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Business
S$2.4 Million caught in Maybank illegal trading profits. The United States Securities and Exchange Commission froze the assets of certain unknown customers of Singapore broker-dealer Maybank Kim Eng Securities on suspicions of insider trading.
Big Sums: One-third of Credit Suisse’s $30.2 billion net assets taken last year came from its lendings. As such, Credit Suisse sees the direction towards wealth management paying off well — This growth in our lending and in our net new assets is driving their net interest income
Manufacturing sector in Singapore grew for 6 months straight with an increase of 2.2% compared to the year before. However, there seems to be a slowing growth as new orders and exports, as well as factory output, came off the peaks reached in the previous month.
Sushi is getting stale. Sakae Holdings net loss rose to $5.2 million despite constant sales volume. The weak ringgit mainly contributed to the low sales value resulting in lower share prices.
World
Status of Trump’s wall construction: 0.9% With lofty ambitions comes heavy sums to back up Trump’s wall building plans. So far, only $20 million out of the necessary $21 billion has been raised. This amount will only confirm the signing of wall prototypes, going nowhere near actual construction at all.
“The World news is fake” — said all of North Korea as they identified the cause of Kim Jong Nam’s death as a result of heart attack instead of a poison-attack.
Local
Singapore confident of its’ Pedra Branca case against Malaysia — Minister for Foreign Affairs expressed at the government’s budget talks. They believe that the case from Malaysia is weak and does not satisfy the criteria under Article 61.
Tsum Tsum takes our hearts. Almost 1000 people gathered at Dhoby Ghaut to witness the arrival of the giant Disney plushies that started their journey from Bugis Junction, to Raffles Place, and ending at Dhoby Ghaut.
GrabShuttle.gov.sg? Govtech is working with Grab to allow commuters to book pre-allocated routes in a 15-person vehicles.
Let’s close the Caregiving gap! Public servants and their spouses will get an additional 4 weeks of unpaid infant care leave per parent. As such, a total of 26 weeks is now given to parents after the childbirth.
Tech
Amazon goes green. The huge tech company will be installing solar panels at its warehouse and distribution centers around world. Further afield, Amazon said it was planning to deploy solar systems at 50 of its facilities globally by 2020.