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Tag: business

Posted on 22/07/2024

Asian Tax Transparency Crucial To Fight Money Laundering, Crypto Fraud

Nana Ama Sarfo reviews findings from the OECD's latest report on tax transparency in Asia, including trends in cross-border exchange of information and how the region is targeting financial crimes.

Posted on 22/07/2024

‘Hard-won and precious’ progress in Malaysia-Singapore ties not to be taken for granted, says SM Lee

Both sides have to be aware of potential difficulties and pitfalls, and also stay alert to “the tremendous dividends provided we can navigate around the problems and work together”, says Singapore ...

Posted on 22/07/2024

Singapore stocks end lower on news of Biden’s exit from US election; STI down 0.3%

Regional markets traded mixed. The Nikkei 225 lost 1.2 per cent, the Kospi Composite Index was down 1.1 per cent, and the FTSE Bursa Malaysia KLCI fell 0.9 per cent, but the Hang Seng Index rose 1.3 ...

Posted on 22/07/2024

More Singapore investors holding ETFs, with millennials the most exposed: Survey

SINGAPORE - Exchange-traded funds (ETFs) are gaining traction in Singapore, with more investors here holding ETFs in their portfolios, compared with their peers in other countries, according to a ...

Posted on 22/07/2024

Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls

“Biden’s withdrawal has opened up a possibility where, regardless of who sits in the White House, the U.S. government embrace a more constructive stance towards the digital asset industry after ...

Posted on 22/07/2024

Singapore stocks opened muted on Monday—STI dipped slightly by 0.02%

SINGAPORE: Singapore stocks opened muted on Monday after a turbulent week in the US and... The post Singapore stocks opened muted on Monday—STI dipped slightly by 0.02% appeared first on The Independe ...

Posted on 22/07/2024

Crypto traders bullish as Joe Biden bows out of US presidential race

The largest digital asset recovered from earlier losses to hover around $68,300 as of 8:42 a.m. in Singapore on Monday as markets reacted to the possibility of a match-up between pro-crypto Donald ...

Posted on 22/07/2024

Merchants in Singapore offering ‘buy now, pay later’ plans see uplift in sales

SINGAPORE – Merchants in Singapore offering “buy now, pay later” (BNPL) plans are seeing an increase in sales, boosted by providers’ promotions and marketing. BNPL allows consumers to split their ...

Posted on 21/07/2024

Long Yue Teng Trading Pte Ltd slapped with $58,000 fine for running some ‘fishy business’

Sink your teeth into this scandal as Long Yue Teng Trading's illicit meat market manoeuvres lands them in hot water.

Posted on 21/07/2024

Truck checked at Woodlands Checkpoint found to have 760kg of illegally imported M’sian produce

A company was fined $8,800 on July 19 for illegally importing fresh and processed produce for sale. Read more at stomp.straitstimes.com ...

Posted on 20/07/2024

In Singapore, ultra-rich China nationals do without Ferraris, S$100,000 whisky amid money-laundering crackdown

During Singapore’s economic boom, whisky dealer Manjit Gill sold daily to wealthy mainland Chinese clients, who would sometimes spend up to S$100,000 (RM348,114) on single malt. He told Bloomberg, now ...

Posted on 20/07/2024

This country just approved 16 insects as food — which buggy bite would you eat?

Singapore's state food agency embodied the phrase "Hakuna Matata" after approving a whopping 16 species of insects for human consumption, ranging from grasshoppers to beetle grubs. BarTa - stock.adobe ...

Posted on 20/07/2024

Chinese AI entrepreneur moves to Singapore for growth amid Beijing’s crypto curbs

Li sought his fortunes elsewhere as crypto-mining was one of GreaterHeat's core services. "For Chinese people, major business and living hubs include mainland China, Hong Kong, Taiwan and Singapore.

Posted on 20/07/2024

Man sentenced to two years and six-and-a-half months jail, S$700 fine for role in S$350,000 cryptocurrency heist

A man took part in a heist along with three others to steal S$350,000 in cash by pretending to be cryptocurrency sellers. On Thursday (July 19), Tobias ...

Posted on 20/07/2024

Jail for man who tagged along in a heist to steal S$350,000 from cryptocurrency buyer

A man took part in a heist along with three others to steal S$350,000 in cash by pretending to be cryptocurrency sellers.

Posted on 20/07/2024

Open for business: Chinese firms are Singapore-bound but will they stay?

After the pandemic, many multinationals saw the need to diversify their supply chains and businesses, said business professor Lawrence Loh, and the Singapore government saw that gap and rolled out the ...

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