Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles in a bid to strengthen its position as a leading crypto financial hub.
Amazon invested $2 billion in Singapore in 2023
SINGAPORE - Amazon invested $2 billion across its retail and cloud businesses in Singapore in 2023. The capital injection covers infrastructure upgrades to its fulfilment centres, delivery stations ...
Manufacturing and export growth bolster Singapore corporates
Corporate debt servicing capabilities are expected to remain resilient, says MAS. Singapore corporates benefitted from the growth in the manufacturing and export activities as well as less restrictive ...
I set up a business where I got paid to play Dungeons & Dragons. We now run 180 games a month at our main studio, and I’m living the nerdworld dream.
Farez Najid found a way to make a living as a professional Dungeons & Dragons dungeon master. He now runs multiple studios and a training program.
Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs
Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two ...
MGen’s PacificLight allots $900 million, to bid for 600-MW Singapore plant
PacificLight Power Pte. Ltd., controlled by Meralco PowerGen Corp. (MGen), plans to spend around $900 million to double its capacity, aiming to be a leading energy supplier here in the island country.
Business in SG looking to hire head of AI, proper frameworks still a barrier
Business leaders capable of effectively tracking and measuring the impact of AI are much more likely to see tangible business benefits emerge on both company and employee levels. However, measuring ...
Singapore trader pleads not guilty to US$1.1bil nickel scam-fraud that has rocked the business community
An ex-accountant accused of running a billion-dollar nickel scam that rocked Singapore’s business community pleaded not guilty on Tuesday to 42 charges including fraud and money laundering.
Singapore Gulf Bank plans $50m funding to acquire stablecoin payments firm
Singapore Gulf Bank to acquire a stablecoin firm, fund growth, and prepare for a Q1 2025 equity sale, backed by Bahrain Mumtalakat and Whampoa Group.
Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition
The crypto-friendly digital bank Singapore Gulf Bank is reportedly looking for a fund injection of at least $50 million as it plans to acquire a stablecoin payments company in 2025. On Nov. 25, ...
Singapore Gulf Bank plans stablecoin acquisition after seeking the funding of $50M
Singapore Gulf Bank is seeking a $50 million funding round next year and plans to buy a stablecoin payments company. Licensed in Bahrain since February, the bank was set up by the Singapore family ...
Singapore is one of the most popular business locations for world’s wealthiest entrepreneurs: HSBC
The report revealed that Singapore is the most popular destination for those considering a personal move abroad (9%), with the strongest interest from entrepreneurs in Hong Kong (19%), Taiwan (16%) ...
Singapore, Hong Kong among best Asian markets for investment and business: HSBC report
Singapore is the top destination for wealthy entrepreneurs to relocate, while Hong Kong fails to make the top 10.
Singapore civil servants to get 1.05-months year-end bonus, up from last year’s 0.6-month
Taken together with the 0.45-month mid-year payment announced in June, civil servants will receive a total of 1.5 months in bonuses for the full year, with those in the more junior grades acquiring ...
China issues extra crude oil import quota to independent refineries, sources say
China has issued an additional crude oil import quota of at least 5.84 million metric tons (116,800 barrels per day) to independent refiners for cargoes arriving by end-2024 and in early 2025, people ...
Why are retail investors shunning Singapore stocks? Have your say in Sias survey
The Securities Investors Association (Singapore), or Sias, and financial insights platform Beansprout on Nov 21 released a survey targeting retail investors. The survey questions delve into why ...