The interest in fintech has resulted in the rise of new e-payment schemes in Singapore, however, this also presents a challenge in infrastructure, BMI Research revealed. A report revealed that the unique mobile payments such as NetsPay, DBS Paylah ... ( read original story ...)
KPMG Report: Singapore Hits Fintech Funding Record with $229 Million in 2017
Two of the top 10 deals in Asia took place in Singapore during Q4 of 2017. Mobile commerce startup GoSwiff brought in $100 million in funding whereas, global asset management fintech player Smartkarma raised $13.5 million, according to KPMG’s Pulse of ... ( read original story ...)
Mobile the preferred choice for Chinese New Year sales conversions
On the same day, desktop saw a 164% sales increase in Singapore, followed by mobile app (134%) and mobile web (105%). Local fashion marketers told us that they in fact, started pushing out Chinese New Year campaigns between December until three weeks ... ( read original story ...)
Singapore says plans to raise sales tax to 9 percent ‘sometime’ in 2021-2025
SINGAPORE (Reuters) - Singapore on Monday announced it plans to raise its sale tax to 9 percent from 7 percent, but said the change will be only be made “sometime” between 2021 and 2015. Finance Minister Heng Swee Keat told parliament of the plans to ... ( read original story ...)
Singapore Budget 2018: Gearing economy up for greater emphasis on Asia, new tech, ageing population
SINGAPORE - Amid Singapore's strong position riding on a global upturn last year, Finance Minister Heng Swee Keat outlined in his Budget speech on Monday (Feb 19) three major shifts in the coming decade: a greater economic emphasis on Asia, the emergence ... ( read original story ...)
Live Blog: Singapore Budget 2018
Singapore Finance Minister Heng Swee Keat is set to unveil on Monday (19 February) the proposed Budget for the fiscal year starting 1 April 2018. Many economists believe the government will announce a hike in the goods and services tax (GST) by one ... ( read original story ...)
Singapore Budget 2018: Live Updates & Commentary
Singapore Budget for 2018 will be presented by Minister of Finance Mr Heng Swee Keat later today at 3.30pm. DollarsAndSense will also be providing live updates on announcements made, as well as our early analysis and thoughts on new initiatives that will ... ( read original story ...)
Singapore Budget 2018: Infrastructure Office, scheme to help companies forge strong regional partnerships
SINGAPORE - With the shift in global economic weight towards Asia, Finance Minister Heng Swee Keat unveiled two measures on Monday (Feb 19) to spur Singapore businesses to develop strong partnerships, both locally and abroad. The Government will integrate ... ( read original story ...)
Singapore Budget 2018: Carbon tax of $5 per tonne of greenhouse gas emissions to be levied
SINGAPORE - All facilities producing 25,000 tonnes or more of greenhouse gas emissions in a year will have to pay a carbon tax from 2020, Finance Minister Heng Swee Keat announced on Monday (Feb 19). The carbon tax will initially be $5 per tonne of ... ( read original story ...)
Carbon tax to affect electricity and gas expenses of Singapore households: Budget 2018
... a carbon tax from 2019 – a tax that is expected to affect the electricity and gas expenses of all households in Singapore. Finance Minister Heng Swee Keat confirmed this as he delivered the Budget 2018 speech this afternoon. The Minister said in his ... ( read original story ...)
Singapore property stocks show `fatigue’ with surge in enblocs
SINGAPORE: A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say. Collective ... ( read original story ...)
Minister Robertson to visit South Korea and Singapore
Minister of Finance, and Sport and Recreation, Grant Robertson, today departs for the Republic of Korea and then Singapore to meet with political and business leaders and to attend the Winter Olympic Games. In the Republic of Korea, Minister Robertson will ... ( read original story ...)
Frasers Property to acquire German, Austrian logistics assets for 285.2m euros
SINGAPORE - Frasers Property is set to acquire 22 logistics and light industrial assets in Germany and Austria mainly owned and managed by developer Alpha Industrial for 282.5 million euros ($285.2 million). The assets include 16 completed logistics and ... ( read original story ...)
Singapore budget 2018 economists expect bumper surplus
SINGAPORE: Singapore’s strengthening economy having boosted government coffers, economists predict a larger-than-expected budget surplus for the financial year ending March . Ahead of Finance Minister Heng Swee Keat’s delivery of the Budget on Feb 19 ... ( read original story ...)
Singapore Sling the new poster child for South African-bred imports
Singapore Sling’s Hong Kong Classic Cup not only gave the 2018 BMW Hong Kong Derby a shake-up but may have provided the South African racing industry with a much-needed banner horse as the Jockey Club looks to open up new avenues to horse ownership. ( read original story ...)
Singapore poised for first goods & services tax hike since 2007
SINGAPORE: Singapore, a city-state famed for the low-tax model that helped transform it from a gritty port town to an Asian Manhattan, is expected to put something unusual in this year’s government budget announcement: a tax increase. Nine of 10 ... ( read original story ...)