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Category: BUSINESS

Posted on 15/11/2024

Travellers fined nearly $3.5m for tax evasion: Branded bags, jewellery, Labubu among undeclared items

From January to October this year, 13,099 travellers were caught across Singapore's air, land and sea checkpoints for evading Goods and Services Tax (GST) payments. A total of $3,471,043 in fines was ...

Posted on 15/11/2024

The Big Read: Can a higher carbon tax lead Singapore to the promised green land?

From oil majors to gencos and customers, everyone will be impacted by the rise in carbon taxes, but Singapore has to be prepared to do what it takes to reduce emissions and invest heavily in ...

Posted on 15/11/2024

Global Crypto Market Surges Past $3 Trillion on Hopes for Trump-Fueled Growth

The global cryptocurrency market has reached over $3 trillion, fueled by optimism surrounding regulatory support under Donald Trump.

Posted on 15/11/2024

Singapore looks to imported green power from Asean neighbours to meet carbon goals

SINGAPORE will increase imports of green electricity from fellow members of the Association of Southeast Asian Nations (Asean) as it seeks to decarbonise its power system to help meet its climate ...

Posted on 15/11/2024

Labubu, luxury bags: More than 13,000 travellers fined more than $3 million over undeclared goods

The bags and accessories, which were intended as gifts, were from brands such as Louis Vuitton, Prada, Yves Saint Laurent, Dior and Balenciaga. There were also Pop Mart toys, including Labubu ...

Posted on 14/11/2024

Scam syndicates sending foreigners to Singapore to cheat retailers like Apple Store, Best Denki

AN EMERGING trend of foreigners being sent to Singapore by syndicates to commit credit card fraud has raised alarm bells, with retailers across the island being targeted and warned. Read more at The ...

Posted on 14/11/2024

Genting Singapore shares slide but analysts upbeat on future profits

Analysts said its financial performance came in below expectations, but still maintained their “buy” call on the stock. Read more at straitstimes.com.

Posted on 14/11/2024

More Singapore firms saw overseas sales growth in 2024: SBF survey

The report of a survey by the Singapore Business Federation (SBF), released on Thursday (Nov 14), said this contributed to a rise in the proportion of businesses with at least two-fifths of sales from ...

Posted on 14/11/2024

IRAS recovers over S$3m from funeral sector in unpaid taxes and penalties since 2019

The Inland Revenue Authority of Singapore (IRAS) started investigations into the funeral industry and its related services - such as rites by religious practitioners, embalming and food catering - ...

Posted on 14/11/2024

Crypto Confidence High Among Singapore Institutional Investors, Sygnum Survey Finds

Institutional investors in Singapore are leading the charge in increasing their crypto allocations, according to Sygnum’s annual Future Finance survey. The report revealed that 57% of Singapore ...

Posted on 14/11/2024

S’pore non-retail investors more likely than global peers to boost crypto holdings in 2025: Poll

More than half, or 57 per cent, of the 121 Singapore-based respondents intend to raise their crypto allocations. Read more at straitstimes.com.

Posted on 14/11/2024

Billionaire’s Singapore firm posts earnings jump

Frasers Property Ltd, the developer controlled by Thai billionaire Charoen Sirivadhanabhakdi, saw full-year earnings rise, led by higher residential contributions from China and Australia.

Posted on 14/11/2024

The US Just Elected Trump As President: What Does It All Mean For Singapore Investors?

For those of us in Singapore, should we be buying crypto or Bitcoin just because of Trump? Honestly? That’s not the best reason to be FOMO buying it right now. We have no idea whether he’s going to ...

Posted on 13/11/2024

Inside The Wild Money Machine Fueling Crypto’s Stupidest Bubble

Most in traditional finance have long considered cryptocurrency a joke. Now legions of young meme coin traders are leaning into the absurdity, translating their financial nihilism into a booming—if ...

Posted on 13/11/2024

South Korean Youtuber Arrested for Allegedly Masterminding $213 Million Crypto Fraud

A South Korean YouTuber and his network allegedly defrauded 15,000 investors out of 300 billion won. The group impersonated government agencies, manipulated markets, and preyed ...

Posted on 13/11/2024

How South Korean police cracked $230M crypto fraud targeting elderly investors

The scam was led by a YouTuber, Mr. A, who promoted false crypto investments to his 620,000 followers ... Mr. A evaded initial police efforts by leaving South Korea through Hong Kong and Singapore ...

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