Wang Dehai, the last of ten foreigners to plead guilty in Singapore’s significant money laundering case, has been deported to the UK after serving approximately 11 months of his 16-month sentence. He was deported on July 6 and is now barred from returning to Singapore. This marks the conclusion of deportations related to the case, where over S$3 billion in assets were seized following islandwide raids conducted in August 2023.

20/10/2024
WORLD
Low Risk of Transboundary Haze in 2024 with Milder Dry Season
The Return of La Nina Offers Hope for Improved Air Quality

A recent report from the Singapore Institute of International Affairs indicates a low risk of transboundary haze affecting Singapore and the region in 2024, attributed to expected wetter weather conditions. The return of the La Nina climate phenomenon is anticipated to result in average rainfall during key fire risk months. This potential improvement in air quality is encouraging, particularly following previous severe haze episodes.

20/10/2024
MONEY
Record CPF Interest Payout of S$21 Billion: Understanding the Funding Mechanism
An Insight into How Singapore’s Central Provident Fund Generates Returns

In 2023, Singapore’s Central Provident Fund (CPF) achieved a milestone by paying out a record S$21 billion in interest to its members. This substantial payout contributed to a collective growth of CPF members’ balances, which reached S$571 billion, reflecting a 4.8% increase. The CPF Board generates returns by investing funds in Special Singapore Government Securities (SSGS), effectively managing risks associated with interest rates.