Billion-dollar money laundering case: How a man wanted in China came to be in ‘safer’ Singapore

SINGAPORE: According to an investigating commander, a man accused of laundering illegitimate online gambling revenues from heists in the Philippines that were aimed at Foreign gamblers was reportedly drawn into the family as early as 2012.
Wang Dehai, a 24-year-old person who is listed as being from Cyprus and who has documents from Vanuatu, Cyprus, Cambodia, and China, learned in 2016 that Chinese officials were looking for him.
Concerned about this, he listened to his brother-in-law, who advised him to move to Singapore because it would be” safer” for him there.
Ten foreigners, including Wang, have been charged in a larger investigation into money laundering involving assets worth more than$ 2.8 billion.
The IO in charge of Wang’s situation, Assistant Superintendent Lim Yong Khiang, provided documents, and the prosecution submitted proposals objecting to bond for Wang, which provided the new info.
Ms. Megan Chia, Wang’s attorney, from Tan Rajah & amp, Chehah, had made a strong case for bail for her client earlier on Wednesday( Oct 18 ).
Examinations BY THE IO
According to ASP Lim, Wang initially worked as a customer service representative for the Philippines-based distant gaming company in 2012 before transitioning to the position of promoter posting online advertisements.
Wang, & nbsp, has been remanded since August 16 and relied primarily on the family for money.
It is still in operation and making money in the Philippines.
According to a wanted notice cited by ASP Lim & nbsp, Chinese police in areas like Jiangsu, Liaoning, Yunnan, and Shandong were looking into allegations of” cross-border online gambling.” & nbsp,
According to the notice, Wang Dehai is” now on the run” and the Chinese police have” substantial suspicions” of his involvement.
Wang acknowledged knowing he was wanted by Chinese authorities in October 2016 in a speech to the Singapore officers.
He was concerned about going back to China, and his brother-in-law Su Yongcan asked him to move to Singapore because, among other things, it would be” safer” for him.
Wang’s attorney argued that he had committed to settling in Singapore with his three children, spouse, and in-laws for around five years and that his main reason for moving there was not to avoid the officers.
ASP Lim disagreed that Wang intended to remain in Singapore permanently, regardless of the situation.
Instead, he said,” I think the accused is an international criminal who has no qualms about evicting his home in order to avoid the rules.”
Wang has significant money abroad, according to ASP Lim, including two homes in Xiamen for about S$ 1.06 million, a S$ 2.9 million property in Cyprus, and two bank records in Hong Kong for roughly S 10.5 million.
Wang is connected to four additional alleged accomplices, two of whom are reportedly wanted by the Chinese authorities since 2017 for engaging in illegal virtual gambling.
According to ASP Lim, two of the four are also Wang’s friends, who can assist him in fleeing.
COE premiums hit new highs for all car categories, Cat B breaches S$150,000
SINGAPORE: On Wednesday, October 18, the Certificate of Entitlement ( COE ) premium for Category B reached new highs for all car categories, breaking the S$ 150, 000 ( US$ 109, 500 ) mark for the first time in the most recent bidding exercise. Premiums for bigger, more potent vehiclesContinue Reading
Nintendo pop-up store at Jewel Changi Airport from November, with themed merch from Mario, Animal Crossing and more

Check in to your Nintendo accounts at the location if you’re going to the pop-up to obtain special stickers featuring various Nintendo characters.
One badge from the 18 models available will be sent to each person who checks in once a day. Sticker designs may be distributed at random. Simply scan & nbsp, the QR code on the tablet at the entrance to the store. Fans will get the thorn after being verified by the on-site staff.
The Nintendo pop-up shop will be at & nbsp, # 04 – 220 / 21 at Jewel Changi Airport.
