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CNN —A Singaporean man has been ordered to repay more than 38 million Australian dollars ($25.7 million) after he lost big during a gambling spree at an Australian casino over the span of a few days. Queensland’s Supreme Court ruled Monday that Yew Choy Wong owed that amount to the Star Gold Coast, as well as the casino’s legal fees and interest. He had racked up losses of 47.3 million Australian dollars ($31.5 million) there between July 26 and August 2, 2018. Star Entertainment, which owns the Gold Coast casino, declined to comment on the case. The casino also paid Wong hundreds of thousands of dollars in goodwill payments following his complaints, the ruling said.
Persons: CNN —, Yew Choy Wong, Wong, Paul Arbuckle, Arbuckle, ” Wong, Melanie Hindman, , Dr Wong, Organizations: CNN, Queensland’s, Star, Star Sydney, Star Entertainment, Gold Coast Locations: Star Gold, Singapore, Queensland
During my three-day visit in August, I stayed at a tiny home by Tiny Away for one night. AdvertisementLaunched by a Singaporean tiny home startup called Big Tiny in May 2023, Tiny Away features five tiny houses that measure around 139 square feet each — or slightly smaller than an average parking space. Tiny Away is currently the only option for those who want to try tiny house living without going abroad. For one, there's a glamping resort on Lazarus Island that offers stays for a similar price to Tiny Away. But Tiny Away strikes me as ideal for guests looking for some solitude or a chance to experience the city-state minus all the high rises.
Persons: , I'd, Tiny, Adrian Chia, Big Tiny, Erin Liam, Chia, cocker, Lazarus, Prudence Lai Organizations: Service, Business Locations: Singapore, New York City, Lazarus, Southern, Sentosa, Singapore's
The official inquiry into Alice Guo, disgraced former mayor of a small town not far from the capital Manila, has been compulsive viewing for Filipinos since it began in May. But who exactly is Alice Guo? The Bureau of Immigration (BI) says Indonesian authorities have informed them that former Mayor Alice Guo has been arrested in the country on September 4, 2024. Guo shows her chicken farm in Bamban, Tarlac province, in the Philippines in a YouTube video posted on April 20, 2022. The real concern about Guo arose from her alleged ties with business associates from China currently in prison.
Persons: Alice Guo, Guo, , Ferdinand Marcos Jr, lawbreakers, , Alice L, David Buenaventura, Ditjen, she’s, Alice Leal Guo, scammers, Senator Risa Hontiveros, Marcos Jr, ” Marcos, Guo Hua Ping, hasn’t, Zhang Ruijin, Lin Baoying, Zhang, Lin, AMLC, Shiela, Cassandra Li Ong Organizations: CNN, absconding, Ang Law, Immigration, Philippine Bureau, YouTube, Philippine Offshore Gaming, Philippine News Agency, Philippine senate, Facebook, National Bureau of Investigation, Money, Yuan Technology Inc, Hongshen Gaming Technology Inc, QJJ, Inc Locations: Philippines, Manila, China, South China, Southeast Asia, Indonesia, Bamban, Tarlac province, Malaysia, Vietnam, Philippine, what’s, POGOs, Beijing, Singapore
Indian Prime Minister Narendra Modi during the launch of BJP membership campaign on Sept. 2, 2024 in New Delhi, India. Modi will also be meeting Singapore President Tharman Shanmugaratnam, Senior Minister and former Prime Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong during his two-day visit. Dean Kassim | Afp | Getty ImagesEarlier this week, the Indian prime minister made his inaugural trip to Brunei where he met Sultan Hassanal Bolkiah. Modi is India's first prime minister that has made a bilateral visit to the oil-rich country. The Indian prime minister had also visited Italy for the G7 summit, Russia, Ukraine and Poland in the last three months since his reelection.
