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Macau junket operator Suncity vows to stop extending online betting to mainland China after expose by state media drew heat

Suncity Group Holdings, Macau’s biggest operator of junkets for high roller gamblers, vowed to rein in its online gaming and proxy betting operations in mainland China, days after an expose in Chinese state media accused the company of disrupting China’s financial order.The junket operator of Macau, the only Chinese territory where gambling is legal, had facilitated Chinese gamblers to bet through online casinos in The Philippines and Cambodia, using underground banks to move capital out of the… Source link

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Should we stop calling Didi Chuxing ‘China’s Uber’?

I stood on stage on Wednesday at the RISE conference in Hong Kong with Abacus editor Ravi Hiranand and Proof of Capital managing partner Edith Yeung to present the 2019 China Internet Report, a comprehensive 100-plus-page document painstakingly put together by a crack team at the South China Morning Post.During the course of the presentation, I observed that in writing headlines for our stories, we sometimes fall back to describing a Chinese start-up as “China’s (something)”, that “something”… Source link

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Singapore 

Otters stop traffic in CBD, Acres monitoring situation, Singapore News

Traffic came to a standstill outside International Plaza in Anson Road yesterday morning when a family of six otters decided to go for a walk along the road. A video of their escapade was posted on Facebook page Singapore Taxi Driver, which had about 1,000 shares as of last night. A man in a neon vest can be seen directing traffic away from the otters. After a while, the otters run to the pavement and into the bushes while a crowd of onlookers film them with their mobile phones. Animal…

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Singapore 

SCDF incident death: Superiors didn’t tell us to stop ragging ritual, says officer, Singapore News

Staff sergeant says the servicemen involved in fatal incident would have listened to them If his commanding officers had told them to stop the “kolam” ritual which involved Corporal Kok Yuen Chin getting into the 12m-deep pump well, the group of servicemen would have listened. This was the testimony of fellow Singapore Civil Defence Force (SCDF) officer Muhammad Nur Fatwa Mahmood, 34, yesterday. During the May 13 incident last year, Cpl Kok was pushed into the fire station’s pump well as part of activities to mark the completion of his…

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China 

Predator vs caterpillar: Stink bugs may be unleashed to stop the fall armyworms chomping their way through China’s cash crops

Scientists in China are seeking to deploy an army of predatory stink bugs to battle a fall armyworm incursion that threatens to devastate the country’s grain crops.The insect, Arma chinensis, is a natural enemy of fall armyworm, according to the Institute of Plant Protection of the Chinese Academy of Agricultural Sciences.Researchers there believe it may be a useful biological agent to control the crop-ravaging caterpillar, which arrived in China early this year after spreading from the… Source link

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Singapore 

HSA warns Singapore-based Riway to stop making false cancer cure claims, Singapore News

The Health Sciences Authority (HSA) has warned a Singapore-based company to stop making false and misleading claims that its health supplement product can treat or cure cancer. HSA said it has also directed Riway Singapore to educate its sellers to ensure they do not make false claims about the product. Investigations are ongoing, said the HSA spokesman, in response to queries from The Straits Times. “We will take the necessary enforcement actions if there are contraventions against the relevant laws,” said the spokesman. “Sellers who falsely advertise health products are…

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Singapore 

Woman nabbed for failing to stop for immigration clearance at Woodlands Checkpoint, Singapore News

SINGAPORE – A 24-year-old woman was arrested on Friday (June 7) for failing to stop for immigration clearance at Woodlands Checkpoint. In a statement on Friday, the police and the Immigration and Checkpoints Authority (ICA) said the woman was at the arrival car counter of the checkpoint at about 2am, when she refused to produce her travel document. When the ICA officer stepped out of her counter to check on the situation, the woman suddenly stepped on the accelerator and drove off. She damaged the drop-arm barrier in the process.…

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Hong Kong regulator slaps a ban on Nuoqi’s former CFO for failing to stop his chairman from pilfering the company’s coffers

Hong Kong’s securities regulator will ban Fujian Nuoqi’s former chief financial officer from taking corporate directorships, alleging that he had failed to stop his chairman from pillaging the company’s coffers.Au Yeung Ho-yin failed to raise the alarm when someone withdrew 236.52 million yuan (US$34.23 million) from Nuoqi’s coffers, the Securities and Futures Commission (SFC) said in a June 4 statement. Au Yeung had failed to act despite the fact that he knew the withdrawals were a “red flag”,… Source link

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Why the Fed, and central banks in China, Europe and Japan should work together on rate cuts to stop the global economic rot

The clock is ticking louder for lower global interest rates. The US Federal Reserve may be stonewalling against another easing measure but it is not a question of if, but when interest rates are cut again. The Fed favours patience, but the longer central banks delay, the more peril the world faces.Economic recovery is faltering, global risks abound and world equity markets are finally latching on. Rather than be overtaken by events, it’s time for central banks to get ahead and signal their… Source link

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Microsoft said to stop accepting new orders from Huawei as it moves to comply with US restrictions

Microsoft has followed Google and stopped accepting new orders from Huawei Technologies after the Chinese telecoms gear and smartphone maker was added to a US blacklist that prevents it from buying American technology, according to people familiar with the matter.The two major areas of business between Huawei and Microsoft – Windows operating systems for laptops and other content-related services – have both been suspended by the US company as it moves to comply with US government restrictions,… Source link

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