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Category: BUSINESS

Posted on 28/02/2024

Woman who bought luxury car, goods after $5.6m in crypto goes missing from exchange charged

SINGAPORE - A woman who was sued by a crypto exchange over her alleged misappropriation of US$4.2 million (S$5.6 million) worth of crypto has been charged in court. Singaporean Ho Kai Xin, who was ...

Posted on 28/02/2024

Here’s How 10 APAC Markets Are Approaching Crypto Regulation

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse ...

Posted on 28/02/2024

The case for an Exim bank for Singapore

Amid a challenging global trade environment, Singapore should consider establishing a dedicated export promotion agency. Read more at straitstimes.com.

Posted on 28/02/2024

Southeast Asia lays the groundwork to become crypto, blockchain, AI hub

The Southeast Asia region was highly represented in Chainalysis’s 2023 global crypto adoption index, with countries such as Vietnam, the Philippines and Thailand on the brink of a crypto revolution.

Posted on 28/02/2024

Singapore foreign interference law: Who will it affect?

For decades, global business hub Singapore has lauded itself as one of the world's most open economies. But the Southeast Asian country's new foreign interference law could taint its liberal image.

Posted on 27/02/2024

Hong Kong prepares sweeping rules to foil stealthy crypto purchases

Officials estimate 450 shops, ATMs and websites in Hong Kong offer crypto trades. Read more at straitstimes.com.

Posted on 27/02/2024

How Singapore NRIs can navigate DTAA hurdle on capital gains tax

Singapore does not levy any tax on capital gains; NRIs there, however, have to pay tax in India and file for refunds.

Posted on 27/02/2024

Singapore Remittance Firm Hits Back at Regulator, Denies Fraud

A Singapore remittance company is hitting back against the ... Samlit Moneychanger Pte categorically rejects that it carried on any business for any fraudulent purpose and “any claims to such effect ...

Posted on 26/02/2024

An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry’s tug-of-war with regulators

Anchorage Digital, the only federally chartered crypto bank backed by some of the biggest names in finance, is wrestling with regulatory scrutiny.

Posted on 26/02/2024

Water-stressed Singapore taps into water solutions

The country’s innovations have attracted the attention of other water-scarce nations, with climate change expected to exacerbate water insecurity.

Posted on 26/02/2024

Singapore middle distillates stocks fall as diesel/gasoil net exports rise

Singapore's middle distillates stockpiles slipped week-on-week as net exports of diesel/gasoil rose, official data showed on Thursday.Inventories of diesel/gasoil and jet fuel/kerosene at key oil ...

Posted on 26/02/2024

Singapore shares begin week in the red amid profit-taking; STI down 0.4%

Across the broader market, decliners outnumbered advancers 325 to 241, with 1.8 billion securities traded. Read more at straitstimes.com.

Posted on 26/02/2024

Hotels, flights booked out as ‘Swift effect’ hits Singapore

The "Swift effect" is about to hit Southeast Asia but Singapore has left some of its neighbours seeing red while it profits from a Taylor-made tourism boom as the star's only stop in the region.

Posted on 26/02/2024

Experts warn of delays to Indonesian electricity exports to Singapore

Experts have warned that Indonesia could face delays in realizing its exports with consequences weighing more on itself rather than its counterparts in Singapore. “From the start, I saw this would be ...

Posted on 26/02/2024

Taylor Swift’s six shows estimated to boost Singapore’s economy by up to S$500 million

Find out more about subscription packages here. POP star Taylor Swift’s six concerts in March could boost Singapore’s economy by up to S$500 million in tourism receipts, according to economists’ ...

Posted on 25/02/2024

Rats in Singapore: 2 can become 2 million in 2 years if there is no intervention

Rats regularly make headlines here, with rodent infestations presenting a complex problem which needs a multi-faceted approach. Read more at straitstimes.com.

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