WASHINGTON A Singapore citizen pleaded guilty on Thursday to a federal charge stemming from his role in illegally exporting, through Iran, parts found in improvised explosive devices in Iraq, the U.S. Justice Department said. Lim Yong Nam, also known as Steven Lim, 42, was extradited from Indonesia earlier this year. He is scheduled to be sentenced on March 9 in Washington, and the parties have agreed that […]
The Australian Minister for Communications Mitch Fifield has called on the Australian Competition and Consumer Commission (ACCC) to only declare domestic mobile roaming if there is an overwhelming case for it, and not simply as a result of a “balance of probabilities”. “I am concerned that there is a real risk that any declaration will lead to an erosion of long-term benefits for all consumers including those […]
The Australian Competition and Consumer Commission (ACCC) has advised the Minister for Communications Mitch Fifield that an allocation limit be placed on the upcoming April auction of remaining 700MHz spectrum. In advice released by the Department of Communications on Wednesday, the ACCC recommended the minister limit each mobile carrier to no more than two 20MHz spectrum blocks in the 700MHz band. “Given Telstra currently holds over 50 […]
Dec 12, 2016 10:08 am IST As more airlines roll out in-flight internet and regulators loosen rules governing wireless devices on planes, one country is a holdout in continuing to prohibit passengers from using Wi-Fi on board: India. Home to the fastest-growing major air-travel market and a galloping economy, India hasn’t consented to the use of onboard Wi-Fi in its airspace due to security concerns. Carriers including […]
TechnologyOne, an enterprise software company listed among the ASX 200, has claimed the Australian Taxation Office’s (ATO) corporate tax transparency report, which states the company has paid less than 30 percent tax in the 2014-15 financial year, is “both confusing and misleading”. The company’s executive chairman Adrian Di Marco said TechnologyOne’s effective tax rate would have been 30 percent had the government research and development (R&D) tax […]
In Australia, over 137,390 animals once called pets are received annually by the RSPCA [PDF] alone, with rescue homes and animal shelters receiving surrendered animals faster than they can re-home those already in care. With few options other than euthanasia for those animals unable to be placed, self-taught coder John Bishop decided he needed to do something and launched Pet Rescue in 2003, an online service connecting […]
NEW DELHI—Early last month, Prime Minister Narendra Modi summoned his cabinet to a room in India’s capital, told them to leave their cellphones outside and delivered a shocker: He was about to go on national television to declare that almost 90% of the country’s paper money would no longer be legal tender. The move, prepared in secret by Mr. Modi and his advisers, kicked off a radical […]
The NSW Department of Industry’s Division of Resources and Energy (DRE) has tasked Singapore-based data startup Latize with helping it transform mining safety and incident analysis processes using data intelligence. While the value of the contract has not been disclosed, Latize said DRE is the first local government client it has acquired since opening up an office in Sydney in June. The deal comes at a time […]
For the 2014-15 financial year, Apple, Samsung, Microsoft, and Google all upped the amount of tax they paid in Australia over the year prior. According to the Australian Taxation Office (ATO) 2014-15 Corporate Tax Transparency report, with revenue in the region totalling AU$8.3 billion, Apple coughed up AU$146 million in tax — AU$72 million more than the iPhone maker did in 2013-14. Similarly, Samsung, with 2014-15 revenue […]
By Christopher Johnson | LONDON LONDON Oil prices steadied around $50 a barrel on Thursday, close to the week’s lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53.25 a barrel by 0940 GMT. U.S. light crude was up 20 cents at $49.97 a barrel. Both benchmarks […]
The UK’s National Grid has agreed to sell a 61 per cent stake in its gas distribution network to a consortium of global investors, a deal that will plug the 11m homes the network serves into investors such as China’s sovereign wealth fund and Australian investment bank Macquarie. The terms of the transaction imply an enterprise value for the division of around £13.8bn including debt. The investment […]
The Singapore Exchange was hit by its second disruption this year with the start of trading in some derivatives contracts delayed by over two hours on Thursday morning. It is the latest in a series of technical failures that have become an increasing source of embarrassment in one of Asia’s main financial centres. Most recently, SGX in July halted trading on its securities market for five hours […]
