Pressure is mounting on Sherman Kwek, heir to Singapore’s biggest family fortune, as he seeks to salvage the troubled property investment at the centre of an ambitious expansion into China.
Outgoing US President Donald Trump will be far from the first to boycott his successor Joe Biden's inauguration on Wednesday -- but his absence will be the first since 1869.
China is expected to send more resources to troops stationed in remote border areas, including those engaged in the current stand-off with India in the Himalayas, following an overhaul of the People’s Liberation Army’s rules on how officers are treated.A commentary published on Sunday by PLA Daily, the mouthpiece of China’s military, said the new regulations were aimed at maintaining officers’ “basic living benefits” and establishing a better management system for career development.President Xi Jinping, who also chairs the all-powerful Central Military Commission, introduced the “Provisional Regulations on the Movement of Active Military Officers” on the first day of this year, along with a series of related rules covering areas such as selection, training and promotion.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.Military observers said the reforms might help eliminate long-standing problems that meant officers stationed in certain areas, such as the Taiwan Strait and South China Sea, were given more favourable treatment and better equipment compared with those in remote parts of the country.“There are some unfair traditions and discriminatory legacies left over from political struggles in previous decades,” Macau-based military observer Antony Wong Tong said, referring to the different treatment officials and officers in the Central, Eastern and Southeast military areas had received.For example, some officers with close connections with top leaders get promoted more quickly than their peers stationed in the remote and tough areas in the Himalayas, Wong added.“Indeed, before the outbreak of the months-long border stand-off between China and India, weapon systems deployed to the 77th Army Group in the Western Theatre Command were inferior to those given to the 72nd Army Group in the Eastern Theatre Command, which is responsible for Taiwan Strait security,” Wong said.“It’s just because the Huzhou-based 72nd Army Group in Zhejiang province has close links with Xi, while many officials in the 77th Army Groups were promoted by Xi’s political enemies Guo Boxiong and Xu Caihou.” China’s big military ship building spree to guard its aircraft carriersGuo and Xu, both former vice-chairmen of the Central Military Commission, became the most senior military officials brought down by Xi’s sweeping anti-corruption campaign.Guo received a life sentence in 2016, while Xu died in custody in 2015 while under investigation.Weapons in the Western Theatre Command have been upgraded as tensions with India rose following a deadly clash between the two sides in the Galwan Valley in June. Both sides have also increased the number of troops stationed along their disputed frontier after the incident, which left 20 Indian soldiers dead and caused an unknown number of PLA casualties.Besides replacing the J-7 fighters in the region with more advanced J-16s, other advanced weapons – including J-20 stealth fighters, H-20 helicopters, drones and rockets – have undergone high-altitude tests, suggesting they have been earmarked for the Western Theatre Command.Recent footage aired by the state broadcaster China Central Television also showed that troops in the Tibetan military region had been equipped with the latest camouflage uniforms known as the “Starry Sky” pattern.The PLA commentary said the new regulations were designed to build a system that guaranteed hardworking and responsible officers on the front line were treated fairly to ensure the army could attract and retain high-quality troops.“Under the new provisional regulations that directly link with officers’ promotion and treatment, assessment standards will more focus on combat-forces and troops stationed in tough and remote border areas,” the commentary wrote. Xi Jinping orders China’s military to be ready for war ‘at any second’A military source close to the PLA said the military, which now numbers around two million troops, has been fighting a brain drain for more than four decades.“The implementation of the new regulations is a good effort, because political loyalty tests, personal background and connections are still the most important elements for military officers to get promotion, not just their talents,” said the source, who requested anonymity.The source also stressed that the Communist Party’s rule that the “party commands the gun” still applied, adding: “That’s why the CMC needs to introduce more than 10 relevant rules and specific implementation details for the new regulations.”More from South China Morning Post: * China pulls 10,000 troops from India border, source says * High altitudes send soldiers off course in China-India border region: experts * China and India dig in at Himalayan border, with an eye on Washington * India returns Chinese soldier who strayed across disputed border * China-India border dispute: PLA ‘has built frontline observation post’This article Chinese border troops likely to benefit from new rules to end unfair treatment first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The government is monitoring the COVID-19 situation carefully and considering if more measures are necessary, said Education Minister Lawrence Wong.
