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Several local remisiers are being questioned by the financial authorities over alleged breaches of the securities law after a series of raids on at least four brokerages this week. Some say those involved may include veteran remisiers who drive flashy sports cars.
TOP OF THE NEWS
Leasing momentum at shopping malls slowed, with vacancies in the central region rising to a five-year high of 8.7 per cent in the first three months of the year - up from 8 per cent in the fourth quarter last year - driven largely by more vacant space in the Orchard submarket.
China and South Korea yesterday slammed Japan after dozens of Japanese lawmakers, including a minister, visited the Yasukuni Shrine. The visit came one day after Prime Minister Shinzo Abe (photo) drew flak over a ritual offering to the war shrine, which honours several senior military and political figures convicted of World War II crimes.
Malaysia, having lost RM14 billion (S$5 billion) in oil revenue last year because of the free fall in oil prices, is planning to boost its coffers with new measures. It will be rolling out new commercial fees for phone companies and airlines and reviving a traffic summons system.
Fears abound that China will fall into the middle-income trap and fail to make the great leap to high-income economy. Those fears are unfounded, writes Professor John Wong, who says if even China fails, no other developing country will make it.
Singapore has spent $6 million to relocate over 2,000 coral colonies in the way of a port development in Tuas. They were moved from Sultan Shoal to the waters off St John's and Sisters' islands because land reclamation necessary for the port project could destroy them.
A coroner yesterday ruled that the police shooting of Mohamed Taufik Zahar, 34, outside Shangri-La Hotel on May 31 last year was "a lawful killing". The officer was doing his job of neutralising a perceived threat when Taufik drove through security barriers despite shouts to stop.
Private home prices slipped 0.7 per cent in the first quarter while Housing Board flat resale prices continued to stabilise, new data shows. HDB home prices fell just 0.1 per cent in the three months to March 31 after rising 0.1 per cent in the fourth quarter.
Tampines Rovers chairman Krishna Ramachandra has acknowledged cash-flow problems but assured that operations will not be affected. He further admitted he might have underestimated the difficulties of running an S-League club, as the challenges were far greater than expected.
Xinyao singer Dawn Gan, 53, revealed yesterday that she was diagnosed in 2013 with synovial sarcoma, a rare form of cancer of the soft tissue. She has had five operations to excise tumours and part of her lung, and also received 25 sessions of radiotherapy. She is currently tumour-free, but is still being monitored for the return of cancerous cells.