company Jiji in Sungei Kadut Loop.

He pleaded guilty to one count of culpable homicide for killing Mr Lin Xinjie, 29, and causing grievous hurt with a dangerous weapon by slashing Mr Li Mingqiao, 30. 

Eight other charges were taken into consideration, including one of criminal intimidation for threatening the third director, Mr Ryan Pan Zai Xing, 29, and four of wrongful confinement.

After his arrest, Yee was assessed to be suffering from major depressive disorder, which significantly reduced his responsibility for his actions.

The High Court heard that he started working for the company in March 2017 after his girlfriend, who was an employee, recommended him to Mr Lin.

Yee initially performed well at work. Mr Lin gave him a red packet with $999 for Chinese New Year in 2018 and offered to promote him to warehouse manager with an increase in salary from $1,700 to $2,000.

Yee rejected the offer, as he did not want the additional workload and stress, the court heard.

From September 2018, his performance deteriorated and he did not show up at work with increasing frequency.

Court documents stated that he was absent for 69 days starting from Dec 1, 2017.

The forensics team leaving the scene where a man was found dead and another injured, at a building along Sungei Kaduk Loop on March 11, 2019. ST PHOTO: DESMOND WEE
Investigators taking away items from the crime scene at Sungei Kadut Loop on March 11, 2019. ST PHOTO: DESMOND WEE

He also bore grudges against his bosses. He felt that Mr Lin had scolded him unreasonably and that Mr Li was sarcastic to him.

By February 2019, Yee began to visualise killing the directors with a chopper, especially Mr Lin and Mr Li.

He had a better relationship with Mr Pan, who helped him with his work and talked to him frequently, said prosecutors.

Yee also decided that he would take his own life after killing the trio as he did not want to be a fugitive and felt there was no purpose to life if he had to constantly worry about working.

On Feb 12, 2019, after his girlfriend told him that Mr Lin wanted to fire him, Yee bought a chopper from a provision shop. But he eventually changed his mind about killing Mr Lin.

Yee then took the rest of the month off and spent his time at home playing mobile games and searching online for ways to kill people efficiently.

He returned to work on March 1, 2019 but stopped showing up by March 6.

On March 11, his girlfriend forwarded him a message from Mr Pan saying that Yee no longer needed to come to work.

Angered by the message, he decided to carry out his plan to attack the three directors and headed for the office with the chopper and a ceramic knife in his bag.

At about 12.55pm, Yee walked to Mr Li, who was at his desk, and slashed his head and neck from the back.

Yee Jing Man bore grudges against his bosses. PHOTO: SHIN MIN DAILY NEWS

Yee then swung the chopper at the back of Mr Lin's neck a few times, slashing the back of his head, neck, right forearm and right index finger.

He then threatened Mr Pan with the chopper and the director complied with Yee's demand to put the red packet in his mouth.

One of the employees who was barricaded in the office called the police.

Yee then stabbed his stomach and slashed his wrist, uttering "I have no other way to go".

Police arrived at about 1.05pm and restrained him after a struggle.

Mr Lin was pronounced dead at the scene by paramedics. Mr Li underwent emergency surgery and was discharged on March 16.

Mr Li suffered significant scarring and still attends physiotherapy due to weakness from his injuries.



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Friday, May 21, 2021

Neighbours of Sengkang General Hospital nurse charged with harassing front-liner and his family, Courts & Crime News & Top Stories - The Straits Times

Neighbours of Sengkang General Hospital nurse charged with harassing front-liner and his family, Courts & Crime News & Top Stories - The Straits Times

Neighbours of Sengkang General Hospital nurse charged with harassing front-liner and his family

SINGAPORE - A couple appeared in the district court on Friday (May 21) after allegedly harassing their front-liner neighbours amid the Covid-19 outbreak.

A male nurse, who works at Sengkang General Hospital (SKH), and his family are said to be the victims. The Straits Times understands that his wife is also an essential service worker.

One of the alleged offenders, Lim Sok Lay, 48, was charged with five counts of harassment and one count of being a public nuisance.

Her husband, Cheang Eng Hock, 56, was handed two harassment charges.

The two Singaporeans are accused of harassing their neighbours at an Edgefield Plains block of flats in Punggol.

Between May 13 and 15 last year, they are said to have shouted phrases such as "Covid spreader" and "virus family" at their alleged victims.

Cheang and Lim are also accused of spraying disinfection solution in their direction.

On Oct 21 last year, Lim allegedly sprayed a similar liquid at her neighbours' flat.

She is said to have targeted another flat on the same floor the following month by abusing its occupants with vulgar language.

Lim is also accused of spraying disinfection liquid in the direction of this second flat on Dec 10 last year.

The court heard that she went to SKH with her husband on Jan 8 this year and they allegedly harassed a man identified as Mr Muhammad Najib Ngasewan.

The couple are accused of uttering "this nurse gangster" and "this nurse no good".

Separately, Lim went to Ngee Ann City in Orchard Road on Feb 21 this year and allegedly caused annoyance by shouting in a public place despite repeated warnings from a policewoman.

Police said in a statement on Thursday that they received a report on May 15 last year about the alleged offenders' antics. Officers then started investigating.

All parties involved in the incidents went through mediation at the Community Mediation Centre last June to seek a resolution.

One of the alleged offenders, Lim Sok Lay, was charged with six counts of harassment and one count of being a public nuisance. PHOTOS: SCREENGRABS FROM JIBBY4G/INSTAGRAM

Despite this, the police said they continued receiving reports between last October and this January about more acts of harassment by the alleged offenders.

Investigations are still ongoing against Lim over fresh offences she allegedly committed against her neighbours that were reported last month, the police added.

Lim is being remanded at the Institute of Mental Health and will be back in court on June 4.

