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Category: BUSINESS

Posted on 30/08/2024

Singapore, a hub for smuggled SA rhino horn, elevates wildlife trafficking to ‘serious offence’

Wildlife trafficking is now a "serious offence" under Singapore's organised crime law, the city-state's interior ministry has said, with those prosecuted under the code subject to sentences of up to ...

Posted on 30/08/2024

Economics tutor jailed five weeks, ordered to pay S$72,770 in penalties for tax evasion

AFTER being found guilty of underreporting the sales and profits of his tuition centre, and his income taxes, an economics tutor was sentenced to five weeks’ jail and ordered to pay S$72,770.79 in ...

Posted on 30/08/2024

Hacked crypto exchange WazirX in talks with 11 global exchanges for capital infusion; signed NDAs with three

WazirX founder and CEO Nischal Shetty in an affidavit with a Singapore Court said that the hacked exchange’s parent entity Zettai is currently in different stages of talks with 11 global crypto ...

Posted on 30/08/2024

Singapore ranks first globally in crypto adoption

Singapore has secured the top spot globally in crypto adoption this year, thanks to high scores in technology and regulatory environment, according to a recent study. The country scores 9.5 over 10 in ...

Posted on 30/08/2024

Plan to send Vietnamese offshore wind power to Singapore progresses

Singapore wants to import up to 4GW of clean power from neighbours by 2035, as lack of available land in city-state hinders its own renewable energy build out ...

Posted on 30/08/2024

Singapore stocks rose on Friday—STI climbed 0.4%

SINGAPORE: Singapore stocks rose on Friday, Aug 30, buoyed by mixed performances in the US and gains in Europe. The Straits Times Index (STI) climbed 13.54 points, or 0.4%, reaching 3,418.01 by 9:03 ...

Posted on 30/08/2024

Nomura plans to add bankers in Dubai, Hong Kong and Singapore

Nomura Holdings Inc plans to hire more wealth management bankers in Dubai, Hong Kong and Singapore - part of a huge push it is making to boost wealth assets outside of Japan to $35 billion by next ...

Posted on 30/08/2024

Online retailers turn to vending machines to boost sales, market themselves in Singapore

In recent years, vending machines selling everything from fresh flowers to pet food have popped up across the island. Read more at straitstimes.com.

Posted on 30/08/2024

‘Won’t cancel just because of this’: Singapore travellers go ahead with KL trips despite sinkhole concerns

The Kuala Lumpur Tourism Association says the incident has no effect on tourism but two hotels say they have had cancellations.

Posted on 30/08/2024

$12.1M fraud suspect with ‘new face’ arrested, crypto scam boiler rooms busted: Asia Express

South Korean manhunt ends as suspect caught with brand new $15K face South Korean police have apprehended 14 individuals involved in a fraudulent crypto mining scheme that pocketed 16 billion Korean ...

Posted on 30/08/2024

It’s A Crypto Election But Institutional Investors Have Already Voted

percent of global institutional investors surveyed believe investment opportunities in the crypto and digital assets sector are attractive over the next five years.

Posted on 30/08/2024

China’s ex-convict jailed six years in Singapore for S$6.7M crypto scam

SINGAPORE: Yang Bin (杨斌), a Jiangsu-born Dutch national and once China’s second-richest man, was sentenced to six years in prison and fined S$16,000 (US$12,284) on Monday (26 August) for orchestrating ...

Posted on 29/08/2024

Number of Crypto Millionaires Doubled to 172,300 Over the Last Year, Study Finds

The U.S. ranked fourth in Henley & Partners’ analysis of global crypto hubs, which takes into account regulation, infrastructure adoption, technology prowess, and tax-friendliness, among other factors ...

Posted on 29/08/2024

Singapore Business Federation partners with UOB, Rajah & Tann, and RSM to boost ASEAN expansion for local companies

SINGAPORE: In a significant move to drive local business expansion across Southeast Asia, the Singapore Business Federation (SBF) has formed a strategic partnership with UOB, Rajah & Tann, and RSM ...

Posted on 29/08/2024

WazirX Submits Moratorium Application To Singapore Court After $230 Crypto Heist: Report

Wazir X, the India-based Crypto exchange, has filed an application with a Singapore court seeking a moratorium after its $230 million crypto heist last month. This is as per Inc42 Wazir X's Parent ...

Posted on 29/08/2024

Crypto.com, Standard Chartered partner for global fiat services

Crypto.com, a cryptocurrency exchange based in Singapore, has launched new global retail services in partnership with Standard Chartered Bank to offer customers USD, EUR, and AED options. According to ...

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