Economy

New WMI programme seeks to protect family offices vs financial crime

It will also impose compliance requirements and standards for taxes.

Employment growth moderates in 2Q23

The contraction in residential employment drove the slowdown.

AWAK raises $27.1m Series B funding

This is the year’s most substantial MedTech fundraising event in the region.

Temasek Holdings, 2 SG universities to invest $75m for deep tech ventures

The three organisations inked a deal to speed up the commercialisation of deep tech ventures.

Local artisans initiative reaches over 150 homegrown brands

The third phase targets to expand their reach internationally.

PM Lee Hsien Loong yearns for G20 nations to improve WTO, MDBs

Updating will keep up with the digital transformation and modern economy.

Singapore could be affected by increasing rice prices

The El Nino and India’s non-basmati rice ban contributed to the price increase.

Tax revenue up 13.1% YoY in FY22/23

The government collected $68.6b in tax revenue for the period.

Over $4b in grants distributed to businesses, workers: IRAS

More than 120,000 enterprises received grants from the agency.

Singapore proposes new standard for businesses to disclose intangible assets

It encourages enterprises to report beyond the regular accounting standards.

ASEAN launches negotiations on digital economy framework agreement

The framework aims to facilitate more seamless cross-border digital trade.

‘Partnerships’ key in Singapore’s industrialisation drive: DPM Wong

Wong hopes international firms see Singapore as a “home away from home.”

SG elects economist Tharman Shanmugaratnam

The President-elect vowed to make SG a "partner of choice internationally."