RECENTLY announced tweaks to the tax incentive scheme for single family offices (SFOs) are a good nudge for greater investments in Singapore, industry watchers said, but may do little for the bulk of ...
China’s Drop in Exports Signals Deepening Slowdown in Global Trade
Chinese exports fell at their steepest annual pace in June since the early days of the pandemic in February 2020, and it isn’t the only Asian economy reporting sinking overseas sales.
With Backing From Billionaire Kwee Liong Tek, This Singapore Startup Is Bringing Crypto Payments To Luxury Hotels
Dtcpay last month raised $16.5 million in a pre-Series A round led by Kwee, the chairman of Pontiac Land. The investment will see some of Pontiac Land’s hotels soon accept payments in crypto.
China’s coal imports rise in June as heatwave boosts demand
SINGAPORE: China’s coal imports edged higher in June after dipping over the prior two months, customs data showed ...
Singapore Is Being Too Picky About Its Billionaires
For family offices to forge deeper connections with the city-state, tax breaks and investment mandates won’t cut it.
Singapore stocks extend gains ahead of US inflation report; STI up 0.4%
Local shares racked up a third consecutive day of gains on Wednesday following a solid session on Wall Street overnight. Read more at straitstimes.com.
Rental Income Tax Singapore: How to Calculate and Pay (2023)
Rental income tax in Singapore is accrued when you collect a monthly payment from the properties you rent out. While renting out secondary properties is not a job or form of employment, it is still ...
Ringgit hits record low against Singapore dollar, dropped to a seven-year low against the British pound
The ringgit hit a historic low versus the Singapore dollar on Wednesday (12 Jul), falling to 3.4783. It surpassed the previous record of 3.4717 on 22 June. Meanwhile, the ringgit gained against the US ...
Cambodia, Singapore roll out SME-support fintech plan
Cambodia and Singapore have launched a Financial Transparency Corridor (FTC) initiative intended to provide the necessary digital infrastructure for cross-border financial services and trade between ...
Singapore’s Temasek is ‘not comfortable’ investing in crypto firms: here’s why
Temasek CEO Rohit Sipahimalani is reluctant in investing in crypto firms due to regulatory uncertainty. Find out more.
After $275M FTX Loss, Temasek to Avoid Crypto Citing Regulatory Uncertainty
Temasek Holdings, a sovereign investment fund of Singapore, said it has no plans to invest in the crypto market, citing the ongoing regulatory headwinds in the sector. In particular, Temasek’s chief ...
Asian Development Bank, Singapore’s Energy Market Authority partner to promote clean energy
The Asian Development Bank (ADB) and the Energy Market Authority (EMA) of Singapore have signed a memorandum of understanding (MoU) that paves the way ...
Singapore stocks advance with focus on key US inflation data; STI up 0.5%
SINGAPORE - Local shares finished higher for the second straight day on Tuesday, buoyed by China’s efforts to prop up its ailing property sector, and ahead of key US inflation data. Read more at ...
Singapore’s Razer Investigates Data Breach After $100k Database Offered for Sale in Crypto
Singapore gaming firm Razer is investigating a possible data breach after a hacker offered stolen data from the firm for $100,000 in crypto.
Strong Singapore dollar sees central bank incur record S$30.8 billion net loss
Singapore’s central bank incurred a record net loss of S$30.8 billion (US$22.8 billion) in its last financial year because of the strength of the local dollar. The loss arose from a combination of ...
Expanding Your Business Internationally: Why Singapore Should Be Your Next Destination
Expanding your business internationally can be a transformative decision, opening up new markets and growth opportunities. When considering your next ...