Singaporeans advised to defer all travel to Lebanon amid volatile situation in region: MFA
SINGAPORE: According to the Ministry of Foreign Affairs( MFA ) on Wednesday( Oct 18 ), Singaporeans are advised to postpone all travel to Lebanon, while those who are currently in the country should leave as soon as possible via commercial options. & nbsp, According to the government in a vacationContinue Reading
China’s Xi announces over US$100 billion in new Belt and Road funding
According to him, both will create 350 billion renminbi( US$ 47.9 billion ) in financing options for BRI jobs. The Silk Road fund, the project’s standard lending organization, will receive an additional 80 billion yuan, according to Xi. The conference this week, which was attended by ambassadors from 130 nations,Continue Reading
Tempting fate in the South China Sea
The Philippines, China, and the US have found themselves mired in a web of tit-for-tat actions motivated by diametrically opposed fantasies of the country’s coming. Bilateral warnings, threats, saber-rattling, and displays of power make up the intensifying period.
The majority of political attempts to prevent confrontations have failed. Andnbsp, This hen activity has pushed them to the edge. One or more of them might be forced into a corner by their own actions or forced to engage their adversary physically or face the wrath of their nationalists and warmongers.
There are two areas right now where one-up manship might lead to a martial conflict. Second Thomas and Scarborough Shoals are them. Although there are clear differences between these circumstances, they have become entwined in the cloud of patriotism.
confined authority
According to the UN Convention on the Law of the Sea( UNCLOS ), no nation may claim Second Thomas Shoal as its own territory because it is not above water during high tide. However, the feature is located within the promotional 200-mile economic zone and on the Philippines’ legal continental shelf.
This implies that the Philippines has authority over its assets and is responsible for preserving the environment it. It has placed key troops on an old warship that is still in service but is rusting and that it purposefully ran ashore on to support its claim. Therefore, its government believes that its sovereignty is at risk and that it cannot afford to lose it without jeopardizing its authenticity. & nbsp,
Based on its contentious historical claim to the majority of the South China Sea, China & nbsp maintains its sovereignty over the feature and its surrounding waters. A new map showing a 10-dashed line encompassing the majority of the South China Sea as well as Taiwan was published in the midst of rising tensions over the feature, China & nbsp. Rival claims as well as the US and some of its supporters strongly objected to the schedule and boldness of this action.
These speculative assertions are supported by beach shield and military ships from both sides. China’s attempts to stop the Philippines from replenishing its troops on Second Thomas Shoal have been the most recent developments in this” activity.” This has included using water cannons to thwart Spanish supplies boats as well as blocking manoeuvres by its coast guard tankers.
The Philippines, however, has not been intimidated and has persisted in its efforts to replenish its troops with the verbal and even dynamic support of its US friend. & nbsp,
Because the US has officially vowed to protect Spanish troops and common vessels from attack in the South China Sea, China’s actions are especially risky. & nbsp, It appears that China’s use of lasers, water cannon, and blocking maneuvers against Philippine ships does not qualify as an” attack.” However, these deeds must be on a par with what would necessitate US military action. & nbsp,
In the most recent occurrence, the clash was observed by a US monitoring plane. ” This is a US Navy aircraft in the vicinity of Second Thomas Shoal observing all activities between Filipino and PRC coast guard vessels to include … any unsafe or unprofessional actions ,” said The plane & nbsp.
It was said that China and the US both had a military ship in the area. However, this did not stop the Chinese warships from continuing their violent behavior.
In the most recent large, China did budge and permitted supply boats carrying food, water, and other needs to complete for” humanitarian motives.” However, it issued a warning that it would prohibit ships carrying creating supplies.
The Philippines has declared that it will keep sending soldiers there. Additionally, it has indicated that it is considering filing a problem under UNCLOS, as it did in 2013, likely with the same fruitless outcomes- as well as upsetting China.
Beijing appears to be the next to make a decisive shift. & nbsp, However, Manila and Washington must exercise caution to avoid cornering China and provoking it to act even more violently.
foe reign assertions
Officially, the position in Scarborough Shoal is a different kettle of fish. It has a 12 nautical mile regional water because it is above water at high tide. It is deserving of being a royal country.
China and the Philippines both assert their reign over it. However, China actually controls it and prevents Filipino sailors from fishing in the pond where the bass are more focused, sometimes with floating restrictions. China & nbsp asserts that it is defending the lagoon’s environment from all fishermen.
