Under Section 13D of the Income Tax Act, an offshore fund managed by a Singapore-based fund manager will be exempt from tax on income if the fund is a ‘prescribed person’. To qualify as a ‘prescribed ...
Singapore shares fall 0.7% as cautious investors await Fed’s next move
The Straits Times Index fell 22.64 points to close at 3,240.75 points on Tuesday. Read more at straitstimes.com.
S$1 billion money laundering case: Singapore MPs filed 32 questions
SINGAPORE — Members of Parliament (MP) in Singapore filed a total of 32 questions on anti-money laundering initiatives in light of the recent money laundering case where 10 foreign nationals were ...
Singapore Semiconductor Industry Association (SSIA) reaffirms commitment to cooperation
Singapore Semiconductor Industry Association (SSIA) reaffirms commitment to cooperating with industry leaders.
Singapore Expects Rental Pressures to Ease in Coming Quarters
Singapore expects rental pressures to further ease in the coming quarters as more residential units are completed, the Ministry of National Development said in a written response to a parliamentary ...
BlackRock’s largest Singapore-based ETF launch targets Asian climate action
BlackRock (NYSE:BLK), the world's largest asset manager, has launched its largest equity exchange-traded fund (ETF) in Singapore to date. The iShares MSCI Asia ex-Japan Climate Action ETF, valued at ...
Hong Kong rental market heats up while Singapore boom cools
Hong Kong rents remain on average about 9 per cent more expensive than Singapore’s, according to Knight Frank data. Read more at straitstimes.com. ( read original story ...)
MAS records highest civil penalties, convictions for financial crimes for 2022/2023
SINGAPORE - The Monetary Authority of Singapore (MAS) imposed the highest amount in civil penalties and recorded the highest number of convictions for financial crimes from Jan 2022 to June this year, ...
OCBC becomes first bank in Singapore to offer cross-border payments for customers through Alipay+
This partnership is OCBC’s latest cross-border payments collaboration, following its partnership with UnionPay earlier this year.
OCBC to enable QR payments in China via Ant Group partnership
OCBC’S Singapore customers can use their banking app to make QR code payments in China from Friday (Sep 22), under a new partnership with Alipay operator Ant Group. Read more at The Business Times.
Fare hike could lift ComfortDelGro’s FY2024 net profit by $11 million: DBS
ComfortDelGro has a 74.4 per cent stake in SBS Transit, which operates public bus and train services in Singapore. Read more at straitstimes.com.
Chee Hong Tat on tax revenue and cost-of-living assistance
Singapore’s tax revenue collections have grown broadly in line with GDP. Higher tax revenue in Financial Year 2022 compared to the previous year was due to the country’s economic recovery after the ...
As Singapore’s soaraway rental boom cools, Hong Kong rents start to heat up
The contrast between two of Asia’s prime financial hubs underscores Hong Kong’s path to recovery from the pandemic as Singapore’s policy measures to tackle soaring property prices start to bite.
Returns At Isetan (Singapore) (SGX:I15) Are On The Way Up
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few ...
Singapore’s key exports plunge by 20.1% in August
Singapore's non-oil domestic exports (NODX) contracted for the 11th consecutive month in August, falling by 20.1%, with both electronics and non-electronics seeing a decline.
Singapore’s been named the world’s 6th Blue Zone. Some locals are skeptical.
"You can live longer merely because of better medical support. But you are not healthy or happy," one Singaporean told Insider.