HSBC Holdings HSBC has completed the divestiture of its France-based retail banking business. The company sold the business to Crédit Commercial de France (“CCF”), a subsidiary of My Money Group, ...
Car importer fined $3.6m for evading Customs duty, GST on 983 motor vehicles
SINGAPORE – A 47-year-old man was fined $3.6 million on Jan 2 for evading Customs duty and the goods and services tax on 983 motor vehicles he imported into the Republic between November 2018 and ...
A woman in Singapore pours boiling soup on friend after argument; pleads guilty in court
Following an argument she had with a friend, a woman poured boiling soup from a hotpot on him, causing him to suffer severe burns.
2024 Outlook for Singapore’s Property Sector, and Top S-REITs to Look Out For
Singapore’s residential property sector may finally be cooling down. Is it time to start investing in S-REITs once more? ( read original story ...)
Economists more optimistic for 2024 as Singapore economy ends 2023 on a higher note
Economists are looking at 2024 with more optimism after Singapore’s economy grew faster than expected in the final quarter of 2023, with the manufacturing sector finally returning to growth.
Singapore stocks end lower in first 2024 session; STI down 0.3%
SINGAPORE stocks started 2024 weaker amid mixed trading across the region. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.32 points to close at 3,229.95 on Tuesday (Jan 2). Shares of ...
Singapore Stock Market on sale! Analysts say it’s severely undervalued
SINGAPORE: Insiders said that the Singapore stock market is severely undervalued, supported by metrics such... The post Singapore Stock Market on sale! Analysts say it’s severely undervalued appeared ...
Singapore’s Navy inks modernization deals amid personnel shortage
The country has embarked on numerous joint training exercises and sent troops to various countries to ease the problem, but end strength remains a problem.
Singapore economy grew 1.2% in 2023 -PM Lee
Singapore’s economy avoided a recession and expanded 1.2 percent in 2023, Prime Minister Lee Hsien Loong said Sunday, warning however that geopolitical risks will weigh on next year’s growth. The affluent city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on international trade.
Singapore increases goods and services tax
Singapore raised its goods and services tax (GST) from 8% to 9% on January 1. The GST hike has caused concern among Singaporeans, and many bookstores, and art dealers and theatre companies, in the ...
UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle
UOB Kay Hian analyst Jonathan Koh has downgraded the Singapore banking sector to “market weight” amid an upcoming interest rate downcycle. The US Federal Reserve has paused its rate hike for the third ...
Singapore dollar has chance of three-peat on inflation fight
The Singapore dollar beat out all its Asian counterparts in each of the past two years. The chance of leading the region for a third straight year rests with the central bank.
HSBC takes on Revolut, Wise with new forex app for non-customers
HSBC Holdings is set to debut an international payments app aimed at directly challenging the dominance of fintechs such as Revolut and Wise that have gathered tens of millions of retail customers by ...
Seatrium takes green finance raised to over $1.5bn with latest facility
Singapore firm encouraged by strong support of its banks in its ongoing efforts in pursuing sustainability in its business operations ...
Singapore Increases Goods and Sales Tax for 2024
Singapore has increased its goods and sales tax (GST) rate by one percent to nine percent as of January 1, 2024.
Singapore wraps up 2023 with highest quarterly economic growth at 2.8%
The city state's economy grew 2.8% year-on-year in the final quarter of 2023, and 1.2% for 2023, in line with expectations from Singapore's trade and industry ministry.