Persons: Narendra Modi, Lawrence Wong, Modi, Tharman Shanmugaratnam, Lee Hsien Loong, Goh Chok Tong, Anit Mukherjee, Mukherjee, Dean Kassim, Sultan Hassanal Bolkiah, Omar Ali Saifuddien, Nirmala Sitharaman, Jaishankar, Wong, Vivian Balakrishnan, Balakrishnan Organizations: Indian, Hindustan Times, Getty, Singapore, Senior, King's College London, CNBC, Imports, Brunei International, Afp, High Commission of, Institute of South Asian Studies, Finance, Foreign Locations: New Delhi, India, Singapore, Asia, Bandar Seri Begawan, Brunei, High Commission of India, Italy, Russia, Ukraine, Poland, Lion City
Shein reveals child labor cases at its suppliers
  + stars: | 2024-08-23 | by ( Story Reuters | ) edition.cnn.com   time to read: +4 min
Fast fashion retailer Shein found two cases of child labor at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. Shein tightened its supplier policy last October after the child labor cases were found, so that any severe breaches — called “Immediate Termination Violations” — would result in ending the relationship with the supplier immediately. Previously, suppliers such as those that employed minors had 30 days to resolve the issue, failing which Shein would cut ties. That violation was found in 1.8% of supplier audits in 2021, 0.3% of audits in 2022, and 0.1% in 2023. “We remain vigilant in guarding against such violations going forward, and in line with current policies, will terminate any noncompliant suppliers,” Shein said in the report.
Persons: Shein, Annabella Ng, , ” Shein, Sky Xu, Jiajia Zou, General Atlantic Cornelia Gomez, Josh Raffaelli, Ng, Organizations: SGS, Tuv, General Atlantic, Brookfield Growth Locations: China, Shein, Singapore, Openview, Tuv Rheinland, QIMA, London, China’s Guangdong, Turkey, Brazil
The World, a luxury liner, has many descriptions, but "cruise ship" is not one of them, said resident Jim Minarik. "The only thing that's similar between the world and a cruise ship is they float on the water," he said. Minarik and his wife bought their apartment in 2020 with plans to spend one to two months a year on the ship. Source: The WorldYet money is not a big topic aboard The World, Minarik said. Wong said that while other companies have tried, The World is still the only ship of its kind.
Persons: Jim Minarik, we're, Minarik, Eddie Wong, Wong, There's, I'd Organizations: CNBC, CNBC Travel Locations: Singapore, Antarctica, French Polynesia, Easter, Amalfi Coast, Australia's Kimberley, Papua New Guinea, Solomon, South America, South Africa, Cape Town, Orange County , California, Africa's, Penola Strait
For many, Singapore — the city that inspired "Crazy Rich Asians" — is synonymous with luxury, with top-tier accommodations, high-end shopping and restaurants. But where to stay, shop and eat in a city that has so many options? CNBC's "First Class" series takes viewers into the city's top hotels and Michelin-starred restaurants, with an insider's look into The Shoppes at Marina Bay Sands, home to an underwater tunnel that connects the main building to a floating Louis Vuitton store. Watch the video above for more details on how to travel in style in Singapore.
Organizations: Michelin, Louis Vuitton Locations: Singapore, Marina Bay Sands
At Portland International Airport (PDX), they’ve spent big money aiming to bring the famed Oregon outdoors indoors. The $2.15 billion renovation has several purposes, according to Allison Ferre, media relations manager with the Port of Portland, which runs PDX. What PDX passengers will seeThe airport is attempting to provide an arboreal atmosphere with big trees and a lots of natural sunlight streaming into the overhauled terminal. Ema PeterOne of the first things passengers might notice will be 72 large trees, including black walnut, ficus and olive varieties, disbursed throughout the terminal, Port of Portland said. “PDX is the first and last impression for many of our visitors and the renovation of the main terminal is certain to make it a positive one,” Travel Portland President and CEO Jeff Miller said.
Persons: it’s, they’ve, Allison Ferre, wasn’t, ” Ferre, Ferre, Peter, of, , Curtis Robinhold, Celeste Noche, , Brenda Meade, PDX, There’s, Jeff Miller Organizations: CNN, Pacific, Portland International, Port, TSA, CNN Travel, Mtn, ” Travel Portland Locations: Oregon, Port of Portland, Pacific Northwest, ” Port, Portland, Changi, Singapore, Port, Washington, of Portland, PDX, Portland’s, Coquille
Medical school was fun but gruelingChoo (right) graduated from medical school in 2021. Faith ChooThe first two years of medical school felt like high school all over again. AdvertisementBack then, our seniors in medical school would warn us about life after graduation. They would tell us about the terrible working hours that came with being on call, like having to work for two days straight without rest. AdvertisementThe thought of leaving first crossed my mind after I clocked 19 consecutive days of work in the hospital.
Persons: , Faith Choo, they've, Choo, they're Organizations: Service, Business Locations: Singapore
Yen slips, markets brace for U.S. inflation data
  + stars: | 2024-08-12 | by ( ) www.cnbc.com   time to read: +3 min
Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve interest rate cuts this year. "It's more a case of market squaring up a little bit ahead of the U.S. inflation data," said Christopher Wong, currency strategist at OCBC Bank in Singapore. The dollar was trading at 146.87 yen , up 0.2% from late U.S. levels on Friday. The Aussie was barely up at $0.6577 on Monday, while the New Zealand dollar stayed below last week's three-week high of $0.6035. Implied volatility on the yen, measured in yen options, has also subsided.
