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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Singapore 

Dry riser, rubbish chute among hiding places for drugs worth $100k seized by CNB, Singapore News

SINGAPORE – Drugs worth nearly $100,000 were seized and six men arrested in operations by the Central Narcotics Bureau (CNB) on Thursday evening (May 16). CNB said on Friday that the men, all Singaporeans, were arrested in two operations; one in Tanjong Pagar and Upper Boon Keng, and a separate one in Bishan. Investigations into all of the suspects are being conducted, CNB said. Among the drugs seized was 580g of Ice, enough to feed the addiction of roughly 331 abusers for a week. In one operation, CNB received information…

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Home 

Goldzip launches in Hong Kong with US$300 million worth of physical metal in reserve from exchange members

Hong Kong’s local gold exchange will back its new platform for trading digital gold with an initial US$300 million worth of the precious metal, with the minimum reserve to be guaranteed by members of the Chinese Gold & Silver Exchange (CGSE) for three years.Participating members in the new platform called Goldzip are undergoing an audit of their physical gold inventory before it is moved into a vault at the exchange, said CGSE executive director Calvin Ng.The auditing is for verifying that each… Source link

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Home 

Hackers make off with 7,000 bitcoin worth US$40 million from Binance Exchange in a large scale security breach

Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoin worth about US$40 million via a single transaction in a “large scale security breach,” the latest in a long line of thefts in the digital currency space.The hackers used a “variety of techniques” including phishing and viruses to obtain a large amount of user data, Binance said in a post on its website. There may be additional accounts that have been affected but not yet identified, Binance said… Source link

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Singapore 

Property: Are executive condominiums worth buying?, Singapore News

Executive condominiums (ECs) were originally introduced to cater to the aspirations and needs of the so called “sandwiched” class – those whose household incomes exceed the ceiling for public housing, but are not yet able to comfortably afford a private condominium. Currently, the monthly household income ceiling to qualify for an EC purchase is set at S$14,000, while it is S$12,000 for those purchasing the Housing and Development Board’s (HDB) Build-to-Order (BTO) flats. Over the years, 66 ECs have been successfully launched. To date, 63 of them have been completed.…

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Singapore 

Thief who stole car with $23.5k worth of valuables from East Coast Park nabbed three days later in Geylang, Singapore News

SINGAPORE – A car containing valuables worth about $23,500 was stolen from an East Coast Park carpark on Sunday evening (April 7). The 31-year-old alleged thief was arrested three days later in Lorong 8 Geylang by officers from Bedok Police Division. Police said on Thursday that they had first received a report at about 6.55pm that a car parked at an East Coast Park carpark had been stolen. There were several bags and valuables worth up to $23,500 inside it. While the vehicle was later found at another carpark at…

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Singapore 

$4,000 worth of durians gone after car crashes into Geylang fruit stall, Singapore News

When you drink, don’t drive – and don’t eat durians. Although the old wives’ tale of mixing alcohol and durians remains scientifically contentious, a 27-year-old managed to prove it’s an unhealthy combination after driving into a durian stall while allegedly intoxicated. The accident happened early this morning along Sims Ave near Geylang Lor 13. A car driven by the Chinese man mounted the kerb and hit two rubbish bins before ploughing into the 24-hour Chin Yong Fruits Trading at around 2am. It travelled 20m on the pavement before coming to…

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Vietnam 

Hoa Sen to issue VNĐ500 billion worth of bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

In 2019, Hoa Sen Group plans net revenues and net profits of VNĐ31.5 trillion and VNĐ500 billion. — Photo ndh.vn HÀ NỘI — Giant steel maker Hoa Sen Group is set to issue non-convertible corporate bonds worth a maximum of VNĐ500 billion (US$21.46 million). The expected issue price is VNĐ100,000, the bond term will be two years and the coupon rate will be negotiated with investors. The issuance is expected to take place this year. Hoa Sen has informed shareholders it plans to issue shares and bonds or convertible bonds to existing shareholders,…

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Singapore 

World record haul of pangolin scales worth $52 million seized from container at Pasir Panjang, Singapore News

SINGAPORE – In the biggest single haul in the world in recent years, the authorities on Wednesday (April 3) seized 12.9 tonnes of pangolin scales worth $52.3 million from a container at Pasir Panjang Export Inspection Station. The scales originated from Nigeria and were bound for Vietnam. They were found packed in 230 bags among packets of frozen beef, and declared to contain “frozen beef”. Along with the pangolin scales, 177kg of cut up and carved elephant ivory worth $120,000 were also seized during the inspection. Singapore Customs and the…

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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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