Singapore

Higher taxes loom for the next two years in Singapore

Higher taxes loom for the next two years in Singapore

Goods and Services Tax (GST) will rise by 2 ppt to cover primary deficit which is expected to hit $3.5b.

Macau GDP moderates to 6.1% in Q3

Blame last year’s higher base of comparison.

JTC launches four industrial sites

Two are in the Confirmed List, whilst the two others are on the Reserve List.

Potential JV could arise from ComfortDelGro-Uber alliance

Uber previously merged with a Russian taxi provider to keep both businesses intact.

9 in 10 CIOs say staff are bored for over five hours a week

Half of them think workers don't feel challenged by their job.

Mobile wallets linked to credit cards jumped to 40%

This is despite security concerns amongst non-users.

Asia Pacific tax payment rate still below global average

The region takes the longest to claim a VAT refund.

Condo prices up 0.6% in October

Prices for central properties also rose.

CapitaLand injects $14.4m into Shanghai real estate firm

It will raise the firm's capital from $6.1m to $20.5m.

Singapore loses its lustre as preferred IPO market

But it still beat Hong Kong in the funds that it raised.

Civil servants to receive year-end bonuses of at least $1,800

Around 1,490 lower wage civil servants will benefit from the minimum one-month bonus.

China Aviation Oil profits down 7.7% to $28.82m in Q3

Difficult trading conditions dragged earnings down.

IHH Healthcare profits down 53% to $26.86m in Q3

No thanks to startup losses of its Gleneagles Hong Kong Hospital.

Daily Markets Briefing: STI down 0.17%

Investors are urged to take caution today.

Chart of the Day: Singapore loses to Thailand in number of IPO deals

From 2014 to 2017, 28,142 firms sought listings in Singapore, lower than 38,239 in Thailand.