Singapore

Singapore's markets regulator has reprimanded Three Arrows Capital for filing false information, dealing a further blow to the crypto hedge fund being ...

The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), an embattled hedge fund, for providing inaccurate information to the ...

BlockFi, a cryptocurrency lending firm, is said to have supplied 3AC with Bitcoin, but the company was unable to fulfill a margin call owing to the bear market. The fund had previously informed MAS that it was changing its management to the British Virgin Islands. The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), an embattled hedge fund, for providing inaccurate information to the authorities.

Adrian Wong advises equity sponsors, government authorities and others on energy, infrastructure and data centre project development, including M&A. Wong ...

On Thursday, beleaguered crypto hedge fund Three Arrows Capital got a sharp warning from Singaporean regulators, who accused the crypto firm of supplying ...

The liquidation process is being handled by The restructuring firm Teneo is currently identifying the value of 3AC's assets. "In light of recent developments which call into question the solvency of the fund ... MAS is assessing if there were further breaches," MAS said. The Monetary Authority of Singapore says the firm, which is technically based in Singapore, provided "misleading" information about its move to the British Virgin Islands last year.

Forest rangers Andrew Lewis and Jamison Martin, who assisted in the swamp search and rescue, said the hiker drank swamp water to survive and that he was found ...

Martin said the man had recently been doing a lot of cycling and that he was in “decent shape” for someone of his age. The man from Singapore was also facing especially rough weather conditions, rangers said, with cold nights and rainy days that brought the man in and out of hypothermic states. He described small periods of sleep to the rangers, but they said he had severe lapses in his memory and that it was “tough to nail down details.” Martin said the man looked like he’d been in a bath for three days, with hands “pruned beyond what I’ve ever seen a human’s hands (look like) before.” Rangers said the man from Singapore was ready to drive away as soon as they swapped his wet clothes out for dry ones. Martin said the man rationed what little food he had and drank swamp water to survive. He went up and down a stretch of the mountain looking for it; he thought he found it, but he ended up in the swamp. Martin said that multiple interviewees said the man was visibly “whooped.” New York State Police also assisted in the search with a helicopter, but Martin said they ran into weather conditions that kept them from fully entering the search area. The man’s wife connected forest rangers with one of her stateside friends who was able to come by a more recent Strava map from the man. Martin said the “ball started to roll for a significant search after that.” On Wednesday, June 22 around 9 a.m., Martin said he got a call from Ray Brook Dispatch saying a woman from Singapore was on the other line. Rangers are reminding hikers to select hikes that are appropriate for their skill level and to practice safety and preparedness on the trail.

The Monetary Authority of Singapore is intensifying scrutiny of Three Arrows Capital as the crypto hedge fund faces liquidation after failing to repay ...

Regulator says it is assessing whether the cryptocurrency hedge fund breached more rules, following solvency concerns.

Singapore Airlines now has seven Australia routes. But where do its passengers actually go? Singapore Airlines Airbus A350-941 Photo: Vincenzo Pace | Simple ...

Singapore Airlines' largest ten transit markets were as follows. Analyzing where they went shows that South Asia was the largest subregion, followed by Southeast Asia, Western Europe, and Northeast Asia. These four subregions had three-quarters of Singapore Airlines' Australia transit passengers. In full-year 2019, Cirium shows that Singapore Airlines had over 4.1 million Australia roundtrip seats for sale. Between June 30th and October 29th, Singapore Airlines has up to 17x daily Australia flights, more than to all of Europe and North America. However, despite the addition of Darwin and Cairns, flights remain down. Singapore Airlines has seven passenger routes from its Changi hub to Australia. That's up by one over the same period in 2019. Between the end of June and the end of October, the Star Alliance member flies 11% of Australia's international flights.

The Monetary Authority of Singapore (MAS) today issued a notice that crypto fund Three Arrows Capital (3AC) provided the regulator with "false information.".

In today's reprimand, the regulator now indicates, however, that "this representation was misleading" because Su Zhu, one of the fund's founders, was also a shareholder in the BVI-based fund. Teneo Restructuring will reportedly assist in the proceedings. The MAS also reprimanded 3AC for did not notify the regulator of "changes in the directorships and shareholdings of its directors," as well as breaching the allowable sum that 3AC could manage.

Evelyn Ang and Glenda Lee, both former Dentons Rodyk corporate partners, are returning to Dentons alongside EY partner Emily Low, a statement on Thursday said.

+44(0) 800 098 86009 (UK & Europe) +1-855-808-4530 (Americas) Evelyn Ang and Glenda Lee, both former Dentons Rodyk corporate partners, are returning to Dentons alongside EY partner Emily Low, a statement on Thursday said.

Workers paint the facade of a historical building complex, formerly a Catholic convent known as the Convent of the Holy Infant Jesus (CHIJ), in Singapore on ...

In the Catholic Church, this honor comes with broader moral duties and higher accountability. Following the example of other sectors, the local Church is invited to overcome its insularity and embrace its global and regional responsibility. Despite the fact that many religious orders established in Singapore are actively collaborating with other parts of Asia, priests and churchgoers admit that the local Church has been quite insular. It is a matter of vision and commitment. But again, the cardinalate cannot be reduced to a papal election behind closed doors. Of course, it would not make sense to simply copy and duplicate what is already done elsewhere. Of course, Manila will continue to host training programs for Asian clergy members and lay people. Singapore is a place where ideas can be exchanged, preconceptions questioned, and global collaborations expanded. Besides, Singapore has developed a model of religious coexistence that many countries envy. With China remaining closed and access to cities like Shanghai and Hong Kong being significantly difficult, Singapore is becoming an even more vital international hub for trade and business. Clearly, 35 years after Operation Spectrum, the Holy See seems determined to move on, hoping that Singaporeans can now play a more active role in the pastoral care of the universal Church. Over the years, Lion City has been extremely proactive in fostering international cooperation.

