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.
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 ...
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.
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.
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.
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.
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 ...
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.
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 ...
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.
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 ...
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.
Aussie billionaire revives bid to sell solar power to Singapore
Sun Cable will apply later this month to Singapore’s Energy Market Authority for an energy import conditional licence. Read more at straitstimes.com.
Singapore Is Most Crypto-Friendly Destination, Report Says
Singapore is the world's most crypto-friendly place with flexible tax laws, high levels of adoption and offers of citizenship to foreigners.
Singapore tax collection up 13.1% to S$68.6 billion in FY2023, reflects post-Covid recovery
SINGAPORE’S tax revenue for financial year 2023 rose 13. ... Senior Employment Credit and Small Business Recovery Grant. Iras also noted that it rolled out several initiatives in the past year to make ...
CDL sees opportunities for more overseas expansion as it marks 60 years in business
SINGAPORE - Property giant City Developments Limited (CDL ... student accommodation and workers dormitories, to grow its core business of developing residential and mixed-use developments as well as ...