GRAB and Uber must pay more than S$13 million in fines for their merger because the deal “removed Grab’s closest rival to the detriment of Singapore drivers and riders”, Singapore’s competition watchdog said on Monday. Uber’s share of the fine is S$6.58 million and Grab’s is S$6.42 million, according to a statement by the Competition and […]
Read MoreMANILA, Philippines — Singapore-based startup Shopback is aiming to increase the number of users and total spend for the cashback reward provided to shoppers this year as it takes advantage of opportunities in the fast growing e-commerce market in the Philippines. Shopback Philippines country manager Prashant Kala said the startup is aiming to see […]
Read MoreTEMPO.CO, Jakarta – Singapore’s new investment in Indonesia reached US$5.04 billion or rose 38 percent in the first half of the year compared with the same period last year. In the whole of 2017, Singapore’s new investment was valued at US$8.44 billion in the country, Industry Minister Airlangga Hartarto said on Sunday. Meanwhile, Indonesia’s exports of non-oil/gas commodities to Singapore were valued at US$9 billion making that neighboring country the fifth largest destination of Indonesia’s exports of commodities other than oil and […]
Read MoreTHE open electricity market will be extended to all consumers in Singapore, zone by zone, starting from Nov 1, the Energy Market Authority (EMA) announced on Friday. In this final phase of electricity market liberalisation, some 1.3 million household accounts and 67,000 business accounts will have the option of buying electricity from any of 12 […]
Read MoreBEGUN, the trade war has. And the wall of tariffs dividing the US and China could stretch well beyond 2019, pundits say, making bargain hunting in affected Singapore stocks a difficult proposition. Credit Suisse’s private banking research head for South-east Asia Kum Soek Ching told The Business Times: “Anyone going into the Singapore market now […]
Read MoreELIGIBLE holders of Thai international passports will be able to opt into the frequent traveller programme from Monday, Sept 24, onwards, the Immigration and Checkpoints Authority (ICA) said on Thursday. Thai passport holders who are part of the programme will be able to use the automated immigration clearance facilities at Singapore’s checkpoints. Currently, eligible holders […]
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