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Month: February 2023

Posted on 28/02/2023

Singapore extends investment promotion tax incentives; raises quantum for Global Investor Programme

SINGAPORE is extending several investment promotion tax incentives for another five years, even as it prepares to implement global tax rule changes. But separately, individuals will need to invest ...

Posted on 28/02/2023

Stock Market LIVE Updates: Sensex rises 100 pts, Nifty above 17,400; ZEEL jumps 4%, Adani Ent sheds 5%

Nifty futures on the Singapore Exchange traded 7.5 points, or 0.04 per cent, higher at 17,495.50, signaling that Dalal Street was headed for a muted start on Tuesday. In a sign of weakness at higher ...

Posted on 28/02/2023

163 IPOs in Southeast Asia in 2022

IPO fundraising was subdued in Southeast Asia last year, as Vietnam saw eight successful IPOs while raising $71 million.

Posted on 28/02/2023

Jail for SG national serviceman who stole subordinate’s mobile phone, accessed and emptied victim’s bank account

A full-time national serviceman (NSF) with the Singapore Civil Defence Force (SCDF) was at his workplace when he stole his subordinate’s mobile phone and accessed the latter’s bank account.

Posted on 28/02/2023

Singapore boosts grants, tax schemes for companies going abroad; new Scale-Up X for promising local enterprises

BUSINESSES are getting more help to venture abroad with enhanced grants and schemes, while a new Scale-Up X programme will give tailored help to promising local enterprises, Minister for Trade and ...

Posted on 28/02/2023

Maybank Singapore’s profit before tax doubles to S$655.92m in 2022

This was reportedly thanks to higher income and lower loan loss allowances. Maybank Singapore’s full year profit before tax doubled to S$655.92m in 2022, according to the bank’s latest financial ... ( read original story ...)

Posted on 28/02/2023

Home-staging trend to speed up property sales

SINGAPORE: A property listing is no longer limited to just welcoming prospective buyers to view a home in its current state online or in person. ( read original story ...)

Posted on 28/02/2023

Photos: HSBC Singapore’s new office design sees move to an activity-based workplace

The office design promotes wellbeing by considering strategies related to air, water, light, acoustic and thermal comfort.

Posted on 28/02/2023

Citi appointed depositary bank for Hangke’s GDR program

This is in connection with Hangke’s $172.85m IPO of tis GDRs. Citi’s Issuer Services has been appointed as the depositary bank for the global depositary receipt (GDR) program of Zhejiang HangKe ...

Posted on 28/02/2023

Singapore Plans to Force Clashing Neighbors to Seek Mediation

Neighbors who quarrel over noise may soon be forced to sit down and talk things through in Singapore, after authorities unveiled plans to make mediation mandatory before cases can go to court. Those ...

Posted on 28/02/2023

Committee of Supply 2023 debate, Day 3: Sharael Taha on costs of doing business in Singapore

As the National Productivity Fund gets a S$4 billion top-up and an expanded scope, how will the Government ensure that the money is effectively used by businesses to drive real productivity ...

Posted on 28/02/2023

Singapore Airlines To Get 25.1 Per Cent Stake In Air India Group: Report

Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group.

Posted on 28/02/2023

Singapore Airlines To Receive 25.1% Stake In Enlarged Air India Group

The deal will provide Singapore Airlines with a 25.1% stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines ...

Posted on 28/02/2023

Business receipts of service industries rise 10.9% YoY in Q422

Recreation & Personal Services had the highest growth in revenue amongst industries. Business receipts of the service industries, excluding Wholesale Trade, Retail Trade, Accommodation and Food ...

Posted on 28/02/2023

Singapore, US partner to enhance telecom regulatory policies

This will cover areas of communications and connectivity. The Infocomm Media Development Authority (IMDA) of Singapore and the United States Federal Communications Commission (FCC) have partnered to ...

Posted on 28/02/2023

Singapore checkpoints, roadblocks use saliva test kits to detect drugs

SINGAPORE - Checkpoints and roadblocks in Singapore have implemented the use of a new Saliva drug testing kit capable of producing results in 10 minutes. State for Home Affairs Minister Muhammad ...

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