News
SG companies to adjust finances amidst 1% GST increase
SG companies to adjust finances amidst 1% GST increase
Singapore's Minister of Finance announced that the GST rate will be increased from 7% to 8% from January 1, 2023 and then from 8% to 9% from January 1, 2024.
Yangzijiang Financial to invest $1b outside China over next 5 years
The company plans to increase its investments outside China over the next five years to 50%.
50 Playfair Road sold for $81.8m
The property was hotly contested by end-users, investors and developers.
Elite REIT names new CFO
He will succeed Joel Cheah Zhuo Yue who resigned as CFO to pursue other opportunities.
MAS unveils responses for proposed regulation of DPT service providers
Regulations are expected to take effect in phases beginning mid-2024.
Singapore is 3rd in Asia with most unicorn startups: study
Singapore unicorn companies have an average valuation of $5.93b.
Gov't to require statutory boards to publish yearly sustainability disclosures
Nearly 100% of eligible SGX-listed firms disclosed climate reports.
3 in 10 S’poreans choose to travel solo: survey
Jetstar also revealed that most S’poreans prefer to travel in groups.
ThaiBev revenue up 2.5%, net profit slipped 10.9% in 2023
Sales in spirits and beer also saw a decline.
Mastercard, NTU launches new masters program on cybersecurity
The program is tailored for professionals seeking a spot in the cybersecurity space.
Everest builds Asia team with new S’pore CEO and a head of insurance
Swee Keong Mah will be the Singapore branch’s new CEO and will report to Tomi Latva-Kiskola, who has been appointed as head of Insurance Asia.
Chia-Tern Huey Min named next ACRA chief executive
She is currently a deputy commissioner for the Inland Revenue Authority of Singapore (IRAS).
Third Avenue Good Class Bungalow sold for $26.5m
The property spans 14,576 sq ft with a total gfa of approximately 10,000 sq ft.
Singapore remains the 12th most expensive retail destination globally
Hong Kong is the most expensive retail destination in Asia Pacific.
MAS releases commemorative Lee Kuan Yew coins for walk-in exchange
Over 142 banks will be available for walk-in exchange.
Hyundai launches new smart urban mobility hub
This will facilitate Hyundai’s aim to advance the production of EVs.
IHH unit to undergo liquidation due to dormancy
The liquidation will not affect IHH’s shareholdings, net assets, and operations.
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