Taiwan freezes hiring of Philippine workers over shooting
Taiwan President (15 May) - Taiwan's President Ma Ying-jeou Wednesday froze the hiring of Philippine workers to express "strong dissatisfaction" over Manila's handling of the killing of a Taiwanese fisherman, his spokeswoman said. The 65-year-old fisherman was shot dead by Filipino coastguards last week after they said his boat...
SG to Agree With U.S. on Sharing Bank Account Data
Singapore (14 May) - Singapore is set to conclude an agreement with the U.S. that will help financial institutions based in the city-state comply with a tax rule requiring them to share information about overseas accounts held by Americans. The island’s tax authority will also no longer need a court order to obtain bank and...
Chinese are pouring money into ‘super cities’ including SG
The top five "super cities" experiencing an explosion of Chinese commercial real estate investment are, clockwise from top left, New York, Hong Kong, London, Singapore and Sydney. (CNBC, 8 May) - Chinese investors can't seem to get enough of commercial real estate abroad - having already spent $1 billion in the first...
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