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Advisory

Home/Posts/News/Advisory

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 [...]

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 [...]

North Korean charged over cyber attack that hit NHS

By |2018-09-14T10:14:14+08:00September 14th, 2018|Cyber Risk, News|

A North Korean man has been identified as part of a group behind the WannaCry ransomware which caused havoc to the NHS. US authorities say Park Jin Hyok was part of the state-sponsored "Lazarus Group", which was allegedly being responsible for hacks on Sony Pictures and the theft of $81m [...]

British Airways – 380,000 card payments ‘compromised’

By |2018-09-13T15:09:50+08:00September 13th, 2018|Cyber Risk, News|

Shares of British Airways' parent company IAG fell around 4% as markets opened on Friday morning, hours after the airline said the credit card information of at least 380,000 customers had been "compromised" in a data theft. The airline said people using BA.com and its mobile app for flight bookings [...]

Singapore health system hit by ‘serious breach of data’

By |2018-07-25T00:04:42+08:00July 25th, 2018|Cyber Risk, News|

A total of 1.5 million SingHealth patients’ non-medical personal data were stolen, while 160,000 of those had their dispensed medicines’ records taken too, according to MCI and MOH. This latest incident draws similarity to the NHS hacking incident which occurred in the UK in 2017, during the WannaCry incident. SINGAPORE: [...]