Brunei Times to close over 'business issues'

SINGAPORE: The Brunei Times (BT) will cease to operate with effect from Tuesday (Nov 8), after 10 years of publication. In an announcement run under its masthead on Monday, the English daily published in Brunei Darussalam cited reasons such as "business ... ( read original story ...)

Singapore fuel oil margins at highest since 2012

SINGAPORE: Singapore refining margins for benchmark 180-cst fuel oil against Dubai crude on Monday rose to their narrowest discount in more than four years amid lower supplies and firm demand, despite recent efforts to boost yields. The improved margin ... ( read original story ...)

Singapore Airlines net profit increases to $46.8m in September

SINGAPORE: Singapore Airlines booked net profit of 64.9 million Singapore dollars ($46.8 million) for the quarter ended September, a hefty 69.6% year-on-year decline, with industry-wide competition and a capacity glut continuing to erode the carrier’s ... ( read original story ...)

Singapore’s adds to transfer pricing requirements

SINGAPORE: Inland Revenue Authority of Singapore (IRAS) released details of a new form that certain companies will be required to file from the 2018 assessment year to report their related-party transactions. The form must be completed and filed together ... ( read original story ...)

Singapore Airlines profits plunges in 2Q

SINGAPORE: Profits plunged at Singapore Airlines (SIA) in the second quarter amid a sluggish global economy and aggressive competition that continues to put pressure on fares and yields. Earnings fell by almost 70 per cent to $64.9 million in the three ... ( read original story ...)

Essential Tips For Business Travelers Visiting Singapore

I’ve probably travelled to Singapore about 20 times in the past 3 years. I visit frequently to work with clients of Xpat Media. A couple of weeks ago I visited to speak at ITB Asia with several bloggers from the Professional Travel Bloggers Association. ( read original story ...)

Private banks lacking scale exit Singapore

As Asia is tipped to be the richest region in the near future, private banks in the region need to adapt their business models to meet the growing demand. Bahren Shaari, Bank of Singapore's chief executive, said: "For instance, with the rising cost of ... ( read original story ...)

Singapore launches Manchester to Houston service

Singapore initially operated to Manchester via Munich using their Boeing B777-300ER aircraft. This time, the airline will use the same aircraft but will utilize Manchester as a connection point for passengers to preclear U.S. customs. The route will be ... ( read original story ...)

Flailing export dampens GDP growth outlook

"While the risk of a major global downturn has subsided somewhat, external demand will continue to be uneven across a number of Singapore’s key export markets. In addition, growth in some trading partners, including the US, will be largely supported by ... ( read original story ...)

S’pore exports back in negative territory

SINGAPORE — Exports of locally made goods plunged back into negative territory in September after coming in flat in August, reflecting the global pressures that Singapore’s trade-dependent economy faces. On a year-on-year basis, non-oil domestic ... ( read original story ...)

Singapore’s non-oil exports fall by 4.8%

SINGAPORE: Exports declined less than expected last month but the outlook for Singapore’s small, trade-dependent economy remains gloomy. Non-oil domestic exports (Nodx) fell 4.8 per cent in September compared with the same month a year earlier – a ... ( read original story ...)

Singapore starts trial of ex-banker linked to 1MDB Fund

SINGAPORE - A private banker charged with money laundering and other offences in connection with the indebted Malaysian state fund 1MDB went on trial in Singapore on Monday. Yeo Jiawei, a former wealth planner at Swiss private bank BSI, is facing 11 ... ( read original story ...)

Success in south-east Asia: four business rules to observe

Dynamic and rich in opportunities, south-east Asia is a fantastic place to do business. However, before you step off your Singapore Airlines flight and kick off a round of meetings in the region, do your homework: if you want to succeed, it’s vital you ... ( read original story ...)