Chinese troops stationed in the South China Sea are learning battlefield English to avoid misunderstandings and misjudgments during engagements with forces from other countries in the disputed waterway.According to a report by state-owned English-language broadcaster China Global Television Network (CGTN), the skill is “essential” and “must be picked up”. People’s Liberation Army troops are using gaps in their military training schedule for both concentrated learning and self-study.“In recent years, countries and forces outside China have been provoking troubles and creating tensions in the South China Sea. The naval forces in the Southern Theatre Command are at the forefront of safeguarding rights as well as maintaining regional peace and stability in the South China Sea,” the report said.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. South China Sea: the dispute that could start a military conflictDuring a recent military exercise on an island reef in the Paracel Islands, part of the drill included using English when engaging with “enemy” troops. One soldier was heard in the broadcast to say in English: “You are surrounded. Surrender.”Liu Chuanming, a Chinese commander of a marine police district in the Paracels, said the deployment was at the forefront of China’s military defences in the South China Sea. “We must ensure that our intentions can be accurately conveyed, thus we need to improve our level of English.”The PLA has expelled a number of foreign ships from the South China Sea in the past year. Most recently, a Chinese warship used English to warn off a foreign merchant ship in the area during a PLA combat readiness cruise mission, with the message: “I am warning you again. Leave immediately or we will take further actions.”In December 2020, the PLA deployed naval and aerial forces when destroyer USS John S. McCain approached the Spratly Islands in what the US described as a “freedom of navigation” exercise. A similar incident occurred in August 2020, when the USS Mustin entered China’s claimed territorial waters off the Paracel Islands.Other 2020 encounters include the littoral combat ship USS Montgomery near the Spratly Islands in late January, the destroyer USS McCampbell near the Paracel Islands in March, and the destroyer USS Barry, also near the Paracels in April.The use of English by Chinese forces is not unknown. In October 2018, the destroyer Lanzhou was tracking and monitoring the Kaga, a Japanese helicopter destroyer which was refuelling from an American supply ship in the South China Sea.After the Chinese ship greeted its Japanese counterpart in English by radio, the Kaga is reported to have replied, “Chinese warship 170, Chinese warship 170, this is Japanese warship 184. Over.”The Lanzhou responded with: “Japan Maritime Self-Defence Force 184. This is Chinese warship 170. Good morning. Nice to meet you. Over.”More from South China Morning Post: * ‘South China Sea strategic benefit’ if Beijing builds tunnel to holiday island Hainan * South China Sea: why did the PLA land its massive Y-20 warplane on Fiery Cross Reef? * China-US tensions keep PLA sailors at sea for an extra four months in 2020This article PLA troops in South China Sea learn ‘essential’ battlefield English first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move.
President Donald Trump began his final full day in the White House Tuesday with a long list of possible pardons to dish out before snubbing his successor Joe Biden's inauguration and leaving for Florida.
Pierre-Emerick Aubameyang returned to scoring form with a double as Arsenal's rise up the Premier League table continued with a comfortable 3-0 win over Newcastle on Monday.
Billionaire Samsung scion Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a half-year sentence for his involvement in a 2016 corruption scandal that spurred massive protests and ousted South Korea’s then-president. In a much-anticipated retrial, the Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and her close confidante to win government support for a 2015 merger between two Samsung affiliates. Injae Lee, an attorney who leads Lee Jae-yong’s defense team, expressed regret over the court’s decision, saying that the “essence of the case is that a former president abused power to infringe upon the freedom and property rights of a private company.”
Malaysian YouTuber ‘heartbroken’ by criticism after deleting video with China critic Mike Chen. This article, Uncle Roger says he makes ‘zero dollar’ from Chinese social media, originally appeared on Coconuts, Asia's leading alternative media company.
We give you the lowdown on how fixed deposits work, and round up the best fixed deposit offers in the market right now. Imagine if you could stash away all the money you received as gifts throughout the year, forget about it for a while, […] The post Best Fixed Deposits To Lock In Your Savings In Singapore (2021) appeared first on SingSaver Blog - We Compare, You Save.
