Digital transformation is expected to add $10 billion (S$13.2 billion) to Singapore’s GDP by the year 2021, Microsoft said on Wednesday (Feb 21). An additional S$145 million is being set aside for Tech Skills Accelerator. The Government is also planning ... ( read original story ...)
Ex-City Harvest fund manager Chew Eng Han arrested for attempting to flee Singapore by motorised sampan
Tan was similarly arrested for attempting to leave Singapore unlawfully. Yahoo News Singapore understands that when approached at sea, Chew and Tan told PCG officers that they were fishing, although there were no indications of them doing so at the point ... ( read original story ...)
Singapore’s New Chewing Gum Is an iQoS
Back in 1992, Singapore feared that its gleaming new subway would be wrecked by people using something sticky to disable automatic train doors — so it banned chewing gum. Twenty-six years later, the prohibition on the import, manufacture and sale of gum ... ( read original story ...)
Singapore Bourse May Open Under Pressure On Tuesday
The Singapore stock market has moved higher in back-to-back trading days, gathering more than 85 points or 2.4 percent along the way. The Straits Times Index now rests just beneath the 3,490-point plateau although the market may spin its wheels on Tuesday. ( read original story ...)
Singapore’s GIC says Japan must improve corporate governance
"While over 80% of firms listed on the Tokyo Stock Exchange's First ... advantage of that for bigger market shares and new products. We are encouraged by this as a global investor." GIC was established in 1981 to manage Singapore's foreign reserves. ( read original story ...)
Singapore City Harvest megachurch leader Chew Eng Han ‘tries to flee by sea’
A police statement said that preliminary investigations suggested Chew and the other man in the boat were "attempting to depart Singapore illegally," said a police statement. As well as fishing gear, the men were carrying S$5,000 ($3,800; £2,700 ... ( read original story ...)
IPO To Drive Financial Inclusion Ambitions of AND Global’s Mongolian Subsidiary, LendMN
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 ...)
Google Pay Is Coming To Singapore – Replaces Android Pay And Acts Like DBS’ PayNow
DBS, POSB, OCBC Bank, and UOB are some of the banks that support Google Pay. When the app rolls out in Singapore, users can use it to shop at major supermarkets like Sheng Siong and NTUC FairPrice, convenience stores like 7-11 and Cheers, and pay for food ... ( read original story ...)
Singapore will tax digital services from 2020
including overseas suppliers and electronic marketplace operations such as mobile application stores, will need to be registered with the Inland Revenue Authority of Singapore (Iras). This registration of overseas vendors will apply to those whose annual ... ( read original story ...)
Deezer pens deal with Singtel to provide data-free music streaming in Singapore
“Singtel Music has been offering its customers a wide array of music in the past two years,” said Diana Chen, VP for mobile marketing, consumer Singapore, at Singtel. “Through this latest partnership with Deezer, we’re making music streaming even ... ( read original story ...)
IPO To Drive Financial Inclusion Ambitions of Global’s Mongolian Subsidiary, LendMN
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 ...)
ASEAN Small And Medium Enterprises To Invest More In Technology To Boost Business Performance
Small and medium enterprises (SMEs) in Singapore and the ASEAN region see the need to invest more in technology in order to succeed under increasingly challenging conditions. These are the findings of the ASEAN SME Transformation Study by United Overseas ... ( 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 ...)