After Singapore Shakeup, Here Are Possible Successors to Lee
Bloomberg 4 hrs ago Philip J. Heijmans and Faris Mokhtar
(Bloomberg) With the successor to Singapore Prime Minister Lee Hsien Loong now out of the picture, the race to become the country’s next leader is suddenly wide open.
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Lee on Thursday signaled the process could take several years, and the party aimed to have a successor in place by the next election due in 2025. The city-state has only had three prime ministers since independence, with one party ruling since 1965. Lee, 69, and his late father, Lee Kuan Yew, have run the country for all but nearly 14 years.
Cruises to Nowhere Extended as Singaporeans Seek to Go Anywhere msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Singapore Property Dynasty’s China Deal Is a Cautionary Tale
Bloomberg 3/15/2021 Bloomberg News
(Bloomberg) When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has instead become a cautionary tale for firms looking to invest in Chinese developers.
In a case of a dream turning into a burden, City Developments Ltd. last month revealed a S$1.78 billion ($1.3 billion) writedown on Chongqing-based Sincere Property Group that led the Singapore firm to suffer a record annual loss.
The impairment constituted almost all of CDL’s S$1.9 billion investment in Sincere, which more than doubled from its initial outlay as its partner’s finances deteriorated. Now CDL has had enough, saying it will no longer inject funds until the Chinese company returns to health. Cash-strapped Sincere has dragged their rift into the open af
Singapore s Richest Family Clashes Over China Investments at a Critical Time bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Super-Spreader Cruises May Give Biden an Early Covid-19 Test Bloomberg 12/12/2020
(Bloomberg)
The Norwegian cruise line Hurtigruten Group was ready to show the world that ships could be made safe from Covid-19. It outfitted its newest vessel, the MS Roald Amundsen, with a suite of prevention measures for cruises among the glaciers, fjords and polar bear breeding grounds of Svalbard Island, far above the Arctic Circle.
And yet sometime after the Amundsen left Tromso, a port in northern Norway flanked by snow-capped mountains, on July 17, the virus found its way on board. Eventually, 71 passengers and crew members from two back-to-back cruises to Svalbard were diagnosed with the novel coronavirus, outbreaks that were traced back to the ship. The Amundsen, named for the Norwegian man who became the first explorer to reach the South Pole, had become one of the worst Covid super-spreader events to strike Norway, according to a tabulation compiled by researchers at the London Sch