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China suspends forex business for some foreign banks: sources

SHANGHAI – China’s central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March, three sources who had seen the suspension notices told Reuters on Wednesday.
Included among the suspended…

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Brent oil prices slide back toward 11-year lows

LONDON – Brent crude oil retreated toward 11-year lows on Wednesday as indications of slowing global energy demand bumped up against record-high inventories.
Benchmark Brent, near $37 per barrel, traded just $1 away from those lows reached last week as the…

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Puerto Rico's upcoming debt payments

NEW YORK – Puerto Rico faces debt payments totaling around $1 billion on Jan. 1, and has warned several times of pending defaults.
Governor Alejandro Garcia Padilla said on Tuesday that it is “very unlikely” there will be no default on debt due Jan. 1 and…

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After ousting Shkreli, KaloBios files for bankruptcy

KaloBios Pharmaceuticals Inc , which fired chief executive Martin Shkreli earlier this month, filed for Chapter 11 bankruptcy on Tuesday.
The drugmaker listed both its assets and liabilities in the range of $1 million to $10 million in its filing with the…

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Julius Baer reaches preliminary deal in U.S. tax case

ZURICH – Julius Baer has reached an agreement in principle with U.S. authorities to settle an investigation into allegations it helped wealthy American clients evade taxes, potentially drawing a line under the Swiss bank’s biggest legal issue.
Switzerland’s…

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HDB to launch 18000 new flats in 2016, 3000 more than in 2015 – THE BUSINESS TIMES


The Straits Times
HDB to launch 18000 new flats in 2016, 3000 more than in 2015
THE BUSINESS TIMES
SINGAPORE’S Minister of National Development Lawrence Wong on Wednesday said that the Housing and Development Board will launch 18,000 new flats in 2016, 3,000 more than what was launched in 2015. This is to accommodate higher demand for …
Supply of BTO flats will rise 20% to 18000 units in 2016Channel News Asia

all 13 news articles »

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LTA appoints Independent Advisory Panel to assess power supply system for all … – AsiaOne


Channel News Asia
LTA appoints Independent Advisory Panel to assess power supply system for all
AsiaOne
SINGAPORE – The Land Transport Authority (LTA) has appointed an Independent Advisory Panel (IAP) to review the power supply system for all MRT and LRT lines. According to a statement released today (Dec 30), the IAP comprises international specialists …
LTA appoints independent panel to assess rail power supply systemTODAYonline
LTA appoints independent panel to review MRT power supply systemTHE BUSINESS TIMES

all 6 news articles »

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Thai inquiry finds 'irregularities' in controversial military park – Channel News Asia


Channel News Asia
Thai inquiry finds ‘irregularities’ in controversial military park
Channel News Asia
A Thai defence ministry team looking into allegations of corruption at a military-built park said on Wednesday it had found financial “irregularities” in the project but had no authority to investigate any wrongdoing. Posted 30 Dec 2015 18:15; Updated
Thailand inquiry finds irregularities in controversial military Rajabhakti ParkThe Straits Times
Still nothing wrong with Rajabhakti ParkBangkok Post

all 13 news articles »

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China seeks to revive northeastern rustbelt region – THE BUSINESS TIMES


euronews
China seeks to revive northeastern rustbelt region
THE BUSINESS TIMES
[BEIJING] China aims to turn its rustbelt northeast – a centre of mining and heavy industry that has been struggling to grow – into an economic stronghold by 2020, an elite Communist Party body said on Wednesday. The region has been hit with slowing
Animated rap video lauds China’s key reform groupThe Straits Times
China’s Xi tells top leaders to watch families amid graft fightTODAYonline
China’s Xi Jinping orders Communist colleagues to ‘strictly supervise’ their ABC Online
The Sun Daily –NDTV –Xinhua
all 56 news articles »

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Legal smoking age may be raised to 21 – AsiaOne


AsiaOne
Legal smoking age may be raised to 21
AsiaOne
The Singapore authorities are seeking public views on raising the minimum legal age for buying and using tobacco from 18 to 21. According to a 2008 report by the World Health Organisation (WHO), those who do not start smoking before the age of 21 are …
No butts: UC program aims to help more California smokers snuff their habitSacramento Bee
Views sought to raise minimum smoking age to 21TODAYonline
Government prepared to take action on e-cigarettesIrish Times
WDAZ –The Straits Times –AOL News
all 146 news articles »

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