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Kashagan, a vast oilfield in Kazakhstan, will be visited by Chinese President Xi Jinping on Saturday as he tours post-Soviet Central Asia to secure hydrocarbons for the world's largest energy consumer. China's rising influence in Central Asia can be seen in the US$5 billion deal between China and Kazakhstan…


In accordance to a communique published on Friday, G20 leaders have agreed to start sharing tax information by 2015. The decision was taken to tackle large organizations who engage in global tax evasion by using legal loopholes. Recommendations from the G20 members will be heard on the matter of setting…


Singapore's Central bank has released figures and statistics which show that Singapore has overtaken Japan's foreign exchange volume.  The volume establishes Singapore as Asia's biggest foreign exchange center. Khoon Goh, a senior currency strategist at Australia & New Zealand Banking Group Ltd (ANZ)…


The managing head of the Company Registrar Spyros Kokkinos has commented on the avoidance of companies to pay the annual company levy in Cyprus and the implications it may have in taking swift actions on behalf of the government by striking them off. Between the months of March and May, the period of…


Due to the age of the world wide legal system, international tax planners find legal avenues that enable multinational corporations to avoid paying tax on their reported profits. The concept that multinationals use for their tax avoidance is one - have subsidiaries and partners worldwide and sales derive…


Singapore, Second In World Wide Ranks

The Forum's annual Global Competitiveness Report has posted that Singapore and Finland hold second and third places respectively after Switzerland for the most Competitive Economies worldwide. Switzerland, for the fifth running year, has kept its title of the most competitive economy, however experts…


Singapore Million Dollar Club Growing

A mixture of Singaporeans, permanent residents and foreigners, has increased the number of millionaires in Singapore, as released from the Inland Revenue Authority of Singapore (IRAS). Specifically, tax payers with more than $1 million assessable income amount to 4,220 with a combined income of $8.06…


The key to a successful career within the corporate environment, especially for top executives is a persistent understanding to balance work and family ties. Top Executives are people who like to undertake the challenge of managing large corporations for the ultimate benefits of the shareholders.  The…


Hard Work Pays Off In Singapore

Even though they are proud and optimistic about the future, Singaporeans claim that they are tired of the fast paced lifestyle that economic growth has brought upon their country. A recent study, where candidates were picked randomly in proportion to the demographics of Singapore and interviewed on…


The final agreement on the recapitalization of BOC as drafted from the Cypriot authorities to avoid the collapse of the Bank and as pressured by the EU was constructed as follows - all depositors' funds exceeding 100,000 Euros would have 37.5% of their funds converted into equity for the bank's capital…