The resale property market may be hitting rock bottom as shown by the latest transaction data. They show that private apartment resale prices fell again last month – the third consecutive month of decline –
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Singapore orders bank closure and fines over 1MDB links
The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching anti-money laundering controls. The action follows an investigation into money flows linked to the Malaysian
Read moreThailand – Ailing Thai king undergoes blood purification
The Thai king’s health appears to have deteriorated further according to royal medical bulletin that says he underwent a procedure to purify his blood amid other physiological complications related to the heart. A statement issued
Read moreWhat flats can a senior citizen buy and can she appoint someone to buy it on her behalf?
Taken from the The Strait Times by Janice Heng Reader Nancy Goh, a single senior citizen Singaporean now working in the United States, intends to return home when she retires within the next five
Read moreE-scooter sales take off after e-bike safety rules kick in
Scoot, e-bikes. E-scooters have become more popular with consumers here, in tandem with a decline in interest in motorised bicycles. Some shops now sell hundreds of e-scooters a month, while sales of e-bikes are negligible. Retailers
Read moreMalaysia nabs 16 ISIS suspects in six-state swoop
KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – A total of 16 suspected Islamic State in Iraq and Syria (ISIS) militants aged between 20 and 38 years old have been detained in a six-state swoop, said
Read moreIranian Firms Interested injoint project with China over the Nicaragua Canal Project
Iranian companies are interested in contributing to the construction of a massive canal across Nicaragua that a Chinese company is to build, Foreign Minister Mohammed Javad Zarif said Wednesday. Representatives of private Iranian construction companies
Read moreSeven Weird Facts About China’s Newest Glass Bridge
Any tourist not afraid of heights must rejoice! China finally opened the long awaited Zhangjiajie Grand Canyon Glass Bridge. Announced in 2012, construction of the skywalk began in late November 2014. Designed by Israeli architect
Read moreFlash crash sees the pound gyrate in Asian trading
The pound has dived on Asian markets with automated trading being blamed for the volatility. At one stage it fell as much as 6% to $1.1841 – the biggest move since the Brexit vote –
Read moreThe place to invest in Asia- Malaysia
1: Kuala Lumpur, Malaysia Good: Low transaction costs, high yields for luxury apartments, reforms improved rental market. Bad:High rental income tax, pro-tenant rental market. The economy is slowing, the ringgit is depreciating, and there’s a
Read moreUS shuts down sex trafficking ring targeting Thai women
US prosecutors say they have shut down an international sex trafficking ring in an operation stretching from Thailand to the US. Twelve Thai nationals and five Americans were charged with illegally transporting hundreds of women
Read morePolice in India detain 750 over US call centre scam
Police in the western Indian city of Thane have arrested more than 750 people suspected of defrauding US citizens from a fake call centre. Officers say the suspects obtained lists of US tax defaulters and
Read moreFormer students call NYU’s Singapore art school an ‘educational scam’
SINGAPORE: Three former Tisch Asia students have filed a class action lawsuit against New York University (NYU) over its now-defunct Singapore art school, saying that they were victims of an “educational scam”. According to court
Read moreMore details emerge of Pilbara property developer’s $190m ‘Ponzi scheme’
A Pilbara property developer accused of running what might be a $190 million Ponzi scheme plans to charge investors about $180 to attend a Perth function updating them on the business. Veronica Macpherson has invited
Read moreTop 10 Culture Shocks When Living As Expat In Singapore
By: Laura Scheffner When I was 6 year old, I like to keep a list which would name all countries that I’ve visited. I used to be so excited about adding countries that even a
Read moreSingapore Home Prices Slide by Most in More Than Seven Years
Singapore home prices dropped by the most in more than seven years as developers offered discounts amid signals from the government that it won’t roll back property curbs initiated in 2009. An index tracking private
Read moreCompany switches off office lights every day at noon – and wins the President’s Award for the Environment
SINGAPORE- It is mid-day and office product supplier Ricoh Asia Pacific Pte Ltd’s office appears abandoned. As the glare of the sun ricochets off the glass windows, it is all darkness inside. That is because
Read moreSingaporean climber found dead in ravine at Mount Kinabalu
SINGAPORE: A climber from Singapore has been found dead after going missing on Mount Kinabalu. Woon Tai Kiang was found early on Sunday (Oct 2) in a 150-metre-deep ravine near Sayat-Sayat, a checkpoint on the
Read moreWyndham Hotel Group opens more timeshare resorts in Asia
PHUKET: South East Asia’s inaugural Wyndham Grand location will debut in Phuket later this year, thanks to a management agreement recently signed between Parisorn Company Ltd and the Wyndham Hotel Group. Wyndham Grand Phuket Kalim
Read moreDelisting SMRT: Transition that is long overdue
SMRT Corp should not have been publicly listed in the first place. Readers may recall that I have written time and again about how it is extremely difficult for a public transport operator to serve
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