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.
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, ...
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' ...
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.
US servers in Singapore fraud case may contain Nvidia chips, minister says
By Bing Hong Lok SINGAPORE (Reuters) -Servers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia's advanced chips, a government minister ...
Singapore’s manufacturing indicators post back-to-back deceleration for first time in almost two years
Leading indicators for Singapore's manufacturing sector posted back-to-back deceleration for the first time in almost two years.
HARD NUMBERS: Singapore busts chip scofflaws, Israel’s West Bank crackdowns continue, EU asylum applications fall, Golden Arm flexes for final time
Singapore arrested three men accused of flouting US export controls on advanced NVIDIA microchips. The suspects were caught exporting servers containing the chips from Singapore to Malaysia, where ...
Singapore arrests alleged Nvidia chip smugglers
On Thursday, Singaporean police arrested three men for allegedly smuggling Nvidia chips, Singapore’s national broadcaster Channel News Asia reported. The three men, two Singaporeans and one Chinese ...
Singapore Budget 2025: laying the groundwork for a resilient future
Dario Acconci of Hawksford argues that Singapore’s 2025 Budget, which features a hefty corporate income tax rebate, is ‘generous and forward-looking’ ...
Cost of living concerns go ‘far beyond’ GST; raising the tax not an easy choice: PM Wong
SINGAPORE: Singaporeans' concerns over the rising cost of living go "far beyond" the Goods and Services Tax (GST), said Prime Minister Lawrence Wong on Monday (Mar 3) as he reiterated the reasons for ...
Keep the lights on or mine Bitcoin? How crypto is starting to suck up clean energy
The crypto industry, while always volatile, is booming and is hungry for power. To get their hands on it, miners are looking to places where they can tap into cheap electricity. Experts say it can ...
Shanmugam: AI chips under US export controls moved through Singapore to Malaysia
Singapore’s Minister for Law and Home Affairs K Shanmugam confirmed that AI chips subject to US export controls were transported through Singapore in servers, with Malaysia as the last known ...
Servers in Singapore fraud case may contain Nvidia chips under U.S. export controls
Singapore is investigating a fraud case involving Dell (NYSE:DELL) and Super Micro Computer (NASDAQ:SMCI) servers supplied to Singapore-based companies and then shipped to Malaysia, which may have ...
CDL no longer Singapore’s largest listed developer as shares close down 2.3% after trading resumption
The firm says it is “business as usual” amid a battle for board control between its chairman and his CEO son. Read more at straitstimes.com.
ST Engineering drives gains for Singapore shares on Monday; STI up 0.3%
SINGAPORE stocks ended higher on Monday (Mar 3), tracking gains on Wall Street. Read more at The Business Times.
How Singapore is supporting businesses and workers amidst global uncertainties: PM Wong’s Budget 2025 round-up speech
Prime Minister and Minister for Finance Lawrence Wong also addressed two other major concerns, such as whether Singapore has become overly conservative in its fiscal projections and plans, especially ...