SINGAPORE – A senior executive at Spring Singapore abused his position and masterminded a ruse to dupe the statutory board into disbursing nearly $155,000. Leong Weng Cheou, who roped in four friends in the scam, received more than $77,000 of this amount. Leong, 46, pleaded guilty in court on Thursday (Jan 31) to 18 counts […]
SINGAPORE – More people were working in Singapore last year, but Singaporean workers saw their incomes rising at a slower pace than in the previous year. The labour market improved overall, with fewer retrenchments and a lower annual average unemployment rate compared with the year before, according to the latest estimates released by the Manpower […]
(Reuters) – Fragile equity markets forced Federal Reserve Chairman Jerome Powell to pledge on Wednesday that the U.S. central bank will be patient with future interest rate hikes, said DoubleLine Capital Chief Executive Jeffrey Gundlach. “He’s caving to the stock market. The stock market scared him,” in late 2018, Gundlach, who oversees $123 billion, said […]
War of words heats up in disputed Kashmir region after Indian army chief threatens cross-border military operation. Four Pakistani soldiers were killed in a mortar attack by Indian forces along the Line of Control in the disputed Kashmir region as tensions between the nuclear-armed neighbours continue to rise. The Pakistani troops were conducting maintenance on […]
There are worries about the environmental impact of hydroelectric dams, especially those in China. Leaders of the countries along the Mekong River have been meeting in Cambodia to discuss how best to make use of the waterway. There are worries about the environmental impact of hydroelectric dams, especially those in China. Al Jazeera’s Wayne Hay […]
WASHINGTON (Reuters) – Contracts to buy previously owned homes fell in December, the National Association of Realtors said on Wednesday, in another sign of weakness in the housing market. The NAR’s pending home sales index decreased to a reading of 99.0, down 2.2 percent from the prior month. November’s index was revised to 101.2 from […]
DHAKA (AFP) – Bangladesh will Wednesday (Jan 30) file a lawsuit in New York against a Philippine bank over its involvement in one of the biggest-ever cyber heists, the country’s central bank governor said. Unidentified hackers stole US$81 million (S$109.5 million) from the Bangladesh central bank’s account with the US Federal Reserve in New York […]
Toxic smog in Bangkok has forced more than 400 schools to close for the rest of the week, to protect children from its harmful effects. Thailand’s capital city is experiencing some of its worst-ever air pollution levels, caused by ultra-fine dust particles known as PM2.5. Traffic exhaust, construction works, burning crops and pollution from factories […]
SINGAPORE – A Scoot flight carrying 341 passengers between Singapore and Gold Coast was forced to return to Changi Airport on Wednesday morning (Jan 30). Flight TR6, which was scheduled to depart at 10.20pm and took off at around 10.35pm on Tuesday, sustained some damage on the exterior of the front windshield during the flight. […]
SINGAPORE- Facebook will launch a new operations centre here to monitor and manage content related to political elections in the region, a move observers saw as a step in the right direction to fighting fake news. It will be one of two such new regional centres in the world, the other being in Dublin, Ireland. […]