Daily Archives: 2018-08-24

Chinese national imprisoned for offering bribe to auxiliary office after breaching URA housing rules

A 41-year-old Chinese national, Zhang Junli, was sentenced to three weeks’ imprisonment for corruption on Friday (24 August). Ina press release on friday, the Corrupt Practices Investigation Bureau (CPIB) stated that the man had earlier been charged on 16 August 2018 with one count of corruptly offering gratification to an officer with the Certis Cisco Auxiliary Police Force Pte Ltd (Certis Cisco), …

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Singapore’s transport minister meets Malaysian ministers to discuss KL-Singapore High Speed Rail and Johor-Singapore Rapid Transit System

In a visit to Malaysia’s administrative capital city Putrajaya yesterday (Aug 23), Singapore’s Transport Minister Mr Khaw Boon Wan discussed the Kuala Lumpur-Singapore High Speed Rail (HSR) project with Malaysia’s Economic Affairs Minister Mr Mohamed Azmin Ali. According to a Ministry of Transport spokesperson, the purpose of the meeting was to “continue the discussion they had on 11 Aug on …

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Singapore’s MSK_Poseidon raising the bar for local PUBG esports scene

Esports is a fast growing sector of sports and Singapore is not being left behind. In April, a group of gamers who call themselves MSK_Poseidon became the only Singaporean team to qualify for the PUBG Australia Invitational 2018, placing 7th our of 20 teams. In June, they were crowned champions at the PUBG SEA Championship Tournament. Most recently in August, …

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Company directors convicted for false lodgement of information

Three company directors, N Suresh, Makhali Bin Kasmani and Wang Rui, were convicted for filing false or misleading documents with Accounting and Corporate Regulatory Authority (ACRA) and pleaded guilty to the charges for offences under section 401 of the Companies Act, and were levied with fines of $7,500, $9,200 and $9,500 respectively. In a press release on Friday (24 August), ACRA …

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An HDB flat is for building a home, not an asset or a nest egg

by Ng E-Jay Approximately three decades after the Singapore government mooted the concept of asset enhancement and the evolution of public housing as a retirement nest egg for Singaporeans, it is time to confront some harsh realities. Firstly, asset appreciation of leasehold property such as HDB flats and private property like condominiums has a natural time limit of 99 years, …

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