Top News this Week (14 Apr)


Rounding up top investing articles from around the web, including articles shared on Twitter.

NParks, ICA set trap to nab bird smugglers in one of largest cases in S’pore; 138 of 337 birds died (Straits Times)

As the Malaysian-registered trailer truck arrived at Tuas Checkpoint on March 23, 2023, Immigration and Checkpoints Authority (ICA) officers directed the driver to undergo a routine vehicle inspection.

They discovered 337 birds hidden in the compartments behind the driver’s and passengers’ seats.

Punggol Regional Library was most visited public library in 2023 with 1.3 million visitors (Straits Times)

It is Singapore’s first public library with an extensive suite of services created with and designed for persons with disabilities – from wider aisles and lower shelves for wheelchair users, to multi-coloured keyboards with large keys for those with visual impairments.

Prices of unsold units at The Residences at W Singapore Sentosa Cove slashed by over 40% (Straits Times)

Unsold units at The Residences at W Singapore Sentosa Cove will be up for sale at more than 40 per cent off their initial 2010 launch price.

Cityview Place Holdings, which owns 203 units at the development, will be releasing 58 units for sale on April 15, with prices starting from $1,648 per square foot (psf).

Cityview is an associate of City Developments (CDL), which is the developer of the 228-unit upscale condominium.

Intel unveils latest AI chip as Nvidia competition heats up (CNBC)

  • Intel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3.
  • Intel is looking to take market share from current leader Nvidia, which has an estimated 80% of the AI chip market.

What ‘vibecession’? Some 80% of people in Singapore say they’re bullish about the economy (CNBC)

Majority of the residents in Singapore are bullish about where the economy is headed and confident that the government will be able to support them during their retirement.

That’s according to a poll by SurveyMonkey, carried out across nine countries in collaboration with CNBC.

The results in Singapore buck the global trend, where less than half the adults polled are positive about where their economy is going. People in Singapore (79%) and Mexico (74%) are optimistic about their financial prospects.

However, majority of the adults polled in the other countries are far less bullish about their future: 49% in the U.S., 37% in the U.K., 36% in Australia and 34% in Germany expressed the same optimism.

Hong Kong seizes over $10 million worth of gold disguised as machine parts in record smuggling bust (CNBC)

CNA Explains: How were the sentences decided for duo convicted in billion-dollar money laundering case? (CNA)

Two men accused of their involvement in a landmark S$3 billion (US$2.2 billion) money laundering case in Singapore received their sentences last week.

On Tuesday (Apr 2), Su Wenqiang was jailed for 13 months while Su Haijin was sentenced to 14 months’ prison two days later. 

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