SINGAPORE is offering refiners and petrochemical companies ... adding that companies will be given sufficient notice in advance of changes to facilitate business planning. In general, the carbon tax ...
Singapore to offer carbon tax rebates up to 76% for refiners, petrochemical firms, sources say
The tax concessions will provide a significant buffer for refiners' profit margins amid growing competition with newer plants in China and the Middle East. Carbon tax costs are estimated at between 80 ...
The U.S. is losing crypto developers to other countries, report says
“The U.S. continues to lose developer share, down 14 points in the past five years; only 26% of crypto developers are US-based today,” Coinbase said in a new report.
Briefs: US Fed signals one rate cut this year; Singapore economy expected to grow by 2.7% y-o-y in 2Q2024
In other news this week, the World Bank raised its forecast for global growth this year on strong US expansion.
Exclusive: Singapore offers carbon tax rebates for refiners near term, sources say
Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals ...
Crypto Sector Ruffled by Slump in Curve Finance Exchange’s Token
The native token of Curve Finance, one of the cryptocurrency sector’s top decentralized exchanges, has tumbled to an all-time low.
Singapore money launderer gets 17 months in $2.2bn case involving illicit crypto
Smoke weed in Singapore and you could end up with 10 years in prison. Get caught with over 330 grams of cannabis and your corporal punishment might include a caning. But launder US$2.2 billion in ...
Container prices rise in Singapore as demand surges amid shipping, port disruptions
Rising demand and tighter supply sparked by shipping disruptions and port congestion have sent container prices here surging over the past eight months, according to new data. Read more at ...
Economists keep Singapore’s 2024 growth forecast at 2.4% but manufacturing outlook hit: MAS survey
Main drivers of growth shifted from manufacturing and exports to finance and insurance. Read more at straitstimes.com.
Singapore’s 2024 Growth Forecast Unchanged in MAS Survey
SINGAPORE—Experts surveyed by Singapore’s central bank have maintained their economic growth forecast for Singapore this year, though the composition of growth drivers has changed.The Monetary ...
Singapore economy expected to grow by 2.7% y-o-y in 2Q2024
The Singapore economy is expected to grow by 2.7% y-o-y in 2Q2024, according to market watchers polled by the Monetary Authority of Singapore (MAS). The estimate comes after Singapore’s GDP expanded ...
Economists keep 2.4% forecast for Singapore’s growth, but expect less from manufacturing: survey
PRIVATE-SECTOR economists’ forecasts of Singapore’s growth in 2024 were unchanged, at a median of 2.4 per cent, in the latest quarterly survey of professional forecasters published by the Monetary ...
Daily Cuts – Hosting major events: A reliable business strategy for Singapore’s tourism sector?
Joel Chua and Justine Moss speak with Dr Kevin Cheong, Managing Partner, Syntegrate, about whether hosting major events have become a new business strategy for Singapore's tourism sector, and if this ...
Customer refunds, business suspension send Cordlife $11.6m into the red in Q1
In the corresponding quarter the year before, it had recorded a net profit of $1.2 million. Read more at straitstimes.com.
Singapore to demand more information from family offices and hedge funds to better monitor the influx of foreign wealth
SINGAPORE: Singapore authorities are intensifying scrutiny of family offices and hedge funds and closing dormant... The post Singapore to demand more information from family offices and hedge funds to ...
Primorye Maneuvers: Russian Oil Tanker Sanctions Evasion Near Singapore
The saga of the Primorye began when it fell under the crosshairs of the US Treasury's Office of Foreign Assets Control (OFAC) ...