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[Poll] Majority of Singaporeans Say The PAP Handled Inflation 'Badly'!
In Current Affairs
Ah Sam Boi Boi
Sep 23, 2022
S'pore core inflation near 14-year high of 5.1% in August on more costly food, services SINGAPORE - Consumer prices in Singapore continued to climb in August and core inflation hit a near 14-year high, on the back of more costly services and food. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 5.1 per cent year on year, up from 4.8 per cent in July. This marks its highest level since it touched 5.5 per cent in November 2008. The August figure was above the Bloomberg poll of 5 per cent rise. Also up is headline consumer price index or overall inflation for August. It came in at 7.5 per cent, matching the 14-year high in June 2008. In July, it was 7 per cent. The increase mainly reflected higher transport inflation, besides the pickup in core inflation. The August headline inflation was higher than Bloomberg's estimates of 7.2 per cent in July. For the full year, the headline inflation forecast remains unchanged at between 5 per cent and 6 per cent, while core inflation is projected to average between 3 per cent and 4 per cent, said the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Friday. Their data showed that private transport costs had the biggest increase to 24.1 per cent in August from 22.2 per cent in July. This was due to a faster pace of increase in car prices. Food inflation came in at 6.4 per cent in August, up from 6.1 per cent the previous month, lifted by steeper rises for food services and non-cooked food. Services inflation crept up to 3.8 per cent mainly because of a stronger pickup in holiday expenses. Both accommodation inflation and costs of retail and other goods edged up slightly to 4.7 per cent and 2.9 per cent, respectively. Electricity and gas inflation was the only category that bucked the trend to ease to 23.9 per cent in August from 24 per cent last month due to a smaller rise in gas prices. Both MAS and MTI said inflationary pressures will remain elevated in the months ahead. https://www.straitstimes.com/business/economy/singapore-core-inflation-hits-near-14-year-high-of-51-in-august-on-faster-rise-in-food-services-prices
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Singaporean couple lost >2 million SGD after Terra LUNA collapsed.
In Chillin' In The Lounge
Ah Sam Boi Boi
Sep 20, 2022
SPF Confirms That Terra Luna Founder is No Longer in S’pore Seems like Terra Luna’s founder Do Kwon’s attempts to renew his employment pass in Singapore didn’t work, since the SPF had confirmed that he is no longer in Singapore. This comes after South Korea has been trying to force him to leave Singapore while investigating him for crimes in the Korean capital market. Wait, Who? For the “cryptocurrency bros” among us, you’ve probably heard of Terra Luna, a cryptocurrency company that was founded by Mr Kwon, a South Korean. The 31-year-old, who is known as Do Kwon, founded Terraform Labs in 2018 with a partner after failing at his first attempt to invent a stablecoin project. And for those who have absolutely no idea who I’m talking about, here’s all you need to know about him: After his cryptocurrency company crashed, he’s been trying to apply to renew his employment pass in Singapore. But it seems like that has crashed and burned too. SPF Confirms He Left Singapore A spokesperson for the Singapore Police Force confirmed that Do Kwon is no longer in Singapore. The SPF will be working together with the Korean National Police Agency (KNPA) in investigations against him. This comes after Seoul issued arrest warrants for Do Kwon and five others based in Singapore for violating South Korea’s capital market regulations on 14 September. As for how Kwon’s actions came to light, the Financial Times previously reported that the relevant authorities in South Korea apparently started looking into issues related to Kwon and Terraform Labs due to two complaints being filed against the company. The complaints, which represented a whopping 81 investors, accused Kwon and Terraform Labs of “deceiving investors”. “Not On The Run” After news broke out that he isn’t in Singapore anymore, Do Kwon tweeted that he is “not on the run”. “For any government agency that has shown interest to communicate, we are in full cooperation and we don’t have anything to hide,” tweeted Do Kwon on 18 September. “We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months. Cheers.” Despite this, he hasn’t revealed his location since leaving Singapore. Saying that he isn’t on the run sounds exactly like something one would say… if they’re running away or hiding. His latest tweet at point of writing is a joke about how he hasn’t gone running in a while, referencing his claim that he isn’t on the run. https://goodyfeed.com/spf-confirm-dokwon-left-sg/
