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Category: BUSINESS

Posted on 05/11/2024

Crypto giants Coinbase, a16z back $78M PAC to shape 2026 election

Crypto giants Coinbase and Andreessen Horowitz (a16z) have invested heavily in Fairshake, a pro-crypto and bipartisan super PAC gearing up for the 2026 U.S.

Posted on 05/11/2024

Singapore’s central bank sets the stage for global asset tokenization boom

Singapore is priming the world for increased tokenization of financial services. In a recent Monetary Authority of Singapore (MAS) media release, the MAS announced the rollout of Project Guardian, a ...

Posted on 05/11/2024

Singapore’s ex-broker gets 9-month jail sentence for stock manipulation

A former Singaporean stockbroker has been sentenced to nine months in jail for manipulating the Singapore Exchange to gain SGD$255,385 (US$194,000) illegally.

Posted on 04/11/2024

Changi Airport Group loses appeal to have tax break for $270m spent on assets like runways

SINGAPORE - Changi Airport Group (CAG) has lost an appeal to have a tax break for $270m spent on assets over three years. In dismissing the appeal, Justice Choo Han Teck said the assets – two runways ...

Posted on 04/11/2024

Google’s Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

Google Korea CEO Kim Kyung Hoon faced the National Assembly over tax evasion allegations, asserting the company complies with tax laws.

Posted on 04/11/2024

Singapore stocks edge up on eve of US election following regional trend; STI rises 0.5%

On the STI, top gainer Hongkong Land continued to rally, closing up 7.1 per cent at US$4.80. Read more at straitstimes.com.

Posted on 04/11/2024

How one of the tiniest oil markets cost Singapore-based Trafigura $1.5 billion

Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com.

Posted on 04/11/2024

Singapore’s Changi Airport Group loses appeal to have tax break for more than RM893mil spent on assets like runways

SINGAPORE (The Straits Times/ANN): Singapore's Changi Airport Group (CAG) has lost an appeal to have a tax break for S$270 million (RM893 million) spent on assets over three years. In dismissing the ...

Posted on 04/11/2024

Three Arrows Capital (3AC) Crypto Fallout: Zhu Su’s wife sells her S$51M Singapore mansion amid financial turmoil

However, the hedge fund’s fortunes plummeted in 2022 due to a series of poor investment decisions coinciding with a broader downturn in the crypto market. Since the fund’s collapse, Zhu’s situation ...

Posted on 04/11/2024

Crypto platform Gemini clinches in-principle approval in Singapore

Gemini secures in-principle approval from Singapore regulators, marking a significant step in expanding its crypto services in the fast-growing Asian market.

Posted on 04/11/2024

Anchorage Digital Gets MAS License for Crypto Services in Singapore

Anchorage Digital Singapore has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS).

Posted on 04/11/2024

Rise of crypto custody as more financial institutions enter digital asset space

By 2030, tokenised assets could account for about 10 per cent of the world’s gross domestic product (GDP). Read more at The Business Times.

Posted on 04/11/2024

Genting Singapore’s RWS casino chief Andrew MacDonald steps down

He had done so to “pursue personal interests”, said RWS owner Genting Singapore in a bourse filing. Read more at straitstimes.com.

Posted on 03/11/2024

How one of the tiniest oil markets cost Singapore-based Trafigura over $1.5 billion

Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com.

Posted on 03/11/2024

Three Arrows Co-Founder’s Wife Sells High-Value Singapore Home

Evelyn Tao, Zhu Su’s wife, successfully sold a redeveloped luxury home in Singapore, finalizing the transaction by October 2024 amid financial scrutiny.

Posted on 03/11/2024

Crypto fund founder’s wife sells mansion for S$51mil

The wife of Zhu Su, the co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital (3AC), has managed to sell a mansion she owns here for S$51mil (RM168.5mil), despite a court-imposed ...

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