Clarence Foo News Today

Some ultra-rich are making backup plans to move cash, firms and loved ones to the city state, after Nato held its first dedicated debate on the threat Beijing poses to the self-ruled island.

There was relative calm among many residents when the Chinese military staged large-scale drills around Taiwan in August, following US House Speaker Nancy Pelosi's visit to the self-ruled island. But while most people did not believe a full-blown conflict was imminent, the threat of war had become too real for some wealthy Taiwanese families. Some have since been finalising exit...

Singapore has raised additional stamp duties on private property purchases by foreigners and citizens buying their second home for the first time since 2018, seeking to cool a surge in housing prices and debt-driven by housing loans. In a late-night announcement on Wednesday (Dec 15), a joint statement by two ministries and the central bank said foreigners buying their first...