ABSD is a hefty tax that gets slapped on any Singapore citizen buying a second or subsequent residential property. All Permanent Residents (PRs) and foreigners have to pay ABSD on all residential ...
Amazon to invest $9 billion in Singapore
Amazon said Tuesday it would invest U.S.$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city. The announcement comes after fellow tech titan ...
OCBC-GE: We aim to continue to drive synergy and collaboration
The close collaboration between OCBC and GEH has consistently positioned us among the top two in bancassurance sales in Singapore over the years. GEH has the biggest agency force in Singapore and ...
Shell to divest refining and chemicals assets in Singapore to CAPGC
Shell’s Energy and Chemicals Park Singapore includes integrated refining and chemicals facilities on Pulau Bukom and Jurong Island.
ByteDance founder among China moguls in Singapore
Among the facts TikTok’s lawsuit against the US government surfaced: billionaire ByteDance Ltd founder Zhang Yiming is living in Singapore while keeping Chinese citizenship.
Singapore suspends F-16 training after plane crash on Wednesday
Singapore's defence ministry said it was temporarily suspending training for its F-16 aircraft fleet after an F-16 crashed during a routine training on Wednesday.
Shell to sell Singapore refinery, chemicals assets to Glencore-Indonesian JV
Shell (NYSE:SHEL) said Wednesday it agreed to sell its refining and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) and ...
Failed crypto giant FTX has recovered billions more than it needs to pay back bankruptcy victims
Fallen cryptocurrency exchange FTX has raked in billions of dollars more than it needs to fully pay back customers who lost funds in its November 2022 collapse. In a rare twist versus typical US ...
We are pro-Singapore: DPM Lawrence Wong on standing between the US and China
Countries, including Singapore, have to navigate an unpredictable world that could be messy for a decade or longer, said DPM Wong. Read more at straitstimes.com.
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
SINGAPORE needs to be realistic about the global trends affecting the city-state’s equities market, and the actions that can be taken to change them, said Deputy Prime Minister Lawrence Wong on ...
DBS CEO Piyush Gupta sells bank shares worth S$2.7M
SINGAPORE: DBS CEO Piyush Gupta sold bank shares worth S$2.7 million. According to a filing with the Singapore Exchange on May 7, Mr Gupta recently sold 75,000 bank shares, gaining him S$2.7 million.
Shell offloads Singapore assets
Shell has sold its remaining chemical assets in Singapore in the latest attempt to simplify operations and sell-off less profitable parts of the business. Glencore, the commodities group, and Chandra ...
UOB awards Wong Kan Seng over S$400,000 in shares
UOB has awarded its chairman, Wong Kan Seng, over S$400,000 in shares, the bank said in a bourse filing on Wednesday (May 8). Read more at The Business Times.
UBS Jumps as Swiss Lender Returns to Profit
Key Takeaways UBS Group returned to a profit after two quarters of losses as it cut costs and moved forward with its integration of Credit Suisse.The Swiss bank purchased struggling rival Credit Suisse in a government-backed bailout in March 2023.
Singapore has achieved astounding economic success
S ince its independence almost 60 years ago, Singapore has become a beacon of prosperity. In a part of the world where middle-income status is the norm, the city-state is now the ...
Shell sells Singapore assets on Pulau Bukom and Jurong Island after strategic review
SINGAPORE - Oil giant Shell has agreed to sell its energy and chemicals park on Singapore’s Pulau Bukom and Jurong Island to a joint venture comprising Indonesia’s Chandra Asri Capital and global ...