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Tag: tax

Posted on 09/02/2024

Man helped Thai sex work syndicate operating in Singapore transfer S$75,000 overseas, gets jail

Mangmeesri Chanwit's bank account was used to transmit over S$75,000 to Thailand, and he received about S$5,000 in total for his help.

Posted on 09/02/2024

Security Firm Issues Warning About WordPress Crypto Widgets

The Cyber Security Agency of Singapore warns of hackers using price ticker and coins list plugins to extract sensitive data via SQL Injection.

Posted on 09/02/2024

BT Explains: How might Singapore stay competitive with tax changes under BEPS 2.0?

SINGAPORE is implementing a minimum effective tax rate of 15 per cent for multinational enterprise (MNE) groups from January 2025, in line with global tax changes. But this means the Republic will no ...

Posted on 08/02/2024

Singapore middle distillates stocks dip but remain above 7 mln bbls

Singapore's middle distillates stockpiles slipped slightly week-on-week as net exports of both diesel/gasoil and jet fuel/gasoil posted robust gains, official data showed on Thursday.

Posted on 08/02/2024

I moved from San Francisco to Singapore. It’s so much cleaner and safer, and I can’t imagine returning home.

Nick Burns moved from San Francisco to Singapore. He met his wife, enjoys the spicy food, and gets to travel to places like Bali on the weekends.

Posted on 08/02/2024

Singapore shoppers scoop up Lunar New year bargains in Malaysia as city state’s dollar rides high: ‘it’s like a bonus’

As the cost of living back home soars, Singaporeans are taking advantage of their local dollar’s unprecedented strength. And the Malaysian ringgit isn’t the only Asian currency at a record low against ...

Posted on 08/02/2024

Median monthly household income in Singapore above $10,000 in 2023 for second straight year

The lowest 10 per cent in terms of household income saw the slowest average nominal income growth. Read more at straitstimes.com.

Posted on 08/02/2024

Hillhouse Investment acquires Singapore’s InCorp Global

InCorp said Hillhouse’s acquisition is a strategic move that will enable it to further accelerate growth. Read more at straitstimes.com.

Posted on 08/02/2024

Median monthly household income in Singapore above $10k in 2023, up 2.8% in real terms

The median monthly income from work for Singapore households was above $10,000 for the second year in a row in 2023.The median monthly income grew by 7.6 per cent in nominal terms from $10,099 in 2022 ...

Posted on 07/02/2024

Import of 3 LNG cargoes from Singaporean firms get cabinet body approval

Cabinet Committee on Government Purchase (CCGP) in a meeting on Wednesday approved three separate proposals to import three LNG (liquified natural gas) cargoes from Singapore-based companies.Finance ...

Posted on 07/02/2024

Deal signed to export DR Congo copper via US-backed corridor

Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo. Ivanhoe Mines' ...

Posted on 07/02/2024

DBS leads STI up 1% as Singapore shares end Wednesday higher

A bumper profit at banking giant DBS helped propel the local market north on a day when other bourses in the region clocked in with mixed results. It also announced a one-for-10 bonus share issue and ...

Posted on 07/02/2024

Median monthly household income in Singapore above $10,000 in 2023 for second consecutive year

SINGAPORE: The median monthly income from work for Singapore households was above S$10,000 for the second year in a row in 2023.

Posted on 07/02/2024

Standardising food expiry date labels could result in extra costs, impact food imports

Use by” dates are for highly perishable food, while "best before" dates are for food items with longer shelf life. Read more at straitstimes.com.

Posted on 07/02/2024

Singapore bank DBS cuts CEO pay on digital disruptions despite record profit

DBS Group cut CEO Piyush Gupta's pay by S$4.1 million ($3.05 million), penalising him for last year's digital banking disruptions, even as Singapore's largest lender posted a record 2023 profit and ...

Posted on 07/02/2024

Google says Singapore has ‘very high’ potential to be a global AI hub

"In order for AI to really deliver on its potential, you need really good public and private partnerships," Caroline Yap of Google Cloud told CNBC.

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