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Posted on 03/12/2024

$1.5m fine, 5 weeks’ jail for man who recruited ‘fall guy’ to evade duty, GST on hundreds of imported cars

A 44-year-old man was fined $1.5 million on Dec 2 for fraudulent evasion of duty and goods and services Tax (GST) on 427 motor vehicles imported into Singapore between January 2019 and October 2020.

Posted on 03/12/2024

Singapore Gets Bad News Amid Sinking Birth Rate

Despite its graying population, the city-state boasts a higher workforce participation rate than many major cities, including New York.

Posted on 03/12/2024

Australia, Singapore agree to seek expanded access to their defence facilities

Singapore and Australia agreed on Tuesday to seek opportunities for increased access to their respective defence facilities, including more frequent Australian visits to the city-state's air force and ...

Posted on 03/12/2024

Singapore gets tough on commodity trading practices after series of scandals

The tough sentencing exemplifies how Singapore has tried to crack down on dodgy dealing in its commodities market. It has launched initiatives aimed at digitising the documentation that is the ...

Posted on 03/12/2024

HSBC upgrades LVMH, Hermès to ‘buy’, but sceptical of 2025 turnaround for Swatch, Kering

While there was no growth for the global luxury sector in 2024, HSBC Global Research says it is “time to be positive” on global luxury names, as organic growth looks set to surge in 2H2025.

Posted on 03/12/2024

Exxon weighs sale of Singapore fuel stations for $1 bln, Bloomberg News reports

U.S. oil major Exxon Mobil Corp is weighing a sale of its petrol stations in Singapore, a deal that could raise about $1 billion, Bloomberg News reported on Tuesday, citing sources.

Posted on 03/12/2024

Exxon weighs sale of Singapore fuel stations for $1 billion, Bloomberg News reports

U.S. oil major Exxon Mobil Corp is weighing a sale of its petrol stations in Singapore, a deal that could raise about $1 billion, Bloomberg News reported on Tuesday, citing sources. Exxon operates 59 ...

Posted on 03/12/2024

Exxon Is Said to Weigh Sale of $1 Billion Singapore Gas Stations

Oil major Exxon Mobil Corp. is considering a sale of its gas stations in Singapore, which could raise about $1 billion, according to people familiar with the matter.

Posted on 03/12/2024

This Singapore pizzeria was just named the 15th best pizza joint in Asia Pacific

La Bottega is no stranger to the 50 Top Pizza list, having placed among the top 20 in Asia Pacific last year too. This year’s announcement comes as great news — the pizzeria rose four spots from last ...

Posted on 03/12/2024

Exxon weighing sale of $1.35 billion Singapore gas stations: Sources

Oil major Exxon Mobil is considering a sale of its gas stations in Singapore, which could raise about US$1 billion (S$1.35 billion), according to people familiar with the matter.

Posted on 03/12/2024

Singapore’s manufacturing PMI rises to 51 in November

SINGAPORE, Dec. 3 (Xinhua) -- Singapore's Purchasing Managers' Index (PMI), an early indicator of manufacturing activity, rose by 0.2 points in November to reach 51, signaling the 15th consecutive ...

Posted on 03/12/2024

US expands list of Chinese technology companies under export controls

The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and ...

Posted on 03/12/2024

In 2005, an Australian citizen was hanged in Singapore. It could happen again

I fought for Van Nguyen 19 years ago. Despite a worldwide trend away from the death penalty for drugs, Singapore continues to execute people – including four in the past month.

Posted on 03/12/2024

Johor police say Singapore loan sharks behind petrol bomb attacks; Singaporeans can share their views on Budget 2025: Singapore live news

Yahoo Singapore is featuring a curated selection of some of the biggest, most important, and fascinating news that's making waves online.

Posted on 03/12/2024

Singapore announces property tax revisions for 2025, leading to lower taxes for most homeowners

SINGAPORE: In a move set to ease the financial burden on property owners, the Ministry of Finance has announced a revision to Singapore’s property tax system, expected to reduce taxes for the majority of owner-occupied homes in 2025.

Posted on 03/12/2024

Daily Cuts – Understanding Singapore’s income report

Andrea Heng and Hairianto Diman speak to Chuin Ting Weber, CEO and CIO, MoneyOwl, to get a closer examination of early findings from the annual data on Singapore’s resident labour force by the Ministry of Manpower.

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