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Fatal accident at Aljunied Road: 52-year-old pedestrian hit by car
In Chillin' In The Lounge
Ah Sam Boi Boi
Sep 17, 2022
Pedestrian dies after being hit by car in Aljunied, driver arrested SINGAPORE - A 52-year-old male pedestrian died on Saturday morning after he was hit by a car at the junction of Aljunied Road and Sims Avenue. The driver, an 86-year-old man, has been arrested for careless driving causing death, the police said on Saturday. The victim was found motionless and pronounced dead at the scene by a paramedic, the Singapore Civil Defence Force said. The police said they were alerted to the incident at 6.40am and that investigations are ongoing. A Facebook video posted on Saturday showed a black police tent along Aljunied Road, with some members of the public standing at a road divider, accompanied by police officers. It is not known whether they are the deceased's family members. Contacted by The Straits Times, Ms Nora Chik, 49, the deceased's cousin, said the man was on his way to work when the accident happened. Ms Nora, who runs a home-based business selling halal food in Christchurch, New Zealand, said that she had received the news from other family members in the morning. She said: "We were not that close but I remembered that my cousin would take me to school and pick me up when I was staying with his family in Singapore." In a Facebook post on Saturday, Ms Zulyanna Zainal, the deceased's wife, thanked her family and friends for the concern they have shown her and her two sons. She said: "May God bestow blessings upon him. To God we belong and surely to Him we return." Those who are found guilty of driving without due care or reasonable consideration causing the death of another person can be fined up to $10,000, jailed for up to three years, or both, for a first-time offence. https://www.straitstimes.com/singapore/courts-crime/male-pedestrian-dies-after-being-hit-by-car-in-aljunied
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KOUFU @ JEM suddenly announces it is not renewing lease, wants all stallholders to vacate by 30 April!
In Announcements/Broadcasts
[GPGT] Insurance agents are scum.
In Chillin' In The Lounge
Ah Sam Boi Boi
Sep 16, 2022
6 insurance agents working at the same agency jailed for falsifying expense claims to evade nearly S$100,000 in taxes SINGAPORE — Six insurance agents were jailed and penalised for tax evasion on Friday (Sept 16) after they claimed false business expenses and collectively reduced their income taxes by close to S$100,000. The six, who used to work at the same agency, pleaded guilty to making false entries to evade tax. They are: • Yvonne Quah, 34, who was jailed for eight weeks and ordered to pay S$113,839 for evading S$37,946 in personal income taxes • Lim Zhan Yi, 32, who was jailed for five weeks and ordered to pay S$83,610 for evading S$27,703 in taxes • Chan Jun Yi, 33, who was jailed for two weeks and ordered to pay S$27,531 for evading S$9,010 in taxes • Sherlin Chia Hee Ping, 41, who was jailed for 10 days and ordered to pay S$32,542 for evading S$10,680 in taxes • Chanel Quah Hui Wen, 31, who was jailed for one week and ordered to pay S$14,433 for evading S$4,644 in taxes • Jackie Tang Hong Kong, 42, who was jailed for four days and ordered to pay S$8,465 for evading S$2,655 in taxes Court documents did not state which agency they worked for but checks online revealed that they represented Great Eastern Financial Advisers. The Inland Revenue Authority of Singapore (Iras), which brought the charges against them, said in a statement that for the 2018 and 2019 tax assessment years, the six had claimed business expenses amounting to about S$600,000 in their income tax returns as “general expenses” and “commissions paid to introducers”. Investigations found these to be a sham. “The six insurance agents neither paid any 'introducer fees' to these purported introducers nor received any services from them,” Iras added. Tax prosecutor Goh Yong Ngee said that the tax evaders were aided by two others: Former insurance agent You Yiying and Ian Chew Yen. You, who was referred to in court documents as Kyra, had known Chew because he had previously introduced clients to her. You was friends with Tang and Chan, and became acquainted with the others through them. The prosecutor said that Chew had fabricated documents to support the six agents’ expense claims. With fake acknowledgement