Though Robinhood investors are known for chasing risky stocks, these companies will have investors sleeping easy.
The Ministry of Health confirmed seven new COVID-19 cases in Singapore on Wednesday (25 November), taking the country’s total case count to 58,190.
Meghan Markle has revealed she suffered a miscarriage in July this year, writing in The New York Times on Wednesday of the deep grief and loss she endured with her husband Prince Harry.
An English and Literature teacher invited a student for a car ride and later sexually assaulted her.
HDB's last BTO launch for 2020 saw 5,795 new BTO units spread over 5 locations across Singapore. HDB has just concluded its last BTO launch for 2020. Earlier in November, HDB launched 7 projects at 5 locations, namely Sun Sails at Sembawang (Non-Mature Estate), Garden […]The post HDB BTO Launches In 2020 (Sembawang, Tengah, Bishan, Tampines, Toa Payoh – Bidadari) appeared first on SingSaver Blog - We Compare, You Save.
Pro-establishment Hong Kong lawmaker Regina Ip Lau Suk-yee said the cases of two opposition activists, Joshua Wong Chi-fung and Agnes Chow Ting, would determine whether more laws need to be passed to close loopholes in the national security law that Beijing imposed this year.Wong, 24, and Chow, 23, were remanded in custody at West Kowloon Court on Monday after pleading guilty over their roles in a 15-hour siege of Hong Kong’s police headquarters during the anti-government protests last year.But they may not serve time after court proceedings are finalised, Ip said in an online debate with former US assistant secretary of state for East Asian and Pacific affairs Daniel Russel.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.The exchange was part of a series organised by the Washington-based think tank Center for Security and International Studies (CSIS) and moderated by Bonnie Glaser, director of its China Power Project.“Both of them have pleaded guilty to public order … and they continue to make political speeches, after they pleaded guilty, before and even after they were remanded they still spoke to the media about ‘Hong Kong people add oil, don’t give up,’ and that sort of thing,” she added, saying it was evidence that freedoms guaranteed by the city’s Basic Law remain intact.Ip said it may take “two to three years” before the Hong Kong court renders final decisions on Wong and Chow because of the appeal process.“That’s why our government said recently – in fact, the secretary for security John Lee said recently, when people asked him, ‘Are you going to reactivate Article 23 and introduce local legislation to fill the other loopholes?” Ip said, referring to the part of the Basic Law that requires Hong Kong to enact national security legislation on its own.An attempt to do so in 2003 saw the bill shelved after an estimated half a million people took to the streets to oppose it. Fresh sanctions, criticism, charges mark Hong Kong security law’s fourth monthLee “said that we have to wait and see how the new national security law operates before we know whether there are other loose ends to tie up”, Ip added. “So the answer is, I don‘t know, these are early days.”Ip also asserted that Hong Kong’s courts remain independent from political interference and characterised the city’s “one country, two systems” framework after the imposition of the national security law as “a challenging enterprise” and “a work in progress”.Critics have said that the law – which gives authorities sweeping powers to target acts of secession, subversion, terrorism and collusion with foreign forces – could fundamentally reshape the international financial hub, though the central and local governments have repeatedly pledged that the law would target only a minority of people.“One country, two systems is not easy … and what we see happening is a coming together of the two systems,” Ip said.“Although freedom has been restricted in some areas, and this is happening around the world, whenever you have terrorism threats or separatism threats, you have to introduce new legislation to restrict freedom, somewhat, but [to a degree that is] permissible” under the United Nations’ International Covenant on Civil and Political Rights.Ip’s position was in line with that of Zhang Xiaoming, deputy director of the State Council’s Hong Kong and Macau Affairs Office, who said last week that anti-China activism will no longer be allowed among legislators and officials by law, as a key step to ensuring the patriotism that must underpin the city’s political system.“People who love the country and Hong Kong will govern Hong Kong, and people who are anti-China and cause trouble in Hong Kong are out,” Zhang told the Basic Law 30th Anniversary Legal Summit. “This is a political rule under ‘one country, two systems’, and has become a legal requirement now.” Man ordered to foot government bill for challenging detention under security lawRussel rejected Ip’s contention that Wong’s and Chow’s continued ability to address the public proves that freedoms guaranteed by the Basic Law remain intact.“What that means is that the crackdown is not yet complete,” he said.“The national security law supersedes Hong Kong’s courts. It’s exempt from judicial review. It creates an office with unchecked authority. And it‘s introduced mainland secret police, it’s taken a page out of the East German Stasi handbook by soliciting informers and encouraging anonymous accusations.”The new multi-platform tip line referenced by Russel received more than 10,000 messages in its first week in existence. The hotline allows the public to send information, photos, and audio and video clips to a designated email address. They can also send messages via SMS or WeChat, though officers do not pick up incoming calls.More from South China Morning Post: * ‘I’m ready for jail’: the Hong Kong dissidents who chose to stay and fight * Hong Kong opposition trio Joshua Wong, Ivan Lam, and Agnes Chow face jail after pleading guilty to charges over police headquarters siegeThis article Hong Kong lawmaker Regina Ip says Joshua Wong and Agnes Chow cases may determine if more national security legislation is needed first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Indulge in leisurely high tea buffets in Singapore with these credit card deals that make time with loved ones — or yourself — even sweeter. We're more than midway through the year and whether it’s been full of good stuff — resolutions going as planned — […]The post High Tea Promotions In Singapore appeared first on SingSaver Blog - We Compare, You Save.
