On Oct 15, Deputy Public Prosecutor Cheah Wenjie urged the court to sentence Lee to up to five years and six months’ jail, stressing that the offender had made no restitution. DPP Cheah also told ...
OCBC Kicks Off Five-Year Regional Partnership With Disney
OCBC has partnered up with Disney in a strategic five-year collaboration across three of its five core markets in Southeast Asia.
Singapore hits brakes on $1.7 billion Allianz deal for one-time insurance cooperative after it sparks public outcry
On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether Income Insurance will be able to continue its social mission.
CNA Explains: What you need to know about the Income-Allianz deal being blocked by Singapore
The Singapore government intervened to stop a proposed deal between Income Insurance and German-based insurance giant Allianz, with three Cabinet ministers explaining the rationale.
Hyundai IPO: How are investors responding to India’s biggest-ever issue?
Hyundai Motor India's ₹27,870-crore initial public offering (IPO) witnessed a steady response on first day of subscription. Within two hours, the offer's 10% got subscribed- the retail portion was ...
Son of Singapore’s founding PM Lee says he plans to demolish family home
By Xinghui Kok SINGAPORE (Reuters) -The youngest child of Singapore's founding Prime Minister Lee Kuan Yew said on Tuesday he would apply to demolish the statesman's home in line with his wishes, ... ( read original story ...)
Prosecution calls for up to 66 months’ jail for man linked to loan ruse; 2 banks duped of over $1.2m
SINGAPORE - By using false statements, a man worked with a female accomplice to dupe two banks into disbursing loans totalling $1,218,000 starting in 2014. According to court documents, Standard ...
OCBC, Disney to begin five-year collaboration in Singapore, Malaysia, Indonesia
OCBC and Disney have announced a five-year strategic collaboration across three of the Singapore bank’s five core markets – Singapore, Malaysia and Indonesia. Read more at The Business Times.
Singapore seeks to jail former oil tycoon OK Lim for 20 years for cheating HSBC
SINGAPORE: Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on November 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the ...
Singapore stocks rose on Tuesday—STI climbed 0.6%
SINGAPORE: Singapore stocks rose on Tuesday, Oct 15, following gains in overseas markets the night before. The Straits Times Index (STI) climbed 0.6%, gaining 22.58 points to reach 3,618.49 by 9:01 am ...
Singapore eyes 15% top-up tax on MNEs to prevent foreign tax losses
The MTT will apply to Singapore-based large multinational enterprises (MNEs) that hold entities in lower-tax foreign jurisdictions. These companies must pay a top-up tax if their entities have an ...
$43M deepfake crypto romance scam leads to arrests of Hong Kong university graduates
Hong Kong authorities have identified a fraud syndicate that used deepfake technology to run a $43 million cryptocurrency romance scam. The operation resulted in the arrest of 27 individuals, ...
Singapore SMEs continued to expand in Q3, except for ICT: OCBC
SINGAPORE - Singapore’s small and medium-sized enterprises (SMEs) extended their growth momentum for a second consecutive quarter, according to the latest OCBC SME Index released on Oct 15.
Dyson layoffs: Singapore needs to find balance between protecting workers, business flexibility, says MOM
In some other countries, unions and employers have a more confrontational relationship, and that makes a country less attractive for companies to invest in, said Senior Minister of State for Manpower ...
Son of Singapore’s Founding PM Lee Says Plans to Demolish Family Home
SINGAPORE (Reuters) - The youngest child of Singapore's founding Prime Minister Lee Kuan Yew said on Tuesday he would apply to demolish the statesman's home in line with his wishes, following the ...
Singapore Seeks to Jail OK Lim for 20 Years for Cheating HSBC
Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on November 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the global energy ...