forms stating substantial amounts of “introducer fees”, Chew and Kyra recruited individuals willing to sign them and provide copies of their identity card in exchange for a token sum, the prosecutor added. Chew would then log in to the six agents’ online tax portal accounts and file tax returns on their behalf. Five of them — Yvonne Quah being the exception — also failed to keep supporting records for their income and allowable deductions, an offence under the Income Tax Act. Iras said that the six agents will be referred to the Monetary Authority of Singapore for regulatory action. Kyra pleaded guilty in May to one count of intentionally aiding tax evasion, with two similar charges taken into consideration during sentencing. She was jailed for eight weeks and ordered to pay S$113,839 the next month. Chew’s case is pending before the courts. Iras urged businesses and members of the public to immediately disclose any past tax mistakes. It said that it will treat such disclosures as mitigating factors when considering actions to be taken against them. Informants who provide information or documents that lead to a recovery of evaded taxes will also be given a cash reward of 15 per cent of the tax recovered, the authority said. “Iras will ensure that the identities of informants are kept strictly confidential,” it added. Tax evasion carries a penalty of up to three times the amount of tax evaded. Offenders are liable to a separate fine of up to S$10,000 or up to three years’ jail, or both. https://www.todayonline.com/singapore/insurance-agents-fake-claims-evade-taxes-1994911
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Shit-listed companies
In Announcements/Broadcasts
Ah Sam Boi Boi
Sep 14, 2022
Police reports lodged against fitness studios that allegedly closed down overnight SINGAPORE - Several police reports have been lodged against two fitness studios whose outlets have allegedly closed down overnight. Kyklos Studio and its affiliated brand X Fitness are run by Mr Atlas Ang, 31. Their websites and social media pages were suddenly locked or taken down earlier this week, and he has become uncontactable. The Straits Times' attempts to contact him for comment have also been unsuccessful. Several users, who told ST that they bought packages ranging from $200 to $600, are worried that they will not be able to get their money back. Speaking on condition of anonymity, several said they took up the packages as the studios appeared proper and had outlets in malls. One woman in her mid-20s spent about $300 in August on a package of 20 classes after attending a trial class. "I have signed packages with other studios and this has never happened before," she added. "I'm really upset over the fact that they did not even announce anything on their social media and simply disappeared." She said she had yet to attend a single class and found out about the latest turn of events from a friend on Tuesday. Her friend tried attending a class she had signed up for, but found that the studio was locked. Freelance instructors at the studio have also been unable to contact Mr Ang. The studios conduct their classes in GR.iD mall in Dhoby Ghaut and Tekka Place in Serangoon. A spokesman for Tekka Place said the fitness studio is not a tenant, but would book event spaces for its activities. A spokesman for GR.iD mall said it was notified of the sudden closure of the studio at 10am on Tuesday and has been trying to contact the owners. "We empathise with the members affected by the closure and will update the relevant parties if we are able to contact them," she added. More at https://www.straitstimes.com/singapore/police-reports-lodged-against-fitness-studios-that-allegedly-closed-down-overnight
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5 Reasons Young Singaporeans Prefer to Rent Instead of Buy A Home in 2022
In Current Affairs
Ah Sam Boi Boi
Sep 11, 2022
Rental, shared housing more appealing to young S'poreans, though most still want to own homes: Study SINGAPORE - More young Singaporeans, compared with older age groups, are considering renting and flat sharing as they find current property prices too high. Even then, most still intend to buy a home within the next two years, a consumer sentiment study released by real estate portal PropertyGuru last week showed. While one in three respondents said they feel the pinch of rising rents, two in three of those aged 22 to 29 said they have chosen to rent instead of buy a home due to their lack of savings. One-fifth of respondents in this age group felt that current property prices are too high, and about one-third expressed interest in home ownership alternatives like