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Posted on 04/03/2025

Nvidia shares plunge 9% as Trump’s tariff crackdown and Singapore AI server smuggling arrests shake chip giant

The aggressive tariff plans prompted a broader market pullback, as concerns over trade restrictions sent stocks reeling and the Dow plunging more than 600 points.

Posted on 04/03/2025

Singapore to pilot carbon capture and storage technology at waste-to-energy plants

SINGAPORE will be launching a pilot by 2026 to test the viability of carbon capture technologies at its waste-to-energy plants, announced Senior Minister of State for Sustainability and Environment ...

Posted on 04/03/2025

Singapore’s Sea beats quarterly revenue estimates on e-commerce strength

Sea Ltd topped Wall Street estimates for fourth-quarter revenue on Tuesday, helped by strong growth in its financial services segment and e-commerce platform Shopee.

Posted on 04/03/2025

Singapore Considers Caning for Financial Scammers

Singapore is considering caning financial scammers to deter scams, which saw a 70% increase in losses last year. The government is also tackling malicious websites.

Posted on 04/03/2025

Singapore probes Nvidia chips allegedly linked to DeepSeek

A Singaporean minister said servers used in a fraud case may have contained chips from US chipmaker Nvidia. Local media report the case is linked to the Chinese AI startup DeepSeek's alleged ...

Posted on 04/03/2025

More than 14 years’ jail, caning for man in Singapore who raped wife

SINGAPORE: After slapping his wife and threatening to beat her to death with a metal rod, a man sexually assaulted and raped the woman.

Posted on 04/03/2025

Singapore considering canning for financial scammers; to tackle malicious websites

Singapore, Mar 4 (PTI) Singapore will consider caning financial scammers in certain cases, in recognition of the serious harm they cause, Minister of State for Home Affairs and Social and Family ... ( read original story ...)

Posted on 04/03/2025

UOB chairman Wong Kan Seng ups his stake in bank by 10,050 shares for total cost of $385,000

This brings Wong’s total stake to over 75,000 shares or 0.004% of total number of ordinary votes. Wong was the former deputy prime minister of Singapore.

Posted on 04/03/2025

Probe on Nvidia exports: Chips allegedly moved through Singapore were sent to Malaysia, final destination under investigation

Law and Home Affairs Minister K Shanmugam says Singapore’s investigations were carried out independently and not requested by the US, which had placed export controls on advanced AI chips.

Posted on 04/03/2025

Singapore shares close down following new US tariffs, STI drops 0.5%

SINGAPORE - The Straits Times Index (STI) closed down after the US announced additional tariffs on March 4. The STI closed down 0.5 per cent or 18.16 points at 3,890.76. Across the broader market, ...

Posted on 04/03/2025

Singapore takes more steps to detect money mules through information sharing, cooling-off measures

SINGAPORE will put more effort into detecting money mule activities in 2025, said Sun Xueling, Minister of State for the Ministry of Home Affairs (MHA). Read more at The Business Times.

Posted on 04/03/2025

YouTrip rolls out overseas transfer feature for Singapore users

SINGAPORE – Users of multi-currency mobile wallet YouTrip can now make overseas transfers to recipients in more than 40 countries. In a blogpost on March 3, YouTrip said the countries include Malaysia ...

Posted on 04/03/2025

US trade rules breached? Singapore detains three in Nvidia GPU crackdown

Singapore has arrested three for alleged fraud in re-exporting Nvidia GPUs to China's DeepSeek, raising US trade concerns over possible breaches of export restrictions ...

Posted on 04/03/2025

Committee of Supply 2025 debate, Day 3: Keith Chua on IPOS’ support for SMEs and Singapore as an arbitration hub

Many small- and medium-sized enterprises (SMEs) may not be aware of the opportunity to unlock the value of their intangible assets and intellectual property rights. Successful businesses should ensure ...

Posted on 04/03/2025

MHA warns public against scammers who ‘pivoted playbook’ to evade banking safeguards, target crypto assets

Scammers have "pivoted their playbook" as bank accounts become more protected, said Minister of State for Home Affairs Sun Xueling on Tuesday (March 4). Speaking during the Ministry of Home Affairs' ...

Posted on 04/03/2025

Why analysts are divided over Trump’s crypto reserve announcement

Investment bank TD Cowen expressed skepticism about the plan, calling it "uncoordinated" and lacking clarity on funding.

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