1. "Man arrested, suspected of cheating victim of S$175,000 for face masks
SINGAPORE: A 28-year-old man was arrested on Friday (Feb 14) after a victim handed over S$175,000 as a deposit for 500 cartons of face masks.
The police received a report on Friday from a man who claimed he was cheated by an online seller who advertised the sale of surgical face masks on Carousell.
The victim handed over the S$175,000 as a deposit for the face masks, which were intended to be distributed to the staff of a company.
"However, after receiving the deposit, the male suspect became uncontactable and did not deliver the goods," the police said in a news release.
Officers from Ang Mo Kio police division arrested the suspect on Friday. He will be charged in court on Saturday with cheating.
If convicted, he faces a jail term of up to 10 years and a fine."
OMG! S$175k is NOT small change ya? This "victim", not sure what was his intention, is buying to make money? or to donate to the vulnerable or what?
If he was thinking of making more out of this deal, he is just a greedy n idiotic merchant. A laughing stock in his biz community. And a legend with a very negative vibe attached forever!
If he was thinking of buying 4 the poor n vulnerable, he os a gullible n inexperienced do-gooder that should never hv been given the task of handling money purchases!!
Whatever the final situation discovered at the trial, the culprit did show the keen sense of a biz opportunist: when there is panics n perceived shortages, there will n buyers who will pay n b careless!!
2. "Most of F-35 fighter jet cost and design issues have been resolved: RSAF chief
SINGAPORE: Most of the cost and design issues surrounding the F-35 fighter jets have been resolved, said the Chief of Air Force, as he expressed confidence in Singapore’s decision to purchase up to 12 of the fifth-generation aircraft.
“In the early days of the programme, the F-35 was marred by design deficiencies and cost overruns,” said Major-General (MG) Kelvin Khong on Friday (Feb 14). “But most of the issues have been resolved in recent years.”"
Interesting that Sgp is STILL going to spend S$2.5B on this war plane as the gov announces emergency fiscal help to the taxi n PHD industry personnel n b8z, besides more on tourism related, FnB n MICE establishment.
All these will test HOW MUCH do we really hv in our shrouded in secrecy "200-to-1000B" reserve n the Net Investment Contribution Returns (NIRC) it earned to provide 4 all these "man if this is NOT RAINY day, there will never b a drizzle!!"
Many hv posited that if the National Reserve is S$100B, a 3% return is already S$3B; n this can help a lot with the principal untouched. Also there is this S$15+B surpluses the gov MUST put to Locked Reserve if it does not spend it at the end of it's current governing term. i.e. latest GE to b called is in April 2021!
So, it looks like a lot of earned money to tide us over this exceptionally difficult time.
Let's see if the 2% GST increment will STILL b pushed by the gov or not comes Budget 2021 is announced on 18 Feb 2020!!
SINGAPORE: A 28-year-old man was arrested on Friday (Feb 14) after a victim handed over S$175,000 as a deposit for 500 cartons of face masks.
The police received a report on Friday from a man who claimed he was cheated by an online seller who advertised the sale of surgical face masks on Carousell.
The victim handed over the S$175,000 as a deposit for the face masks, which were intended to be distributed to the staff of a company.
"However, after receiving the deposit, the male suspect became uncontactable and did not deliver the goods," the police said in a news release.
Officers from Ang Mo Kio police division arrested the suspect on Friday. He will be charged in court on Saturday with cheating.
If convicted, he faces a jail term of up to 10 years and a fine."
OMG! S$175k is NOT small change ya? This "victim", not sure what was his intention, is buying to make money? or to donate to the vulnerable or what?
If he was thinking of making more out of this deal, he is just a greedy n idiotic merchant. A laughing stock in his biz community. And a legend with a very negative vibe attached forever!
If he was thinking of buying 4 the poor n vulnerable, he os a gullible n inexperienced do-gooder that should never hv been given the task of handling money purchases!!
Whatever the final situation discovered at the trial, the culprit did show the keen sense of a biz opportunist: when there is panics n perceived shortages, there will n buyers who will pay n b careless!!
2. "Most of F-35 fighter jet cost and design issues have been resolved: RSAF chief
SINGAPORE: Most of the cost and design issues surrounding the F-35 fighter jets have been resolved, said the Chief of Air Force, as he expressed confidence in Singapore’s decision to purchase up to 12 of the fifth-generation aircraft.
“In the early days of the programme, the F-35 was marred by design deficiencies and cost overruns,” said Major-General (MG) Kelvin Khong on Friday (Feb 14). “But most of the issues have been resolved in recent years.”"
Interesting that Sgp is STILL going to spend S$2.5B on this war plane as the gov announces emergency fiscal help to the taxi n PHD industry personnel n b8z, besides more on tourism related, FnB n MICE establishment.
All these will test HOW MUCH do we really hv in our shrouded in secrecy "200-to-1000B" reserve n the Net Investment Contribution Returns (NIRC) it earned to provide 4 all these "man if this is NOT RAINY day, there will never b a drizzle!!"
Many hv posited that if the National Reserve is S$100B, a 3% return is already S$3B; n this can help a lot with the principal untouched. Also there is this S$15+B surpluses the gov MUST put to Locked Reserve if it does not spend it at the end of it's current governing term. i.e. latest GE to b called is in April 2021!
So, it looks like a lot of earned money to tide us over this exceptionally difficult time.
Let's see if the 2% GST increment will STILL b pushed by the gov or not comes Budget 2021 is announced on 18 Feb 2020!!
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