Trading firm director convicted of illegally importing 1,787 elephant tusks into Singapore.

Dao Thi Boi, 40, was found guilty of importing a scheduled species without a permit She had not taken all reasonable precautions or exercised all due diligence before helping her client with his shipment in 2018, a judge found The shipment was found to contain almost 1,800 pieces of elephant ivory She will return to…

Singapore raises 2021 trade forecasts again as exports grow 9% in Q3

  SINGAPORE: Singapore raised its trade forecasts on Wednesday (Nov 24) amid a “better-than-expected” performance and robust global semiconductor demand in the third quarter of 2021. Higher oil prices also supported the oil trade and in turn total trade, Enterprise Singapore (ESG) said in its review. Non-oil domestic exports (NODX) could now grow by between…

PSA to acquire US supply chain company BDP International – Commentary

On the face of it, combining port operations and logistics operations makes perfect sense as it links the first mile and last mile of a container journey. With the application of the right technology, it could improve the customer experience, allow for easier monitoring of shipments, and ease the compliance burden. The challenge of operating…

Director of freight company fined S$105,000 for offences, including evading GST

  SINGAPORE: A freight forwarding company director was fined S$105,000 last week for fraudulently evading the payment of Goods and Services Tax (GST), as well as for abetting a consignee to furnish false information to Singapore Customs. Tang Yong Hoe, 43, is the sole director of I-Do Logistics, Singapore Customs said in a news release…

Company director fined S$50,000 for evading GST on imports of flashlights

10 September 2021 – SINGAPORE A company director has been fined S$50,000 for evading Goods and Services Tax (GST) on shipments of LED flashlights and other accessories, Singapore Customs said on Friday (Sep 10). Kong Ming Jie, 36, incorrectly declared the value of goods in the shipments. He also failed to retain documents relating to the imports,…

Carlsberg hopeful vaccine rollout will revive consumer demand

15 April 2021 – CARLSBERG Brewery (M) Bhd maintains a cautious outlook for this year due to the persevering effects of Covid-19 pandemic and possible government regulations that will impact on-trade sales due to depressed consumer sentiment. Its MD Stefano Clini said in Malaysia, the second Movement Control Order (MCO 2.0) from January hit recovery…