Category: Business

Financial relief arrives as the government steps in to offset GST hike and rising living costs.SINGAPORE — In a move to alleviate the financial burden caused by the recent goods and services tax (GST) hike, approximately 950,000 households living in Housing Board flats will receive up to $190 in GSTV-U-Save rebates starting in January. This …

Anticipation grows for potential supply increase, but challenges remain.INGAPORE: Certificate of entitlement (COE) premiums have seen a significant rise throughout 2022, reaching record highs in four out of five categories, including larger and more powerful cars, commercial vehicles, motorcycles, and the Open category. The only exception was the category for cars with less power, which …

Increased housing supply aims to alleviate rental pressures for private property seekers.A significant increase in housing supply anticipated for the coming year may help alleviate the rental pressures in Singapore's private property market, according to a recent report.Ms. Christine Sun, Senior Vice President of Research & Analytics at OrangeTee, noted in a report dated December …

One hotel reports festive season sales surpassing pre-pandemic levels from 2019.SINGAPORE: After two years of COVID-19 restrictions, hotel restaurants are bustling with festive crowds this Christmas, and many establishments are striving for sustainability even as business picks up.Mr. Ryan Jette, director of food and beverage (F&B) at Pan Pacific Hotels Group, reported that business levels …

A Content Creator's Journey from Student Life to Education EntrepreneurNineteen-year-old Brooke Lim, widely recognized by her online handle @Sugaresque, has navigated her fair share of controversies as both a content creator and a tuition teacher. Through her vlogs, Brooke shares snippets of her life and study tips for students gearing up for the ‘A’ Levels. …

Deputy Prime Minister Lawrence Wong emphasizes the importance of the inaugural India-Singapore Ministerial Roundtable for ongoing collaboration in various sectors.SINGAPORE: Singapore and India have committed to collaborate in several new areas, including food and energy security, green technology, and digital connectivity, as announced by Deputy Prime Minister Lawrence Wong on Tuesday (Sep 20).After a five-day …

Abundant Harvest in Malaysia Leads to Unprecedented Low Prices for Durian LoversSingapore durian prices have hit their lowest levels in years following a bountiful harvest, largely attributed to favorable weather conditions in Malaysia. This year, the crops in Johor and Pahang reached harvest readiness simultaneously, resulting in an abundant supply of durians.As expected, the increase …

Local Banks DBS, OCBC, and UOB Enhance Savings Rates to Attract SaversSINGAPORE: In a bid to stay competitive amid a rising rate environment, DBS, OCBC, and UOB have raised interest rates on their flagship savings accounts twice in the past four months. UOB announced last week that it would lift the maximum bonus interest rate …

A 40-year-old administrative assistant falls victim to a fraudulent cleaning service scheme, mirroring another recent scam.After a woman reported losing $4,300 to scammers posing as a house cleaning service, another victim has come forward, revealing that she lost over $20,000 through a similar scam. Ms. Ye was searching for a cleaning company on Facebook when …

Singapore’s central bank emphasizes the risks of cryptocurrency trading and clarifies misconceptions following the high-profile failure of FTX.Singapore’s central bank, the Monetary Authority of Singapore (MAS), released a statement on Monday (Nov 21) to address questions and misconceptions following the recent collapse of cryptocurrency exchange giant FTX. Once the third-largest crypto exchange globally, FTX filed …