Thursday, 23 May 2024

Asia

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Spell of heavy smog in Indian capital raises fears for Covid-19 patients

NEW DELHI (REUTERS) – Residents of the Indian capital are enduring one of the worst spells of air pollution in years, data released on Monday (Nov 9) showed, raising the risks to city residents posed by the novel coronavirus, doctors said. Pollution in New Delhi had almost disappeared earlier this year, when the government imposed […]

222 under investigation for loan-sharking activities

SINGAPORE – A total of 222 people are being investigated for loan sharking following a two-week police blitz against such activities that ended on Sunday (Nov 8). In a statement on Monday , the police said those being investigated are aged between 15 and 77. During the operation that began on Oct 26, officers from […]

Sengkang Town Council's independent panel appoints lawyer to act in appeal

SINGAPORE – Law firm Tan Kok Quan Partnership has been appointed to act for an Independent Panel tasked by the Sengkang Town Council (SKTC) ) to handle matters related to a court appeal involving Workers’ Party (WP) MPs Sylvia Lim and Pritam Singh plus others. Court documents show Ms Marina Chin, joint managing partner of […]

'Don't worry': Pro-Trump Taiwan seeks to reassure over Biden

TAIPEI (REUTERS) – Taiwan’s top China policymaker on Monday (Nov 9) sought to reassure nervous lawmakers that Democrat Joe Biden will continue US support for the Chinese-claimed island, which has benefited from strong backing by the outgoing administration of Mr Donald Trump. Tensions over democratic Taiwan have escalated dramatically since Republican Trump took office four […]

Singapore well-placed to meet rise in debt restructuring demand amid Covid-19

SINGAPORE – Recent debt restructuring cases underscore Singapore’s position as a regional insolvency hub, with the latest being a note holders’ go-ahead last week for a Jakarta-based conglomerate’s scheme to restructure US$231 million (S$311 million) of secured notes due next year. The note holders, who are a class of creditors of PT MNC Investama holding […]

U.S. stock futures higher after Biden election win

NEW YORK (Reuters) – U.S. stock index futures rose on Sunday after President-elect Joe Biden was declared the winner on in a highly contentious election. Biden’s victory in Pennsylvania on Saturday put him above the 270 Electoral College votes needed to secure the presidency, four days after Election Day, although President Donald Trump does not […]

S'pore's restructuring regime even-handed, neither pro-creditor nor pro-debtor: MinLaw

SINGAPORE – The Ministry of Law (MinLaw) is committed to promoting a regime that seeks to maintain a balance between competing interests, without favouring either debtors or creditors. A spokesman, responding to queries from The Straits Times last week, said Singapore has a modern and progressive regime that incorporates the best features of the world’s […]

Two dead following mid-air collision of two helicopters in Malaysia

KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – A helicopter has crashed in Taman Melawati, a neighbourhood in Ulu Klang, Selangor, after colliding with another helicopter mid-air on Sunday (Nov 8) morning. It is learnt that the aircraft crashed in an area near a Tamil school. Two men were killed in the collision, police said. Another two, […]