Singapore 

Daiso’s new store ThreePpy opens in Funan Mall – worth a visit?, Lifestyle, Singapore News

“Wanna ThreePpy with me?” Your hot colleague asks you over lunch at KopiTech, making your heart skip a beat. Whoa, whoa, just wait a minute – get your mind out of the gutter! This is a family-friendly personal finance blog. All I’m referring to is the new ThreePpy by Daiso store, which opened its doors at Funan Mall last week. CHEY! BUT WHAT’S THREEPPY BY DAISO ALL ABOUT? “ThreePpy” is supposed to be short for “300 (yen) and Happy”. It’s the more expensive counterpart to Daiso, the famous 100 yen…

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Singapore 

Man arrested for allegedly stealing $13,000 worth of items in Yishun, Singapore News

SINGAPORE – A safe containing jewellery, branded pens, two mobile phones and a laptop amounting to $13,000 was found to be stolen from a residential unit in Yishun. The incident, which took place along Yishun Avenue 6, was reported to the police on Friday (July 12) around 1pm. On Sunday, a 58-year-old man was arrested along Bukit Batok Street 52 for his suspected involvement in the housebreaking case. His identity was established with the help of police cameras and officers from the Woodlands police division. The man is expected to…

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Singapore 

$80,000 worth of fake luxury goods seized in Far East Plaza raids, 6 people arrested, Singapore News

SINGAPORE – Six people were arrested on Sunday (July 7) for allegedly selling fake luxury goods and apparel, after police raided retail outlets at Far East Plaza. The police said in a statement on Tuesday night that the four women and two men, aged between 26 and 54, were nabbed during a 16-hour operation by the police’s Criminal Investigation Department against seven retail outlets. More than 500 pieces of trademark-infringing goods – such as footwear, watches, bags, caps and accessories – were seized during the raids. These goods have an…

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Global 

China’s loans to rest of the world worth US$5 trillion, 6 per cent of global economy, new study reveals

The world’s debt to China grew tenfold between 2000 and 2017, according to new estimates from a German think tank, at a time when there are growing concerns about Beijing’s influence over global finance.As of 2018, the world owed more than US$5 trillion worth of debt to the government of China, or around 6 per cent of global economic output, according to a report published by the Kiel Institute for the World Economy last week.This is a huge increase from the US$500 billion owed in the early… Source link

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Home 

Korean video games firm Nexon fails to draw bid from Tencent, scraps deal potentially worth US$16 billion

Nexon founder Jungju Kim has scrapped plans to sell a controlling stake in its parent, NXC, two sources with direct knowledge of the matter said on Monday, scuppering potentially the largest deal in the gaming sector, at up to US$16 billion.Kim had been looking to sell the 98.6 per cent stake he and his wife hold in NXC, which in turn owns 48 per cent of Tokyo-listed South Korean video game publisher Nexon.Since it emerged in January, the sales plan has been dogged by funding challenges, the… Source link

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Singapore 

Worth queuing for: Afuri Ramen at Funan mall , Lifestyle, Food, Singapore News

Ramen aficionados will be delighted to know that the popular Japanese ramen chain Afuri Ramen has finally opened their first outlet in Singapore at the revamped Funan mall. The brand is brought in by Japan Food Holdings, which also owns the Ajisen Ramen chain and Menya Musashi brand.  Afuri’s claim to fame is their signature yuzu-flavoured ramen. Yuzu is a small citrus fruit native to Asia. While yuzu-flavoured drinks are pretty popular in Singapore, yuzu-flavoured ramen is much less common. When I first heard about Afuri, I was intrigued by the…

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Home 

Chinese app Manbang handled US$100 billion worth of goods a year by matching shippers with truckers

It can sometimes take two days or more to get business so Zheng Xiaopan found some shade, parked his truck and made himself comfortable for the wait. A for-hire sign was his principal way of advertising his services to haul goods around China’s southeastern Guangdong province.“There’s no knowing when my truck can be filled up,” said 26-year-old Zheng, a high-school dropout who took up one of the world’s most dangerous occupations to help pay for his sisters’ college tuition. “Not knowing how… Source link

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Singapore 

Over 300 pieces of jewellery worth $250k missing from company; staff member arrested in Malaysia, Singapore News

SINGAPORE – A 29-year-old Malaysian was arrested on Wednesday (June 5) after a jewellery company found more than 300 pieces of jewellery missing from two of its outlets. The police said on Friday that they first received reports about the missing jewellery, which was worth more than $250,000, in February 2016. Through ground enquiries, officers from Clementi Police Division were able to establish the identity of a suspect, who turned out to be a staff member of the jewellery company. However, further investigations revealed that the suspect had fled from…

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Home 

Could seizure of Baoshang Bank lead to consolidation among China’s smaller banks with assets worth US$9.9 trillion?

China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States.Mergers of weaker small banks with stronger peers is seen by analysts as the best option for a sector reeling from rising bad loans and funding costs, and which Beijing is wary of due to probable knock-on effects should some lenders start to fail… Source link

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Vietnam 

VietinBank to issue bonds worth $427.5 million – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    VietinBank is allowed to repurchase bonds issued in 2019 and is responsible for using the capital collected from the bond issuance for the right purpose. — Photo cafef.vn HÀ NỘI — The State Bank of Việt Nam has approved the plan submitted by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to issue bonds worth VNĐ10 trillion (US$427.5 million). Bond interest rates will be decided by VietinBank but must be consistent with the law, ensuring business efficiency and banking safety. Bond buyers will include Vietnamese and international organisations…

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