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Month: February 2023

Posted on 08/02/2023

Singapore Finance Ministry: After GST hike, more moves may be needed to raise revenues amid increased spending on healthcare, social support

After the hike in the Goods and Services Tax (GST), the Government will likely need to make further moves to boost its revenues to keep up with rising ...

Posted on 08/02/2023

Government spending could exceed 20% of GDP by 2030; GST and other tax moves help to close funding gap: Finance Ministry | Video

Singapore is expecting government expenditure to rise to about 19 per cent to 20 per cent of gross domestic product (GDP) between the financial years of 2026 to 2030, and possibly exceed 20 per cent ...

Posted on 08/02/2023

Singapore security agency APRO confirms it demoted officers, says it was part of right-sizing the firm

APRO said it demoted officers as part of a company-wide exercise, but noted that salaries rose for most affected workers because of adjustments to comply with the progressive wage model.

Posted on 08/02/2023

ReAlpha raises $9M in ‘mini-IPO’ to invest in Airbnb properties

A Dublin startup using AI to guide investments in Airbnb properties raised a total of $9.1 million in its 'mini-IPO.' Initially a $75M offering, the campaign had a late start and closed early – but ...

Posted on 08/02/2023

Government spending could exceed 20% of GDP by 2030; GST and other tax moves help to close funding gap: Finance Ministry

SINGAPORE: Singapore is expecting government expenditure to rise to about 19 per cent to 20 per cent of gross domestic product (GDP) between the financial years of 2026 to 2030, and possibly exceed 20 ...

Posted on 08/02/2023

OCBC offers new option to customers to earn higher interest from CPF funds

The bank is offering a promotional rate of 3.88 per cent a year if they place a minimum of $20,000 with the bank for eight months. Read more at straitstimes.com.

Posted on 08/02/2023

Singapore and UAE deepen collaborations on tech and skills development

The government will help UAE in digital trade documents, fintech, and other innovations. Singapore and the United Arab Emirates reaffirmed their future collaborations which include science and ...

Posted on 08/02/2023

Singapore hit by growing cybercrimes, clocks $501M in losses from scams

Number of reported scam and cybercrime cases climbed 25.2% last year, with young adults aged 20 to 39 accounting for more than half of scam victims who lost a total of SG$660.7 million ($501.9 million ...

Posted on 08/02/2023

Singapore still most liveable location for expatriate workers from East Asia

It has retained its status since 2005. Since 2005, Singapore is still on top for the most liveable location for employees from East Asia, ECA International said. Its score improved because pandemic ...

Posted on 08/02/2023

ST-UOB roundtable on Feb 15 to discuss Budget measures meant to help households, businesses

SINGAPORE - Next week’s Budget will be put under the microscope at a roundtable discussion on Feb 15 organised by The Straits Times and UOB. Read more at straitstimes.com.

Posted on 08/02/2023

‘This is why I don’t date anyone from Singapore’: US comedian jokes about $3m ‘friend-zone’ lawsuit

Singapore just got a mention on The Daily Show, though perhaps not for a reason we would be proud of. While guest hosting the US satirical news programme on Tuesday night (Feb 7), comedian Chelsea ...

Posted on 08/02/2023

Mandopop singer Rene Liu to hold concert in Singapore after 13 years

The Taiwanese singer last held a solo concert at the Singapore Indoor Stadium in 2010. Read more at straitstimes.com.

Posted on 08/02/2023

Market LIVE Updates: Sensex and Nifty poised for a flat to positive start

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open higher on Wednesday amid mixed cues from global markets. Singapore Exchange Nifty futures, an early indicator of the Nifty ...

Posted on 08/02/2023

‘Surprised’ that Net-Zero Asset Owner Alliance said no to carbon removal: DBS sustainability chief

The United Nations-backed climate investor group has said it will bar members from counting carbon removal schemes for their short-term emission reduction plans, amid increasing scrutiny of such ...

Posted on 08/02/2023

PM Chinh’s Singapore visit expected to advance bilateral trade ties

Prime Minister Pham Minh Chinh’s Singapore visit from February 8-10 aims to affirm the determination to elevate the bilateral economic ties to a new height in the context of many free trade agreement ...

Posted on 08/02/2023

Singapore sees ‘tech ecosystem’ as key for green transformation

The key to keeping the green economy growing will be an ecosystem that encourages innovation, a senior executive of Singapore's investment promotion agency said on Wednesday. "We are, on the one hand, ...

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