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Posted on 04/11/2024

Changi Airport Group loses appeal to have tax break for $270m spent on assets like runways

SINGAPORE - Changi Airport Group (CAG) has lost an appeal to have a tax break for $270m spent on assets over three years. In dismissing the appeal, Justice Choo Han Teck said the assets – two runways ...

Posted on 04/11/2024

Google’s Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

Google Korea CEO Kim Kyung Hoon faced the National Assembly over tax evasion allegations, asserting the company complies with tax laws.

Posted on 04/11/2024

Singapore Airlines to spend $835 million upgrading long-haul Airbus A350 cabins

Singapore Airlines will spend 1.1 billion Singapore dollars ($834.66 million) to upgrade all classes on its 41 Airbus A350-900 long-haul and ultra-long-range planes by the end of 2030, the airline ...

Posted on 04/11/2024

Singapore unveils new anti-money laundering measures, including inter-agency data-sharing

New measures unveiled to address money laundering in Singapore will see more inter-agency data sharing, as well as inactive companies struck off and businesses roped in to 'red-flag' suspicious ...

Posted on 04/11/2024

Dennis Uy to cede control of DITO as Singapore investor expands stake

MANILA, Philippines — Davao-based tycoon Dennis Uy is set to lose control of DITO CME Holdings with an investment from a Singapore-based company. In a report filed to the Securities and Exchange ...

Posted on 04/11/2024

SIA to invest $1.1 bil in Airbus A350 cabin refitting programme

The airline is set to showcase new business class seats in all 41 aircraft, which are also expected to feature on SIA’s upcoming Boeing 777-9 aircraft.

Posted on 04/11/2024

Niva Bupa IPO: Fresh Issue Will Help Solvency, Growth; OFS To Accommodate FIIs

Niva Bupa has set a price band of Rs 70-74 per share for its IPO that will open for subscription later this week.

Posted on 04/11/2024

UOB FinLab Awards Over S$100,000 Funding for GreenTech Pilots Across ASEAN

UOB FinLab, the innovation accelerator of United Overseas Bank, has awarded over S$100,000 in funding to GreenTech firms.

Posted on 04/11/2024

Singapore stocks edge up on eve of US election following regional trend; STI rises 0.5%

On the STI, top gainer Hongkong Land continued to rally, closing up 7.1 per cent at US$4.80. Read more at straitstimes.com.

Posted on 04/11/2024

How one of the tiniest oil markets cost Singapore-based Trafigura $1.5 billion

Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com.

Posted on 04/11/2024

Singapore Airlines to spend $835 mln upgrading long-haul Airbus A350 cabins

Singapore Airlines will spend 1.1 billion Singapore dollars ($834.66 million) to upgrade all classes on its 41 Airbus A350-900 long-haul and ultra-long-range planes by the end of 2030, the airline ...

Posted on 04/11/2024

Singapore Air Unveils First Class Seats on Ultra-Long Flights

Singapore Airlines Ltd. is introducing first class on its ultra-long haul flights for the first time as part of a sweeping S$1.1 billion ($835 million) upgrade to its cabin products.

Posted on 04/11/2024

How Singapore’s tokenization push could reshape fixed income and FX markets

Singapore’s MAS boosts tokenization with new Project Guardian frameworks, enhancing liquidity and adoption in debt, FX, and fund markets.

Posted on 04/11/2024

Niva Bupa’s IPO to open on Thursday, price band fixed at Rs 70-Rs 74

Niva Bupa Health Insurance Company on Monday said it has fixed the price band of Rs 70-Rs 74 per equity share of face value Rs 10 each for its maiden initial public offer (IPO).

Posted on 04/11/2024

Person jailed for accepting $300 to share bank details used in $160k money laundering scheme

His Singpass identity was subsequently used to open two bank accounts that were used to receive more than $337,000. At least $114,000 was derived from 21 scam victims in Singapore, said the police.

Posted on 04/11/2024

Woman in S’pore transfers S$290k to scammers, but manages to get back S$250k

SINGAPORE: A 77-year-old woman recovered S$250,000 ... A scammer, pretending to be a Standard Chartered Bank employee, called the victim and told her that several unauthorised transactions had been ...

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