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Posted on 19/02/2024

CNA Explains: How a new tax scheme aims to retain the Singapore ‘brand’ and keep attracting foreign investment

Base erosion, profit shifting, a global minimum corporate tax rate and Singapore's new Refundable Investment Credit - CNA's Tang See Kit tries to make sense of it all.

Posted on 19/02/2024

Singapore Budget 2024: PPHS (Open Market) Voucher, Property Tax Annual Value (AV) Revisions, and More

Well, the Singapore Budget 2024 statement includes even more relief for owner-occupiers of residential properties concerned about high property tax prices. Effective January 2025, the property tax ...

Posted on 19/02/2024

Singapore’s AI ambitions get a boost with $740 million investment plan

Singapore will invest more than 1 billion Singapore dollars (about $743 million) over the next five years for AI, said Finance Minister Lawrence Wong on Friday.

Posted on 19/02/2024

RTX’s Pratt & Whitney Announces Full Operations Of Singapore Technology Accelerator

Over 30 innovations implemented to accelerate MRO performanceSINGAPORE, Feb. 18, 2024 /PRNewswire/ -- (SINGAPOREAIRSHOW)

Posted on 19/02/2024

RTX’s Pratt & Whitney Opens Expansion Site at Eagle Services Asia Facility in Singapore

SINGAPORE, Feb. 19, 2024 /PRNewswire/ -- (SINGAPORE AIRSHOW) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced the official opening of a 48,000 square-foot expansion of its Singapore based ...

Posted on 19/02/2024

13 blue-chip stocks that could benefit from Singapore’s Budget 2024

Find out more about subscription packages here. UNLIKE last year’s budget focusing more on wealth re-distribution, Singapore’s Budget 2024 has an investment tilt that lifts market sentiment. The ...

Posted on 19/02/2024

Record number of scam cases in Singapore in 2023, even as total amount of money lost to scammers fell slightly

Singapore had a record high of over 46,000 scam cases in 2023. Find out what were the top scams, and which age group was the most vulnerable.

Posted on 19/02/2024

OCBC Securities pioneers solutions and rewards for savvy investors

Having the right tools is crucial when it comes to seizing investing opportunities, which come and go in the blink of an eye.

Posted on 19/02/2024

Singapore introduces new Section 10L to tax gains from the sale or disposal of foreign assets

Historically, Singapore does not tax capital gains. Only gains which are “income” in nature are taxed.However, from January 1, 2024 onwards, Singapore has intro ...

Posted on 19/02/2024

Refundable Investment Credit, strong fiscal position will give Singapore edge: tax experts

WHILE jurisdictions elsewhere have introduced or are planning measures similar to Singapore’s new Refundable Investment Credit (RIC) scheme, the city-state’s strong track record and fiscal ability, ...

Posted on 19/02/2024

Singapore airfares set to rise on sustainable aviation fuel levy: ‘there will be a cost’

The levy will vary depending on factors such as the length of the flight and whether the passenger is flying in economy, Singapore’s government said.

Posted on 19/02/2024

Outbound travellers from Singapore to pay levy from 2026 as part of sustainable air hub drive

TRAVELLERS departing Singapore will have to fork out more for their air tickets from 2026 because of a levy that will be imposed due to a requirement for flights to use sustainable aviation fuel. Read ...

Posted on 19/02/2024

With no Boeing passenger jets at the Singapore Airshow, Airbus and China take centerstage

While there will be aerial displays of commercial liners by Airbus and China’s Comac C919, Boeing will not have any commercial aircraft at the Singapore Airshow.

Posted on 19/02/2024

Singapore to invest S$1bn in AI over five years

The funding will go towards compute, talent, and industry development to support Singapore’s national AI strategy ...

Posted on 19/02/2024

Singapore Sees ‘Challenging’ Trade Climate Regardless of Trump

Singapore must be prepared for a more challenging trade environment going forward regardless of who wins the US presidential election in November as the city-state seeks a place in what its top trade ...

Posted on 19/02/2024

Singapore bags $750m in aerospace investment projects, sector to hire 2,500 more workers: EDB

The aerospace industry is expected to hire more than 2,500 workers here over the next three to five years to support the sector's continued growth. These new jobs include operator, technician, ...

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