The extension of the 10% final withholding tax rate is expected to encourage broader investor participation in S-REIT ETFs. The Singapore government has extended the income tax exemption on ...
S’pore’s Budget surplus derived from COE premiums, personal income tax & state investment returns
NIRC represents as much as half of the net investment income and up to half of the long term expected real returns of Temasek, GIC and the Monetary Authority of Singapore. Personal income tax ...
Man to be charged over receiving scam proceeds and converting them into crypto
The man received more than $44,000 across seven transactions in the same bank accounts, which he then converted into Bitcoin or BTC, the world’s largest cryptocurrency. He then also transferred the ...
Nearly 10 years’ jail for woman who committed cheating linked to over $5.7m of mostly crypto funds
Ho Kai Xin used her ill-gotten gains to live a lavish lifestyle, including placing a down payment for a penthouse. Read more at straitstimes.com.
Genting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in the corresponding year-ago period. Read more at The Business ...
Singapore banks guarded by tax relief and financing amid economic pressures
SINGAPORE: In his Budget 2025 address on February 18, Singapore’s Prime Minister, Lawrence Wong, unveiled a series of measures aimed at supporting local busin ...
Robinhood To Introduce Cryptocurrency Services In Singapore By 2025
Robinhood is set to enter the Singaporean cryptocurrency market in 2025, marking a significant expansion of its services beyond traditional stock ...
Singapore’s Abaxx Exchange plans gold futures as precious metal surges
Not all attempts to launch precious-metals products have been successful. Singapore Exchange – which runs the local stock exchange, and also offers futures for commodities including iron ore – started ...
Singapore biotech tycoon Huang Zhenhua has assets frozen over $1.1 billion suit by pharma giant
Wegovy maker Novo Nordisk is accusing Mr Huang and his firm of fraudulent claims over a hypertension drug. Read more at straitstimes.com.
Grab shares rise after Singapore announces 50% corporate income tax rebate in Budget 2025
SINGAPORE: Shares of Grab Holdings Limited traded higher on Tuesday (Feb 20) after a 50 per cent corporate income tax rebate for Singapore companies in the 2025 ...
Will President Trump propel the crypto industry to new heights or new lows?
US President Donald Trump’s evolving stance on cryptocurrencies — from scepticism in his first term to a pro-innovation approach in his second — has sparked significant debate about the future of the crypto industry.
Efforts to draw businesses to Johor-Singapore Special Economic Zone being stepped up
Efforts to ease business entry into the Johor-Singapore Special Economic Zone are ramping up, driven by both public and private sectors. Authorities are also actively addressing concerns raised by ...
Robinhood tips Singapore launch, touts memecoin interest: Report
Robinhood plans to launch cryptocurrency trading products in Singapore through its Bitstamp subsidiary, Bloomberg reported on Feb. 18. The online brokerage has not yet set a launch date but aims to start rolling out services by late 2025,
SingPost 3QFY2025 operating profit down 23.8% y-o-y; domestic business back in an operating loss
In its 3QFY2025 business update, SingPost says that overall delivery volumes in the Singapore postal and logistics business grew by 3.4%, as letter mail volume growth offset lower ecommerce volumes ...
Singapore’s business support measures to sustain banks’ asset quality
Wealth management income will benefit from stock exchange-related incentives. Singapore’s commitment to aiding companies— via tax incentives, rebates, and more financing options— will help local banks ...
Budget 2025 will ease business costs but challenges remain, say firms and trade associations
Firms and business associations that CNA spoke to largely welcomed measures to cushion rising costs, but also raised concerns about how the effects may be limited in some instances.