Binance workarounds allow mainland Chinese traders to sign up by listing their location as Taiwan, betraying the market’s importance to the world’s largest crypto exchange.
2,900 cartons of duty-unpaid cigarettes seized by Singapore Customs during raid in Yishun
SINGAPORE – A total of 2,900 cartons of duty-unpaid cigarettes were seized by Singapore Customs officers in an operation in Yishun on Dec 20. The goods and services tax evaded amounted to $342,134. A ...
Life Power List 2023: Worldwide Hotels CEO Carolyn Choo going global with Singapore hospitality
CEO of home-grown Worldwide Hotels redefines the Singapore hotel scene by keeping prices affordable Read more at straitstimes.com.
Digital currencies and tokenisation likely to move crypto market in 2024 with practical uses
The drama of the crypto winter is not fully over, but investors and market players cite reasons for optimism in the new year. Read more at straitstimes.com.
Coinremitter Celebrates 10 Million Crypto Transactions
The year 2023 had so many surprises in the crypto world. We could see Bitcoin crossing 30,000 USD by April 2023 and even crossing 40,000 USD by late 2023. Recently, Ferrari started accepting crypto ...
Singapore exports enter fragile recovery after 13-month slump with electronics still in the red
Electronic exports, however, continued to decline, falling 12.7 per cent year on year in November. Read more at straitstimes.com.
More than 2,900 cartons of duty-unpaid cigarettes seized by Singapore Customs
SINGAPORE – A total of 2,900 cartons of duty-unpaid cigarettes were seized by Singapore Customs officers in an operation in Yishun on Dec 20. The goods and services tax (GST) evaded amounted to ...
Singapore stocks in the black amid festive cheer, STI up 0.9%
SINGAPORE – Local investors are getting a festive spring ... losing 2.3 per cent to US$2.14. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Sumitomo Life to Buy Stake in Singapore Insurance Business
Sumitomo Life Insurance has agreed to pay US$1.21 billion to TPG for a substantial stake in a Singapore insurance company.
Singapore investment banking fees down 24% to $882 million in 2023: LSEG
It came as the value of M&A deals with Singapore involvement hit US$50.7 billion so far in 2023 – the lowest since 2013. Read more at straitstimes.com.
Sumitomo Life moves to own all of Singlife, valuing Singapore insurer at S$4.6 billion
It valued Singapore as a key part of its South-east Asia strategy and “expects the deal to strengthen the earnings of its international business portfolio”, according to the filing. Singlife chairman ...
Japanese insurer Sumitomo offers to fully buy Singapore firm Singlife for $4.6 billion
SINGAPORE - In one of the largest insurance deals in the region, Japanese insurer Sumitomo Life Insurance Company will fully acquire local insurer Singapore Life Holdings (Singlife) for $4.6 billion.
Sumitomo Life to Buy Stake in Singapore Insurance Business for S$1.6 Billion
By P.R. Venkat Sumitomo Life Insurance has agreed to pay 1.6 billion Singapore dollars (US$1.21 billion) to TPG for a substantial stake in a ...
Court freezes US$1.14bil in failed crypto fund’s assets
A court has ordered a US$1.14bil worldwide asset freeze on the founders of collapsed cryptocurrency hedge fund Three Arrows Capital, the Singapore-based firm’s liquidators said.
Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million
Rolf Schnellmann helped conceal the income of U.S. taxpayer clients in offshore accounts in Switzerland, according to the New York federal prosecutors.
Ikea Singapore to absorb 1 percentage point GST rate increase in Jan 2024
Ikea Singapore will absorb the Goods and Services Tax (GST) increase that will kick in from Jan 1 next year, when the GST rate increases from 8 per cent to 9 per cent.