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Tag: tax

Posted on 12/09/2023

GlobalFoundries opens US$4 billion expanded fabrication plant in Singapore

THE global demand for chips may have softened recently, but it is likely to rebound and continue its growth trajectory in the long-term with the growth of artificial intelligence and 5G technology, ...

Posted on 12/09/2023

Opportunities abound for Singapore firms in Africa as countries urbanise and go digital, but challenges remain

Trade between Singapore and Africa grew 15 per cent each year between 2019 and 2022, with Singapore companies investing over S$32 billion (US$23.5 billion) in the continent as of 2021.

Posted on 12/09/2023

Singapore remains vibrant, competitive semiconductor hub despite challenges: DPM Wong

DPM was speaking at the opening of chip giant GlobalFoundries' expanded Singapore plant. Read more at straitstimes.com.

Posted on 12/09/2023

Singapore a consistent and reliable partner: Halimah Yacob on a key message when travelling as President

"There is a lot of respect for Singapore, for our governance, for our efficiency, for our clean government,” says the outgoing President.

Posted on 12/09/2023

TOKEN2049 Singapore sets record-breaking attendee and sponsor numbers amid all-star speaker lineup

TOKEN2049, Asia’s premier Web3 and crypto conference, confirms a record-breaking 10,000 attendees and over 300 exhibitors ahead of its upcoming Singapore edition, with over 400 side events taking plac ...

Posted on 12/09/2023

Singapore eyes importing agri-goods; talks to begin next week

According to the General Department of Customs and Excise, trade between the two countries saw significant changes this year. Exports from Cambodia to Singapore reached over $476 million in the first ...

Posted on 12/09/2023

Marcos to visit Singapore for Asian Summit, F1 race

President Ferdinand Marcos Jr. will travel to Singapore this week where he is set to attend a meeting with economic managers and business leaders at the 10th Asian Conference on September 13.

Posted on 11/09/2023

Facebook Co-Founder Who Fell Out With Mark Zuckerberg Is Now Singapore’s Richest Person

Eduardo Saverin, co-founder of Meta Platforms Inc (NASDAQ:META), formerly Facebook, is now Singapore’s wealthiest resident ... Darcy Donavan — Crypto Queen & Web3's Hollywood Ambassador Saverin is not ...

Posted on 11/09/2023

Power export to Singapore won’t affect effort to ensure full electricity coverage in Sarawak, says state utility minister

The export of electricity to Singapore will not affect the ongoing effort to ensure full electricity coverage in Sarawak, said Minister of Utility ...

Posted on 11/09/2023

New S$500,000 funding for Singapore’s only student-led venture fund training programme

The launch took place at the opening ceremony of the biennial Lee Kuan Yew Global Business Plan Competition. Organised by the Institute of Innovation and Entrepreneurship at Singapore Management ...

Posted on 11/09/2023

Singapore’s EMA awards conditional license to Gurin-Gentari JV to import electricity from Indonesia

The project is expected to start in 2027. The Energy Market Authority has awarded a Letter of Conditional Approval to Vanda RE, the joint venture between Gurin Energy and Gentari International ...

Posted on 11/09/2023

Can Singapore hold on to its reputation as Asia’s ‘safe haven’?

Singapore has for decades prospered in no small measure due to its reputation as the “Switzerland of the east” — a safe and neutral haven for business in an at-times intractable part of the world.

Posted on 11/09/2023

Australian billionaire Cannon-Brookes moves closer to exporting solar power to Singapore via undersea cable in S$17.3b project

Grok Ventures said that a solar farm in Australia’s Northern Territory, which will most likely be the biggest in the world, would ship at least 900 megawatts of electricity supply to local industry ...

Posted on 11/09/2023

Singapore to start imports of renewable energy from Indonesia within 5 years

The EMA has granted conditional approval to five projects for the import of 2GW of low-carbon electricity each year. Read more at straitstimes.com.

Posted on 09/09/2023

Tax revenue gets bumper rise of 13.1% to $68.6b amid post-pandemic economic recovery

GST revenue made up the third-largest share of Iras’ revenue collection, at 20.5 per cent. Read more at straitstimes.com.

Posted on 08/09/2023

Singapore plan to import Indonesia clean energy advancing as region develops renewables ‘faster and bigger than people realise’

Singapore currently generates 95 per cent of its electricity from natural gas, but lack of space limits the building of solar and wind farms.

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