Former GIC economist, TOC issued POFMA correction direction over false statements about HDB’s deficits

MND said that the losses incurred by HDB are “accurate and real”, adding that the agency’s deficits are covered using funding from the annual Budget, which is raised from taxes and other revenue streams. “Real money is involved, and this is certainly not an ‘accounting sleight of hand’,” said MND.Continue Reading

Penjana Kapital partners Sea to co-organise 8th Capital Connections Forum

Penjana flagship programme to stimulate Malaysian economy Dynamic change in retail provides unique opportunity for startups Penjana Kapital Sdn Bhd, an agency under the purview of the Ministry of Finance, partnered with Sea Limited (Malaysia) (Sea) to co-organise the 8th installation of Capital Connections in an effort to cultivate a vibrant…Continue Reading

SMS sender ID registration mandatory for organisations; telcos to filter potential scam messages: IMDA

SINGAPORE: As part of efforts to tackle scams, the Infocomm Media Development Authority (IMDA) announced on Friday (Oct 14) new measures that will be implemented for all organisations and telecom operators. Organisations that use SMS sender IDs will be required to register with the Singapore SMS Sender ID Registry (SSIR) byContinue Reading

China’s Congress could roil not relieve markets

TOKYO — It has been widely predicted that the Chinese Communist Party’s 20th Congress will be a triumph for Xi Jinping, who looks well set to secure an unprecedented third five-year term as Chinese leader. But whether global markets will win, too, is far less certain given the signals emanating from Beijing ahead of the October […]

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