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Does Singapore's 'Merlion' Still Mean Much?

Does Singapore's 'Merlion' Still Mean Much?
frieze.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from frieze.com Daily Mail and Mail on Sunday newspapers.

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Singapore Police Probe 2 Firms in Alleged Metal Trade Fraud

Singapore Police Probe 2 Firms in Alleged Metal Trade Fraud
Bloomberg
2/20/2021
Chanyaporn Chanjaroen
© Bloomberg
The Merlion Statue stands in a near-empty Merlion Park during the circuit breaker lockdown in Singapore, on Wednesday, May 20, 2020. Singapore will allow more businesses to reopen on June 2 increasing the active proportion of the economy to three-quarters after a nationwide lockdown cut transmission of the coronavirus among citizens and permanent residents.
(Bloomberg) Singapore’s Commercial Affairs Department, a police unit for financial crime, is investigating two companies for alleged fraud related to a nickel investment scheme.
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Envy Asset Management Pte. and Envy Global Trading Pte. are suspected of using investors’ funds to finance trading activities in the metal, the police said in a news release dated Friday. A 34-year-old director of both companies was arrested, according to th ....

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Singapore Sees Steady Growth Rebound as More Stimulus Expected

Singapore Sees Steady 2021 Rebound as More Stimulus Expected
Bloomberg
2/15/2021
Michelle Jamrisko
(Bloomberg) Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signaling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support.
The Ministry of Trade & Industry on Monday maintained its projection for growth in a range of 4% to 6% for 2021, seeing a faster rollout of the vaccine in advanced economies while the U.S. and Europe could achieve population immunity in the second half of the year. Those gains could be offset by a bleaker regional outlook with the resurgence of the virus in some countries. ....

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Singapore to Give Financial Aid to People Affected by Vaccine

Singapore to Give Financial Aid to People Affected by Vaccine
Bloomberg
1/29/2021
Ameya Karve
© Bloomberg
A needle in a vial of the Covid-19 vaccine, produced by Pfizer Inc. and BioNTech SE, at the Cent Quatre cultural center in Paris, France, on Thursday, Jan. 28, 2021. The European Union remains at loggerheads with AstraZeneca Plc after the Anglo-Swedish drugmaker rejected demands that it take Covid-19 vaccine supplies from its U.K. factories to increase doses going to the bloc.
(Bloomberg) Singapore will grant financial assistance to people who suffer serious side effects related to the Covid-19 vaccine in a bid to boost confidence among those being inoculated. ....

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Singapore's Fallen Hyflux Now Has Just S$21.5 Million in Cash

Singapore’s Fallen Hyflux Now Has Just $16 Million in Cash
Bloomberg
12/29/2020
Ameya Karve
© Bloomberg
The Merlion Statue stands in a near-empty Merlion Park during the circuit breaker lockdown in Singapore, on Wednesday, May 20, 2020. Singapore will allow more businesses to reopen on June 2 increasing the active proportion of the economy to three-quarters after a nationwide lockdown cut transmission of the coronavirus among citizens and permanent residents.
(Bloomberg) Singaporean company Hyflux Ltd., which was put under judicial management last month, now has only about S$21.5 million ($16.2 million) in cash, according to a person familiar with the matter.
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