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Category: BUSINESS

Posted on 08/11/2022

Singapore proposes to raise carbon tax to S$25 per tonne for greenhouse gas emissions in 2024 and 2025

Progressive increases will set Singapore on a trajectory to reach between S$50 to S$80 per tonne by 2030, said Minister for Sustainability and the Environment Grace Fu.

Posted on 08/11/2022

OCBC enables authentication tech for foreign business owners to open new bank account

OCBC Bank is making it easier for foreign owners of Singapore-incorporated small and medium-sized enterprises (SMEs) to open business banking accounts, through the use of digital passport ...

Posted on 08/11/2022

The Big Read: Defying doubters, Singapore built a flourishing start-up scene within a decade. Can it take the next step up?

"Scale-ups" refer to start-ups that have a stable business model and have proven their viability. Based on this measure, Dr Wong said that Singapore is “making good progress”, though he ...

Posted on 08/11/2022

Singapore ranks fifth out of 30 economies in index on sustainable trade

Singapore is rated fifth in the world when it comes to sustainable trade, which covers economic, societal and environmental aspects, according to a report released on Tuesday.

Posted on 08/11/2022

Singapore estimates carbon dioxide equivalent emissions to peak between 2025 and 2028

In Singapore's second update to its 2030 Nationally Determined Contribution, it indicated a reduction in emissions to about 60 million tonnes of carbon dioxide equivalent in 2030 – a 5 million-tonne ...

Posted on 08/11/2022

Hong Kong takes on Singapore for Asia’s crypto crown

Hong Kong has kicked off a contest to become Asia’s crypto capital as investors and executives warn rival Singapore may be squandering its head start with its pivot to stricter regulation. The sudden ...

Posted on 08/11/2022

Singapore sovereign fund and Dream Industrial to buy Summit Industrial Income REIT

A Singaporean sovereign wealth fund and Dream Industrial REIT have formed a joint venture to buy Summit Industrial Income REIT in a deal valued at $5.9 billion, including assumed debt. Summit holds a ...

Posted on 08/11/2022

Singapore’s GIC, partner to buy Canadian REIT Summit for $3.3 billion

A GIC signage is pictured during their results announcement in Singapore July 2, 2019. REUTERS/Anshuman Daga ...

Posted on 08/11/2022

Inside the new business ‘snuggle class’ double beds

The trend to mix business with pleasure lends itself to an increase in demand in the premium leisure category." In ultra-swanky international first class, double beds have been the norm since the ...

Posted on 07/11/2022

Thai and Singapore currencies most at risk from yuan’s slump

Investors in the Singapore dollar and Thai baht will have to brace for losses if the Chinese yuan, the worst-performing Asian currency on Monday, continues its fall against the dollar as the country ...

Posted on 07/11/2022

Significant opportunities in China for Singapore companies despite gloomy outlook: Gan

DESPITE “greater uncertainty” and a gloomy outlook in today’s world, there remains “significant opportunities” in China that Singapore companies can tap on, especially within the digital and green ...

Posted on 07/11/2022

China’s Exports Drop Sharply as Global Economy Slows

The pullback in demand for its goods abroad removes a key prop for China’s growth as its economy is pressured by the government’s zero-Covid strategy and a severe real-estate slump.

Posted on 07/11/2022

China Oct coal imports slip from 10-mth peak as COVID curbs crimp demand

China's coal imports slipped in October from a 10-month high in September, as Beijing's ultra-strict COVID-19 restrictions dampened demand for the power generation fuel.

Posted on 07/11/2022

Singapore Airlines first-half profit soar to $876 mn as world reopens

For the corresponding period a year ago, the airlines suffered a loss of SGD 602 mn for first half and a loss of SGD 345 mn for second quarter of its financial reporting period which starts in April ...

Posted on 06/11/2022

Southeast Asia is a case study in Russia’s declining prospects as an arms exporter.

Analysts say Russia’s performance in Ukraine, coupled with Western sanctions, is likely to hurt its ability to sell weapons abroad. Southeast Asia is a case in point.

Posted on 06/11/2022

Singapore vows to become crypto asset hub without cryptocurrency trading and speculations

Singapore wants to be a crypto asset hub but does not accept trading and speculations in cryptocurrencies, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), at the ...

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