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Posted on 22/12/2023

Court freezes US$1.14bil in failed crypto fund’s assets

A court has ordered a US$1.14bil worldwide asset freeze on the founders of collapsed cryptocurrency hedge fund Three Arrows Capital, the Singapore-based firm’s liquidators said.

Posted on 22/12/2023

Singapore IPO climate to look up in 2024, but observers mixed on return of Reits, Spacs

SINGAPORE’S initial public offering (IPO) activity is expected to pick up in 2024, as interest rates fall and stock market valuations improve. Read more at The Business Times.

Posted on 22/12/2023

Woman harvested bank accounts that syndicates used to transfer S$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.

Posted on 22/12/2023

Singapore is working on new legislation to treat data centers as critical infrastructure

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 ...

Posted on 22/12/2023

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.

Posted on 22/12/2023

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 ...

Posted on 22/12/2023

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 ...

Posted on 21/12/2023

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 ...

Posted on 21/12/2023

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.

Posted on 21/12/2023

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 ...

Posted on 21/12/2023

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.

Posted on 21/12/2023

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.

Posted on 21/12/2023

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.

Posted on 21/12/2023

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.

Posted on 21/12/2023

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 ...

Posted on 21/12/2023

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 ...

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