US-China trade war escalates: Bitcoin falls below US$78K amid market chaos

In a shocking move, President Trump has imposed high tariffs on countries trading with the US, causing chaos in global markets and sparking fears of a trade war. Long-term allies like Japan and South Korea face tariffs of 25%, while poorer countries like Vietnam are hit with tariffs exceeding 45%. The president's actions have led to stock market declines, political backlash, and the threat of further economic crises, raising concerns about the administration's understanding of...

A ransomware attack on a printing vendor resulted in the extraction of customer information from DBS Bank and Bank of China, Singapore, with about 8,200 DBS customers potentially affected. DBS stated that customer deposits and systems were not compromised, and investigations are ongoing. Authorities are assisting in containment measures and advising on prevention and mitigation strategies in response to the increasing ransomware threats. Full Article

Four members of Singapore's Ng family, including Sino Group chairman Robert Ng and his children, have been designated as "politically significant persons" under the Foreign Interference (Countermeasures) Act due to their memberships in the Chinese People's Political Consultative Conference. While the Ng family members have not engaged in any egregious activity, they are required to disclose political donations and foreign affiliations annually. As of March 31, seven Singaporeans have declared their memberships in foreign political...

The Trump administration has imposed additional 34% tariffs on China, bringing the total new levies this year to 54% and the overall tariff rate to 74%, prompting criticism of unilateralism and protectionism from Chinese spokesperson Lin Jian. In addition, Trump closed a trade loophole allowing duty-free entry of low-value packages from China, leading to market turmoil with the FTSE 100 hitting a one-year low and Goldman Sachs raising the chances of a US recession to...

A Singapore Civil Defence Force team deployed to Myanmar for a search and rescue operation after a devastating earthquake is preparing to return home. The team provided essential supplies to local authorities and rescued a man from a collapsed building. They also attended an appreciation ceremony before departing. Full Article

Prime Minister Lawrence Wong is set to address the implications of US tariffs in parliament, with Singapore facing a 10% tariff. Other topics to be discussed include Chocolate Finance halting withdrawals, bus safety concerns, and water seepage in HDB flats. MPs are raising questions about financial regulations, bus safety measures, and water leakage incidents in HDB flats. Full Article