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Category: BUSINESS

Posted on 24/02/2023

UPDATE 3-Singapore’s Grab sees 2023 revenue growth, brings forward profitability target

Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, on Thursday forecast upbeat 2023 revenue and pulled forward its profitability timeline on hopes that consumers will ...

Posted on 23/02/2023

Food importer, partner of another firm fined S$8.5k for illegally importing 600kg of vegetables from Malaysia

A food import firm and a partner of another food importer were fined a total of S$8,500 on Thursday (Feb 23) for illegally importing fresh and processed vegetables for sale.

Posted on 23/02/2023

Commentary: Singapore residents must save for retirement today to continue enjoying low income taxes

SINGAPORE: The message from the Budget 2023 speech could not have been clearer. It cannot be business as usual for Singapore. Over the last couple of decades, the country has benefited from global ...

Posted on 23/02/2023

Dyson Taps Top Singapore Banker to Advise $16 Billion Empire

James Dyson named one of Singapore’s top bankers as a director for his business empire’s holding company, adding to the roster of high-profile individuals from the city-state involved in overseeing ...

Posted on 23/02/2023

Singapore CPI inflation grows in January, expected to remain high

Investing.com -- Singapore consumer inflation grew in January, data showed on Thursday, and is forecast to remain elevated in the coming months amid high import costs, a tight labor market, and strong ...

Posted on 23/02/2023

Commentary: To avoid higher taxes in the future, Singapore workers need to save for retirement today

For direct taxes to remain low, Singapore workers need to do more with their money to prepare for their future retirement, says David Kuo of The Smart Investor.

Posted on 23/02/2023

Crypto Is Not A Viable Alternative To Fiat Currency, Economist Agustín Carstens Says

The argument that cryptocurrencies are a viable alternative to fiat currency has been settled in the wake of the digital-asset sector's recent turmoil, with technology not being an alternative for ...

Posted on 22/02/2023

Dubai’s appeal to crypto players may top that of Singapore, amid US clampdown

Dubai could prevail over Singapore as the preferred location for some cryptocurrency players following moves by regulators in the United States to clamp down on the sector. Read more at ...

Posted on 22/02/2023

Bitcoin And Crypto Now Braced For A China Earthquake After $100 Billion Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Price Rally

Last week, Singapore-based DBS revealed its crypto trading volume almost doubled in 2022. "The increase in trading volume on DBS’s digital asset platform is a reminder that any government, even the ...

Posted on 22/02/2023

Crypto Has Lost the ‘Battle’ Against Fiat Currency, BIS Chief Agustin Carstens Says

Crypto is a financial activity that can really only exist “under certain conditions,” he said. Carstens also spoke at the Monetary Authority of Singapore, saying that central bank digital currencies — ...

Posted on 22/02/2023

SMEs in Singapore urged to use PayNow-UPI scheme for business dealings with India

The Singapore Indian Chamber of Commerce and Industry (SICCI) has urged Small and Medium Enterprises (SMEs) in the city-state to use the PayNow-UPI linkage for business dealings with India for ease of ...

Posted on 22/02/2023

China boosts Australian coal imports on hopes for more easing of curbs -traders, data

Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year ...

Posted on 22/02/2023

Singapore data centre says no data loss discovered after report on hackers obtaining logins

typically to be closer to customers and business operations in Asia. GDS is among the top three colocation providers in China, the second-biggest market for the service in the world after the US, ...

Posted on 22/02/2023

Singapore data centre says no data loss discovered after report on hackers obtaining logins

typically to be closer to customers and business operations in Asia. GDS is among the top three colocation providers in China, the second-biggest market for the service in the world after the US, ...

Posted on 22/02/2023

Weak demand from major export destinations hits NODX momentum: UOB

Non-oil domestic exports (NODX) declined 25% in January 2023. Global demand will continue to hit export momentum in Singapore due to “more aggressive monetary policy tightening and worries about ...

Posted on 22/02/2023

Commentary: What would it take for Singapore to grow the next Creative Technology?

Budget 2023’s measures for business innovation may encourage leaders to think about transforming their companies in tandem with upskilling their people, says Temus’ Srijay Ghosh.

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