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Tag: business

Posted on 01/03/2025

Three charged in Singapore with alleged link to illicit shipments of Nvidia GPUs to China

Accused face up to 20 years in prison The authorities in Singapore have charged three men with fraud, allegedly in connection with the shipment of Nvidia GPUs into China in violation of US export ...

Posted on 01/03/2025

CEO Sherman Kwek should prioritize recovering $1.4B loss, says director siding with Singapore’s 4th richest man Kwek Leng Beng

A director of City Developments Limited who supports chairman Kwek Leng Beng has called on CEO Sherman Kwek to focus on resolving a SGD1.9 billion (US$1.4 billion) debt occurred from a failed China ...

Posted on 01/03/2025

Three charged in Singapore in case linked to illicit shipments of Nvidia GPUs to China

Accused face up to 20 years in prison The authorities in Singapore have charged three men with fraud, reportedly in connection with the shipment of Nvidia GPUs into China in violation of US export ...

Posted on 01/03/2025

Nvidia Chips Smuggled To China? 3 Men Charged In Singapore Amid US Export Crackdown

Three men were charged with fraud in Singapore on Thursday following raids linked to the alleged illegal movement of Nvidia chips to China, bypassing U.S. export controls. The men were among nine ...

Posted on 01/03/2025

Singapore arrests three in AI chip fraud case amid US crackdown on exports

The case raises concerns over AI chip smuggling, while Microsoft warns US restrictions could backfire, benefiting China.

Posted on 01/03/2025

5 key insights from feud between Singapore’s 4th richest man Kwek Leng Beng and CEO son at CDL

A power struggle at Singapore-listed property firm City Developments Limited (CDL) has put a spotlight on the father-son conflict at the heart of the company.

Posted on 28/02/2025

GST hike did not ‘turbocharge’ inflation as WP chief asserted; figure fell in both years of tax increase: PM Wong

Singapore would have ended up with fiscal deficits last year and for this year’s projected balance, without the Goods and Services Tax increase and unexpected rise in corporate income tax collections, ...

Posted on 28/02/2025

3 men in Singapore charged over Nvidia server fraud tied to China

Three Singapore men were charged with stealing from a supplier of computer servers, shedding light on the role of local intermediates in the global distribution of Nvidia Corp. chips.

Posted on 28/02/2025

Dollar draws strength from Trump’s tariffs; crypto slumps

Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday that hit risk-sensitive currencies such as the Australian dollar and sent ...

Posted on 28/02/2025

Dollar draws strength from Trump’s tariffs; crypto gets blasted

Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday that hit risk-sensitive currencies such as the Australian dollar and sent ...

Posted on 28/02/2025

Singapore stocks fall as trade tariff concerns re-emerge overnight; STI down 0.7%

Regional markets were also in the red on Feb 28. South Korea’s Kospi shed 3.4 per cent, Hong Kong’s Hang Seng Index declined 3.3 per cent, Japan’s Nikkei 225 fell 2.9 per cent, and the Kuala Lumpur ...

Posted on 28/02/2025

Who is Catherine Wu, adviser said to be the reason behind Singapore’s 4th richest billionaire Kwek Leng Beng’s feud with son?

Catherine Wu, adviser to Singaporean billionaire Kwek Leng Beng, has emerged as a key figure in the tycoon’s feud with his son Sherman Kwek after the latter called her the “primary reason” behind the ...

Posted on 28/02/2025

Closer look at key figures in CDL’s family business empire of Singapore’s 4th richest billionaire Kwek Leng Beng

More than 15 members of the Kwek family are part of Hong Leong Group, which controls City Developments Limited, now at the center of a dispute between chairman Kwek Leng Beng and CEO Sherman Kwek.

Posted on 28/02/2025

Singapore charges 3 for fraud reportedly linked to Nvidia chips

Singapore has charged three men with fraud, according to court documents, in cases reportedly linked to the transfer of AI-powering Nvidia chips to China.

Posted on 28/02/2025

Bitcoin down 25% from all-time high as crypto sell-off deepens

Bitcoin has tumbled amid worries about Trump's combative stance and broader concerns about the US economy. Read more at straitstimes.com.

Posted on 28/02/2025

Spectre of Trump’s tariffs hammers risk currencies, crypto

By Rae Wee SINGAPORE (Reuters) -Investors unnerved by the prospect of U.S. President Donald Trump's impending tariffs drove a wave of selling on Friday in risk-sensitive currencies such as the Aussie, ...

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