S Korean tycoon creates shell companies in SG to evade tax
(20 July) - Lee Jae-Hyun, 53, allegedly stashed away undeclared assets worth about 96 billion won ($A93.5 million) and evading taxes worth 54.6 billion won since 2004. "This is a case where a business tycoon illicitly pocketed funds diverted from listed companies and evaded tax", prosecutor Park Jeong-Shik told journalists. Lee...
S’pore preferred by Indian property buyers
(21 July) - Singapore, Malaysia, New York, Dubai and some cities in the UK, the suburban areas of London in particular, are preferred destinations for Indian property buyers, according to real estate consultancy firm Jones Lang LaSalle. The real estate market in many countries offers lucrative investment prospects. Apart from...
HK surpasses S’pore as Asia’s most innovative market
Hong Kong is Asia's most innovative market (19 July) - According to the just-released sixth edition of the Global Innovation Index (GII) survey, Hong Kong has surpassed formerly top-ranked Singapore to become Asia’s most innovative market and seventh most innovative worldwide. Former champ Singapore’s global rank is just...
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