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Category: BUSINESS

Posted on 21/03/2025

Two men fined more than S$1mil each for skirting duties on 15,820 bottles of alcohol

SINGAPORE: Two men schemed to avoid the payment of duties on alcohol meant for export by removing some bottles from shipping containers and replacing them with cheaper beer.

Posted on 21/03/2025

Singapore oil trader jailed for facilitating commercial fuel export to North Korea

The oil broker, Justin Low Eng Yeow, later agreed to help procure gasoil, a type of commercial fuel, for another client in a deal that Kwek Kee Seng, the ship agent, had brokered. Both Low, 56, and ...

Posted on 21/03/2025

Three-quarters of senior execs in Singapore flag worries about financial crime risks in 2025: Report

Cyber-security threats and the use of AI will fuel the next wave of financial crime, said survey. Read more at straitstimes.com.

Posted on 21/03/2025

Singapore demands urgent action from businesses on climate transition, driven by politics, economics, and nature

SINGAPORE: As the world faces increasingly severe climate disruptions and the inevitability of stringent carbon regulations, businesses are being urged to proac ...

Posted on 21/03/2025

Three quarters of senior executives in Singapore flag worries about financial crime risks in 2025: Report

Cybersecurity threats and the use of AI will fuel the next wave of financial crime. Read more at straitstimes.com.

Posted on 20/03/2025

China’s Jan, Feb fuel oil imports slump as taxes, costs slow demand

China's fuel oil imports rose 6.8% in the first two months of 2025 from the same period last year, data showed on Thursday, as traders rushed to deliver the shipments booked ahead of an increase in ...

Posted on 20/03/2025

‘Serious flight risk’: David Yong from Netflix’s Super Rich In Korea fails in third bid to leave Singapore

David Yong applied for a third time to leave the country on business matters after his lawyers submitted evidence on the whereabouts of his Cambodian passport.

Posted on 20/03/2025

3 brands & 20+ outlets: How Singapore’s Yoga Movement plans to build a global fitness empire

They didn’t have any “extravagant biz plan,” but now, Yoga Movement’s founders run 3 brands and over 20 outlets in Singapore.

Posted on 20/03/2025

Singapore’s capital market research scene trapped in ‘chicken-and-egg’ situation: DBS’ Han Kwee Juan

SINGAPORE] Capital markets in Singapore might be sluggish due partly to a lack of research capabilities – but market activity itself is needed to support such research, said Han Kwee Juan, group ...

Posted on 20/03/2025

People are selling Singapore Airlines miles online. Here’s what the airline says about that

Buying and selling airline miles isn’t illegal, but it often violates the terms of frequent flyer programs like KrisFlyer, Singapore Airlines’ loyalty program.

Posted on 20/03/2025

Partnership between govt and business community ‘more important than before’: PM Wong

The external environment, noted PM Wong, has become turbulent, volatile and dangerous. Read more at straitstimes.com.

Posted on 19/03/2025

Got an e-mail to review your taxes? It might be scammers impersonating Iras

The e-mail states that taxpayers who fail to respond within five working days may be penalised. Read more at straitstimes.com.

Posted on 19/03/2025

Singapore government will take industry feedback seriously as business ties grow more important: PM Wong

SINGAPORE] Businesses’ feedback on needs and challenges will be taken seriously, as the government’s relationship with industry becomes increasingly important in Singapore’s next growth phase, said ...

Posted on 19/03/2025

Siemens’ new Singapore factory on track despite move to cut 6,000 jobs globally

SINGAPORE] The impact of Siemens’ global job cuts on its Singapore workforce cannot be determined yet, as the German industrial giant is still deciding how the layoffs will be made across different ...

Posted on 19/03/2025

Cumberland SG Expands in Singapore After MAS Greenlight

Cumberland SG gets in-principle clearance from MAS, bringing it closer to offering regulated cryptocurrency services in Singapore.

Posted on 19/03/2025

Many women in Singapore aspire to become entrepreneurs, but confidence and caregiving duties remain key barriers

SINGAPORE: A growing number of women in Singapore are considering entrepreneurship, yet a significant portion remains doubtful about their ability to launch a ...

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