WORKERS working from home can claim deduction against employment income for charges such as electricity and telecommunication expenses not reimbursed by employers. An Inland Revenue Authority of Singapore (Iras) spokesperson told The Business Times: “Tax deduction against employment income is allowable for expenses incurred wholly and exclusively in the production of employment income. “ To […]
Read MoreSINGAPORE saw a record jump in deposits in April as investors rushed to park funds here given its status as a safe haven amidst global market volatility, said analysts. The circuit-breaker measures have also resulted in excess liquidity as residents stay indoors with most shops shut, even as they become more cautious about spending. Deposits […]
Read MoreTHE Building and Construction Authority (BCA) has approved all applications for residential renovation projects previously suspended due to the Covid-19 “circuit breaker”, it said on Wednesday. This means that more than 5,400 such projects can now proceed to resume work. BCA said all new applications to resume residential renovation works will be approved within two days, […]
Read MoreSINGAPORE – Local banks have cut their interest rates on savings accounts amid the coronavirus outbreak this year, with OCBC Bank being the first to announce another reduction since May. OCBC said on its website on Monday (June 1) that it will reduce the salary credit bonus interest for customers on the OCBC 360 savings account from […]
Read More[SINGAPORE] Singapore will have to find ways to rely less on foreign workers and accelerate automation of some tasks in its post-pandemic economy, Second Minister for Finance Indranee Rajah told reporters Monday. “It should be less and less repetitive manual operation and those should be replaced by automation, and the local population can do more […]
Read MoreCONSUMER loans in Singapore continued to dive in April, with credit card loans clocking their steepest fall as the Republic’s “circuit breaker” took effect on April 7, keeping people at home and most retail outlets shut. Credit card loans fell 9 per cent to S$9.65 billion from March – the biggest decline on record. This […]
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Thailand