Recently, on President Ferdinand Marcos Jr. ‘ s direct order and with US encouragement, the Philippine Coast Guard attempted to remove a floating barrier that had been erected there by the Chinese beach watch.
China does not forbid Filipinos from fishing that, the UNCLOS adjudication panel decided in 2016 despite not making a decision on the sovereignty issue. In other words, they ought to communicate. & nbsp,
There are numerous run-ins between China’s coast guard and maritime militia on the one hand, and the fishermen and coastal guard of the Philippines in the other. The most recent event, however, involved a Asian warship, which made it unique.
Unless Manila is attempting to enlist the US, which is required to hold it in the event of an assault on a Spanish authorities vehicle, this was an illegal and political error. China had the option of responding. It did, in fact, assert that its coast watch chased the Philippine send away.
The Philippines must be careful not to offer an explanation for” an overwhelming disproportionate response” from China that could result in a China-US conflict, as Filipino legal expert Jay Batongbacal & nbsp noted this month.
This is only a recent preview of the situation, which is changing quickly. The China-US conflict over regional hegemony is fueling the already tense social climate in which this game of chicken is being played.
The speed and geographical range of incidents appear to be increasing. Just last week, the Philippines reported & nbsp,” dangerous tactics” by a Chinese naval vehicle against another Spanish naval ship in the area of Andnbisp and Thitu, which is occupied by the Spanish government but is claimed by China. This raises the question,” What’s next?”
The Philippines needs to take care to avoid acting as a catalyst for an outburst of major power, in which it will lose regardless of who” wins.”
Israel-Hamas conflict could have implications on ASEAN centrality as members adopt different stances: Experts

The Singapore authorities urged all parties to abide by international humanitarian law on Monday, October 16, expressing its deep distress over the rising number of civilian casualties and the worsening humanitarian crises in the Gaza Strip.
” Hamas purposefully targeted civilians, killing and abducting them, and committing heinous acts of evil.” There is no justification for these crimes by any logic. All civilians taken hostage by Hamas must be released immediately and safely, according to & nbsp, Singapore’s Ministry of Foreign Affairs( MFA ).
Israel has a right to defend its place and its people. Israel had, nevertheless, abide by international laws, including the laws of war, in exercising this right. It may exert every effort to safeguard the safety and security of the general populace.
GULF State TO Compound Relations, ASEAN
The conflict will occur as ASEAN leadership prepare to meet with their Gulf rivals for the first time on Friday in Saudi Arabia.
In 1990, ties between ASEAN and the Gulf Cooperation Council ( GCC) were established. Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman make up the GCC.
How Egypt will and won’t respond to the Gaza war
As the Israeli-Hamas problems goes on, Egypt is receiving a lot of attention. Israel and Gaza, a small area of Palestinian territory that is currently under blockade in response to Hamas’ violent attack on Israel in 2007— a radical Islamist organization that has been in control of Gaza — share an Egyptian border.
Ofir Winter, who studies Iranian politicians and the Arab-Israeli fight, was questioned by Moina Spooner of The Conversation Africa about what the new war means for Egypt and what part it plays.
What kind of partnership has existed between Egypt, Israel, and Palestine in the past?
When it comes to juggling Israel and Palestine’s connections, Egypt does a good job.
Egypt publicly declares its support for the Arab reason. This is due to the fact that Palestine’s quest for independence is a major Muslim and Muslim cause. Additionally, any increase in Gaza may directly affect Egypt’s national interests due to their close proximity.
This viewpoint is evident in its response to the escalation of hostilities between Israel and Hamas. Ancient members of parliament and state-owned media have portrayed Israel as the attacker and Hamas as a victim in light of the deadly murders and kidnappings of honest Israeli civilians earlier this month.
Egypt can be expected to take some steps to show its cooperation with the Palestinians in accordance with previous behavior. These include the delivery of humanitarian aid to Gaza, the transport of some injured people to Iranian hospitals, and a greater role in peace mediation efforts. By taking these actions, Egypt becomes a significant player in the fight and improves both its position at home and abroad.
