Tiger Beer, BreadTalk and Ya Kun Kaya Toast among SG brands facing boycott in Myanmar Details 18 February 2021
Some Singaporean F&B brands have been called out for not taking a stand concerning the recent military coup in Myanmar. Graphics urging consumers to boycott Singaporean brands have been circulating online, especially on Facebook and Twitter.
The graphics said Singapore is the largest investor in Myanmar, adding that the country “is not respecting the voices of the Burmese. Singapore is supporting the dictatorship”. Accompanying these statements were the image of the Singapore flag and logos of Tiger Beer, BreadTalk, Ya Kun Kaya Toast, Beauty In The Pot, Crystal Jade Kitchen, and Ippudo being crossed out. The hashtags #BoycottSingapore and #WhatsHappeningInMyanmar were also included on the graphics.
Singapore resumes requirement to list companies beneficial owners
Out-Law News | 09 Feb 2021 | 2:38 am |
Singapore has reopened the system through which it requires companies to identify their beneficial owners to a regulator. They must do this by June or face $5,000 fines.
Companies and limited liability partnerships (LLPs) have been required to keep a list of their beneficial owners in a Register of Registrable Controllers (RORC) since 2017. Last July a new requirement was introduced that meant they had to send a copy of that list to the Accounting and Corporate Regulatory Authority (ACRA).
That process was suspended in September but the digital system for filing RORC information was reopened on 1 February.
Deloitte China whistleblower circulates damning presentation on social media that alleges audit failures of RYB Education
Deloitte in China is in hot water after a PowerPoint alleging audit failures began circulating on Chinese social media.
Big Four firm Deloitte is under pressure after one of its employees reportedly made a 55-page PowerPoint presentation that exposed the firm’s alleged accounting violations in China.
The PowerPoint, which has been circulating on Weibo, a Chinese website similar to Twitter, has alleged that when Deloitte was auditing the financial data of its client RYB Education in 2017, a member of the auditing project told the whistleblower “not to be so careful and fill the numbers randomly,” the Global Times reported.
Bloomberg.
California-based Bayshore set up the Singapore office late last year and appointed Marie Young, its deputy chief investment officer, as a director, the news agency says in a report on February 4.
A check on the website of the city state’s Accounting and Corporate Regulatory Authority confirms the family office has been established and shows that it shares the same building as private lender Bank of Singapore.
Family offices are dedicated companies set up to manage the personal finances of wealthy families, who also use them to fund charitable works.
Brin joins other high profile ultra-rich individuals who have been setting up family offices in Singapore in recent years. They include UK entrepreneur James Dyson and China-born Shu Ping, co-founder of Haidilao, the world’s biggest chain of hotpot restaurants.