Singapore

April 24, 2018

Trek 2000 chairman, others involved in potential breaches of Singapore laws: forensic accountants

SINGAPORE – Forensic accountants from RSM Corporate Advisory have found potential breaches of various Singapore laws at Trek 2000 International and the involvement of current and former senior company officers, including current chairman and chief executive Henn Tan. Among other things, RSM raised issues involving possible round-tripping transactions, fabrication and alteration of transaction documents, as […]

April 24, 2018

MPA inks MOU to develop ‘future-ready’ seafarers for Singapore’s maritime sector

SINGAPORE – Maritime Singapore is ramping up efforts at developing human capital for the seafaring industry. A tripartite agreement signed on Monday (April 23) aims to help develop a future-ready pool of seafarers and equip them with the skills to cope with trends towards digitalisation and automation in the maritime sector. The Maritime and Port […]

April 23, 2018

Singapore consumer prices edge up 0.2% in March, below economist expectations

SINGAPORE’S inflation remained muted in March, as the cost of food and services rose more slowly compared with the preceding month. The consumer price index – the main measure of inflation – edged up 0.2 per cent in March compared with the same month last year, according to Department of Statistics data released on Monday. […]

April 23, 2018

Singapore and Thailand share digital economy experiences

Singapore’s plan to become the world’s first Smart Nation is well under way as the city-state adapts its economy to many technological changes, says Beh Swan Gin, chairman of the Economic Development Board. “Remaking” the economy means that technology will be merged into every aspect of Singaporean people’s lives, he said at the recent launch in […]

April 23, 2018

Singapore: Central banks fret trade war more deflationary than inflationary

SINGAPORE: Global central bankers sounded the alert that a trade war would leave them worrying more about the economic fallout than any boost tariffs would give to inflation. As President Donald Trump threatens to impose levies on imported steel and aluminium and duties on as much as US$150bil of Chinese goods, uncertainty over global commerce […]

April 20, 2018

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Plans revealed for real-time cross-border payments system between banks in Australia, China, Singapore and Thailand

Many countries in Asia-Pacific are developing domestic real-time payment systems. Examples include PayNow in Singapore, PromptPay in Thailand and the New Payments Platform (NPP) in Australia. But cross-border payments are still expected to take days. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it has held exploratory talks with a group of banks from Australia, China, Singapore […]

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