Egypt does not, however, want to placate Israel. They finally share a common interest because they do not want to see political Islam resurgence in the area. This has something to do with Egypt’s unique encounters with Islamist groups.
The Muslim Brotherhood was expelled and made illegal by Egypt’s existing government in 2013. The Brotherhood was established in Egypt in 1928 and is a multinational Islamic business. Promoting social and political shift in nations with a majority of Muslims is one of its goals. The Brotherhood held authority in Egypt for a time following the Arab Spring of 2011 before being overthrown.
Hamas is a Muslim Brotherhood issue, which is why Egypt views it negatively.

However, despite Egypt’s dubious method to Hamas, there has been a pact between the two since 2017 that calls for an easing of the Egyptian blockade on Gaza in exchange for the extremism in Sinai being combated.
Although there are good relationships between Egypt and Israel, they are not cordial. In 1979, Egypt signed a peace treaty with Israel. Israel has also established itself as Egypt’s principal social, security, and economic partner over the past ten years.
Egypt has recently served as a mediator between Israel and Hamas and in the restoration of Gaza. This is due to its close proximity to Gaza and its power over the Rafah crossing, the just Gaza Strip border that is not under Israeli control.
However, there are some lines in Egypt’s engagement with Gaza that didn’t get crossed. For the benefit of the Palestinians, Egypt does not engage in military action against Israel, a strategy that generally stems from Egypt’s devotion to the 1979 peace treaty between Israel and Egypt.
President Abdel Fattah el-Sisi and another Iranian officials have stated that there will also be no authorized energy access of Gazans into Egypt.
What impact does the present crisis have on Egypt?
The idea of displaced Palestinians relocating to Sinai has so far been rejected by Egypt. However, it’s possible that many Gazans may try to enter. The Gaza people with unusual nationality who are already waiting to cross the border are not included in this.
Egypt opposes any invasion on its independence in the Sinai Peninsula, so it is against allowing a large number of Gazans to cross the border. Its main worry is that displaced Palestinians might move on permanently, jeopardizing the region’s already precarious security and financial situation.
Egypt also faces a significant safety hazard due to the circumstance.
Second, instability may be exported to Sinai as a result of border crossings by Gazan refugees, some of whom may be military members of Hamas or other radical organizations. There is a risk that there will be more terrorist strikes and unrest in Egypt than there was in Sinai prior to the 2017 agreement with Hamas. Some of those assaults were carried out by violent cell based in Gaza who were well-equipped and trained.
Second, a severe setback for Hamas could result in poor leadership, unrest, and volatility in Gaza. Unrest may result from this, which may lead to the trafficking of fighters and weapons along Egypt’s borders with the Gaza Strip.
Another security concern is that Palestinian militant organizations may launch terrorist attacks from Sinai into Israel, endangering the gentle ties between Egypt and Israel.
What does Egypt do next and how has it responded?
Egypt has been working to de-escalate the position in Gaza since the start of the war by holding talks with Israel, Hamas, the Palestinian Authority, US, Iran, and another regional and international players.
An international event is anticipated to take place in Egypt this weekend, and the Arab League has already met in Cairo. In order to deliver food and medicine to the Gaza Strip, Egypt is also attempting to build a charitable corridor.
Egypt currently has more influence over the outcome of the conflict than the majority of other local worldwide players, as well as a wide range of interests.
The conflict’s resolution might have some positive effects. For instance, Egypt wants the Palestinian Authority to retake control of Gaza because it is more eager to engage in discussions and politics.

New developments, such as the continuous return of the Palestinian Authority, may occur if Hamas is considerably weakened. Egypt and Israel was in this situation discover a more sensible roommate across their borders.
Egypt will most likely be involved in the state transition period if Hamas loses energy at the end of the war.
Egypt is anticipated to serve as the conduit through which support and funding from Muslim nations and the international community will enter Gaza, take part in the rebuilding effort, and have a significant impact on the country’s future, as it has in recent years.
