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Singapore mulls higher taxes, effective spending

SINGAPORE: Singapore’s budget will likely be challenging for a number of years as officials look to balance fiscal sustainability with generous aid amid a long recovery, and signalled that higher taxes may be on the line. Operating revenues this financial year will probably be 16% lower than the government estimated in February, Deputy Prime Minister […]

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Singapore: Leasing volume for multiple-user factory spaces down 34.4% in July, Aug: report

LEASING volume for multiple-user factory spaces in Singapore dropped 34.4 per cent on the year to 1,577 transactions in July and August, amounting to S$5.7 million, Knight Frank said on Tuesday. This comes as strong challenges faced during the Singapore “circuit breaker” period and economic uncertainties continue to subdue substantial movements in the leasing market, […]

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Singapore digital trade documentation framework to combine with global Swift network

GLOBAL financial messaging network Swift and Singapore’s Infocomm Media Development Authority (IMDA) have partnered to accelerate trade digitalisation around the world. They will combine Singapore’s TradeTrust – an interoperability framework that connects platforms to exchange digital trade documentation – with the Swift community, under a memorandum of intent (MOI) signed on Monday. The goal is […]

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