Sean, a limited partner investor who requested a pseudonym due to ties with Temasek, told Rest of World he used his FTX account as his “piggy bank,” piling in ...
Singapore banks tighten checks on China-born clients with other citizenships amid money laundering probe
Banks in Singapore are tightening checks on China-born clients with other passports after a multibillion money laundering crackdown in the country.
Foodpanda could be sold in Singapore and other markets; report cites Grab as potential buyer
GERMANY-BASED Delivery Hero is in talks for a potential sale of its Foodpanda business in Singapore and six other South-east Asian markets. A media report had cited Grab as a potential buyer. Read ...
Singapore retail supply to hit around 2.7m sq ft until 2027
This translates to a yearly average of 547,000 sq ft. According to Savills estimates, Singapore’s new retail supply in the next five years from 2023 to 2027 is about 2.7 million sq ft, working out to ...
Academic Labs Leverages AI and Crypto to Make Quality Education Accessible Globally
Academic Labs, an emerging player in the global edtech space, has announced the official launch of its new online learning platform that leverages artificial intelligence (AI) and blockchain ...
Ex-Singapore Idol judge Ken Lim gets fresh charge of insulting woman’s modesty while discussing music career
Lim is defended by lawyers from WongPartnership, comprising Senior Counsel Tan Chee Meng, Mr Paul Loy and Mr Calvin Ong. In a statement to CNA after Wednesday's court mention, they said their client ...
Monetary Authority of Singapore releases details of high-profile actions against errant crypto firms
Singapore’s central bank, Monetary Authority of Singapore (MAS), has issued its fourth enforcement report, outlining actions taken against firms like Three Arrows Capital, which did not have a ...
Singapore court orders Credit Suisse unit to pay Georgia ex-PM Ivanishvili US$743 million
A SINGAPORE court on Tuesday (Sep 19) ordered a unit of Credit Suisse to pay Georgian billionaire and ex-prime minister Bidzina Ivanishvili US$743 million for failing in its duty to safeguard his ...
Unclear whether bumper tax collections can continue amid gloomy economic outlook: Chee Hong Tat
There is some lag time in the way tax revenue tracks economic performance, he said. Read more at straitstimes.com.
Tax Incentive Requirements for Family Offices in Singapore
Under Section 13D of the Income Tax Act, an offshore fund managed by a Singapore-based fund manager will be exempt from tax on income if the fund is a ‘prescribed person’. To qualify as a ‘prescribed ...
Singapore shares fall 0.7% as cautious investors await Fed’s next move
The Straits Times Index fell 22.64 points to close at 3,240.75 points on Tuesday. Read more at straitstimes.com.
Chee Hong Tat on tax revenue and cost-of-living assistance
Singapore’s tax revenue collections have grown broadly in line with GDP. Higher tax revenue in Financial Year 2022 compared to the previous year was due to the country’s economic recovery after the ...
As Singapore’s soaraway rental boom cools, Hong Kong rents start to heat up
The contrast between two of Asia’s prime financial hubs underscores Hong Kong’s path to recovery from the pandemic as Singapore’s policy measures to tackle soaring property prices start to bite.
Returns At Isetan (Singapore) (SGX:I15) Are On The Way Up
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few ...
Singapore’s key exports plunge by 20.1% in August
Singapore's non-oil domestic exports (NODX) contracted for the 11th consecutive month in August, falling by 20.1%, with both electronics and non-electronics seeing a decline.
Despite strong business confidence, survey finds 3 key challenges for employers in Singapore
“Feedback from our member companies highlighted three key challenges – availability of talent, retention of talent, and the cost of doing business in Singapore,” said the spokesperson. “It’s worth noting that these talent retention issues are not unique to foreign-owned businesses.”