The US Justice Department is looking to seize more than $1bn (£761m) in assets as part of its investigation into Malaysia’s state fund 1MDB. Lawsuits filed in Los Angeles by the Justice Department allege there
Read moreAuthor: David Lawless
All California Fitness outlets shut
SINGAPORE – California Fitness has shut down, “until further notice”, all its outlets including the ones in Novena and Bugis, because its owner JV Fitness lacks the finances to keep them running. This was announced
Read moreTemasek said to weigh buyout of Singapore subway operator SMRT
Singapore state investment company Temasek Holdings Pte Ltd is considering a buyout offer for SMRT Corp, the city-state’s biggest subway operator, a person with knowledge of the matter said. Temasek is weighing an offer to
Read moreMan convicted of raping partygoer on Sentosa beach
SINGAPORE – A 26-year-old former Sentosa beach patrol officer was on Monday (July 18) convicted of raping and sexually assaulting a drunk partygoer on Siloso Beach. The High Court found that the prosecution had proved
Read morePM Lee to visit Malaysia on Tuesday to witness signing of MOU on KL-Singapore high-speed rail
SINGAPORE – Prime Minister Lee Hsien Loong will be in Putrajaya on Tuesday (July 19) for the signing of an agreement on the much-anticipated high-speed rail (HSR) that will connect Kuala Lumpur and Singapore. Mr
Read moreThe world’s most expensive dining experience launches in Singapore
SINGAPORE: For some Singapore foodies, money is no object in the quest for the perfect gourmet experience. But even the most hardcore foodophile might balk at forking out a cool US$2 million (S$2.7 million) for
Read moreSuspected Standard Chartered Bank robber arrested in Bangkok
SINGAPORE: The man who allegedly made off with S$30,000 from the Holland Village branch of Standard Chartered Bank (SCB) has been arrested in Bangkok, the Singapore Police Force (SPF) announced on Monday (Jul 11). Police
Read moreSingapore Money scam foiled by moneychanger
SINGAPORE: Police have commended staff from a moneychanger and a remittance company for their “timely interventions” in foiling a scam attempt involving S$25,000. In a news release on Friday (Jul 8), police said Mr Malik
Read moreDo not return calls from numbers starting with ‘999’: Police on latest phone scam
SINGAPORE – If you receive a missed call starting with the numbers ‘999’, do not call back, the Singapore Police Force advised on Wednesday (July 6). Some members of the public have been receiving unknown
Read moreSingapore Airlines introduces upgrade bidding system for invited travellers
SINGAPORE – Singapore Airlines (SIA) has introduced a new bidding system for seat upgrades which will be available to invited customers, the airline said this week. Customers who have booked tickets in Economy class can
Read moreTwo US funds sue DBS Bank, OCBC for Singapore rate rigging
SINGAPORE: Two US-based investment funds have filed a lawsuit in New York against dozens of banks accusing them of conspiring to rig derivative prices incorporating Singapore interest rate benchmarks, a court filing showed. The suit
Read moreHow Brexit affects Singapore
Brexit will have little immediate impact on Singapore but longer-term impact from UK companies’ scaling down, or the EU slowing down, can be expected Britain is only No. 22 on the list of Singapore’s trading
Read moreSingapore Airlines plane catches fire after emergency landing
Flight SQ368, a Boeing 777-300ER, took off from Changi Airport around 2:25am on June 27 carrying 222 passengers and 19 crew, Singapore Airlines said. The flight had been expected to arrive in Milan at 8:45
Read moreBrexit vote a ‘turning point’: PM Lee
SINGAPORE: Britain’s vote to leave the European Union (EU) is a turning point, Prime Minister Lee Hsien Loong said on Friday (Jun 24), after the UK voted in a referendum to leave the EU. The
Read moreHulse wants use-it-or-lose-it clause for land bankers
Auckland deputy mayor Penny Hulse wants a “use it or lose it” clause for special housing area developers and restrictions on investor lending, while Tamaki Collective chairman Paul Majurey says the government should require 50-60% affordable
Read moreGlobal stocks rise, safe havens retreat as Brexit worries ebb
Global stocks rose sharply on Monday and sterling strengthened broadly while safe-havens including the yen and gold retreated, after polls showed support for Britain staying in the EU regaining momentum before Thursday’s referendum. Sterling has
Read moreChinese shares lead gains for major Asian bourses, shrugging off MSCI snub
Chinese markets led gains in a mixed session for major Asian bourses on Wednesday, shrugging off a decision by stock index provider MSCI on Tuesday to delay inclusion of mainland-traded Chinese A shares in its
Read moreIs it safe to use Apple Pay?
No need to deactivate your credit card, but your phone will have to be locked for security Reader Randall Heng wrote in to askST about using Apple Pay. “What happens if I lose my iPhone?
Read moreShanghai airport blast wounds four
A man has set off a homemade explosive device at Shanghai international airport, injuring four people as well as himself, Chinese officials say. The attacker threw a bottle containing explosives, which went off near a
Read moreSingapore cuts same-sex kiss from Les Miserables
A kiss between two male actors in the musical Les Miserables in Singapore has been removed from the show, after complaints from the public. The scene involved a brief peck on the lips during the
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