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Selasa, 13 Februari 2024

Singapore is third-best country to relocate to and build family wealth, says report - The Straits Times

Singapore ranked third in the study of 27 countries on where families can relocate to earn more. PHOTO: ST FILE

LONDON - The best country in which to build multi-generational wealth is Switzerland.

The Alpine nation offers the best opportunities in the world for families looking to relocate and access the highest earnings and best career prospects for themselves and their children, according to a new index by citizenship advisory firm Henley & Partners.

The United States came in second, while Singapore was third.

Switzerland has a 2 per cent unemployment rate and is home to seven of the world’s top 250 universities, according to the research, making it a premium destination for families looking to build wealth and ensure good careers for their children.

The US also provides great employment prospects and unparalleled education, with 46 of the world’s top universities.

Meanwhile, Singapore is at the heart of a growing economic region, with plenty of opportunities in banking and engineering as well as easy-to-navigate visas.

The study examined education, earning potential, career advancement, livability, economic mobility and job prospects across 27 countries to establish “opportunity scores” for families looking to move and earn more.

The ranking found that a typical Indonesian family whose score sits at 25 per cent in their home country could raise their probability of success for the next generation to 82 per cent by accessing residence rights in the US.

Similarly, an Indian family with a score of 32 per cent relocating to Switzerland would increase their advantage to 85 per cent.

“Income variation globally is largely attributable to which country people live and work in,” said Henley & Partners Education director Tess Wilkinson. “Picking the right country is key to ensuring multi-generational wealth.” BLOOMBERG

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2024-02-13 23:56:00Z
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Bodies of 2 Malaysians recovered after Singapore-owned light plane crashes in Selangor - The Straits Times

The bodies of two Malaysians were found and recovered after a search operation was conducted by Malaysia's Fire and Rescue Department. PHOTO: THE STAR/ASIA NEWS NETWORK

Debris could be seen falling out of the sky in a video shared on social media. PHOTOS: THE STAR/ASIA NEWS NETWORK

SINGAPORE – The bodies of two Malaysians on board a Singapore-owned light aircraft that crashed near a town west of Kuala Lumpur on the afternoon of Feb 13 have been found and recovered.

The victims have been identified as 30-year-old pilot Daniel Yee and 42-year-old passenger Roshaan Singh Raina, Malaysian news outlet The Star reported.

Their bodies were found in the cockpit and recovered at 8.05pm, said Selangor police chief Hussein Omar Khan. He told The Star the wreckage was buried 2m in the ground as a result of the crash’s impact.

He said earlier that both bodies would be taken to Klang Hospital for a post-mortem and identification by family members. Debris from the aircraft was found within a 50m radius of the crash site, he added.

About 130 to 150 personnel from various agencies were involved in the search operation and the Air Accident Investigation Bureau, under Malaysia’s Transport Ministry, will investigate the crash.

The Civil Aviation Authority of Malaysia (CAAM) earlier said the two-seater Blackshape Gabriel BK 160 aircraft, operated by the Air Adventure Flying Club, crashed near the town of Kapar in Selangor.

The aircraft had taken off from Subang Airport in Kuala Lumpur at 1.28pm for a recreational flight, CAAM said, and the last contact between the aircraft and the Kuala Lumpur Air Traffic Control Centre was at 1.35pm. No distress call was received.

CAAM added that the Kuala Lumpur Aeronautical Rescue Coordination Centre was activated immediately to locate the aircraft.

Fire and Rescue Department officer Ahmad Fuad Nasrudin told The Star earlier: “We are continuing our search and have found nothing at this point of time.

“We are also investigating to find out what could have happened (to the pilot and anyone else).”

In a video shared on social media, debris is seen falling from the sky. The caption states that two explosions were heard before the aircraft crashed to the ground.

According to flight tracking website FlightRadar24, the aircraft – with registration code I-POOC – took off, flew southwards and made a right turn towards the west.

The aircraft then ascended to an altitude of 1,725ft (526m) and maintained an airspeed of around 130 knots (240kmh). At 5.35pm, it began losing altitude, with the last known flight data showing that it reached a vertical speed of negative 4,096ft (1,250m) per minute.

Vertical speed is a measure of the rate of an aircraft’s ascent or descent, indicated respectively by positive and negative values.

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Speaking to The Straits Times over the phone, a spokesman for Singapore-based flight training company Aviation Safety Technology (AST), which owns the aircraft, said the plane was flying in preparation for the Singapore Airshow, which will take place from Feb 20 to 25.

AST’s website said the aircraft, along with other products, is part of the air show’s outdoor static display.

ST has contacted the Ministry of Foreign Affairs and the Air Adventure Flying Club for more information.

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2024-02-13 13:54:28Z
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Former Malaysia PM Mahathir, 98, hospitalised again - CNA

KUALA LUMPUR: Former Malaysia prime minister Mahathir Mohamad, 98, has been admitted to hospital again, his office said, confirming media reports after the ex-premier of more than two decades missed a court hearing on Tuesday (Feb 13).