shared housing - such as renting a common room in an apartment or co-living spaces - due to lower rent and common facilities. The study did not release data on the sentiment towards shared housing for the other age brackets. The twice-yearly study, conducted between June and July this year, had 967 respondents. Privacy and freedom are the reasons often cited by young Singaporeans who enter the rental market, said OrangeTee & Tie senior vice-president of research and analytics Christine Sun. "The trend was more prevalent during the pandemic when more people were working from home. We have also observed more young couples renting because they are waiting for the completion of their new flats," she said. Mr Asher Chua, 27, who rents a four-room Housing Board flat in a central location with two friends, said he chose to move out of his parents' home last year as he wanted to have his own space. "I do still feel the pinch of forking out for rent each month, but I'd say having the personal space is worth it and I don't regret it. "I want to be able to have friends over, but when you're staying with family, it can be a bit hard to do so," the sales executive said. More at https://www.straitstimes.com/singapore/housing/shared-housing-more-appealing-to-young-sporeans-though-most-still-want-to-own-homes-study
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Najib fell into his chair, Rosmah in tears as Federal Court upholds ex-PM's SRC conviction
In Current Affairs
Ah Sam Boi Boi
Sep 06, 2022
Najib’s Son Likens His Father’s Imprisonment To Mandela, Saying That He Will Emerge As A Better Person The internet was furious when Nizar Najib recently compared his father’s current hardships with the late and former President of South Africa. The son of former Malaysian Prime Minister Datuk Seri Najib Razak has said that his father will persevere through his imprisonment in the same way Nelson Mandela did during his time in prison. He was certain that the Pekan MP would emerge from prison as a better person. Why was Nelson Mandela imprisoned? Canadian Museum of Natural History stated Mandela fought against the South African system of racial supremacy known as apartheid. Under apartheid, each individual was classified as “white/European,” “black,” “coloured,” or “Indian/Asian.” Non-white South Africans possessed little political influence. Every element of people’s lives was dictated by restrictive rules, including where they could live, work, and travel, and their access to education, healthcare, and other social services. Several South Africans opposed apartheid. There were campaigns of civil disobedience, national strikes, and boycotts. Young attorney Nelson Mandela joined this campaign in the 1940s. In the 1950s, he was a prominent leader in the fight against apartheid. After being convicted and sentenced to five years at Robben Island Prison, he was tried for sabotage in 1964. In June 1964, he and several other African National Congress (ANC) officials were convicted and sentenced to life in prison. Mandela was an inspiration to many people. Why was Najib Razak imprisoned? Najib on the other hand, was found guilty on numerous charges. Straits Times stated that he was sent to jail due to the theft of millions of dollars from a company associated with 1Malaysia Development Berhad (1MDB). 1MDB was a sovereign fund established in 2009 to foster economic growth with the assistance of Malaysian financier Jho Low. The Federal Court, the highest court in Malaysia, upheld Najib’s conviction on seven counts of abuse of authority, money laundering, and criminal breach of trust regarding 1MDB affiliate SRC International. Straits Times also stated that the US Department of Justice (DoJ) reported approximately $4.5 billion (S$6.3 billion) was routed to offshore bank accounts and shell corporations, many of which were tied to Low, during its largest kleptocracy investigation ever. The intended purpose of the stolen funds was for national benefits. All of the stolen funds were apparently used to purchase expensive items like handbags and jewelry. Najib is incarcerated due to his involvement in the scandal. https://www.therakyatpost.com/news/malaysia/2022/09/06/najibs-son-likens-his-fathers-imprisonment-to-mandela-saying-that-he-will-emerge-as-a-better-person/
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Dear PAP, Does This Old Man Look Like He’s ‘Exercising’?
In Current Affairs
Food King has officially shut down, all NOC videos on Youtube removed
In Announcements/Broadcasts
Ah Sam Boi Boi
Sep 03, 2022
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Fixed deposit rates are fast catching up with CPF OA's 2.5%!!!!!
