SINGAPORE - A new virtual mobile telco is setting up shop in Singapore with an unusual proposition to consumers - it charges more for mobile services than its competitor but lets subscribers lower their bill cost if they refer others. Zero Mobile ... ( read original story ...)
Singapore’s ComfortDelGro buys majority stake in Uber unit
(Reuters) - Singapore's top taxi operator ComfortDelGro Corp (SES:C52.SI - News) will buy a 51 percent stake in a unit of Uber [UBER.UL] that runs a fleet of private hire vehicles, as the companies seek to bridge the gap with dominant ride-hailing firm Grab. ( read original story ...)
Airbnb pushes back on Singapore’s tough home rental rules
SINGAPORE (Reuters) - Short-term home rental service Airbnb on Friday called Singapore’s regulatory framework “untenable” as authorities said they planned to hold discussions with home-sharing platforms and resident groups soon on how such ... ( read original story ...)
The Singapore Stock Market Today: ComfortDelGro Corporation Ltd Inks Deal with Uber
Hello, everyone. Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI), ended the day at 3,424.64 points, up 36.5 points or 1.08%. In all, there were 238 gainers to 179 losers. ( read original story ...)
These are the Real Implications Of The Impending Tax Hike In Singapore
The ministry of finance has subsequently issued a statement titled ... It’s useful to remember that Singapore has a balanced budget. This implies that revenues must be equal to or exceed expenditure. In fact, by adopting a prudent spending policy ... ( read original story ...)
Singapore to seek public views on short-term home rentals like Airbnb
SINGAPORE (Reuters) - The Singapore government, which has charged two men with unauthorized short-term letting of apartments, said on Friday it plans to seek public feedback soon on a regulatory framework for allowing such accommodation. The move comes as ... ( read original story ...)
Property: Home loan interest rates increase
The home loan benchmark, the three-month Sibor, or Singapore interbank offered rate, is up sharply. It was 1.21 per cent last Friday, up eight points from the previous Friday. The benchmark had been rising for five straight days. UOB expects the three ... ( read original story ...)
Singapore is on the brink of a ‘demographic time bomb’
Singapore's low fertility rate and aging population have put the country on a dangerous path. If the course doesn't reverse, experts say it could become a "demographic time bomb." These "time bombs" result in shrinking economies and breakdowns in the ... ( read original story ...)
Amazon Takes Prime to Singapore, Focuses on Southeast Asia
Amazon.com Inc. AMZN recently announced the launch of subscription-based Prime membership in Singapore. The service will focus on areas like fast and free shipping, streaming and gaming. The move comes about six months after the e-commerce giant ventured ... ( read original story ...)
Singapore Airlines changed flight route after North Korea missile test
a spokesperson told Fox News on Thursday. Singapore Airlines, in response to North Korea’s July launch of an intercontinental ballistic missile, changed its route for flights between Incheon, South Korea and Los Angeles, Calif. The new route avoided the ... ( read original story ...)
Doing Business In: Singapore
Come to the gateway of Southeastern Asia for its cosmopolitan flair and ease with the English language, stay for a melting pot of cultures and some of the best food on the planet. Flights from the U.S. land at Singapore Changi Airport, one of the busiest ... ( read original story ...)
Singapore is about to get its first bitcoin dispute trial
A legal dispute involving bitcoin will soon head for trial at the Singapore International Commercial Court (SICC), a first for the city-state. The Straits Times (ST) reported that the dispute was between electronic market maker B2C2 and bitcoin exchange ... ( read original story ...)
How Deutsche Bank staved off staff “exodus” to start hiring again in Asia
This time last year Deutsche Bank was facing turmoil in Singapore and Hong Kong. Now it’s busy hiring. How come? This time last year Deutsche Bank Wealth Management was facing turmoil in Asia. It had just suffered the significant departures of Ravi Raju ... ( read original story ...)
Singapore stocks extend losses on weak global cues; United Overseas Bank falls 1%
Singapore stocks fell on Wednesday, taking cues from weak Asian shares as uncertainty over U.S. policy kept many investors on the sidelines. Asian shares hovered near two-month lows as iInvestors are looking to final tax reform legislation in the United ... ( read original story ...)
Singapore Customs seizes more than 1,000 cartons of contraband cigarettes, 4 arrested
Singapore Customs said on Thursday that it has seized 1,024 cartons and 710 packets of duty-unpaid cigarettes from two related operations in the country. The authorities said in a press release that three Singaporean men along with a male Chinese national ... ( read original story ...)
M1 to assess use of 4.5G mobile network for drones
One of several key components in the Singapore's smart nation initiative, HetNet had been touted to facilitate more optimal use of wireless spectrum by enabling devices to switch between various types of wireless networks. This would allow mobile users to ... ( read original story ...)