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…

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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…

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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…

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Wan Wei Han

September 17, 2018

Singapore Land Frenzy Slows After Property Curbs

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 Toh Tuck Road plot. Only…

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Wan Wei Han

September 14, 2018

North Korean charged over cyber attack that hit NHS

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 (£62m) from a bank. The…

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POSTED BY

Wan Wei Han