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Posted on 16/10/2024

Limited-edition bank card designs and merchandise are coming: OCBC and Disney announce 5-year collaboration

Apart from the upcoming Disney Adventure cruise, fans have something new to look forward to. OCBC and Disney have announced a five-year strategic collaboration across three of the bank's five core ...

Posted on 16/10/2024

Couple behind livestreaming retailer fined over $800k for evading GST

A Singaporean couple running a livestreaming business selling branded goods from overseas underdeclared product values, evading over $90,000 in Goods and Services Tax (GST) and $4,000 in freight ...

Posted on 16/10/2024

Couple behind Vanity Closet fined $849,000 for evading GST

Wang Siew Ching, 34, and her husband Rayson Loo Sian Hao, 33, on Oct 15 Oct were convicted and fined for evading Goods and Services Tax (GST) on imported goods. Wang is the director of Vanity Closet ...

Posted on 16/10/2024

S’pore shares dip, with Jardine Matheson leading losses, ahead of earnings

Losers outnumber gainers 350 to 235, with 1.7 billion securities worth $1.3 billion changing hands. Read more at straitstimes.com.

Posted on 16/10/2024

Prosecution seeks up to 66 months’ jail for man linked to loan ruse that cheated 2 banks of $1.2m

On Oct 15, Deputy Public Prosecutor Cheah Wenjie urged the court to sentence Lee to up to five years and six months’ jail, stressing that the offender had made no restitution. DPP Cheah also told ...

Posted on 16/10/2024

Vedanta Resources Signs Facility Agreement Worth $125 Million

Standard Chartered Bank Singapore Ltd. is the arranger, agent, and lender for the agreement, which aims to support Vedanta Resources' funding requirements.

Posted on 16/10/2024

Singapore firm accused of deforestation through ‘shadow’ firms linked to Indonesia’s controversial food estate project

Palm oil company First Resources has denied that it has secured sugarcane concessions in Papua through its subsidiaries, which would jeopardise a no-deforestation pledge the company made almost ...

Posted on 16/10/2024

From potato skins to kopi cups: Innovative students tackle food and packaging waste in Singapore

Selected as one of the five winning pitches in the second edition of the DBS Foundation X NEA Hungry for Change Challenge, their solution is slated for a pilot phase at Koufu Fusionopolis. Read more ...

Posted on 16/10/2024

Neil Parekh Nimil Rajnikant on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Two Bills being debated in Parliament on Tuesday (Oct 15) “present significant opportunities” for Singapore, said NMP Neil Parekh Nimil Rajnikant. He said the Income Tax (Amendment) Bill incentivises ...

Posted on 16/10/2024

Mark Lee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

As Parliament debated a Bill to enforce a global 15 per cent minimum effective tax rate for large multinational enterprises (MNEs) in Singapore, NMP Mark Lee said many jurisdictions are implementing ...

Posted on 16/10/2024

Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa

Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa ...

Posted on 16/10/2024

Food Innovators’ IPO fully subscribed, public offer 6.3 times subscribed

In total, the private placement and public tranches have a subscription rate of 1.4 times. Read more at straitstimes.com.

Posted on 16/10/2024

GIC and BlackRock snap up Hyundai India shares in record $4.3 billion IPO

Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of US$77.3 million, while American financial major Fidelity bought shares worth ...

Posted on 16/10/2024

Singapore’s OCBC Group CEO Helen Wong ranked as 2nd most powerful woman in Asia for 2024

She took 2nd place on this year’s Fortune Most Powerful Women Asia list, which ranks women business leaders across the Asia Pacific region ...

Posted on 16/10/2024

BLEED Esports Reportedly Abandons MLBB Players in Singapore

BLEED Esports has allegedly left two of its PH MLBB players stranded in Singapore following the end of the MPL SG Season 8.

Posted on 16/10/2024

Singapore fintech funding down 10% to $208m in Q3

The drop is in line with overall tech startup funding in Singapore. Singapore’s financial technology (fintech) companies raised a total of $208m for funding in Q3 2024, 10% lower than in the same ...

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