Singaporeâs Circular closes US$7.6 mil funding to spearhead consumer tech subscriptions in APACÂ
Circular’s overall evaluation now stands at US$ 30 million thanks to money.Funds will be donated to & nbsp, which will expand its offerings in Singapore and Australia.Circular, a subscription service that specializes in high-end consumer electronics and is supported by Y Combinator, has successfully closed its seed funding round and secured…Continue Reading
Former Wirecard Asia employee jailed for helping superiors embezzle S$47,000
SINGAPORE: A former Wirecard Asia employee was given a 10-week prison term on Tuesday, October 10, for aiding her superiors in robbing the German-registered international payment services company’s subsidiary of$ 47, 000 ( US$ 34, 400 ).
Singaporean See Lee Wee, 30, entered a guilty plea to one count of unlawful breach of trust after taking into account two counts of money laundering.
Her attorneys claimed that she was a young fund executive who carried out the directives of Wirecard Asia vice-president of controlling and foreign financing Edo Kurniawan, her immediate supervisor and the alleged mastermind.
Edo escaped Singapore before being apprehended and is currently on the run with a dark Interpol notice.
See, also known as Krystal, was in charge of financial planning and research for Wirecard companies in the Asia-Pacific area while working as a controlling director for the company.
Irene Chai Ai Lim, the fund head at Wirecard Asia at the time, was one of the co-accusations she made. Chai then informed Edo.
In October 2018, Edo asked Chai if the company had any funds available and informed her that he needed to transfer$ 100,000 for a person named” India.”
After Chai confirmed this, Edo went up to See and demanded money right away. He requested that she borrow money from Wirecard Asia, remove it, and then give it to him right away.
See would not have to worry about paying back the loan because Edo assured her that the” loan” would be transformed into a” bonus” for her.
See did not inquire of Edo about the transfer’s function because he was unaware of it. She agreed despite feeling uneasy.
Chai made arrangements for S$ 47, 000 to get transferred from See’s personal bank account to Wirecard Asia.
See withdrew the majority of the money and gave it to an unnamed person and to Edo in accordance with his directions. She kept on S$ 3,440 in her own profile and spent it however she saw fit.
The” loan” was never paid back and never turned into a bonus.
See afterwards gave Wirecard Asia about S$ 18,000, while Chai gave the business a distinct S$ 70,000 compensation.
In June, Chai admitted guilt to her involvement in the case and received a 10-month prison term.
Given that See was less guilty than Chai, assistant open counsel Vincent Koh asked for three to five months in jail.
JUNIOR LEARNING THE ROPES: DEFENSE
Instead, attorney Derek Kang requested a maximum sentence of two months in prison, claiming that Chai could have given the order to any other young staff.
In fact, Chai could have completed it on her own, but she” didn’t want to get her hands ugly ,” he claimed.
While See, a young finance employee, was conscious that what she was doing was bad, Mr. Kang said, it must be remembered that she had previously participated in similar transactions within the company.
He claimed that she carried out the unlawful deal at the direction of her bosses and supervisors, from whom she had picked up the necessary skills.
According to Mr. Kang, it was quite obvious that See and the other young staff members had been manipulated by the main people in relation to the criminal activity.
According to Mr. Kang,” They were forced to follow what their leaders told them to do because if they did no, their individual jobs would be at danger.”
Three years ago, the Wirecard incident broke out after its listener refused to sign off on 2019 records after being unable to confirm€ 1.9 billion($ US$ 2.07 billion) that was allegedly held worldwide in escrow by third-party lovers. & nbsp,
The prosecutor acknowledged that See was only the” arms and legs” of the program but also noted that the amount of cash taken was” not inconsequential.”
In what has been dubbed Germany’s biggest post-war fraud, leading professionals, including former chief executive Markus Braun, are accused of fraud and industry use.
In order to deceive lenders and investors, Braun’s defendants in the Munich trial against Braun were accused of fabricating ghost income through fictitious dealings with partner companies.
