Singapore 

Recalcitrant paedophile sexually violated 8-year-old while another boy tried to stop him, Singapore News

SINGAPORE – A paedophile, who sexually violated the eight-year-old son of a friend despite the valiant efforts of another boy to protect the victim, pleaded guilty in the High Court on Wednesday (Feb 13). The prosecution is seeking at least 12 years’ preventive detention for Sanusi Ahmad, 57, a recalcitrant offender who has spent a large part of his life behind bars since he was 26. The current offences were committed less than a year after he was released from jail for molesting and threatening a 29-year-old woman with a…

Read More
Singapore 

Parliament: Bionix did not stop reversing in CFC Liu Kai incident despite repeated commands, says Ng Eng Hen, Singapore News

SINGAPORE – The Bionix armoured vehicle which collided into the Land Rover that Corporal First Class Liu Kai was driving, leading to his death, did not stop reversing despite repeated commands for its driver to do so, Defence Minister Ng Eng Hen revealed in Parliament on Monday (Feb 11). In the Nov 3 accident, the Bionix Infantry Fighting Vehicle stopped only after it mounted the driver’s side of the Land Rover – about eight seconds after it started reversing, said Dr Ng. An independent Committee of Inquiry (COI), as well…

Read More
China 

Next stop Myanmar in China-Japan rivalry as frontier market opens doors to yuan and yen payments

Myanmar has officially permitted the use of the Chinese and Japanese currencies in cross-border payments, as the Asian giants vie for dominance in one of the region’s last frontier markets. The directive means that the yuan and yen join the euro, the greenback and the Singaporean dollar as designated currencies for settling international trade in Myanmar, where the central bank is desperate for foreign investment after years of economic sanctions and financial mismanagement. China, which shares a 2,200km (1,360-mile) border with Myanmar, has been keen to draw its southern neighbour…

Read More
Home 

China should save less, stop protecting industries and liberalise instead, to unleash domestic consumption

In his influential 1954 article “Economic Development with Unlimited Supplies of Labour”, the future Nobel laureate economist Arthur Lewis concluded that “the central problem in the theory of economic development is to understand the process by which a community which was previously saving and investing 4 or 5 per cent of its national income or less, converts itself into an economy where voluntary saving is running at about 12 or 15 per cent of its national income or more”. That process, Lewis argued, “is the central problem because the central…

Read More
Singapore 

Woman blocks bus from moving after missing stop, sparks outrage online, Singapore News

Many of us have taken the wrong bus or missed a bus stop when we’re distracted by our phones or nodded off after a day of tiring work. What do you usually do after realising this? Get off the bus immediately, find an alternative route, and hurry home right?   Not for this female commuter though.  Facebook user Pravin Kumar uploaded a video on Jan 27 of a woman kicking up a fuss and physically blocking a double-decker bus from moving off, after realising she had missed her intended stop.  Last…

Read More
Global 

Weakest China growth in almost 30 years: analysts ask if Beijing is doing enough to stop slowdown

China’s economic growth rate in 2018 slipped to its lowest level in nearly three decades, raising concerns over whether Beijing has done enough to arrest the deepening slowdown, at a time when the external environment is turning hostile and a mountain of debt at home is restricting the scope for additional stimulus. The official growth rate of 6.6 per cent in 2018 – while a decent figure given the size of China’s economy and in line with the government’s target for growth of “about 6.5 per cent” for the year…

Read More
China 

Chinese banks lend record amounts as government seeks to stop economic slowdown

China’s banks extended a record 16.17 trillion yuan (US$2.4 trillion) in net new loans last year the People’s Bank of China said on Tuesday, as policymakers pushed lenders to fund cash-strapped firms to prop up the slowing economy. The new figure, well above the previous record of 13.53 trillion yuan in 2017, is an indication that the bank has been moderately aggressive in using monetary policy to stimulate the economy, which slowed sharply as a result of the trade war with the US. Outstanding yuan loans were up 13.5 per…

Read More
Singapore 

Yakult Singapore to stop providing straws from end December 2018, Singapore News

SINGAPORE – Yakult Singapore will no longer be providing plastic straws for its probiotic milk drinks from the end of December, the latest company here to do so. In a Facebook post last Thursday (Dec 27), the company announced that they would be removing straws from its Yakult and Yakult Ace Light products. “We are taking steps as part of our efforts in contributing to environment protection and sustainability,” the post read. “Yakult can be consumed directly from the bottle by removing the foil cap.” This move was met with…

Read More
Home 

Why the American empire should stop worrying about the return of ‘imperial’ China

American alarm over a rising Chinese empire is not entirely misplaced, but it should be tempered by self-awareness: America itself is an empire, whose dominance is perhaps unparalleled in human history. American exceptionalism permits limitless expansion in the name of freedom, as seen in the United States’ “liberation” of Iraq. Yet, from the Philippines to Haiti, the US’ historical actions often fell short of the ideal of promoting democracy. The age of empires has never quite left us. The Austro-Hungarian empire and the Ottoman empire disintegrated near the end of…

Read More
China 

‘Major fiscal surgery’ needed to stop China growth rate dropping below 6 per cent in first half of 2019, economist says

Without a major fiscal policy boost, China’s economic growth could drop below the psychologically important rate of 6 per cent in the first half of next year due to the effects of the US trade war and the expected weakening in the domestic property market, infrastructure construction and manufacturing investment, a prominent Chinese economist has warned. The downward pressure on the country’s traditional growth drivers – exports and investment – will continue to grow in the period ahead, with consumption needing further support to be able to compensate, according to…

Read More