Singapore
The Western Connect Magazine - Singapore Court Rules in Favor of PM
News

Singapore Court Rules in Favor of Former Georgia Prime Minister, Orders Credit Suisse Trust to Pay $926 Million

Credit Suisse Trust was found liable for multi-million dollar fraud against Bidzina Ivanishvili and their family, resulting in substantial losses. TWC – In a significant ruling, the Singapore International Commercial Court has instructed Credit Suisse Trust to compensate former Georgia prime minister Bidzina Ivanishvili and his family with $926 million. The court concluded that a fraudulent […]

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The Western Connect Magazine - Singapore's DPM Wong Warns of tough competition for Investments
Asia News

Singapore’s DPM Wong Warns of tough competition for Investments

Deputy Prime Minister Lawrence Wong says Singapore can’t afford to outbid the big boys for investments from multinational corporations TWC – Singapore’s Deputy Prime Minister Lawrence Wong addressed the annual May Day Rally, warning Singapore already feels the impact of tough investment competition. As significant economies mobilize enormous sums of money to build their strategic […]

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The Western Connect Magazine - Singapore Doubles Property Tax Rate for Foreign Buyers
News

Singapore Doubles Property Tax Rate for Foreign Buyers

To ease affordability for locals and cool the red-hot housing market, Singapore has doubled its tax rate for foreign property buyers. TWC – Singapore’s government is implementing measures to cool its red-hot housing market, including increasing property taxes to ease locals’ affordability and maintain its financial hub competitiveness. In a statement, the government announced that […]

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