SINGAPORE – Marine fuel sales in Singapore hit a two-month high in January as more vessels called at the world’s largest hub, taking advantage of lower prices. Sales rose to 4.38 million tonnes, an increase of around 4 per cent compared with the previous month, according to data released by the Maritime and Port Authority […]
Read MoreFor expatriates from East Asia looking for a place to live, Singapore was their top choice in 2022. In Thailand, Bangkok maintained its attractiveness, ranked 115th globally, while Chiang Mai climbed to 116th, according to a recent survey. Findings from the “Location Ratings” survey by ECA International revealed Singapore remained the most desirable location for […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted for the fourth consecutive month in January, bogged down by declines in both electronics and non-electronics, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Feb 17). The month’s NODX tumbled 25 per cent from a high year-ago base, deepening from December 2022’s 20.6 per cent decline on the year. NODX in […]
Read MoreFrom today (Feb. 14) onwards, Singapore will implement a 15 per cent increase in excise duty across all tobacco products. Excise duty is duty levied on goods manufactured in, or imported into, Singapore, according to the Singapore Customs website. This will discourage the consumption of tobacco products, Finance Minister and Deputy Prime Minister Lawrence Wong announced […]
Read MoreSINGAPORE – A global minimum effective tax rate of 15 per cent will be introduced for large Singapore multinational enterprises (MNEs) in 2025, amid a broader international move to ensure a more transparent tax environment. Singapore will also implement a domestic top-up tax that will raise large MNE groups’ effective tax rate here to 15 […]
Read More(Bloomberg) — Singapore’s budget on Tuesday is expected to emphasize a return to pre-pandemic fiscal conservatism, without undermining support to the most vulnerable from rising costs of rent, transport and food. As the city-state stares down persistent inflation and a bleak global growth outlook, the government will likely prioritize measures to blunt the impact of […]
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