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The Monetary Authority of Singapore (MAS) has ordered the closure of BSI Bank's operations here over anti-money laundering rule violations, in a deepening probe into scandal-hit Malaysian state fund 1Malaysia Development Berhad. The bank was also fined $13.3 million while six of the bank's senior staff were referred to the public prosecutor to evaluate any criminal wrongdoing.
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President Tony Tan Keng Yam, on a state visit to Italy, has identified several trade and investment opportunities for Singaporean and Italian businessmen that will further strengthen bilateral ties.
Plans by controversial Philippine president-elect Rodrigo Duterte (photo) to give dictator Ferdinand Marcos a hero's burial triggered outrage yesterday, with martial law victims warning that it would whitewash the strongman's crimes. They expect protests against such a move to be headed by outgoing President Benigno Aquino.
British singer Adele has signed a multi-album contract with the Sony label with a headline value of £90 million (S$182 million) that, if paid out in full, would make it the biggest record deal in history. The 28-year-old singer-songwriter was the best-selling artist in the world last year.
Indonesia has sought to draw attention to illegal, unreported and unregulated fishing as a form of transnational organised crime. It said such fishing has contributed to annual economic losses of up to US$20 billion (S$27.7 billion).
How has Indian Prime Minister Narendra Modi performed? If the first two years were spent capturing the international stage, in the next three years he needs to focus on the home front. Professor Syed Munir Khasru says Mr Modi needs to tackle employment generation and income inequality.
A group of architects plans to submit a draft conservation plan for the iconic Dakota Crescent housing estate, whose 17 rental blocks are slated to be demolished for redevelopment. The group is suggesting that part of the estate be used for businesses like eateries.
Compass Point in Sengkang, which was closed for refurbishment works last October, is slated to reopen in the third quarter this year under the new name of Compass One. It was supposed to be renamed 1 Sengkang Mall, but many netizens found the name boring.
South-east Asia's Internet economy is poised for an explosive take-off, according to a new study by Google and Singapore investment firm Temasek Holdings. The market for e-commerce, online travel and online media in the region is expected to grow to about US$200 billion (S$276 billion) by 2025, from US$31 billion last year.
Things may be looking up for the beleaguered karate fraternity in Singapore after years of infighting.
The Singapore Karate-do Federation will next month meet six of its former affiliates, which it kicked out in 2011 after they joined a rival body, in a bid to resolve their differences.
Actors Jason Sudeikis and Josh Gad lent their voices to the lead characters of The Angry Birds Movie because they want to make films their young children can watch. The stars are known for many raunchy comedies, including We're The Millers (2013).