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Chinese tourist charged with trying to cheat relatives by staging fake kidnap in Singapore

A Chinese tourist, Liu Changjian, faced charges of attempted cheating in Singapore for allegedly attempting to stage his own kidnapping to recoup gambling debts. 

Zambry: Special committee out to formulate education system, policy for 2025-2030

Datuk Seri Zambry Abdul Kadir, the federal minister of higher education, has announced the formation of a special committee to assess and review the higher learning education system in Malaysia.

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Kelantan assembly approves plan to restore shariah enactments struck down by Federal Court

The Kelantan legislative assembly has given approval to reintroduce 16 provisions of the Kelantan Shariah Criminal Code (1) Enactment 2019, which were annulled by the Federal Court on February 9.

Vietnam's Largest Financial Fraud Trial: Property Tycoon Accused of Embezzling $12.5 Billion

A major financial fraud trial has begun in Vietnam, involving Truong My Lan, chair of the prominent developer Van Thinh Phat, and 85 other defendants. Lan is accused of embezzling $12.5 billion from Saigon Commercial Bank (SCB) over a decade, making it the country's largest financial fraud case.

A-G Report proposes 16 recommendations to improve financial management of federal agencies

The Auditor-General’s Report (LKAN) on the financial statements of federal agencies for the year 2022, tabled in Parliament, has outlined 16 recommendations for corrective actions and improvements.

Singapore to Raise Salary Threshold for Employment Pass Applicants

Singapore is set to implement changes to its foreign work pass system, including an increase in the Employment Pass (EP) qualifying monthly salary for new applicants and renewals.

S’pore retirement age to go up to 64 in 2026, re-employment age to rise to 69

The retirement age in Singapore will increase from 63 to 64 on July 1, 2026, providing longer statutory protection for workers who wish to continue working. Simultaneously, the re-employment age will also rise from 68 to 69. 

Singapore Faces Potential Impact on Digital Services Due to Expiring WTO Trade Rule

Singapore, a strong advocate for the open multilateral trading system under the World Trade Organisation, is set to participate in the biannual Ministerial Conference in Abu Dhabi from February 26 to 29.

Jack Ma’s Ant Group outbids Citadel Securities for Credit Suisse’s China joint venture

Ant Group, backed by Jack Ma, has reportedly outbid Citadel Securities for Credit Suisse's investment bank venture in China.

MKH Oil Palm Subsidiary, MKHOP, Advances Main Market IPO with Underwriting Agreement

Singapore resident Shamoon Rafiq has pleaded guilty to defrauding investors of millions of dollars in a scheme where he posed as representatives from a billionaire family’s investment office. 

Talks to sell foodpanda have failed, says owner Delivery Hero

German food delivery giant Delivery Hero has announced the failure of negotiations for the sale of its foodpanda business in several Southeast Asian markets, including Singapore, Malaysia, the Philippines, and Thailand. 

Sunway Property targets RM2.6bil sales this year

Sunway Property, a Malaysian property developer, has set a sales target of RM2.6 billion for 2024 after achieving sales of RM2.4 billion in 2023, exceeding its target of RM2.3 billion. 

Tags: Property

Carousell fined $58k for data breaches

Singapore-based e-commerce platform Carousell has been fined SGD 58,000 (USD 42,400) by the Personal Data Protection Commission (PDPC) for two separate data breaches that occurred in 2022. 

COE prices fall across all categories except for commercial vehicles

In the recent Certificate of Entitlement (COE) tender in Singapore, there has been a notable fluctuation in prices across different vehicle categories.

MKH Oil Palm Subsidiary, MKHOP, Advances Main Market IPO with Underwriting Agreement

MKH Oil Palm (East Kalimantan) Bhd (MKHOP), a subsidiary of MKH Bhd, has signed an underwriting agreement with M&A Securities and Kenanga Investment Bank for its initial public offering (IPO) on the Main Market of Bursa Malaysia. 

BharatGPT, Backed by Reliance, Set to Launch AI Model Hanooman in March for Local Language Applications

BharatGPT, a consortium backed by Reliance Industries and several Indian engineering schools, is set to launch its first ChatGPT-style service in March.

Tags: TMT

Malaysia yet to decide if it will sell two plots of land in Woodlands to Singapore

Singapore's proposal to purchase two plots of land belonging to Malaysia that will be affected by the redevelopment of the Woodlands Checkpoint (WCP) is still under deliberation by Malaysian authorities, according to Malaysian High Commissioner to Singapore Datuk Dr Azfar Mohamad Mustafar.

Apex court reserves decision on woman's appeal against Muslim status

The Federal Court in Putrajaya has reserved its decision on the appeal brought by a 37-year-old woman seeking to overturn a Court of Appeal ruling that reinstated her Muslim status.

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Vietnam calls for review of regulations for interest deductions

Vietnam's General Department of Taxation (GDT) is seeking to amend regulations capping the allowable deduction for loan interest expenses at 30% of earnings. This move comes in response to businesses facing difficulties from high interest rates in 2022-2023.

Tags: Tax

Singapore ABSD tiered clawback rate a win

The introduction of a tiered clawback rate for developers' additional buyer's stamp duty (ABSD) in Singapore is being viewed as a positive move for Malaysian property companies with ongoing developments in the city-state, namely Sunway Bhd and IOI Properties Group Bhd (IOIProp).


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