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News

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Accounting fraud takes a new dimension in China

By |2019-09-29T02:45:00+08:00September 29th, 2019|Advisory, News|

China’s biggest accounting firm Ruihua CPA’s is being investigated by the China Securities Regulatory Commission (CSRC) after one of its clients was found to have infested its profits by RMB 12billion ( US$1.74billion)over four years! This is not the first time Ruihua was investigated 3 years ago they were barred [...]

New S$75m grant to enhance Singapore as an enterprise financing hub

By |2019-05-01T10:00:36+08:00May 1st, 2019|Corporate Finance, News|

Singapore, 14 January 2019 - The Monetary Authority of Singapore (MAS) will launch next month a new S$75 million Grant for Equity Market Singapore (GEMS). Announcing this at the UBS Wealth Insights conference today, Mr Heng Swee Keat, Minister for Finance and MAS Board Member, highlighted Singapore’s vision to serve as [...]

Singapore’s first cybersecurity framework

By |2018-12-12T10:09:47+08:00December 12th, 2018|Cyber Risk, News|

The much discussed Cybersecurity Act 2018 (the Act), which was passed by the Singapore Parliament on 5 February 2018, came into force on 31 August 2018. The Act establishes a legal framework for the oversight and maintenance of national cybersecurity in Singapore. Its four key objectives are to strengthen the [...]

Temasek unit invests in blockchain-based platform iSTOX

By |2018-12-10T10:53:06+08:00December 10th, 2018|Blockchain, News|

THE Singapore Exchange (SGX) and Temasek Holdings holdings subsidiary Heliconia Capital Management have invested in iSTOX, a capital markets platform by blockchain-based infrastructure company ICHX Tech. The platform designed by ICHX Tech - a company incubated by Singapore investment firm ICH Group - aims to provide fast time-to-issuance and a [...]

SGX, Third500 to build emerging growth IPO market

By |2018-09-24T10:44:39+08:00September 24th, 2018|Initial Public Offering, News|

THIRD500, the Singapore-based affiliate of US investment bank, Healthios Capital Markets LLC, on Monday said it is partnering the Singapore bourse to build a pre-IPO (initial public offering) and IPO market for venture-backed emerging growth companies. In particular, Third500 focuses on companies that have each attracted on average US$60 million in [...]

Universal SGQR code rolled out in Singapore

By |2018-09-21T10:52:34+08:00September 21st, 2018|News, Transaction Processing|

A universal QR code was launched on Monday (Sept 17) to free merchants from the need to display multiple QR codes to accept different cashless payment schemes. Dubbed SGQR, the national QR code allows consumers to scan and transfer funds from as many as 27 e-payment apps, including GrabPay, Dash and [...]

Noble Group’s Top Creditors Seek to Draw Line Under Crisis

By |2018-09-20T10:24:35+08:00September 20th, 2018|Asia Pacific, News|

Noble Group Ltd. plans to introduce the schemes of arrangement that underpin its restructuring this week, a key step in the creation of a new company that senior creditors signaled will hold to the highest standards of corporate governance after a drawn-out crisis. The schemes, which buttress the $3.5 billion [...]

Changes to Individual Income Tax Law in China

By |2018-09-19T10:19:10+08:00September 19th, 2018|Corporate Income Tax, News|

China’s top legislature passed the amendment to the Individual Income Tax Law on Friday 31 August 2018. This article explores the main changes introduced by the new legislation. On 31 August 2018, China’s Individual Income Tax Law (Amendment) was passed by the National People’s Congress of the People’s Republic of [...]

Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash

By |2018-09-18T10:24:09+08:00September 18th, 2018|Blockchain, News|

The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index’s [...]

Singapore Land Frenzy Slows After Property Curbs

By |2018-09-17T10:45:14+08:00September 17th, 2018|Asia Pacific, News|

The bidding frenzy for Singapore land has slowed to a trickle, going by the results of the first auctions since property curbs were tightened. Just three bids were submitted for the Jalan Jurong Kechil site in the island’s northwest, compared to 24 received in April last year for the nearby [...]