Friday, 22 April 2016

Singapore Charges Ex-Banker Following 1MDB Probe

Yeo’s lawyer, Philip Fong, asked the judge to grant Yeo the "fundamental right" to counsel and said Yeo had been cooperating with the police since he was investigated in October and will continue to do so. Yeo isn’t a flight risk as he has family in Singapore and is willing to cooperate further with the authorities, Fong said.

The judge denied Yeo’s request for access to counsel.


Moët-Hennessy set to debut first luxury Yunnan wine

A partnership between French conglomerate Moët-Hennessy and Chinese baijiu consortium VATS has led to the creation one of the highest elevation wineries in the world. The joint venture is set to debut its first luxury vintage this summer, following years of negotiation and preparation.

GoKunming

Monday, 18 April 2016

Drinkers drive up demand for valet services

After a night of drinking, Mr Sean Tan usually gets into his car to head home. But the 32-year-old accountant does not take the wheel.

Enrolling fishermen in sovereignty claims

Chinese fisherman Chen Zebo was 13 when he first went out to sea, 19 when he headed to Scarborough Shoal and 30 when he was first arrested by the Philippine authorities on charges of illegal fishing.

Cheaper phone calls overseas with gadget

Dubbed Qongle, the device lets travellers make or receive calls from any Singapore number without subscribing to auto-roaming, which costs about $10 a month.

Top US colleges putting thousands of applicants in wait-list limbo

Students applying to top colleges crave to hear “yes!” when decisions roll out in March and brace themselves for “no”. But huge numbers get a vague answer that is neither admission nor denial - a tantalising “maybe” - with an invitation to join a wait list.

Friday, 15 April 2016

Government rebuts Lee Suet Fern’s comments on scheme

Ministry defends 2008 scheme which lawyer Lee Suet Fern says has not benefited Singapore lawyers enough

Wednesday, 13 April 2016

China’s swelling junkyards are readying iron ore’s next threat

As China’s booming middle class junks aging cars and home appliances, the next threat to the world’s ailing iron-ore producers is materializing.

Tuesday, 12 April 2016

Uber, GrabCar drivers to have vocational licences; undergo background checks

Private chauffeur drivers operating under apps such as Uber and Grab will be regulated in Singapore, to safeguard commuters' interest.

Singapore private car hire drivers to be licensed

To better protect commuter interests, in particular their safety, drivers of ride-hailing apps like Uber and GrabCar will require a licence by the first half of 2017, while their private hire cars will have to be registered with the Land Transport Authority (LTA).

Offshore vehicles not illegal: MAS

Central bank says it has a strict legal and regulatory framework to guard against money laundering and terrorism financing

Sunday, 10 April 2016

Pavlovian conditioning and 'correct thinking' on the South China Sea

On a global scale, China is not a clearly revisionist power. But Beijing wants to reclaim something of its historical centrality in East Asia. The United States has emphasised that it intends to remain an East Asian power.

Friday, 8 April 2016

Why few Americans appear in the Panama Papers

But one group is not there: prominent Americans. US tycoons and politicians are notably absent in the leaked files of the Panama law offices of Mossack Fonseca, which created thousands of shell companies worldwide to hide the identities of their ultimate owners, some of whom may have been evading taxes.

Mossack Fonseca has office in Singapore

Mossack Fonseca, the Panamanian law firm at the centre of the document leak, has an office in Singapore. It shares office space in the Jit Poh Building at 19 Keppel Road with TPS Corporate Services, a firm that helps clients set up and manage companies in different jusrisdictions, both onshore and offshore.

Wednesday, 6 April 2016

‘Arrogance’ why Western tech firms fail in China: Top VC

"Western imperial arrogance" rather than government regulation is the reason technology firms fail in their attempts to expand into China, according to the chairman of a top Silicon Valley venture capital (VC) firm.

CNBC

Monday, 4 April 2016

Law firm in 'Panama Papers' leak is secretive, with big clients

Mossack Fonseca, the Panama-based law firm at the heart of the "Panama Papers" scandal, is a discreet outfit with a roster of big-name clients and a quiet reputation for hiding money from the tax man.

Wednesday, 30 March 2016

Master con man tells how foreign criminals launder illicit fortunes through China

The country’s well-developed underground financial networks have caught the attention of foreign criminals who are using mainland China and Hong Kong to clean their dirty money and pump it back into the global financial system — largely beyond the reach of Western law enforcement, an Associated Press investigation has found.

Tuesday, 29 March 2016

Argentina hails UN decision to expand its maritime territory

Argentina's government celebrated on Monday a decision by a U.N. commission expanding its maritime territory in the South Atlantic Ocean by 35 percent to include the disputed Falkland islands and beyond.

AP

Sunday, 27 March 2016

Shanghai’s allure fading for migrants

After living in Shanghai for nine years, Mr Teng Yiye, 38, and his family moved to a small town in neighbouring Jiangsu province in late 2014. It takes Mr Teng about an hour to drive to Shanghai to attend meetings for his interior design business, but he believes he made the right decision to leave the city.