The MTT will apply to Singapore-based large multinational enterprises (MNEs) that hold entities in lower-tax foreign jurisdictions. These companies must pay a top-up tax if their entities have an ...
$43M deepfake crypto romance scam leads to arrests of Hong Kong university graduates
Hong Kong authorities have identified a fraud syndicate that used deepfake technology to run a $43 million cryptocurrency romance scam. The operation resulted in the arrest of 27 individuals, ...
Singapore SMEs continued to expand in Q3, except for ICT: OCBC
SINGAPORE - Singapore’s small and medium-sized enterprises (SMEs) extended their growth momentum for a second consecutive quarter, according to the latest OCBC SME Index released on Oct 15.
Dyson layoffs: Singapore needs to find balance between protecting workers, business flexibility, says MOM
In some other countries, unions and employers have a more confrontational relationship, and that makes a country less attractive for companies to invest in, said Senior Minister of State for Manpower ...
Son of Singapore’s Founding PM Lee Says Plans to Demolish Family Home
SINGAPORE (Reuters) - The youngest child of Singapore's founding Prime Minister Lee Kuan Yew said on Tuesday he would apply to demolish the statesman's home in line with his wishes, following the ...
Singapore Seeks to Jail OK Lim for 20 Years for Cheating HSBC
Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on November 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the global energy ...
Sunway bolsters presence in Singapore with latest land buy
Sunway Bhd’s latest acquisition will beef up its presence in the Singapore property market after it secured another piece of land in the city-state. ( read original story ...)
AGC seeks 20 years for OK Lim’s jail term, defence asks for 7 years
LIM Oon Kuin, founder of liquidated oil trader Hin Leong Trading, could be staring at a jail term of 20 years for his three cheating and forgery charges, if prosecution succeeds in persuading the ...
Prosecutors seek 20 years’ jail for Hin Leong oil tycoon OK Lim, 82
Lim Oon Kuin, once lauded as a successful businessman in Singapore's oil trading industry, was plunged into legal troubles after the sudden collapse of Hin Leong Trading in 2020 amid fraud allegations ...
Singapore SMEs extend expansionary momentum in Q3, buoyed by broad-based growth: OCBC
SINGAPORE’S small and medium-sized enterprises (SMEs) extended their growth momentum for a second consecutive quarter in Q3, according to the latest OCBC SME Index released on Tuesday (Oct 15). Read ...
India less export-oriented, would be relatively unaffected by potential US tariff hikes: Fitch
Fitch said higher trade barriers in the wake of the US elections could pose additional challenges for issuers across multiple credit sectors in Asia-Pacific (APAC).
Chevron Singapore gives customers a smarter, more rewarding way to refuel with the launch of the refreshed CaltexGO mobile app
Chevron Singapore, which operates the retail brand Caltex, has announced the launch of the refreshed CaltexGO mobile app, designed to enhance customer convenience and ...
Rainfall recorded over western Singapore on Oct 14 among the highest in over 40 years
The amount corresponds to 80 per cent of Singapore’s average monthly rainfall in October. Read more at straitstimes.com.
Singapore’s CPF Special Account closure for older workers to take place from second half of January
The closure of the CPF Special Account (SA) for members aged 55 and above will take place from the second half of January 2025 onwards, after changes to the CPF Act were passed in Parliament on Oct 14.
Singapore to invest $107m for Active Ageing Centre infrastructure upgrades
The funding will support over 100 existing AACs. Singapore’s Ministry of Health will invest $107m (S$140m) from FY2025 to FY2027 to enhance and expand Active Ageing Centres (AACs) across the country, ...
Singapore still attractive investment location, drew $5.4 billion in first-half commitments: Gan Kim Yong
The minister was responding to a question about MNCs relocating, downsizing, or retrenching workers in Singapore. Read more at straitstimes.com.