SINGAPORE - Terraform Labs’ co-founder Do Kwon is facing a US$56.9 million (S$79.8 million) representative action suit in Singapore over his alleged role in a wipeout of cryptocurrencies he created.
As Parliament approves higher carbon prices, some MPs fear business toll but others want heftier emissions tax
Parliament on Tuesday (Nov 8) voted to sharply increase the tax on carbon emissions over the next five years but not before some Members of Parliament (MPs) flagged concerns that the plan could mean ...
Singapore firm accused by international NGO of ‘carbon footprint arbitrage’
A Singaporean energy firm may have committed "carbon footprint arbitrage" by selling off a coal firm to reduce its greenhouse gas emissions exposure while effectively retaining control of the company, ...
Singapore Tourism Market is Projected to Reach at a US$ 27 Bn by 2022 | FMI
The global singapore tourism market is estimated to garner a revenue of US$ 27 billion in 2022, surpassing US$ 39.9 billion by 2032, advancing at a CAGR of 4% during the forecast period (2022-2032).
Ports of Singapore and LA, Long Beach to Establish a Green and Digital Shipping Corridor
Port of Los Angeles, Port of Long Beach and C40 Cities have begun discussions to establish a green and digital shipping corridor between Singapore and the San Pedro Bay port complex. The corridor will ...
Singapore proposes to raise carbon tax to S$25 per tonne for greenhouse gas emissions in 2024 and 2025
Progressive increases will set Singapore on a trajectory to reach between S$50 to S$80 per tonne by 2030, said Minister for Sustainability and the Environment Grace Fu.
OCBC enables authentication tech for foreign business owners to open new bank account
OCBC Bank is making it easier for foreign owners of Singapore-incorporated small and medium-sized enterprises (SMEs) to open business banking accounts, through the use of digital passport ...
The Big Read: Defying doubters, Singapore built a flourishing start-up scene within a decade. Can it take the next step up?
"Scale-ups" refer to start-ups that have a stable business model and have proven their viability. Based on this measure, Dr Wong said that Singapore is “making good progress”, though he ...
Singapore ranks fifth out of 30 economies in index on sustainable trade
Singapore is rated fifth in the world when it comes to sustainable trade, which covers economic, societal and environmental aspects, according to a report released on Tuesday.
Singapore estimates carbon dioxide equivalent emissions to peak between 2025 and 2028
In Singapore's second update to its 2030 Nationally Determined Contribution, it indicated a reduction in emissions to about 60 million tonnes of carbon dioxide equivalent in 2030 – a 5 million-tonne ...
Hong Kong takes on Singapore for Asia’s crypto crown
Hong Kong has kicked off a contest to become Asia’s crypto capital as investors and executives warn rival Singapore may be squandering its head start with its pivot to stricter regulation. The sudden ...
Singapore sovereign fund and Dream Industrial to buy Summit Industrial Income REIT
A Singaporean sovereign wealth fund and Dream Industrial REIT have formed a joint venture to buy Summit Industrial Income REIT in a deal valued at $5.9 billion, including assumed debt. Summit holds a ...
Singapore’s GIC, partner to buy Canadian REIT Summit for $3.3 billion
A GIC signage is pictured during their results announcement in Singapore July 2, 2019. REUTERS/Anshuman Daga ...
Inside the new business ‘snuggle class’ double beds
The trend to mix business with pleasure lends itself to an increase in demand in the premium leisure category." In ultra-swanky international first class, double beds have been the norm since the ...
Thai and Singapore currencies most at risk from yuan’s slump
Investors in the Singapore dollar and Thai baht will have to brace for losses if the Chinese yuan, the worst-performing Asian currency on Monday, continues its fall against the dollar as the country ...
Significant opportunities in China for Singapore companies despite gloomy outlook: Gan
DESPITE “greater uncertainty” and a gloomy outlook in today’s world, there remains “significant opportunities” in China that Singapore companies can tap on, especially within the digital and green ...