$45.5 million worth of assets frozen in crackdown on illegal online betting syndicate
The police said in a press release yesterday (Nov 28) that 4 men and 9 women have been arrested as part of a crackdown under the newly enacted Organised Crime Act. These suspects – who are aged between 24 and 69 – are suspected of offering lottery and horse betting services through various illegal gambling websites. Through...
Are high costs of living why 56% of high earning millennials in Singapore do not feel successful?
A new report by UBS which surveyed millennials aged between 18 and 34 across 10 different markets reveals some insights into the attitudes of the young and well-heeled in Singapore. Even with a minimum income of $100,000, only 44% of the top 20% of earners in their age bracket surveyed felt that they have already achieved...
MOM report: unemployment rises and wage growth slows
A report on the labour force released by the Ministry of Manpower today (30 Nov) has showed that income growth has slowed and resident unemployment has increased amidst slowing economic conditions. On the surface, nominal incomes of resident Singaporeans have increased by 3.2% this year, compared to last year’s 5.3%. Resident...
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