Cheang , whose bail was set at $5,000, will return to court on June 18.

All parties involved in the incidents went through mediation at the Community Mediation Centre last June to seek a resolution to the matter. PHOTOS: SCREENGRABS FROM JIBBY4G/INSTAGRAM

In their statement, the police said: "Over the course of investigations, (we) have remained in contact with the parties involved and advised all parties to minimise contact and interactions with each other.

"The police do not condone any behaviour that impacts the public's sense of safety and security in the neighbourhoods. We urge members of the public to practise neighbourliness and work together to overcome Covid-19."

For each count of harassment, an offender can be jailed for up to six months and fined up to $5,000.

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Tuesday, April 27, 2021

New PSLE scoring system: MOE releases cut-off points for Singapore's secondary schools, Parenting & Education News & Top Stories - The Straits Times

New PSLE scoring system: MOE releases cut-off points for Singapore's secondary schools, Parenting & Education News & Top Stories - The Straits Times

New PSLE scoring system: MOE releases cut-off points for Singapore's secondary schools

SINGAPORE - Primary 6 pupils will not need to achieve perfect scores to get into top secondary schools when the new PSLE scoring system takes effect this year, based on entry scores for 139 secondary schools released on Tuesday (April 27) by the Education Ministry.

The indicative cut-off scores are based on the new Primary School Leaving Examination (PSLE) scoring system, which will be used for the first time by this year's Primary 6 cohort to gain entry into secondary schools next year.

Under the new scoring system, first announced in 2016, each standard-level PSLE subject will be scored using eight bands known as Achievement Levels (AL). Each pupil will be given AL scores from 1 to 8 for each subject, instead of grades like A* to E.

A pupil's total PSLE score will be the sum of the AL of each of the four subjects, with the best possible total score being 4.

The entry scores released on Tuesday show that top schools such as Raffles Institution and Raffles Girls' School (Secondary) have entry scores ranging from 4 to 6, while entry scores for other popular schools such as Anderson Secondary School range from 4 to 10, and 6 to 11 for Crescent Girls' School.

The new AL system of broader bands are meant to be less stressful than the old T-score system, as pupils do not have to chase the last mark in a bid to outperform their peers.

The MOE, in a virtual briefing, said it generated the scores based on the 2020 cohort's PSLE results and school choice patterns. It simulated each pupil's individual subject score in AL terms and added the scores for each subject to form the total PSLE score.

The ministry then simulated each pupil's posting outcome based on the new posting system.

If two pupils with the same score vie for the last spot in a school, tie-breakers will come into play. The first tie-breaker will be based on citizenship. Singaporeans will get priority over Singapore permanent residents and international pupils.

The next tie-breaker is the pupil's list of school choices, where a pupil who puts the school higher on the list of choices will get priority.

If the tie still cannot be broken, computerised balloting will be used.

The newly released indicative PSLE score ranges reflect the score of the first and last pupils who would be posted to each school under the AL scoring system.

The PSLE score of the last pupil posted to a school in the previous year is referred to as the school's cut-off point (COP).

Under the simulation this year, the cut-off point ranged from 6 to 30.

Like the old T-score system, the score ranges are likely to vary from year to year depending on a cohort's PSLE results. However, the MOE said the indicative PSLE score ranges have remained largely stable in recent years and fluctuations would typically be by 1 AL.

Pupils who pass Higher Chinese Language (HCL) will continue to receive a posting advantage for admission to Special Assistance Plan (SAP) schools.

If pupils with the same PSLE score are vying for limited places in the same SAP school, those with better HCL grades - in the order of distinction, merit and pass - will be allocated a place ahead of other pupils.

This posting advantage applies before the tie-breakers.

With PSLE scores less finely differentiated under the AL scoring system, there are now only 29 possible scores, compared with more than 200 possible aggregates under the previous system.

Schools will therefore be less differentiated by COPs, which means that pupils would have a wider range of secondary schools to choose from, said the MOE.

Given that school choices will be a factor in tie-breakers, parents and pupils should consider carefully how they list the six school choices, the ministry said. It added that parents and pupils can consider at least two to three schools where the pupil's PSLE score is better than the school's COP.

The MOE said it expects that about nine in 10 pupils will not need to undergo balloting and that the vast majority of pupils will likely be successfully allocated one of their six school choices, which is comparable to that under the T-score system.

MOE director-general of education Wong Siew Hoong said that despite the new scoring system, the PSLE itself as an examination has not changed.

He said: "There is a certain stability within the schools' indicated PSLE score ranges, and the system has not been turned topsy-turvy."

The new system is part of the shift away from the overemphasis on examination results and chasing the last point, he added.

Mr Wong said parents and pupils may want to look beyond the COP when choosing a school and consider the pupil's learning needs, interests, school culture and ethos and co-curricular activities, as well as distance between school and home, among other factors.

Schools such as the School of the Arts Singapore, Singapore Sports School and NUS High School of Math and Science have separate admission processes and do not have indicative entry scores because they will not be participating in the 2021 Secondary 1 posting exercise.

Housewife Tammie Wong, 42, whose daughter is taking the PSLE this year at CHIJ St Nicholas Girls' School (Primary), said her daughter is hoping to continue with the affiliated secondary school and opt for either the O-Level or integrated programme track, depending on her score.

However, she added that if her daughter had a score that allowed her to choose between another school's integrated programme, or  join the Express stream at CHIJ St Nicholas, she would choose the latter because the familiar school culture is a priority for her and her daughter.

Ms Wong added that for the other school choices, the distance from their home in Thomson Road would likely play a factor as well.

She said: "School culture is very important, my daughter is very comfortable where she is so she will look for an environment that is similar to what she has now."

READ NEXT: Key questions on the new PSLE scoring system answered.



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