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Singapore man sentenced for exporting drinks to North Korea

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2 years ago

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A man who once worked for the Japanese drink company Pokka has been sentenced to five weeks’ behind bars

Phua Sze Hee, 59, pleaded guilty to four charges for illegally exporting nearly $1 million worth of products to North Korea.

He was found in breach of the Regulation of Imports and Exports Regulations, which makes it illegal to have commercial dealings with North Korea.

It is understood Mr Phua’s offences took place between November 2017 and September 2018.

The beverages were sold to several businesses in Singapore, which were then exported to North Korea.

Tan Quang Singapore; Baron & Baron; A-Linkz Marketing are among the business involved in the wholesale trade.

Mr Phua once held the role of the channel manager at Pokka International.

During this time, he oversaw wholesale and the distribution of Pokka products.

The company sells a variety of coffee and milk-based beverages across Singapore.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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