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Category: BUSINESS

Posted on 07/05/2025

Pharma imports to US surged in March as drugmakers look to avoid tariffs

In recent months, drugmakers told Reuters they had taken the unusual step of sending more medicines by air to the U.S. Two of the biggest U.S. drugmakers said on recent investor calls that they had ...

Posted on 07/05/2025

Credit Suisse to pay $511M for helping Americans evade $4B in taxes

The latest plea deal caps a years-long investigation and underscores what federal officials described as a “massive criminal tax evasion scheme.” ...

Posted on 07/05/2025

Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax case involving Singapore accounts

The Swiss bank maintained accounts in Singapore on behalf of US taxpayers who were using offshore accounts to evade taxes and reporting requirements.

Posted on 07/05/2025

Singapore’s sovereign wealth fund hunts for tech startups ‘becoming verbs’ at S.F. conference

Singapore's sovereign wealth fund, GIC, is hosting a two-day event in San Francisco with plenty of famous guests.

Posted on 07/05/2025

DigiPlus incorporates Singapore unit to accelerate global growth

Digital entertainment company DigiPlus Interactive Corp. is poised to advance its global growth with the official incorporation of DigiPlus Global Pte. Ltd. in Singapore.

Posted on 06/05/2025

UBS to Pay $511 Million to Settle Credit Suisse U.S. Tax Case

The Swiss bank, which acquired Credit Suisse in 2023, settled the probe into violations of an agreement with the DOJ over American clients who evaded taxes.

Posted on 06/05/2025

Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case involving Singapore accounts

A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than US$510 million, the US Department of Justice said on Monday.

Posted on 06/05/2025

Singapore’s Grab taps Solana DePIN project Natix to ‘reshape mapping’

Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s DePIN, to cooperate on mapping and autonomous driving technologies.

Posted on 06/05/2025

BTSE Cares Foundation & Singapore Football Club Renew Winning Partnership

BTSE Cares Foundation, a charitable foundation backed by BTSE, a world-leading cryptocurrency exchange, is proud to announce the extension of its partnership with Singapore Football Club (SFC), ...

Posted on 06/05/2025

Singapore stocks end higher on Monday; STI up 0.2%

SINGAPORE] Stocks in Singapore ended higher on Monday (May 5), tracking Friday’s gains on Wall Street. Read more at The Business Times.

Posted on 06/05/2025

Enterprise Singapore launches new one-stop Sustainability Hub website for SMEs

SINGAPORE] Enterprise Singapore (EnterpriseSG) launched the new SME Sustainability Hub on Tuesday (May 6), a website that aims to help small and medium-sized enterprises (SMEs) access information on ...

Posted on 06/05/2025

Credit Suisse to pay $658 million in US tax evasion case involving Singapore accounts

Swiss bank maintained accounts in Singapore on behalf of US taxpayers using offshore accounts to evade taxes. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 06/05/2025

Why a US-listed video game firm is paying a premium for a Singapore-based tech products distributor

SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution ...

Posted on 06/05/2025

Singapore entities will be able to list product carbon data aligned with global methodology

SINGAPORE] Businesses and organisations in Singapore can now list product carbon footprints based on global standards with the Singapore Emission Factors Registry. Read more at The Business Times.

Posted on 06/05/2025

Singapore dollar closes in on 10-year high as Trump tariff turmoil saps US dollar dominance

Singdollar was trading at 1.2964 per US dollar at 9.30 am local time on May 6, up 4.6 per cent to date in 2025. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 06/05/2025

Trump’s crypto ventures complicate path for stablecoin legislation as Democrats revolt

Democrats are putting up new resistance to crypto legislation prioritized by the Trump administration as some object to the involvement of the Trump family in that industry as well as a host of other ...

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