Category: Business

A phased approach to sustainability reporting will extend to large non-listed firms by 2027.SINGAPORE: All listed companies in Singapore will be required to make climate-related disclosures starting from the financial year (FY) of 2025, said Minister for Transport and Second Minister for Finance Chee Hong Tat on Wednesday (Feb 28).Such disclosures will be based on …

A slight dip in inflation offers relief, but future price pressures remain uncertain.SINGAPORE: Inflation showed signs of easing in January, with the year-on-year (YoY) rate dropping to 2.9%, a decline from December’s 3.7%, according to data from the Department of Statistics (SingStat). This marks a welcome slowdown in the pace of price increases, bringing a …

Sultan Ibrahim’s speech strengthens PM Anwar’s position amidst ongoing political tension.SINGAPORE: Malaysia's newly appointed king, Sultan Ibrahim Sultan Iskandar, delivered a significant maiden speech in Parliament on Monday (Feb 26), reinforcing political stability and backing Prime Minister Anwar Ibrahim's economic reforms, which may bolster the unity government’s standing.During the opening of the third session of …

Proposal involves two unused plots of land crucial for the redevelopment project to improve the immigration experience for Causeway travellers.SINGAPORE: Singapore is currently awaiting Malaysia’s decision regarding its proposal to purchase two plots of land that are critical to the redevelopment of the Woodlands Checkpoint.The Immigration and Checkpoints Authority (ICA) confirmed on Thursday (Feb 22) …

While sales decline, high-end properties continue to attract attention amid market uncertainties.SINGAPORE: The sale of Good Class Bungalows (GCBs) in Singapore saw a historic low in 2023, reflecting a significant downturn in the luxury property market. However, Han Huan Mei, research director at List Sotheby’s International Realty, suggests that while the market may be “down,” …

As Budget 2024 introduces measures to support workers, the question remains: is upskilling truly the solution to economic uncertainties?SINGAPORE: Amidst the announcements in the Budget 2024 speech by Deputy Prime Minister Lawrence Wong, which included various grants and vouchers, the focus on workers and upskilling stood out. With initiatives aimed at supporting students, mid-career professionals, …

How Singapore’s new budget measures are expected to boost key sectors and specific stocks.SINGAPORE: Singapore’s Budget 2024, unveiled last Friday, marks a significant milestone in the nation’s strategy to tackle economic challenges. As inflation continues to rise, the Budget introduces several key measures aimed at alleviating the burden on individuals and businesses. These initiatives include …

Insights into GST offsets, wealth taxes, and what to watch for in the upcoming budget.SINGAPORE: The arrival of Budget 2024 has sparked discussions on Singapore’s economic policies, from GST hikes to wealth taxes. To demystify these issues, economist Manu Bhaskaran, Vice President of the Economics Society of Singapore and CEO of Centennial Asia Advisors, shared …

Budget focuses on cost-of-living support, equality, and safeguarding Singapore’s future amidst global uncertainties.SINGAPORE: Deputy Prime Minister and Finance Minister Lawrence Wong unveiled Singapore’s Budget 2024 in Parliament on Friday (Feb 16), emphasizing cautious optimism for the year ahead. While inflation is expected to ease, economic growth is projected to range between 1 and 3 per …

Enhanced Assurance Package and additional relief measures aim to support Singaporeans amidst economic uncertainties.SINGAPORE: Deputy Prime Minister and Finance Minister Lawrence Wong announced expanded support measures in Budget 2024 on Friday (Feb 16) to address cost-of-living challenges and economic uncertainties. The enhancements include additional payouts, increased tax reliefs, and significant funding for the Goods and …