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Tag: business

Posted on 31/10/2022

Why Indian startups are setting base in Singapore but Flipkart-owned PhonePe isn’t

The Indian payments service provider PhonePe, which is supported by Flipkart, declared earlier this month that it had finished moving its headquarters from Singapore to India. American grocery giant ... ( read original story ...)

Posted on 31/10/2022

Transport engineering cluster seen as most optimistic as business sentiments in manufacturing sector remain negative

Looking ahead, a net weighted balance of 17% of manufacturers expect lower output in the 4Q2022 for the next six months. ( read original story ...)

Posted on 31/10/2022

Swiss Chamber Eyes Bigger Role in Singapore: Businesses to Drive Innovation, HR Development

SINGAPORE - Media OutReach - 31 October 2022 - Swiss Chamber of Commerce and Industry Singapore (SwissCham) said it aims to leverage on the core strengths of innovation and ... ( read original story ...)

Posted on 31/10/2022

Why Indian Startups are establishing a base in Singapore

Earlier this month, Flipkart-backed Indian payments service company PhonePe announced that it had completed the move of its headquarters from Singapore to India. Indian e-commerce giant Flipkart is a ... ( read original story ...)

Posted on 30/10/2022

Karaoke operators worry Covid-19 surge may impact their business

SINGAPORE - Karaoke operators finally opened their doors to guests after six months, but they are worried higher infection numbers may mean a return to restrictions - a move they say could mean ... ( read original story ...)

Posted on 30/10/2022

Football: World Cup rights holders in Singapore face challenges in recouping fees of over $25m

Late announcement of the deal, unique timing of the Qatar World Cup, will impact ability to attract customers, say experts. Read more at straitstimes.com. ( read original story ...)

Posted on 30/10/2022

Keeping the COE price under control: Should Singapore adopt a ‘1 car, 1 household’ policy or a separate COE category for commercial vehicles?

The Certificate of Entitlement (COE) is something unique to Singapore. It is a scheme that was implemented, along with the Vehicle Quota System (VQS) to control the population growth of vehicles here. ( read original story ...)

Posted on 29/10/2022

Funeral workers wanted in Singapore: At least 800 job vacancies available over next few years

Faced with an ageing population, Singapore’s annual deaths are set to rise from about 24,000 in 2021 to 40,000 in 2040. ( read original story ...)

Posted on 28/10/2022

Gas supply from Sumatra to Singapore to ease under new contract from 2023

The volume of Indonesian gas supplied to Singapore from South Sumatra will fall under a new five-year contract that starts from 2023, said Indonesia’s Minister for Energy and Mineral Resources Arifin ... ( read original story ...)

Posted on 28/10/2022

Singapore stocks end week on a high amid bargain hunting; STI up 1.5% on Friday

Local shares ended a choppy week on an upbeat note on Friday, thanks in part to some buoyant corporate results. Read more at straitstimes.com. ( read original story ...)

Posted on 28/10/2022

Dirty Russian oil tankers pile up near Singapore and Malaysia ahead of EU sanctions

Nearly 65 per cent of all Russian flows that have signalled Singapore as a destination have ended up in commercial floating storage tankers around Malaysia’s Tanjung Pelepas over the last three months ... ( read original story ...)

Posted on 28/10/2022

Singapore’s total employment grows in Q3 but job market shows signs of slowing momentum: MOM

Unemployment rates inched up from a six-year low while retrenchments rose to 1,600 from the previous quarter’s all-time low of 830. ( read original story ...)

Posted on 27/10/2022

Inflation in Singapore to stay high next year even as economic growth slows: MAS

Singapore is headed for a difficult year in which economic growth will slow while inflation will remain high, partly because wage increases are expected to continue. ( read original story ...)

Posted on 27/10/2022

Inflation in Singapore will stay high next year even as pace of economic growth slows: MAS

No imminent threat of a recession here but the outlook depends on trajectory of other advanced economies, MAS warns. Read more at straitstimes.com. ( read original story ...)

Posted on 27/10/2022

Credit Suisse to cut 9,000 jobs, some in Singapore, after posting $5.7b Q3 loss

The bank intends to raise capital worth 4 billion Swiss francs through the issuance of new shares to qualified investors. Read more at straitstimes.com. ( read original story ...)

Posted on 27/10/2022

Below-trend growth for Singapore economy in 2023 amid deteriorating global outlook: MAS

Inflation-growth dynamics of the global economy have turned less favourable in the past few months, says the macroeconomic review. ( read original story ...)

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