SINGAPORE: The information-sharing process between different agencies was among the key issues raised as MPs debated the move to halt German insurer Allianz’s planned offer for Singapore’s Income ...
Enterprise Singapore Boost Financing For Singaporean Firms Expanding Into Africa
Enterprise Singapore (EnterpriseSG) and the African Export-Import Bank (Afreximbank) have signed an agreement to improve access to financing for Singaporean companies looking to expand into Africa.
IN FOCUS: Love them or hate them, Singapore’s property agents are on the rise – but for how long?
With the emergence of platforms that remove the need for a middleman, the relevance of real estate agents - all 35,000 of them in Singapore - has come under the spotlight.
Crypto VC Market ‘Tepid’ as Q3 Investments Declined 20%, Says Galaxy Digital
Allocator interest in crypto VC and venture capital more broadly is down from prior years,” Alex Thorn, head of firmwide research at Galaxy Digital, told CoinDesk, referring ...
EU regulator ESMA calls for stronger cybersecurity measures in crypto’s MiCA
The European Securities and Markets Authority (ESMA) has called for stricter cybersecurity measures under the EU’s Markets in Crypto-Assets Regulation (MiCA).
MPs raise questions over communication, business uncertainty in move to block Allianz-Income deal
These issues and more were raised in a lengthy Parliament debate lasting four hours. Read more at straitstimes.com.
Husband and wife live-streamers peddling branded goods on FB fined total of $849k for GST evasion
A married Singaporean couple were fined a total of $849,000 on Oct 15 for fraudulent evasion of goods and services tax (GST) through suppressing values of the imported goods and omitting freight ...
China emerges as India’s top import source
China is now India's top import source with USD 56.29 billion in shipments from April to September this fiscal. The US is the leading export destination, with goods worth USD 40.38 billion. Imports ...
China emerges as India’s top import source during Apr-Sep 2024: Commerce min data
China has emerged as India's top import source with $ 56.29 billion worth of inbound shipments during the April-September period of this fiscal, according to the commerce ministry data. During the ...
Singapore oil tycoon OK Lim faces 20-year sentence for fraud
Singapore oil tycoon Lim Oon Kuin is facing 20 years in prison for deceiving lender HSBC in one of Singapore’s biggest trading scandals in the energy sector.
Singapore’s Temasek seeks CCI approval to invest in this cloud kitchen platform
Temasek, through Jongsong Investments, is eyeing a major investment in Rebel Foods, aiming to raise $100-$200 million and likely obtaining a 20-25% stake.
Singapore stocks track regional losses on Oct 16; STI down 0.1%
Gainers outnumber losers 288 to 233, as 1.5 billion securities worth $1.2 billion change hands. Read more at straitstimes.com.
Couple behind livestreaming retailer fined over $800k for evading GST
A Singaporean couple running a livestreaming business selling branded goods from overseas underdeclared product values, evading over $90,000 in Goods and Services Tax (GST) and $4,000 in freight ...
Couple behind Vanity Closet fined $849,000 for evading GST
Wang Siew Ching, 34, and her husband Rayson Loo Sian Hao, 33, on Oct 15 Oct were convicted and fined for evading Goods and Services Tax (GST) on imported goods. Wang is the director of Vanity Closet ...
Singapore firm accused of deforestation through ‘shadow’ firms linked to Indonesia’s controversial food estate project
Palm oil company First Resources has denied that it has secured sugarcane concessions in Papua through its subsidiaries, which would jeopardise a no-deforestation pledge the company made almost ...
Neil Parekh Nimil Rajnikant on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
Two Bills being debated in Parliament on Tuesday (Oct 15) “present significant opportunities” for Singapore, said NMP Neil Parekh Nimil Rajnikant. He said the Income Tax (Amendment) Bill incentivises ...