SINGAPORE – After evading paying goods and services tax at Changi Airport for luxury items she bought in Europe, a woman went on social media to teach others how to do the same. On March 27, Cloey Tan ...
S$18,000 fine for Singaporean woman who evaded GST on luxury goods, gave tips online for others to do the same
SINGAPORE: After evading paying goods and services tax at Changi Airport for luxury items she bought in Europe, a woman went on social media to teach others how to do the same.
Singapore banks flagged for financing Harita’s coal-powered nickel smelters; OCBC tops list of financiers
SINGAPORE] The three local banks in Singapore have been flagged by an environmental advocacy group for financing coal-powered nickel smelters and refineries run by Indonesia’s Harita Group. Read more ...
The continuing search for sustainable sand alternatives an imperative for Singapore
SINGAPORE] Indonesia’s sea sand exports could grow this year, after the country in 2023 lifted a 20-year ban. The move has been described as a “boon” for major sand importer Singapore. But with the ...
Singapore stocks track Wall Street gains with STI up 0.2%
Key indices in the region closed higher. Hong Kong’s Hang Seng Index gained 0.6 per cent, Japan’s Nikkei 225 was up 0.7 per cent, South Korea’s Kospi rose 1.1 per cent, and the FTSE Bursa Malaysia ...
Jardine’s DFI says S$125 million sale of Singapore food business not price-sensitive, but investors disagree
SINGAPORE] Supermarket and retail store operator DFI Retail Group on Monday (Mar 24) explained why it did not announce the divestment of its Singapore food business on the Singapore Exchange (SGX).
Singapore Focuses on Growth with New Tax Incentives for Investors
Opinion: Crowe's Sivakumar Saravan says multinational enterprises should assess the range of opportunities offered by the new corporate tax measures in Singapore's 2025 budget.
1.3% dip in Singapore factory output despite high growth expectations
SINGAPORE - Factory production in Singapore fell in February, breaking a seven-month rising streak, after the biomedical and electronics clusters contracted year-on-year. Total output decreased 1.3 ...
Singapore Manufacturing Output Falls Sharply in February Amid Weak Biomedical Demand
Singapores manufacturing sector unexpectedly contracted in February, with output falling 1.3% year-on-year, defying forecasts of a 7% increase, according to data from the Singapore Economic ...
Budget 2025 leaves no Singaporean behind in 60th year of independence
The Government’s spending plan for the country's 60th year of independence was a “Budget for all Singaporeans”. Read more at straitstimes.com.
Singapore’s incentives for electric heavy vehicle will kickstart adoption, but timing a concern: industry players
Charger and vehicle subsidies effective for most heavy vehicles, but 2026 starting date will mean slow sales in 2025 ...
Singapore, Vietnam businesses ink agreements in areas such as electricity trade, QR payments
HANOI] Singapore and Vietnam on Wednesday (Mar 26) exchanged five agreements on cooperation in areas such as cross-border electricity trade and QR payments, in a ceremony witnessed by Prime Minister ...
Macrovalue’s S$125m bet: Why Singapore Cold Storage and Giant are worth every cent, say new Malaysian owner
DFI Retail Group’s decision to divest its Singapore supermarket business has paved the way for Malaysia’s Macrovalue to expand its presence in the sector in the island nation. The privately owned firm ...
New Cold Storage, Giant owners say $125m price tag fully reflects value of the business
SINGAPORE - Although DFI Retail Group has decided to offload its Singapore supermarket business to focus on other more lucrative businesses, the new owners of Cold Storage and Giant see new ...
Average growth of 8% a year in last decade by Singapore’s general insurance sector
SINGAPORE] The Republic’s general insurance sector has grown at an average annual rate of around 8 per cent in the last decade, reflecting its consistent performance and resilience over the long term, ...
Cold Storage, Giant acquisition: Supermarkets in Singapore still profitable despite stiff competition, analysts say
Malaysian retail group Macrovalue has acquired Singapore's Cold Storage and Giant supermarket chains for S$125 million.