SINGAPORE: Two logistics workers who conspired to help smuggle the suspects in the multimillion-dollar Tradenation luxury goods scam out of Singapore in a lorry were sentenced to jail on Thursday (Sep 29). Mohamed Alias, 40, and 38-year-old Mohamad Fazli Abdul Rahman received a year’s jail each. They each pleaded guiltyContinue Reading
SINGAPORE: A former operations manager of a conservancy company was charged on Thursday (Sep 29) for allegedly collecting kickbacks from migrant workers as a condition for their employment or renewal of their work passes. Ho Chiak Hock Derrick, who was working for Lian Cheng Contracting, is accused of demanding close to S$400,000 fromContinue Reading
The People’s Bank of China participated in the trial from Aug 15 to Sept 23, testing use of digital currencies on four sides of platform. The trial period handled more than 160 cross-border payments and foreign exchange transactions totalling over 150mil yuan (RM96.86mil). Read full storyContinue Reading
US State Department spokesman Ned Price has chided Indian External Affairs Minister Subrahmanyam Jaishankar as regards the latter’s remarks last Sunday questioning the raison d’être of the US-Pakistan relationship. Yet some national dailies in India have rushed to attribute it to the US displeasure over New Delhi’s stance on the conflict in Ukraine. One daily rather […]
The post India can live with a US-Pakistan makeover appeared first on Asia Times.
JAKARTA – Indonesians have been given yet another reminder that corruption remains a drag on the country’s economy with a Supreme Court justice and the gambling-addicted governor of Papua under investigation for allegedly taking bribes and stealing from the public purse. Transparency International’s 2021 Corruption Perception Index ranks Indonesia 96th out of 180 ranked countries, a […]
The post Still rotten at the top of graft-ridden Indonesia appeared first on Asia Times.
Are you picky about Pocky? To make Pocky sticks and the rest of the company’s offerings healthier, Glico will need the power of AI. Read full storyContinue Reading
The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]
The post The Fed in a floating world appeared first on Asia Times.
The importance of semiconductors to economic security adorned newspaper headlines in 2022. As part of its technological competition with China, the United States has introduced a policy of “friendshoring” its semiconductor production to secure its supply of high-end chips that enable daily life and stock the inventory of major technology firms such as Apple. The […]
The post Asia tech ‘godfathers’ to decide US chips fate appeared first on Asia Times.
For a decade, China’s tech giants like Alibaba Group Holding Ltd and Tencent Holdings Ltd were a major driver of its economy, drawing the lion’s share of top talent to work in their ecosystems that controlled everything from messaging to payments. Read full storyContinue Reading
Anger rises after 40% of Australians had details stolen in possibly the nation’s worst-ever breach.Continue Reading