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Category: BUSINESS

Posted on 11/09/2023

Facebook Co-Founder Who Fell Out With Mark Zuckerberg Is Now Singapore’s Richest Person

Eduardo Saverin, co-founder of Meta Platforms Inc (NASDAQ:META), formerly Facebook, is now Singapore’s wealthiest resident ... Darcy Donavan — Crypto Queen & Web3's Hollywood Ambassador Saverin is not ...

Posted on 11/09/2023

Power export to Singapore won’t affect effort to ensure full electricity coverage in Sarawak, says state utility minister

The export of electricity to Singapore will not affect the ongoing effort to ensure full electricity coverage in Sarawak, said Minister of Utility ...

Posted on 11/09/2023

New S$500,000 funding for Singapore’s only student-led venture fund training programme

The launch took place at the opening ceremony of the biennial Lee Kuan Yew Global Business Plan Competition. Organised by the Institute of Innovation and Entrepreneurship at Singapore Management ...

Posted on 11/09/2023

Singapore’s EMA awards conditional license to Gurin-Gentari JV to import electricity from Indonesia

The project is expected to start in 2027. The Energy Market Authority has awarded a Letter of Conditional Approval to Vanda RE, the joint venture between Gurin Energy and Gentari International ...

Posted on 11/09/2023

Can Singapore hold on to its reputation as Asia’s ‘safe haven’?

Singapore has for decades prospered in no small measure due to its reputation as the “Switzerland of the east” — a safe and neutral haven for business in an at-times intractable part of the world.

Posted on 11/09/2023

Australian billionaire Cannon-Brookes moves closer to exporting solar power to Singapore via undersea cable in S$17.3b project

Grok Ventures said that a solar farm in Australia’s Northern Territory, which will most likely be the biggest in the world, would ship at least 900 megawatts of electricity supply to local industry ...

Posted on 11/09/2023

Singapore to start imports of renewable energy from Indonesia within 5 years

The EMA has granted conditional approval to five projects for the import of 2GW of low-carbon electricity each year. Read more at straitstimes.com.

Posted on 09/09/2023

Tax revenue gets bumper rise of 13.1% to $68.6b amid post-pandemic economic recovery

GST revenue made up the third-largest share of Iras’ revenue collection, at 20.5 per cent. Read more at straitstimes.com.

Posted on 08/09/2023

Singapore plan to import Indonesia clean energy advancing as region develops renewables ‘faster and bigger than people realise’

Singapore currently generates 95 per cent of its electricity from natural gas, but lack of space limits the building of solar and wind farms.

Posted on 08/09/2023

Singapore to start importing eggs from Türkiye

This brings the number of countries and regions accredited to export chicken eggs to Singapore to 19, says the Singapore Food Agency.

Posted on 08/09/2023

Singapore asks banks to probe ties with money laundering suspects

SINGAPORE’S central bank has directed financial institutions to review any relationships with individuals tied to a money laundering scandal involving over S$1.8 billion of assets. Read more at The ...

Posted on 08/09/2023

Norway’s US$1.4 trillion wealth fund shutters Shanghai office as Singapore takes over as its Asia hub

NORWAY’S US$1.4 trillion sovereign wealth fund has started winding down its office in Shanghai as Singapore takes over as its hub in Asia. Read more at The Business Times.

Posted on 07/09/2023

30 companies, 6 business leaders honoured at 18th Singapore Corporate Awards

TOP companies received accolades at the Singapore Corporate Awards (SCA) 2023 on Thursday (Sep 7) for their work in corporate governance and sustaining shareholder returns. Read more at The Business ...

Posted on 07/09/2023

Trudeau in Singapore promoting trade, business: ‘Canada is a hot spot for us’

Trudeau held four meetings on Thursday with business leaders in the region and is expected to meet with Singapore Prime Minister Lee Hsien Loong on Friday.

Posted on 07/09/2023

Singapore could be affected by increasing rice prices

In a report, Lavanya Venkateswaran, Senior ASEAN Economist at OCBC, said the price increases in rice will also have implications on Indonesia, Malaysia, Philippines and Thailand, with the Philippines ...

Posted on 07/09/2023

WSJ removes ‘erroneous republication’ of outdated article, which claimed S’pore banned import of Japanese food products

The Wall Street Journal (WSJ) has removed an article and podcast titled "More Countries Ban Import of Japanese Food" from its website, claiming that it was wrongly republished.

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