• CEA slaps property agency with $7,500 fine

    Square Yards Singapore has been fined $7,500 by the CEA for failing to provide an investor with a written advisory on the risks involved in buying foreign properties...

  • Are you compensated fairly in land acquisition?

    If your property were to be acquired by the government, how much compensation would you be entitled to? The recent spate of compulsory land acquisitions to make way for the Kuala Lumpur-Singapore High Speed Rail (HSR), North-South Expressway and new MRT lines might raise questions on matters pertaining to compensation. …

  • MAS urges business trusts to adopt new financial reporting framework

    The Monetary Authority of Singapore (MAS) announced today that registered business trusts will adopt a new Singapore financial reporting framework that is identical to the International Financial Reporting Standards (IFRS), while authorised collective investment schemes will continue to prepare financial statements using …

  • Singapore to benefit from Hong Kong tax hike

    Singapore may benefit from Hong Kong’s recent increase in stamp duty for overseas property buyers, media reports said. Hong Kong raised its stamp duty for overseas buyers to 30 percent...

  • SIA backs two-stop flights as Manchester gets A350 boost

    Singapore Airlines Ltd. deepened its commitment to two-stop flights after deploying the world’s newest wide-body jet on services that call in at Manchester, northern England, en route to Houston, Texas. The Asian carrier this week upgraded the flight, which it operates under so-called fifth-freedom rights, to Airbus Group …

  • TA Corp bets on the region The Edge Property
    TA Corp bets on the region

    Singapore-listed property developer and construction group TA Corp had its origins as a building contractor. The company was started 40 years ago by Lion Tiong Kui, the father of group CEO Neo Tiam Boon. At the time, the company was named Liong Kiam Teck, after the current executive chairman and Neo’s eldest brother.

  • SGX net profit up 5.5% to 88.3m in Q2 Singapore Business Review
    SGX net profit up 5.5% to 88.3m in Q2

    Higher market levels of market activities are recorded in the past year. Singapore Exchange (SGX) today reported net profit of $88.3m for 2Q FY2017, an increase of 5% from a year earlier, with revenue rising 3% to $199.6m and expenses unchanged at $97.2m. Earnings per share was 8.2 cents and the Board of directors has …

  • Daily Briefing: Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC; Hong Kong housing curbs may give Singapore property some relief

    Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were convicted of cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng and ex-Deutsche Bank trader Toh Hway Khuan pleaded guilty in separate hearings in Singapore’s High Court on Wednesday. Singapore’s three-year decline …

  • Philippine President Rodrigo Duterte is promising 8 trillion pesos ($160 billion) of spending over his six-year term, while Thailand’s military-led government plans to list an infrastructure fund on the stock exchange in March. Indonesia has set aside almost 10 percent more to spend on projects this year and Malaysia is …

  • 4 Services That Singaporeans are Willing to Pay For to Make Their Chinese New Year Less Painful

    Unmarried folks in Singapore had better collect as many ang baos as they can this Chinese New Year, because you’re going to need as much cash as you can get your hands on to offset the hiked up prices of Mandarin oranges and bak kwa. Turns out the festival is creating demand for a bunch of goods and services targeted at …

  • 13 Awesome Online Shopping Sites That Offer Free Shipping to Singapore

    Just because the Orchard Road malls are getting no love from Singaporeans doesn’t mean there are fewer shopaholics around. People often sneakily check online shopping sites at work, or browse them on their smartphones on the way to work. Unfortunately, with the Singapore dollar set to weaken further this year, shopping …

  • Park Hotel Group launches new hotel brand Destination

    Park Hotel Group has inked a new management contract with FG Property No 1, a subsidiary of Master Contract Services, to operate its sixth hotel in Singapore. The 300-room hotel, located on 700 Beach Road, is owned by Master Contract Services and is currently managed by Premier Inn. Park Hotel Group will take over the …

  • Here's what buoyed Singapore's NODX in December

    Singapore exports delivered a strong growth yet again in December, up 9.4% YoY after the stunning 11.5% surge in the previous month. According to DBS, a low base and a weaker Singapore dollar that month contributed partially to the good showing. "In fact, NODX to China was up by a whopping 33.5% on-year, partly on account …

  • Singapore amongst the most expensive cities to relocate to

    If the Movinga's 2017 Relocation Price Index is anything to go by, then Singapore is becoming more and more costly for expats and foreign workers. According to the index, the basic living cost in Singapore is around $ 2,148.45, making it the 8th most expensive city globally. The index noted that the average rent for a …

  • Desmond Sim, head of research for Singapore and Southeast Asia at CBRE Ltd., said Singapore house prices are approaching their trough, with a forecast price move of flat to minus 2 percent. Savills Plc forecasts Singapore prices will rise 1 percent on average this year.

  • HDB chief receives international honour

    HDB CEO, Dr Cheong Koon Hean, has emerged as the most recent recipient of the Urban Land Institute (ULI) J.C. Nichols Prize for Visionaries in Urban Development...

  • Investing in Japanese Listings on the SGX

    The portfolio of any serious investor in Asia is not complete without some Singapore stock holdings. Over the past one year, the benchmark index of […]

  • Beginner’s guide to investing in stocks in Singapore: everything you need to know

    Although the Singapore stock market is one of the more developed within Asia, it is both relatively small, and highly cyclical.  The country’s historical reliance […]

  • Why Hong Kong property tax may help end Singapore housing slump

    Singapore house prices are approaching their trough. A report from Bloomberg said Cushman & Wakefield Inc. expects the slide in the city-state’s home prices to end this year as foreign investors turned off by Hong Kong’s move to increase the stamp duty for overseas buyers look to Singapore instead. Desmond Sim, head of …

  • Fourteen financial institutions to launch debt consolidation plan

    Fourteen financial institutions will be launching a debt consolidation plan (DCP) to help borrowers cope with the upcoming reduction in the industry-wide borrowing limit. According to the Association of Banks in Singapore (ABS), the DCP is a new repayment scheme that aims to help borrowers to reduce their debts over time. …

  • Chart of the Day: Check out Singapore's improving NODX

    It registered a 9.4% growth in December. Singapore's non-oil domestic exports continued the strong uptrend in December with a 9.4% growth, following the 11.5% growth in the previous month, latest data ...

  • "China is doing this probably because it wants to paint an image of positivity as President Xi attends Davos," said Tommy Xie, an economist at Oversea-Chinese Banking Corp. in Singapore. China’s shares have been under pressure since the start of December, along with the nation’s bonds, as funding costs rose amid central …

  • Former HSBC senior dealer Ivan Chng and ex-Deutsche Bank trader Toh Hway Khuan pleaded guilty in separate hearings in Singapore’s High Court on Wednesday. The men both admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar.

  • Perumal Road site awarded

    The Urban Redevelopment Authority (URA) has awarded the tender for a residential with first storey commercial site at Perumal Road to Low Keng Huat (Singapore)...

  • 2 reasons why SPH's media business is on a slump

    Weak business sentiment lowers spending on display ads. The growth in Singapore Press Holdings' earnings is largely dependent on its media business, which is highly affected by the city-state's economic prosperity of Singapore. According to UOB KayHian, the group's media revenue was down 9%, led by a sharp 14% drop in …

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