Singapore
Global minimum tax and its potential impact on business planning for MNCs in Singapore
Global minimum tax and its potential impact on business planning for MNCs in Singapore
Singapore is a well-known magnet for global hubs, alongside Hong Kong, Ireland and Switzerland, with many multinational companies (MNCs) choosing Singapore as their base for the region.
International expansion on the backburner for 60% of SMEs
Six in five expect pandemic measures to worsen in the next 12 months.
DBS posts record S$6.8b net profits in 2021
Loan growth was at its highest in seven years.
Olam to divest remaining stakes in ARISE IIP, ARISE IS for $254.55m
This leaves the company with only a 32.4% stake in the ARISE group.
SIA Engineering forms component services division
The new division aimed to help with maintenance, repair, and overhaul.
Court moves MNACT’s trust application scheme hearing on 21 February
It was originally scheduled for 18 February.
ST Engineering forms consortium to use unmanned aircraft for deliveries
Included in the consortium are Sumitomo Corporation and Skyports.
Starhub net profit up 17% YoY to $148.3m for FY2021
Performance for the same period also exceeded the Group’s expectations.
DBS commits add'l $100m to its foundation
The funds will mainly go to improving the livelihood affected by the pandemic.
Thomson Medical Group achieves 1H22 PATMI of $12.5m
This is a 54% rise from the same period last year.
ExxonMobil chosen as supplier of sustainable fuel for Singapore aviation
This marks the pilot on the use of SAF, particularly used oil and waste animal fats, in Singapore.
Budget 2022 unlikely to deviate from last year: OCBC
The total expenditure in 2021 was estimated at $102.3b or 20.2% of GDP.
Market update: STI down 0.19%
DBS was seen with the most growth.
Lendlease acquires additional plot within TRX
This is the second joint-venture agreement between Lendlease and TRX City Sdn Bhd.
SG to host Asia-first XM innovation hub
SAP, Qualtrics, and the EDB commit $14m for experience management (XM) innovations.
Jefferies sees QoQ bottom line decline for UBS, OCBC, and DBS in 4Q21
Among the reasons for the decline is the weaker non-intertest income of banks.
FLCT overseas vacancy rates remain tight in Q1 2022
Logistics properties in the UK, Europe, and AU remain at 100% occupancy.
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