China’s top diplomat to Germany has dismissed concerns that Beijing will rely less on the European Union as a result of focusing more on its internal market after signs of rapprochement between the EU and US since the American electionAn assurance on Tuesday from Beijing’s ambassador Wu Ken that the bloc will still be a key partner of China – along with a telephone call between the nations’ leaders Angela Merkel and Xi Jinping – came as China and Germany face difficult bilateral challenges, including completing a major EU investment deal and facing falling public opinion of China in Germany.Addressing German and Chinese business leaders and politicians during the Belt and Road Economic Dialogue, held online on Tuesday, Wu sought to explain Beijing’s economic strategy after concerns that it would lead to China turning inward and relying less on imports.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.“Germany and Europe will gain more momentum from China’s new ‘dual circulation’ development pattern,” Wu said, referencing a phrase used in Chinese policy circles since September.Dual circulation, or developing “internal circulation” and “external circulation” in tandem, has been billed as a means to boost China’s internal market growth.Wu said the policy would not mean decoupling from the global economy.“The internal circulation is not to be developed behind closed doors, but to further revitalise and release China’s market potential, promote a higher level of opening up, and make better use of both domestic and international markets,” he said. “China will continue to expand and open up. This is China’s basic national policy.”Following the US election, EU leaders are looking to US president-elect Joe Biden to work with Europe to counter Beijing, with Germany and France calling for unity in opposing countries such as China, Russia and Iran.In a rare joint opinion piece, French Foreign Minister Jean-Yves Le Drian and his German counterpart Heiko Maas outlined their call in The Washington Post in mid-November, saying the US and the EU should “consult each other” to coordinate their approach to China on human rights, digital infrastructure and fair trade.China has been one of the largest buyers of goods from the export-dependent German economy. Last year, China was Germany’s third-largest export market, and second-largest source of imports, according to official Chinese statistics.Wu added that China and the EU were both increasing the pace of negotiations for a long-awaited bilateral investment treaty, scheduled to be completed before the end of the year.The pressure is on for both sides to produce concrete results with the political leadership about to change in both the US and Europe, according to Ding Chun, an expert in China-Germany relations at Fudan University in Shanghai.“There’s a very short window,” he said. “Merkel will probably be leaving soon, and Germany is drawing near to the end of its rotating term in the EU presidency. There’s enormous pressure for both sides to make good on their promise to complete the investment agreement.”Thomas Gnocchi, head of the EU’s office in Hong Kong and Macau, said both the EU and China maintained their objective of concluding negotiations by the end of the year. China must deliver on opening up promises ahead of ‘last chance’ EU summit“These ongoing negotiations, we believe it’s very important to finalise them,” Gnocchi said at an event at Hong Kong’s Baptist University on Wednesday.The deal was mentioned in Tuesday’s phone call between Xi and Merkel, according to a brief statement from Germany’s foreign ministry. Along with progress on the deal, the two also discussed vaccine development and joint efforts to combat climate change, the statement said.There are unfavourable opinions of China in Germany, according to new polling data in a study of 13 nations released last week by Sinophone Borderlands, a research organisation in the Czech Republic. It found that more than 60 per cent of Germans viewed China either negatively or very negatively.More detailed data from the German polling in the report was released this week, and showed that close to half of Germans felt their perception of China had got worse over the past three years.Additional reporting by Kristin HuangMore from South China Morning Post: * China reminds EU to chart its own course as European leaders reach out to Biden * China must strike a balance between opening up and protecting its markets, EU diplomat saysThis article EU will not be snubbed by Beijing, Chinese ambassador assures Germany first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
