However, take up for new policies picked up by 12.8% in the quarter. Singapore’s life insurance weighted new business premiums went down by 5.9% to $2.76b in the third quarter of 2022 compared to a ...
Freight forwarding firm fined $17,500 for illegally importing over 350kg of meat and seafood
The items were seized and destroyed. In Singapore, food imports can be done only by licensed importers, and every consignment must be declared and accompanied by a valid import permit. In addition, ...
On sustainability matters, Singapore businesses still respond best to strict regulations: SAP
On the flipside, too much focus on compliance is the second-biggest sustainability challenge for businesses in the region.
Need for Singapore to take ‘accelerated action’ in pursuing lower carbon emissions, says climate expert
Singapore’s plans to ramp up carbon tax in the country will significantly reduce such emissions quickly, says Professor Mark Howden, a climate expert.
Interest rates will be Singapore banks’ boon and bane through 2023: analyst
It’ll benefit them over the next three quarters, but asset quality may deteriorate after. The rising interest rates will both benefit and challenge Singapore's big three banks through 2023. Whilst ...
As Singapore Parliament approves higher carbon prices, some MPs fear business toll but others want heftier emissions tax
Parliament yesterday (November 8) voted to sharply increase the tax on carbon emissions over the next five years but not before some Members of ...
Australia falling behind Singapore in green finance stakes
While Australia has come relatively late to taking the business of climate change seriously, Singapore is showing the way in exploiting potential opportunities in green financing.
Singapore yard may have quit US over cost overrun fears on $1.8bn order
Analysts say project was already running well behind schedule and was a drag on company results Fears of a massive cost overrun on a potential SGD 2.6bn ($1.8bn) newbuilding project may have been ...
For Singapore, a Global Slowdown Is Another Planet
The global slowdown often feels like it’s happening on another planet. The question might not be so much whether Singapore’s economy has become a bubble, a loaded term that implies a painful collapse ...
Terra co-founder Do Kwon faces $79.8m lawsuit in Singapore after crypto crash
SINGAPORE - Terraform Labs’ co-founder Do Kwon is facing a US$56.9 million (S$79.8 million) representative action suit in Singapore over his alleged role in a wipeout of cryptocurrencies he created.
As Parliament approves higher carbon prices, some MPs fear business toll but others want heftier emissions tax
Parliament on Tuesday (Nov 8) voted to sharply increase the tax on carbon emissions over the next five years but not before some Members of Parliament (MPs) flagged concerns that the plan could mean ...
Singapore firm accused by international NGO of ‘carbon footprint arbitrage’
A Singaporean energy firm may have committed "carbon footprint arbitrage" by selling off a coal firm to reduce its greenhouse gas emissions exposure while effectively retaining control of the company, ...
Singapore Tourism Market is Projected to Reach at a US$ 27 Bn by 2022 | FMI
The global singapore tourism market is estimated to garner a revenue of US$ 27 billion in 2022, surpassing US$ 39.9 billion by 2032, advancing at a CAGR of 4% during the forecast period (2022-2032).
Ports of Singapore and LA, Long Beach to Establish a Green and Digital Shipping Corridor
Port of Los Angeles, Port of Long Beach and C40 Cities have begun discussions to establish a green and digital shipping corridor between Singapore and the San Pedro Bay port complex. The corridor will ...
Singapore proposes to raise carbon tax to S$25 per tonne for greenhouse gas emissions in 2024 and 2025
Progressive increases will set Singapore on a trajectory to reach between S$50 to S$80 per tonne by 2030, said Minister for Sustainability and the Environment Grace Fu.
OCBC enables authentication tech for foreign business owners to open new bank account
OCBC Bank is making it easier for foreign owners of Singapore-incorporated small and medium-sized enterprises (SMEs) to open business banking accounts, through the use of digital passport ...