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Tag: business

Posted on 31/10/2025

New York court backs Singapore liquidators with extended freeze on Multichain assets

A New York federal judge extended a $63 million asset freeze to assist Singapore liquidators in Multichain’s ongoing liquidation case.

Posted on 31/10/2025

Singapore shares fall amid mixed regional trading; STI down 0.2%

Singapore stocks ended lower with the Straits Times Index down 0.2%, as key regional indexes showed mixed performance. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 31/10/2025

Hong Kong pulls ahead of Singapore in race to attract crypto-treasuries: blockchain expert

Hong Kong’s push to regulate crypto platforms is paying off, with Web3 firms shifting headquarters from Singapore, says Gu Ronghui.

Posted on 31/10/2025

New York Court Extends Asset Freeze to Aid Singapore’s Multichain Liquidation

A U.S. court is now handling claims tied to $63 million in frozen Multichain USDC as New York and Singapore coordinate.

Posted on 31/10/2025

Japanese semicon photomask maker Tekscend breaks ground on new Singapore plant, set to create 60 jobs

New plant will be fully operation end-2026 or early 2027; aims to serve customers in Singapore, Malaysia and India Read more at The Business Times.

Posted on 31/10/2025

Singapore bakery chain Twelve Cupcakes, co-founded by former beauty queen Jaime Teo, shutters after 14 years

Twelve Cupcakes, a pastry chain co-founded by 2001 Miss Universe Singapore winner Jaime Teo, has shut down operations in Singapore after 14 years.

Posted on 31/10/2025

Chain bakery Twelve Cupcakes’s sweet journey in Singapore ends in bitter collapse after 14 years

SINGAPORE, Oct 31 — Singapore’s once-popular bakery cafe chain Twelve Cupcakes has gone into provisional liquidation, closing all 20 outlets and laying off around 80 employees without notice. The ...

Posted on 31/10/2025

US, Singapore Courts Team Up to Protect Multichain’s Missing Crypto

"Technology has essentially erased the relevancy in most instances of geographical borders in business transactions," said Alan Rosenberg, a partner at Markowitz Ringel Trusty + Hartog who is an ...

Posted on 31/10/2025

Singapore sets up world’s first non-profit to centralise purchase of sustainable aviation fuel

SAFCo will procure, manage and allocate the fuel at Changi Airport and Seletar Airport Read more at The Business Times.

Posted on 30/10/2025

Thai police arrest mastermind behind $14 million crypto Ponzi scheme

Thai authorities have arrested Liang Ai-Bing for running a huge cryptocurrency Ponzi scheme together with four other suspects.

Posted on 30/10/2025

Prysmian to complete in 2026 study on Sarawak-Singapore power export project

SINGAPORE: Cable supplier Prysmian expects to complete next year the front-end engineering design study for a project to export hydropower from Sarawak in Malaysia to Singapore, a company official ...

Posted on 30/10/2025

Singapore’s last traditional Teochew mansion reopens to public as heritage space, lifestyle hub

SINGAPORE] The last traditional Teochew mansion in Singapore will reopen to the public from Nov 1, for the first time in over 140 years. Read more at The Business Times.

Posted on 30/10/2025

Singapore total employment jumped by 24,800 in Q3; resident employment growth expected to lag: MOM

[SINGAPORE] Total employment in Singapore rose by 24,800 in the third quarter, led by strong growth in the manufacturing and construction sectors, according to advance estimates released by the ...

Posted on 30/10/2025

Singapore and Vietnam sign agreement on stable sustainable rice trade

GYEONGJU, South Korea: Singapore and Vietnam on Thursday (Oct 30) signed an agreement that will see Vietnam support the unimpeded export of a mutually agreed quantity of rice to Singapore on agreed ...

Posted on 29/10/2025

Singapore court grants GNC rights to Ron Sim’s LAC store leases

The ruling was based on findings that LAC had wrongfully terminated its agreements with US-based GNC. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 29/10/2025

Singapore faces pressure to reveal carbon tax concessions to oil giants

Carbon tax concessions granted to global oil giants may undermine incentives to shift to cleaner energy, environmentalists fear. So conservation groups in Singapore are ...

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