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Month: December 2024

Posted on 02/12/2024

Man in Singapore fined RM6.7mil for evading duty, GST on 427 motor vehicles imported into Singapore

A 44-year-old man involved in various vehicle businesses has been fined S$1.5 million (RM6.7 million) for fraudulent evasion of duty and goods and services tax (GST) on 427 motor vehicles imported ...

Posted on 02/12/2024

Singapore PMI up 0.2 point in November, echoes improved regional factory activity

SINGAPORE’S overall factory activity rose in November, mirroring a region-wide improvement in manufacturing sentiment. Read more at The Business Times.

Posted on 02/12/2024

Chess: Ding and Gukesh level at 3-3 as world title match in Singapore stays deadlocked

The $2.5mn world championship match in Singapore has turned into a tight contest as China’s Ding Liren, 32, and India’s Gukesh Dommaraju, at 18 the youngest ever challenger, remained level at 3-3 in their 14-game series before Monday’s rest day.

Posted on 02/12/2024

HSBC begins search for successor to chair Tucker; ECB’s chief economist urges focus shift to upcoming risks

Under Tucker’s tenure, HSBC achieved record profits, navigated the Covid-19 pandemic, and resisted a shareholder push for a breakup. He oversaw key changes in leadership, including the controversial ...

Posted on 02/12/2024

Despite divestment news, OCBC keeps SingPost at ‘hold’ pending further clarity on strategic review

"We await further clarity on SingPost's next engine of growth, backed by a stronger balance sheet and greater financial flexibility. Pending this as well as the necessary approvals for the divestment ...

Posted on 02/12/2024

Man fined $1.5m for evading duty, GST on 427 motor vehicles imported into Singapore

Tan was on Jan 2 fined $3.6 million for fraudulent evasion of duty and GST on 983 motor vehicles imported into Singapore between November 2018 and October 2020. The Singapore Customs and LTA said he ...

Posted on 02/12/2024

Car dealership owner fined S$1.5 million for evading duty and tax on 427 imported vehicles

Jason Liang Huan Shuo, the owner of JDM Automobile, was also jailed for underpaying the Additional Registration Fee (ARF) during the registration of the vehicles.

Posted on 02/12/2024

Singapore stocks up 0.3%, tracking strong gains in Asia, with Genting Singapore the top gainer

Genting Singapore was the top gainer on the STI. The counter was up 2 per cent 1.5 cents to 78 cents, with 24 million shares worth $18.6 million traded. OCBC was the top decliner, falling 0.5 per cent ...

Posted on 02/12/2024

JPMorgan Chase Bank faces $1.78m penalty in Singapore for OTC misconduct

This enforcement action follows MAS's review of pricing and disclosure practices in the private banking sector.

Posted on 02/12/2024

Macquarie remains ‘constructive’ on Singapore equities for 2025, sets STI target of 4,000

Heading into 2025, Macquarie has set a Straits Times Index (STI) target of 4,000 based on its bottom-up stock coverage with an expected 5% earnings per share (EPS) growth, according to its Singapore ...

Posted on 02/12/2024

No POFMA issued to Xiaohongshu user claiming to help Chinese secure Singapore residency in 48 hours

An Xiaohongshu account, seemingly operated by an immigration services provider from China, has made a questionable claim that individuals with 1 million yuan in assets or 5 million yuan in savings could secure Singaporean residency,

Posted on 02/12/2024

Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers

Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.

Posted on 02/12/2024

Singapore Seen Facing Harsh Property Curbs If Boom Isn’t Tackled

Singapore authorities may need to add more “aggressive” real estate curbs down the road if they fail to tackle a homebuying frenzy by early next year, Barclays Plc warned. ( read original story ...)

Posted on 02/12/2024

Standard Chartered Singapore Marathon 2024 participant dies, man found with folding knife at church: Singapore live news

A Standard Chartered Marathon 2024 participant has died, and a man was found with a folding knife at a Catholic church More curated and international news updates on Yahoo Singapore.

Posted on 02/12/2024

DBS adopts more conservative stance than market on JS-SEZ but remains optimistic on the partnership

Analysts await the upcoming 11th Malaysia-Singapore Leaders Retreat in Dec; while naming Seatrium, Sembcorp, Mapletree Logistics Trust and Venture Corporation as some near-term beneficiaries.

Posted on 02/12/2024

DBS, Enterprise SG and IMDA look to upskill SMEs in AI

DBS, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority, has launched a strategic public-private partnership which aims to drive wider generative ...

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