Singapore's central bank says Three Arrows Capital failed regulatory requirements when moving fund management to the British Virgin Islands.

The co-founder of beleaguered crypto hedge fund Three Arrows Capital is seeking to sell one of his luxury homes in Singapore as the company faces ...

It is a beer made with only the finest ingredients: premium German barley malts, aromatic Citra and Calypso hops, farmhouse yeast from Norway – and ...

Some breweries have also incorporated reclaimed water into their products, including in Canada, Germany and the US. Brew uses NEWater, wastewater that Singapore’s Public Utilities Board has treated with microfiltration and reverse osmosis as well as ultraviolet light to remove contaminants, bacteria and viruses. Brewerkz describes the beer as “highly quaffable” and suitable for Singapore’s tropical climate, with a smooth, toasted honey-like aftertaste.

A new blond ale being sold in Singapore will allow beer-drinkers to literally “get pissed.” The alcoholic beverage, called NEWBrew, uses recycled sewage ...

NEWBrew isn’t the first beer that uses recycled sewage. The alcoholic beverage, called NEWBrew, uses recycled sewage water to create the drink. Singapore also uses the NEWater process in which sewage water is subjected to a microfiltration that weeds out microscopic particles and bacteria.

The water agency says the new beer is part of an effort to educate Singaporeans on the importance of sustainable water use and recycling.

Zhu and his wife purchased the property late last year for S$48.8 million ($35 million) and now they are selling it in what analysts call a slowing market.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Title searches show Zhu’s wife, Tao, owns another detached house worth S$28.5 million on Dalvey Road in Singapore which is currently being renovated. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

A Malaysian drug trafficker is due to be hanged in Singapore next week, campaigners said Friday, two months after the execution of a mentally disabled man ...

"The courts found that he had the working of a criminal mind, and he made a deliberate, purposeful, calibrated, calculated decision to make money, to bring the drugs in," the minister said. In a BBC interview released this week, Home Affairs and Law Minister K. Shanmugam said Singapore had maintained the death penalty because "there's clear evidence that it is a serious deterrent for would-be drug traffickers". A Malaysian drug trafficker is due to be hanged in Singapore next week, campaigners said Friday, two months after the execution of a mentally disabled man in the city-state sparked outrage.

Reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC co-founder Su Zhu and his wife.

“The Monetary Authority of Singapore today reprimanded Three Arrows Capital Pte. Ltd. (3AC) for providing false information to MAS and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC),” the press release reveals. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. “A verified source has confirmed that Su Zhu is urgently trying to sell his $35m house in Singapore, currently held in his [daughter’s] trust,” Fatman tweeted. The Singapore properties are allegedly in Zhu’s name and his wife’s name as well. “Today, he is sending all the [leftover] balance from his wallets to CEX so that he can get as much money as possible. The publication Edgeprop’s reporter Cecilia Chow detailed that records show from 2019 to 2021, Su Zhu purchased three bungalows in Singapore that cost him around $83.55 million. 3AC is also accused of breaching the MAS assets under management (AUM) threshold. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC co-founder Su Zhu and his wife. “Today, he is selling 10 USDC, trying to pay off debt after his $20 [billion] fund imploded. Following the ostensible BVI liquidation notice, the Monetary Authority of Singapore (MAS) published a press release that says 3AC misled regulators. Two weeks ago, The Block’s Frank Chaparro cited sources that said the crypto hedge fund 3AC was liquidated for $400 million. Sources noted two days ago, that a British Virgin Islands (BVI) court liquidated the hedge fund’s assets as well, but the sources did not disclose what type of assets were allegedly seized.

Construction work on a $14 billion project to build the world's biggest automated port by 2040 in Singapore, is continuing onto the next phase.

“Tuas capacity comes online while the industry is still challenged by shortages of port capacity,” said Jeremy Nixon, CEO of Ocean Network Express. “Singapore will be able to look after its existing business and be able to further grow in 2022 and 2023 because of that.” With exporters in Asia facing increasing obstacles to transport goods to customers in the US and Europe, as a result of Covid lockdowns in China and the war in Ukraine, it’s becoming more urgent for ports to add capacity and speed. The highly automated port will double the existing capacity and improve efficiency, while featuring drones and driverless vehicles, according to a report by Bloomberg.

The Monetary Authority of Singapore is assessing if there were more breaches by the crypto hedge fund.

Three Arrows was incorporated as a company in Singapore in January 2013. It also prompted a court in the British Virgin Islands to order liquidation against Three Arrows this week. The breaches by Three Arrows and potential fallout from the incident may sit awkwardly with Singapore, which has set out ambitions to be a key hub for businesses related to cryptocurrency.

Singaporean Minister for Foreign Affairs Vivian Balakrishnan will conclude a six-day visit to Portugal today. Balakrishnan's visit to Portugal was primarily ...

Expect also that PSA International may continue to rely on the blessings of the Singaporean government to expand its operations. In the longer run, Singapore will likely take a leading role in tackling issues of water access and rising ocean levels. Balakrishnan’s visit to Portugal was primarily centered around issues related to water and sustainability, major concerns for the island nation.

Authorities in Singapore are investigating troubled crypto hedge fund Three Arrows Capital, the country's central bank announced Thursday.

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