Month: September 2023

Singapore’s clean image under scrutiny amid money laundering scandal

Singapore’s clean image under scrutiny amid money laundering scandal

City-state’s anti-money laundering controls in spotlight after arrest of 10 foreigners and seizure of $1.3bn in assets.

Singapore – Singapore’s image as a squeaky-clean business hub is under scrutiny amid a huge money laundering scandal that has so far resulted in 10 arrests and the seizure of assets worth 1.8 billion Singaporean dollars ($1.3bn).

https://www.aljazeera.com/economy/2023/9/18/singapores-clean-image-under-scrutiny-amid-money-laundering-scandal

G20 Big pledge to triple renewables

G20 pledge to triple renewables

JOINT DECLARATION: After months of wrangling, the Indian G20 presidency managed to secure a joint leaders’ declaration this week. The text included a pledge to “pursue and encourage efforts” to triple renewable energy capacity by 2030, the Associated Press reported. The global goal, widely understood to mean 11,000 gigawatts (GW) by 2030, is “vital” to keeping 1.5C within reach, the International Energy Agency (IEA) said in July. IEA chief Dr Fatih Birol told DeBriefed it was a “good step, but far from enough” (see Spotlight).

https://bit.ly/3RpVE6v