1MDB Update: Fifth conviction in 1MDB case, over valuation report
From The Edge Markets Maylasia This article first appeared in The Edge Malaysia Weekly, on May 29, 2017 – June 04, 2017. IN September 2009, 1Malaysia Development Bhd invested US$1.0 billion in a joint venture with Petro Saudi International Ltd…
Airport with lush gardens
Singapore’s upcoming airport won’t feel like one, with lush gardens and indoor waterfalls BY VICTORIA HO From Mashable Airports are often merely places to kill a couple of hours during transit, but Singapore’s upcoming extension to its airport is going…
Scientists hunt down super rare T. Rex ant and are shocked at what they find
By Mike Wehner From BGR In nature, creatures that look ferocious and intimidating oftentimes have personalities to match. So, when researchers finally managed to find an active colony of an ant species with a frightening appearance and a name that…
JTC acquires Merrill Lynch’s international trust and wealth structuring business and enters into wider strategic relationship
Independent fiduciary, funds and corporate service provider JTC has confirmed its acquisition of Merrill Lynch Wealth Management’s International Trust and Wealth Structuring business (“ITWS”) subject to regulatory approvals. The ITWS business provides the administration of trust services for Merrill Lynch…
Rs 2,650 crore money laundering case: ED to seek Letters Rogatory for 3 countries
From Times of India INDORE: Enforcement Directorate officials in Indore will approach a special local court to seek Letters Rogatory or letter of request (LR) for UAE, Singapore and the USA to get assistance from these countries in the on-going…
Jakarta: Government records repatriated funds worth Rp146 trillion
Jakarta (ANTARA News) – Repatriated funds, based on asset statement letters (SPH), reached Rp146 trillion, according to the tax amnesty statistics of the Taxation Directorate General of the Finance Ministry, Friday, the last day of the tax amnesty program. Data…
Why becoming a tax haven would be bad news for Britain
By Richard Murphy From The Guardian UK Theresa May and Philip Hammond have warned the EU that if they don’t like the Brexit deal, they could turn the UK into a tax haven. The truth is that being ‘offshore’ means…
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Bike-sharing companies are flooding the market, but this one insists its bikes are smartest
BY YVETTE TAN From Mashable Singapore now has a third bike-sharing company in just a few months. One of China’s largest bike-sharing firms, Mobike launched here on Tuesday, adding to the growing list of bike-sharing companies that have mushroomed. Like…
The Pentagon got caught trying to hide embarrassing cost overruns on Navy ships
By Paul Szoldra From Business Insider If the data you need to release to the public is potentially embarrassing, there’s always classification review to the rescue. The US Government Accountability Office deleted details of cost overruns on two of the…
Collas Crill included as Top 10 Offshore Law Firm
Collas Crill has been listed as one of the Top 10 Global Offshore Law Firms by both The Lawyer Magazine and Legal Business. Both publications produce an annual ranking of the highest calibre offshore firms with The Lawyer listing the…
