And here's everything you need to know in investing stocks in Singapore. Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were convicted of cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng and ex ... ( read original story ...)
DBS, AXS develop mobile payment for condo fees
With the popularity of online and on-the-go payment options in Singapore, AXS Pay was jointly developed with DBS with the aim to assist SMEs in transforming their mainly cheque and cash-based fee collection to digital e-payment collection over the 3 AXS ... ( read original story ...)
Why Hong Kong property tax may help end Singapore housing slump
Singapore house prices are approaching their trough. A report from Bloomberg said Cushman & Wakefield Inc. expects the slide in the city-state’s home prices to end this year as foreign investors turned off by Hong Kong’s move to increase the stamp duty ... ( read original story ...)
MAS urges business trusts to adopt new financial reporting framework
Firms are advised to use the new framework starting January 2018. The Monetary Authority of Singapore (MAS) announced today that registered business trusts will adopt a new Singapore financial reporting framework that is identical to the International ... ( read original story ...)
Singapore's mind-blowing S.E.A Aquarium
One of the huge tanks at Sentosa's S.E.A Aquarium in Singapore. Photo / Supplied A "don't know how lucky we are" moment comes near the end of our visit to the aquarium in the Sentosa resorts area of Singapore. The small group of journalists is ushered ... ( read original story ...)
Man fined S$1.4m for importing 118,000 bottles of duty-unpaid soju
SINGAPORE: A company director was fined S$1.4 million on Friday (Jan 20) for importing 118,000 bottles of soju, a rice-based liquor popular in South Korea, without paying duty and taxes on them, Singapore customs authorities said. Singaporean David So ... ( read original story ...)
Company director fined $1.4m for importing duty-unpaid soju
SINGAPORE - A company director of So Fei International Trading Pte Ltd was sentenced to 18 months' jail and a fine of $1.4 million for importing duty-unpaid soju. According to a statement on Friday (Jan 20) by Singapore Customs, 48-year-old David So ... ( read original story ...)
Singapore to benefit from Hong Kong tax hike
SINGAPORE: Singapore may benefit from Hong Kong’s recent increase in stamp duty for overseas property buyers. According to Cushman & Wakefield, Singapore’s three-year slump in house prices could end this year as foreign investors in Hong Kong are ... ( read original story ...)
Property agency fined for failing to warn investor of risks in buying foreign property
SINGAPORE: A Singapore property agency that marketed a US hotel project to an investor has been fined S$7,500, for failing to inform him in writing of the risks involved in buying foreign properties. The US developer was later charged with alleged ... ( read original story ...)
Learning the Singapore way
SINGAPORE - Singapore's climb to the top of global education rankings has put the spotlight on how an education system that had been seen as somewhat too competitive, stressful and exam-oriented has evolved into one of the best in the world. Last year, the ... ( read original story ...)
Singapore to be home port for Hong Kong cruise ship Genting Dream
SINGAPORE: The Genting Dream luxury cruise ship will make Singapore its home port from Dec 3, in a year-long deployment. This was announced on Thursday (Jan 19) by Genting Hong Kong's premium cruise line brand Dream Cruises. The 18-deck, 151,300-tonne ... ( read original story ...)
Allianz, Standard Chartered form bancassurance pact in Asia
FRANKFURT German insurer Allianz and Standard Chartered Bank on Thursday announced a 15-year agreement to distribute Allianz’s general insurance products in Hong Kong, Singapore, Malaysia, Indonesia and China. The deal to distribute travel, personal ... ( read original story ...)
Hong Kong Property Tax May Help End Singapore's Housing Slump
Singapore’s three-year decline in home prices could see relief from an unexpected quarter in 2017: Hong Kong. So says Cushman & Wakefield Inc., which expects the slide in the city-state’s home prices to end this year as foreign investors turned off by ... ( read original story ...)
Singapore amongst the most expensive cities to relocate to
Basic living cost for a month is at US$2,148.45. If the Movinga's 2017 Relocation Price Index is anything to go by, then Singapore is becoming more and more costly for expats and foreign workers. According to the index, the basic living cost in Singapore ... ( read original story ...)
OCBC NISP launches credit card for affluent customers
"Supported by a strong network of the OCBC Group, we hope the Voyage credit card can ease our premier banking customers' transactions across countries' borders." The lender, which is the local arm of Singapore-based OCBC Bank, will target more than 20,000 ... ( read original story ...)
Singapore, India renew air force agreement for another 5 years
SINGAPORE: Singapore has renewed a bilateral air force agreement with India, allowing the Republic of Singapore Air Force (RSAF) to continue its joint military training at Kalaikunda Air Force Station in India for another five years, the Ministry of ... ( read original story ...)