Singapore
Singapore is set to hike its items and solutions tax in January. Here is how it will perform
Key Factors On Jan. 1 2023, Singapore will increase its goods and solutions tax, usually known as the GST, from 7% to 8%. Singapore’s future GST hike will get put on Jan. 1, 2024, when the GST will be elevated from 8% to 9%. Middle-cash flow Singaporeans could be the most afflicted by the GST […]
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Asia markets fall as Japan’s core inflation marks highest in over 40 years
TSMC in talks to build first chip plant in Europe: Financial Times Taiwan Semiconductor Manufacturing Co. is in talks with suppliers to build its first European chip plant in Dresden, Germany, Financial Times reported, citing people familiar with the matter. The company will reportedly send senior executives to Germany to discuss government support levels and […]
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Concession awards mark a reset for Macao casinos
Macao’s federal government depends on casinos for in excess of 80% of its cash flow, with most of the population employed right or indirectly by the casino business. Dragon For Real | Second | Getty Images With obligatory quarantines lifted, ferry and airline support resuming, and licenses renewed, casinos hope 2023 marks a new commencing […]
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Asia’s year in review: Who had it good — and who had it bad — in 2022
Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. […]
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Southeast Asian marketplaces are in for a ‘bungee jump’ in 2023, states JPMorgan
JPMorgan analysts count on Southeast Asian marketplaces to experience a “sharp tumble adopted by a rapid raise in altitude (bear industry rally) followed by a different decline until eventually marketplaces arrive to relaxation at rock-base” in 2023. Hoang Dinh Nam | Afp | Getty Visuals Southeast Asia’s markets will move in a way similar to […]
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What do hotel ‘star’ ratings really mean? Here’s a breakdown
Ever notice that a single hotel can be rated three, four and even five stars? That’s the case with Singapore’s iconic Marina Bay Sands, which is rated five stars on Booking.com, four stars on Forbes Travel Guide and three stars on Frommer’s. This is because star ratings are “not regulated in a consistent way across […]
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China’s reopening is a even bigger driver for oil rates than cap on Russian crude, Singapore overseas minister says
China’s reopening following the pandemic will be a greater driver for oil price ranges than the cap on Russian oil, Singapore Minister of Foreign Affairs Vivian Balakrishnan advised CNBC on Tuesday. “I would assume to see a considerable opening,” Balakrishnan reported. “Now that has profound implications for the world wide economic system, far more so […]
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Singapore and New York are the most high-priced cities to live in, EIU states
New York City, alongside with Singapore, is the most costly town to stay in, according to the Economist Intelligence Device. Alexander Spatari | Minute | Getty Visuals Singapore has as soon as once again been ranked as the most pricey town to stay in, sharing the top rated place with New York City this yr, […]
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South Korea’s SM Entertainment plans to set up its Southeast Asia headquarters in Singapore
SM Entertainment’s SMTown entertainment complex in Seoul, South Korea, in 2015. SM Entertainment declined to say how much the company is investing into its Southeast Asian expansion, but said it’s “in the midst of hiring more local talents, which will hopefully increase the full-time staff count.” SeongJoon Cho | Bloomberg | Getty Images South Korean […]
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ComfortDelGro, Gojek associate to tackle driver shortage as trip need surges in Singapore
A ComfortDelGro Corp. taxi travels alongside an expressway in Singapore Nicky Loh | Bloomberg | Getty Photos Singapore’s major taxi operator ComfortDelGro and experience-hailing application Gojek stated they would work collectively to tackle issues in the transportation industry, which includes a scarcity of non-public-hire drivers. As element of a two-12 months collaboration, the firms claimed […]
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