South Korea’s ‘jeonse’ rent-free renters hit by property downturn
SEOUL: A downturn in South Korea’s home prices is causing pain in the country’s unusual rent-free rental system that benefited landlords and tenants alike during a long surge in residential property prices. In the “jeonse” scheme, tenants put up a deposit typically worth as much as 70 per cent ofContinue Reading
US-China tensions back in spotlight for global investors
US officials addressed the heightening tensions with China on Sunday after Secretary of State Antony Blinken met with Beijing’s top diplomat, Wang Yi, in Germany to discuss China’s high-altitude spy balloon and the nation’s approach to sending “lethal aid” to Russia. The US military shot down what it identified as a Chinese surveillance balloon this […]Continue Reading
Laid off via email, former Google employees in Singapore say a more human touch ‘would have been nice’
Two employees who were laid off said they were happy with the severance package and support being offered by Google.Continue Reading
Banking giant HSBC sees quarterly profit almost double
However, its annual profit fell as it absorbs the cost of selling its French retail banking operations.Continue Reading
3 people charged with cheating offences after allegedly making fraudulent loan applications of S$16 million
SINGAPORE: Three people were charged on Tuesday (Feb 21) over an alleged conspiracy to cheat six financial institutions of about S$16 million by making fraudulent loan applications. The trio – aged between 44 and 48 – were accused of making 18 such applications. Between March and August in 2018, ChoyContinue Reading
Suspected bomb maker killed by security forces in Yala
YALA: A suspected insurgent wanted in connection with last week’s lethal bomb blast in Yala’s Than Tho district was killed in a shootout with security forces on Tuesday morning.Continue Reading
Chinese spy balloon: fat man at the buffet
Most of the discussion about the Chinese balloon shot down off South Carolina in early February is on the balloon’s design, its intended purposes, and how many others there were. But there’s another question. Why would the People’s Republic of China send balloons over the United States knowing they would probably be detected and cause a brouhaha Even if […]Continue Reading
Taiwan is bolstering military exchanges with US, President Tsai says
TAIPEI: Taiwan is bolstering its military ties with the United States and will cooperate even more closely with it and other friendly nations to deal with “authoritarian expansionism”, President Tsai Ing-wen told visiting US lawmakers on Tuesday (Feb 21). The US, like most countries, has no formal diplomatic ties withContinue Reading
Man who claims to be ‘sovereign’ and prince gets jail for not wearing mask
SINGAPORE: A man who first came to public attention for saying he was counsel for anti-masker Benjamin Glynn was sentenced to two weeks’ jail on Tuesday (Feb 21) for not wearing a mask properly on two occasions when it was legally required. Abdul Rashid Abdul Rahman, 58, had claimed trial toContinue Reading
500 Global Expands Southeast Asia Leadership Team
Three new 500 Global partners in Southeast Asia named
The venture capital firm has backed over 340 companies in Southeast Asia Silicon Valley-based venture capital firm 500 Global today announced the appointment of Saemin Ahn, Shahril Ibrahim, and Martin Cu as Partners in Southeast Asia. Saemin, Sharil, and Martin will lead 500 Globalâs…Continue Reading