SINGAPORE (BLOOMBERG) – Singapore’s Senior Minister of State for Law and Finance Indranee Rajah said the government is looking at widening levies on e-commerce to broaden its tax base. In an interview with Bloomberg on Tuesday (Nov 21), Ms Indranee named e-commerce as one area that would allow Singapore to further diversify its tax base. […]
Read MoreSINGAPORE: Singaporean Prime Minister Lee Hsien Loong says his country is expected to exceed expectations this year by recording economic growth above 3%. Addressing his People’s Action Party’s 2017 convention on Sunday, Lee said Singapore was benefiting from an improved world economy, but would have to press on with plans to restructure and upgrade the economy to […]
Read MoreSINGAPORE’S exports staged a strong comeback in October, surging 20.9 per cent from the same month a year earlier as a strengthening global outlook continued to boost trading activity. The rise in non-oil domestic exports (NODX) blew past economist estimates of a 10 per cent expansion according to a Reuters poll of 11 analysts. It […]
Read MoreSINGAPORE, Nov 17: Singapore has suspended trade relations with North Korea, the latest of Pyongyang’s major trade partners to cut commercial ties under toughening UN sanctions over its weapons programme, a customs notice obtained on Thursday (Nov 16) showed. The move comes about two months after the United States imposed North Korea-related sanctions on a number of […]
Read MoreSINGAPORE – The Ministry of Trade and Industry (MTI) will release the third quarter 2017 economic survey of Singapore on Nov 23 at 8am. The report will give the final growth figures for the economy for the July to September quarter, including detailed information on sectoral performance, sources of growth, inflation, employment and productivity. Advance […]
Read MoreSINGAPORE plans to work with partners in Hong Kong and Canada in developing the use of blockchain technology, the Monetary Authority of Singapore (MAS) announced on Tuesday. The MAS will set up a cross-border platform with the Hong Kong Monetary Authority to boost trade finance using distributed ledger technology. This will enable the seamless transfer […]
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