The fourth course of a feast of high-ranking US official visits to the self-ruled island of Taiwan has been ruled off the menu, with the indefinite postponement of US environmental chief Andrew Wheeler’s planned visit for three days in early December.He would have been the fourth senior Washington official to travel to Taipei in as many months, as the Trump administration has stepped up its ties with the island, which Beijing regards as part of its territory, to be returned by force if necessary.Speaking on Monday in anticipation of Wheeler’s arrival, Taiwanese Premier Su Tseng-chang said the visits represented an ever-closer relationship between Taipei and Washington. “It is like a full banquet with one new dish coming after another.”Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. US-China-Taiwan: how will Biden change the balance?The following day, Su’s dinner plans were disrupted when US Environmental Protection Agency spokesman James Hewitt said Wheeler’s visit had been postponed “due to pressing priorities at home”. The announcement followed a report in The New York Times last week which put the cost of the trip at US$45,000.The report questioned the justification for the visit – during a government transition and with Wheeler soon to leave office – as well as the cost to taxpayers which included US$25,000 in chartered flights, according to The Times.Hewitt criticised the premature exposure of Wheeler’s planned visit to Taiwan, saying “it is disturbing that a government official would leak deliberative schedules … that could jeopardise both international diplomacy and personal security, and we are referring the matter to the inspector general.”He also said there was no plan for Wheeler to make separate trips to Panama, Costa Rica, Ecuador and the Dominican Republic in January, as reported by The Times.Taiwan’s foreign minister Joseph Wu said there was no relation between the postponement and the hush-hush visit by an unidentified US official – believed to be Rear Admiral Michael Studeman, director of intelligence at Indo-Pacific Command – who arrived on Sunday for a three-day stay. Taiwan starts building submarine fleet amid military threats from BeijingBoth Washington and Taipei have been tight-lipped about the visit but neither denied reports that it was Studeman. The unannounced trip prompted an angry protest from Beijing, with China’s foreign ministry reiterating its opposition to any form of exchange between the US and Taiwanese officials or military.“The Chinese side will, according to how the situation develops, make a legitimate and necessary response,” spokesman Zhao Lijian said, without elaborating.Beijing reacted with similar fury to visits to Taipei by US health secretary Alex Azar in August and undersecretary of state Keith Krach in September, each time sending fighter jets across the Taiwan Strait close to the island.The mainland has been ramping up the pressure on Taiwan, staging war games close to the island and sending military planes into its air defence identification zone – with more than 1,760 sorties so far this year.On Wednesday, Taiwanese Presidential Office spokesman Xavier Cheng expressed regret over the postponement of Wheeler’s visit, and said Taipei respected the EPA administrator’s decision.“But Taiwan and the US will continue to deepen their long-time cooperation in environmental protection and it remains a goal for our two sides to seek to expand their exchanges in all levels and areas,” he said.More from South China Morning Post: * First of four accused Taiwanese spies sentenced to prison in China * Furious Beijing files formal protest over US environment chief’s Taiwan visit * Taiwan visit by admiral ‘suggests two months of provocation by Donald Trump’This article US leaves Taiwan wanting more with latest official visit off the menu first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
A man who illegally loaned money to 19 Filipino maids over nearly two years was jailed for two years, six weeks and fined $240,000 on 25 November.
Hong Kong leader Carrie Lam Cheng Yuet-ngor’s fourth policy address was her most overtly political yet – and the lengthiest, tying Leung Chun-ying’s record for longest policy blueprint ever.Over some two hours and 15 minutes, Lam drove home what she characterised as the need to save Hong Kong’s constitutional order from “chaos”, while also laying out a long list of economic and social measures – more typical fodder for a policy address – that will rely heavily on the assistance and coordination of Beijing if they are to help the city pull out of the economic downturn triggered by the Covid-19 pandemic.Here are the five key takeaways from Tuesday’s speech.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. As it happened: Carrie Lam’s policy address hails Beijing’s staunch support1\. Restoring the constitutional orderHong Kong represented a “gaping hole” in China’s national security, and restoring constitutional order and protecting the political system from “chaos” would be “urgent” priorities, Lam said.While peace had been “restored” in Hong Kong since the imposition of the Beijing-drafted national security law on June 30, she added, efforts should be made to ensure national security was “comprehensively” protected.The government would make better use of the annual National Constitutional Day and National Security Education Day to conduct public education on a large scale, Lam continued, while two pieces of legislation would be amended to strengthen procedures surrounding lawmakers, judges and civil servants’ pledges of allegiance to the city and to the Basic Law.Meanwhile, Lam appeared to take a somewhat softer stance on young protesters facing prosecution over last year’s unrest. Police were