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Category: BUSINESS

Posted on 12/10/2023

ITAT holds Singapore’s tax residency certificate as proof for tax treaty eligibility

The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has ruled in favor of The Golden State Capital Pte Ltd, a Singapore entity, stating that it is eligible for treaty benefits and therefore ...

Posted on 12/10/2023

Ex-F1 boss Bernie Ecclestone to pay over US$800 million after withholding Singapore assets in UK tax fraud

The 92-year-old billionaire and former Formula One boss has agreed to pay the huge sum, prosecutors said, weeks before he was due to stand trial Ecclestone was charged with failing to declare an ...

Posted on 12/10/2023

Former F1 boss Bernie Ecclestone admits tax fraud

Former Formula One chief Bernie Ecclestone pleaded guilty to a charge of fraud at a London Court. The charge relates to an offshore trust fund the 92-year-old failed to declare to the UK tax ...

Posted on 12/10/2023

Bernie Ecclestone pleads guilty to tax fraud over £400m trust fund

Bernie Ecclestone admitted tax evasion this morning after failing to declare £400 million hidden in a Singapore financial trust.The Formula One tycoon was due to stand trial next month but made a ...

Posted on 12/10/2023

Singapore’s middle distillate stocks drawn for first time in 3 weeks

Singapore's middle distillates stocks fell for the first time in three weeks, tracking robust net exports of jet fuel/kerosene though a dip in net exports of gasoil limited overall draws, official ...

Posted on 12/10/2023

Singapore-Thailand economic relations are substantial; bilateral trade reaches S$42.1 billion in 2022: PM Lee

SINGAPORE and Thailand have a “very substantive” relationship with strong economic, defence and people-to-people links, said Prime Minister Lee Hsien Loong at the Istana on Thursday (Oct 12). Read ...

Posted on 12/10/2023

The mystery of the Adani coal imports that quietly doubled in value

Analysis of customs records suggests Indian conglomerate has been inflating fuel costs using offshore middlemen ...

Posted on 12/10/2023

Singapore leading net-zero efforts in Asean, followed by Vietnam, Thailand: SEAS survey

Singapore is leading in efforts to drive net zero, followed by Vietnam and Thailand, say 150 industry leaders surveyed by the Sustainable Energy Association of Singapore (SEAS).

Posted on 12/10/2023

Well-being: The hidden cost of success for entrepreneurs in Singapore

In chasing success, many business owners are prone to neglecting their own well-being, prioritising their bottom line.

Posted on 12/10/2023

Coinbase’s MPI License: A Game-Changer For Crypto In Singapore, But A Challenge For Competitors

Coinbase, the largest cryptocurrency exchange in the US, has recently obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), the country’s central bank and ...

Posted on 12/10/2023

Palestinian terrorists behind Israel attack raised nearly $100M in crypto

Palestinian Islamic Jahid (PIJ) and its Lebanese ally, Hezbollah, have collectively received over $134 million in ...

Posted on 12/10/2023

Singapore Secures Historic Cross-Border Electricity Contract with Indonesia

A Milestone for Singapore’s Green Energy Goals Singapore has recently celebrated a significant victory in its pursuit of greener energy. The city-state received conditional approvals for five projects ...

Posted on 12/10/2023

Debunking three french food myths in Singapore

Whenever one thinks of French food, it conjures images of fancy, elaborate and overly rich dishes served in upscale, fine-dining restaurants in Singapore. But how true is this? Yahoo Southeast Asia ...

Posted on 11/10/2023

In Singapore, crypto firm co-founder, 26, charged with taking S$270,400 from investors, making false robbery report

Two 26-year-olds were charged in court today over allegedly making a false police report about a robbery of S$270,400 in cash at Pasir Ris Park ...

Posted on 11/10/2023

Revealed: Liquidator’s report led to Three Arrows Capital founder’s arrest at Singapore Airport

Zhu Su, the founding executive of the renowned cryptocurrency hedge fund Three Arrows Capital, who was arrested at Singapore Changi Airport, was reported to the police by the consulting firm Teneo.

Posted on 11/10/2023

Analysis-China Saves Billions of Dollars From Record Sanctioned Oil Imports

For imports of Venezuelan oil, mostly heavy grade Merey, China saved an average of $10 a barrel versus comparable Colombian Castilla crude, the calculations based on the trader data showed. The ...

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