âI consider myself Koreanâ: Koryo Saram, ethnic Koreans in Central Asia, keep their roots alive
She resides in the city of Incheon, north of Seoul, and has two stores there. A sizable Koryo Saram area is located in the city. In the town of Hambak, where evidence in Russian line the streets, there are more than 5,000 residents. Another region where a sizable Koryo Saram group resides is Ansan in the province of Gyeonggi.
More than 100,000 Koryo-ins, mostly from Uzbekistan and Kazakhstan, reside in various regions of South Korea, including Ms. Irina Kim and her kids. Most Koryo Saram enter South Korea using an H2 card, a favorable work force for Koreans of foreign descent.
The majority of H2 card holders are employed in the company, manufacturing, construction, agriculture, and fishery industries.
Koryo-ins and other international cultural Koreans seeking to settle in South Korea may not find it any easier if they have a Korean history, according to authorities.
Mr. Kim Dae Ho runs a community center in Hambak town where he runs programs that enable people from various countries to better understand one another in order to improve the situation.
We are attempting to make it possible for South Koreans and Koryo-ins to interact. There may be errors and problems if they are not in contact. They must get along, argue if necessary, or eat up so they can clear up any misunderstandings. We run the different programs here because of this, he explained. & nbsp,
South Korea is like household to Ms. Irina Kim.
I didn’t go anywhere in the history. I didn’t have the impression of living back home. But now that I know where I belong, she said. & nbsp,
UPDATING Asian Lifestyle
Some Koryo Saram who are still living in Central Asia are contributing to the preservation of Asian culture. Ms. Zoya Kim is an exception to the rule that most people do not speak Korean.
British MP is focusing on the Indian diaspora
Bob Blackman, a member of the British Parliament, has made significant efforts to open doors for the Indian community living in the UK.
Blackman served as a popular local government official before becoming an MP, serving in the London Assembly and leading the Liberal party at the Brent Borough Council. In 2010, he was chosen to represent Harrow East’s Greater London electorate in Parliament.
He has put a lot of emphasis on India since he was elected to the House of Commons, leading the All Party Parliamentary Group for India, and regularly organizing events for the American society. His job was recently recognized by the Padma Shri prize from the American government.
In the year 2023, Blackman was named Commander of the British Empire and awarded the CBE for his political and public services.
His other areas of interest include foreign affairs, poverty, heath, and local governments. Following are excerpts from an appointment with Bob Blackman. & nbsp,
Vidhi Bubna: In what ways are UK-India relations anticipated to improve over the coming years? & nbsp,
Bob Blackman: Although the deals have been going on for a while, the UK and India are currently in the process of negotiating their first-ever free trade agreement. Both countries want to complete the agreement before the upcoming elections in India and the general election in the UK next time.
While India seeks market exposure for its goods and services, potentially running into issues with card numbers, the conversations focus on opening India’s closed business to UK companies such as legal and accounting services.
Both nations signed a cooperation agreement on safety, defense, and digital issues in the midst of these discussions. At the current G20 conference, where first agreement on important issues demonstrated India’s prowess, the diplomatic success of India was evident.
The UK-India marriage is still promising despite difficulties brought on by China’s effect. Given India’s rapid economic growth and its potential to improve global trade relationships, the continued conversations represent a traditional option for both countries.
VB: Describe some of the campaigns and initiatives you have carried out in Harrow, an area with a sizable American people. & nbsp,
BB: I’ve worked on a number of initiatives in Harrow that are mostly concerned with the active American community in the UK. The majority of them are business owners who are from Gujarat, India. By starting companies, creating work, and playing crucial roles in healthcare, they significantly boost the economy.
Despite the fact that my constituency is primarily personal, I have actively encouraged the development of religious organizations and the construction of temples, such as the Neasden temple. I’ve also been involved in visa-related concerns for Indians working or studying in the UK.
Despite the service being postponed due to Covid – 19 restrictions, I have traveled to more than half of India’s says and have been awarded the prestigious Padma Shri award by the American government.
