Home 

Easy money is losing its magic as global recession fears spread

The “bad news is good news” mantra has pervaded financial markets ever since the world’s leading central banks embarked on quantitative easing to help shore up recession-ravaged economies during the global financial crisis.It is a testament to the potency of ultra-loose monetary policy that mere hints of additional stimulus have been enough to spark some of the fiercest rallies in markets over the past several years. As recently as the beginning of last January, signals from the Federal Reserve… Source link

Read More
Singapore 

Ex-YG boss Yang Hyun-suk said to have used money from artists’ concerts to gamble in Vegas, Singapore News

The founder of top South Korean talent agency YG Entertainment, Yang Hyun-suk, was forced to step down over criticism that it had not managed its artists well. Two singers, BigBang’s Seungri and FT Island’s Choi Jong-hoon, were booked by the authorities for offences from embezzlement of funds to bribery for covering up drink-driving. Now, there is talk over whether YG has managed the money earned by its artists in a professional manner. Yang, who is being investigated for gambling, is said to have used the proceeds from YG artists’ shows…

Read More
Vietnam 

Shares slide, money flows into industrial sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      Investors at a Maybank Kim Eng brokerage house. Việt Nam’s benchmark VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI – Local shares continued to slide on Tuesday amid rising foreign net selling. On the Hồ Chí Minh Stock Exchange, the VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. On the Hà Nội Stock Exchange, the HNX-Index closed down 0.99 per cent at 101.89 points. Both stock indices also fell on Monday. Nearly 254 million shares worth total VNĐ9.1…

Read More
Singapore 

Nigerian in jail for money laundering allegedly cheated fellow inmate, Singapore News

Amos Paul Gabriel, the Nigerian involved in an international money laundering scheme, was back in court yesterday to face a cheating charge. Amos, 48, had allegedly cheated another inmate Milled El Khouri of A$40,000 (S$38,000) sometime between January and May last year at Changi Prison Complex. He allegedly deceived the victim into believing the money would be used to post bail for him. The victim then delivered cash to a person named Chung Ting Fai through a person named Enkhadalai Mandakh. At the time of the offences, Amos was in…

Read More
Home 

As protests rock Hong Kong, money may flee to safer and cheaper property markets

As Hong Kong’s political crisis enters a dangerous new phase, with the protests erupting into violence, the city’s reputation among investors is taking a severe knock. The territory’s rule of law and fundamental freedoms – crucial advantages that have underpinned Hong Kong’s status as Asia’s premier financial centre – are being eroded, raising the spectre of an exodus of capital and businesses from the city.In the property market, the unrest coincides with – and indeed is being partly fuelled… Source link

Read More
Vietnam 

Foreign investors continue to pour money into Đồng Nai – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Paint being produced at South Korean-backed KCC Việt Nam Co in Đồng Nai Province’s Long Thành Industrial Zone. Photo VNA ĐỒNG NAI — The southern province of Đồng Nai lured more than US$1.14 billion in foreign direct investment (FDI) in the first seven months of this year, easily surpassing its target for the entire year, according to the provincial Department of Planning and Investment. During the period, the province granted licences to 55 new projects worth more than $537 million in total. It also allowed 64 existing projects to raise their capital levels by $604…

Read More
Home 

Spend money where it’s needed to get Hong Kong back on its feet

Another week. Another set of people’s marches; another unhappy press conference by the chief executive; another attempt by the commissioner of police making like a fish in his attempt to explain police (in)action. Another clash between gas mask-/cling film-wearing rioters out for a bit of sport; another set of conflicting orders for our long-suffering police constables taken from policing to be put in harm’s way. But it takes a special kind of animal to hit an unsuspecting passer-by, multiple… Source link

Read More
Singapore 

Singapore families can now share their mobile plans to save money, Digital, Singapore News

Say hello to VIVIFI, the latest Mobile Virtual Network Operator (MVNO) on the block that wants people to maximise their mobile plans by allowing family members to share oodles of mobile data among themselves. The appeal of the only non-contract VIVIFI Share mobile plan in Singapore is this: a scenario where a family of four could fork out as low as $11.49 each for 20GB of data, 300 minutes of talk time, and 100 text messages to go around between them. They’re throwing in an extra 2GB of data for every…

Read More
Singapore 

Teen arrested for attempting to extort money from woman using confidential information, Singapore News

SINGAPORE – A 19-year-old has been arrested for a series of suspected extortion attempts, including one in which he tried to extort money from a woman. The police said in a statement on Wednesday (July 17) that they received a report from the woman on Tuesday that an online acquaintance had threatened to upload confidential information relating her if she did not transfer money to the person. It is understood that the information was private and personal to the victim. Officers from the Bedok Police Division identified the teenager and…

Read More
Home 

Top China VC sees flood of money into 5G-related areas in next 36 months

Venture capital investments are likely to pour into 5G-related areas in China in the next two to three years, as the next-generation mobile technology enables new businesses to emerge, according to Jixun Foo, managing partner at GGV Capital.It pays to understand how technology leaps unleash innovation, said Foo, who is consistently recognised as one of the top venture capitalists in China. He has invested in various unicorns – private companies valued at more than US$1 billion – including Didi… Source link

Read More