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Category: BUSINESS

Posted on 14/06/2024

Singapore man finds “relief” after ending things with longtime GF who became “money-minded”

The man bought her a brand new iPhone, a staycation and an expensive meal for her birthday, but she demanded a hairdryer worth $600 too.

Posted on 14/06/2024

Singapore offers carbon tax rebates for refiners near term, sources say

SINGAPORE is offering refiners and petrochemical companies ... adding that companies will be given sufficient notice in advance of changes to facilitate business planning. In general, the carbon tax ...

Posted on 14/06/2024

Singapore to offer carbon tax rebates up to 76% for refiners, petrochemical firms, sources say

The tax concessions will provide a significant buffer for refiners' profit margins amid growing competition with newer plants in China and the Middle East. Carbon tax costs are estimated at between 80 ...

Posted on 14/06/2024

The U.S. is losing crypto developers to other countries, report says

“The U.S. continues to lose developer share, down 14 points in the past five years; only 26% of crypto developers are US-based today,” Coinbase said in a new report.

Posted on 14/06/2024

Briefs: US Fed signals one rate cut this year; Singapore economy expected to grow by 2.7% y-o-y in 2Q2024

In other news this week, the World Bank raised its forecast for global growth this year on strong US expansion.

Posted on 13/06/2024

Exclusive: Singapore offers carbon tax rebates for refiners near term, sources say

Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals ...

Posted on 13/06/2024

Crypto Sector Ruffled by Slump in Curve Finance Exchange’s Token

The native token of Curve Finance, one of the cryptocurrency sector’s top decentralized exchanges, has tumbled to an all-time low.

Posted on 12/06/2024

Singapore money launderer gets 17 months in $2.2bn case involving illicit crypto

Smoke weed in Singapore and you could end up with 10 years in prison. Get caught with over 330 grams of cannabis and your corporal punishment might include a caning. But launder US$2.2 billion in ...

Posted on 12/06/2024

Container prices rise in Singapore as demand surges amid shipping, port disruptions

Rising demand and tighter supply sparked by shipping disruptions and port congestion have sent container prices here surging over the past eight months, according to new data. Read more at ...

Posted on 12/06/2024

Economists keep Singapore’s 2024 growth forecast at 2.4% but manufacturing outlook hit: MAS survey

Main drivers of growth shifted from manufacturing and exports to finance and insurance. Read more at straitstimes.com.

Posted on 12/06/2024

Singapore’s 2024 Growth Forecast Unchanged in MAS Survey

SINGAPORE—Experts surveyed by Singapore’s central bank have maintained their economic growth forecast for Singapore this year, though the composition of growth drivers has changed.The Monetary ...

Posted on 12/06/2024

Singapore economy expected to grow by 2.7% y-o-y in 2Q2024

The Singapore economy is expected to grow by 2.7% y-o-y in 2Q2024, according to market watchers polled by the Monetary Authority of Singapore (MAS). The estimate comes after Singapore’s GDP expanded ...

Posted on 12/06/2024

Economists keep 2.4% forecast for Singapore’s growth, but expect less from manufacturing: survey

PRIVATE-SECTOR economists’ forecasts of Singapore’s growth in 2024 were unchanged, at a median of 2.4 per cent, in the latest quarterly survey of professional forecasters published by the Monetary ...

Posted on 12/06/2024

Daily Cuts – Hosting major events: A reliable business strategy for Singapore’s tourism sector?

Joel Chua and Justine Moss speak with Dr Kevin Cheong, Managing Partner, Syntegrate, about whether hosting major events have become a new business strategy for Singapore's tourism sector, and if this ...

Posted on 12/06/2024

Customer refunds, business suspension send Cordlife $11.6m into the red in Q1

In the corresponding quarter the year before, it had recorded a net profit of $1.2 million. Read more at straitstimes.com.

Posted on 11/06/2024

Singapore to demand more information from family offices and hedge funds to better monitor the influx of foreign wealth

SINGAPORE: Singapore authorities are intensifying scrutiny of family offices and hedge funds and closing dormant... The post Singapore to demand more information from family offices and hedge funds to ...

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