Daily Archives: 2018-10-16

Man arrested for suspected importation and possession of counterfeit bags, wallets and watches for the purpose of trade

A 21-year-old man was arrested for suspected importation and possession of counterfeit bags, wallets and watches for the purpose of trade, Singapore Customs (SC) announced in a joint press release with Singapore Police Force (SPF) on Monday (15 October). In the release, it was said that SC officers inspected two consignments at a warehouse at Woodlands Industrial Park and found …

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Major financial institutions stand united behind The Duke of Cambridge’s mission to disrupt the illegal trade in wildlife products

In an unprecedented move, global financial organisations have joined together to sign the 'Mansion House Declaration' as part of United for Wildlife’s Financial Taskforce meeting on Wednesday 10th October, agreeing that they "will not knowingly facilitate or tolerate financial flows that are derived from illegal wildlife trade (IWT) and associated corruption". The declaration includes commitments to sharing resources and intelligence …

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Singapore’s GDP grew by 2.6 percent in the third quarter of 2018

The Singapore economy grew by 2.6 percent on a year-on-year basis in the third quarter of 2018, moderating from the 4.1 percent growth in the previous quarter based on advance estimates. The Ministry of Trade and Industry (MTI) announced on last Friday that the economy expanded by 4.7 percent, faster than the 1.2 percent growth in the preceding quarter on …

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AHTC trial has a silver lining

Perhaps witness for Aljunied Hougang Town Council (AHTC), Mr Goh Thien Phong, a partner at accountancy firm PWC (Goh) is not the best choice for AHTC. Based on his performance in court as reported by the press, he seems to give the impression that PWC's internal communications is not well managed. He also comes across as rigid and illogical. Goh …

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4G Leadership display the misguided arrogance that is built not on their own efforts but on the efforts of those that have come before.

Finance Minister Heng Swee Keat (Heng) may have denounced Oxfam's findings that Singapore fares dismally in its measures to combat income inequality, he was light in detail as to why Oxfam's report was inaccurate. While Heng may have clocked his disappointment at Oxfam's report, what is the basis of his disappointment? That it reflects badly on the Peoples' Action Party …

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Political secretary of Malaysia’s Finance Minister launches criticism against ST’s “persistent misreporting”

In a press statement on Malaysian news channel Astro AWANI, Political Secretary to Malaysia's Finance Minister and Damansara Member of Parliament Mr Tony Pua has declared his dissatisfaction against The Straits Times (ST) for its "persistent misreporting" on the 1Malaysia Development Berhad (1MDB) scandal. Quoting two news stories by ST, Mr Pua expressed his "bemusement" and "surprise" at "the shocking …

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