Persons: Bank of Japan's hawkishness, Jackson, Christopher Wong, J.P, Morgan Organizations: Bank of Japan's, Federal Reserve, Nvidia, OCBC Bank, New Zealand, Reserve Bank of New, Bank, Japan, U.S . Commodity Futures Trading Commission Locations: U.S, Singapore, Reserve Bank of New Zealand
Under the new passport-less immigration program, Singapore residents will not need to show their passports to arrive and depart at air and sea checkpoints. Foreign travelers must also enroll their iris, facial and fingerprint biometrics at manual immigration counters, according to Singapore's Immigration & Checkpoints Authority. However, children under six years old cannot use biometric clearance, or automated lanes at all, to clear immigration, according to authorities. By early 2026, Singapore immigration officials expect 95% of travelers will be able to clear immigration via automated lanes. Biometric processing is expected to reduce immigration wait times by 40%, according to immigration officials.
Persons: Sumesh Patel, SITA Organizations: Changi Airport, Seletar, Bay, Centre Locations: Singapore's, Singapore, Asia, Pacific
Besides making his own K-pop music video, Yong starred in the Netflix series "Super Rich in Korea." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The 37-year-old businessman, lawyer, and K-pop enthusiast grabbed headlines when he appeared as a cast member in the Netflix series "Super Rich in Korea."
Persons: David Yong, Yong, Organizations: Netflix, Service, Evergreen Group, The Straits Times, Business Locations: Singapore, Korea
Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank's headquarters in Singapore. The Monetary Authority of Singapore announced that the review group will evaluate measures to "improve the vibrancy" of the Singapore equities market. MAS said on Friday the panel will focus on addressing market challenges, fostering listings, and facilitating market revitalization, as well as enhancing regulations to facilitate market growth and foster investor confidence. It said another key goal will be to identify methods for encouraging private sector participation, including from capital market intermediaries, investors and listed companies. "Improving the attractiveness of Singapore's equities market can therefore enhance Singapore's standing as a vibrant enterprise and financial hub," the MAS said, adding that this will also "[complement] Singapore's innovation and start-up ecosystem, private markets, as well as asset and wealth management sectors."
Organizations: Monetary Authority of Singapore, MAS Locations: Singapore, Singapore's
With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.
Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore
Read previewTikTok parent company ByteDance's headquarters in Singapore were left smelling like vomit after a mass food poisoning incident on Tuesday. ByteDance had hired two food caterers — Yun Hai Yao and Pu Tien Services — to run each of the buffet lines. The Singapore Food Agency suspended one of Yun Hai Yao's branches and Pu Tien's catering kitchen on Wednesday. AdvertisementOver 100 individuals hit with food poisoningThe food left 130 individuals with gastroenteritis symptoms, the Singapore Food Agency and the country's health ministry said in a statement on Wednesday. Representatives for ByteDance, Pu Tien, and Yun Hai Yao didn't immediately respond to requests for comment from Business Insider.
Persons: , Andre, ByteDance, Yun Hai Yao, Pu, Yun, Pu Tien, Yun Hai Yao didn't Organizations: Service, CNA, Business, Pu Tien Services, Singapore Food Agency, Singapore Civil Defence Force, Singaporean, The Straits Times, Bloomberg, Straits Times, Representatives Locations: Singapore
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The company reported adjusted earnings of $7.7 billion in the first quarter of 2024. Shell said it would launch a $3.5 billion share buyback program over the next three months, a similar scheme as in the previous quarter. British rival BP on Tuesday increased its dividend and extended its share repurchasing program on the back of stronger-than-expected earnings.
Persons: LSEG, Shell's, Shell, Wael Sawan, CNBC's, Sawan, Chandra Asri Organizations: Shell, Chandra, BP, Exxon Mobil, Chevron Locations: Radstock, Somerset, England, Singapore, Rotterdam, Netherlands, Swiss, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla's biggest competitor, BYD, just launched a big partnership with Uber. AdvertisementThe partnership also ups BYD's international visibility, as Uber passengers ride in cars they might not have otherwise tried out. AdvertisementThe Uber partnership may also mitigate a European Union tariff on Chinese EV makers. In late June, Volkswagen said it would invest up to $5 billion in US EV maker Rivian, which would develop software for both companies' cars.
