Other Briefings
Singapore To Be Asia’s Ultra-Wealthy City Of Choice
Singapore is set to become the world’s second wealthiest city by 2023, behind London, according to property advisory company Knight Frank LLP’s 2014 Wealth Report.
Singapore’s 2014 Budget: Takeaways for Foreign Investors
Last Friday, Singapore’s Minister for Finance and Deputy Prime Minister presented the 2014 Budget to Parliament for the financial year April 1, 2014 to March 31, 2015. In this article, we present the key tax initiatives from the 2014 Budget.
Singapore Tightens Employment Rules For Foreigners
The Singapore government today announced rules that will require many companies operating in the country to consider Singaporeans for skilled job vacancies before turning to candidates from abroad.
Singapore to Deepen Bilateral Relationship with China
Aug. 28 – Singaporean Prime Minister Lee Hsien Long embarked on a week-long official visit to China earlier this week upon the invitation of Chinese Premier Li Keqiang. During the visit, China stated its eagerness to review and continue improving its free trade agreement (FTA) with the Association of Southeast Asian Nations (ASEAN). In turn, […]
Singapore Increases GDP Forecast
Aug. 9 – The outlook for Singapore’s GDP was revised upwards this past week following greater than expected growth over the first two quarters of this year. The announcement came from Singapore Prime Minister Lee Hsien Loong during his televised National Day address to the country. Economic growth was previously projected at a GDP growth […]
Singapore’s RMB Business Up 80% in Three Months
Singaporean banks, arguably the financial apex of ASEAN, have reported an 80 percent increase in the number of local companies using China’s national currency, the renminbi (RMB), to settle transactions.
Singapore Urges Deeper ASEAN-India Relations
Aug. 2 – Earlier this week, at the inaugural lecture of the ASEAN-India Centre in New Delhi, Singapore’s Foreign Minister K Shanmugam pushed for a deeper relationship between ASEAN and India so as to further expand tourism and business opportunities between the two regions. Specifically, in addition to the services and investment free trade agreement […]
Mauritius to Tighten India Tax Treaty Loophole, Singapore to Benefit
Jul. 26 – Mauritius, long the largest sender of foreign direct investment into India thanks to a loophole in its tax treaty which allows Mauritius-based holding companies to offset capital gains taxes (CGT), is finally looking to close this loophole following pressure from the Indian government. The Indian government has estimated that over US$74 billion […]
ASEAN Customs Meeting Held in Singapore
Jun. 7 – From June 4 to 6, Singapore hosted ASEAN’s Customs Directors to greater facilitate regional coordination of their customs operations. The directors will be working to further integrate their customs processes. The customs meeting provides an annual forum to discuss strategy and policy for all ASEAN customs operations. “The meeting is an annual […]
ASEAN SMEs Bolstered After Singapore-Japan MoU
May 29 – Japanese and Singaporean SMEs are set to receive a boost after a Memorandum of Understanding (MoU) was inked this week between SPRING Singapore, Japan Bank of International Cooperation (JBIC), and the Mizuho Corporate Bank (MHCB). The agreement will support business collaboration between the two countries through the facilitation of investment and sharing […]
