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Singapore’s SFO philanthropy scheme starts slow; Hong Kong AI governance playing catch-up

By Stanley Yupu Li , senior reporter | 2 September 2024 | 5 minutes read

Singapore’s Philanthropy Tax Incentive Scheme (PTIS), which seeks to incentivise single-family offices (SFOs) to commit capital to charitable causes, has seen sluggish demand since opening at the start of the year. Meanwhile, Hong Kong is playing catch-up to Singapore when it comes to AI governance but has recently launched a generative AI (Gen AI) sandbox to bolster adoption of this…

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