(Reuters) - Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of the value.
SINGAPORE : The western part of Singapore experienced one of the country’s heaviest downpours in over 40 years on the morning of Oct 14, with thunderstorms blanketing the island.
“This amount corresponds to 80 per cent of Singapore’s average monthly rainfall in October, and lies within the top 1 per cent of maximum daily rainfall records since 1978,” PUB said. The heavy rain on Oct 14 resulted in flooding in many areas, such as Tampines and Bukit Timah, with videos on social media showing vehicles slowly making their way through flooded roads.PUB said it issued flood risk warnings for 15 locations, including Dunearn Road in Bukit Timah, Sunset Way estate, parts of Bedok and Jalan Seaview, off Mountbatten Road.
It added that there are ongoing works to deepen and widen a 900m stretch of Bukit Timah Canal, expected to be completed by 2026. In 2022, a section of the road was raised as part of measures to alleviate flood risk there, said PUB.
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