TOP OF THE NEWS
More assets seized last year
The Singapore authorities seized five times the assets from foreign criminal proceedings last year than it did in 2015. The assets were seized in offences that took place overseas but passed their ill-gotten gains through Singapore, including crimes like money laundering.
TOP OF THE NEWS
MRT tunnel pumps checked
Pumps at all MRT tunnels have been checked and any repairs needed made to prevent a recurrence of last Saturday’s flooding of the North-South Line tunnels. Saturday’s flooding of a tunnel between Bishan and Braddell stations caused a disruption of about 20 hours and delays in other parts of the network well into Sunday.
Catalan govt faces pressure
The Catalan regional government has come under intense pressure to abandon its plans to secede from Spain, but the region’s president has indicated that he will stay the course. The clock is ticking down to an evening session in the regional Parliament today, where President Carles Puigdemont is slated to make an address on “the current political situation”.
Ex-PM against Thai polls delay
Former Thai prime minister Abhisit Vejjajiva and academics in the country have objected to the prospect of national elections being delayed after Prime Minister Prayut Chan-o-cha indicated that the polls may be held in 2019 after essential laws are ratified.
New global financial structure
The declining influence of Western-dominated institutions has led to the rise of regional alternatives like the Asian Infrastructure Investment Bank. They will likely complement each other, says Professor Joseph Chinyong Liow.
Hotpot importers in the soup
The latest food craze of self-heating hotpots has landed some importers on the wrong side of the law as those that contain meat are not approved for sale here. The authorities advised consumers to buy only approved products for health and safety reasons.
Labour mobility helps Asean
The World Bank says Asean countries stand to gain when they lower barriers for their people to move in and out of each other’s country to work. Those that send them out get remittances, while member states taking them in see their labour shortages addressed.
CDL may buy M&C Hotels
Property giant City Developments (CDL) said it is considering making a cash offer for London-listed unit Millennium & Copthorne Hotels at £5.525 a share. This values the M&C hotel group at about £1.794 billion (S$3.2 billion). The proposed offer would be made up of a cash amount of £5.45 a share, plus a special dividend of 7.5 pence a share payable to all M&C shareholders.
Don’t celebrate yet, Hamilton
While Lewis Hamilton leads the world championship by 59 points, he and Mercedes should not be celebrating yet, says ST columnist David Tremayne. The team’s official line is: “Four races to go and lots of hard work ahead.” With Ferrari’s pride severely dented, Mercedes are concentrating on the fact that Hamilton needs only 41 more points to seal the issue.
Catch rising artists’ works
A number of emerging Singaporean artists will be featured at the fourth Portable Art Week. New collectors can pick up paintings for between $900 and $4,000. The preview is on Thursday, and the exhibition takes place from Friday to Oct 21 at gallery iPreciation.
Straits Times Digital
Face up to change
Open doors just by showing your face, as facial recognition technology takes off in a big way in China. str.sg/facerecog
Learning for a living
Designer Vivien Ong on why she opted for the Earn and Learn programme instead of going to university. str.sg/earnlearn