Day: March 7, 2022

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TWO TEENAGERS ARRESTED FOR THEFT OF MOTOR VEHICLE

The Police have arrested two 18-year-old male teenagers for their suspected involvement in a case of theft of motor vehicle.

On 4 March 2022 at about 12.25am, the Police received a report that a motorcycle was stolen from a multi-story carpark along Jurong East Street 21.

Through ground enquiries and with the aid of images from Police cameras, officers from Clementi Police Division established the identity of the teenagers and arrested them on the same day.

Investigations are ongoing. The offence of theft of motor vehicle, punishable under Section 379A of the Penal Code 1871, carries an imprisonment term of up to seven years and a fine.

The Police would like to advise all motorcycle owners to adopt the following crime prevention measures:

Park your motorcycle in well-lit areas;

Install an anti-theft alarm for your motorcycle;

Use a motorcycle canvas to cover the motorcycle, securing both ends;

Use additional locking devices such as disc brake locks or install a suspension guard;

Remove the ignition key and lock the motorcycle, whenever it is left unattended; and

Do not leave spare keys inside the motorcycle storage box.

Source: Singapore Police Force

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South Korea Bans Transactions with Russia Central Bank

South Korea said Monday it will halt all transactions with Russia’s central bank in the latest series of punitive actions against Moscow over its invasion of Ukraine.

The foreign ministry said in a statement it had decided to ban all financial dealings with the Central Bank of Russia “considering the international community’s financial restrictions against Russia.”

It did not provide further details on the scope of the move, saying more coordination with related agencies was required.

South Korea’s decision comes as Western governments, international sporting organizations and a growing list of major companies have worked to isolate Russia, levelling punishing sanctions over its globally-condemned attack on its neighbor.

South Korea earlier said it would tighten export controls against Moscow by banning shipments of strategic items. It also joined Western countries in suspending financial transactions with several major Russian banks.

Monday’s decision is the latest in a series of moves that Seoul has taken against Russia and its close ally Belarus.

Seoul on Sunday declared it would impose export controls on Belarus for “effectively supporting the Russian invasion of Ukraine,” without detailing what specific measures would be taken.

Samsung Electronics, the world’s largest smartphone maker, also announced over the weekend it had suspended all shipments of products to Russia due to “geopolitical developments.”

The world’s 10th largest economy also has joined the multinational sanctions in removing Russia from the SWIFT global payment system, which allows transfer of capital across continents.

The International Monetary Fund warned the already “serious” global economic impacts of the war in Ukraine would be “all the more devastating” should the conflict escalate.

Source: Voice of America

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Tokyo Stocks Plunged Over Three Percent In The Morning Amid Fears Over Fuel Price Surge

TOKYO– Tokyo stocks plunged this morning, with the benchmark Nikkei stock index diving over three percent, amid fears over surging fuel costs, as some global powers reportedly consider a ban on Russian fuel imports.

The 225-issue Nikkei Stock Average dropped 819.24 points, or 3.15 percent, from Friday, to 25,166.23, and once fell to as low as 25,006.26, marking its lowest intraday level since Nov 10, 2020.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 53.16 points, or 2.88 percent, to 1,791.78.

Air transportation, transportation equipment and machinery-linked issues, comprised those that declined the most by the morning break.

Source: NAM NEWS NETWORK