VB: How do Indians living in the United Kingdom relate to your personal, social, and cultural idea? & nbsp,
Flo: I place a strong emphasis on self-reliance, powerful home values, and law and order. My core beliefs are about personal freedom within the law. I support the health of our borders, national security, and international interests. I actively participate with nonviolent religious organizations and strongly support religious liberty.
I support the right to devotion without being intimidated in my district, where 75 % of voters believe that religion is important. I firmly believe that people really enjoy their faith in a free and peaceful manner.
VB: Where in India do you intend to visit? & nbsp,
BB: I’ve been to a number of significant Indian settlements, including Srinagar, Jammu, Delhi, Mumbai, and Jaipur. Although each area has its own special charm, the traffic can be difficult.
I’ve spent day in Ahmedabad and have seen the city’s impressive socioeconomic development. In Kerala, I established a hospital wing that promotes the fusion of Ayurveda and contemporary healthcare after visiting the Taj Mahal.
I’m open to exploring more of India quickly, particularly at the offer of citizens in Kerala who are engaged in meaningful work, even though I didn’t make travel plans for the future due to security concerns.
VB: Given that the international pupil fee is nearly three times higher than the fee paid by a local student, some Indian students are currently traveling to the UK for their education, which puts them under considerable monetary stress. Are there any upcoming plans to develop a more equal approach to this? & nbsp,
BB: We cordially invite American students to study at our top-tier institutions in the UK. Contrary to popular belief, there is no cap on the number of students. Universities, however, do not get public subsidies and set charges based on economic factors.
Students cannot function part-time to cover costs, even though they must pay for their travel, education, and living expenses. We have resolved problems with using that students have experienced in the past. If they find the right job, students may be longer after finishing their studies, guaranteeing a worthwhile educational experience.
Our goal is for students to return to India after finishing their studies, strengthening our close diplomatic ties and promoting economic growth.
VB: How is the UK and India’s improved cultural knowledge? & nbsp,
BB: It is remarkable that Hindu, Jain, and Sikh religions are open to welcoming people from various beliefs into their temples in order to promote shared understanding. Encouragement of various religions to practice a comparable level of equality can reduce perceived social barriers and improve knowing in both the UK and India.
Government intervention is not required; the issue is with religions being more accepting and available.
What are some of your main objectives for the forthcoming year? What kind of change do you hope to bring about for the American society in the UK? & nbsp,
Flo: Our main goal in the future general election is to win re-election. Our top priorities on the international stage include completing the deal agreement between India and the UK and strengthening defense and security ties, particularly in the face of threats from China and Russia.
Our national objectives include boosting the economy, increasing citizen disposable money, and addressing cost-of-living issues. Geographically, we want to enhance transportation, education, and health treatment. We’re making investments in the growth of neighborhood hospitals, an expansion of officers appearance, and a fight against rising crime rates.
Our local plan is centered on ensuring necessary services like health care, education, and transport while upholding fair tax.
VB: How do you intend to incorporate climate activism and justice into your mission? & nbsp,
BB: The world is experiencing significant climate effects, such as melting ice in Antarctica and rising sea temperatures that cause flooding and extreme weather. India wants to lead the world in renewable energy, while the UK prioritizes offshore weather.
The difficulty lies in persuading people to support climate change initiatives despite possible fees. Governments must effectively speak the effects. India, a developing country, faces particular difficulties, particularly when it comes to supplying electricity to remote areas.
India don’t get lectured, but it’s essential to have a strategy for switching away from fossil fuels. China’s ongoing coal-power growth poses a serious threat to the environment.
I lost 11 members of my family – earthquake victim
After a 6.3-magnitude earthquake struck the Afghan state of Herat on Saturday, whole villages were destroyed. There were over a thousand fatalities.
According to the UN, people are also looking for the more than 500 people who have vanished while using hammers and bare arms.
Myanmar: 29 killed in artillery strike on camp for displaced people
SuppliedIn an military attack on a tent for displaced people in Myanmar, at least 29 individuals, including children, were killed.