SINGAPORE An earthquake of magnitude 6.1 hit China’s far western region of Xinjiang on Thursday, the U. S. Geological Survey said. There were no immediate reports of damage or casualties from the quake, which struck 51 km (32 miles) south of the city of Shihezi, at a depth of 55 km (35 miles). (Reporting by Clarence Fernandez; Editing by Robert Birsel) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = […]
Data should be given “personalities”, with different characteristics, so businesses can better analyse the information and extract actionable insights. Many organisations today were struggling to understand the data available because there was so much information to go through and analyse, said Julie Rodriguez, creative director at Sapient Global Markets. Speaking at the Strata+Hadoop World conference in Singapore this week, Rodriguez pointed to the concept of “data personality” […]
General assembly meetings of FGB and NBAD held on December 7th Combined bank has total assets of approximately AED655 billion (US$178 billion), representing a 27% market share of UAE banking sector[1] Shareholders approve combined bank’s board of directors from effective merger date Effective date of merger towards the end of Q1 2017 as initially planned. Abu Dhabi, 7 December 2016 Shareholders in First Gulf Bank PJSC (FGB) […]
By Dominique Patton and Steve Holland | BEIJING/NEW YORK BEIJING/NEW YORK President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, choosing a longstanding friend of Beijing after rattling the world’s second largest economy with tough talk on trade and a telephone call with the leader of Taiwan. The appointment may help to ease trade tensions between the two countries, the […]
Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New York, Tokyo, Copenhagen, and Rio de Janeiro The UAE is first WTO member from the Arab region to ratify the new Trade Facilitation Agreement (TFA) in April 2016 07 December 2016Dubai aims to become the seventh leading maritime capital of the world by 2020 ahead of London, New […]
As its ADSL business is replaced by the NBN and the cost of offering services to consumers moves from AU$15 to AU$40, thanks to the NBN’s connectivity virtual circuit charge, Australian telco TPG will look to increase its number of on-net users to make up the margin shortfall. Speaking at its annual general meeting on Wednesday, TPG chief financial officer Stephen Banfield said the company had a […]
06 December 2016 Saxo Bank, the online multi-asset trading and investment specialist, today announces that it is launching a combination order ticket for all clients trading contract options. The combination order ticket will enable clients to deploy multi-legged option strategies by simultaneously placing orders to buy and/or sell different options from the same order ticket. Georgio Stoev, Futures and Listed Options Product Manager, said: “Instead of trading […]
The inaugural event will serve as a platform for industry wide knowledge exchange and discussions around legacy creation 06 December 2016 Dubai, United Arab Emirates: Dubai Business Events in collaboration with the BestCities Global Alliance and the Professional Convention Management Association (PCMA), inaugurated the first ever BestCities Global Forum yesterday. Dubai is proud to host the first event of its kind organised by the global alliance, set […]
SINGAPORE: As Prime Minister of New Zealand, John Key has helped transform the country into a “resilient and vibrant economy”, said Singapore Prime Minister Lee Hsien Loong, expressing surprise at Mr Key’s resignation announcement on Monday morning (Dec 5). “As PM, Mr Key and his team dealt with some major challenges, including the global financial crisis and the 2011 Christchurch earthquake,” PM Lee wrote in a Facebook […]
By Nichola Saminather and Wayne Cole | SINGAPORE/SYDNEY SINGAPORE/SYDNEY The euro was under the gun on Monday, skidding to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilise the country’s shaky banking system. The single currency, which slumped to as low as $1.0505 EUR= in early Asian trade after opening at around $1.0685, […]
Jakarta – Rescuers have recovered a body from the waters off Pulau Lingga, in the Riau Islands, near the crash site of a police transport aircraft that went down on Saturday (Dec 3) morning, said local police. Riau Islands police spokesman S. Erlangga, said in a statement issued at 11pm on Saturday local time, that the body was found by Basarnas, Indonesia’s national research and rescue agency, […]
SIMI VALLEY, Calif. The United States should focus on larger strategic interests in the Asia-Pacific region, including expanding trade ties, the defense minister of Singapore said on Saturday, when asked about the controversy sparked by U.S. President-elect Donald Trump’s phone call with the president of Taiwan. Ng Eng Hen said it was not Singapore’s place to comment on Trump’s phone calls, but welcomed comments by his aides […]
