GIC says risk of shocks may trigger world recession `sooner than expected”
The global rebound is “fragile” and shocks could push the world toward another recession, according to Government of Singapore Investment Corp., manager of more than $100 billion of the nation’s foreign reserves. Risks to the global recovery have increased due to Europe’s debt turmoil, continued deleveraging in the U.S....
Alan Shadrake: I’m not going to be cowed
Former British Weekly writer Alan Shadrake, who is facing two years in jail for penning an expose of the Singapore justice system, was in defiant mood this week when we contacted him for an exclusive interview. “I’d write that book again,” Alan told us on Thursday, after undergoing a ten-hour grilling from the city...
“Foreign Talents” arrested for loansharking activities
A Vietnamese man has been sentenced to 22 months in prison and 15 lashes for harassing debtors. Mai Thanh Tai, 22, was convicted of having violated the Moneylenders Act of Singapore at a hearing on June 28. Singapore Police Force said Tai entered the country on May 26 as a tourist. He was arrested in front of an apartment...
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