Singapore

Keppel Infrastructure to acquire 49.4% interest in new JV with MET Group

The company will pay an aggregate amount of $42.6m for the acquisition.

3 challenges hampering companies’ finance digital transformation

Leaders say they make decisions based on instincts despite the availability of data.

Chart of the Day: BNPL gains traction in Singapore

Buy Now, Pay Later saw a 109% YoY download growth in H1 2022.

Home sales plunged record-low in October 2022: analyst

Only 312 units were sold whilst 102 units were launched.

Exploring the CRS challenges and future outlook in Singapore

Tax authorities and legislators all over the globe have been actively working to prevent tax evasion and promote global tax transparency for almost a decade now. As core components of the global financial ecosystem, FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) legislation aim to prevent tax evasion by compelling financial institutions to transmit certain information about certain account holders to their country(s) of tax domicile. Ultimately, their objective is to identify and discourage tax evasion by tax residents of countries using offshore banks and other Financial Accounts. 

Singapore underscores resilience but cautious amidst decoupling issues: Wong

The deputy prime minister said they encourage better diversification.

Sembcorp unveils new venture for carbon management solutions

It will offer one-stop access to renewable energy certificates and carbon credits.

ComfortDelGro’s PATMI rises 32.9% YoY to $34.3m

The increase was on the back of higher revenue.

Golden Agri more than doubles its net profit to US$675m in 9M22

This is likely due to its downstream business achieving its largest EBITDA growth.

Gov't supports wage increase, calls for adopting flexible wage system

MOM said that the government supports having differentiated wage guidelines.

Sembcorp Marine's net order book hits $7.11b

This consists of $6.80b of projects under execution.

Schneider Electric  launches $110m Hub Asia

The new warehouse is expected to increase operational capacity by 30%.

HSBC Singapore opens new HQ

The new office will house 4,000 employees.

Around 2.9 million Singaporeans may get up to $200 cash payout

The government raised the Assurance Package by $1.4b.

Ming Arcade is up for sale via public tender

The freehold commercial site is located 50 meters away from Orchard Road.

Rents for modern high spec warehouses expected to rise in 2023

It will be underpinned by industries such as logistics and food.