Singapore is working to amend the state's Cybersecurity Bill, which was approved in 2018, to enforce new obligations for third-party companies providing crucial technology services. The ...
Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million
Rolf Schnellmann helped conceal the income of U.S. taxpayer clients in offshore accounts in Switzerland, according to the New York federal prosecutors.
Singapore’s OCBC to launch $500m decarbonization fund
TOKYO -- Singaporean lender Oversea-Chinese Banking Corp. will create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia, joined by an investment company ...
Singapore could make data centers and clouds “critical infrastructure”
The Cybersecurity Agency of Singapore (CSA) currently lists energy, water, banking and finance, healthcare, land transport, maritime, aviation, government, infocomm, media, and security and emergency ...
Singapore owner Kim Heng sacks manager suspected of corruption
Singapore offshore shipowner Kim Heng said on Thursday it had sacked a manager at a subsidiary on suspicion of corrupt dealings. The company discovered and investigated “anomalies” relating to ...
Ikea Singapore to absorb 1 percentage point GST rate increase in Jan 2024
Ikea Singapore will absorb the Goods and Services Tax (GST) increase that will kick in from Jan 1 next year, when the GST rate increases from 8 per cent to 9 per cent.
IPO Hopes Rise for New Year After Fed’s Early Holiday Gift
LONDON (Reuters) - Bankers advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings after the U.S. Federal Reserve signalled it may ...
An airline passenger has been charged with theft after $23,000 in cash was stolen out of people’s luggage during a flight to Singapore
Zhang Xiuqiang is accused of taking cash from three passengers on board a Scoot flight from Vietnam to Singapore.
Woman harvested bank accounts that syndicates used to transfer $3 million from 1,000 victims
Together with her acquaintances, Heng Pei Jing also attempted to "hijack" scam proceeds from a Malaysian scam syndicate, but the sum of about S$54,000 they obtained was frozen by the police.
OCBC sees possible recovery in property stocks and REITs ahead of anticipated end to rate hike cycle
Within the Singapore market, analyst Carmen Lee's top picks include a mix of banks, REITs, real estate stocks and telcos.
Ikea Singapore to absorb 1% GST rate increase in Jan 2024
Ikea Singapore will absorb the Goods and Services Tax (GST) increase that will kick in from Jan 1 next year, when the GST rate increases from 8 per cent to 9 per cent.
Singapore court freezes US$1.14bil in failed crypto fund assets
SINGAPORE: A court has ordered a US$1.14 billion worldwide asset freeze on the founders of collapsed cryptocurrency hedge fund Three Arrows Capital, the Singapore-based firm’s liquidators said ...
Court Freezes $1.14bn In Failed Singapore-based Crypto Fund’s Assets
the Singapore-based firm's liquidators said Thursday. Three Arrows Capital filed for bankruptcy last year when its fortunes collapsed after a massive sell-off in assets it had bet on as prices ...
Singapore fuel oil inventories ease 4.7% to two-week lows
Exports out of Singapore rise 25% from last week * Top import volumes hail from Indonesia * No imports from Kuwait for fifth straight week By Jeslyn Lerh SINGAPORE, Dec 21 (Reuters) - Onshore ...
2 Singaporeans allegedly involved in the export of gas oil to North Korea charged in court
Both men face charges in contravention of the United Nations (Sanctions – DPRK) Regulations 2010. Read more at straitstimes.com.
Singapore director of 980 companies jailed after S$7.3 million laundered through China-linked firms under him
A Singaporean man ran a business helping China clients set up companies in Singapore and became a director of 980 companies this way.