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Category: BUSINESS

Posted on 03/03/2025

CDL shares to resume trading; company says it’s “business as usual”

SINGAPORE: The trading halt on shares of City Developments Limited (CDL) is being lifted on Monday (Mar 3) with the company saying it's "business as usual" after the boardroom leadership tussle ...

Posted on 03/03/2025

Robinhood to Launch Crypto Services in Singapore by 2025

Market experts predict that if Robinhood successfully establishes itself in Singapore, it may expand to other Asian markets, further solidifying its presence in the global crypto ecosystem.

Posted on 02/03/2025

High-stakes father-son feud rocks Singapore property giant

A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families ...

Posted on 02/03/2025

More Singapore firms keen to explore new markets like Central Asia: SBF

An agreement between Singapore and Kazakhstan aims to pave the way for Singapore firms to expand business operations there. The Singapore Business Federation says there is a growing number of firms ...

Posted on 02/03/2025

3 Men Charged In Singapore Amid US Export Crackdown Of Nvidia Chips To China

Three men were charged with fraud in Singapore on Thursday following raids linked to the alleged illegal movement of Nvidia chips to China, bypassing U.S. export controls. The men were among nine ...

Posted on 01/03/2025

Singapore stocks fall in line with regional bourses as US trade tariff concerns re-emerge

SINGAPORE - Singapore stocks fell in tandem with other regional markets on Feb 28 as investors reassessed the potential impact of tariffs imposed by US President Donald Trump. The Straits Times Index ...

Posted on 01/03/2025

Over 50 travellers nabbed for failing to declare cash, pay taxes at Singapore checkpoints

SINGAPORE: More than 50 travellers were caught for carrying undeclared cash and engaging in other illegal cross-border activities during a week-long operation at Singapore's checkpoints.

Posted on 01/03/2025

Woman, 19, caught at checkpoint with 6 undeclared toys in excess of GST import relief allowance

A 19-year-old woman caught travelling with six undeclared toys in excess of goods and services tax (GST) import relief allowance in a multi-agency enforcement operation by the authorities from Feb 19 ...

Posted on 01/03/2025

Three charged in Singapore with alleged link to illicit shipments of Nvidia GPUs to China

Accused face up to 20 years in prison The authorities in Singapore have charged three men with fraud, allegedly in connection with the shipment of Nvidia GPUs into China in violation of US export ...

Posted on 01/03/2025

CEO Sherman Kwek should prioritize recovering $1.4B loss, says director siding with Singapore’s 4th richest man Kwek Leng Beng

A director of City Developments Limited who supports chairman Kwek Leng Beng has called on CEO Sherman Kwek to focus on resolving a SGD1.9 billion (US$1.4 billion) debt occurred from a failed China ...

Posted on 01/03/2025

Three charged in Singapore in case linked to illicit shipments of Nvidia GPUs to China

Accused face up to 20 years in prison The authorities in Singapore have charged three men with fraud, reportedly in connection with the shipment of Nvidia GPUs into China in violation of US export ...

Posted on 01/03/2025

Nvidia Chips Smuggled To China? 3 Men Charged In Singapore Amid US Export Crackdown

Three men were charged with fraud in Singapore on Thursday following raids linked to the alleged illegal movement of Nvidia chips to China, bypassing U.S. export controls. The men were among nine ...

Posted on 01/03/2025

Singapore arrests three in AI chip fraud case amid US crackdown on exports

The case raises concerns over AI chip smuggling, while Microsoft warns US restrictions could backfire, benefiting China.

Posted on 01/03/2025

5 key insights from feud between Singapore’s 4th richest man Kwek Leng Beng and CEO son at CDL

A power struggle at Singapore-listed property firm City Developments Limited (CDL) has put a spotlight on the father-son conflict at the heart of the company.

Posted on 28/02/2025

GST hike did not ‘turbocharge’ inflation as WP chief asserted; figure fell in both years of tax increase: PM Wong

Singapore would have ended up with fiscal deficits last year and for this year’s projected balance, without the Goods and Services Tax increase and unexpected rise in corporate income tax collections, ...

Posted on 28/02/2025

3 men in Singapore charged over Nvidia server fraud tied to China

Three Singapore men were charged with stealing from a supplier of computer servers, shedding light on the role of local intermediates in the global distribution of Nvidia Corp. chips.

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