China 

Chinese attendees give US investment conference their collective snub as year-long trade war escalates, spills over to tech

The Chinese delegation to a major conference on foreign investments hosted by the United States government shrank sharply for a second year, as the protracted US-China trade war diminished business appetite amid tightening regulatory scrutiny in both countries on deals.A total of 76 company representatives and government officials from China attended the annual Select USA Investment Summit, down from last year’s 101 delegates and 155 in 2017, according to organisers of the Monday event in… Source link

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Singapore 

Non-profit started by former Singapore student to give 10,000 ofo and oBike bikes to needy kids in Myanmar, Singapore News

Lesswalk founder Mike Than Tun Win, 33, who had spent almost 18 years in Singapore as a student and is now back home living in Yangon, told The Straits Times in a phone interview on Tuesday (June 4) that he had the idea about a year ago, and started to act on it in March. “Some kids in Myanmar walk up to one hour to school, and most of them don’t have school buses or even know what school buses are,” he said. “This movement is not about buying a…

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Singapore 

Don’t panic, believe or give: Police warn of scam SMSes claiming ‘kidnap’ of loved ones , Singapore News

SINGAPORE – “I KIDNAPPED YOUR DAUGHTER/SON, CALL ME NOW BEFORE I KILL HER…PREPARE A RANSOM OF 10K NOW!!!!!” What should you do if you received such a text message? Do not panic, believe or give any money, the police said in an advisory on Saturday (June 1). There have been many reports of such messages from members of the public, police added. The messages typically claimed that the loved ones of the recipient had been kidnapped and asked for money as ransom. Photo: SINGAPORE POLICE FORCE The messages typically claimed…

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Home 

Hong Kong’s home sales flop for a second consecutive weekend as worsening US-China relations give buyers more cause for pause

Hong Kong’s home sales flopped for the second consecutive weekend, as an unexpected deterioration in US-China relations gave investors reason to postpone making long-term financial commitments.Two flats were sold out of 104 units on offer in three districts across the city, marking the worst sales weekend for developers since the city emerged from its five-month price correction in January.Wang On Properties managed to sell two of the 86 flats at its Maya by Nouvelle project in Yau Tong as of 5… Source link

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Global 

Shanghai to give tax incentives and funds to nurture home-grown chips industry as China enters next battlefront over technology

Shanghai’s government will offer tax incentives and funding to nurture China’s home-grown industry of producing semiconductor chips, as the country finds itself drawn into a new battlefront over technology with the United States.Integrated circuits (IC), artificial intelligence (AI) and biotechnology will be the three key industries that the municipal government of China’s premier commercial city will focus its resources on, said Shanghai’s Vice Mayor Wu Qing during a press conference in the… Source link

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Home 

Hold the champagne, Mr Trump. China isn’t about to give the US a preferential trade deal

Seven months ago, as the United States’ tariff war on China began to bite and trade negotiations began to get serious, I crafted a memo advising Xi Jinping on his best negotiating strategy. As we are now on the brink of what Donald Trump will inevitably boast is the best US trade deal ever, I face a moment of truth: did Chinese negotiators heed my advice? Will the world trading economy emerge in a better place? Will the pain and cost of the tariff war have been justified?In short, my…

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Singapore 

Here’s what happens when you give up your HDB BTO queue number, Singapore News

The recent HDB BTO February 2019 exercise saw the Whampoa/Kallang launch highly oversubscribed, with ten couples vying for one flat. You can find the application results here. For couples that were lucky enough to get a queue number, here are 5 important things you need to check off your list before going to your hdb appointment. WHY PEOPLE GIVE UP THEIR BTO QUEUE NUMBER These people received a queue number but chose not to book a flat during their HDB appointment, or did not even make it to the HDB…

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China 

China refuses to give up ‘developing country’ status at WTO, despite US demands

China will refuse to give up the “special and differential treatment” it enjoys as a developing nation at the World Trade Organisation, in a rebuke to a US proposal that would pare back the privileges China and other nations enjoy on trade.China is categorised as a developing country at the Geneva-based institution, which affords it “special and differential treatment”. This enables China to provide subsidies in agriculture and set higher barriers to market entry than more developed economies… Source link

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Global 

Donald Trump should know to give up on his trade or currency wars because they are easy to lose and impossible to win

Donald Trump in effect declared defeat as he walked away from his Hanoi summit with Kim Jong-Un last month, and he might well be advised to do the same in trade negotiations with China before he stumbles even deeper into trouble.Team Trump has opened up a Pandora’s Box and is ill-equipped to deal with what’s inside.Japan could be next on Trump’s hit list for a trade deal and Tokyo fears there could be a currency element in the deal, as there may be yet with China. If so, this would…

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Singapore 

Surgeon fights suspension for failing to give adequate medical leave, Singapore News

SINGAPORE – A hand surgeon who gave a foreign worker one day of medical leave and certified him fit for seven days of light duties after surgery is fighting against his conviction for professional misconduct. Dr Looi Kok Poh was handed a six-month suspension by a disciplinary tribunal which found that he had failed to give adequate medical leave to the patient, a 32-year-old Indian national who worked as a welder in a shipyard. On Monday (March 4), Dr Looi argued that the medical certification was justified, given the particular…

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