The camp is close to the Kachin Independence Army’s( KIA ), an insurgent organization that battles the military Junta that controls the nation.
All of the victims, according to a KIA official, were civilians.
Since the country’s government was overthrown in a military takeover in 2021, issue has erupted in Myanmar.
The Junta is to blame for the attack on the camp, according to the exiled National Unity Government( NUG ), which calls it a” war crime and crime against humanity.”
The government has been contacted by the BBC for comment.
Since seizing control from the civilian government, the government has progressively used heat attacks against its adversaries.
Pictures of body being pulled from the debris and lots of brain luggage lying side by side were posted on local advertising.
The Mong Lai Khet Quarter, which is about two miles from the KIA’s office in the area of Laiza, was the scene of the attack late on Monday night.
For a very long time, there has been issue in the area.
However, according to visitors, there hasn’t been any recent fighting close to the tent.
Countless civilians reside in domestic displacement camps in and around the city, which is close to the Chinese border.
Even before the revolution, the KIA was one of the largest of dozens of ethnic separatist organizations fighting the military.
According to Colonel Naw Bu of the KIA, the most recent invasion resulted in 56 injuries, 44 of whom were taken to hospitals for care.
When defense strikes were launched on Antpa in Kachin State last October, more than 60 people perished.
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San Francisco: Man who crashed car into Chinese consulate shot dead
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Police in Buenos Aires shot and killed a man on Monday after he crashed his vehicle into the Chinese consul.
The unnamed man was shot, according to a police statement, after soldiers arrived at the scene.
Online video captured dozens of people leaving the consul developing while the blue Honda car was resting in the entrance.
The event was denounced in a consulate statement, which also stated that it posed” significant danger” to the security of its staff and other personnel present.
It continued,” We vehemently condemn this violent strike and reserve the right to seek retribution for the affair.”
The consulate has sent solemn representations — a term for expressing diplomatic discontent— to the US, pleading with them to make sure the situation is properly handled.
Police stated that an investigation was ongoing but made no more details public.
The embassy building in the state’s Japantown neighborhood is cordoned off, and images depict a sizable police presence.
In the anteroom, Queue obstacles and chairs were topped, and various pieces of furniture were broken.
There have been no reported accidents from inside the embassy.
Chinese President Xi Jinping is anticipated to enter the Asia-Pacific Economic Cooperation, which will take place in Buenos Aires second month.
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Singapore’s air quality worsens, 1-hr PM2.5 reading in the east returns to elevated range
SINGAPORE: The air quality has once more decreased after two days of relief from the fog, with the 1-hour PM2.5 reading just entering the elevated range. The reading was 56 in the second band( 56 to 150 ), above the normal range, as of 11 a.m. Readings were within theContinue Reading
China to hold nationwide survey on population changes in November
HONG KONG: As authorities struggle to increase China’s declining birth rate, the National Bureau of Statistics may conduct a nationwide trial study in November to help better prepare community policies. Beijing is immediately attempting a variety of measures to increase China’s birth rate, including financial incentives and expanding childcare facilities,Continue Reading
Thai death toll in Israel rises to 18
10 October 2023 at 10: 30 PUBLISHED
According to the deputy foreign affairs minister, 18 Vietnamese people have died as a result of the Hamas assault on Israel.
According to Jakkapong Sangmanee, until Israeli forces retake the dying regions, their bodies must not be returned to Thailand. Up until that point, the victims’ systems were inaccessible.
He claimed that Thai employees are still being ejected from dangerous regions in Israel.
About 5,000 Vietnamese workers were present in the fight area, while there were about 30 000 in Israel. So far, on 3, 000 people have expressed a desire to go back home. According to Mr. Jakkapong, the second group was anticipated to profit on Thursday.
According to the deputy minister, around 100 Thais had expressed a desire to delay going back home.
Because military plane were not permitted to get in Israel as the fighting was getting closer to the airports, Mr. Jakkapong said that the repatriation process would primarily rely on business and chartered flights.