SINGAPORE: Singapore downgraded its 2023 trade forecasts on Thursday (May 25) due to "worse-than-expected" performance in the first quarter of the year. Besides the first quarter showing, the forecast ...
Singapore upbeat travel boom can cushion economy from recession despite global slowdown woes
Singapore’s economy relies heavily on trade and is vulnerable to shocks resulting from disruptions in commerce, especially involving China, the city state’s No 1 trading partner. In a separate ...
IRS to Send Cyber Attachés Abroad to Fight Crypto Crime
The Internal Revenue Service (IRS) is launching a four-month pilot program this June to fight global cyber-crime using crypto, particularly for tax evasion ...
Singapore cuts 2023 trade forecasts after Q1 exports slump worse than expected
SINGAPORE (The Straits Times/Asia News Network): Singapore cut its 2023 growth forecasts for key non-oil domestic exports (Nodx) and total merchandise trade, which includes oil, amid a sharp downturn ...
Singapore economy beats estimates but govt warns of global risks
Singapore's economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy. It warned, ...
How Is Cryptocurrency Taxation Managed Effectively in Singapore?
Positioned as a global leader in the financial sector, Singapore has demonstrated an encouraging approach towards cryptocurrencies, solidifying its status as a crypto-friendly nation. The significance ...
Logistics firm fined $18,500 for illegally importing about 500kg of meat and seafood
The firm, ACD Logistics, was only licensed to import processed food and food appliances. Read more at straitstimes.com.
Singapore is most attractive market for doing business: report
The Lion City will have the best business environment over the next five years. Singapore is still the world’s best business environment with a score of 8.70 in the second quarter of 2023, a recent ...
Stalin Woos Singapore, Investors, Bills TN As Favourble Investment Destination
M K Stalin met on Wednesday with top officials of various companies in Singapore and invited them to invest in Tamil Nadu, touting its conducive business environment.
Singapore has the best business environment while Denmark comes in third
The Economist Intelligence Unit (EIU) has predicted that Singapore, Canada, and Denmark will have the best business environments in the next five years. The EIU is an organization that analyses ...
Trent sets up 50:50 JV with Singapore’s apparel maker MAS Amity
Trent and MAS Amity, have subscribed equally to 5 lakh equity shares of the new entity at a face value of Rs 10 each, amounting to a total of Rs 50 lakh, Trent said in the exchange filing.
Singapore’s core inflation remains unchanged at 5% in April
SINGAPORE: Singapore’s core inflation held steady at 5 per cent year-on-year in April, with lower inflation for electricity and gas, food as well as retail and other goods. The lower inflation in ...
Singapore stocks rise amid improving sentiment
Across the broader market, gainers beat losers 278 to 254 after 1.3 billion shares worth $909.9 million were traded. Read more at straitstimes.com.
Singapore Inflation Rises Slightly To 5.7%
Singapore's consumer price inflation increased somewhat in April after easing to a 9-month low in March amid increased costs for ...
Singapore and Kazakhstan sign 4 agreements during President Halimah Yacob’s state visit
The services and investment agreement will make business ventures more seamless, and provides Singapore investors with stability and predictability via investment protection disciplines.
Crypto Hedge Fund Plans to Raise Up to $27M for Bitcoin-Focused Fund
Singapore-based crypto hedge fund BXB Capital is planning to launch a bitcoin-focused fund in July 2023, according to Fortune. With the new fund, BXB adopted a different approach as it looks to raise ...