China 

China’s social credit system will not lead to citizens losing access to public services, Beijing says

China’s controversial social credit system will not result in individuals or companies losing access to public services, a senior government official said.Lian Weiliang, vice-chairman of the National Development and Reform Commission (NDRC), China’s state planner, said that “in the past, there were some inappropriate punishment measures for dishonesty in some regions, which have already been regulated and corrected”.The social credit system assigns both positive and negative scores for… Source link

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Singapore 

Second chance at life: Singaporean finds liver donor after son posts appeal on social media, Singapore News

SINGAPORE – When his father’s chronic hepatitis B infection took a turn for the worse last month, Mr Leslie Tan decided to post an appeal for a liver donor on social media. He and his family were not sure if they could find any donors through the Facebook post. But within days, a 36-year-old stranger, Mr Lin Hanwei, offered his father a new lease of life. Mr Tan, 24, who is a student at Nanyang Technological University, told The Straits Times that it was “pure luck and coincidence” that Mr…

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Home 

Hong Kong developer walks away from Kai Tak project, citing ‘social contradiction and economic instability’

The Hong Kong developer that beat out several of the city’s biggest and wealthiest property groups for a commercial plot at the former Kai Tak Airport in May has had a change of mind after less than a month, saying it will abandon the offer, citing “social contradiction and economic instability”.Goldin Financial Holdings told a telephone conference on Tuesday that it was rescinding its HK$11.1 billion (US$1.42 billion) winning bid for C Site 4 at Kai Tak at the city’s former airport, forfeiting… Source link

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Vietnam 

VN’s first social tourism network launched – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The online travel agent Hahalolo launched its first social travel network on Monday. —  VNA/VNS Photo  HÀ NỘI — Việt Nam’s online travel agent and start-up Hahalolo launched its first social travel site in HCM City on Monday. The site, also an e-commerce platform, enables users to interact online, connecting travel agents, tour operators and retailers with their customers. It operates on the website www.hahalolo.com and mobile app Hahalolo, which is available on iOS and Android operation systems. New technologies will be updated to provide features that meet users’ demands.…

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Singapore 

Nursing home medical social worker misappropriated over $47k of residents’ money, Singapore News

SINGAPORE – A medical social worker entrusted with the ATM cards of two elderly residents in a nursing home misappropriated more than $47,000 from their bank accounts. Joney Song Siang Siang, 38, pleaded guilty on Friday (May 31) to two counts of criminal breach of trust. Mr Ho Park Tong, 77 and Mr Han Lee Fong, 80, were under her care at the Grace Lodge nursing home in Compassvale Walk when she persuaded them to activate their ATM cards. Song accompanied the pair during the activation process and noted down…

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Home 

Prominent Utah investor’s US$150 million fund eyes real estate projects in secondary US cities that promote social good

Real estate moguls, banks and money managers are rushing to capitalise on a new US tax break rewarding investments in poor communities. Now, one of the biggest names in impact investing is aiming to prove the perks are about more than profits.Jim Sorenson, a prominent Utah entrepreneur, investor and businessman, plans to announce on Monday that Catalyst, a private equity firm he helped found, is raising US$150 million to invest in opportunity zones. The group’s first fund, which Sorenson is… Source link

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Singapore 

Fake news law covers closed platforms like chat groups and social media groups, says Senior Minister of State for Law, Singapore News

A proposed law to fight fake news will also cover closed communications platforms – such as chat groups and social media groups – and even those with end-to-end encryption that only allows senders and recipients to read the messages being exchanged. Senior Minister of State for Law Edwin Tong said in Parliament on Tuesday (May 7) during the debate on the Protection from Online Falsehoods and Manipulation Bill that closed platforms, the likes of chat groups and social media groups, serve as “a public megaphone” as much as open ones.…

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Singapore 

‘Influencer’ PM Lee avoided social media in the past because of what dad Lee Kuan Yew told him, Singapore News

1.2 million. That’s the number of followers Lee Hsien Loong commands on Facebook. This was what prompted interviewers Kym Ng and Evelyn Lam to declare Singapore’s prime minister an “influencer”. Although Lee was quick to qualify that “1.2 million accounts [do not mean] they’re all fans” during a Mandarin interview shown on Mediacorp Channel 8 last night (April 28), it’s fair to say the country’s leader is popular, at least on social media. On Instagram, Lee has 383,000 followers and his posts on both platforms are usually well received. His…

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Home 

Why it makes good business sense to focus on environmental, social and corporate governance practices

“To do good and do well” has been the de facto mantra for corporate social responsibility.To care about one’s community is a big part of how businesses present themselves to their customers and the public these days. It shows they are not only here to take, but also to give back.Yet it’s now just as important for companies to demonstrate they are ethical entities with a conscience to investors.This greater emphasis on the holistic approach to business is reflected in the emergence of… Source link

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China 

China’s central bank denies collecting utilities records in attempt to ease concerns over social credit system

An individuals utility bill payment history will not be included as part of an upgrade to the credit monitoring system operated by China’s central bank, with The People’s Bank of China vowing to maintain the quality of data in an apparent attempt to ease concerns that the system is becoming too intrusive into the lives of the population.The central bank has not yet collected any utilities data, although the new system will have the ability to add data concerning water, power and… Source link

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