Persons: , Uber, Matt Bryson, Bryson, giant's, Dara Khosrowshahi, BYD, Tesla, Tesla's robotaxis Organizations: Service, Business, Xchange Leasing, Lion City Rentals, Tesla, Western, Uber, Volkswagen, Rivian Locations: Europe, America, East, Canada, Australia, New Zealand, Singapore, Russia
Urban Revivo's fits felt way better than Zara'sThe author trying out basics from Zara and Urban Revivo. In contrast, Urban Revivo felt like it had intentionally curated its space with a flow in mind. Aditi BharadeUnlike Zara's bright lights, Urban Revivo was lit more dimly, creating a more relaxed environment. "Urban Revivo has a variety of products, but there is a 'sophomoric' feel to it," Angel said. They also say that it's too early to determine if Urban Revivo will be a true threat to Zara.
Persons: , Urban, Zara —, Aditi Bharade, Revivo, Zara, Urban Revivo, de Matos, Zara doesn't, Marcie Cooperman, Gregory Angel, Parsons, Angel, Cooperman, Braz de Matos, Richard Tang, Tang, gunning Organizations: Service, Business, Zara, Urban, Fish Lab, Parsons School of Design, Flying Fish Lab, Fashion Momentum Locations: Zara, China, Southeast Asia, New York, London, Israel, Gaza, Jewel, Urban, cardigan, Singapore
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024. Anadolu | Anadolu | Getty ImagesThe Middle East is on edge after a dramatic escalation that saw top Hamas leader Ismail Haniyeh killed in a strike in the Iranian capital of Tehran early Wednesday. Coming hours after the killing of Fuad Shukr in Beirut, the Middle East is on an absolute knife-edge now." Iran's leadership meanwhile has said that the alleged Israeli strike is grounds for "severe punishment" and that the country must "pay a heavy price." An all-out war between Israel and Iran — and Iran's proxies such as Hezbollah — would be devastating to all sides involved.
Persons: Ismail Haniyeh, Israel, Charles Lister, Fuad Shukr, Hezbollah's, Haniyeh, Hamas, Torbjorn, Sheikh Mohammed bin Abdulrahman Al Thani, Yahya Sinwar, Sinwar, Victor Tricaud, Tricaud, Antony Blinken, Will, Yoav Gallant, Iran's, Atta Kenare Organizations: Anadolu, Getty, Middle East Institute, Hezbollah, politburo, Verisk, Qatari, Foreign, CNBC, U.S . State Department, Israel, Israeli, Israel Defense Forces, AFP Locations: Istanbul, Turkiye, Tehran, Israel, Washington, Doha, Beirut, Golan, Iranian, Lebanese, Gaza, Iran, Qatar, Singapore, Palestine Square
TikTok-owner ByteDance's office in Singapore was hit by mass food poisoning on Tuesday, affecting 60 people, according to local authorities. In a joint statement sent to CNBC, the Singapore Food Agency and Ministry of Health said they were investigating suspected gastroenteritis cases at the China-based tech giant's office. According to TikTok's website, Singapore is one of its headquarters and ByteDance CEO Shou Zi Chew is a third-generation Singaporean citizen. The U.S. government passed a bill in April that seeks to force the app's Chinese owner to sell it or face a ban. TikTok is now suing the U.S. government to stop enforcement of the bill arguing that it violates the law.
Persons: ByteDance, Shou Zi Chew Organizations: CNBC, Singapore Food Agency, Ministry of Health, The Straits Times, Singapore Civil Defence Force, CNA Locations: U.S, Singapore, China, The U.S
Washington CNN —The White House on Wednesday said reports of the assassination of a Hamas political leader in Iran “don’t help with the temperature going down,” while repeating calls for a ceasefire deal that would see the release of hostages held by Hamas. “These reports over the last 24-48 hours certainly don’t help with the temperature going down. I’m not going to be Pollyannaish about it; we’re obviously concerned about escalation,” White House national security communications adviser John Kirby told reporters during the White House press briefing. In both conversations, according to the State Department, the officials emphasized the need for a ceasefire in Gaza. “It’s too soon to know what impact any of this is going to have on the ceasefire deal,” Kirby said at the briefing.