In Current Affairs
Shopee set for mass layoffs
In Current Affairs
Ah Sam Boi Boi
Sep 01, 2022
Chinese engineer flies to Singapore for job at e-commerce giant Shopee but offer is cancelled when he lands at Changi Airport HONG KONG — Shopee, operator of the largest e-commerce platform in Southeast Asia, has cancelled a number of employment offers last minute, which gained attention in China when one worker posted his plight on WeChat after arriving in Singapore. “I landed with my wife and dog and was told my offer [from Shopee] was cancelled while I was still at the airport,” a user going by “Lin Ge goes to Nanyang” wrote on his official WeChat account over the weekend. The cuts from Shopee, owned by Tencent Holdings-backed Sea Limited, have largely affected technology positions in Singapore, where the company is based. Sea is one of many tech companies around the world cutting back amid a slowing global economy and fears of recession. The company confirmed to the Post it cancelled some tech roles. “Due to adjustments to hiring plans on some tech teams, a number of roles at Shopee are no longer available. We are working closely to support those affected,” Sea said in a statement. Shopee is offering compensation of one month’s salary and travel expenses to those affected, according to a source close to company who declined to be named as the information is not public. “Going back to three days ago, I might not have believed it,” Mr Lin Ge said in his WeChat post. “This WeChat official account was created on May 17, 2022, to share my life in Singapore and algorithm technology. But it turns out my first article is about my unemployment, job hunting and how to negotiate compensation.” Mr Lin Ge’s story has attracted wide attention on Chinese social media platforms Weibo and Maimai, with some users sharing similar experiences. “Three days before officially joining Shopee, I received a notice that my offer had been cancelled,” one person wrote on Maimai, a professional networking site that rivals Microsoft’s LinkedIn. The post attracted hundreds of comments and reposts. Other areas of Shopee have also been affected by cutbacks this year. In June, the company laid off workers from its food delivery and payment arms, in addition to reducing staff in Argentina, Chile and Mexico, according to media reports, citing an internal email from CEO Chris Feng. Sea reported widening losses in the second quarter amid many market challenges. Net losses more than doubled to US$931.2 million (S$1.3 billion), 42 per cent higher than consensus estimates of US$655 million, according to Refinitiv data. Singapore has become one of the most popular destinations for Chinese workers looking to flee a slowing economy at home and strict Covid-19 control measures that are still in effect. After the Shanghai lockdown earlier this year, Mr Huang Yimeng, the billionaire co-founder of video gaming giant XD, said he is relocating abroad with his family next year. The city state has also become increasingly attractive to some Chinese companies. Shein, a Nanjing-based fast-fashion e-commerce company that primarily operates overseas, has been ploughing resources into Singapore. Founder and CEO Chris Xu became a permanent resident. Other Big Tech firms in China have been “optimising” their workforces to contend with the economic slowdown. Tencent downsized its workforce for the first time since 2014, trimming nearly 5,500 employees from its payroll in the second quarter. That same quarter, smartphone maker Xiaomi cut more than 900 jobs, nearly 3 per cent of its workforce, according to its earnings report. https://www.scmp.com/tech/big-tech/article/3190793/chinese-engineer-cut-shopee-after-landing-singapore-goes-viral-wechat
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Rosmah Mansor spent RM100,000 a month on PR efforts to deflect criticism of her lavish lifestyle!
