It valued Singapore as a key part of its South-east Asia strategy and “expects the deal to strengthen the earnings of its international business portfolio”, according to the filing. Singlife chairman ...
Japanese insurer Sumitomo offers to fully buy Singapore firm Singlife for $4.6 billion
SINGAPORE - In one of the largest insurance deals in the region, Japanese insurer Sumitomo Life Insurance Company will fully acquire local insurer Singapore Life Holdings (Singlife) for $4.6 billion.
Sumitomo Life to Buy Stake in Singapore Insurance Business for S$1.6 Billion
By P.R. Venkat Sumitomo Life Insurance has agreed to pay 1.6 billion Singapore dollars (US$1.21 billion) to TPG for a substantial stake in a ...
Court freezes US$1.14bil in failed crypto fund’s assets
A court has ordered a US$1.14bil worldwide asset freeze on the founders of collapsed cryptocurrency hedge fund Three Arrows Capital, the Singapore-based firm’s liquidators said.
Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million
Rolf Schnellmann helped conceal the income of U.S. taxpayer clients in offshore accounts in Switzerland, according to the New York federal prosecutors.
Ikea Singapore to absorb 1 percentage point GST rate increase in Jan 2024
Ikea Singapore will absorb the Goods and Services Tax (GST) increase that will kick in from Jan 1 next year, when the GST rate increases from 8 per cent to 9 per cent.
Ikea Singapore to absorb 1% GST rate increase in Jan 2024
Ikea Singapore will absorb the Goods and Services Tax (GST) increase that will kick in from Jan 1 next year, when the GST rate increases from 8 per cent to 9 per cent.
Singapore court freezes US$1.14bil in failed crypto fund assets
SINGAPORE: A court has ordered a US$1.14 billion worldwide asset freeze on the founders of collapsed cryptocurrency hedge fund Three Arrows Capital, the Singapore-based firm’s liquidators said ...
Court Freezes $1.14bn In Failed Singapore-based Crypto Fund’s Assets
the Singapore-based firm's liquidators said Thursday. Three Arrows Capital filed for bankruptcy last year when its fortunes collapsed after a massive sell-off in assets it had bet on as prices ...
Singapore fuel oil inventories ease 4.7% to two-week lows
Exports out of Singapore rise 25% from last week * Top import volumes hail from Indonesia * No imports from Kuwait for fifth straight week By Jeslyn Lerh SINGAPORE, Dec 21 (Reuters) - Onshore ...
2 Singaporeans allegedly involved in the export of gas oil to North Korea charged in court
Both men face charges in contravention of the United Nations (Sanctions – DPRK) Regulations 2010. Read more at straitstimes.com.
Singapore director of 980 companies jailed after S$7.3 million laundered through China-linked firms under him
A Singaporean man ran a business helping China clients set up companies in Singapore and became a director of 980 companies this way.
Singapore stocks climb amid mixed regional trading, STI up 0.1%
Major regional markets were mixed after falls of around 1.5 per cent on the three key Wall Street indexes. Hong Kong’s Hang Seng edged up 0.04 per cent but Japan’s Nikkei 225 fell 1.6 per cent and ...
Pasir Ris mall slashing: Victims and alleged attacker were business rivals
Senior Minister and Pasir Ris-Punggol MP Teo Chee Hean visited Pasir Ris West Plaza to reassure residents and business owners on Thursday.
Where is Facebook co-founder Eduardo Saverin now? The Brazilian billionaire still owns a stake in Meta and is Singapore’s richest man, having grown his wealth to US$19.6 …
Eduardo Saverin invested US$15,000 in Facebook, then was infamously booted from the venture by Mark Zuckerberg, which was depicted in The Social Network starring Jesse Eisenberg and Andrew Garfield ...
CStone sells to Servier its exclusive rights to TIBSOVO® in Greater China and Singapore
In 2021, Servier acquired the oncology business of Agios Pharmaceuticals that had, since 2018, an exclusive collaboration and license agreement with CStone to develop and commercialize TIBSOVO in ...