News
Great Eastern posts 16% increase in net profit in 2021
Great Eastern posts 16% increase in net profit in 2021
This translates to a total net profit of $1.1b.
STI gains 9.8% in 2022 YTD
The index is also recognised as the strongest APAC benchmark in the 2022 YTD.
Gov't extends support package for aviation's digital transformation
The package is likely to include cost relief and salary support measures.
Who are eligible for the $500m Jobs and Business Support Package?
The package consists of the Small Business Recovery Grant and the Jobs Growth Incentive.
How will the property tax hike affect the residential market?
As outlined in the 2022 Budget, property tax will increase in 2024.
Here are the taxes that will increase under the proposed 2022 budget
Most of the tax hikes will be implemented in 2023.
Chart of the Day: Rate of Singapore GST hike over the years
The hike implementation originally scheduled in 2022 was moved to 2023.
Market update: STI up 0.16%
Frasers Logistics & Commercial Trust was seen with the most growth.
Carbon tax hike to leave massive economic impact: banks
Power generation, manufacturing, transport industries will be the most impacted.
Elite Commercial REIT hits 22.3% DPU growth
It has outperformed IPO projections for eight consecutive quarters.
Raffles Medical Group’s H2 2021 net profit declines 7.2% to $44.88m
This is despite a 16.3% increase in its revenue during the same period.
Safran Electronics & Defense Services Asia expands scope of repairs
The move was done in anticipation of traffic recovery in Singapore.
Foreign wholesale trade jumps 48.7% YoY in Q4 2021
Excluding petroleum products, an expansion of 25.2% was reported.
Gov't to increase carbon tax to $25 per tonne in 2024
A transition framework will be set to help companies adjust.
Domestic wholesale trade up 34.9% YoY in Q4 2021
On a QoQ basis, a 3.6% increase was observed.
Singapore recorded a 34.9% year-on-year (YoY) increase in domestic wholesale trades, the Department of Statistics Singapore reported.
MAS extends facility to support bank lending to SMEs
This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.
How will the carbon tax hike help achieve the 2030 green targets?
The carbon tax will be raised to $25 per tonne in 2024.
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