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Singapore’s inflation likely held steady in March: Reuters poll
SINGAPORE (Reuters) - Singapore’s annual headline and core inflation rates likely remained unchanged in March from the previous month, a Reuters poll showed on Friday. Singapore’s consumer price index is expected to have risen 0.5 percent in March from ... ( read original story ...)
Former Singapore Customs officer jailed for making fraudulent GST refund claims
A former Singapore Customs officer was sentenced on Friday (20 April) to 15 months and four weeks of jail and a penalty of $24,906.15 for fraudulently obtaining Goods and Service Tax (GST) tourist refunds. Pang Yeow Biah, 61, pleaded guilty in the State ... ( read original story ...)
KinderWorld Education Group Considers Singapore IPO
IPO targeted to take place as soon as the end of this year KinderWorld Education Group, which runs schools across Southeast Asia, is considering a Singapore initial public offering that could raise about S$70 million ($53 million), people with knowledge of ... ( read original story ...)
Property market uptrend to continue, buyers encouraged to look at regional centres
Singapore’s property market has seen a decline for nearly four years, but this was followed by a recent upturn in property prices and transactions. In fact, analysts from Morgan Stanley have predicted that property prices could rise by 5.0 to 6.0 percent ... ( read original story ...)
Lotte Duty Free forms alliance with Citibank to promote tourism
Chinese arrivals in South Korea fell -48.3% in 2017. Through this agreement, Lotte Duty Free will provide benefits to Citibank VIP customers in Asia Pacific, including Singapore, Indonesia, Vietnam and Thailand. Tourists with Citibank VIP ... ( read original story ...)
Business trip costs to Singapore in 2017 rose to US$479 a day
Prices have risen due to higher costs of eating out in restaurants. The average cost of a business trip to Singapore has increased to US$479 or $647 per day, compared to US$472 in 2016, ECA International revealed in its Daily Rates research. It rose from ... ( read original story ...)
Singapore proposes allowing Airbnb-type rentals, with tough conditions
Singapore on Monday proposed allowing private home owners to rent out their property for short-term stays but with stringent conditions, a move welcomed by home-sharing giant Airbnb. It came after two Singaporean Airbnb hosts were fined Sg$60,000 ($45,800 ... ( read original story ...)
Vancouver, Here’s How Singapore’s ‘Flipping Tax’ Works
Christopher Cheung reports on urban issues for The Tyee. Find his previous stories here and follow him on Twitter at @bychrischeung. Singapore, one of the most economically free countries in the world, recognizes the displacing power of wealth and so is ... ( read original story ...)
Singapore scientists built a bot that builds IKEA chairs
If you find yourself shedding blood, sweat, tears and missing screws every time you try to build an IKEA furniture, here's some good news: there is now a robot that can do the hard work for you. A team of scientists at Singapore's Nanyang Technological ... ( read original story ...)
Trade war could have ‘big, negative impact’ on Singapore: PM Lee
SINGAPORE (Reuters) - Singapore is very vulnerable to an escalation of a trade dispute between the world’s two major economies, the United States and China, the city-state’s prime minister said in an opinion piece published by the Washington Post. ( read original story ...)
Singapore Navy’s 180 Squadron keeps maritime terror at bay
SINGAPORE - They are the foot soldiers of Singapore's efforts to keep its waters safe, boarding ships in small teams to check that they have not been seized by pirates or terrorists, for example. In their full gear, the sea marshals of the Navy's 180 ... ( read original story ...)
Bayer gets shot in the arm from Singapore
Shareholders in Bayer have welcomed the news that Singapore’s state investment fund Temasek bought €3 billion ($3.7 billion) worth of shares in the German chemicals group. The investment will likely reduce the looming capital hike needed to fund its ... ( read original story ...)
UPDATE 1-Singapore’s Keppel Q1 profit jumps on stake sale in China project
SINGAPORE, April 19 (Reuters) - Singapore’s Keppel Corp first quarter profit rose to its highest level in nine quarters, helped by a divestment gain and contributions from property trading in Singapore and China. Keppel, whose businesses range from rig ... ( read original story ...)
Tender deadline for KL-Singapore high-speed rail company extended to December
SINGAPORE - The deadline for tender submissions for the Kuala Lumpur-Singapore high-speed rail (HSR) Assets Company (AssetsCo) has been extended to Dec 28, 2018. The initial deadline for the submission of bids for the AssetsCo tender was June 29. ( read original story ...)
Singapore Fintech Association Unifies Crowdlending Platforms
The SFA subcommittee is dedicated to ensuring the local crowdlending industry is a trusted, credible and viable mode of financing for businesses in Singapore. In 2016, Southeast Asia’s alternative finance market reached a record US$215.94 million ... ( read original story ...)