Senior Researcher Ofir Winter works at Tel Aviv University’s Institute for National Security Studies.
Under a Creative Commons license, this essay has been republished from The Conversation. Read the article in its entirety.
Some HDB flat sellers use new public housing model to push up asking prices

WHAT IMPACT Does Selling PRICES HAVE?
There have been rumors that Plus apartments might be available in Bayshore, a brand-new housing land and nbsp where two new BTO jobs may be launched the following year. HDB hasn’t already specified the precise location of these Plus apartments, though. & nbsp,
Selling apartments in potential Plus areas like Bishan have increased in the last one to two decades, even before the announcement of the new sorting, according to Ms. Tay.
According to her,” People are still thinking about good connectivity resale HDB( flats ) versus the rest of their other basket of options.” & nbsp,
Prices of nearby apartments increase” rather significantly” when BTO condos are launched in Prime locations, a classification that was established in 2021 to identify the most desirable and central locations. & nbsp,
She said that the pattern might continue in the future when it comes to Plus type properties. & nbsp,
Homes in desirable locations include those in Bukit Merah, Queenstown, and Kallang / Whampoa. & nbsp,
The supply of new BTO apartments will have an impact on the selling prices in future Plus defined areas, according to Ms. Christine Sun, senior vice president of study and analysis at the real estate company OrangeTee & amp, Tie.
The type of apartments the state does offer under the Plus unit, the number of new apartments offered, and their price range will all have an impact on them, she said.
” We might possibly experience a more negative effect on the resale industry in that area if they release lots of supply in those places. As a result, she said, charges in that area may also tend to grow more slowly, stabilize, or even fall in some places.
A FEELING OF Intensity
There is a feeling that prospective clients like Marcus Lim and Tris Marlis, who are looking at the resale industry after two years and six unsuccessful attempt to purchase s rented BTO apartments in desirable locations, should purchase homes in possible Plus sites as soon as possible so they won’t be entangled in real estate restrictions. & nbsp,
Selling agents have suggested that the price of the apartment being viewed may rise once the new classification takes effect, Mr. Lim said, adding that” We saw some listings … indicating that it’s the last chance, giving some sort of urgency.”
According to Mr. Lim, the agents’ description makes sense to him, and the urgency increases when a smooth receives many additional viewings.
The pair, who is looking for a four – or five-room apartment in the city center that is between 1, 100 and 1, 200 square feet, added that there are other reasons they want to purchase their house as soon as possible.
” In the areas that we are looking at, the offer is constrained. Therefore, we also don’t want to miss out on our ideal residence, Ms. Marlis said.
Country Garden: China property giant default fears grow

Country Garden, the largest private estate developer in China, is thought to be the most recent real estate juggernaut to default on its international loan.
A default would be one of the largest corporate debt restructurings in the nation, with the company owing$ 11 billion(£ 9 billion ) in debt and another$ 6 billion in onshore loans.
Its potential definition raises questions about China’s ability to recover from the pandemic.
China’s real estate market, which makes up a fourth of the business, is experiencing significant problems.
According to the most recent statistics, the nation’s economy expanded 4.9 % in the three months between July and September. Compared to the 6.3 % growth in the second quarter, that is slower.
Despite Beijing’s efforts to increase cover need, the number of home sales is also lower than it was last year.
According to the most recent data, the nation’s real estate investment decreased by 9.1 % during the first nine months of the year.
According to Raymond Cheng, Standard Chartered’s North Asia main purchase officer,” This will spark our worries about the housing market in China.”
In order to regain confidence and trust in the market, markets will probably seek a more coordinated policy approach, Mr. Cheng continued.
When new regulations to regulate the amount of money that large real estate firms may acquire were implemented in 2020, China’s housing market was rocked.
With a number of other developers defaulting on their debts and abandoning empty construction projects across the nation, the government’s property industry has been affected by its economic issues.
China is also dealing with different issues, such as slow economic growth, rising regional government debts, and record-high youth unemployment.
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