September 24, 2018

SGX, Third500 to build emerging growth IPO market

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 private investments, and are looking…

Read more

POSTED BY

Wan Wei Han

September 21, 2018

Universal SGQR code rolled out in Singapore

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 Nets. Singapore’s interbank instant fund…

Read more

POSTED BY

Wan Wei Han

September 20, 2018

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

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 debt-for-equity rescue, will be introduced…

Read more

POSTED BY

Wan Wei Han

September 19, 2018

Changes to Individual Income Tax Law in China

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 NationalPeople’s Congress of the People’s Republic of China (PRC). It will be effective…

Read more

POSTED BY

Wan Wei Han

September 18, 2018

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

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 78 percent peak-to-trough decline after…

Read more

POSTED BY

Wan Wei Han