The acceptance and display of the donated statues of Sir Stamford Raffles and Dr Nathaniel Wallich in Fort Canning Park recognise the colonial legacies that the country has been able to “build (upon), ...
Six Family Office Funds Tied to Singapore Launder Case Got Tax Breaks
Six single family office funds linked to a S$3 billion ($2.2 billion) money laundering case in Singapore have received tax incentives from the Monetary Authority of Singapore.
Child abuse cases investigated by Singapore’s ECDA rise to 147 in 2023
SINGAPORE: The number of child abuse cases investigated by the Early Childhood Development Agency (ECDA) increased to 147 cases in 2023, from 137 cases in 2022.
Singapore digital banks face down ticking clock
TIME flies and it has already been four years since the digital retail banks in Singapore made a modest splash with their launch on the banking scene. With the initial hype behind them, both GXS bank ...
Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report
The largest bank in Singapore is partnering with a major stablecoin issuer to offer a new crypto custody service.
Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...
3 men arrested after Customs officers find contraband cigarettes; over $800k in taxes evaded
Singapore Customs officers seized a total of 7,500 cartons of duty-unpaid cigarettes. Read more at straitstimes.com.
Businesses affected by Singapore oil spill may get help with rent
Minister for Sustainability and the Environment Grace Fu acknowledged the frustration and inconvenience that affected businesses have experienced.
Singapore’s unlikely rise as a digital tech powerhouse
FOR decades, Singapore has been held up as a model of successful state-led economic development. However, many doubted whether this top-down approach could succeed in the rapidly evolving digital economy,
Indranee Rajah on Bills to strengthen Singapore’s anti-money laundering regime
Corporate service providers (CSPs) support companies in a range of key activities. They therefore serve as “gatekeepers” against the misuse of companies and are regulated by the Accounting and ...
Singapore prepared to recognise a Palestinian state with an effective govt that accepts Israel’s right to exist
Singapore voted in favour of the UN resolution expressing support for Palestine’s membership, the foreign minister noted on Tuesday.
New Singapore law quadruples fines for corporate service providers that breach anti-money laundering duties
The new law will require all businesses that provide corporate services to register with ACRA, even if they do not transact with the authority.
Singapore raises crypto exchange risk level to medium-high
The Monetary Authority of Singapore (MAS) has upped the risk level for crypto exchanges from medium-low to medium-high. This change reflects updates to the country’s Countering the Financing of ...
Paxos partners with Singapore’s DBS bank for stablecoin custody
Stablecoin issuer Paxos has tapped Singapore’s DBS bank as its custodial partner. The bank will be responsible for cash management and the custody of Paxos’ stablecoin reserves. This is the first time ... ( read original story ...)
UOB confident to “contribute meaningfully” to Johor-Singapore Special Economic Zone development
"With UOB’s extensive regional network... we are well positioned to support business growth in Singapore, Malaysia, and across the region." — UOB ...
6 single family office funds linked to $3b money laundering case were given tax benefits: DPM Gan
SINGAPORE – A total of six single family office (SFO) funds in Singapore given tax benefits were found to be linked to the 10 foreigners arrested and convicted in the nation’s largest money laundering ...