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Tag: tax

Posted on 07/05/2025

Singapore’s 6 billionaires under 50 boast nearly $20B in net worth

Only six of Singapore’s 49 billionaires are under 50, but they collectively hold a US$19.8 billion in wealth, according to Forbes’ 2025 ranking.

Posted on 07/05/2025

Credit Suisse agrees to pay over US$510M in US tax case involving Singapore accounts

The bank was sentenced for conspiring to conceal over US$4 billion from the US Internal Revenue Service (IRS) across at least 475 offshore accounts, which were maintained by the Swiss bank in ...

Posted on 07/05/2025

Singapore GasCo set up to centralise natural gas imports; ex-Pavilion Energy’s Alan Heng named CEO

By centralising procurement, GasCo aims to reap economies of scale and negotiate for more favourable gas contracting terms ...

Posted on 07/05/2025

Singapore, European Union sign new trade agreement to boost digital connectivity

SINGAPORE] Singapore and the European Union (EU) have signed a new agreement to facilitate end-to-end digital trade between both sides. Read more at The Business Times.

Posted on 07/05/2025

Singapore and EU sign digital trade pact, deepening cooperation amid global uncertainties

The EUSDTA is Singapore’s fifth such pact with other countries. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 07/05/2025

Singapore hotel figures slip in Q1, with main drags in March; visitor arrivals steady

Tourism board pointed to “exciting line-up of events” in the next few months, including Lady Gaga concerts. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 07/05/2025

Bitcoin Rises as US-China Trade Talks Spark Bullish Crypto Bets

Bitcoin rose alongside Asian stocks and a strengthening dollar after news that the US and China plan to hold trade talks.

Posted on 07/05/2025

Aster to acquire Chevron Phillips Singapore Chemicals

Aster Chemicals and Energy will acquire Chevron Phillips Singapore Chemicals through its affiliate Chandra Asri Capital, the company said in a press release on Wednesday.

Posted on 07/05/2025

Andy Gallagher to head Kantar Singapore’s Media and Creative business

Kantar has announced the appointment of Andy Gallagher, a seasoned global media and communications leader as the head of its creative and media business for Singapore.

Posted on 07/05/2025

CNA938 Rewind – #TalkBack: How rampant is the problem of silent directors in Singapore?

The High Court is setting out a stiffer sentencing framework for silent directors paid not to exercise oversight over companies they incorporate here. Lance Alexander and Daniel Martin discuss more ...

Posted on 07/05/2025

XRP News: Five Powerful Use Cases That Make Vaultro Finance The S&P 500 of Crypto World

1. Sector-Based Index Funds Vaultro enables the creation of on-chain funds that track specific crypto sectors — such as AI tokens, DeFi infrastructure, Metaverse projects, or payment protocols.

Posted on 07/05/2025

Pharma imports to US surged in March as drugmakers look to avoid tariffs

In recent months, drugmakers told Reuters they had taken the unusual step of sending more medicines by air to the U.S. Two of the biggest U.S. drugmakers said on recent investor calls that they had ...

Posted on 07/05/2025

Credit Suisse to pay $511M for helping Americans evade $4B in taxes

The latest plea deal caps a years-long investigation and underscores what federal officials described as a “massive criminal tax evasion scheme.” ...

Posted on 07/05/2025

Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax case involving Singapore accounts

The Swiss bank maintained accounts in Singapore on behalf of US taxpayers who were using offshore accounts to evade taxes and reporting requirements.

Posted on 07/05/2025

Singapore’s sovereign wealth fund hunts for tech startups ‘becoming verbs’ at S.F. conference

Singapore's sovereign wealth fund, GIC, is hosting a two-day event in San Francisco with plenty of famous guests.

Posted on 07/05/2025

DigiPlus incorporates Singapore unit to accelerate global growth

Digital entertainment company DigiPlus Interactive Corp. is poised to advance its global growth with the official incorporation of DigiPlus Global Pte. Ltd. in Singapore.

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