Market Review and Trends
Top News this Week (21 May)
By Financial Horse  •  May 21, 2023
Rounding up top investing articles from around the web, including articles shared on Twitter. SEA Games 2023: Cambodia signs off with picture-perfect closing ceremony (Straits Times) Tycoon jailed in Angola fails in bid to have money released from $749m kept in S’pore account (Straits Times) An Angolan tycoon, who has been sentenced to nine years’ jail in the southern African nation for embezzlement, money laundering and tax fraud, on Wednesday failed in his bid for $2.6 million to be released from his Singapore bank account. Carlos Manuel De Sao Vicente had a Bank of Singapore (BOS) account containing more than US$558 million (S$749 million) that was seized by the Commercial Affairs Department (CAD) on Feb 19, 2021. Jail for Enterprise Singapore ex-employee who used former colleague’s data to get face mask (Straits Times) A former employee of Enterprise Singapore, who kept a copy of his former colleague’s resume, used the man’s NRIC number to redeem a face mask after leaving the agency amid...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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