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Category: BUSINESS

Posted on 03/04/2024

BNP Paribas to Cut Space in Singapore Tower as High Rents Bite

BNP Paribas SA is set to give up space in a prime office tower in Singapore amid rising commercial rent in the financial hub, according to people familiar with the matter.

Posted on 03/04/2024

Singapore must not view residents, foreigners as ‘a zero-sum game and draw divides’ :Tan See Leng

So we must not view residents and foreigners as a zero-sum game and continue to draw divides,” Tan said in Parliament on Tuesday.  “Thriving businesses with access to complementary foreign talent will ...

Posted on 03/04/2024

Framework to help emitters cope with carbon tax delayed, details could take a year: Tan See Leng

SINGAPORE – A framework meant to help carbon tax-liable firms cope with the higher tax rate that kicked in from 2024 is still in the works. Read more at straitstimes.com.

Posted on 03/04/2024

‘Singapore Solution’ tax scam: Swiss executive spared jail time

Daniel Walchli, 56, pleaded guilty last year to a single count of conspiracy to defraud the US for his role in setting up a structure for American clients of Privatbank IHAG to evade scrutiny by tax ...

Posted on 03/04/2024

Singapore’s Feb exports down 0.1% y/y, below forecast

SINGAPORE: Singapore’s non-oil domestic exports fell unexpectedly by 0.1% in February from the same month a year earlier, slowing during the Lunar New Year period, official data showed on Monday. Last ...

Posted on 03/04/2024

Singapore shares dip at Wednesday’s open—STI dropped by 0.7%

SINGAPORE: Singapore shares dipped at Wednesday’s open, mirroring overnight declines on Wall Street. The decline... The post Singapore shares dip at Wednesday’s open—STI dropped by 0.7% appeared first ...

Posted on 03/04/2024

Swiss banker gets no prison in ‘Singapore Solution’ tax scam

He took part in a scheme to help wealthy US clients hide more than US$60 million in assets. Read more at straitstimes.com.

Posted on 03/04/2024

Public companies are Isetan (Singapore) Limited’s (SGX:I15) biggest owners and were rewarded after market cap rose by S$172m last week

Key Insights The considerable ownership by public companies in Isetan (Singapore) indicates that they collectively ...

Posted on 03/04/2024

Singapore hotelier makes room for stays that help with biodiversity

CEO Choe Peng Sum also aims to move Pan Pacific Hotels Group's properties closer to being zero-energy. Read more at straitstimes.com.

Posted on 03/04/2024

Singapore fortifies crypto regulations to lead the global marketplace

Singapore has made progress in its regulatory framework for the engaging cryptocurrency industry, evidenced by its changes to its offense of payment services that involve custody of digital assets and ...

Posted on 02/04/2024

Singapore to prescribe list of regulatory fees not subject to GST; remaining fees to be taxed after 2025

SINGAPORE will prescribe a list of government fees that will not be subject to the goods and services tax (GST), with ...

Posted on 02/04/2024

Singapore expands crypto rules, now covers custody and payments

Singapore's financial regulator has released an expansion to its crypto framework. It will now oversee rules on custody and payments.

Posted on 02/04/2024

Singapore Imposes Licencing Requirement On Crypto Custody Services

Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services. The Monetary Authority of Singapore (MAS) has announced that it will now regulate ...

Posted on 02/04/2024

Singapore Expands Digital Asset Regulation To Include Token Custody And Fund Transfers

In a move to further regulate the digital asset industry, Singapore has broadened its regulatory framework to encompass the custody of tokens and additional firms involved in fund transfers. What ...

Posted on 02/04/2024

Singapore Expands Payment Services Act To Include Crypto Custody, Transfers

Singapore was among the jurisdictions that established regulations for the cryptocurrency industry utilizing a consultative approach that crypto observers lauded. It is known as a digital asset hub ...

Posted on 02/04/2024

Singapore Updates Crypto Laws for Enhanced Safety

Singapore's MAS tightens regulations on the crypto sector, expanding oversight to cover digital payment tokens and strengthening user protection.

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