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Crypto.com has appointed a former top government employee to lead its Singapore office. Mr Chin Tah Ang most recently headed Digital Industry Singapore, a joint office between three Government agencies.

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Koh Tuck Lye, also known as Xu Dalai, the co-founder of Chinese venture capital firm Shunwei Capital, has been granted an option to buy 11 Bali Lane, for S$23 million. 

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Shopee-owner Sea posted a bigger second-quarter loss than expected. Net loss more than doubled to US$931.2 million in the June quarter, from US$433.7 million a year earlier.

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In an effort to boost inclusive growth in the city-state and protect the most vulnerable groups from high inflation, Singapore's next prime minister hinted that the wealthy may face more taxes. As Singapore's income inequality has narrowed based on the Gini coefficient, the government probably should "lean more towards inclusive growth," said deputy prime minister Lawrence Wong.

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Asia's industrial sector accounts for over 35 per cent of the region's annual carbon-dioxide emissions. Envision Group has signed an agreement with the government of Spain to build Europe's first net-zero industrial park. The group has set itself a "very ambitious but achievable" goal of building 100 such parks around the world over the next decade.

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Chamath Palihapitiya is asking investors for more time to complete a pair of blank-check deals as the industry is plagued by a regulatory crackdown and broader malaise. The billionaire has helped take SPACs mainstream, raising a more than US$5 billion across the ten blank checks he has led, successfully taking public space tourism company Virgin Galactic Holdings and SoFi Technologies. Social Capital Hedosophia VI raised US$1.15 billion in October 2020 and Social Capital IV has US$460 million in proceeds.

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Tesla shareholders greenlit a 3-for-1 stock split that is poised to take place on Aug 24. Essentially, shareholders will get 2 additional shares for every share of Tesla they hold on the Aug 17 record date, while trading on a split-adjusted basis will start from Aug 25.

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The S&P 500 ended lower on Friday, weighed down by Tesla and other technology-related stocks after a solid jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation.

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Social media giant's bond deal sold in four parts. Longest portion of the offering, a 40-year security, yields 1.65 percentage points above Treasuries. Meta just posted its first year-over-year quarterly revenue decline. Company may be more likely to use the money to significantly bolster its share buybacks. Meta has been using cash to repurchase stock, including $5.1 billion in the second quarter of this year.

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