The Swiss bank, which acquired Credit Suisse in 2023, settled the probe into violations of an agreement with the DOJ over American clients who evaded taxes.
Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case involving Singapore accounts
A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than US$510 million, the US Department of Justice said on Monday.
Singapore’s Grab taps Solana DePIN project Natix to ‘reshape mapping’
Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s DePIN, to cooperate on mapping and autonomous driving technologies.
BTSE Cares Foundation & Singapore Football Club Renew Winning Partnership
BTSE Cares Foundation, a charitable foundation backed by BTSE, a world-leading cryptocurrency exchange, is proud to announce the extension of its partnership with Singapore Football Club (SFC), ...
Singapore stocks end higher on Monday; STI up 0.2%
SINGAPORE] Stocks in Singapore ended higher on Monday (May 5), tracking Friday’s gains on Wall Street. Read more at The Business Times.
Enterprise Singapore launches new one-stop Sustainability Hub website for SMEs
SINGAPORE] Enterprise Singapore (EnterpriseSG) launched the new SME Sustainability Hub on Tuesday (May 6), a website that aims to help small and medium-sized enterprises (SMEs) access information on ...
Credit Suisse to pay $658 million in US tax evasion case involving Singapore accounts
Swiss bank maintained accounts in Singapore on behalf of US taxpayers using offshore accounts to evade taxes. Read more at straitstimes.com. Read more at straitstimes.com.
Why a US-listed video game firm is paying a premium for a Singapore-based tech products distributor
SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution ...
Singapore entities will be able to list product carbon data aligned with global methodology
SINGAPORE] Businesses and organisations in Singapore can now list product carbon footprints based on global standards with the Singapore Emission Factors Registry. Read more at The Business Times.
Singapore dollar closes in on 10-year high as Trump tariff turmoil saps US dollar dominance
Singdollar was trading at 1.2964 per US dollar at 9.30 am local time on May 6, up 4.6 per cent to date in 2025. Read more at straitstimes.com. Read more at straitstimes.com.
Trump’s crypto ventures complicate path for stablecoin legislation as Democrats revolt
Democrats are putting up new resistance to crypto legislation prioritized by the Trump administration as some object to the involvement of the Trump family in that industry as well as a host of other ...
Singapore-Pacific Alliance free trade agreement enters into force for Republic, Chile and Peru
The five-country FTA will enter into force for Colombo and Mexico when they complete the process. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore retail sales bounce back in March, rising by 1.1%
The total retail sales value that month was $4.3 billion. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore stocks end higher, with STI up 0.2%
Top gainer is DFI Retail Group at US$2.71; the biggest decliner is Yangzijiang Shipbuilding at $2.11 Read more at straitstimes.com. Read more at straitstimes.com.
Grab appoints Alejandro Osorio as new managing director for Singapore
SINGAPORE] Ride-hail and delivery giant Grab announced on Monday (May 5) that Alejandro Osorio has been appointed as managing director (MD) of Grab Singapore. Read more at The Business Times.
Gates Foundation to open office in Singapore – its 12th worldwide
SINGAPORE] The Gates Foundation – one of the world’s largest private philanthropic organisations – will be opening an office in Singapore, said Bill Gates on Monday (May 5). Read more at The Business ...