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Category: BUSINESS

Posted on 19/02/2023

Singapore sees rise in poultry imports from Australia after streamlining import process

From being a minor market for Australia’s poultry meat, Singapore has become one of its most valuable through the introduction of streamlined import processes. The Republic imported 9 per cent, or $7.

Posted on 17/02/2023

Why Singapore isn’t gridlocked

Singapore doesn’t struggle with traffic jams the way other cities do. It hit upon a winning strategy in the 1970s and stuck to it.

Posted on 17/02/2023

Thriving in Singapore’s business landscape – factors to consider

Overall, GreaterHeat's distinct offerings and insights on doing business in Singapore are valuable for entrepreneurs looking to establish themselves in the Lion City.

Posted on 17/02/2023

Credit Suisse Singapore CEO Exits in Latest Asia Departure

Credit Suisse Group AG’s Singapore Chief Executive Officer Chien Chien Wong is leaving the bank, the latest senior departure to hit the embattled Swiss firm. Wong is leaving to pursue outside ...

Posted on 16/02/2023

India calls for uniform crypto regulations as Asian markets grow amid boom and bust cycle

One country alone cannot do everything' if regulation is required, says India's financial minister as she leads the push for uniform rules in the group; New Delhi's call is likel ...

Posted on 16/02/2023

Commentary: Should Singapore residents invest in energy-efficient homes to save costs?

Select businesses in Singapore can enjoy one more year of government grants to invest in energy efficiency. David Broadstock of Energy Studies Institute explores if households should be empowered to ...

Posted on 16/02/2023

China’s growing middle-class kingdom in Singapore is causing heartburn | Explained

The reasons behind the middle-class Chinese citizens making the move to Singapore are manifold — political stability, economic growth, and access to a high quality of life, among other things.

Posted on 16/02/2023

Wholesaler and its director fined $13,000 for illegal import of Malaysian produce

A truck was found to contain 324kg of undeclared and under-declared fresh fruits and vegetables at Woodlands Checkpoint. Read more at straitstimes.com.

Posted on 15/02/2023

DBS benefits from flight to safety by institutional crypto investors

The downturn in crypto values and multiple scandals has led to a boom in bitcoin trading at Singapore's DBS Bank, which saw volumes grow by 80% on its Digital Exchange (DDEx).

Posted on 15/02/2023

Trading firm director gets jail over import of nearly 1,800 elephant tusks into Singapore from Africa

SINGAPORE: The director of a trading firm was sentenced to 10 months' jail on Wednesday (Feb 15) for importing 1,787 pieces of elephant tusks from Africa into Singapore, en route to Vietnam. The tusks ...

Posted on 15/02/2023

Trading firm director jailed over import of over 1,700 pieces of elephant tusks

A woman, who was a director of a trading company that imported a 40-foot container containing an unprecedented haul of 1,787 pieces of elephant tusks, was given 10 months’ jail on Wednesday (Feb 15).

Posted on 15/02/2023

10 months’ jail for trading firm director linked to import of more than 1,700 elephant tusk pieces

After a trial, Dao Thi Boi, now 40, was convicted in 2022 of an offence under the Endangered Species (Import and Export) Act. At the time of the offence, the Vietnamese woman, who is also a Singapore ...

Posted on 15/02/2023

Singapore’s plan to raise tax for big multinational firms won’t cause a ‘major exodus’: Maybank

Thilan Wickramasinghe of Maybank Securities discusses Singapore's plan to introduce a minimum corporate ... is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial ...

Posted on 15/02/2023

Budget 2023 to empower business transformation: SBF

The government's measures include a $4b top-up to the National Productivity Fund. The Singapore Business Federation (SBF) welcomed business support measures from the 2023 budget, adding that these ...

Posted on 15/02/2023

Binance CEO: crypto industry will probably move to non-dollar stablecoins

The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement ...

Posted on 15/02/2023

Singapore business banking startup Aspire raises $100M

Aspire, a Singapore-based B2B banking startup, announced today that it raised $100 million in Series C funding led by Lightspeed and Sequoia Capital SEA. Why it matters: Despite a slowdown in fintech ...

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