Business sentiment on the ground in Singapore is chilly - worse than during the 2008 global financial crisis, a new survey has found. But even as companies face intense short-term pressures, they are preparing long-term growth plans. KPMG's pre-Singapore ... ( read original story ...)
Singapore urged to increase tax deduction on medical expenses
SINGAPORE: As the city-state’s population starts to age and adopt unhealthy lifestyles, one in four Singaporeans over the age of 40 now has at least one chronic disease. Rising medical costs have hampered access to healthcare treatment, and Deloitte ... ( read original story ...)
More foreign workers helping to push duty-unpaid cigarettes
SINGAPORE — More foreign workers are helping to deliver duty-unpaid cigarettes to earn money on the side, Singapore Customs said on Thursday (Jan 12), disclosing that 21 such individuals were arrested for these offences last year. These foreign workers ... ( read original story ...)
Centre to boost production for export
Singapore-based investment holding firm Commonwealth Capital ... The company hopes to derive at least 50 per cent of its revenue from exports in the next two years - a major increase from its current share, which Mr Kwan said is "very little". ( read original story ...)
Iraq plans record February Basra oil exports despite OPEC cut in force
SINGAPORE/MOSCOW Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. The country's State Oil Marketing Company (SOMO) plans to export 3 ... ( read original story ...)
Singapore hits slowest economic expansion since 2009
It registered a full-year growth of 1.8% in 2016. Singapore’s economic growth quickened to the fastest pace in more than three years last quarter as manufacturing and services rebounded, according to a report from Bloomberg. Gross domestic product rose ... ( read original story ...)
Singapore demands to return seized military vehicles
SINGAPORE: Singaporean Defense Minister Ng En Hen called on Hong Kong to return nine armored personnel carriers seized by customs officials late last year, saying the equipment was sovereign property and could not legally be held. Ng told parliament that ... ( read original story ...)
Singapore asks banks to establish clients tax residency status
SINGAPORE: Singapore has asked financial institutions to establish the tax residency status of all their account holders and report some of the financial data to authorities, as new rules on financial data sharing kick in to fight tax evasion. Singapore ... ( read original story ...)
Total rethink needed for S'pore economy to stay relevant: Business leader
It will not be business as usual any more for Singapore's economy in the future, and this requires good foresight and preparation on all fronts for whatever changes that may come, business leaders have told The Business Times (BT). Their comments ... ( read original story ...)
Singapore Airlines to reveal new A380 first class suites mid-2017
A spokesman for Singapore Airlines confirmed to Australian Business Traveller "we are working towards an unveil of the new cabin products at an event in Singapore early in the second half of this calendar year." "The first aircraft from the next batch of ... ( read original story ...)
In the hunt for new ideas, Singapore eases obsession with grades
"For a long time, graduates became entrepreneurs despite the school system not because of it," said Patrice Choong, a professor at Singapore's Ngee Ann Polytechnic. At Ngee Ann, students have to develop a business, or design products, as part of their ... ( read original story ...)
Will the ECRL really threaten Singapore?
PETALING JAYA: The East Coast Rail Link (ECRL) can threaten Singapore’s shipping business, but only if ports on the western and eastern sides of Peninsular Malaysia operate at world class efficiency, says an official of the Institute for Democracy and ... ( read original story ...)
ANZ, Macquarie join push to have Singapore rate rigging case in US dropped
The international banks accused of rigging the Singapore intra-bank interest rate including ANZ ... represent a comparatively small portion of their global business operations," the banks add. However, lawyers for Frontpoint and Sonterra said the court ... ( read original story ...)
How to incorporate a company in Singapore
Approved Name of the Company Brief Description of Business Activities & Copy of Company’s Memorandum and Articles of Association Particulars of Directors and Shareholders Registered Address Company Secretary Particulars Foreigners to Singapore must also ... ( read original story ...)
Over 126,000 Singaporeans used SkillsFuture Credit in 2016
SINGAPORE: More than 126,000 Singaporeans used their SkillsFuture ... and understand what's happening in their business, (and ensure) that they're being proactive in understanding how that's going to impact their role." There was also an overall increase ... ( read original story ...)
Singapore considers more investment, flights to Manila – DOF
“We’re trying to get a mixed meeting of the PSBC (Philippines-Singapore Business Council) here. They want to bring the members to Davao to meet with the President,” Kok said. Dominguez said that a possible date for such a dialogue could be in Februar ( read original story ...)