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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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ASX positioned for strong start after positive stock rebound

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2 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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3 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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3 days ago

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September 9, 2024

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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