Latest news with #Sydney-headquartered
New Paper
6 days ago
- Business
- New Paper
S'pore businessman nabbed before flight at Bangkok airport over suspected tax evasion
A Singaporean businessman who was about to fly back home was arrested at Bangkok's Suvarnabhumi Airport over suspected tax evasion to the tune of more than 5.2 million baht (S$205,000), Thai police said on June 4. He was identified by the Thai police's Economic Crime Suppression Division (ECD) as David Liu, 71, a former director of media analytics company Isentia Monitoring Services (Thailand). Liu was about to board a flight to Singapore on June 2 when he was arrested in the Thai capital, said ECD commander Thatphum Charuprat. He was arrested for allegedly trying to evade by fraud or deceit value-added tax payable by Isentia. Investigations had found that the Singaporean was an authorised director of the media company from July to October 2015. According to an annual report by Isentia, Liu was appointed as the Asia chief executive of the Sydney-headquartered media intelligence company on June 1, 2015. He left Isentia in 2019, according to a post on LinkedIn, where he is now listed as CEO of a data intelligence firm. He admitted to previously being the director of Isentia, but denied wrongdoing, the Bangkok Post reported, citing ECD commander Thatphum Charuprat at a media briefing. Thailand's Revenue Department had filed a complaint against Isentia after discovering an incorrect tax filing of zero tax returns despite the company being found to have generated revenue. But no company representative responded after a police summons was issued, said the police. The suspected damages against the state in lost revenue was nearly 5.24 million baht, said the ECD. An arrest warrant was subsequently issued by the Phra Khanong Criminal Court. Liu was tracked by the police and arrested at Suvarnabhumi Airport before he boarded his flight. If convicted, he faces a fine of up to 200,000 baht and a seven-year prison term.
The Star
6 days ago
- Business
- The Star
Singaporean businessman nabbed before flight at Bangkok airport over suspected tax evasion
David Liu was about to board a flight to Singapore on June 2, 2025 when he was arrested in the Thai capital. - Photo: CIBTHAILAND/Facebook SINGAPORE: A Singaporean businessman who was about to fly back home was arrested at Bangkok's Suvarnabhumi Airport over suspected tax evasion to the tune of more than 5.2 million baht (S$205,000), Thai police said on Wednesday (June 4). He was identified by the Thai police's Economic Crime Suppression Division (ECD) as David Liu, 71, a former director of media analytics company Isentia Monitoring Services (Thailand). Liu was about to board a flight to Singapore on June 2 when he was arrested in the Thai capital, said ECD commander Thatphum Charuprat. He was arrested for allegedly trying to evade by fraud or deceit value-added tax payable by Isentia. Investigations had found that the Singaporean was an authorised director of the media company from July to October 2015. According to an annual report by Isentia, Liu was appointed as the Asia chief executive of the Sydney-headquartered media intelligence company on June 1, 2015. He left Isentia in 2019, according to a post on LinkedIn, where he is now listed as CEO of a data intelligence firm. He admitted to previously being the director of Isentia, but denied wrongdoing, the Bangkok Post reported, citing ECD commander Thatphum Charuprat at a media briefing. Thailand's Revenue Department had filed a complaint against Isentia after discovering an incorrect tax filing of zero tax returns despite the company being found to have generated revenue. But no company representative responded after a police summons was issued, said the police. The suspected damages against the state in lost revenue was nearly 5.24 million baht, said the ECD. An arrest warrant was subsequently issued by the Phra Khanong Criminal Court. Liu was tracked by the police and arrested at Suvarnabhumi Airport before he boarded his flight. If convicted, he faces a fine of up to 200,000 baht and a seven-year prison term. The Straits Times has contacted Isentia for comment. - The Straits Times/ANN
Straits Times
6 days ago
- Business
- Straits Times
Singaporean businessman nabbed before flight at Bangkok airport over suspected tax evasion
David Liu was about to board a flight to Singapore on June 2 when he was arrested in the Thai capital. PHOTO: FACEBOOK/CIBTHAILAND Singaporean businessman nabbed before flight at Bangkok airport over suspected tax evasion SINGAPORE – A Singaporean businessman who was about to fly back home was arrested at Bangkok's Suvarnabhumi Airport over suspected tax evasion to the tune of more than 5.2 million baht (S$205,000), Thai police said on June 4. He was identified by the Thai police's Economic Crime Suppression Division (ECD) as David Liu, 71, a former director of media analytics company Isentia Monitoring Services (Thailand). Liu was about to board a flight to Singapore on June 2 when he was arrested in the Thai capital, said ECD commander Thatphum Charuprat. He was arrested for allegedly trying to evade by fraud or deceit value-added tax payable by Isentia. Investigations had found that the Singaporean was an authorised director of the media company from July to October 2015. According to an annual report by Isentia, Liu was appointed as the Asia chief executive of the Sydney-headquartered media intelligence company on June 1, 2015. He left Isentia in 2019, according to a post on LinkedIn, where he is now listed as CEO of a data intelligence firm. He admitted to previously being the director of Isentia, but denied wrongdoing, the Bangkok Post reported, citing ECD commander Thatphum Charuprat at a media briefing. Thailand's Revenue Department had filed a complaint against Isentia after discovering an incorrect tax filing of zero tax returns despite the company being found to have generated revenue. But no company representative responded after a police summons was issued, said the police. The suspected damages against the state in lost revenue was nearly 5.24 million baht, said the ECD. An arrest warrant was subsequently issued by the Phra Khanong Criminal Court. Liu was tracked by the police and arrested at Suvarnabhumi Airport before he boarded his flight. If convicted, he faces a fine of up to 200,000 baht and a seven-year prison term. The Straits Times has contacted Isentia for comment. Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
