Singapore will begin taxing foreign-sourced disposable gains from January 1, 2024, with Parliament approving the amendments to the country’s Income Tax Act.
Exclusive: China’s CNOOC, two chemical firms looking at Shell Singapore assets – sources
At least three Chinese companies including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in coming weeks for the city ...
Singapore defense minister calls on China to take the lead in reducing regional tensions
Singapore's defense minister has urged China as a dominant power in Asia to take the lead in reducing tensions in the region, warning that a military conflict like the one in Ukraine or the ...
Korea Investment Partners is the latest Korean VC firm to launch a Southeast Asia fund
More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. Short for Korea Investment Partners Southeast Asia, KIPSEA has a ...
Singapore startups to get a leg up in India, Australia expansions
SINGAPORE’S tech startups that are keen to enter markets in India and Australia can now tap Enterprise Singapore’s (EnterpriseSG) new Global Innovation Alliance (GIA) nodes in Mumbai, Melbourne and ...
Singapore manufacturing, services business outlook slightly more optimistic for next 6 months
Find out more about subscription packages here. SINGAPORE’S manufacturers and services firms are slightly more positive about business conditions in the next six months, separate quarterly surveys ...
Viral video of Grab rider flying to Singapore to get chicken rice for customer is ‘fictional’
SINGAPORE — A viral TikTok video, which claimed that a Grab delivery rider had travelled from Thailand to Singapore to purchase chicken rice for a customer, has been debunked as a work of fiction. A ...
Brokers’ take: DBS upgrades OUE C-Reit to ‘buy’ after recovery beats expectations
DBS Group Research on Tuesday (Oct 31) upgraded OUE Commercial Real Estate Investment Trust (OUE C-Reit) to “buy” from “hold”. Its target price of S$0.35 remained unchanged. Read more at The Business ...
VML merger: Lessons from DBS/POSB by Robin Nayak
Not this time in the creative hotbed of adland, but the hard nose business of banking. Back then DBS had acquired Singapore’s popular savings bank POSB, an institution generations grew up with. Most ...
GIC appoints former DBS executive Jeanette Wong as board director
GIC on Thursday (Oct 31) named Jeanette Wong, a former executive at DBS, as a director of its board with effect from Nov 8, 2023. Read more at The Business Times.
Singapore’s luxury property market grinds to a halt amid massive money laundering probe
Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money-laundering scandals weighs on the market.
Singapore’s $110,000-a-Month Mansion Market Grinds to Halt
Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.Most Read from BloombergIsrael Latest: Netanyahu Vows to Stay On; ...
Is Singapore rushing to stay ahead in digital asset hub race with spate of new licences?
prompting observations from some in the industry that Singapore is moving to stay ahead of the competition in the crypto hub race. Market players noted that the full licences and in-principle ...
Singapore shares rise at Tuesday’s open; STI up 0.6%
SINGAPORE stocks opened higher on Tuesday (Oct 31), tracking overnight gains in the US and European stock markets. The Straits Times Index (STI) headed up 0.6 per cent or 19.49 points to 3,083.78 as ...
Teenagers lured by ‘fast cash’ among 9 people to be charged with disclosing Singpass, banking details
The nine people arrested are suspected to be involved in money laundering activities linked to banking-related phishing scams.
Singapore luxury bungalow sales tumble after money laundering bust
High-end bungalow sales are set for their worst year in nearly a decade with just eight sold as of the end-September. Read more at straitstimes.com. ( read original story ...)