Aradhana Aravindan

Singapore’s preparations for this year’s Formula One Grand Prix are at an advanced stage and the race will continue as planned, Minister for Trade and Industry Gan Kim Yong said in a written response Thursday.

Pershing Square Capital CEO Bill Ackman said that increasing immigration may be a more effective tool to tamp down inflation than the Federal Reserve raising interest rates and “destroying demand.”

A controversial Singapore law that aims to prevent foreign entities or individuals from influencing politics in the country will come into effect from Thursday.

Singapore’s largest lender DBS Group Holdings Ltd. has raised the rates on all its home loan packages as of Tuesday, The Straits Times reported, as it joins other banks in tracking the Federal Reserve’s decision to boost interest rates to tame inflation.

A booster Covid-19 shot brings about a dramatic reduction in the rate of severe illness and death among those 60 years and above, compared to those who received only two doses, Singapore’s health minister said, citing local data from one of the world’s most inoculated places.