Persons: I’m, we’re, John Kirby, Kirby, Biden, Antony Blinken, Aaron David Miller, Haniyeh, “ Blinken, ” Miller, , , Blinken, Israel, Mohammed bin Abdulrahman, Thani, “ It’s, ” Kirby, Hezbollah’s, Fu’ad Shukr, Benjamin Netanyahu, Netanyahu, Joe Biden, Netanyahu’s, Ayatollah Ali Khamenei, John Kirby’s, CNN’s Abeer Salman, Jennifer Handler, Niamh Kennedy Organizations: Washington CNN, House, White House, senior State Department, CNN, State Department, Qatari, Haniyeh, Hezbollah, Hamas, United, Zionist Locations: Iran, Tehran, Singapore, Israel, Qatar, Jordan, Gaza, Mohammed bin Abdulrahman Al, Egypt, United States, Golan, Beirut, Washington
(Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty ImagesSelf-driving technology firm WeRide is accelerating its global expansion as the artificial intelligence boom boosts adoption of machine learning in transportation. Things are moving relatively fast because of the development of AI right now," said Sebastian Yee, Singapore director of business development at WeRide. In June, the firm began safety testing for "Robosweepers" in Singapore, following similar rollouts in multiple cities in China. watch now"WeRide is the only company which has [driverless] permits from the U.S., China, UAE and Singapore. Some [companies] just have permits from one or two countries, but we have four countries," said Kerry Xu, Singapore general manager of WeRide.
Persons: WeRide, Jia Tianyong, Sebastian Yee, Kerry Xu, Xu, Yee Organizations: SAE, China News Service, Getty Images, Getty, Logistics, Renault, Nissan, Mitsubishi, GAC Group, Nasdaq, U.S, SEC, Changi Airport Locations: BEIJING, CHINA, Beijing, China, Singapore, WeRide, Silicon Valley, Guangzhou, U.S, UAE, Japan, Europe, Cayman Islands, Southeast Asia
Read previewCelebrity chef Bobby Flay, 59, credits Pilates for helping him with his back. Once cardio is out of the way, he then gets into his Pilates workout. Advertisement"Standing hunched over a cutting board for 35 years, I put a very decent curve in my spine. Pilates has reversed it and made my posture so much better, and it helps me stretch," Flay said. "This should include strength training and cardiovascular exercise alongside Pilates," Lee continued.
Persons: , Bobby Flay, Flay, There's, Hailey Bieber, Myles Garrett —, Martha Stewart, Dawance, Elizabeth Lee, Lee Organizations: Service, Wall, Business, Research, NFL Locations: Singapore
"I think there will be a change in the way a software engineer works, and instead of five software engineers you might need four in future," she said. AdvertisementHe said that people who studied software engineering before the rise of AI tools have a stronger foundation because they have "written code from scratch." AdvertisementAn added that foundational knowledge in "algorithms, data structures, software engineering, and other critical areas" is essential for advancing AI technologies. David Malan, a computer science professor at Harvard, told BI that AI tools could be a plus for aspiring software engineers who know how to leverage them. Tejas Rajagopal, a recent computer science graduate from NTU, said he's been trying to expand his skillset to strengthen his chances of landing a job.
Persons: , Arpita Kaushik, Aditya Swami, Hatcher, Swami, Kaushik, It's, hasn't, Adrian Goh, Goh, Kan Min Yen, Kan, Bo An, David Malan, Malan, he's, Rajagopal Organizations: Service, Google, Business, IBM, Rocket Mortgage, National University of Singapore, Nanyang Technological University, NTU, Harvard, Tejas Locations: Singapore, Hatcher, Asia
AdvertisementDeclining birth rates have been a huge bugbear for Asian countries like Japan and South Korea. Vanessa LeeLee, who owns two dogs and a cat, said that governments may be overestimating the effectiveness of one-off interventions in bolstering birth rates. AdvertisementShe added that a shift in societal mindsets toward work and family needs to occur for her peers to consider having children. But it also doesn't guarantee that having sex brings children and that not having sex is the only reason why people are not having children," Gietel-Basten said. Low birth rates, according to HKUST's Gietel-Basten, are a "barometer of the challenges in society" and should thus be seen as "symptoms of problems in a society."
Persons: , Vanessa Lee, Lee, Elon Musk, Paulin Straughan, Poh Lin Tan, Tan, Jonas Hue, Vanessa Lee Lee, It's, Emily Huang, Stuart Gietel, Basten, SMU's Straughan, Straughan, HKUST's, we're Organizations: Service, Business, Internal, Ministry, Asahi Shimbun, South, Singapore Management University, Singapore's Institute of Policy, Nordic, Hong Kong University of Science, Technology Locations: Singapore, Japan, South Korea, Korea, Tokyo, Seoul, Sweden, Finland, Hong Kong, Basten
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