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Tag: crypto

Posted on 04/11/2024

Google’s Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

Google Korea CEO Kim Kyung Hoon faced the National Assembly over tax evasion allegations, asserting the company complies with tax laws.

Posted on 04/11/2024

Singapore stocks edge up on eve of US election following regional trend; STI rises 0.5%

On the STI, top gainer Hongkong Land continued to rally, closing up 7.1 per cent at US$4.80. Read more at straitstimes.com.

Posted on 04/11/2024

How one of the tiniest oil markets cost Singapore-based Trafigura $1.5 billion

Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com.

Posted on 04/11/2024

Singapore’s Changi Airport Group loses appeal to have tax break for more than RM893mil spent on assets like runways

SINGAPORE (The Straits Times/ANN): Singapore's Changi Airport Group (CAG) has lost an appeal to have a tax break for S$270 million (RM893 million) spent on assets over three years. In dismissing the ...

Posted on 04/11/2024

Three Arrows Capital (3AC) Crypto Fallout: Zhu Su’s wife sells her S$51M Singapore mansion amid financial turmoil

However, the hedge fund’s fortunes plummeted in 2022 due to a series of poor investment decisions coinciding with a broader downturn in the crypto market. Since the fund’s collapse, Zhu’s situation ...

Posted on 04/11/2024

Crypto platform Gemini clinches in-principle approval in Singapore

Gemini secures in-principle approval from Singapore regulators, marking a significant step in expanding its crypto services in the fast-growing Asian market.

Posted on 04/11/2024

Anchorage Digital Gets MAS License for Crypto Services in Singapore

Anchorage Digital Singapore has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS).

Posted on 04/11/2024

Rise of crypto custody as more financial institutions enter digital asset space

By 2030, tokenised assets could account for about 10 per cent of the world’s gross domestic product (GDP). Read more at The Business Times.

Posted on 04/11/2024

Genting Singapore’s RWS casino chief Andrew MacDonald steps down

He had done so to “pursue personal interests”, said RWS owner Genting Singapore in a bourse filing. Read more at straitstimes.com.

Posted on 03/11/2024

How one of the tiniest oil markets cost Singapore-based Trafigura over $1.5 billion

Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com.

Posted on 03/11/2024

Three Arrows Co-Founder’s Wife Sells High-Value Singapore Home

Evelyn Tao, Zhu Su’s wife, successfully sold a redeveloped luxury home in Singapore, finalizing the transaction by October 2024 amid financial scrutiny.

Posted on 03/11/2024

Crypto fund founder’s wife sells mansion for S$51mil

The wife of Zhu Su, the co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital (3AC), has managed to sell a mansion she owns here for S$51mil (RM168.5mil), despite a court-imposed ...

Posted on 03/11/2024

Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer

The Singapore-based digital asset exchange Crypto.com has acquired the US broker-dealer Watchdog Capital in an effort to launch equities trading for American customers.

Posted on 03/11/2024

Wife of 3AC founder sells Singapore mansion for $38.5 million

Tao Yaqiong, the wife of Zhu Su, co-founder of the bankrupt hedge fund Three Arrows Capital (3AC), sold her Singapore-based mansion for a whopping $38.5 million. She managed to complete the sale ...

Posted on 02/11/2024

Slight slowdown in Singapore’s factory output may just be a blip, say economists

Electronics remains a crucial driver of economic growth, despite its PMI also posting a slight drop to 51.4 points, from 51.5 points in September, according to data released by the Singapore Institute ...

Posted on 02/11/2024

27 proposals to boost Singapore’s competitiveness, with some ready to be implemented

SINGAPORE – One of the 27 recommendations in a Nov 1 report that aims to improve competitiveness has already been implemented, with a handful of others ready to be put into effect. The report by the ...

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