ED imposes Rs 100 crore fine on StanChart for FEMA breach. The investigation under FEMA was taken up by ED based on a reference received from RBI to investigate advance remittances received by certain ... ( read original story ...)
TikTok owner plans to spend billions in Singapore after US ban
ByteDance, the Chinese owner of video-sharing app TikTok, is planning to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter ... ( read original story ...)
British insurer Aviva to sell Singapore business for $1.98 billion
British life, motor and home insurer Aviva said on Friday it will sell its majority shareholding in its Singapore business to a consortium led by Singapore Life for S$2.7 billion ($1.98 billion), as ... ( read original story ...)
Singapore glass technology company sets up shop in Columbus
A Singapore company is moving to Columbus to find its niche in the emerging "smart glass" industry. A Singapore company is moving to Columbus with the goal of transforming the eme ... ( read original story ...)
86 new COVID-19 cases in Singapore, including 13 imported infections
SINGAPORE: Singapore reported 86 new COVID-19 cases as of noon on Friday (Sep 11), with no community infections, said the Ministry of Health ... ( read original story ...)
ED slaps Rs 100 cr ban on Standard Chartered Bank for FEMA violations
The Enforcement Directorate (ED) said on Friday that the Standard Chartered Bank has been fined Rs 100 crore by its Adjudicating Authority under the Foreign Exchange Management Act, 1999 (FEMA). ( read original story ...)
Tesla plans to export China-made Model 3s to Europe, Asia, report says
Tesla plans to ship cars made at its Shanghai plant to other markets in Europe and Asia, according to people familiar with the matter. China-built Tesla Model 3s intended for delivery outside the ... ( read original story ...)
Kaplan and EduSpaze Come Together to Support Edtech Startups in Singapore
The two organisations will collaborate to provide over 20 Singapore-based edtech startups an opportunity to learn about innovative edtech solutions that can help them with various business aspects and ... ( read original story ...)
TikTok Owner ByteDance to Invest Billions in Singapore Over Three Years: Source
TikTok owner ByteDance plans to invest billions of dollars and recruit hundreds of employees in Singapore after opting to base its Southeast Asia regional headquarters there, a person familiar with ... ( read original story ...)
Tesla intends to export China-made Model 3s to Europe, report says
China-built Tesla Model 3s intended for delivery outside the country will likely start mass production in the fourth quarter, the people said, asking not to be identified because the details are ... ( read original story ...)
Is Covid-19 fueling the ecommerce surge in Singapore?
While Covid-19 has caused major disruptions in Singapore, many ecommerce players in the country stand to benefit. The sector received a surge in transactions for both essential and discretionary items ... ( read original story ...)
EXCLUSIVE-Ant’s mega IPO draws interest from Singapore investor Temasek – sources
Singapore state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese financial technology company Ant Group, which could be the world's biggest IPO, ... ( read original story ...)
EXCLUSIVE-Singapore state investor Temasek considering investing in Ant IPO – sources
Singapore state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese financial technology company Ant Group, which could be the world's biggest IPO, ... ( read original story ...)
German logistics firm DB Schenker to add over 250 positions in Singapore as it expands footprint
German logistics firm DB Schenker will be adding 251 positions here as part of its expansion plans in Singapore.. Read more at straitstimes.com. ( read original story ...)
Coronavirus latest: Singapore, Japan to resume business travel; Philippines eases distancing rules
“There have been great business needs for travel between Japan and Singapore, such as in areas of finance and logistics,” he said Japan’s Motegi kicks off Asean tour by meeting Singapore’s Lee Hsien ... ( read original story ...)
Bytedance to invest billions into Singapore: report
Bytedance is planning to invest several billion dollars in Singapore over the next three years and make the city-state its beachhead for the rest of Asia. ( read original story ...)