Great News. Sickipoora export down again in August. A total collapse is near. All the gohmen men and CECAs will not be able to put it back again.

End of an era? New report says wealthy Chinese are leaving Singapore​


Anna Maria Romero
ByAnna Maria Romero
September 15, 2025
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SINGAPORE: While Singapore was called a playground for the ultra-rich from China in the UK’s Telegraph just a few short years ago, that time appears to be coming to an end, based on a new report from CNBC.


According to the report, published on Thursday (Sep 11), the reputation of the city-state as a safe haven for well-heeled Chinese families may be dimming, in large part due to stricter regulations in Singapore in the wake of the S$3 billion money-laundering scandal in 2023, the biggest ever in Singapore’s history.


In the past six years, more and more wealthy Chinese have set up family offices in Singapore for a number of reasons. Many chose Singapore over Hong Kong in the wake of the massive protests in 2019. COVID-19 shutdowns in China were also a factor, as was Beijing’s thrust toward “common prosperity” aimed at creating moderate wealth for many instead of just a few.
 

YAHOO POLL: Should Singapore welcome fewer but cleaner rich clients?​

Singapore’s new wealth rules are reshaping who stays, who leaves and what the city stands for​


Staff Writer, Editorial team
Updated Tue, 16 September 2025 at 7:16 PM SGT
1 min read

Marina Bay Sands hotel. Singapore, Asia. (Photo by: Mikel Bilbao/VW PICS/Universal Images Group via Getty Images)

Singapore’s crackdown on suspicious wealth is driving out the ultra-rich Chinese, but is that really a loss? (Photo by: Mikel Bilbao/VW PICS/Universal Images Group via Getty Images)

Singapore is sending a message to the world: wealth is welcome, but only if it’s clean. After the $3 billion money-laundering scandal in 2023, regulators have doubled down on due diligence, and the results are showing.

Family office applications from mainland Chinese have dropped 50 per cent. Banks are re-screening clients. Residency approvals now require deep disclosures. Some call it invasive. Singapore calls it necessary.
 
$$$$$ big ticket toys coming


Minister for Defence Reaffirms Commitment to Acquiring 20 F-35 Fighter Aircraft; Singapore’s First F-35 On Track for Delivery in End-2026​

12 September 2025

Minister for Defence Mr Chan Chun Sing visited Lockheed Martin’s F-35 production facility in Fort Worth, Texas on 12 September (Singapore time), where Singapore’s F-35 fighter aircraft are being built.
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Minister for Defence Mr Chan Chun Sing signed on the wing of Singapore’s first F-35 fighter aircraft — which is currently being built — at Lockheed Martin’s F-35 production facility in Fort Worth, Texas. (Photo Credit: Lockheed Martin)
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Mr Chan was briefed on the F-35 programme, its capabilities, and the production process during his visit. (Photo Credit: Lockheed Martin)
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Mr Chan delivering his remarks after the wing signing ceremony. (Photo Credit: Lockheed Martin)
Minister for Defence Mr Chan Chun Sing visited Lockheed Martin’s F-35 production facility in Fort Worth, Texas on 12 September (Singapore time).

At the facility, Mr Chan visited the Lockheed Martin production line where Singapore’s F-35 fighter aircraft are being built. Singapore’s first of 20 F-35 fighter aircraft is on track for delivery in end-2026. Speaking at the event, Mr Chan said, “This is not just a milestone, but one step in a long journey that we will take together with Lockheed Martin, our partners in the US Government, the US Air Force, and the community in Ebbing – because every one of us needs to come together in order for this capability to be realised… I want to express my deep appreciation to all of you for making this possible. Without your dedication and support, we will not be here.” Accompanied by Chief of Air Force Major-General Kelvin Fan, Mr Chan was also briefed on the F-35 programme, its capabilities, and production process during the visit.

The F-35 acquisition is part of the Ministry of Defence and the Singapore Armed Forces’ long-term strategy to build up the Republic of Singapore Air Force’s future fighter fleet, which will comprise a diversified fleet of F-35As, F-35Bs and F-15SGs to meet our operational requirements and maintain a strong fighter fleet to safeguard Singapore’s skies.