In Current Affairs
Ah Sam Boi Boi
Sep 01, 2022
Might as well kill me, says Rosmah after DPP asks for maximum sentence KUALA LUMPUR: Datin Seri Rosmah Mansor in making a statement from the dock in her corruption trial at the High Court, here, tearfully said she was saddened with what happened in court today. Earlier, High Court Judge Mohamed Zaini Mazlan ruled that the prosecution had proven its case against the wife of former prime minister Datuk Seri Najib Razak. Rosmah was found guilty of all three corruption charges involving the RM1.25 billion project to supply solar hybrid energy to rural schools in Sarawak. "To me the courtroom is where you get justice," Rosmah said. "I have always told my lawyers to always speak to the truth... that is the way I was brought up. "I don't want to say anything more. I respect your decision. I want to leave this court in a good way. I was once the first lady of this country." Rosmah added that while she did not want to blow her own trumpet, she had initiated many programmes for children in the country. She said she also felt proud to have contributed in many ways to the improvement of children in the country. "Never ever did I think I want to squander any money. "I was in charge of Bakti and we had RM45 million in it... never ever did I touch a single sen." Rosmah said she also never knew anyone in Jepak Holdings, the company which was awarded the contract. "Nobody saw me taking any money... but if that is the conclusion, I leave it to Allah. "I did not even know the total cost of the project was that much... I am just telling the truth and nothing but the truth." Rosmah said she never thought of cheating any of the association she had led. "So when I ended up in court, it took me by surprise. "I have also never influenced my husband... whenever I opened my mouth, he would say you are my wife don't interfere." Rosmah then went on to urge the judge to be compassionate. "It can happen to me now, it can happen to your children and grandchildren. "I am a victim... you want us to suffer, we have suffered. I am telling you this. "Look at me as a woman and be compassionate," she said. Meanwhile, her lawyer Datuk Jagjit Singh earlier submitted on Rosmah's plea for a lesser sentence. He called on the judge to sentence Rosmah to just a day's jail and a minimum fine. He said Rosmah had an unblemished character and had done service to the nation as the wife of a prime minister, especially in helping young children who were not given education. He added that Rosmah's branchild, the Permata programme to help underprivileged children, was something no other wife of any prime minister in the country had ever done. Jagjit said Rosmah also had health issues which the court should consider. He added that others implicated in the project had all gotten off scot-free while Rosmah was the only one charged. "Nevertheless, she still rendered her full co-operation to the authorities." Meanwhile, lead prosecutor Datuk Seri Gopal Sri Ram urged the court to take into consideration the gravity of the offence. He said Rosmah faced a maximum of 20-years in jail and also a fine of five times the amount of gratification received. He said any decision should make those intending on taking corruption money stop dead in their tracks. "If just a day's jail is imposed, it will send the wrong message to the people. "The maximum or a near maximum sentence should be imposed... corruption is a very serious offence," he said. Upon hearing this, Rosmah remarked: "Might as well kill me." Rosmah was charged with soliciting RM187.5 million from former Jepak Holdings Sdn Bhd managing director Saidi Abang Samsudin, through her then aide Datuk Rizal Mansor, as an inducement to help the company secure the project. She was also accused of two counts of receiving bribes amounting to RM6.5 million from Saidi between 2016 and 2017. Her trial started in 2020 and was held over 42 days of hearing, with 23 prosecution and two defence witnesses - including Rosmah, called to testify. Rosmah's case started on Feb 5, 2020, and Zaini ordered her to enter her defence on Feb 18 last year. The defence closed its case on Feb 23. The prosecution was led by Sri Ram, assisted by Deputy Public Prosecutors Ahmad Akram Gharib, Mustafa P Kunyalam and Poh Yin Tinn while Rosmah was represented by jagjit and Datuk Akberdin Abdul Kader. https://www.nst.com.my/news/crime-courts/2022/09/827572/might-well-kill-me-says-rosmah-after-dpp-asks-maximum-sentence
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Asiaone: Joseph Schooling, swim for Thailand?
