Singapore 

Maid stole more than $34k worth of items from Changi Airport Group chairman, his family, Singapore News

SINGAPORE – A maid was working for Changi Airport Group chairman Liew Mun Leong and his family when she stole more than $34,000 worth of items from them. They included luxury watches such as a $10,000 Gerald Genta watch, 115 pieces of clothing worth $150 each, as well as two iPhones with accessories valued at more than $2,000. After a 20-day trial, District Judge Olivia Low found Indonesian Parti Liyani, 45, guilty of four counts of theft on Wednesday (March 20). A fifth charge of being in possession of items,…

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Singapore 

#Joeyjios: Over 800 Gudetama, My Melody and Hello Kitty inflatables invade Sentosa – but is it worth checking out? , Singapore News

The March holidays are just around the corner, and if you’re a parent, you’re probably already aware that the annual Sentosa FunFest is back for their fifth run. Complete with free admission for Singapore residents from March 16-24, this year’s event includes an “invasion” by over 800 Gudetama, My Melody and Hello Kitty inflatables. Yes, they’ll be perfect for your critters to jump on and those IG-worthy family pictures to show off on Facebook. But for those without a mini-me, is the inflatable-mania worth braving the heat and making a trip…

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Singapore 

Property valuations in Singapore: how much is your property worth?, Singapore News

Have you ever wondered who decides how much a property cost? Why can’t we buy a property, spruce it up real nice and sell them off at high profit? The answer is property valuation. There are different ways of getting your property valued, however. What are some of the important things you need to know about property valuations in Singapore? And how do you check the value of your property? 1. GET A FEW VALUATION REPORTS AS THEY CAN GIVE DIFFERENT ESTIMATES So I’m sure that you think that the…

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Singapore 

Computers, furniture at office unit completely destroyed by blaze causing $200k worth of damage, Singapore News

SINGAPORE – Computers, desks and air-conditioning units were among the items destroyed by a blaze at an office near Balestier Road on Thursday morning (March 7). The third floor unit’s tenant told The Straits Times the fire caused about $200,000 worth of damage. In response to queries, the Singapore Civil Defence Force (SCDF) said it responded to the fire at 2 Jalan Rajah at about 7.30am. The fire, first reported by Chinese-language daily Lianhe Wanbao, was put out by SCDF using two water jets. SCDF added that no injuries were…

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Home 

Joint ventures the only way out for developers eyeing huge commercial site atop high-speed rail terminus worth US$14 billion

Even the wealthiest of Hong Kong developers do not have enough cash to bid individually for a prime commercial site atop the high speed rail terminus in Kowloon that is likely to fetch about HK$110 billion (US$14 billion), which will compel them to form consortiums to spread the risk of developing such a huge project, say market watchers.The government is determined to sell the 632,917 square foot plot, expected to yield a total gross floor area of 3.16 million sq ft, as a whole. It is also… Source link

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China 

China says last year’s GDP growth was worth more than Australia’s whole economy

China’s added GDP last year exceeded the value of Australia’s total output, the country’s statistics agency said as it sought to highlight the country’s economic resilience.In 2018 China’s economic growth rate in 2018 slowed to the lowest level in 28 years – a fact that has fanned concerns about the country’s economic outlook.In response Beijing is trying to direct attention to the absolute value of its growth and highlight the country’s ongoing role as the engine of the world economy.US-China… Source link

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Home 

Do we get our money’s worth from the HKMA? It would seem not

There is a question we have never asked ourselves: are we getting our money’s worth from the Hong Kong Monetary Authority (HKMA)? Prompted by the release of two seemingly unrelated reports – the HKMA’s 2018 annual report and the latest crime rates – the question can only be answered in the negative. Unlike other government agencies, HKMA has never come under scrutiny. This is because it is a body that is removed from the public, not being involved in the delivery of frontline services. Who among us cares about regulating…

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Home 

Trade war or not, China’s pivot to the private sector and return to infrastructure spending are worth watching

While the US-China trade war has yet to be resolved, Beijing is pumping iron to make sure the domestic economy can achieve gross domestic product growth of around 6.5 per cent this year. Keep your eyes on the private sector and infrastructure investments. China’s private sector is being given a long-awaited shot in the arm. The authorities have asked banks to allocate half of their new loans to private businesses by 2021. This addresses Chinese businesspeople’s long-standing gripe that they are unable to get financing from mainstream banks, as state-controlled commercial…

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Singapore 

Only $438,000 worth of claims filed out of $8.9m oBike owes in deposits, says liquidator, Singapore News

SINGAPORE – The majority of oBike users have not yet filed claims to retrieve their deposits, the firm’s liquidators revealed on Wednesday (Jan 23). But even for those who have filed claims, there is no timeline yet as to when they can get their money back, as liquidator FTI Consulting continues debt settlement talks with oBike’s new majority shareholder. The bicycle operator ended its Singapore operations unexpectedly last June, after about 18 months of operating here. Its sudden exit had left users wondering whether they would get a refund of…

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