Daily briefing: Public warned vs. 'pump and dump' scheme; MoH to provide 170,000 Sinovac doses to private healthcare institutions

And 7 maritime firms face sanction for breach of safety measures.

From CNA

The Singapore Police Force has warned the public against the resurgence of the “pump and dump” investment scheme.

This followed reports that seven people were lured in buying shares in a US-listed company that cost them more than US$1m in just 48 hours.

The price of the stock bought by the victims dropped by nearly 80%, resulting in a loss of US$1.07m.

Read more here.

From CNA

The Ministry of Health is “facilitating” private healthcare institutions to order Sinovac COVID-19 vaccines as it expects supplies to arrive in the next weeks.

The government is expected to give some 170,000 doses of the vaccine to 31 private healthcare institutions.

This will inoculate around 85,000 people in total.

In addition, around 30,000 doses will be provided to Singaporeans, permanent residents, and long-term pass holders who were allergic to the other vaccines.

Read more here.

From Mothership

The Maritime and Port Authority of Singapore has imposed sanctions on 47 individuals and seven companies in the maritime sector after violating safe management regulations.

The breach of regulations on pleasure craft, harbour craft. and ocean-going vessels were conducted between November 2020 and June 2021.

Out of all the cases, 52 were subjected to a fine ranging from $300 to $3,000 each.

Read more here.