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Tag: tax

Posted on 20/07/2024

In Singapore, ultra-rich China nationals do without Ferraris, S$100,000 whisky amid money-laundering crackdown

During Singapore’s economic boom, whisky dealer Manjit Gill sold daily to wealthy mainland Chinese clients, who would sometimes spend up to S$100,000 (RM348,114) on single malt. He told Bloomberg, now ...

Posted on 20/07/2024

This country just approved 16 insects as food — which buggy bite would you eat?

Singapore's state food agency embodied the phrase "Hakuna Matata" after approving a whopping 16 species of insects for human consumption, ranging from grasshoppers to beetle grubs. BarTa - stock.adobe ...

Posted on 20/07/2024

Chinese AI entrepreneur moves to Singapore for growth amid Beijing’s crypto curbs

Li sought his fortunes elsewhere as crypto-mining was one of GreaterHeat's core services. "For Chinese people, major business and living hubs include mainland China, Hong Kong, Taiwan and Singapore.

Posted on 20/07/2024

Man sentenced to two years and six-and-a-half months jail, S$700 fine for role in S$350,000 cryptocurrency heist

A man took part in a heist along with three others to steal S$350,000 in cash by pretending to be cryptocurrency sellers. On Thursday (July 19), Tobias ...

Posted on 20/07/2024

Jail for man who tagged along in a heist to steal S$350,000 from cryptocurrency buyer

A man took part in a heist along with three others to steal S$350,000 in cash by pretending to be cryptocurrency sellers.

Posted on 20/07/2024

Open for business: Chinese firms are Singapore-bound but will they stay?

After the pandemic, many multinationals saw the need to diversify their supply chains and businesses, said business professor Lawrence Loh, and the Singapore government saw that gap and rolled out the ...

Posted on 20/07/2024

Singapore houses more than half of family offices from Asia challenging London as a family office hub

SINGAPORE: Singapore is catching up as a competitor to London in the family office sector.... The post Singapore houses more than half of family offices from Asia challenging London as a family office ...

Posted on 20/07/2024

Singapore’s June exports fall steeper than forecast

Singapore's non-oil domestic exports fell 8.7% in June from the same month a year earlier, data showed on Wednesday, weighed down mainly by falls in non-electronic products.

Posted on 20/07/2024

WEEX’s Bold Move in Crypto Trading: Insights from VP Andrew Weiner

BlockBeats recently had the opportunity to speak with Andrew Weiner, the new Vice President of WEEX English Market. With a rich experience in the cryptocurrency sector, Andrew shared his journey, the ...

Posted on 19/07/2024

An Introduction to Doing Business in Singapore 2024 – New Publication from Dezan Shira & Associates

"An Introduction to Doing Business in Singapore 2024" covers market entry, tax, HR & payroll, and audit & compliance considerations.

Posted on 19/07/2024

Top 11 Frequently Asked Questions (FAQs) about T-Bills in Singapore [2024]

Since last year, you find everyone monitoring the Treasury Bills (T-Bills) monthly like clockwork. It’s the time of the month where many will park their cash on a short-term security to earn better ...

Posted on 19/07/2024

Company and 2 directors fined over illegal import of meat products from China

Long Yue Teng Trading Pte Ltd was fined $29,000 on July 18 for the possession of illegally imported meat products intended for sale and the unauthorised disposal of detained items. Read more at stomp.

Posted on 19/07/2024

Hyundai launches second made-in-Singapore electric car, expands charging options

Separately, Hyundai is expanding charging options for owners of its EVs. An agreement has been signed for SP Mobility to be the second provider of destination charging – that is, charging outside the ...

Posted on 19/07/2024

Singapore sends rescue teams to help crew of oil tankers on fire

Two oil tankers have caught fire about 55 km (34 miles) northeast of the Singaporean island of Pedra Branca, the Maritime and Port Authority of Singapore (MPA) said on Friday.

Posted on 19/07/2024

Who is Guo Wengui and why is Singapore blocking social media accounts linked to him?

The exiled billionaire teamed up with Donald Trump’s former adviser Steve Bannon to set up a political movement aiming to overthrow China's Communist Party.

Posted on 19/07/2024

Singapore orders social media sites to block 95 accounts, in first such use of foreign interference law

FIVE social media platforms have been directed by the authorities to block a network of 95 accounts that published coordinated posts spreading allegations that Singapore is being controlled by China.

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