Singapore registered fintech startup AND Global today announces the upcoming initial public offering (IPO) of its Mongolian subsidiary LendMN, a smartphone-based instant lending service provider. The IPO will launch on February 20, 2018 on the Mongolian ... ( read original story ...)
Singapore Budget 2018: Organisations and businesses react to the Budget speech
SINGAPORE - Finance Minister Heng Swee Keat presented this year's Budget in Parliament on Monday (Feb 19), where he unveiled Singapore's plans in the face of three major shifts in the coming decade. These include a greater shift in global economic weight ... ( read original story ...)
Three Announcements in the Singapore Budget That Will Affect Investors
Finance minister Heng Swee Kiat said the increase is to let the government have enough to meet the future needs, without burdening future generations. The GST hike will put inflationary pressure on Singapore. Depending on the price sensitivity of the ... ( read original story ...)
Singapore to impose tax on digital services from 2020
Following Budget 2018, Singapore finance minister Heng Swee Keat has revealed that goods and services tax (GST) will be implemented for digital services from overseas suppliers from 1 January 2020. "We do not expect either to occur every year; it is not a ... ( read original story ...)
Daily Briefing: Singapore’s home tax hike is not a market cooling measure, says minister; Oracle boots second Singapore hub
And here are two REITs with exciting results this quarter. From Bloomberg Finance: Singapore’s tax increase on home purchases exceeding $1m (US$758,960) is aimed at making duties more equitable rather than imposing an additional property curb ... ( read original story ...)
Singapore Budget 2018: Lowering infrastructure financing costs
This will help lower financing costs while ensuring Singapore does not draw directly on its reserves to fund major spending, Finance Minister Heng Swee Keat said. Statutory boards and government-owned companies are already using bonds to finance ... ( read original story ...)
Singapore Budget 2018: The Singapore-Listed Companies That Could Benefit (Or Be Harmed)
On Monday, Singapore’s Finance Minister, Heng Swee Keat, delivered his much-awaited Budget statement. This year’s Budget was designed to be a “strategic and integrated plan to position Singapore for the future.” Within the plan are areas that could ... ( read original story ...)
Singapore promises not to cane suspected bank robber if UK sends him back to face trial
Singapore has agreed not to cane a man accused of carrying out a rare bank robbery in the city state if Britain extradites him to face charges, officials said on Tuesday. David Roach, a Canadian citizen, is wanted in Singapore for allegedly stealing Sg$ ... ( read original story ...)
Singapore Budget 2018: What I Learnt About Singapore After Watching It
Aristotle For the past three years, I have had the privilege of watching the Singapore Budget while it’s being presented. This come as a perk/responsibility of writing at a finance website. And like all other writers covering the budget, I do my best to ... ( read original story ...)
SINGAPORE BUDGET 2018: Singapore to inject initial $5 bil into new rail infrastructure fund
SINGAPORE (Feb 19): The government is setting up a new Rail Infrastructure Fund to build major MRT lines in the future. It will inject an initial $5 billion in FY18 into the new fund. Finance Minister Heng Swee Keat said the initial injection of $5 billion ... ( read original story ...)
Harvard Grad Raids Silicon Valley to Grow AI at Thai Bank
The unit, SCB Abacus, has wooed about 30 Thai technology experts from ... to develop and upgrade technology infrastructure in the three years starting 2017. In contrast, Singapore’s DBS Group Holdings Ltd. spent S$5 billion ($3.8 billion) on ... ( read original story ...)
Blockchain to upend payment systems by ditching middleman
SCB will also launch investment centres across the country ... to provide practical training and investing experience to a large number of students across Singapore, Thailand and India. TrakInvest provides users with a simulated platform for trading ... ( read original story ...)
Green buildings pay out in more than just
Since then, green buildings have been multiplying at a 54 per cent annual growth rate and now reach more than 5 million square metres nationwide, according to SCB’s Economic Intelligence ... Disparity arises regionally, though. Singapore is keen to ... ( read original story ...)
Asian Stocks Took Their Cues From the U.S, Wiping Out 2018 Gains
At Janus Henderson Investors in Singapore, a fund manager has boosted defensive stocks ... I think I just want to be patient and cautious” SCB ASSET MANAGEMENT (Narongsak Plodmechai): “We have anticipated some correction in the first quarter, as ... ( read original story ...)
10 Restaurants In Millenia Walk Where HSBC Cardholders Can Enjoy 15% Off
Tokyo Chopped Salad is Singapore’s first chopped salad concept by Chef Teppei ... Beef Tataki Salad ($14.90), topped with hearty beef slices and premium red rice. HSBC cardholders can enjoy 15% off your total bill. Now, you can have your salad the ... ( read original story ...)
HSBC more than doubles pre-tax profits to US$17.2b in 2017
1 Singapore Budget 2018: Top marginal buyer's stamp duty for residential properties up to 4% from 3% 2 Singapore Budget 2018: GST to be hiked to 9% in "earlier" part of 2021-2025 period 3 Singapore Budget 2018: SG Bonus 'hongbao' of S$100, S$200 or S$300 ... ( read original story ...)