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Tag: business

Posted on 31/10/2024

Singapore’s Wilmar third-quarter profit slumps 36% on weak China, sugar segment

Singapore-listed Wilmar International reported a 35.7% fall in third-quarter core net profit on Wednesday, weighed down by weaker China and sugar division operations.

Posted on 30/10/2024

Contraband cigarettes found hidden in soft toys declared as ‘decorations’, Chinese national arrested

Singapore Customs cracked down on a unique smuggling tactic of hiding the cigarettes inside soft toys in a two-day operation from Oct 22 to 23, Read more at stomp.straitstimes.com ...

Posted on 30/10/2024

Singapore stocks end lower despite Hongkong Land’s rally; STI declines 0.9%

Property group Hongkong Land puts up strong showing with 10.8% jump; parent Jardine Matheson gains 5.1% Read more at straitstimes.com.

Posted on 30/10/2024

Singapore on radar for 74,000 ultra-rich UK foreign residents hit by tax change

WEALTH managers are seeing increasing interest from ultra-rich foreigners looking to relocate to Singapore from the UK ... UK is set to abolish the non-domiciled – or “non-dom” – tax status of some 74 ...

Posted on 30/10/2024

Crypto exchange Gemini gets MAS’ in-principle nod for major payment institution licence

AMERICAN cryptocurrency exchange Gemini has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution licence. Read more at The Business Times.

Posted on 30/10/2024

Crypto exchange Gemini gets initial greenlight for Singapore expansion

U.S.-based crypto exchange Gemini has received a preliminary approval from Singapore authorities, a key milestone in the company’s plan to expand in Asia.

Posted on 30/10/2024

Ong Beng Seng back in court; granted permission to leave Singapore for business

He has to provide additional bail of $800,000 for a work-related trip to London, Boston, Gibraltar and Spain. Read more at straitstimes.com.

Posted on 30/10/2024

Court allows Malaysian property tycoon Ong Beng Seng to leave Singapore with extra RM2.7m bail

Property tycoon and hotelier Ong Beng Seng was granted court permission today to leave Singapore for over a week, with a total cash bail of S$1.6 million (RM5.3 million) following additional bail ...

Posted on 30/10/2024

Singapore Institute of Advanced Medicine Holdings reports FY2024 loss of $37.4 mil

The Singapore Institute of Advanced Medicine Holdings (SAM) has reported a loss after tax and total comprehensive loss for the year of $37.4 million for the FY2024 ended June 30, more than twice its ...

Posted on 30/10/2024

Gemini grabs ‘In-Principle Approval’ for Singapore license, despite recent struggle

Cryptocurrency exchange Gemini has received In-Principle Approval (IPA) for a Major Payment Institution license application in Singapore.

Posted on 30/10/2024

Gemini gets initial nod to offer crypto services in Singapore

Gemini receives in-principle approval from MAS, marking a major step towards offering regulated crypto services in Singapore.

Posted on 30/10/2024

Singapore looks to Australian outback to power shift to sustainable energy

Singapore is a step closer to importing solar energy from Australia via a huge undersea cable, after giving green light to ambitious project that could provide solution to other countries that are try ...

Posted on 30/10/2024

How to Choose the Right Employer of Record for Your Business in Singapore

Singapore is calling your business, but is your business ready to answer?  This would be the perfect platform to grow as Singapore has a booming economy and is strategically located. However, here is ...

Posted on 29/10/2024

UK’s wealthy ‘non-doms’ set sights on Singapore over Budget tax threat

WEALTH managers are seeing increasing interest from ultra-rich foreigners looking to relocate to Singapore from the UK, bringing with them a fresh influx of wealth, market watchers told The Business ...

Posted on 29/10/2024

Winklevoss Twins’ Gemini Wins Singapore Approval for Crypto Expansion

Gemini secures major regulatory approval in Singapore, expanding its global footprint. The Winklevoss-owned crypto exchange will be able to offer cross-border crypto transaction services. Singapore ...

Posted on 29/10/2024

Gemini crypto exchange receives preliminary approval in Singapore

Crypto exchange Gemini has received preliminary approval from Singapore’s central bank to offer some of its services in the country. On Oct. 29, the Monetary Authority of Singapore (MAS) granted ...

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