prepared to consider handling cases concerning arrestees under 18 who were not involved in serious offences with measures conducive to their rehabilitation, such as through caution and bind-over orders, she said. But the prerequisite was that the minors must admit their wrongdoing, she added.2\. Greater Bay Area integrationAs expected, a key focus of Lam’s policy address concerned integration into the Greater Bay Area, a plan to turn a cluster of cities in Guangdong, along with Hong Kong and Macau, into an economic powerhouse.The Stock Connect trading schemes between Hong Kong and the cities of Shanghai and Shenzhen would be enhanced, Lam said, by opening up the cross-border investment programme to loss-making biotechnology firms listed in Hong Kong, and stocks listed on the mainland’s sci-tech innovation board.The Airport Authority Hong Kong, which runs the city’s airport, will acquire more shares in Zhuhai Airport, a smaller airport in the bay area for domestic travel, to “deepen cooperation” in the aviation sector and build a “world-class aviation cluster”.Meanwhile, a youth employment scheme will be launched to encourage enterprises with operations in both Hong Kong and the bay area cities to recruit and deploy local university graduates to work on the mainland. The scheme will provide 2,000 places.3\. Bolstering the economyOne of the most immediate measures Lam vowed to take to help out local businesses hit hard by the pandemic-related downturn was the abolition of the doubled ad valorem stamp duty (DSD) on commercial properties from Thursday. Scrapping the tax would lower transaction costs on commercial real estate deals, and could trigger investment, analysts have said.Noting that Hong Kong’s GDP was expected to shrink by 6.1 per cent this year – the worst decline on record – Lam said the city would evolve in its role as a middleman between the mainland and the rest of the world. With Beijing following a new “dual circulation” economic strategy prioritising what it calls internal circulation – or fostering self-sustaining domestic demand over exports – “Hong Kong can further strengthen its intermediary role” when it comes to so-called external circulation, or engagement with outside markets, Lam said. Lam’s postponement of address ratcheted up anticipation, potential for disappointment4\. Beating back the Covid-19 pandemicSuccessfully battling the coronavirus pandemic relied on mainland help, including the central government’s pledge to reserve a certain amount of vaccines developed or produced on the mainland for use by Hong Kong people when necessary, Lam said.An important aspect of the city’s recovery is the resumption of cross-border travel, a point Lam floated to central government officials during her recent meetings on the mainland, only to be rebuffed and sternly reminded to prioritise virus control measures at home.In light of this, Lam said, a universal community testing scheme – similar to the one seen in September – might have to be brought back to achieve the target of zero local infections necessary to reopen the border with the mainland, though she offered few other details as to how this might be accomplished.5\. Increasing housing supplyUnlike with Lam’s past policy speeches, housing and land took a back seat this year. She said the government had identified 330 hectares of land on which to build 316,000 public housing units over the next 10 years.The decision to expedite the Northern Link railway project was new, and would make 90 hectares of land available to deliver over 70,000 housing units.Meanwhile, some quick relief will be provided for about 90,000 people in the long queue for public housing, including a cash allowance for low-income applicants and turning hotels and guest houses with low occupancy rates into transitional housing.Lam’s signature policy, the controversial, and gigantic, Lantau Tomorrow Vision land-reclamation scheme, will also be effectively expedited, with the government retracting from the legislature several funding requests for civil service posts that were slated to be reviewed prior to the one for Lantau. A HK$550 million (US$71 million) funding push for a preliminary study into the Lantau plan will be the next item on the agenda for the Legislative Council, now dominated by the pro-establishment camp, to vet.As part of SCMP’s commitment to providing our readers with expert coverage of the policy address, this article is free to all. Please support us on our mission to bring you quality journalismMore from South China Morning Post: * As it happened: Hong Kong leader Carrie Lam’s policy address hails Beijing’s staunch support, doubles down on national security and vows to ‘relaunch city, rebuild trust’ * Hong Kong leader Carrie Lam’s postponement of policy address has ratcheted up anticipation – and the potential for disappointmentThis article Hong Kong policy address key takeaways: cutting through Carrie Lam’s 30,000-word blueprint to put city ‘back on track’ first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
A man who imported a stun gun resembling a flashlight was jailed for five days and fined $3,000 after an ICA officer found the item in the mail.
