Monthly Archives: July 2016

ECB keeps rates unchanged, BOJ becomes the biggest puzzle

By Margaret Yang, CMC Markets The European Central Bank decided to leave rates unchanged despite worries about how Britain’s vote to leave the EU will affect the economy. The broad-based major European markets closed mixed on Thursday. The Japanese yen surged by over 1% right after the BBC showed a recorded video in which the BOJ’s governor Kuroda said there …

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A man sold 66,000 illegal SIM cards jailed for four year

On Thursday (July 21), a 43-year-old man was sentenced to four-year jail for selling more than 66,000 SIM cards between January 2010 and August 2012. Tan pleaded guilty to 220 charges out of 660 charges under the Computer Misuse and Cybersecurity Act. The remaining 440 charges were taken into consideration during sentencing. Tan Kong Chieh had registered false ownership information …

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Cigarettes smugglers seized at Woodlands Checkpoint

Immigrations and Checkpoints Authority (ICA) announced on July 20 that a total of 3,190 cartons and 1,512 packets of cigarettes were seized at the Woodlands Checkpoints on July 19 during three separate seizures. The total potential customs duty and Goods and Services Tax (GST) involved amounted to about $259,280 and $26,100 respectively. The first seizure occurred at 4.15 am. A Malaysian-registered …

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Five warning signs that your debt is out of control

By SingSaver.com.sg For the average Singaporean, debts are a normal part of life. Here’s how to tell if your debts are spiraling out of control. For us average folk, debts are an inevitable part of life. At the very least, most Singaporeans have a home loan to settle. But if you’re struggling to keep up with repayments, your debts may have …

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Thomson-East Coast Line may be extended to Changi Airport

At the ground-breaking ceremony of the East Coast stretch of Thomson-East Coast Line (TEL) at the Marina Parade project site on Thursday (July 21), the Minister for Transport, Khaw Boon Wan stated that there is a possibility of extending the TEL from Sungei Bedok to the upcoming Terminal 5 of Changi Airport. “It would provide a direct connection from the …

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Questions that Singapore parliament ought to answer about the High-Speed Rail project and 1MDB?

Just yesterday (July 20), the Department of Justice (DoJ) of United States, filed lawsuits on Wednesday seeking to seize dozens of properties tied to 1Malaysia Development Berhad (1MDB), saying that over $3.5 billion was misappropriated from the institution. The DoJ wrote in its press release, “According to the complaints, from 2009 through 2015, more than $3.5 billion in funds belonging …

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Singapore equities lead Asia’s gain, crude oil rebounds

By Margaret Yang, CMC Markets Singapore’s Straits Times Index rallied 26 points on Wednesday and closed 0.9% higher, marking a three-month high of 2,945 points. SingTel (+1.4%), HK land (+5.2%) and ThaiBev (+3.6%) were among the best performers. Hong Kong Land jumped 5.5% on Wednesday as HK’s property market is on track for improvement on alleviated concerns of an interest …

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Two men brought to court by AVA for 49 counts of charges

SINGAPORE – The Agri-Food & Veterinary Authority (AVA) madia released on Wednesday (July 20) stated that two men were charged after failing to care for dogs in their charge and not complying with animal licensing conditions The Straits Times reported, Low Chong Kiat, 43, is suspected of abandoning 18 dogs in March this year. He will be charged in court …

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