Singapore ends pursuit of 15 money launderers who forfeited S$1.85 billion; Genting Singapore receives 2-year casino license extension instead of 3: Live news

Singapore ends pursuit of 15 money launderers, and more international and local news and updates curated by Yahoo Singapore.

Singapore Flyer with skyscrapers in the background, with a ferris wheel in the city. (PHOTO: Getty)
Singapore Flyer with skyscrapers in the background, with a ferris wheel in the city. (PHOTO: Getty)

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Singapore police have ended their pursuit of 15 people involved in the city-state's largest-ever money laundering scandal. This is after the suspects agreed to surrender a total of S$1.85 billion worth of assets (98.6 per cent of the seized and prohibited assets) to authorities. Investigations into two more foreign nationals are ongoing. Get more details below.

Meanwhile, Genting Singapore's license to operate a casino here has been renewed for two years with effect from next February, instead of the usual three-year term. Genting Singapore operates Resorts World Sentosa, one of the two integrated resorts here. Find out why Genting Singapore received a shorter extension.

Read more in our live blog below, including the latest local and international news and updates.

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    Singapore ends pursuit of 15 money launderers who surrendered S$1.85 billion of assets to authorities

    Singapore police have ended their pursuit of 15 people involved in the city-state's largest-ever money laundering scandal. This is after the suspects agreed to surrender a total of S$1.85 billion worth of assets (98.6 per cent of the seized and prohibited assets) to authorities.

    A total of 17 individuals, who are all foreign nationals, have been at large since local police made a series of high-profile arrests of 10 other money launderers in August 2023. Investigations into the two remaining foreign nationals are ongoing. Assets amounting to S$144.9 million linked to them remain seized or the subject of prohibition of disposal orders, police said in a statement.

    For more details of the money-laundering case and what else the police are doing, read here.

  • The surprising dementia symptom you may be able to notice in the shower

    Close-up side view Asian elderly male suffering from dementia. (PHOTO: Getty)
    Close-up side view Asian elderly male suffering from dementia. (PHOTO: Getty)

    Dementia affects more than 55 million people worldwide. Especially likely in people over the age of 65, dementia is a progressive, neurological disease that may present as forgetting things, feeling anxious, struggling to make decisions and more.

    One dementia sign that can show up while you’re showering is not being able to smell or recognise the scent of your shampoo or body wash. (Barring other issues that can impact your olfactory senses, like COVID-19 or a stuffed nose.)

    But how does it relate? Find out more.

  • Marina Bay Sands eyes Singapore's largest loan of $12 billion

    A general view of the peloton competing with the Marina Bay Sands building in the background during the 3rd Tour de France Prudential Singapore 2024 - Criterium.  (Photo by Tim de Waele/Getty Images)
    A general view of the peloton competing with the Marina Bay Sands building in the background during the 3rd Tour de France Prudential Singapore 2024 - Criterium. (Photo by Tim de Waele/Getty Images)

    In what would be the largest financing form Singapore, Marina Bay Sands (MBS) is seeking a loan of around $12 billion (US$9 billion). It seeks to fund the planned expansion of its casino resort in the city-state.

    According to Bloomberg, who spoke to people familiar with the matter who asked not to be identified discussing private information, the banks co-ordinating the loan are DBS Group Holdings Ltd., Malayan Banking Bhd., Oversea-Chinese Banking Corp. and United Overseas Bank Ltd.

    Find out more about the MBS expansion, which apparently has doubled in cost since it was first proposed.

  • Labubu dolls worth $300 reported stolen after boys allegedly tilted claw machine in Yishun

    Labubu, a popular furry doll from Chinese toy company Pop Mart. (Photo by Sun Weitong/Xinhua via Getty Images)
    Labubu, a popular furry doll from Chinese toy company Pop Mart. (Photo by Sun Weitong/Xinhua via Getty Images)

    Five Labubu dolls, valued at about $300, were reported stolen from a claw machine in Yishun, after CCTV footage captured three boys attempting to tilt the machine on Monday (18 November).

    The owner of the claw machine, situated outside pet shop Little Pets Kingdom, reportedly said that the machine drew a larger crowd after he stocked it with 11 Labubu dolls from "The Monsters Tasty Macarons Series".

    Read on for the details.

  • Co-working woes: WeWork gives up two Singapore locations

    A group of people crossing the road in downtown Singapore. (PHOTO: Getty)
    A group of people crossing the road in downtown Singapore. (PHOTO: Getty)

    WeWork is giving up space in two prime locations in Singapore.

    One co-working space spanning the 17th to 20th floors at Manulife Tower along Singapore’s 8 Cross Street has ended operations. Another three-floor space in an office building at 83 Clemenceau Avenue on the city centre fringe will close next year.

    The company remains committed to spaces at 12 remaining buildings in the city-state “well into the future,” a spokesperson said.

    Find out why and WeWork's plans next year.

  • Car driven into crowd outside primary school in China; third attack on crowds in a week

    In China, a car has been driven into a crowd of people outside a primary school in Hunan province, with multiple injuries feared.

    There are no details of casualties yet but state media said "several students and adults were injured and fell to the ground". The driver of the vehicle – identified as a white SUV – was caught by parents and school security officers and handed over to police.

    This is the third seemingly random attack on crowds in China in a week.

    More details of this developing story here.

  • A guide to buying resale HDB flat in Singapore

    An aerial look of Commonwealth. (PHOTO: Getty)
    An aerial look of Commonwealth. (PHOTO: Getty)

    If you're in the market for a resale HDB flat, here's a guide to check out before you make any decisions.

    Factors to consider include the type of HDB flat you're looking to buy, your budget for the purchase, where you would like to stay and how old the apartment is.

  • Sitting at your desk too much daily may put you at greater risk of heart disease, even if you exercise

    Sitting at your desk all day may put you at greater risk for heart disease – even if you work out in your free time, according to new research.

    Researchers looked at data from some 90,000 people who wore an accelerometer for a week and compared their sedentary and active time with later diagnoses of conditions like stroke, heart attack and heart failure in later years, according to the study published in the Journal of the American College of Cardiology.

    Find out how much sitting is too much.

  • Genting Singapore receives two-year extension of casino license

    Resorts World Sentosa and Hard Rock Hotel, integrated resort on the Sentosa island in Singapore. (PHOTO: Getty)
    Resorts World Sentosa and Hard Rock Hotel, integrated resort on the Sentosa island in Singapore. (PHOTO: Getty)

    Genting Singapore's license to operate a casino here has been renewed for two years with effect from next February, instead of the usual three-year term.

    Genting Singapore operates Resorts World Sentosa, one of the two integrated resorts here.

    According to the Gambling Regulatory Authority (GRA), Resorts World Sentosa's tourism performance for the evaluation period from January 1 2021 to Dec 31 2023 was deemed "unsatisfactory" by an independent evaluation panel, with a number of areas requiring "rectification and substantial improvement".

    Get more details of the shorter extension here.