Fiscal incentives alone cannot produce a strong export sector. Our export sector contributes 28 percent of our GDP versus the global average of 45 percent among 142 exporting countries. ( read original story ...)
Singapore Says Grab’s Fourth Privacy Breach Is Concerning
Singapore’s privacy regulator imposed a S$10,000 ($7,311) penalty on ride-hailing company GrabCar Pte for a personal-data breach incident last year and raised the alarm on repeated violations by the ... ( read original story ...)
Virtual races attract many first-time participants drawn to convenience, flexibility
The coronavirus changed the world but not Wong Lay Hoon's determination to compete again in ultramarathons.. Read more at straitstimes.com. ( read original story ...)
Singlife and Aviva Singapore to merge in S$3.2bil deal that will make it one of the largest in South-East Asia
Homegrown insurer Singapore Life (Singlife) intends to merge with Aviva Singapore in a deal valued at S$3.2 billion, which will make it one of the largest in the South-east Asian insurance sector and ... ( read original story ...)
Singapore to roll out COVID-19 tracing devices
Singapore will roll out its TT Token (Trace Together Token) to the public for free from September 14 and pilot its Safe Entry programme using TT Token devices or app in several venues. ( read original story ...)
Singapore Airlines Plans Flights to Nowhere, Reports Say
Singapore Airlines Ltd. is planning so-called flights to nowhere -- trips that start and end at the same airport -- in an attempt to boost its grounded passenger business, the Straits Times reported ... ( read original story ...)
Are Singaporean workers really losing jobs to Indian expats due to Ceca free-trade deal?
As the city state stares into its Covid-fuelled deepest ever recession, job anxiety and opposition to a free-trade deal is fuelling resentment against Indian workers. ( read original story ...)
Rs 152 crore fine slapped on banks by ED for violating FEMA provisions
Standard Chartered Bank was held guilty of contraventions of the provisions ... has been penalised Rs 35 crore for having opened without the permission of RBI, a bank account in Singapore and for ... ( read original story ...)
Singapore Technologies Engineering: Decent First Half 2020 Performance Aided By Government Support
Singapore Technologies Engineering's net profit attributable to shareholders only declined by -4% YoY in 1H 2020, thanks to government support which is expected to exceed S$300 million for full-year ... ( read original story ...)
Five things to know before investing in the stock market rally
Think you can turn S$10,000 into S$100,000 in two years? Want to invest half your salary in equities, like one financial blogger does? The experts ... ( read original story ...)
GRAINS-CBOT soy hits two-year peak on expectations for higher U.S. exports
The USDA left its estimate for soybean exports unchanged from last month ... Naveen Thukral in Singapore, and Karl Plume and Christopher Walljasper in Chicago; Editing by Sherry Jacob-Phillips ... ( read original story ...)
₹100 cr. penalty imposed on Standard Chartered Bank, ₹17 cr. on TMBL
ED says Authority found them and some others contravening FEMA provisions in case related to unauthorised shares allocation ... ( read original story ...)
ED imposes Rs 100 crore fine on StanChart for FEMA breach
ED imposes Rs 100 crore fine on StanChart for FEMA breach. The investigation under FEMA was taken up by ED based on a reference received from RBI to investigate advance remittances received by certain ... ( read original story ...)
TikTok owner plans to spend billions in Singapore after US ban
ByteDance, the Chinese owner of video-sharing app TikTok, is planning to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter ... ( read original story ...)
British insurer Aviva to sell Singapore business for $1.98 billion
British life, motor and home insurer Aviva said on Friday it will sell its majority shareholding in its Singapore business to a consortium led by Singapore Life for S$2.7 billion ($1.98 billion), as ... ( read original story ...)
Singapore glass technology company sets up shop in Columbus
A Singapore company is moving to Columbus to find its niche in the emerging "smart glass" industry. A Singapore company is moving to Columbus with the goal of transforming the eme ... ( read original story ...)