Mr Chan is in the US for his introductory visit from 9 to 13 September (Singapore time) and will be visiting the SAF personnel who are in Mountain Home Air Force Base, Idaho, for Exercise Forging Sabre 2025.
 

Singapore cuts steel on its first Multirole Combat Vessel (MRCV)​

  • Published on 14/03/2024
  • By Gordon Arthur
  • In News
Singapore Multirole Combat Vessel MRCVA computer-generated image showing a concept of the Singapore navy’s Multirole Combat Vessel. Note the two large stern ramps to launch and recover VENUS USVs. (Singapore MINDEF)
Singapore’s future class of Multirole Combat Vessels (MRCV) took a significant step forward on 8 March, when ST Engineering Marine cut steel on the first of six vessels.
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Attending the formal MRCV steel-cutting ceremony, conducted by a robot in ST Engineering’s shipyard, was Rear Admiral Sean Wat, Chief of Navy. He was accompanied by members of the Defence Science and Technology Agency (DSTA), the government organisation in charge of the shipbuilding project.


On the occasion, the Republic of Singapore Navy (RSN) confirmed that the first MRCV is on track to join the fleet in 2028. It stated:

“The new MRCVs will function as ‘motherships’, capable of controlling unmanned assets across the air, surface and underwater domains.”

Singapore’s Ministry of Defence (MINDEF) announced on 27 March 2023 that ST Engineering had been awarded the contract for detailed design and construction of the six frigate-sized MRCVs. The DSTA also contracted Saab, who partnered with Odense Maritime Technology (OMT) in Denmark, to jointly develop the MRCV’s basic design. The deadline imposed for this basic-design phase was the end of 2023. Such a tripartite arrangement is not unique for Singapore, for the DSTA, Saab and ST Engineering worked together on the RSN’s Independence-class Littoral Mission Vessels in similar fashion, these having been commissioned from 2017-20.
 

Singapore to bolster naval capabilities with two new submarines​

The Navy is also preparing to introduce its inaugural Multi-Role Combat Vessel later in 2025.

March 4, 2025
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The first two Invincible-class submarines are RSS Invincible (pictured) and RSS Impeccable. Credit: Helwin Scharn/Flickr (Creative Commons).
Singapore has confirmed plans to acquire two additional submarines, expanding its Invincible-class fleet within the Republic of Singapore Navy (RSN) to a total of six vessels.

This development was revealed by Defence Minister Ng Eng Hen during a parliamentary session where he outlined the Ministry of Defence’s expenditure strategies.
 
Laulan Wong busy catching rats and vapes and forgotten to create jobs?
 
We are rich people playground. All business not dealing with construction or banking can close shop. No need to know how to be self sufficient, no need exports. Imports will do.
 

Singapore AI pioneer Alex Kot ends 30-year NTU career for China role​

Singapore's top AI scientist Alex Kot joins Sino-Russian Shenzhen MSU-BIT University in Shenzhen. (Photo: Shenzhen MSU-BIT University)

Singapore's top AI scientist Alex Kot joins Sino-Russian Shenzhen MSU-BIT University in Shenzhen. (Photo: Shenzhen MSU-BIT University)
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Singapore’s leading AI scientist, Professor Alex Kot, has reportedly left Nanyang Technological University (NTU) after more than 30 years to join Shenzhen MSU-BIT University (SMBU), a Chinese-Russian academic collaboration. He will serve as chief scientist and distinguished professor, according to the South China Morning Post.

SMBU is jointly run by the Shenzhen government, Moscow State University and Beijing Institute of Technology, a top Chinese defence university sanctioned by the US. Kot’s move comes amid rising competition for global AI talent.

Kot’s departure raises questions about Singapore’s ability to retain top researchers in a field increasingly shaped by geopolitical interests. His expertise spans biometric recognition, image forensics, and machine learning.

He will help build SMBU’s research platforms and contribute to engineering breakthroughs. The university held a formal appointment ceremony on 3 September.

Kot’s exit follows a broader trend of Asian scientists relocating to China’s growing tech hubs, drawn by funding, infrastructure and strategic positioning.
 
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