Latest News for: Singapore offshore services

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Keppel and Boskalis sell Singapore and Malaysian towage ventures

Seatrade Maritime News 16 Nov 2021
Boskalis and KS Investments (Keppel) have inked an agreement for the sale of their harbour towage activities in Singapore, Keppel Smit Towage (KST) and in Malaysia, Maju Maritime to Rimorchiatori Mediterranei ... Boskalis acquires Rever Offshore to grow subsea services business.
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2 trust firms under MAS scrutiny before data leak

Straits Times 03 Nov 2021
Mr Wong was addressing questions from a number of MPs on the offshore data leak and how MAS ensures that offshore wealth management services in Singapore remain lawful and legitimate by international standards, among other concerns ... Assuring the House that Singapore takes the integrity of its financial sector very seriously, he added.
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Pandora Papers leak: 2 companies with business activities in S'pore were under MAS scrutiny

Straits Times 03 Nov 2021
Mr Wong was addressing questions from a number of MPs on the offshore data leak and how MAS ensures that offshore wealth management services in Singapore remain lawful and legitimate by international standards, among other concerns ... However, Trident Trust has offices in over 20 jurisdictions, including Singapore, Panama, Seychelles and Switzerland.
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David Palmer joins GEV as founder and chairman Maurice Brand retires

Splash24/7 18 Oct 2021
He is currently serving as the CFO and COO of Britoil Offshore Services in Singapore. In 2018, Palmer completed a 12-year career as chief executive officer of Pareto Securities Asia, overseeing offshore and ship-related transactions with a total deal value exceeding $10bn ... Maurice Brand will retire on November 25.
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Pandora Papers: Oswal’s BVI firm sold coal from Indonesia mine he partly owned

Indian Express 14 Oct 2021
In 2009, Oswal moved to Singapore, set up a company structure to hold a 30 per cent stake in GTBO through Alata Overseas PTE Ltd (Singapore), and became the beneficial owner of Briskon Holdings (BVI) ... By September 2012, Oswal shifted Briskon Holdings to another corporate service provider in Singapore.
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When are shell companies legal, and when are they not?

Straits Times 13 Oct 2021
Asiaciti Trust, a Singapore-based offshore services provider, has been in the public eye since the biggest trove of offshore data on the world's richest and most powerful people was leaked earlier this month ... Asiaciti Trust Singapore's registered address is listed as #19-02, 61 Robinson Road.
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Pandora Papers leak: When are shell companies legal, and when are they not?

Straits Times 13 Oct 2021
SINGAPORE - Asiaciti Trust, a Singapore-based offshore services provider, has been in the public eye since the biggest trove of offshore data on the world's richest and most ...
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5 Key Things to Know About the Pandora Papers

Resilience 12 Oct 2021
The Pandora papers draws on leaks from confidential records at 14 different offshore wealth service firms in Switzerland, Singapore, Cyprus, Samoa, Vietnam, Hong Kong, as well as firms in well-known tax havens such as Belize, Seychelles, Bahamas and the British Virgin Islands (BVI).
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South Dakota Is a Major Global Tax Shelter, According to the Pandora Papers

truthout 10 Oct 2021
The Pandora Papers draws on leaks from confidential records at 14 different offshore wealth service firms in Switzerland, Singapore, Cyprus, Samoa, Vietnam, Hong Kong, as well as firms in well-known tax havens such as Belize, Seychelles, Bahamas, and the British Virgin Islands.
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Panama leaks lead to floods in Pakistan; not sure, as yet, anyone would be punished

The Siasat Daily 08 Oct 2021
This treasure trove of ill-gotten treasure has been culled from over ‘11.9 million files from 14 offshore law firms and service providers [,] such as Trident Trust, one of the world’s largest offshore service providers, with offices in the British Virgin Islands (BVI), Mauritius, Singapore and other secrecy jurisdictions, including the U.S.
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Insecure futures

Dawn 07 Oct 2021
This treasure trove of ill-gotten treasure has been culled from over “11.9 million files from 14 offshore law firms and service providers [,] such as Trident Trust, one of the world’s largest offshore service providers, with offi­ces in the British Virgin Islands (BVI), Mauri­tius, Singapore and other secrecy jurisdicti­ons, including the U.S.
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Sri Lanka probes president’s niece over Pandora Papers claims

Al Jazeera 07 Oct 2021
The ICIJ said that according to its analysis of a Nadesan trust’s financial statements, Nirupama Rajapaksa and Nadesan had offshore holdings worth about $18m in 2017. In emails to Asiaciti Trust, a Singapore-based financial services provider, a longtime adviser of Nadesan’s put his overall wealth in 2011 at more than $160m, the ICIJ said.
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Pandora Papers: The secret trove that illuminates the lives of billionaires

Independent online (SA) 06 Oct 2021
The records obtained by the ICIJ come from 14 offshore financial firms operating around the world - including in Seychelles, Cyprus, the British Virgin Islands and Singapore - that provide the administrative services for people forming offshore companies.
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Pandora Papers: As a poisoned town sought justice, top chemical giant executive moved millions to ...

Indian Express 06 Oct 2021
... moved assets worth more than $50 million into trusts in Singapore and New Zealand with the help of a prominent offshore service provider and Swiss advisors, confidential records show ... The founder of Asiaciti Trust, an offshore services specialist in Singapore, was also there.
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Secret offshore accounts: Over 300 Indians, 700 Pakistanis named in Pandora Papers

The Times of India 04 Oct 2021
Documents accessed by Pakistani investigative journalists show that Khan’s water resources minister, Chaudhry Moonis Elahi, contacted a Singapore-based offshore services provider Asiaciti in 2016 about setting up a trust to invest the profits from a family land deal that had been financed by what the lender later claimed was an illegal loan.
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