Posts by Liam Redmond
Singapore Charges 3, Including Chinese National After Probe into Nvidia Server Fraud Case
Singaporean police charged three men for allegedly scamming an unidentified computer server supplier, bringing attention to the role that local middlemen play in distributing Nvidia Corp. chips globally. The main question in the case is whether the three of them contributed to deceiving the server supplier by, among other things, falsifying the hardware’s real end-user…
Read MoreCrew Member Injured After ‘Unauthorised Boarding’ of Tanker in Singapore Strait: MPA
The Maritime and Port Authority of Singapore (MPA) said in a media release that a Singapore-registered chemical tanker was boarded without authorisation in the Singapore Strait on Friday morning, February 28. The vessel, Basset, was boarded at about 7 am outside Singapore’s territorial waters in the Singapore Strait, which separates the country from the Indonesian…
Read MoreSingapore stocks fall as trade tariff concerns re-emerge overnight; STI down 0.7%
SINGAPORE stocks fell in tandem with other regional markets on Friday (Feb 28) as investors reassessed the potential impact of tariffs imposed by US President Donald Trump. The Straits Times Index (STI) fell 0.7 per cent or 25.49 points to 3,895.70. Across the broader market, losers beat gainers 379 to 226 after 2.1 billion securities…
Read MoreMinority shareholders request UOI to distribute Haw Par shares, unlock shareholder value
Group, led by independent investor Ong Chin Woo, also asks for an independent financial adviser to be appointed SOME minority shareholders of United Overseas Insurance (UOI) have proposed two resolutions to be tabled at the insurance provider’s upcoming annual general meeting (AGM), in a bid to further unlock shareholder value. These include distributing UOI’s holding…
Read MoreWhy is Singapore raising land betterment charges for non-profit usage?
THE government has raised land betterment charge (LBC) rates on average by 0.1 per cent to nearly 3 per cent for commercial, residential, industrial and hotel use groups for the next six months. However, LBC rates for the place of worship and civic and community institution use group have been increased by about 6 per…
Read MoreChina, Hong Kong stocks close the week lower on fresh Trump tariffs, focus on NPC meeting
CHINA and Hong Kong equities closed the week lower, ending weeks of gains, as US President Donald Trump announced fresh tariffs on Chinese imports, while investors booked profit on tech stocks and turned focus to next week’s annual parliamentary meeting. Hong Kong’s benchmark Hang Seng Index on Friday (Feb 28) slumped over 3 per cent,…
Read MoreGene Hackman’s wife Betsy Arakawa kept him on ‘strict diet’ before their mysterious deaths, pal says
Gene Hackman’s wife, Betsy Arakawa, did her best to prolong the iconic 95-year-old actor’s life by ensuring he stuck to a very strict diet, according to a pal of the late couple. The couple, who had been married since 1991, were found dead alongside their dog at their Santa Fe, NM, home this week. No foul play…
Read MoreCitigroup mistakenly credits customer account US$81 trillion in ‘near miss’, FT reports
CITIGROUP erroneously credited US$81 trillion, instead of US$280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has sought to fix, the Financial Times reported on Friday (Feb 28). The error, which occurred last April, was missed by a payments employee and…
Read MoreTrump’s Federal Purge Blocked! Judge Slams Plan as ‘Dangerous and Illegal
A federal judge in California has temporarily blocked the Trump administration’s directive to fire thousands of probationary federal employees. U.S. District Judge William Alsup ruled that the Office of Personnel Management (OPM) does not have the legal authority to mandate such mass terminations, even for employees who have been with the government for less than…
Read MoreDear Abby: I cut my sisters out of my life after they showed no remorse to our dying mother
DEAR ABBY: I have two sisters. Our mother passed away last year after a bad fall. I was her primary caretaker and was with her every day. The other two sisters were not speaking to her at all, which hurt her deeply. She had dementia but still missed them and would talk about them often.…
Read MoreFBI Accused of Blocking Investigation Into Trump Rally Shooter as Questions Loom Over Possible Accomplices
Nine months after a failed assassination attempt on former President Donald Trump, the motive behind the attack remains unclear. The shooter, 20-year-old Thomas Matthew Crooks, left no manifesto or explanation. Authorities and those who knew him are still searching for answers. FBI Accused of Blocking Investigation According to sources cited by the New York Post,…
Read MoreOng Beng Seng to plead guilty on Apr 2
PROPERTY tycoon Ong Beng Seng, 79, has decided to plead guilty. He faces two criminal charges in relation to dealings with former minister S Iswaran. The first charge, for abetting an offence under Section 165, relates to flights and a hotel stay. Ong allegedly offered Iswaran a trip to Doha in December 2022, and arranged…
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