Business
Singapore Expands Graft Probe to Include Hotel Tycoon Ong
Singapore has expanded the corruption probe involving the transport minister S. Iswaran to include the property tycoon Ong Beng Seng. Haslinda Amin reports on Bloomberg Television.
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Bloomberg’s Poonam Goyal said Walmart’s earnings miss is largely due to lagging pharmaceutical sales impacted by new federal negotiations aimed at delivering lower drug prices. Goyal said that it’s an issue that both the company and investors are expecting to continue affecting sales. Goyal said that Walmart could have the opportunity to calm concerns about flagging US sales growth by focusing on bringing in customers with competitive pricing.
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China is stepping up efforts to support the economy as Covid lockdowns and unrest spread further. Enda Curran reports on Bloomberg Television.
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Renewed US-Iran fighting and uncertainty over shipping through the Strait of Hormuz are adding pressure to global energy markets, while the threat of mines continues to deter some traffic. Ukraine’s attacks on Russian refineries are compounding tight diesel supplies, creating what Bloomberg News Oil Products Reporter Will Kubzansky describes as a distillates crisis heading into peak demand season. Also joining Bloomberg This Weekend to discuss the situation is Bloomberg News Middle East Correspondent Abeer Abu Omar.
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Iran, US Trade Tanker Attacks, Strong US Payrolls Fuel Fed Hike Bets | The Asia Trade 9/7/2026
“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Avril Hong and Paul Allen, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.
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@stkang-fm1nd
December 15, 2023 at 6:14 am
To let the rich people think they can bribe our Singapore minister easy😂😢😮😅😊 without any responsibility and can free easily walking around happily
@stkang-fm1nd
December 15, 2023 at 6:14 am
The one who dare to bribe the senior minister should be seriously look into it and deal with.😂😢😅 If no many will dare to bribe our minister 😢😂😅😊😅
@robingng
December 15, 2023 at 6:14 am
Zero corruption?? Laughable 😂😂😂
@AaronKnight-fe1vm
December 15, 2023 at 6:14 am
You can only get the money from your so account pay and no additional fees or any earnings beyond that is required to live on and, legal benefits by the government no more! should be allowed for all of leaders if you have small amount in your muyable bank account or larger number outside your pay
@bowlampar
December 15, 2023 at 6:14 am
The claims by Singaporean government that paying top $$$ on salary and generous fringe benefits for cabinet minister would stop any minister to accept bribe is only happen in a fairy tale, not in reality. Greed has no limit , it's part of human nature, the high remuneration package only can lesser the temptation to take bribe , not eliminate it totally.
@Akira-888
December 15, 2023 at 6:14 am
Only exposed those caught. 🤐
@natarajanbaradwaj3560
December 15, 2023 at 6:14 am
The very fact that the Singapore govt quotes one of the reasons to pay such high salaries is to keep the ministers clean clearly indicates that these ministers are prone to corruption. So, can that part of the amount considered as payment to prevent corruption be renamed "anti- corruption compensation" so that the public is aware of it? Every minister must be ashamed to receive such a compensation as this is a reflection on their charecter. Any person coming into politics is to serve the people. Compensation should be the last thing in their minds. Only people genuinely in possession of high morals should be in politics and serve the people by holding prestigious ministerial offices. There may be some in this cabinet with such high morals but for such persons to continue receiving such compensations without questioning raises enough doubts on their charecters.
@nickyyap1663
December 15, 2023 at 6:14 am
I like to know how to be rich and clean. 🙄
@natarajanbaradwaj3560
December 15, 2023 at 6:14 am
Zero value news. Whatever is said here people already know. What people should know is what exactly are the details of the charges to warrant an arrest.
@user-qo3te3km2k
December 15, 2023 at 6:14 am
Has are u sure there is no graft .. can you explain ho cheng are being paid 100 million a year to work at temasek .. temasik has reporting losses of billion. But she still at the helm of temasik and no question ask for the billion loss in temasek that is not corruption ?
@DS-wf9yk
December 15, 2023 at 6:14 am
A nonsense release on bail and nonsense zero tolerance. Just say because they have money to pay for the release a.k.a bribe the government. Actually singapore has hidden corruption all this while by looking at how many rich people flocked from China, but singapore govt failed to screen their assets, from where their assets come, whether they earned legally or illegally or from gambling business. China has already warned and placed arrests to these rich people, meaning these people have illegal assets and illegal business, but singapore still allows them to store their assets and still grants them asylum like PR or citizenship.
@user-qx1xp4ns1n
December 15, 2023 at 6:14 am
Hopefully it will not affect Singaporeans in their confidence in government.
@Hs5687
December 15, 2023 at 6:14 am
Hi Bloomberg , any Plans to make an Inquisitorial Video on the several High Profile Distancing episodes “ Phenomena “ surrounding Sg Politics since LKY’s passing ? … Maybe Start with TIMING of LKY’s & Ex Comm of Police, Goh Yong Hong’s Deaths which Occurred coincidentally within Weeks AFTER serious Allegations that can INCRIMINATE Both were Filed in SG High Court… ie. Coincidence , Phenomena or KARMA? 🤓
@Sebas6963
December 15, 2023 at 6:14 am
it takes years to build up a country with corruption free but it takes a second with a moment of greed with corruption
@dhana7373
December 15, 2023 at 6:14 am
Chalk piece..Central committee of china had to re org fro current leadership ❤
@venkatagiribn2217
December 15, 2023 at 6:14 am
Singapore's foundation is the looted money deposited by tax evaders and also criminals from Myanmar, Malaysia, India, Phillpines, Indonesia etc. High Salaries given to Ministers have no effect. WEF controls Singapore through the MAS Chairman Shanmugharatnam. It has zero natural resources.
