News Asia

Swiss-Asia Financial Services fined S$2.5 million for breaches of anti-money laundering requirements

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SINGAPORE: The Monetary Authority of Singapore (MAS) has fined Swiss-Asia Financial Services S$2.5 million (US$1.8 million) for multiple breaches of requirements to safeguard against money laundering and terrorism financing. A reprimand has also been issued to the company’s chief executive officer and chief operating officer for failing to ensure compliance with these requirements.   The … Read more

Hamas accepts Gaza ceasefire; Israel presses Rafah attacks but says will continue talks

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JERUSALEM (AP): Hamas announced its acceptance on Monday (May 6) of an Egyptian-Qatari ceasefire proposal, but Israel said the deal did not meet its “core demands” and that it was pushing ahead with an assault on the southern Gaza city of Rafah. Still, Israel said it would continue negotiations. The high-stakes diplomatic moves and military … Read more

Commentary: What recourse do home owners have with persistent water leaks?

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LEGISLATIVE REFORMS FOR PROPERTY DEFECTS Homes are one of the most significant economic commitments in a person’s lifetime. Against the growing number of housing developments in land-dense Singapore, the Singapore Academy of Law Building and Construction Sub-Committee recently penned a concept paper suggesting legislative reforms in relation to private residential property defects. It recommends the … Read more

Brazil ex-president Bolsonaro hospitalized again with skin infection

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SAO PAULO: Former Brazilian president Jair Bolsonaro, who was hospitalized for a bacterial skin infection while campaigning in the Amazon region, is doing well and will be transferred Monday (May 6) to Sao Paulo, his lawyer said. Bolsonaro should be moved from Manaus later in the day his lawyer and spokesman Fabio Wajngarten told AFP. Earlier, the former … Read more

Panama president-elect Mulino seeking to make his own mark

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PANAMA CITY (Reuters) – Panama’s President-elect Jose Raul Mulino told a cheering crowd moments after he won Sunday’s general election that he was “no one’s puppet”, having parachuted into the presidential race late to replace his former boss Ricardo Martinelli who was barred from running after a money laundering conviction. Mulino is widely regarded as … Read more

Singapore, Malaysia have issues to work through but bonds ‘go deeper’ than economic cooperation: President Tharman

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Before the state banquet, Mr Tharman and Sultan Ibrahim unveiled designs for four stamps that will be jointly issued by SingPost and Post Malaysia to mark the centennial anniversary of the Causeway. “They are timely reminders of how this busiest land crossing in the world is not just a physical connection between our two countries, … Read more

Myanmar ethnic armed group says it captured hundreds of junta personnel

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BANGKOK: A Myanmar ethnic armed group said on Monday (May 6) it had captured a military command and taken hundreds of junta personnel prisoner in western Rakhine state, the latest blow to the military. Clashes have rocked Rakhine since the Arakan Army (AA) attacked security forces in November, ending a ceasefire that had largely held since … Read more

Water disruption in PD due to odour pollution, says MB

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SEREMBAN: Water supply to some 37,000 premises in Port Dickson and parts of the city here has been disrupted after the Sg Linggi treatment plant was forced to close temporarily due to odour pollution, says Datuk Seri Aminuddin Harun. The Mentri Besar said the authorities first received a report of a fuel-like odour in the … Read more

Waterbomb Singapore 2024 details announced: First wave of artistes include Sandara Park, Eunbi and Bambam

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Standard tickets will go on sale for the public from May 10, with tickets priced at S$198 for a one-day pass and S$338 for a two-day pass. UOB cardholders can enjoy a presale session on Thursday (May 9). All tickets will be available through KKday.  In a statement to the press, David Yong, CEO of Evergreen … Read more