The third round of cooling measures since December 2021 aims to moderate demand and ensure sustainable property market growth.SINGAPORE: Starting Thursday (Apr 27), foreigners purchasing residential property in Singapore will face a significant increase in the additional buyer's stamp duty (ABSD) rate, which has been doubled to 60%. This change is the most substantial among …
Category: Business
Minister Fu and MP Perera clash over whether Singapore should claim or contribute to climate disaster fund.SINGAPORE: The debate over Singapore's role in the Loss and Damage Fund, created at the COP27 climate summit to assist poor countries affected by climate disasters, was reignited in Parliament on Friday (April 21), as Minister for Sustainability and …
The 4G leaders’ visit highlights the government’s concern over the struggles of vendors at the popular night market.SINGAPORE: Deputy Prime Minister Heng Swee Keat was seen at the Geylang Serai bazaar on Thursday (April 13), following his fellow People's Action Party (PAP) colleagues, including PM-designate Lawrence Wong, who had visited the night market earlier in …
Social media users weigh in on the cost of drinks in Singapore, sparking debate on affordability and alternatives.SINGAPORE: A social media post showcasing a $1.40 Teh C Kosong at NTUC Punggol’s Kopitiam has sparked a wave of reactions from netizens, prompting a discussion on drink prices in Singapore.On Thursday, April 13, an online user shared …
With past tightening moves still impacting the economy, MAS anticipates inflation will ease while monitoring risks of a deeper economic slowdown.SINGAPORE: The Monetary Authority of Singapore (MAS) has opted to maintain its current monetary policy, holding off on further tightening to address inflation pressures. In its semi-annual policy statement on Friday (Apr 14), the MAS …
Fewer inquiries and a more selective tenant pool suggest a shift as new housing options emerge.SINGAPORE: Singapore's home rental surge appears to be slowing as tenants resist further hikes, creating a "growing disparity" in expectations. Property agents report reduced inquiries for HDB and condo rentals, attributing the shift to an influx of newly completed condos, …
The recent disruption affected 50% of DBS customers, prompting a formal investigation.SINGAPORE: DBS Bank's chairman Peter Seah and CEO Piyush Gupta expressed deep regret at the bank’s annual general meeting on Friday (Mar 31) over a major disruption to its digital banking services earlier in the week. The outage, which occurred on Wednesday (Mar 29), …
Chew faces a crucial moment as he testifies before US Congress, amid concerns over data security and TikTok’s ties to China.As TikTok battles a potential US ban, Singaporean Shou Zi Chew, the app's CEO, has emerged at the forefront, representing the Chinese-owned platform in Washington. On March 23, Chew will testify before the US Congress, …
Makansutra founder urges policymakers to address rising costs instead of publicizing minor price differencesSingapore food advocate Kf Seetoh voiced concerns about a recent report from the Institute of Policy Studies (IPS) on local food prices, which he believes could harm struggling hawkers and their suppliers. The IPS report, summarized in a Straits Times article, highlighted …
Perceived cost of living vs. reported food prices—Makan Index finds mixed reception amid inflation concernsFor those seeking affordable coffee, Queenstown may be the place to go, with an average cost of $1.01 for Kopi O, according to the recent Makan Index 2.0 survey by the Institute of Policy Studies (IPS). Designed to investigate regional differences …
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