The nonagenarian has been in and out of hospital in recent years. He has a history of heart problems and has undergone bypass surgeries.

Mahathir had been scheduled to attend a court proceeding relating to his lawsuit against Deputy Prime Minister Ahmad Zahid Hamidi for allegedly making defamatory statements questioning the former leader's racial origins.

The judge postponed the hearing to Jul 19 after Mahathir's lawyer told the court that his client had been admitted to the National Heart Institute since Jan 26.

Ahmad Zahid’s lawyer suggested that the trial begin in October, but the judge rejected the proposal and asked for earlier dates to be fixed.

“We can vacate other cases to accommodate this trial. Most probably, Tun Mahathir is one of the oldest plaintiffs in this court,” said Judicial Commissioner Gan Techiong.

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2024-02-13 11:40:49Z
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Indonesia Elections 2024: As most populous province, West Java could tip the scales - CNA

WEST JAVA: A stable economy, more job opportunities and equal treatment of citizens are among the aspirations on the wish list of West Java voters for Indonesia’s next president.

“The leader I want is aware of these three things: awareness of position, awareness of conditions and awareness of the situation,” said one resident Imam Iskandar.

West Java, Indonesia’s most populous province, is often included among the top priorities of political parties in canvassing for votes.

It is home to about 50 million people and has the highest number of registered voters at close to 36 million, making it a pivotal battleground for Wednesday’s (Feb 14) elections.

The province is also unique in terms of the high plurality of support for parties, observers told CNA.

West Java typically gives candidates the opportunity to raise the number of votes that they previously may have lost, or strengthen wins where they may have had a strong support base.

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2024-02-13 09:21:27Z
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Jailed Thai ex-PM Thaksin to be freed: Justice minister - CNA

BANGKOK: Jailed former Thai prime minister Thaksin Shinawatra is to be freed, the kingdom's justice minister said on Tuesday (Feb 13), possibly as soon as the weekend - just six months after returning from 15 years of self-imposed exile.

The controversial billionaire, twice elected premier and ousted in a 2006 military coup, was jailed for eight years on graft and abuse of power charges in August, but within days had his sentence cut to one year by King Maha Vajiralongkorn.

Justice Minister Tawee Sodsong said on Tuesday that the former Manchester City owner, 74, would be among 930 prisoners granted early release.

"He is in the group where they are in a critical condition or aged over 70. He will be released after six months automatically," Tawee Sodsong told reporters.

Thaksin was jailed on Aug 22 last year, and Thai media reported that his release could come any day from Saturday.

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2024-02-13 04:40:42Z
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Indian police fire tear gas as protesting farmers march to capital - CNA

"OPPRESSING US"

"We tried our best to solve our problems through discussions with the government, but they are insistent on oppressing us," Sarwan Singh Pandher, a top farmers' union official from Punjab, told reporters.

The farmers are demanding a law to fix a minimum price for their crops, besides a clutch of other concessions including waiving off loans.

"The government should listen to the farmers instead of using tear gas shells and guns against them," said Randeep Surjewala, an opposition Congress MP from Haryana, where many of the protesting farmers come from.

Farmers have called for a "Delhi Chalo", or "March to Delhi", echoing protests in January 2021 when farmers breached barricades and marched into the city on Republic Day.

Protests by farmers against agricultural reform bills in November 2020 lasted for more than a year, forming the biggest challenge to Prime Minister Narendra Modi's government since it came to power in 2014.

Tens of thousands of farmers then set up makeshift camps, with at least 700 people killed during the protests.

In November 2021, a year after protests began, Modi pushed through parliament the repeal of three contentious laws that farmers claimed would let private companies control the country's agriculture sector.

Thousands of Indian farmers die by suicide every year because of poverty, debt and crops affected by ever-more erratic weather patterns caused by climate change.

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2024-02-13 08:04:00Z
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Indonesia Elections 2024: Presidential hopefuls avoid religious, ethnic narratives to win over voters - CNA

Candidate Anies Baswedan, who recently held a dialogue session with the Chinese community in Jakarta’s Chinatown, said: "In every election, there are bound to be different choices and these different choices will definitely be associated as a form of polarisation.

“After the election is over, everyone is an Indonesian citizen who has the same right to receive services from the state (and) to get opportunities from the state. Therefore, after the election is over, the elected president needs to embrace everyone (and) work together with everyone."

In 2017, Mr Anies allegedly used identity politics to win the Jakarta gubernatorial election against incumbent Basuki Tjahaja Purnama, also known as Ahok, who is a Christian and Chinese Indonesian.

ISLAMIC SUPPORT

Identity politics may not be prevalent in this year's contest because all three pairs of candidates are supported by figures who have good Islamic credentials, according to political observers.

"There are no certain negative Islamic-related issues that can be directed towards each of these candidates,” Indonesian Survey Institute executive director Djayadi Hanan told CNA.

“So it is difficult to use identity politics to pinpoint if somebody is against Islam or not, or to claim that you are the only candidate fighting for Islam."

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2024-02-13 04:13:00Z
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