John Kerry’s appointment as US climate envoy and Washington’s expected pivot on climate change policy could help find common ground with Beijing under president-elect Joe Biden, Chinese foreign policy observers said.The return of former secretary of state Kerry to a cabinet-level role was an early sign of the Biden administration setting a more predictable course for its dealings with China, some argued. However, one said renewed engagement by a more multilateral Washington could bring it into conflict with Beijing over who should lead on certain issues globally.Even if US-China tensions were to remain over economic, technological and other issues, having familiar faces from past administrations could stabilise relations after four tumultuous years under President Donald Trump, they said.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.Kerry’s appointment was one of six National Security Council positions filled on Monday. They also included Antony Blinken being picked for secretary of state when Biden takes office in January.“Kerry is seen as a very experienced official, with a good knowledge of China, and having him as climate ambassador brings new opportunities for Sino-US cooperation,” Tao Wenzhao, a US-China relations expert at the Chinese Academy of Social Sciences, said.Both Kerry and Blinken served under Trump’s predecessor, Barack Obama. Kerry made annual trips to China as secretary of state between 2013 and 2017.In 2015, Kerry said China and the US had “cooperated quite extraordinarily” on climate change during his meetings with China’s then foreign minister Yang Jiechi in Washington, despite disagreements over security issues including Beijing’s island-building in the South China Sea.And in the autumn of 2018, after Trump had initiated a trade war with Beijing, Kerry said China “[does] not react well to bludgeoning”.It was Kerry who signed on behalf of the United States as 171 nations sealed 2016’s historic Paris climate accord – from which Trump announced his country’s withdrawal the following year. Biden has vowed to rejoin the accord on the first day of his presidency.“The Trump administration has done a lot to undo what Kerry did as secretary of state on climate change and other multilateral issues of agreement like the Iran nuclear deal – which will give Kerry and Blinken a lot of work to do,” Tao said.“I don’t believe the Kerry appointment will bring the US back to the way things were before. The US will have room to renegotiate on any number of things it may rejoin, from climate change to the Iran nuclear deal to the World Health Organization.” China’s goal to be carbon neutral by 2060 to cost US$15 trillion, report saysChinese President Xi Jinping pledged in September his country would be carbon-neutral by 2060. Josep Borrell, the European Union’s foreign policy chief, said the pledge would be a “game-changer” if China turned words into actions.“The Kerry appointment demonstrates a typical liberal priority from the Democrats on climate issues, highlighted by placing such a high-level diplomat in the job,” Yu Wanli, a Beijing-based international security analyst, said.Bringing back Washington policy veterans would aid interactions between the two countries, Yu predicted.“The appointment of Kerry and other familiar faces definitely makes things much more predictable for China, but also the whole world,” he said.Shi Yinhong, a professor of international relations at Renmin University in Beijing, warned that the US-China relationship might still be overshadowed by deepening competition regardless of who occupied senior positions in Washington.“While some economic and diplomatic issues may be mitigated by bringing in more predictable politicians, I expect that technological and general strategic and ideological rivalry will continue,” he said.“Even though the Democratic administration and China may agree on climate change, both countries will want to take global leadership roles on the issue, and may easily fall into ideological competition.”More from South China Morning Post: * Joe Biden cabinet: US Treasury Secretary pick Janet Yellen faces huge challenge to reconcile China trade policy, support American economy * US-China-Taiwan: how will Joe Biden change the balance?This article Joe Biden cabinet: John Kerry as climate tsar ‘may cool US-China tensions’ first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
European regulators on Tuesday took a step closer to letting the Boeing 737 Max fly again, publishing a proposed airworthiness directive that could see the aircraft cleared within weeks after being grounded for nearly two years over deadly crashes. The publication of the directive by the European Union Aviation Safety Agency opens a 28-day public consultation period after which the agency will review the input and then approve the aircraft for flight. Regulators around the world grounded the Max in March 2019, after the crash of an Ethiopian Airlines jet.
Scores of freshly-dug graves fill the church compound in Mai-Kadra. Shovels abandoned by weary hands are strewn on the dirt among empty cans of lemon air freshener that fail to mask the stench of death.
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Your favourite international buffet haunts may be closed during Phase 2 of post-Circuit Breaker, but a la carte buffet restaurants have reopened (yay!). Like most self-professed foodies in Singapore, the one thing that made everything feel better during Circuit Breaker was the fact that you […]The post 7 A La Carte Buffets To Enjoy During Phase 2 appeared first on SingSaver Blog - We Compare, You Save.
President-elect Joe Biden on Tuesday introduced a seasoned national security team which he said was prepared to resume US leadership of the world once Donald Trump leaves the White House.
Pop queen Beyonce on Tuesday led the Grammys pack with nine nominations, as music prepares to celebrate its hitmakers in a year that saw the coronavirus crisis deal devastating blows to the industry.
Canadians can expect the first doses of a Covid-19 vaccine in early 2021, likely later than those countries that can produce it themselves, Prime Minister Justin Trudeau said Tuesday.
Afghan President Ashraf Ghani urged the international community to continue supporting Afghanistan on Tuesday even as he acknowledged that donors are likely to cut aid under the strain of Covid-19.