Singapore’s poor lose out to foreign wealth
Singapore's lower-class citizens are losing out to foreign workers as the affluent move in. Many wealthy individuals come to invest in property and park their assets, attracted by Singapore's low taxation rate of 20 percent. The influx of money is making Singapore one of the richest cities in the world. But the low tax rate...
Canada ‘scammed’ by Indian IT worker industry
Claims include faked resumes, visa violations and discrimination against Canadians (29 Apr) - Several information technology industry insiders have come forward to expose some of the inner workings of multinational outsourcing companies from India, which they claim exploit Canada's temporary work visa system and bring no real...
HK’s household debt rises to record 61% of GDP!
Hong Kong (3 May) - Hong Kong’s economy is at risk of overheating after household debt rose to a record 61 percent of gross domestic product, said Norman Chan, chief executive of the Hong Kong Monetary Authority. “Hong Kong’s consumption and personal-debt growth have consistently outpaced overall economic growth,” Chan...
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- Itik , ayam dan burong on Strong hailstorm strikes China’s Xi’an causing airport roof leaks, hundreds of cars destroyed
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