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Category: BUSINESS

Posted on 04/03/2025

US servers in Singapore fraud case may contain Nvidia chips, minister says

By Bing Hong Lok SINGAPORE (Reuters) -Servers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia's advanced chips, a government minister ...

Posted on 04/03/2025

Singapore’s manufacturing indicators post back-to-back deceleration for first time in almost two years

Leading indicators for Singapore's manufacturing sector posted back-to-back deceleration for the first time in almost two years.

Posted on 04/03/2025

HARD NUMBERS: Singapore busts chip scofflaws, Israel’s West Bank crackdowns continue, EU asylum applications fall, Golden Arm flexes for final time

Singapore arrested three men accused of flouting US export controls on advanced NVIDIA microchips. The suspects were caught exporting servers containing the chips from Singapore to Malaysia, where ...

Posted on 04/03/2025

Singapore arrests alleged Nvidia chip smugglers

On Thursday, Singaporean police arrested three men for allegedly smuggling Nvidia chips, Singapore’s national broadcaster Channel News Asia reported. The three men, two Singaporeans and one Chinese ...

Posted on 04/03/2025

Singapore Budget 2025: laying the groundwork for a resilient future

Dario Acconci of Hawksford argues that Singapore’s 2025 Budget, which features a hefty corporate income tax rebate, is ‘generous and forward-looking’ ...

Posted on 03/03/2025

Cost of living concerns go ‘far beyond’ GST; raising the tax not an easy choice: PM Wong

SINGAPORE: Singaporeans' concerns over the rising cost of living go "far beyond" the Goods and Services Tax (GST), said Prime Minister Lawrence Wong on Monday (Mar 3) as he reiterated the reasons for ...

Posted on 03/03/2025

Keep the lights on or mine Bitcoin? How crypto is starting to suck up clean energy

The crypto industry, while always volatile, is booming and is hungry for power. To get their hands on it, miners are looking to places where they can tap into cheap electricity. Experts say it can ...

Posted on 03/03/2025

Shanmugam: AI chips under US export controls moved through Singapore to Malaysia

Singapore’s Minister for Law and Home Affairs K Shanmugam confirmed that AI chips subject to US export controls were transported through Singapore in servers, with Malaysia as the last known ...

Posted on 03/03/2025

Servers in Singapore fraud case may contain Nvidia chips under U.S. export controls

Singapore is investigating a fraud case involving Dell (NYSE:DELL) and Super Micro Computer (NASDAQ:SMCI) servers supplied to Singapore-based companies and then shipped to Malaysia, which may have ...

Posted on 03/03/2025

CDL no longer Singapore’s largest listed developer as shares close down 2.3% after trading resumption

The firm says it is “business as usual” amid a battle for board control between its chairman and his CEO son. Read more at straitstimes.com.

Posted on 03/03/2025

ST Engineering drives gains for Singapore shares on Monday; STI up 0.3%

SINGAPORE stocks ended higher on Monday (Mar 3), tracking gains on Wall Street. Read more at The Business Times.

Posted on 03/03/2025

How Singapore is supporting businesses and workers amidst global uncertainties: PM Wong’s Budget 2025 round-up speech

Prime Minister and Minister for Finance Lawrence Wong also addressed two other major concerns, such as whether Singapore has become overly conservative in its fiscal projections and plans, especially ...

Posted on 03/03/2025

Nominations open for EY Entrepreneur of the Year 2025 awards in Singapore

Ernst & Young (EY) is now taking in nominations for its Entrepreneur of the Year (EOY) 2025 awards in Singapore. Nominations for the 24 th edition of the awards will open till April 1.

Posted on 03/03/2025

Singapore probes suspected breach of US export controls on Nvidia chips

Singapore has charged three men in a case suspected to involve Nvidia semiconductor sales that potentially breach US export controls, the government announced on Monday.

Posted on 03/03/2025

Chips allegedly moved through Singapore were headed for Malaysia; final destination under investigation: Shanmugam

Law and Home Affairs Minister K Shanmugam said Singapore’s investigations were carried out independently and not requested by the US, which has placed export controls on the chips.

Posted on 03/03/2025

Servers Used in Singapore Fraud Case May Contain Nvidia Chips, Minister Says

Singapore's Home Affairs and Law Minister K Shanmugam told reporters on Monday that the servers involved in the case were supplied by Dell Technologies and Super Micro Computer before they were sent ...

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