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Tag: business

Posted on 07/01/2025

Meralco bags deal to build 600-MW gas plant in Singapore

PacificLight Power Pte Ltd., a subsidiary of Meralco PowerGen Corp. (MGen), won the contract to develop a new 600-megawatt (MW) gas-fired facility in Singapore, helping to solidify its position in ...

Posted on 07/01/2025

SingPost appoints former Singapore CEO Neo Su Yin as group COO

Her appointment came after the sacking of three top executives. Singapore Post appointed former Singapore CEO Neo Su Yin as the group chief operations officer (COO). Neo ended her tenure as SingPost ...

Posted on 07/01/2025

What is Singapore’s biggest export, and how does it compare globally?

From oil to eggs, click or scroll through this gallery and join us to discover the most lucrative exports in 45 key nations, as revealed in the latest data from World's Top Exports. All dollar amounts ...

Posted on 06/01/2025

Undertaker gets jail, fine and S$340,000 penalty for tax offences in fourth such case

Tee Siew Gim is the fourth undertaker to be prosecuted for tax offences since IRAS started investigating the funeral industry in 2019.

Posted on 06/01/2025

Vietnam police crack down on crypto mining scam, recover 4 billion dong

Over 200 victims lost billions in a cryptocurrency mining scam in Vietnam, with authorities uncovering a sophisticated scheme led by four suspects.

Posted on 06/01/2025

Global crackdowns target crypto scams and AI deepfake fraud

A week into 2025, police authorities from various jurisdictions have independently apprehended fraudsters running varied cryptocurrency-related schemes targeting hundreds of potential victims. On Jan.

Posted on 06/01/2025

Singapore shares close higher on Monday; STI up 0.5%

SINGAPORE - Singapore stocks ended higher on Jan 6 despite declines across the region amid the Federal Reserve’s hawkish stance. The Straits Times Index rose 0.5 per cent or 20.01 points to 3,821.84.

Posted on 06/01/2025

Budget 2025: Singapore’s manufacturing sector is at a “significant turning point”: SMF

SINGAPORE - The manufacturing sector is at a “significant turning point”, and Budget 2025 should help enhance Singapore’s competitiveness in the global arena. The Singapore Manufacturing Federation’s ...

Posted on 06/01/2025

200 deceived by crypto mining scam in Vietnam via Singapore website

Over 200 people have fallen victim to a crypto mining scam in southern Vietnam by submitting VND4 billion (US$157,300) to a fraudulent platform.

Posted on 06/01/2025

Singapore Private Sector Slows In December – S&P Global

The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed ...

Posted on 05/01/2025

California Resident Files Lawsuit Against 3 Asia-Based Banks Over $1M Crypto Scam

A California resident has filed a lawsuit against three Asia-based banks, accusing them of neglecting necessary checks that could have prevented crypto scammers from defrauding him of nearly $1 ...

Posted on 04/01/2025

Singapore Work Visas: From work permit to students visa; here’s a comprehensive guide

Foreigners seeking employment in Singapore must obtain a valid work permit. Work visa types vary for foreign students, professionals, managers, executives, entrepreneurs, and skilled/semi-skilled ...

Posted on 04/01/2025

‘Our gameplan seems to be tax people to death…’: Startup founder slams India’s lag behind China, Singapore

Shrivastava points out that no Indian leaders are addressing critical issues such as sensible taxation, rolling back freebies and reservations, or boosting exports. Instead, the focus remains on ...

Posted on 03/01/2025

‘Financial world built on lies’: Crypto mogul pleads not guilty in first US court appearance

South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty Thursday to a freshly unsealed indictment released in time for his first U.S. court appearance. Kwon entered the plea in Manhattan ...

Posted on 03/01/2025

Trump’s tariffs will test the resilience of Singapore’s export-driven economy in 2025

The gloomy 2025 outlook comes at the end of a surprisingly good year when Singapore’s economy grew by 4%. Read more at straitstimes.com.

Posted on 03/01/2025

Singapore organisations report higher satisfaction and growing optimism for 2025, but attractiveness as a global talent hub drops to 41%

Meanwhile, there was a slight drop in Singapore’s standing as a global talent hub. Only 41% of organisations now rate the country highly as a destination for talent, down from 43% last year, with the ...

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