Tag: business

SINGAPORE - For two years, a Singapore Customs officer repeatedly abused her position to fraudulently obtain goods and services tax (GST) tourist refunds. In total, she received more than $16,000. Pang Yeow Biah, 61, who is no longer working there, pleaded ... ( read original story ...)

Various business sectors like manufacturing (OEM and silicon parts), financial intermediation and retail and wholesale trade are the main growth drivers for Singapore’s recent economic surge. This notwithstanding, Singapore’s resilient economy is only ... ( read original story ...)

This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. The Singapore Fintech Association has launched a marketplace lending committee, which aims to build trust in the alt ... ( read original story ...)

Prices have risen due to higher costs of eating out in restaurants. The average cost of a business trip to Singapore has increased to US$479 or $647 per day, compared to US$472 in 2016, ECA International revealed in its Daily Rates research. It rose from ... ( read original story ...)

Google Store Singapore and South East Asia – Google Pixels Phone now available to buy directly from Google – No more parallel import! A Google Home Mini costs only S$79. Still a bit more expensive if you convert directly from its US price US$49 with ... ( read original story ...)

Exports continued to disappoint for the second straight month in March, hit by a triple whammy of high base effects, cooling electronics demand and a strengthening Singdollar. The decline comes at a time when global trade tensions continue to mount, which ... ( read original story ...)

SINGAPORE: Exports increased only 2.1% y/y versus 5.2% expected. While this was worse-than-expected, imports declined by 0.6% y/y. The latter was expected to rise 6.3%, making the miss here more intense than the former. When net exports are positive ... ( read original story ...)

Channel checks by Singapore Business Review reveal that online ordering of groceries accounts for just under 2% of the retail pie in the city-state, and that Amazon only has a measly share of that. In addition to reports of delivery delays marring its Asia ... ( read original story ...)

SINGAPORE: Local shares bounced back yesterday after a dip on Thursday, due to Wall Street’s solid overnight showing and encouraging domestic growth data. The key Straits Times Index (STI) advanced 32.69 points, or 0.94 per cent, to finish at 3,501.30 ... ( read original story ...)

adding that Uber would continue to operate in Singapore until May 7 to smoothen the transition. Uber sold its Southeast Asian business to bigger local rival Grab, marking the U.S. company’s second retreat from an Asian market. Uber gets a 27.5 percent ... ( read original story ...)

Rising US-China trade tensions are raising alarm bells in export-reliant Singapore, with an index measuring economic uncertainty climbing to a five-month high in March. The Economic Policy Uncertainty (EPU) Index for Singapore rose to 155 last month from ... ( read original story ...)

an economist at United Overseas Bank Ltd. in Singapore. “They were still appreciative of the possible risks,” especially on trade and “because of that, in October I think they should still maintain” the stance, he said. While growth in the export ... ( read original story ...)

In spite of the two islands’ decades of warm diplomatic relations, Singapore comprised only 1.1 per cent of Sri Lanka’s exports and 5.3 per cent of imports in 2016. The agreement underlines Singapore’s serious search for trade and investment partners ... ( read original story ...)

CHONGQING - It now takes about a week to transport goods between Singapore and Chongqing but the two cities hope that this can be reduced to as little as five days, easing the import and export of fresh produce for instance. To realise such time savings ... ( read original story ...)

As the startup ecosystem increasingly bears the weight of play-it-safe startups taking advantage of the lion city’s prime business conditions, Singapore needs to weed out underperforming businesses and direct its more-than-abundant capital to risk-taking ... ( read original story ...)

SINGAPORE: More than 25 people were caught smoking contraband cigarettes in an enforcement operation by the Singapore Customs last Friday (April 6). In a Facebook post on Monday, Singapore Customs said that plainclothes officers were out in the Central ... ( read original story ...)