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Singapore

Economy

Why More Countries Are Banning Foreigners From Buying Real Estate

Canada has become the most recent country to impose restrictions on non-residents buying real estate, arguing that wealthy investors from other countries are pricing out would-be local homeowners. But is singling out foreigners the best way to face a troubled housing market?

PARIS — It’s easy to forget that soon after the outbreak of COVID-19, many real estate experts were forecasting that housing prices could face a once-in-generation drop. The logic was that a shrinking pandemic economy would combine with people moving out of cities to push costs down in a lasting way.

Ultimately, in most places, the opposite has happened. Home prices in the U.S., Canada, Britain, Germany, Australia and New Zealand rose between 25% and 50% since the outbreak of COVID-19.

This explosion was driven by a number of factors, including low interest rates, supply chain issues in construction and shortages in available properties caused in part by investors buying up large swathes of housing stock.

Yet some see another culprit deserving of particular attention: foreign buyers.

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Play And Pay: Why Singapore's Education System Is Top Of The Class

For years, Singapore has topped education rankings and inspired other school systems. Among the keys to its success is a playful approach to education and highly paid teachers. But many worry about the pressure the system places on children.

SINGAPORE — Every year in mid-October, social networks are set ablaze in Singapore. Upset parents attack the Ministry of Education on Facebook, Twitter and other forums, accusing it of having organized tests that were too complicated for their children. They say their children came home from the math section of the PSLE – the Primary School Leaving Examination – in tears. The results come in late November.

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LGBTQ+ International: Good And Bad News From Singapore, Great Gatsby Makeover — And The Week’s Other Top News

Welcome to Worldcrunch’s LGBTQ+ International. We bring you up-to-speed each week on a topic you may follow closely at home, but can now see from different places and perspectives around the world. Discover the latest news on everything LGBTQ+ — from all corners of the planet. All in one smooth scroll!

This week featuring:

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Putin’s “Invincible” Missile, Pelosi’s Asian Plans, K-pop Special Treatment

👋 Kumusta!*

Welcome to Monday, where the first Ukrainian grain ship leaves Odessa since the start of Russia’s invasion, while Putin previews a new “hypersonic” missile. Also, U.S. House Speaker Nancy Pelosi starts her high-profile Asian tour in Singapore as the K-pop band BTS gets special attention from South Korea’s defense minister. Meanwhile, even as much of the world loosens its pandemic-related restrictions, we have a warning about the growing risks of long COVID.

[*Cebuano, Philippines]

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Green
Carl Karlsson

Sustainable Hunting? How To Fix Environmental Targets For Hunters

Facing biodiversity loss, hunting can be seen as not only cruel but also damaging to natural ecosystems. Yet hunters argue that their activity is a natural way to “replace” animal predators and a tradition that should be preserved. Can there be a happy hunting medium?

Gazing through binoculars, hunters and environmental activists might appear to be natural enemies.

Particularly as the world is facing challenges that include biodiversity loss and species extinction, hunting can be viewed in ecological terms as not only unnecessary but also cruel, barbaric and damaging to natural ecosystems. In March, for example, the European Court of Justice in Luxembourg banned a traditional French bird-hunting practice that consisted of using “glue traps.”

Still, hunters argue that their activity is a natural way to “replace” animal predators by culling herds of prey species and re-establishing a balance in the ecosystem. Hunting is also seen by some as a tradition that should be preserved, having been embedded in natural human culture for thousands of years.

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Coronavirus
Meike Eijsberg

COVID-19 Lessons From Singapore, Facing Its First Crisis So Late In The Pandemic

Its Zero-COVID strategy has mostly worked, and vaccinations are going well. Now a breakout spread is raising multiple questions for the Asian nation and global financial hub.

-Analysis-

When it came to COVID-19, Singapore had seemed to do everything right. Back in March 2020, the wealthy Asian city-state didn't hesitate to impose a strict lockdown. Indeed, Singapore officials took the risk so seriously, that they opted for a Zero-COVID strategy similar to the one countries like China and New Zealand used to stop the spread at virtually all costs.

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Geopolitics
Han Liying

In Singapore, Facebook Offers No Refuge For Freedom Of Speech

The city-state's leadership has never tolerated too much political dissent; and now when it comes in the Facebook variety, officials are using the courts to silence critics.

SINGAPORE — About two years ago, Leong Sze Hian, a sixty-five-year-old financial advisor in Singapore, did what countless others do every day: He shared an article on his Facebook page.

What he didn't know, was that by doing so he'd soon find himself in a protracted legal battle with none other than the city-state's prime minister, Lee Hsien Loong, who chose to sue Mr. Leong for defamation.

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Future
Anne Sophie Goninet

Yoga, Solar And Eye Scans: A Video Tour Of World's Most Innovative Airports

Airline passenger traffic is not slowing down, registering worldwide growth of 6.8% in 2015. The growing demand means more opportunity but also more competition, and airports need to be innovative to attract both business and pleasure air travelers.

Long layovers can be tiresome, but not necessarily in Changi, Singapore. With free video games, film screenings, a swimming pool and multiple green spaces, the airport has become a bonafide place to relax, part of which helped it get voted the best airport in the world last year.

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blog

Pick Your Poison

A saiga antelope's head, dried seahorses, horn powder and God knows what else was in those jars ... Much like La Paz, Singapore was a great place to buy exotic souvenirs.

blog

Buddhist Incense

The only thing missing from this picture of a Buddhist temple on the island city-state of Singapore is the intense scent of incense these worshippers were burning.

blog

Kerry Chides China, Puerto Rico Risks, Kermit/Miss Piggy Split

JOHN KERRY CONCERNED BY CHINA LAND CLAIMS

Photo: Then Chih Wey/Xinhua/ZUMA

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