"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$758,960) is aimed at making duties more equitable rather than imposing an additional property curb ... ( read original story ...)
Singapore Budget 2018: Lowering infrastructure financing costs
This will help lower financing costs while ensuring Singapore does not draw directly on its reserves to fund major spending, Finance Minister Heng Swee Keat said. Statutory boards and government-owned companies are already using bonds to finance ... ( read original story ...)
Singapore Budget 2018: The Singapore-Listed Companies That Could Benefit (Or Be Harmed)
On Monday, Singapore’s Finance Minister, Heng Swee Keat, delivered his much-awaited Budget statement. This year’s Budget was designed to be a “strategic and integrated plan to position Singapore for the future.” Within the plan are areas that could ... ( read original story ...)
Reduced tax exemptions to have minimal impact on Singapore start ups
SINGAPORE: Despite the announcement of lower tax exemptions in Budget 2018, start-up founders here are not worried, with some noting that the adjustment will likely have “minimal” impact. This is because the tax change, which is due to take effect in ... ( read original story ...)
Singapore promises not to cane suspected bank robber if UK sends him back to face trial
Singapore has agreed not to cane a man accused of carrying out a rare bank robbery in the city state if Britain extradites him to face charges, officials said on Tuesday. David Roach, a Canadian citizen, is wanted in Singapore for allegedly stealing Sg$ ... ( read original story ...)