THE chatter on wealth taxes has been increasing in intensity over the past year. The reason propounded for an implementation is to promote an inclusive society by finding additional sources of government revenue to fund various altruistic schemes. The shift away from taxing income to that of wealth is perhaps a way, but not the […]
Read MoreSINGAPORE plans to set up pilot programmes next month to allow vaccinated business travellers from some countries to enter on carefully controlled itineraries as it takes steps to reopen its borders. Singapore is in talks with Germany, Australia, Canada and South Korea to be the first batch of countries for such arrangements, though it is […]
Read MoreSINGAPORE: Singapore’s non-oil domestic exports (NODX) rose 12.7 per cent in July, marking a fourth straight month of growth. Growth was mainly due to non-electronics, though electronic exports also rose, according to data released by Enterprise Singapore (ESG) on Tuesday (Aug 17). On a month-on-month seasonally adjusted basis, NODX decreased by 0.9 per cent in July, […]
Read MoreSINGAPORE – Singapore’s non-oil domestic exports (Nodx) rose last month at a better than expected pace, aided by electronic and non-electronic shipments such as specialised machinery, pharmaceuticals and petrochemicals. Nodx expanded 12.7 per cent last month from a year ago, after a 15.9 per cent surge in June. This extends the positive growth trend seen […]
Read MoreREAL estate developers in Singapore moved 1,589 private homes in July this year, an 82.2 per cent surge from the 872 units sold in the previous month. These figures – which exclude executive condominium (EC) units – were released by the Urban Redevelopment Authority (URA) on Monday, based on its survey of licensed housing developers. […]
Read MoreSINGAPORE – Personal debt among young adults here has been rising during the Covid-19 pandemic, and the situation could worsen once interest rates start to rise. Credit Bureau Singapore data showed that while credit card borrowing showed no significant variation, people in their 20s have been taking on increasing amounts of other debt since the […]
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