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Category: BUSINESS

Posted on 07/08/2023

OPNX exchange bids for crypto lender Hodlnaut in Singapore

If approved by the creditors, OPNX would own 75% of Hodlnaut after the infusion of capital. Creditors would receive 30% of their claims in FLEX and other tokens, or a pro-rata payment of up to 95% of ...

Posted on 06/08/2023

OPNX exchange touted by Three Arrows founders bids for ailing crypto lender Hodlnaut

FLEX is associated with the CoinFLEX exchange, whose founders Mark Lamb and Sudhu Arumugam started OPNX this year. FLEX has a market value of about US$729 million and trading volume of just US$143,000 ...

Posted on 05/08/2023

Singapore interested in sealing trade accord with Mercosur and in the Port of Santos concession

“In November, we will be in Singapore with Brazil Export and we will see in situ the entire structure and functioning of the port. I also intend to have a bilateral agenda with the ministers of ...

Posted on 05/08/2023

Delaying GST hike will ‘store up more problems’ for Singapore: DPM Wong

GST will increase to 9% on 1 January 2024. Deferring the GST increase in 2024 will “only store up more problems” for Singapore in the future, Deputy Prime Minister Lawrence Wong said. Wong said this ...

Posted on 04/08/2023

George Goh submits eligibility papers for Singapore Presidential Election, says 5 firms he heads have shareholders’ equity of over S$1.5b

After submitting his application for a certificate of eligibility to contest the coming Presidential Election, Harvey Norman Ossia founder George Goh ...

Posted on 04/08/2023

Presidential hopeful Ng Kok Song submits forms, stresses importance of Singapore’s reserves

Presidential hopeful Ng Kok Song has submitted his application for a certificate of eligibility to contest the upcoming presidential election.

Posted on 04/08/2023

Singapore’s competition watchdog looking into Grab’s proposed takeover of Trans-Cab: Alvin Tan

SINGAPORE’S competition watchdog is looking into Grab’s proposed takeover of Trans-Cab, Minister of State for Trade and Industry Alvin Tan told Parliament on Thursday (Aug 3). Read more at The ...

Posted on 03/08/2023

The gist: New tax for large private water suppliers, tapping technology for safer roads

SINGAPORE - From taxing large private water suppliers to tapping technology for better road safety outcomes, MPs discussed a wide range of issues in Parliament on Thursday. Read more at ...

Posted on 03/08/2023

6 Best Crypto Exchanges And Trading Platforms Singapore

Our testing team has compared and reviewed 25 exchanges and this is our top list of the best crypto exchanges in Singapore.

Posted on 03/08/2023

Importers see cost of goods fall with stronger Singapore dollar

Thanks to a stronger Singapore dollar, importers here now have more purchasing power when buying goods from overseas.

Posted on 03/08/2023

Singapore worked with UK authorities on fraud case involving ex-F1 CEO Bernie Ecclestone: DPM Wong

SINGAPORE: Singapore worked closely with authorities in the United Kingdom on their investigation and prosecution of former F1 CEO Bernie Ecclestone, Deputy Prime Minister Lawre ...

Posted on 03/08/2023

Australia’s upcoming global minimum tax is intended to stop offshore tax evasion. There are doubts it will work

In 2016, reportedly half of US corporate profits were stashed in seven countries with low tax rates: Bermuda, the Cayman Islands, Ireland, Luxembourg, the Netherlands, Singapore and Switzerland. In ...

Posted on 02/08/2023

Singapore’s core inflation would have peaked at 7.2% if not for MAS’ policy moves: Alvin Tan

HAD the Monetary Authority of Singapore (MAS) not moved to tighten monetary policy since October 2021, core inflation would have reached 7.2 per cent year on year at its peak. This is 1.9 percentage ...

Posted on 02/08/2023

Car, COE, road tax, insurance, petrol, maintenance — Singaporeans answer the question: “How expensive (owning) cars in Singapore?”

SINGAPORE: A recent video wherein Singaporeans were asked to answer “How expensive are cars in Singapore?” got over 177,000 views in less than a day. One respondent’s answer included a variety of ...

Posted on 01/08/2023

Singapore business groups warn of ‘complexities’, more traffic jams if firms banned from ferrying workers on back of lorries

SINGAPORE: Any move to eliminate the transportation of workers on the backs of lorries for safety reasons involves "real, practical and operational complexities", a tot ...

Posted on 01/08/2023

Singapore stocks end flat amid mixed regional trading

Across the broader market, gainers outnumbered losers 317 to 290 after 1.3 billion securities changed hands. Read more at straitstimes.com.

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