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Category: BUSINESS

Posted on 26/08/2022

Man arrested in carpark, 261 cartons of duty-unpaid cigarettes seized by S’pore Customs

The total duty and GST evaded amounted to about $22,280 and $1,770 respectively. Read more at straitstimes.com. ( read original story ...)

Posted on 26/08/2022

Singapore Tycoon Cheng Wai Keung’s Wing Tai Posts Robust Profit On Property, Uniqlo Contributions

Wing Tai Holdings—controlled by tycoon Cheng Wai Keung—said Thursday its net profit more than tripled as sales of its residential projects increased and contributions from its Uniqlo stores across ... ( read original story ...)

Posted on 26/08/2022

Business receipts of Singapore’s services industries grows 14.7 pct y-o-y in Q2

Business receipts of Singapore's services industries, excluding wholesale and retail trade services and accommodation and food services, grew 14.7 percent year on year in the second quarter of 2022. ( read original story ...)

Posted on 26/08/2022

Grab says delivery business softening, still ‘laser-focused’ on profitability

Singapore's Grab Holdings Ltd on Thursday slashed its gross merchandise volume (GMV) outlook for the year, blaming a strong dollar and cooling demand for food delivery services as consumers return to ... ( read original story ...)

Posted on 25/08/2022

Company fined $5,000 for illegally importing 378kg of fresh fruits and vegetables

SINGAPORE - A company was fined $5,000 on Wednesday (Aug 24) for illegally importing about 378kg of fresh fruits and vegetables for sale. CK Fresh had brought in the undeclared and under-declared food ... ( read original story ...)

Posted on 24/08/2022

Close to six in 10 SMEs in Singapore with enough cash to last them less than six months: Study

SINGAPORE - Close to six in 10, or 58 per cent of small and medium-sized enterprises (SMEs) in Singapore said their existing cash flow can only sustain them for less than six months, a study has found ... ( read original story ...)

Posted on 24/08/2022

Singapore: Inflation surprised to the upside in July – UOB

Its warnings on inflation developments remained on the upside, both on the external (‘upward pressure on Singapore’s import prices are expected to persist’) and domestic fronts (tight labour market ... ( read original story ...)

Posted on 24/08/2022

Singapore High Court Recognizes Three Arrows Capital Liquidation Order: Report

The Singapore High Court granted the request Capital's appointed liquidator, Teneo, on Monday. This means that the court now legally recognizes the liquidation order originally filed in the British ... ( read original story ...)

Posted on 24/08/2022

Singapore financial regulator imposes $9 mln fine on commodity trader Noble Group

Commodity trader Noble Group Ltd will pay a S$12.6 million ($9.03 million) penalty for releasing 'misleading' information in its financial statements between 2012 and 2016, the Monetary Authority of ... ( read original story ...)

Posted on 24/08/2022

Singapore Inflation Rises For Third Month

Singapore consumer price inflation increased for a third straight month in July, led by higher prices for food, utilities, private ... ( read original story ...)

Posted on 24/08/2022

In Singapore, French business schools look to establish influence

The city-state's favorable educational policies have allowed schools like INSEAD, EDHEC and ESSEC to expand their influence in Asia, while attracting students from all over the continent. ( read original story ...)

Posted on 24/08/2022

Singapore’s Response to Global Crisis: Business as Usual

By Brian Brivarti Russias war on Ukraine has had a profound political impact in Singapore and across Southeast Asia. There has been a spectrum of responses to the war, from outright condemnation from ... ( read original story ...)

Posted on 23/08/2022

Crypto lender Hodlnaut fights Singapore police order as it faces opposition to judicial manager candidate

The company is trying to quash a Singapore police's order to hand over its balance assets. Read more at straitstimes.com. ( read original story ...)

Posted on 23/08/2022

Singapore’s core inflation rises to 4.8% in July, driven by higher prices of food, electricity and gas

SINGAPORE: Singapore's core inflation rose further to 4.8 per cent in July, driven mainly by stronger increases in the prices of food, electricity and gas, official data on Tuesday (Aug 23) showed.  T ... ( read original story ...)

Posted on 23/08/2022

Singapore’s Consumer Prices Rise at Fastest Pace in 14 Years — Update

Singapore's consumer prices rose at the fastest pace in 14 years in July, owing to higher private-transport and ... ( read original story ...)

Posted on 23/08/2022

Singapore CPI Inflation Hits 14-Year High on Rising Food, Energy Costs

Investing.com-- Singapore’s CPI inflation index hit a 14-year high in July, data showed on Tuesday, driven largely by mounting food and fuel prices. The reading now puts more pressure on the Monetary ... ( read original story ...)

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