Search Results for: Singapore
Singapore Turns to Service as Global Economy Weakens
February 17th, 2015
Singapore is counting on its position as an Asian financial hub to bolster services exports as overseas demand for its goods falters amid an uneven global recovery. The growing importance of services has prompted the government to release quarterly ...
Singapore’s Stock Exchange Looks to Make Trading More Attractive for Individuals
December 31st, 2014
Singapore Exchange Ltd. (SGX) is looking to individual investors to boost Southeast Asia’s biggest stock market after trading volume this year tumbled the most since the 2008 global financial crisis. The bourse will cut the standard lot size for ...
Singapore Returns Up to $9 Billion to Banks in Rate Probe
November 7th, 2014
Singapore’s central bank gave back as much as S$12 billion ($9.3 billion) that it took from 19 lenders last year as a penalty for trying to manipulate benchmark interest rates. The banks have taken steps to prevent a recurrence ...
London tech startups attract $200m Singapore venture capital fund Infocomm
October 21st, 2014
Singapore venture capital fund Infocomm is setting up shop in the capital, bringing its $200m (£124m) fund to startups in London and the rest of Europe for the first time. The move was spurred by the momentum in the ...
IMF: Singapore may decline its competitiveness
October 20th, 2014
Singapore’s plans to cut reliance on foreign workers could reduce its competitiveness and growth potential while keeping core inflation elevated, the International Monetary Fund said in a report on Saturday. The IMF said Singapore’s plans to restructure its economy ...
Singapore Issues Modified Research E-Tax Guide
August 26th, 2014
Following the changes announced in February’s 2014 Budget, the Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide on Singapore’s research and development (R&D) tax deductions. IRAS’ e-Tax Guide also clarifies the existing definition of R&D ...
Singapore Dollar’s Losses to Ringgit Seen Widening: Asean Credit
August 19th, 2014
The diverging economic fortunes of two Southeast Asian neighbors are prompting PineBridge Investments to favor Malaysia’s ringgit over Singapore’s dollar. The ringgit has gained 4% to 2.53 per Singapore dollar since reaching a 16-year low of 2.63 in February, ...
Singapore GDP Unexpectedly Expands as Outlook Improves
August 12th, 2014
Singapore’s economy unexpectedly expanded last quarter as manufacturing declined less than initially estimated amid recoveries in advanced countries. Gross domestic product rose an annualized 0.1% in the three months through June from the previous quarter, when it climbed a ...
ayondo Opens Office in Singapore
July 11th, 2014
The ayondo group announced that it has opened an office in Singapore, the ayondo Asia PTE Ltd, following its strategist expansion worldwide. The holding company, which operated as an investment group under the name Next Generation Finance until April ...
Seychelles, Singapore Sign Double Tax Pact
July 11th, 2014
On July 9, 2014, Singapore and Seychelles signed a double taxation agreement (DTA), which cuts withholding taxes and incorporates the internationally-agreed standard for the exchange of information for tax purposes. The signing ceremony took place in New York between ...
