News

Tax talks: 75% of companies worldwide shocked by more aggressive tax audits

Tax talks: 75% of companies worldwide shocked by more aggressive tax audits

Better beware as 97% of tax administrators say they will increase focus to scrutinize tax transactions in the next three years.

M1 vows to fight $300,000 IDA fine

The Telco says IDA got its facts wrong and refutes the IDA's findings.

ComfortDelGro profit up 12.5% to $69.1m

Its 3Q $877m revenue would have been stronger had it not been for the negative translation effect of the weaker Sterling Pound, Renminbi, and Dong.

Commercial investment sales plummet 53.1% to S$848.3m in 3Q11

The sector accounted for 18.8% of total investment sales in the quarter.

Tiger Airways slammed by $50m loss

Being grounded down under was a major blow for the struggling upstart.

Junkets could be approved in Singapore soon: RWS management

Latest feedback from Singapore government leaves RWS management hopeful of obtaining junkets licensing sooner rather than later.

Singapore women aged 18-25 prefer blog shopping

According to a release, Friday night saw the first blogshop fashion show ever staged in Singapore. Hosted by LiveJournal.sg, the event attracted over 200 guests including top bloggers and blogshop owners as well as local celebrities, online business executives and the media. Blogshops that showcased clothes and accessories in the fashion show inside the nightspot Butter Factory included DressaBelle, My Glamour Place, Momoteapot, Wonderstellar, FashPash, and Rashonal.

Wow! Singapore casino market now worth $5.8b a year

But Resorts World Singapore is losing out rapidly to Marina Bay Sands.

Non-oil domestic exports may drop 6.8% in October

It seems like the economic outlook for the fourth quarter won’t be pretty.

Singapore’s retail sales may hit 5.6% in September

Standard Chartered expects retail sales to have remained strong as credit-card spending was up 10.3%.

SBS Transit profit down 16.4% to $10.7m

SBS Transit profit down 16.4% to $10.7m

Residential investment sales plunge 50.4% to S$2.20b in 3Q11

However, this sector still accounted for the highest share of 48.6% in total investment sales.

Golden Agri-Resources profit up 11% to US$110m in the third quarter

GAR profit for the first nine months more than doubled to US$520m, thanks to the recovery of palm products output.

Will Japan’s upcoming casinos hurt the Singapore gaming market?

Japan could potentially legalize casinos by end-2012, says DMG OSK.

Who’s not paying their debts at Resorts World Singapore?

The last three months had a massive blowout in provisions for doubtful debts which soared to $57m as VIP gamblers keep out of their bills - that's a fact.

Sharp loss at hotel group Banyan Tree as chief blames Thai floods, bad economy

3,000 cancelled room nights by October for Thailand, booyah!

Raffles Education’s profit jumps 13% to S$16.9m in 1Q12

The group recorded a net gain of S$15.9m from the 50% sale of its wholly-owned subsidiary, Value Vantage.