Lawless Wong on why he has a hard-on for giving Sinkies CDC vouchers instead of cash

[Hmv]

https://urlr.me/DNYQFT

 

[Scrooball (clone)]

More like push more money directly into FairPrice.

 

[k1976]

US-China Decoupling Fears Drive Slide in Chinese Tech Shares​

• Hang Seng Tech Index pares earlier drop on mainland buying
• Investors digest a flurry of headlines on Trump’s orders

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WATCH: Capital Group’s Andy Budden says there will be market volatility due to geopolitics, which could “take the wind out of the sails of China and Hong Kong.”Source: Bloomberg
By Bloomberg News
25 February 2025 at 9:49 AM SGT
Updated on
25 February 2025 at 4:58 PM SGT
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President Donald Trump’s move to further decouple economic ties between the US and China rattled global investors, who had bet on a sustained rebound in Chinese stocks.

The Hang Seng Tech Index slid 1.6% on Tuesday, taking its two-day loss to nearly 3%. The Nasdaq Golden Dragon China Index slumped 5.2% on Monday following the US leader’s sweeping directive to limit investments between the world’s two largest economies.

 

[k1976]

Trump Team Seeks to Toughen Biden’s Chip Controls Over China​

• US, Dutch, Japanese officials met about chip gear maintenance
• Trump team eyeing more Nvidia curbs, Chinese company sanctions

By Mackenzie Hawkins, Cagan Koc, and Jenny Leonard
25 February 2025 at 10:23 AM SGT
Updated on
25 February 2025 at 9:12 PM SGT
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Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing’s technological prowess.

Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd. and ASML Holding NV engineers from maintaining semiconductor gear in China, according to people familiar with the matter. The aim, which was also a priority for Biden, is to see key allies match China curbs the US has placed on American chip-gear companies, including Lam Research Corp., KLA Corp. and Applied Materials Inc.

 

[k1976]

US-China Decoupling Fears Drive Slide in Chinese Tech Shares​

• Hang Seng Tech Index pares earlier drop on mainland buying
• Investors digest a flurry of headlines on Trump’s orders

Play Video

Unmute




WATCH: Capital Group’s Andy Budden says there will be market volatility due to geopolitics, which could “take the wind out of the sails of China and Hong Kong.”Source: Bloomberg
By Bloomberg News
25 February 2025 at 9:49 AM SGT
Updated on
25 February 2025 at 4:58 PM SGT
Save
Translate

President Donald Trump’s move to further decouple economic ties between the US and China rattled global investors, who had bet on a sustained rebound in Chinese stocks.

The Hang Seng Tech Index slid 1.6% on Tuesday, taking its two-day loss to nearly 3%. The Nasdaq Golden Dragon China Index slumped 5.2% on Monday following the US leader’s sweeping directive to limit investments between the world’s two largest economies.

 

[k1976]

China Raises Scrutiny of Outflows Via Hong Kong Listings, Foreign Deals​

• Companies need to explain how funds will be deployed overseas
• Measures may support Chinese yuan amid US tariff threats

By Bloomberg News
25 February 2025 at 4:27 PM SGT
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China is increasing scrutiny of outbound investments by domestic companies as well as their use of proceeds from Hong Kong share sales, people familiar with the matter said, after record capital outflows put pressure on the yuan.

Authorities have recently informed China-incorporated firms seeking initial public offerings or second share sales in Hong Kong to get a “no objection” indication from the State Administration of Foreign Exchange if they want to deploy the proceeds overseas, the people said, asking not to be identified discussing private information. Firms that can’t secure such an indication have been told to repatriate their proceeds to mainland China, the people said.

 

[Truthspeak]

Giving vouchers is an indication how much the people are willing to accept other alternatives than cash. Once everyone are acceptable to digital vouchers at 100%, they will know it is time to roll out the next replacement over cold hard cash

 

[k1976]

Hong Kong Banks Are Taking the Fight to Crypto Bros​

StanChart wants to issue a licensed stablecoin, mimicking the city’s currency. US lenders will pay close attention.
25 February 2025 at 4:00 AM SGT
By Andy Mukherjee
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

Stablecoins are able to get gentrified.
Photographer: Lam Yik/Bloomberg
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Standard Chartered Plc’s plan to offer a Hong Kong dollar digital clone is the strongest signal yet that stablecoins are about to get gentrified.

These tokens, which convert 1:1 into dollar, euro or other fiat currencies, have emerged as a haven for gangsters, drug traffickers and sanctions evaders to move illicit funds over public blockchains. Entry of regulated financial institutions will hopefully chase away the unseemly squatters.
Before it’s here, it’s on the Bloomberg Terminal

 

[birdie69]

More like push more money directly into FairPrice.

Also retard sinkies cannot use the voucher to go JB buy cheaper grocery than FairPrice

 

[congo9]

T

Also retard sinkies cannot use the voucher to go JB buy cheaper grocery than FairPrice

that's the point.
Pap give money so that Johor govt or batam govt can benefit ?

 

[myfoot123]

T

that's the point.
Pap give money so that Johor govt or batam govt can benefit ?

LHL said Sinkies must not have nativist mindset. Why not give cash so we can spend wherever we wanted?

 

[congo9]

LHL said Sinkies must not have nativist mindset. Why cannot take cash and spend in Jiu Hu?

Lawrence Wong is going against the grain of LHL Teachings and commandments

 

[myfoot123]

Lawrence Wong is going against the grain of LHL Teachings and commandments

You over estimated Lawrence. The entire budget is crafted and approved by LEEGIME, LW is just the delivery boy put on grandstanding.

 

[k1976]

Free like a Singaporean: 50% of city professionals work no more than 3 days in office per week​

Michael Petraeus
23 mins ago

Disclaimer: Unless otherwise stated any opinions expressed below belong solely to the author.

While many companies in America are pushing for full return to office of all of their employees for five days a week, including tech giants like Amazon, with Elon Musk recently extending his demands to all federal employees currently evaluated by his Department of Government Efficiency (DOGE), Singapore seems to be bucking the trend.

Not only did the official Tripartite Guidelines for Flexible Work Arrangements (FWA) take effect in December—a product of consultation between the government, unions and employers—but the companies themselves have embraced the hybrid work model following the pandemic.

Thanks to a survey included in Hays’ 2025 Asia Salary Guide we now know exactly how common the practice is in Singapore and several other Asian nations.

Free at work​

As it turns out Singaporeans enjoy by far the most freedom of all surveyed nations, followed—surprisingly perhaps—by Japan, where nearly a fifth of professionals are permitted fully remote work (although nearly 40% are still expected to show up at the office five days a week).

In Singapore the traditional full-time arrangement applies only to a third of white-collar workers:

Image Credit: Hays
Full 66%, or two thirds, of Singaporeans are already given at least one day to work from home and for 50% that is two or more.

By comparison, 62% of mainland Chinese are expected to work as usual and even in the more liberal Hong Kong it is still a requirement for over 50% of the workforce.

Even in neighbouring Malaysia, usually considered more relaxed and less disciplined than Singapore, close to half of the workers are expected to turn up daily.

Is hybrid work here to stay?​

For the time being it certainly is but employers will look closely at how companies like Amazon, Tesla or JP Morgan—which have been most vocal about full-time return to office policies—function compared to their more flexible counterparts.

CEOs opposing remote work do have a point saying that it impedes collaboration and may lead to breakdowns in teamwork, as people who fundamentally have to cooperate as a group don’t see each other often enough, don’t build relationships, and don’t communicate effectively.

This is especially true for work on complex projects where many people are involved.