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Tag: business

Posted on 03/04/2025

CNA938 Rewind – How will GrabCab shake up Singapore’s taxi industry

Ride-hailing giant Grab has been awarded a street-hail operator licence, making it Singapore’s sixth taxi operator. The licence – awarded to GrabCab, a subsidiary of Grab’s rental arm GrabRentals – ...

Posted on 03/04/2025

Unlocking Opportunities: Key Insights from Singapore’s 2025 Budget and Corporate Tax Measures

In anticipation of Singapore’s 60th anniversary of independence, the Singapore Budget 2025 has rolled out pivotal changes aimed at supporting businesses while enhancing competitiveness and innovation.

Posted on 03/04/2025

Singapore to engage US on tariffs, not seek recourse under FTA; may downgrade growth forecast: DPM Gan

SINGAPORE] Singapore does not intend to take countermeasures to US tariffs, even as the Republic’s growth outlook may be downgraded due to their impact, Minister for Trade and Industry Gan Kim Yong ...

Posted on 03/04/2025

Singapore spared from worst-case scenario on Trump tariffs, but may be hit by global trade slowdown

SINGAPORE: Markets tumbled across Asia after US President Donald Trump unveiled a universal tariff of 10 per cent on all imports into the US, including those from Singapore.

Posted on 03/04/2025

What are Trump tariffs and why Singapore dodged brunt of them

SINGAPORE] US President Donald Trump roiled global markets with his “Liberation Day” tariffs. On Wednesday (Apr 2), he announced a 10 per cent baseline tax on imports and higher tariff rates on dozens ...

Posted on 03/04/2025

S’pore seen spared from worst case scenario on Trump tariffs, but may be hit by global trade slowdown

There is still threat of a 25 per cent tariff on US imports of semiconductors and pharmaceuticals. Read more at straitstimes.com.

Posted on 03/04/2025

Trump tariffs: Hitting close ally Singapore ‘a surprise’, says ex-senior US trade official

WASHINGTON: Framing it as a declaration of economic independence, United States President Donald Trump announced sweeping tariffs on Wednesday (April 2) in an attempt to replace free trade with "fair" ...

Posted on 03/04/2025

Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore

Sony has also announced additional benefits for a limited number of Crypto.com Pay users who spend up to SGD 300 on the company's online store.

Posted on 03/04/2025

Grab Holdings makes a strategic move into Singapore’s taxi market

Ride-hailing giant Grab (NASDAQ:GRAB) landed a street-hail operator license in Singapore to set it up to become the sixth taxi operator in the nation. Grab (NASDAQ:GRAB) plans to introduce a taxi ...

Posted on 02/04/2025

Singapore PMI slips to 50.6 in March amid global trade tensions, US tariff risks

SINGAPORE] Factory activity in Singapore grew more slowly in March, amid rising global trade tensions and tariff uncertainties. Read more at The Business Times.

Posted on 02/04/2025

Singapore’s manufacturing indicators in March at lowest level in 8 months

The decline is seen across Asia, including economies in Asean, India, Taiwan and South Korea. Read more at straitstimes.com.

Posted on 02/04/2025

New US tariffs likely to hurt firms in Singapore; nearly half say they will pass on costs, survey finds

SINGAPORE] Nearly half of companies in Singapore (45 per cent) plan to pass on the increased costs from the new US tariffs to their customers, a flash survey by the American Chamber of Commerce ...

Posted on 02/04/2025

Singapore PMI Signals Continued Manufacturing Growth at Slightly Slower Pace

The purchasing managers index compiled by the Singapore Institute of Purchasing and Materials Management edged down to 50.6 in March from 50.7 in February. A reading above 50 indicates that the ...

Posted on 02/04/2025

Sony now lets shoppers pay in USDC through Crypto.com in parts of Asia

Sony Electronics Singapore now accepts USDC payments on its online store via Crypto.com Pay, with plans to support more cryptocurrencies.

Posted on 02/04/2025

Sony Begins Accepting USDC Payments in Its Singapore Online Store

Sony Electronics' Singapore is offering cryptocurrency payments in partnership with crypto exchange Crypto.com.

Posted on 02/04/2025

Crypto.com Expands To Singapore Via Sony Electronics Partnership

Crypto.com partners with Sony Electronics, allowing customers to use Circle's USDC for payments on the latter's online store.

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