MAS warns against property related blockchain platforms

With two Singapore ‘proptech’ companies – FundPlaces and Reidao – turning to blockchain platforms to create property-backed tokens that can be acquired by investors, the Monetary Authority of Singapore (MAS) issued a caveat emptor (“Buyer ... ( read original story ...)

Property tycoons continue to top Singapore’s 50 Richest list

For eight consecutive years, property brothers Robert and Philip Ng of Far East Organisation retained their top spot in Forbes Asia’s Singapore Rich List, with their fortune at US$9.4 billion (S$12.8 billion) this year. They were closely followed by ... ( read original story ...)

Industrial property market in doldrums

Singapore and South- east Asia, said that demand was largely made up of renewals and relocations. "A combination of supply overhang and lacklustre demand continues to exert downward pressure on rents for most industrial property segments," he noted. ( read original story ...)

LVS posts 62pct jump in 2Q profit on Macau, Singapore

The quarterly results were driven by strong performance at its Macau and Singapore subsidiaries, the firm said on Wednesday. The group’s consolidated net revenue increased 18.6 percent to US$3.14 billion. Group-wide consolidated adjusted property ... ( read original story ...)

UOB reports 5.5% rise in Q2 net profit

SINGAPORE - UOB Group reported net profit of S$845 million in the second quarter of 2017, an increase of 5.5 per cent than a year ago, largely due to growth in net interest income and fee and commission income. For the first half of 2017, net profit came ... ( read original story ...)

Japan to hike tariffs on frozen beef imports from U.S., others

TOKYO/SINGAPORE (Reuters) - Japan's Ministry of Finance (MOF) said on Friday the country will raise tariffs on frozen beef imports from the United States and other countries from August to protect domestic producers. Tariffs on frozen beef will jump to 50 ... ( read original story ...)

Fullerton Family Package – Perfect for a quick getaway!

The building housed services and organisations such as the General Post Office, the Exchange, the Singapore Club, the Marine Department and the Import and Export Department. One of the most prominent things to remember about the Fullerton hotel is that ... ( read original story ...)

54-year-old caught smuggling foreign currency in rectum

The Sri Lankan passenger who attempted the smuggling was found to be from Negombo, and was bound to Singapore via Mumbai aboard the aircraft bearing the number 9W251, when he was intercepted by Customs officers at the departure terminal, Media Spokesperson ... ( read original story ...)

Carpenter nabbed with forex worth Rs.14mn in his rectum

... Mirror BIA Deputy Customs Director Parakrama Basnayake said the suspect was arrested after a tip off to the customs. He was bound to Singapore via Mumbai by flight 9W251. During the inquiry the suspect was identified as a carpenter from Negombo area. ( read original story ...)