Daily Archives: December 4, 2016
Political elites are out of touch with ordinary Singaporeans
The irony of how the harder Singapore politicians try to show they know the needs and worries of ordinary people, the more apparent it is that they have become out of touch with realities on the ground.
Jho Low sentenced to 10 years in prison by Kuwaiti court in absentia
Malaysian business Jho Low, a key figure in the 1MDB scandal, has been sentenced to 10 years in prison for money laundering in Kuwait. He remains on the run. The case involves the largest case of crime of money laundering involving Chinese currency equivalent to RMB 343 million and 700 thousand Kuwaiti dinars.
Disruption of DBS digital services on 29 Mar morning, customers face difficulty making payments
Access to DBS' digital services was disrupted on Wednesday (29 Mar), causing users to be unable to log in. Customers logging in to both DBS...
Taiwan president heads to US, Central America to shore up ties
Taiwan's President Tsai Ing-wen is set to visit the US to strengthen ties with Guatemala and Belize after China took another of the island's few diplomatic allies. Analysts suggest the trip comes at a critical moment, with Beijing increasing diplomatic, military, and economic pressure since Tsai took office in 2016, poaching nine of Taiwan's diplomatic allies since then. The United States remains Taiwan's most crucial international ally, and its most significant arms supplier, despite switching its own diplomatic recognition to Beijing in 1979.
Six-year-old boy suffered broken arm at Sengkang playground after tripping over a hole on...
A recent report by Shin Min Daily News stated that on Wednesday, (22 Mar), at around 7 pm, a six-year-old boy broke his arm...
Philippine fishermen struggle as oil spill keeps them ashore
The Philippine tanker disaster continues to spread toxic sludge and oil across the waters, affecting hundreds of kilometers of marine life. The government has banned fishing and swimming indefinitely, leaving thousands of fishermen to wonder how long they can survive. Despite cleanup efforts, the oil keeps coming back, and experts estimate it will take at least six months to clean up the spill, with recovery taking years. The disaster could not have come at a worse time for people living hand-to-mouth, and the government's assistance may not be enough to sustain their livelihoods for an extended period.
US senators slam regulators for SVB oversight failures
US lawmakers accused regulators of failing to prevent the collapse of Silicon Valley Bank, which sparked a broader sell-off of banking stocks. The Senate Banking Committee grilled senior Federal Reserve, Treasury and Federal Deposit Insurance Corporation officials about their inability to prevent the Californian lender's collapse on 10 March, with regulators promising to investigate any failings they may have made in their oversight of SVB.