For family offices to forge deeper connections with the city-state, tax breaks and investment mandates won’t cut it.
Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme
Trafigura issued a worldwide freezing order on Gupta in February and alleged it was victim of a “systematic fraud” perpetrated by Gupta that led to the discovery of more than 1,000 containers holding ...
Man with uniform fetish jailed for stealing police jacket, bag in Singapore
The officer left the jacket on his motorcycle, which he parked nearby. Lam had already passed by the bike but returned half an hour later to grab the jacket costing 140 Singapore dollars (approximately $105), which reportedly had a name tag and a sergeant ...
Saudi wealth fund PIF joins Temasek of Singapore in reporting steep 2022 investment losses amid slump in US, China markets
Two of the world’s biggest wealth funds reported steep investment losses in 2022 as markets slumped. More than US$8.8 trillion of value evaporated from benchmark index stocks in the US and Hong Kong.
Singapore’s Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties
Temasek Holdings faced its worst returns in seven years and had written down a $275 million stake in the now-bankrupt crypto exchange FTX, to zero last year.
Sources: Malaysian art studio Lemon Sky behind ‘The Last of Us’, Spider-Man games plans IPO in Singapore
Lemon Sky Studios, the Malaysian art and animation company involved in videogames such as Square Enix’s Final Fantasy XVI and Marvel’s Spider-Man ...
Singapore under the pandemic: The normalisation of digital authoritarianism
"Surveillance has reinforced a culture of self-censorship and fear in Singapore which further mutes public criticism of the government." ...
Boy, 16, among six accused of money laundering-related offences linked to scams
A 16-year-old boy was among six people charged in court on Wednesday (July 12) after they allegedly took part in activities linked to money laundering involving banking-related phishing scams that ...
Singapore stocks extend gains ahead of US inflation report; STI up 0.4%
Local shares racked up a third consecutive day of gains on Wednesday following a solid session on Wall Street overnight. Read more at straitstimes.com.
Singapore minister faces first graft probe since 1986
SINGAPORE: Singapore’s transport minister has been placed on leave as the city-state’s anti-graft agency starts an investigation, the first involving a cabinet minister in almost four decades.
6 Life Science IPOs in 2023
A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
5 people charged for relinquishing Singpass, bank accounts to scam syndicates
Some are suspected to have sold their Singpass credentials. Police said these were used in scams affecting victims' bank and CPF accounts. What happened?
DBS Sticks to Their Buy Rating for First Resources (Singapore) (FTROF)
In a report released yesterday, William Simadiputra from DBS maintained a Buy rating on First Resources (Singapore) (FTROF – Research ...
Rental Income Tax Singapore: How to Calculate and Pay (2023)
Rental income tax in Singapore is accrued when you collect a monthly payment from the properties you rent out. While renting out secondary properties is not a job or form of employment, it is still ...
Ringgit hits record low against Singapore dollar, dropped to a seven-year low against the British pound
The ringgit hit a historic low versus the Singapore dollar on Wednesday (12 Jul), falling to 3.4783. It surpassed the previous record of 3.4717 on 22 June. Meanwhile, the ringgit gained against the US ...
M1 services restored after users face ‘intermittent difficulties’ accessing mobile services
The telco said on Facebook at around 5pm that services have been fully restored. Read more at straitstimes.com.