The discussion on this matter in parliament also saw Workers' Party MP Kenneth Tiong apologising after saying National Development Minister Chee Hong Tat had asked a "stupid question".
Singapore cuts tax breaks for two family offices linked to Prince Group
Singapore has revoked the tax incentives of two single family offices linked to the US-sanctioned Prince Group, a multinational network accused of being one of Asia’s largest crime syndicates. The ...
Coliwoo Holdings IPO 8.2 times subscribed; raises $101 mil
Coliwoo plans to use the proceeds primarily for expansion, growth and asset enhancement of its co-living business.
Singapore’s OCBC names Melvyn Low as chief strategy and transformation officer
Singapore's second-largest bank by assets, said on Wednesday it had appointed Melvyn Low as group chief strategy and transformation officer, effective November 10. Low, who has led OCBC's global ...
OCBC appoints banking veteran Melvyn Low as group chief strategy and transformation officer
Oversea-Chinese Banking Corporation (OCBC) has appointed banking veteran Melvyn Low as group chief strategy and transformation officer with effect from Nov 10.
Singapore’s integrated resort revival a model for Asia, but Korea lags far behind
Singapore is reaping the rewards of its bold bet on integrated resorts, transforming into a global hub for business, tourism and investment, while Korea remains stalled by regulatory gridlock despite ...
Singapore shares slide amid tech bubble jitters; STI down 0.1%
Singtel was the index’s biggest gainer, while Yangzijiang Shipbuilding fell the most Read more at The Business Times.
Singapore’s central bank joins chorus of tech stock warnings
The warning comes as policymakers and Wall Street execs have become increasingly vocal about their concerns over the frothy valuations of tech stocks caused by undue enthusiasm about AI’s prospects.
Multifonds Helps DBS to Drive Scalable Automation and Future Growth in the Region’s Asset Management Industry
Multifonds today announced that DBS, Southeast Asia's largest bank by assets, has gone live with Multifonds Fund Accounting Platform in Singapore, Hong Kong SAR and Indonesia. The solution was ...
Crypto hit by bitcoin whales dumping US$45b in bets
The original cryptocurrency fell as much as 7.4% to dip below the US$100,000 mark for the first time since June.
APEC gathering opens door for expansion of Korean food exports: minister
Last week's Asia-Pacific Economic Cooperation (APEC) gathering in South Korea served as an opportunity to further boost the country's exports of various agro-livestock products, such as beef and pork, ...
Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date
Average daily turnover for these stocks hits S$165 million from Jun 30 to Nov 4 Read more at The Business Times.
Singapore’s CapitaLand Investment exceeds target with $650 million for lodging fund
Singapore's CapitaLand Investment said on Monday it closed its value-add lodging private fund with $650 million in total commitments, exceeding its target by $50 million, reflecting strong investor ...
Singapore’s financial system remains resilient, but MAS warns of rising global risks
In its latest financial stability review, the Monetary Authority of Singapore urged households, corporates and financial institutions to stay vigilant.
Singapore revokes tax incentives for two family offices with links to Cambodia’s Prince Group
The discussion on this matter in parliament also saw Workers' Party MP Kenneth Tiong apologising after saying National Development Minister Chee Hong Tat had asked a "stupid question".
Singapore rejects 3% of 1,300 family office applications in past 3 years, minister says
Singapore has blocked 3% out of 1,300 applications filed in the past three years to set up tax-exempt wealth management vehicles for rich families, an official said on Wednesday, responding to ...