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Tag: business

Posted on 10/11/2023

Genting Singapore Q3 net profit up 59% to S$216.3 million

GENTING Singapore on Friday (Nov 9) posted a net profit of S$216.3 million for the third quarter ended September, up 59 per cent from S$135.8 million in the corresponding year-ago period. Read more at ...

Posted on 10/11/2023

The Future Of Business: Establishing An ASEAN Presence

The strategic geographic location of ASEAN countries is a cornerstone of their attractiveness to businesses seeking global expansion.

Posted on 10/11/2023

Singapore stocks end Friday in red amid regional slump, STI down 0.9%

SINGAPORE – Local shares ended a rocky week in the red on Friday after tracking losses across the region and a downbeat session on Wall Street overnight.

Posted on 10/11/2023

Singaporean ‘Ah Long’ who ran illegal loan shark business from China and Malaysia gets jail and fine

Alan Sia Peng Xia worked for the syndicate for more than 12 years, earning at least S$756,000, before surrendering at Changi Airport due to his poor health.

Posted on 10/11/2023

Singapore aims to become base for air taxi firms; CAAS working with regional counterparts on guidelines

Regional aviation authorities aim to come up with a set of reference materials by 2025 that each country can adopt to govern air taxi and drone operations.

Posted on 10/11/2023

Singapore-based crypto mining platform Bitdeer partners Nvidia to launch AI cloud service solutions

This will provide its customers with access to Nvidia’s AI supercomputing to accelerate the development of generative AI.

Posted on 10/11/2023

PM Lee: Johor-Singapore Special Economic Zone is “substantial and promising project”

SINGAPORE: A joint special economic zone between Singapore and the state of Johor (JS-SEZ) is in its planning stages, with the signing of a memorandum of understanding (MOU) eyed by the beginning of ...

Posted on 09/11/2023

Singapore’s Grab Hits Adjusted Profit, Decade After Founding

Grab Holdings Ltd. posted its first-ever profit on adjusted basis, a milestone for the decade-old Southeast Asian ride-hailing and food delivery company trying to convince investors of its earnings ...

Posted on 09/11/2023

Over 4,600 cases of duty and GST evasion at Singapore land checkpoints in first 10 months of 2023

Nearly S$14,200 in duties and GST was recovered and over S$1.4 million (US$1.03 million) in penalties was imposed.

Posted on 09/11/2023

Singapore to Amend Free Trade Zones Act, Strengthening Powers to Tackle Illegal Trade

Singapore Parliament has proposed a bill to amend the 1966 Free Trade Zones (FTZ) Act and make related changes to the 1960 Customs Act.

Posted on 09/11/2023

Singapore-generated carbon credits can’t be used to offset tax: MSE

Find out more about subscription packages here. CARBON credits generated from projects in Singapore will not be allowed to offset emissions under the country’s carbon tax regime, the Ministry of ...

Posted on 09/11/2023

Singapore’s middle distillates near 10 mln barrels as net exports decline further

Singapore's middle distillates inventories rose 5.7% from last week to almost 10 million barrels, as net exports of both jet fuel/kerosene and gasoil declined further, official data showed on Thursday ...

Posted on 09/11/2023

Significant investment Bill is part of Singapore’s security strategy in turbulent world: Gan Kim Yong

Finally, Singapore must seek new areas for cooperation, to deepen collaboration and strengthen the city-state’s relevance as a global business hub. Gan named sustainability and the digital economy as ...

Posted on 09/11/2023

Singapore’s Mortgage Tech Startup LXA Secures US$10 Million Seed Funding

LXA, a Singapore-based technology startup specialising in mortgage solutions, has raised US$10 million in a seed funding round led by New Enterprise Associates (NEA). The round also included ...

Posted on 09/11/2023

S’pore to import low-carbon electricity from Vietnam to help meet renewable imports target

SINGAPORE – From 2033, Singapore will import 1.2 gigawatts (GW) of low-carbon electricity – primarily generated by wind power – from Vietnam, which will help fulfil the Republic’s target ...

Posted on 09/11/2023

CapitaLand Investment 9-month revenue drops 3% on weaker real estate business

SINGAPORE - Real estate investment manager CapitaLand Investment ... The dip in revenue was due to an 8 per cent decline in revenue of its real estate business to $1.4 billion. This was partially ...

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