Self-exiled former opposition lawmaker Ted Hui Chi-fung on Sunday dismissed as “irresponsible” an explanation by the boss of HSBC that the bank had “no choice” but to freeze accounts belonging to him and his family at the behest of Hong Kong police.Hui said he received a personal email from HSBC chief executive Noel Quinn last week explaining why the bank froze their credit cards and savings accounts soon after he absconded in December.Hui, who posted a picture of part of the letter on his Facebook page, quoted Quinn as writing that it was wrong for bank staff to say the credit cards were cancelled as a commercial decision as HSBC had only frozen them – an explanation the ex-Democratic Party lawmaker rejected.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.Quinn added the bank was legally obliged to take action after being notified by police.“I can hardly accept the nearly laughable U-turn explanation given by HSBC regarding my credit cards, from ‘a commercial decision to cancel’ to ‘frozen only’ after enormous public criticisms,” Hui said. “This is not so much a mistake made by a frontline staff member … The international bank has put its customer service on the pillar of shame in its political toadyism.”HSBC said it had no comment on the issue.Hui left the city while out on bail awaiting trial on charges tied to the 2019 anti-government protests and his actions in the legislature.He flew to Denmark in late November with the court’s permission, ostensibly to attend climate change meetings, only to announce he had decided to enter self-imposed exile in Britain.Shortly after his arrival there, he said his bank accounts and those of his family members – at HSBC, Hang Seng Bank and Bank of China – had been frozen. Police freeze bank accounts of fugitive ex-lawmaker Ted Hui’s familyHe later managed to transfer the savings after his family accounts were unfrozen and his personal accounts partially released.On Sunday, Hui rejected the “irresponsible” explanation from Quinn, whom he quoted as saying HSBC was “not able to operate” his bank and credit card accounts and “had no choice” as it was legally obliged to take action following the police notification.Hui accused the bank of failing to provide the legal basis for freezing his and his family’s accounts and to explain why they were “collectively punished”.Citing the Organised and Serious Crime Ordinance, Hui said freezing accounts always started with a bank finding suspicious transactions. He accused HSBC of failing to follow professional due procedures as he had never received any questions from the bank regarding any transactions in his accounts. Ted Hui accuses HSBC of ‘embezzling’ his money by freezing his credit cardsHe also called on politicians in Britain and other countries to weigh in and raise the issue formally for parliamentary discussion and for foreign governments to impose sanctions on the bank.Last month, Secretary for Security John Lee Ka-chiu defended police’s move to freeze the bank accounts, which the force alleged were connected to a money-laundering case involving an “absconded Hongkonger” accused of misappropriating money from a crowdfunding campaign.Hui had earlier insisted all the money he raised online for a planned private prosecution of police officers had been saved in his law firm’s bank account.More from South China Morning Post: * Democratic Party lawmaker Ted Hui ordered to do 240 hours of community service and fined over phone-snatch incident in Hong Kong legislature * Former Hong Kong lawmaker Ted Hui denies being in Denmark to seek political asylum, after he flew to country for meetings on climate changeThis article Self-exiled former Hong Kong lawmaker Ted Hui rejects HSBC explanation it had no choice but to freeze accounts of him and his family first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission, helped launch the consumer agency after the 2008-09 financial crisis and served as deputy director, where he sounded the alarm about skyrocketing levels of student loan debt. Biden announced the move Monday, along with his intent to nominate Gary Gensler, a former chairman of the Commodity Futures Trading Commission, as the next chair of the Securities and Exchange Commission.
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A 67-year-old former statutory board director was on Monday (18 January) jailed for six weeks for molesting a subordinate.
CapitaSpring, a 51-floor integrated development with JPMorgan Chase & Co. as an anchor tenant, has only managed to secure about 38% out of 647,000 square feet of net lettable area. That’s low considering it’s 75% completed.
The world is on the brink of a "catastrophic moral failure" if rich countries hog Covid-19 vaccine doses while the poorest suffer, the head of the WHO said Monday.
Joe Biden's goal of seeing 100 million doses of coronavirus vaccine injected within his first 100 days in office is "absolutely" achievable, top US scientist Anthony Fauci said Sunday, days before he is to become the new president's chief advisor on Covid-19.
Find out which air miles credit cards in Singapore give free access to Priority Pass and Plaza Premium airport lounges around the world. Many people think that access to airport lounges is a privilege reserved for regular business travellers, frequent flyers and the wealthy. That is not true! With […] The post 6 Credit Cards Which Give Free Access to Airport Lounges appeared first on SingSaver Blog - We Compare, You Save.
Trucks owned by U.K. shellfish firms descended on Britain's Parliament Monday to protest the Brexit-related red tape they claim is suffocating their businesses. More than a dozen large lorries — one bearing the words “Brexit carnage!” — drove past the Houses of Parliament in central London and parked outside Downing St., home to British Prime Minister Boris Johnson. British fishing communities were among the strongest supporters of leaving the European Union, because it promised the chance for the U.K. to leave the bloc’s complex system of fishing quotas and regain control over who is allowed to fish in British waters.