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GENERAL

Central banks buying more gold than previously thought

Bloomberg News, Published on 31/10/2023

» NEW YORK - Central banks have loaded up on more gold than previously thought this year, offering crucial support to prices that have faced pressure from global monetary tightening.

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PROPERTY

Singapore’s $110,000-a-month mansion market slows down

Bloomberg News, Published on 31/10/2023

» Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.

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WORLD

Israel urges China to talk with Iran to stop escalation

Bloomberg News, Published on 12/10/2023

» BEIJING -- Israel’s ambassador to China called on Beijing to leverage its close relationship with Iran to rein in Hamas, saying the Asian giant needed to be engaged in talks around the conflict.

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GENERAL

Goldman sues Malaysia as 1MDB settlement dispute escalates

Bloomberg News, Published on 12/10/2023

» NEW YORK - Goldman Sachs Group Incorporated took the unusual step of suing Malaysia in a UK court amid festering disagreement over a settlement tied to its role in the 1MDB investment-fund scandal.

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WORLD

Singapore seizes more houses from Chinese money laundering gang

Bloomberg News, Published on 18/08/2023

» Singapore banned the disposal of 11 more properties as the police pushed forward with the investigation in one of the country’s biggest money laundering and forgery cases.

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GENERAL

Philippines 'in talks with Vietnam, India for rice imports'

Bloomberg News, Published on 12/08/2023

» MANILA: The Philippines is in talks to import rice from Vietnam and India as the Southeast Asian nation seeks to boost its buffers and lower prices, an agriculture official said.

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GENERAL

Thailand pushes yuan, ringgit use to curb baht volatility

Bloomberg News, Published on 08/08/2023

» Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the United States dollar, according to a central bank official.

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WORLD

Singapore 'willing' to discuss Malaysia high-speed rail

Bloomberg News, Published on 04/08/2023

» Singapore is open to start on a “clean slate” on a proposed high-speed rail link with neighbouring Malaysia, acting Transport Minister Chee Hong Tat said in Parliament on Thursday.

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OPINION

What happened to all those Chinese tourists?

Bloomberg News, Published on 29/07/2023

» Before Covid-19, Malaysia’s luxury mall beneath Kuala Lumpur’s iconic Petronas Towers echoed with the sound of Chinese tourists and their dialects. But recently, during a busy dinner hour, they were missing. Din, the mall’s outlet of famous Taiwanese chain Din Tai Fung, a favourite of Chinese tourists, was half-full with local Malaysians and Middle Eastern customers. When I asked a cashier whether they had served many Chinese lately, she shook her head with a tight smile.

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BUSINESS

Regulator files fraud charges against Stark

Bloomberg News, Published on 06/07/2023

» The Securities and Exchange Commission (SEC) has filed charges against the largest shareholder and others involved in the management of Stark Corporation Plc, the industrial cable maker at the centre of an accounting scandal and debt default.