Singapore emerged as the second most expensive market to build a data centre in the world in 2024, costing firms $18.09 (US$13.80) per watt (W).
Lower Open Called For Singapore Stock Market
The Singapore stock market turned lower again on Tuesday, one day after ending the two-day slide in which it had slumped almost 25 ...
Food Innovators makes Catalist debut at S$0.20, 9.1% below IPO price
JAPANESE food and beverage operator Food Innovators Holdings (FIH) commenced trading under the code “KYB” on the Catalist board on Wednesday (Oct 16). Read more at The Business Times.
Singapore hits brakes on $1.7 billion Allianz deal for onetime insurance cooperative after it sparks public outcry
On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether Income Insurance will be able to continue its social mission.
OCBC SME Index at 50.8% in 3Q2024, extending gains for the second quarter in a row
The OCBC SME Index uses SME transactional data of over 100,000 OCBC SME customers in Singapore with annual sales turnover of up to $30 million.
Limited-edition bank card designs and merchandise are coming: OCBC and Disney announce 5-year collaboration
Apart from the upcoming Disney Adventure cruise, fans have something new to look forward to. OCBC and Disney have announced a five-year strategic collaboration across three of the bank's five core ...
Couple behind livestreaming retailer fined over $800k for evading GST
A Singaporean couple running a livestreaming business selling branded goods from overseas underdeclared product values, evading over $90,000 in Goods and Services Tax (GST) and $4,000 in freight ...
Couple behind Vanity Closet fined $849,000 for evading GST
Wang Siew Ching, 34, and her husband Rayson Loo Sian Hao, 33, on Oct 15 Oct were convicted and fined for evading Goods and Services Tax (GST) on imported goods. Wang is the director of Vanity Closet ...
S’pore shares dip, with Jardine Matheson leading losses, ahead of earnings
Losers outnumber gainers 350 to 235, with 1.7 billion securities worth $1.3 billion changing hands. Read more at straitstimes.com.
Prosecution seeks up to 66 months’ jail for man linked to loan ruse that cheated 2 banks of $1.2m
On Oct 15, Deputy Public Prosecutor Cheah Wenjie urged the court to sentence Lee to up to five years and six months’ jail, stressing that the offender had made no restitution. DPP Cheah also told ...
Vedanta Resources Signs Facility Agreement Worth $125 Million
Standard Chartered Bank Singapore Ltd. is the arranger, agent, and lender for the agreement, which aims to support Vedanta Resources' funding requirements.
Singapore firm accused of deforestation through ‘shadow’ firms linked to Indonesia’s controversial food estate project
Palm oil company First Resources has denied that it has secured sugarcane concessions in Papua through its subsidiaries, which would jeopardise a no-deforestation pledge the company made almost ...
From potato skins to kopi cups: Innovative students tackle food and packaging waste in Singapore
Selected as one of the five winning pitches in the second edition of the DBS Foundation X NEA Hungry for Change Challenge, their solution is slated for a pilot phase at Koufu Fusionopolis. Read more ...
Neil Parekh Nimil Rajnikant on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
Two Bills being debated in Parliament on Tuesday (Oct 15) “present significant opportunities” for Singapore, said NMP Neil Parekh Nimil Rajnikant. He said the Income Tax (Amendment) Bill incentivises ...
Mark Lee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill
As Parliament debated a Bill to enforce a global 15 per cent minimum effective tax rate for large multinational enterprises (MNEs) in Singapore, NMP Mark Lee said many jurisdictions are implementing ...
Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa
Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa ...