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Singapore to ease rules to promote startup financing

Singapore is proposing to ease regulations for venture capital managers including shortening their application process in a bid to promote financing for startup development. Under a consultation paper published by the Monetary Authority of Singapore (MAS) on Wednesday, new and existing venture capital managers won’t be subject to the same capital requirements and business conduct […]

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Arrivals hit record high in Singapore

SINGAPORE – Singapore’s international visitor arrivals rose 7.7% last year to a record 16.4 million, helped by more travellers from China, India and Indonesia, but the tourism board forecast a slower pace of growth for 2017. Tourism receipts rose 13.9% to an all-time high of S$24.8 billion, the Singapore Tourism Board (STB) said, based on preliminary […]

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Singapore eyes new drivers of economic growth

SINGAPORE – A key Singapore advisory panel on Thursday proposed a 10-year strategy aimed at ensuring annual economic growth of 2-3%, mainly centred on trade partnerships, deepening the workforce’s tech skills and digitalising the economy. It also recommended a review of Singapore’s tax system so that it remains pro-growth and competitive, while also “broad-based, progressive […]

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Singapore looking to raise water tariffs

THE Singapore government is looking to raise water tariffs as the cost of producing and supplying water rises. This comes as the level of water in Linggiu reservoir in Johor remains low, and Singapore ramps up other sources of water supply through desalination and NEWater plants. “Going forward we are seeing higher costs in producing […]

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