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Posted on 14/10/2024

Asia’s IPO bankers look beyond China slump with US$6 bil week

Listings from Hyundai Motor Co.’s India unit, subway operator Tokyo Metro Co. and Rigaku Holdings Corp. will push IPO volumes in Asia Pacific excluding China past $28 million.

Posted on 14/10/2024

UOB partners with industry peers and Institutes of Higher Learning

In an effort to promote job transformation, UOB works with Better U's industry partners and educational institutions.

Posted on 14/10/2024

Louis Chua on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

In Singapore, corporate income tax is by far the single largest contributor to the Government’s budget. So, any policy changes in this area are going to have the most significant impact to the country ...

Posted on 14/10/2024

Don Wee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Bill is a crucial step in aligning Singapore with global efforts to ensure fair and transparent taxation of multinational enterprises (MNEs), by ensuring tha ...

Posted on 14/10/2024

Income Derived By Foreign Entity For Rendering Technical Assessment Services Doesn’t Constitute FTS: Delhi ITAT

The Delhi ITAT held that income derived by foreign entity for rendering technical assessment services will not constitute as Fees for Technical Services (FTS) under Article 12(4)(b) of ...

Posted on 14/10/2024

India less export-oriented, will be relatively unaffected by potential US tariff hikes: Fitch

India, which is less export-oriented than many other Asian economies, would be relatively unaffected in case the US levies higher tariffs on imports, Fitch Ratings said on Monday. Fitch said higher ...

Posted on 14/10/2024

AI-powered underwater robot to help coral scientists see better in Singapore’s murky waters

The technology can help marine biologists speed up coral monitoring and restoration work. Read more at straitstimes.com.

Posted on 14/10/2024

GDP growth boosts market sentiment; STI up 0.6%

The benchmark Straits Times Index (STI) was up 0.6 per cent or 22.15 points at 3,595.91 at the close. Across the broader market, losers outnumbered gainers 301 to 254, after 1.3 billion securities ...

Posted on 14/10/2024

Developing | Singapore opposition leader Pritam Singh stands trial for alleged lies under oath

The trial marks the first time in Singapore’s history when an opposition leader has been prosecuted for lying to a parliamentary committee.

Posted on 14/10/2024

S.Korea’s Hanwha sweetens takeover offer for Singapore’s Dyna-Mac

South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.

Posted on 14/10/2024

Singapore’s Central Bank Holds Steady as Economy Picks Up, Inflation Cools

Singapore’s growth momentum has picked up and the negative output gap is projected to close in H2 2024,” the MAS said.

Posted on 14/10/2024

OCBC to Stop Russia-Linked Transactions to Cut Risk

Oversea-Chinese Banking Corp. will stop handling transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions.

Posted on 14/10/2024

Jamus Lim on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Bill will align Singapore’s tax regime with international tax developments arising from the BEPS 2.0 initiative. On concerns that subscribing to a corporate minimum tax will erode a cornerstone of Sin ...

Posted on 14/10/2024

Top Tech News: Singapore’s Economy Expands by 4.1% in Q3 2024; London Crypto Trader Pleads Not Guilty to Illegal Crypto ATM Business Charges

Good morning, tech fam; here are some quick tech updates for you to catch on to! What’s New Today: Singapore’s Economy Expands by 4.1% in Q3 2024Fast-Track Insi ...

Posted on 14/10/2024

Alleged Hong Kong Crypto Swindler Tied to Singapore Money Laundering Syndicate

Su Weiyi is also listed as an owner of two Hong Kong companies along with a man named Wang Dingkai. He co-founded a firm in the Philippines, which was raided by police in 2023 as part of an ongoing ...

Posted on 14/10/2024

China copper imports climb 15% on seasonal demand, brighter outlook

Singapore – China’s imports of unwrought copper rose in September from the prior month, customs data showed on Monday, due to improving seasonal demand and a better consumption outlook for the ...

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