@poopermoodieisgay2131
December 15, 2023 at 6:14 am
Singaporeans will still vote for the PAP. They are too tolerant of the ruling party even this Indian Minister is obviously so corrupt.
@hagisno
December 15, 2023 at 6:14 am
He Definitely Shitting In His White Pants Now…Waaakakakakaka…
@GeeWhizzzz
December 15, 2023 at 6:14 am
Lee Kuan Yew – was Ong's Beng Seng's bedfellow.
1996 saga – Nassim Jade / Scotts 28.
Another bosom buddy, the PM at the time
conveniently "cleared" both LKY and LHL of wrong doing.
If anyone had anything to say or questions to ask
they would be sued and left homeless.
Lee Kuan Yew made sure to
reserve corruption for himself
and those he approved of/his circle.
Nothing has changed.
1) If you hurt LKY's feelings
2) had a clash of opinion with him
3) or surpassed his popularity
you would no longer be in the emperors good graces.
The stage would be set.
> The Courts, Judges, CPIB and other agencies > are his.
@prima7853
December 15, 2023 at 6:14 am
👏🏻👏🏻👏🏻👍🏻👍🏻👍🏻👍🏼👍🏽👏🏽👏🏽👏🏽👏🏽👏🏽👍🏽
@stickymoney
December 15, 2023 at 6:14 am
CECA is such a massive failure on the part of Singapore government. And this is only the tip of the iceberg. Hopefully they will acknowledge this mistake, wake up and correct it
@dastantra9755
December 15, 2023 at 6:14 am
Thanks
@adamsksof.348
December 15, 2023 at 6:14 am
Opposition parties stand better chance in the coming poll
@changchunkit3883
December 15, 2023 at 6:14 am
the minister has broken from the mold of socall unenticed corrupt singaporeans
@user-os3tk3yl7f
December 15, 2023 at 6:14 am
出去走一走🛴
荣华富贵🏎️
自然🈶🍈
@numbie3527
December 15, 2023 at 6:14 am
Shows that media love to screw you mind. 😂
@michaelamsz1774
December 15, 2023 at 6:14 am
drain the swamp…????
@michaelamsz1774
December 15, 2023 at 6:14 am
He is the next inmate in changi chalet for the next 12 years……if he dont want to go jail…he should be tied to a trishaw and run round singapore as a trishaw minister for next 2 years…greedy b*****d
@layhweeng9437
December 15, 2023 at 6:14 am
非淡泊无以明志， 非宁静无以致远 ，先天下之乐而乐 后天下之忧而忧 。
@lioneye5048
December 15, 2023 at 6:14 am
Entry to join this corrupt club-salary above $1M.
@itssbusiness
December 15, 2023 at 6:14 am
This is just a piece of hair on a whole head.
@YY-os4eu
December 15, 2023 at 6:14 am
The real question is, how many more of them are corrupt
@kaffir76
December 15, 2023 at 6:14 am
Bye bye SINGAPORE reputation 😂😂
@jeremyxu8155
December 15, 2023 at 6:14 am
‘’The earth provides enough to satisfy every man's need, but not every man's greed” – Mahatma Gandhi.
The Singapore ministers are paid more than S$1,000,000 each per annum, with one of the key justifications that a low pay package may result in a corrupt cabinet. It appears that the much loved and respected late Mr. Lee Kuan Yew had overlooked what Mahatma Gandhi had once said.
@eddieleong6490
December 15, 2023 at 6:14 am
The news is getting worse…a Minister is suspended from his duties. A famous tycoon is arrested but allowed to travel. Just days apart. I presume there will be more developments soon. This is such a shock and coming soon after parliamentary debates on the rental of government properties, an expletive uttered by the Speaker.
The massive investment losses and the GDP is hardly growing. Add on the global situation, etc. Not a good outlook.
The El Nino has arrived.
@roxxyroxxy4667
December 15, 2023 at 6:14 am
under carpet full of cash 😂😂
@LonganLee
December 15, 2023 at 6:14 am
Hi , i want to defend my singapore! Paying top dollars does work. Its proven. Look at Wall Street. Paid so high you can touch the sky. No Corruptions. Proven. The rest of the world have not copies this top dollar model. I wonder why?
@icanspelle6050
December 15, 2023 at 6:14 am
Can we do the same in the US please thanks
@vincentxiao601
December 15, 2023 at 6:14 am
Wah. Talk as if this transport minister graft charges is gonna bring down the ruling government. Wait long long la.
@xingxing85
December 15, 2023 at 6:14 am
There has been so many scandals including wirecard and ridout recently. How is there no corruption in the country? 🤭
@darylchan694
December 15, 2023 at 6:14 am
Abolish CECA
@MsSkybear
December 15, 2023 at 6:14 am
Disgrace. If found truth, he must be made to return all tax payer
@MarkAFOM
December 15, 2023 at 6:14 am
Showing pictures of the transport minister without mentioning/displaying his name during the whole clip while saying OBS repeatedly without showing his image is at best confusing and at worst shoddy stuff. Nonetheless this is a story that needs pursuing.
@k54122
December 15, 2023 at 6:14 am
Minister should be paid 20k a month only.
@Kimmi7581
December 15, 2023 at 6:14 am
So to discourage corrupt politicians should be paid out of the world salaries?