In Current Affairs
Najib fell into his chair, Rosmah in tears as Federal Court upholds ex-PM's SRC conviction
In Current Affairs
Ah Sam Boi Boi
Aug 24, 2022
Ex-AG: Najib can seek royal pardon, but will have to serve 'considerable' jail time first KUALA LUMPUR, Aug 24 — Former prime minister Datuk Seri Najib Razak could write to the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah in a bid for clemency over his conviction in the SRC International Sdn Bhd corruption case, but he will have to serve time first, former attorney-general (AG) Tan Sri Abu Talib Othman reportedly said. Abu Talib was a prosecutor in the late 1970s when the late former Selangor chief minister Datuk Harun Idris was convicted for corruption and the AG in 1982 when the late former culture, youth and sports minister Datuk Mokhtar Hashim was convicted for the murder of Datuk Mohamad Taha Talib, the then-speaker of Negri Sembilan legislative assembly. "Both were granted a pardon only after serving jail terms for some time,” he was quoted as saying by online news portal Free Malaysia Today. Lawyer Syed Iskandar Syed Jaafar Al Mahdzar reportedly spoke further on the process, saying: "I think Najib would have to serve a considerable [amount of] time before he can get clemency as he did not put forward mitigating factors before the apex court." Syed Iskandar reportedly cited the case of Opposition leader Datuk Seri Anwar Ibrahim, who was given a royal pardon in 2018 after serving three years in jail for sexual misconduct against a former aide. He also reportedly said that the Agong must act on advice despite the power of pardon being vested in him and that the decisions of any pardons board are currently beyond review by courts. The royal pardon falls under Article 42(1) of the Federal Constitution, which gives the Agong or Sultan the powers to grant a pardon or reprieve to a convict, wiping clean any legal punishments to provide a "clean slate”. Yesterday, Najib failed in his final appeal against the High Court's guilty conviction, which saw the Federal Court ordering him to serve his 12-year sentence with immediate effect. He was also fined RM210 million. He had been found guilty of one count of abuse of power, three counts of criminal breach of trust, and three counts of money laundering. Chief Justice Tun Tengku Maimun Tuan Mat said that the findings of the High Court on the defence were correct and that the learned trial judge had undertaken a thorough analysis of the evidence produced by the defence, correctly evaluating all the evidence led in relation to the defence and did not believe the defence narrative. She also said that Najib had shown how his defence was inconsistent, incoherent and unworthy of belief, as submitted by the prosecution. After spending an hour at the courtroom with his family, aide and fellow party members, he departed to Kajang Prison to serve his sentence. https://www.malaymail.com/news/malaysia/2022/08/24/ex-ag-najib-can-seek-royal-pardon-but-will-have-to-serve-considerable-jail-time-first/24440
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[Poll] Majority of Singaporeans Say The PAP Handled Inflation 'Badly'!
In Current Affairs
Ah Sam Boi Boi
Aug 23, 2022
S'pore core inflation rises to 4.8% in July 2022 Singapore's core inflation rose to a new high of 4.8 per cent in July 2022, according to data from the Department of Statistics on Aug. 23, up from 4.4 per cent in June. It marks the second straight month in which it exceeded the 4 per cent rate last breached during the global financial crisis. Headline inflation: 7% July’s headline inflation, which includes accommodation and private transport costs, was 7 per cent, up from 6.7 per cent in June and representing another multi-year high. But the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) maintained their full-year forecast ranges of 3 to 4 per cent for core inflation and 5 to 6 per cent for headline inflation. They had raised these forecasts in July. All up MAS and MTI said in a joint statement that increasing inflation was due to a larger increase in electricity and gas tariffs, which recorded the most significant increase, going up by 24 per cent from the year before, in an acceleration from June’s 20 per cent increase. Food inflation was 6.1 per cent, up from 5.4 per cent in June, due to price increases for both cooked and non-cooked food. Private transport and accommodation inflation also intensified in July. Private transport inflation rose to 22.2 per cent due to an increase in car prices, up from 21.9 per cent in June. Accommodation inflation was 4.6 per cent, up from 4.2 per cent before, as housing rents rose at a faster pace. Price increases for retail and other goods rose at a slower rate of 2.8 per cent, compared to 3.1 per cent in June. Inflation to stay elevated till end-2022 MAS and MTI said they continue to expect core inflation to stay elevated over the next few months before easing towards the end of the year. Car and accommodation cost increases are also likely to stay firm for will the end of 2022, they added. Domestic businesses are likely to pass on cost increases to consumer prices, with the labour market remaining tight, and with consumer spending firm, MAS and MTI said. The inflation outlook by MAS and MTI highlighted that global inflation is likely to stay elevated in the near term, even though global supply chain frictions have eased slightly and some commodity prices have levelled off. https://mothership.sg/2022/08/singapore-core-inflation-july-2022
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Train pengsan on Bukit Panjang LRT line....vat happen sia?
In Chillin' In The Lounge

Ah Sam Boi Boi

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