The debt of households in Singapore may have risen in the past year, but their financial assets such as cash and stocks grew at a faster pace, so they can withstand pressures, says the central bank.
Singapore businessman tried for $1.1B investment scam, spent proceeds on Porsche, Rolls-Royce cars
A Singaporean businessman is being tried for allegedly swindling SGD1.5 billion (US$1.1 billion) from more than 900 investors and spending one-third of the amount on Porsche and Rolls-Royce cars, ...
Dragon Ball, One Piece studio’s Web3 game, Sun is top Trump crypto holder: Asia Express
Dragon Ball and One Piece studio is making a new blockchain game, Justin Sun is the largest investor in Donald Trump’s WLFI: Asia Express ...
Singapore’s strong brand name in China comes down to Singaporeans there: SM Lee
SINGAPORE’S brand name and its cultural, business and personal connections with China have allowed the two countries to work together and learn from each other. Read more at The Business Times.
Hong Kong initiates crypto tax exemption plans for hedge funds, private equity funds, and billionaires
Hong Kong has initiated plans to exempt private equity funds, hedge funds, and billionaires from paying taxes on realized gains from crypto investments. The policy changes could see Hong Kong emerge ...
Bitcoin retreats from US$100,000 in worst spell since Trump’s win
People have been looking for an excuse to take some profits... We’re still very confident the current bullish market sentiment will continue into 2025.” ...
Hong Kong proposes tax breaks to attract crypto hedge funds, investors
Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles in a bid to strengthen its position as a leading crypto financial hub.
Amazon invested $2 billion in Singapore in 2023
SINGAPORE - Amazon invested $2 billion across its retail and cloud businesses in Singapore in 2023. The capital injection covers infrastructure upgrades to its fulfilment centres, delivery stations ...
Manufacturing and export growth bolster Singapore corporates
Corporate debt servicing capabilities are expected to remain resilient, says MAS. Singapore corporates benefitted from the growth in the manufacturing and export activities as well as less restrictive ...
I set up a business where I got paid to play Dungeons & Dragons. We now run 180 games a month at our main studio, and I’m living the nerdworld dream.
Farez Najid found a way to make a living as a professional Dungeons & Dragons dungeon master. He now runs multiple studios and a training program.
Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs
Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two ...
MGen’s PacificLight allots $900 million, to bid for 600-MW Singapore plant
PacificLight Power Pte. Ltd., controlled by Meralco PowerGen Corp. (MGen), plans to spend around $900 million to double its capacity, aiming to be a leading energy supplier here in the island country.
Business in SG looking to hire head of AI, proper frameworks still a barrier
Business leaders capable of effectively tracking and measuring the impact of AI are much more likely to see tangible business benefits emerge on both company and employee levels. However, measuring ...
Singapore trader pleads not guilty to US$1.1bil nickel scam-fraud that has rocked the business community
An ex-accountant accused of running a billion-dollar nickel scam that rocked Singapore’s business community pleaded not guilty on Tuesday to 42 charges including fraud and money laundering.
Singapore Gulf Bank plans $50m funding to acquire stablecoin payments firm
Singapore Gulf Bank to acquire a stablecoin firm, fund growth, and prepare for a Q1 2025 equity sale, backed by Bahrain Mumtalakat and Whampoa Group.
Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition
The crypto-friendly digital bank Singapore Gulf Bank is reportedly looking for a fund injection of at least $50 million as it plans to acquire a stablecoin payments company in 2025. On Nov. 25, ...