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Tag: business

Posted on 15/10/2024

Singapore’s Economy Grows 4.1% in Q3: A Positive Outlook Amid Global Challenges

Singapores Economic Growth Surpasses Expectations in Q3 2024 Singapores economy demonstrated impressive resilience, growing by 4.1% year-on-year in the third quarter of 2024, according to preliminary ...

Posted on 15/10/2024

Changes to tax regime will sustain Singapore’s competitiveness; provide more support to companies, individuals: Indranee

CHANGES to Singapore’s tax regime will help to sustain the Republic’s economic competitiveness and provide better support to companies and individuals, while ensuring it stays aligned with ...

Posted on 15/10/2024

Tech helps Singapore economy top Q3 forecasts

Singapore's economy grew more than expected in the third quarter as a rush for all things linked to artificial intelligence drove up demand for computer chips, according to preliminary data on Monday.

Posted on 14/10/2024

Louis Chua on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

In Singapore, corporate income tax is by far the single largest contributor to the Government’s budget. So, any policy changes in this area are going to have the most significant impact to the country ...

Posted on 14/10/2024

Don Wee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Bill is a crucial step in aligning Singapore with global efforts to ensure fair and transparent taxation of multinational enterprises (MNEs), by ensuring tha ...

Posted on 14/10/2024

Income Derived By Foreign Entity For Rendering Technical Assessment Services Doesn’t Constitute FTS: Delhi ITAT

The Delhi ITAT held that income derived by foreign entity for rendering technical assessment services will not constitute as Fees for Technical Services (FTS) under Article 12(4)(b) of ...

Posted on 14/10/2024

India less export-oriented, will be relatively unaffected by potential US tariff hikes: Fitch

India, which is less export-oriented than many other Asian economies, would be relatively unaffected in case the US levies higher tariffs on imports, Fitch Ratings said on Monday. Fitch said higher ...

Posted on 14/10/2024

Jamus Lim on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Bill will align Singapore’s tax regime with international tax developments arising from the BEPS 2.0 initiative. On concerns that subscribing to a corporate minimum tax will erode a cornerstone of Sin ...

Posted on 14/10/2024

Top Tech News: Singapore’s Economy Expands by 4.1% in Q3 2024; London Crypto Trader Pleads Not Guilty to Illegal Crypto ATM Business Charges

Good morning, tech fam; here are some quick tech updates for you to catch on to! What’s New Today: Singapore’s Economy Expands by 4.1% in Q3 2024Fast-Track Insi ...

Posted on 14/10/2024

Alleged Hong Kong Crypto Swindler Tied to Singapore Money Laundering Syndicate

Su Weiyi is also listed as an owner of two Hong Kong companies along with a man named Wang Dingkai. He co-founded a firm in the Philippines, which was raided by police in 2023 as part of an ongoing ...

Posted on 14/10/2024

China copper imports climb 15% on seasonal demand, brighter outlook

Singapore – China’s imports of unwrought copper rose in September from the prior month, customs data showed on Monday, due to improving seasonal demand and a better consumption outlook for the ...

Posted on 14/10/2024

China’s Exports Slow But Continue Run of Growth

China’s exports grew at a slower pace in September, but extended their streak to a sixth consecutive month, driven by Beijing’s efforts to cement its dominance in global manufacturing.Outbound ...

Posted on 14/10/2024

MAS keeps support for strong Singdollar; sees core inflation easing to 2% by year-end

MAS said risks to Singapore’s inflation outlook are more balanced compared to July. Read more at straitstimes.com.

Posted on 14/10/2024

Binance’s General Counsel Is Shattering Crypto’s ‘Bro Ceiling’

"The fact that it is a new, nascent industry provides women with the opportunity to be in those roles and to be able to progress very quickly," said Eleanor Hughes, who is based in Singapore.

Posted on 14/10/2024

Singapore Sticks to Tight Policy Stance, Resisting Global Shift

Singapore’s central bank kept its monetary settings unchanged for a sixth consecutive review as inflation remains elevated and in defiance of a global shift to policy easing.

Posted on 14/10/2024

Business News Live: Singapore Q3 GDP up 4.1% y/y, preliminary data shows

Bain sought $10 bln valuation for Japan's KioxiaInvestors pushed Bain Capital to almost halve the valuation it was seeking for Japan's Kioxia in an IPO, leading the U.S. buyout firm to scrap its plans ...

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