03-06-2025
- Business
- Yahoo
26 Degrees selects QuantHouse for enhanced US equities coverage
Sydney, London, New York, June 03, 2025 (GLOBE NEWSWIRE) -- Iress today announced that 26 Degrees Global Markets, the multi-asset prime broker, has added the QuantHouse Cboe One Feed to its US equity data coverage, further expanding its US trading capabilities and enhancing its offering for retail brokers seeking 'out of hours' access to US markets. The Cboe One Feed is the latest QuantHouse market data feed for Sydney-headquartered 26 Degrees and complements existing feeds for multi-asset data from North America, Europe and APAC trading venues. The addition of QuantHouse Cboe One Feed data will support 26 Degrees in the delivery of innovative and client-centric solutions to their global client base, and also reflects growing industry demand for extended market access, particularly in Asia. The Cboe One Feed offers consolidated, real-time market data from Cboe's four US equities exchanges – which collectively account for 21.2%* of US equities on-exchange trading. This includes data from the early hours trading session (4am – 7am ET), during which Cboe has a 40.5% market share*. QuantHouse's Head of EMEA & APAC Sales and Business Development, Rob Kirby, said: 'The integration of the new Cboe One Feed by 26 Degrees enhances its US market data coverage considerably, supporting CFD retail flow and meeting growing investor appetite, particularly in Asia, to trade around the clock. We are delighted to continue to support 26 Degrees' growth strategy with efficient, low latency access to market data from around the world, through a single connection.' 26 Degrees' Group Chief Commercial Officer, James Alexander, added: '26 Degrees' long-standing partnership with QuantHouse ensures our clients benefit from reliable, low-latency market data. By integrating new Cboe One Feed market data within our QuantHouse API interface, we can offer traders, particularly in Asia, unparalleled access to US markets, unlocking new growth opportunities.' Adam Inzirillo, Cboe's Global Head of Data Vantage, said: 'We are pleased that 26 Degrees and its clients now have access to the Cboe One Feed, which represents a comprehensive, reliable and high-quality source of US equities market data. Cboe is committed to meet the growing international demand for access to US markets, by delivering high-quality market data as efficiently as possible.' QuantHouse continues to expand its global market data reach and connectivity. The Cboe One Feed complements existing US equity venues and other exchange feeds across Canada, Europe and Asia Pacific regions, including Blue Ocean Technologies ATS, created specifically to enable global investors to trade US equities outside of New York Eastern Time market hours. For more information on accessing US Equities market data via QuantHouse, a division of Iress, clients are encouraged to contact their account manager. * Data 2025 YTD (January – May), excludes off-exchange trading reported through the Trade Reporting Facility (TRF) Ends For further details, please contact:Melanie BuddenMobile: +44 (0) 7974 937970Email: About QuantHouseQuantHouse (part of Iress) is a leading provider of international market data. It delivers high-performance API data feeds, historical and analytics data products it has crafted over the past 20+years to hedge funds, investment banks, brokers, market makers, financial technology providers and trading venues supporting integrated trading strategies, applications, and analytic databases. For more information please visit the website. About IressIress ( is a technology company providing software to the financial services industry. We provide software and services for trading & market data, financial advice, investment management, superannuation, life & pensions and data intelligence in Asia-Pacific, North America, Africa, the UK and Europe. About 26 Degrees26 Degrees Global Markets is an award-winning multi-asset Prime Broker specialising in providing prime services to broker-dealers, hedge funds, proprietary trading firms and family offices globally. With over a decade of proven history under former brand Invast Global, 26 Degrees is continuing to revolutionise the prime brokerage space by providing bespoke and innovative solutions to their clients internationally and responding quickly to the constantly evolving institutional client needs. CONTACT: Melanie Budden Mobile: +44 (0) 7974 937970 Email: in to access your portfolio
Business Times
26-05-2025
- Business
- Business Times
Australia's WiseTech agrees to buy E2open for US$2.1 billion
[BENGALURU] Australian software company WiseTech Global on Monday (May 26) announced its biggest deal to date, buying out US cloud computing firm E2open for US$2.1 billion to broaden its product offerings. The deal, which will be fully funded through a new US$3 billion debt facility underwritten by a syndicate of nine lenders including Deutsche Bank and HSBC, marks a significant bet by WiseTech on expanding its global footprint. WiseTech, known for its flagship CargoWise platform, is offering US$3.30 per E2open share – a 24.5 per cent premium to the US company's last closing price. Shares in WiseTech opened more than 5 per cent higher in Sydney and closed up 4.7 per cent at A$104.75. The acquisition would significantly enhance WiseTech's software capabilities, adding solutions in supply chain planning, procurement, trade compliance, and channel management. The acquisition also arrives at a pivotal moment for the Sydney-headquartered company. Billionaire co-founder and largest shareholder Richard White stepped down as chief executive in October 2024 after media reports alleged payments to a former sexual partner, prompting reputational scrutiny and a steep sell-off in shares. E2open has recently been facing worries around its growth trajectory amid heightened macroeconomic uncertainty. The latest acquisition dwarfs WiseTech's previous deals, including the US$414 million purchase of Blume Global in 2023, and positions the firm more squarely within the broader enterprise logistics and supply chain tech landscape. REUTERS
