Tag: Singapore

  • Singapore’s investors pumped $29.4 bil into offshore real estate in 2018

    Singapore-based investors were Asia’s most active group of offshore real estate investors in 2018, contributing US$21.6 billion ($29.4 billion) of the region’s total outbound investment, according to a report by CBRE on March 7. “Driven by limited opportunities and compressed yields in the domestic market, Singapore investors will continue to seek enhanced yields offshore to…

  • Goldsky Asset Management to Open Offices in Both Hong Kong and Singapore

    Australian quantamental investment and data science firm, Goldsky, has announced today it will open offices in both Hong Kong and Singapore. SYDNEY, Oct. 3, 2018 /PRNewswire/ — Goldsky Asset Management, a Proprietary Quantamental Investment and data science firm, has announced today it will open offices in both Hong Kong and Singapore cementing its presence in Asiaand the confidence it has in the APAC region. The APAC…

  • Tangem Launches Bitcoin Banknotes in Singapore

    [box size=”large”]SINGAPORE, May 7, 2018 /PRNewswire/ — Tangem, the new smart banknote platform, launches pilot sales of physical bitcoin notes at the Megafash Suntec City store in Singapore.[/box] Available immediately in denominations of 0.01 and 0.05 BTC, Tangem Notes radically improve the simplicity and security of acquiring, owning, and circulating cryptocurrencies for both sophisticated and incoming users. Based on…

  • NuMoney Cryptocurrency Exchange Launch in Singapore. Malaysia & Indonesia Will Be Next.

    [box size=”large” style=”rounded” border=”full”]NuMoney Cryptocurrency Exchange is making alt-coin support a top priority[/box] SINGAPORE, April 12, 2018 /PRNewswire/ — After surpassing great milestones, like crossing SGD1.2 Million in turnover in their first 2 months, and SGD2.5 Million in January 2018, NuMoney is ready to advance towards their next huge milestone – The NuMoney Exchange. With the launch of the NuMoney Exchange on 6 April 2018,…

  • Balanced Growth in Singapore as Economy Gathers Pace

    More individual investors from Japan, Australia, Indonesia, the UK and France set sights on Singapore SINGAPORE, Feb. 21, 2018 /PRNewswire/ — Singapore ended the year positively with 14,115 new businesses formed in Q4 2017, according to data presented in Hawksford Singapore’s latest research report, Singapore New Business Trends Report Q4 2017. Despite a 10.7% decline quarter-on-quarter (QoQ), Hawksford Singapore noted…

  • INTL FCStone Financial Enhances Its Offshore Mutual Fund Offering Through Agreement with Allfunds Bank

    NEW YORK, Feb. 13, 2018 /PRNewswire/ — INTL FCStone Inc. (NASDAQ: INTL) today announced that its wholly owned subsidiary, INTL FCStone Financial Inc. (“the Company”), has entered into an agreement with offshore mutual fund distribution platform Allfunds Bank.  The relationship further enhances the offerings of the Company’s Correspondent Clearing Division, which is now the only U.S.-based clearing firm with access to the…

  • Buried Treasure: How Much Is Hidden in Tax Havens?

    Switzerland, which developed cross-border wealth-management in the 1920s, once was in a league of its own as a tax haven. Since the 1980s, however, tax-dodgers have had a rich menu to choose from: They can hide assets anywhere from the Bahamas to Hong Kong. The percentage of global wealth held offshore has increased dramatically—but it…

  • What Puerto Rico Tells Us About Global Trade

    Trade in tax often trumps trade in tasks. The United States compiles data about Puerto Rico’s trade with the world. The largest supplier of imports to Puerto Rico? Ireland. The second largest? Singapore. Tax trumps gravity, it seems. Incidentally, Switzerland jumped into third place in the 2016 league table, leaping past other exporters of chemicals and Puerto…

  • Not Singapore or Mauritius: Paris is the new tax haven for FPIs

    Global financial giant Citi has drawn financial ministry officials’ attention that foreign funds and global banks are taking advantage of India’s treaty with France by using Paris as a base for investments in India to escape tax, reports the Economic Times. Foreign funds and global banks may be taking advantage of India’s treaty with France…