More From Singapore Business Review Singapore's 50 Largest Real Estate Agencies 2016 Look at how much will be slashed from Singaporean telcos' profits after a fourth player comes in Singapore's 20 Largest Architecture Firms 2016 ( read original story ...)
Doing business a mixed prospect across Asia
Brunei and Indonesia are among the most improved Asian economies for ease of doing business while Singapore has been replaced by New Zealand in first place overall, according to an influential World Bank report. East Asia and the Pacific are home to two of ... ( read original story ...)
5 things Singapore business travellers should know about their mobile and data plans
In the beginning, telcos fixed rates between inbound and outbound calls, with a little extra if such calls were needed to connect overseas. In the last 20 years, we've seen big disruptions and changes in technology. These changes have varied up the ... ( read original story ...)
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 ...)
Company director fined $134k, jailed 1 week for GST evasion and giving false information
and for furnishing false information to Singapore Customs. Xie Yuan, 30, director of Nu Gift Private Limited, pleaded guilty to two charges while another three charges were taken into consideration in the sentencing. Investigations by Singapore Customs ... ( 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 ...)