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Money launderers likely to buy used cars, parallel imports
MONEY launderers are unlikely to buy new cars from authorised dealerships (ADs) due to existing anti-money laundering (AML) measures, and may instead look to used or parallel import car sales from smaller outfits.
Record number of million-dollar HDB flats sold in August; resale volume jumps 20.3%
THE number of million-dollar flat transactions hit a new high in August 2023, in tandem with a 20.3 per cent jump in resale Housing and Development Board (HDB) flat volumes.
US sanctions are hurting Chinese AI ambitions, but impact can be mitigated: Tencent
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CHINESE tech companies are being forced to adapt, as export restrictions on high performance artificial intelligence (AI) chips have hamstrung the training of AI models in China.
Australian billionaire Cannon-Brookes takes a fresh swing to sell solar to Singapore
THE sun may be back up on Sun Cable’s audacious multibillion-dollar solar project to ship sunshine from Darwin, Australia, to Singapore via what would be the world’s longest and deepest subsea cables.
mm2 Asia invests HK$19 million in Unipact to expand concert business in Asia
MAINBOARD-LISTED mm2 Asia has subscribed for HK$19 million (S$3.3 million) of exchangeable bonds issued by Hong Kong concert organiser Unipact Entertainment and Productions to enhance its live entertainment presence in Asia.
Singapore stocks close higher despite regional losses, STI gains 0.1%
STOCKS in the Singapore market closed in a surprising positive note despite widespread losses in key markets in the region on Thursday (Sep 7).
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