Singapore

Singapore bans 'inflammatory' Palestinian film

Singapore - Muslimchronicle

Singapore has banned a film festival from screening a documentary later this week that features a teenage Palestinian female activist whose arrest last month has made her a symbol of resistance to Israeli military occupation in the West Bank. Justifying the ban, authorities in the Southeast Asian city state said the film "Radiance of Resistance" was "skewed" and potentially divisive forRead more

Firm Keppel Offshore to pay $422 mn

Singapore - Muslimchronicle

Singapore's Keppel Offshore & Marine Ltd. (KOM) has agreed to pay $422 million in fines to the US, Brazil and Singapore to settle bribery cases involving Brazilian contracts, US officials said Friday. The investigation of bribes to Brazil government officials was conducted under a US law allowing authorities to punish American companies or companies active in the country that are guilty ofRead more

Singapore hands life ban to banker in 1MDB-linked cases

Singapore - Muslimchronicle

Singapore on Tuesday banned a jailed banker from working in its financial services industry for life over his links to the international money-laundering scandal involving neighbouring Malaysia's state fund 1MDB. Financial regulator the Monetary Authority of Singapore (MAS) handed the punishment to Yeo Jiawei, noting he had been convicted of several 1MDB-linked charges, including money laundering, cheating and tampering withRead more

Singapore issues cryptocurrency warning

Singapore - Muslimchronicle

Singapore Tuesday issued a warning about cryptocurrencies after a recent surge in prices sent investors flocking to bitcoin. "The Monetary Authority of Singapore advises the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies," the city-state's central bank said in a statement. "MAS is concerned that members ofRead more

Four jailed in Singapore over forged Ed Sheeran tickets

Singapore - Muslimchronicle

An Australian, a Briton and two New Zealanders have been jailed for four weeks each in Singapore for selling forged tickets to an Ed Sheeran concert. The Australian, 56-year-old Paul Cosgrove, was sentenced Wednesday after admitting that he abetted Briton Martin Keane in a scheme to sneak fans into the British singer-songwriter's sold-out concert in the city-state using the fakeRead more

Singapore launches electric car

Singapore - Muslimchronicle

Singapore on Tuesday launched an electric car-sharing service, the latest transport innovation aimed at encouraging people away from owning vehicles and keeping gridlock at bay in the space-starved city-state. BlueSG, a subsidiary of France's Bollore Group, rolled out the scheme with 80 cars and 32 charging stations -- which serve as drop-off and pick-up points -- and plans to expand itsRead more

Bitcoin plunges 15% in wild trading

Singapore - Muslimchronicle

Bitcoin plunged as much as 15 percent to below $14,500 on profit-taking Friday, capping a roller-coaster week that saw the currency hit a series of record highs and underlining concerns about its volatility. The virtual currency, which has no central bank backing and no legal exchange rate, briefly hit a new record of $17,000 before plunging to $14,480 in AsianRead more

Singapore growth beats forecasts

Singapore - Muslimchronicle

Singapore's economy beat expectations to grow at its fastest pace in nearly four years during the third quarter, data showed Thursday, boosted by a surge in global demand that has buoyed Asia in the face of brewing protectionist fears. The forecast-beating performance for the island-state follows similarly strong readings from the Philippines, Malaysia, Thailand, South Korea and Taiwan, all ofRead more

Singapore rolls out tough measures to keep cars off the roads

Singapore - Muslimchronicle

In the battle against the car, space-starved Singapore has deployed road tolls, massive spending on public transport, and a licence fee that bumps the cost of an average vehicle to over $80,000. But urban planners looking for solutions to gridlock may find the draconian measures hard to replicate in other less-compliant cities. Singapore has gone further than any other majorRead more