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Month: April 2023

Posted on 27/04/2023

Singapore lender UOB’s Q1 core profit leaps 74% to record $1.2 billion

Singapore's United Overseas Bank reported on Thursday a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The ...

Posted on 27/04/2023

Hoping for an end to monkey business, NTU issues advisory after recent macaque sightings on campus

A monkey tried to take a bite out of a student's earbuds in the latest incident involving macaques there. Read more at straitstimes.com.

Posted on 27/04/2023

MODIFI Expands Its Footprint to Singapore to Better Serve Business Customers in Asia

MODIFI Expands Its Footprint to Singapore to Better Serve Business Customers in Asia GlobeNewswire April 27, 2023 SINGAPORE, April 27, 2023 (GLOBE NEWSWIRE) -- MODIFI, ...

Posted on 27/04/2023

Singtel consolidates Singapore consumer and enterprise businesses, forms standalone infrastructure unit

New appointments and redesignations have been made in line with the restructuring. They will take effect from June 1.

Posted on 27/04/2023

Singapore Airlines pilot jailed 6 months for tax evasion

The Singapore Airlines pilot committed tax evasion by failing to declare rental income to IRAS, and more. Find out.

Posted on 27/04/2023

Alipay continues regional expansion as speculation of IPO plans begin to resurface

Ant Group is continuing to grow its Alipay+ digital payment service across Asia, with a significant new deal integrating it into Singapore’s unified QR system, as speculation about its much-lauded IPO ...

Posted on 27/04/2023

Number of women brand owners, inventors rising in Singapore: report

The proportion of women brand owners who registered trademarks rose to 23.4% in 2022. More women are participating in intellectual property (IP) management and innovation in Singapore, a recent study ...

Posted on 27/04/2023

Singapore fuel oil stocks slip to four-week lows; net imports ease 19%

SINGAPORE, April 27 (Reuters) - Residual fuel oil stocks at key trading hub Singapore fell to four-week lows, with net imports easing by 19% after jumping last week, official data showed on Thursday.

Posted on 27/04/2023

Singapore unveils surprise measures to cool property market, doubles stamp duties for foreigners

The tax is now 60 per cent for foreign buyers, while citizens and permanent residents will see small increases when buying second and subsequent properties.

Posted on 27/04/2023

Singapore doubles property stamp duty for foreigners to 60%

Foreigners who have secured permanent residency in Singapore will only pay a stamp duty of 5 per cent, but they will pay 30 per cent — up from 25 per cent — if they buy a second residential property. ( read original story ...)

Posted on 27/04/2023

Singapore’s Surprise Property Tax Hike a ‘Freezing Measure’ for Foreigners

Singapore raised levies on private property purchases in a surprise move late on Wednesday night to cool the market, including a doubling of stamp duties for foreigners to an eye-watering 60%. Liu's ... ( read original story ...)

Posted on 27/04/2023

Singapore hikes property tax in latest round of cooling measures

Both local and foreign buyers of residential properties will now have to pay higher additional buyers' stamp duties, which will take effect from today. ( read original story ...)

Posted on 27/04/2023

Snap Insight: Latest round of Singapore property cooling measures perplexing in sluggish economy

Higher mortgage rates, property tax and inflation have already caused home buyers and investors to hold back – so why another round of cooling measures? Real estate consultant Ku Swee Yong weighs in. ( read original story ...)

Posted on 27/04/2023

Singapore doubles property tax on foreigners to 60pc

The city-state’s real estate sector has remained buoyant even as other countries face slowdowns because of soaring interest rates and inflation. ( read original story ...)

Posted on 27/04/2023

Jail for man who paid doctor linked to Healing the Divide group to obtain fake vaccination records

David Christopher Newton paid S$6,000 to have himself and his unsuspecting wife injected with saline so he could enter Australia despite being unvaccinated.

Posted on 27/04/2023

2 Chinese navy ships head to Singapore for joint drills

China's military has dispatched a pair of navy ships to take part in joint drills with Singapore's navy and join in a regional maritime security exhibition

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