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Month: May 2024

Posted on 11/05/2024

Three Arrested For Evading Over SGD 700,000 In Taxes; Vehicles, More Than 6,400 Cartons Of Duty-Unpaid Cigarettes Seized By Customs

Singapore Customs conducted operations at Serangoon North Avenue 4 and Gul Circle as part of its ongoing efforts to detect and deter tax and duty evasion, an official news release said. During the ...

Posted on 11/05/2024

Singapore working towards greener AI while growing its adoption here: Josephine Teo

SINGAPORE – Singapore is exploring ways to make artificial intelligence (AI) more energy efficient as the country expands its adoption of such technology across various industries, said Minister for ...

Posted on 11/05/2024

Switzerland to Singapore: 7 most stable economies in the World

These countries exhibit economic stability through factors like diversified economies, strong governance, robust infrastructure, and prudent fiscal management. Industries like finance, technology, and ...

Posted on 11/05/2024

Sobha Developers bring to Singapore an Exclusive Dubai Property Showcase

Dubai, renowned globally for its surreal skyscrapers and stunning skyline, is the epitome of luxury and innovation. The city is part of a thriving economy complete with state-of-the-art infrastructure ... ( read original story ...)

Posted on 11/05/2024

Russia reaches record level of oil product exports to Singapore – Reuters

Russia has increased its exports of oil products to Singapore to a record level this year. It is expected that this tendency will continue in the future, Reuters reports. Reuters states that Singapore ...

Posted on 11/05/2024

UOB rewards non-executive directors with 30,400 shares as part of their remuneration

SINGAPORE: According to a bourse filing, Singaporean bank UOB has granted 30,400 shares to its... The post UOB rewards non-executive directors with 30,400 shares as part of their remuneration appeared ...

Posted on 11/05/2024

Singapore needs more foreign talent, but ‘social norms’ should be respected, outgoing PM Lee says

Lee Hsien Loong said importing labour has to be done in a manner that does not dilute the country’s ‘social norms and mores and the way Singapore works’.

Posted on 11/05/2024

O.K. Lim, Singapore oil trader and once superstar businessman, convicted of cheating and abetting forgery

The founder of a failed Singapore oil trading company was convicted Friday of cheating a major bank and abetting forgery in a case that tainted the city-state's crude trading market.

Posted on 11/05/2024

Singapore’s labour movement honours ambassadors of migrant workers, domestic workers

Ambassadors for both migrant workers and migrant domestic workers are being honoured for the first time at this year's NTUC May Day Awards. The national body leading Singapore's labour movement says ...

Posted on 11/05/2024

Apple, Microsoft and Nvidia are investing billions of dollars in Southeast Asia. Here’s why

Apple, Microsoft, and Nvidia are among tech companies investing heavily in Southeast Asia, drawn by the region's workforce and market growth potential. With a focus on AI and data centers, the area is ...

Posted on 11/05/2024

Singapore has ‘moved very far towards better social safety nets’ over last 20 years, says PM Lee

In his 20-year tenure, the government has made a “very considerable” effort with policies such as ComCare for the needy and Workfare which focuses on low-wage workers, says Prime Minister Lee Hsien ...

Posted on 11/05/2024

From Singapore to Malaysia, in Asia’s work-from-home tug of war, have Gen Z got the upper hand?

From Singapore and Malaysia to Indonesia and the Philippine's traffic-clogged capitals, young professionals are demanding a better work-life balance The change is also set to benefit the 'Sandwich ...

Posted on 11/05/2024

Singapore Is Asia’s Wealthiest Nation. Can It Stay That Way?

In this Bloomberg Originals mini-documentary, we explain how the new prime minister will face more than a few challenges to keep the city-state on top.

Posted on 11/05/2024

SingPost full-year profit triples to $78.3 million after property revaluation

SINGAPORE - Singapore Post more than doubled its earnings for the year to March 31, mainly due to an exceptional gain of $36.8 million on property revaluation. Net profit rose 217.4 per cent to $78.3 ... ( read original story ...)

Posted on 11/05/2024

Frasers Property H1 profit slides 81% on property value losses, lower residential contributions

NON-CASH unrealised fair-value losses and impairment on some of its commercial properties in the UK and Australia, as well as lower residential contributions from Singapore and Thailand, dragged down ... ( read original story ...)

Posted on 11/05/2024

OK Lim, founder of Singapore oil trading firm, Hin Leong, convicted in US$112 million HSBC cheating case

OK Lim faced charges of cheating HSBC Holdings and instigating a Hin Leong employee to forge documents, according to a newspaper report The charges involved a total of US$111.7 million Lim Oon Kuin, ...

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