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Tag: tax

Posted on 05/11/2024

New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies

The USDG stablecoin is issued out of Singapore by Paxos, and is broadly in line with the Monetary Authority of Singapore's upcoming stablecoin ...

Posted on 05/11/2024

Crypto firms including Robinhood, Kraken launch global stablecoin network

A consortium of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday introduced a joint stablecoin pegged to the U.S. dollar. The aim of the newly ...

Posted on 05/11/2024

One of the world’s best airlines is adding a flyer-favorite feature to its business class as premium competition heats up

Singapore's said its new premium seats will mirror what customers can expect on its highly-anticipated Boeing 777X once it eventually enters service.

Posted on 05/11/2024

Commentary: Singapore food isn’t what it used to be – or is it just me?

Today, there are 18 outlets across Singapore. While there are undoubtedly benefits to expanding the business, such as leveraging economies of scale to lower costs, there are also trade-offs. Sean Kee ...

Posted on 05/11/2024

Singapore Airlines’ all-new A350 first, business class suites

Facing further delays in the arrival of its next-gen Boeing 777-9 fleet, Singapore Airlines will now launch the 777X first and business class suites on its A350s in a sweeping SGD$1.1bn upgrade ...

Posted on 05/11/2024

Crypto giants Coinbase, a16z back $78M PAC to shape 2026 election

Crypto giants Coinbase and Andreessen Horowitz (a16z) have invested heavily in Fairshake, a pro-crypto and bipartisan super PAC gearing up for the 2026 U.S.

Posted on 05/11/2024

Singapore’s central bank sets the stage for global asset tokenization boom

Singapore is priming the world for increased tokenization of financial services. In a recent Monetary Authority of Singapore (MAS) media release, the MAS announced the rollout of Project Guardian, a ...

Posted on 05/11/2024

Singapore’s ex-broker gets 9-month jail sentence for stock manipulation

A former Singaporean stockbroker has been sentenced to nine months in jail for manipulating the Singapore Exchange to gain SGD$255,385 (US$194,000) illegally.

Posted on 04/11/2024

Changi Airport Group loses appeal to have tax break for $270m spent on assets like runways

SINGAPORE - Changi Airport Group (CAG) has lost an appeal to have a tax break for $270m spent on assets over three years. In dismissing the appeal, Justice Choo Han Teck said the assets – two runways ...

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).

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