Moody’s maintains negative outlook on SG banks
Kuala Lumpur (8 Jul): Moody's Investors Service is maintaining its negative outlook on Singapore's banking system over the next 12-18 months, as it has been since July 2013, and expects a moderate uptick in problem loans. The international ratings agency said on Tuesday since the moderate rise in the problem loans would be because...
PRC woman caught stealing US agri secrets
Corn on cob (Reuters, 2 Jul) - A Chinese woman has been arrested and charged with trying to steal patented U.S. seed technology as part of a plot to smuggle types of specialized corn from farm fields in the U.S. Midwest for use in China, authorities said on Wednesday. The woman, Mo Yun, is married to the founder and chairman...
Rise in money laundering in Singapore
Marina Bay Sands Skybridge (2 Jul) - Singapore has seen a 25% increase in suspicious transactions in 2013 and has confiscated over £50m in suspected proceeds of crime, according to a government agency's report. The Commercial Affairs Department (CAD), a staff department of the Singapore Police that probes white collar crime,...
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