Category: Business

All households to benefit from S$100 utilities credit as part of support measures.SINGAPORE: Approximately 1.5 million Singaporeans will receive up to S$300 in a special GST Voucher payment this August, announced Minister for Finance Lawrence Wong on Tuesday (June 21). This amount is in addition to the regular GSTV-Cash that they were slated to receive …

Money Mind explores how companies are turning waste into assets.SINGAPORE: The concept of a circular economy is gaining traction in sustainability discussions, yet globally, only an estimated 8.6 percent of the economy operates on circular principles.As Singapore's economic activity rebounded in 2021 following the easing of COVID-19 restrictions, the total solid waste generated increased by …

Urgent Action Needed as Emission Reduction Targets Remain ElusiveSINGAPORE: Southeast Asia's efforts to decarbonise are inadequate, despite an increasing number of countries in the region committing to net-zero emissions, according to a report released by Bain & Company, Temasek, and Microsoft.The report highlights that no Southeast Asian nation is projected to achieve the emission reductions …

Enhanced Security Features Aim to Protect ConsumersSINGAPORE: The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced on Thursday (June 2) the introduction of an emergency self-service “kill switch” to combat digital banking scams. This new feature is part of a broader set of anti-scam measures that will be progressively …

Exploring the Silent Struggles of Sibling DynamicsTowering above me at six feet, 20-year-old Hector, dressed in black, seemed far removed from vulnerability. Leaning forward in his chair, he animatedly shared memories of his absent father and overbearing mother. It was hard to tell whether he was genuinely enthusiastic about discussing his family with a stranger …

Aiming for Sustainable Transformation in Key SectorsDAVOS, Switzerland: Singapore is stepping up its commitment to combat climate change by joining a global initiative aimed at advancing low-carbon technologies in emissions-heavy sectors such as steel, cement, and chemicals.The country has become a member of the First Movers Coalition, a public-private partnership announced by US President Joe …

Experts warn of potential economic slowdown amid external pressures and rising prices.SINGAPORE: Singapore's economy is facing turbulent times as the ongoing Russia-Ukraine conflict and stringent COVID-19 lockdowns in China exacerbate supply chain issues and drive prices higher.“The road ahead remains bumpy,” cautioned OCBC's chief economist, Selena Ling.The economy recorded a slower growth rate in the …

Nancy Tan Mee Khim Barred from Regulated Activities Following Legal Conviction for Fundraising Without LicenseSINGAPORE: An eight-year prohibition order has been issued by the Monetary Authority of Singapore (MAS) against a former managing director of a company that crowdfunded over S$15 million for small- and medium-sized enterprises (SMEs) without a license.This order, affecting Nancy Tan …

Despite significant losses, optimism remains for Sea Ltd.’s future as it adapts to evolving challenges.Last year, Forest Li, the founder of Shopee, was recognized by the Bloomberg Billionaires Index as the richest person in Singapore. However, the co-founder of Sea Ltd., Shopee's parent company, has experienced a staggering decline of over 80% in his fortune …

Defence Minister weighs in on the debate surrounding women's enlistment, emphasizing national needs over social equity.SINGAPORE: The "societal cost" of enlisting women into National Service (NS) at this time will "far outweigh" the benefits, Defence Minister Ng Eng Hen told Parliament on Monday (May 9)."Women will be delayed in their entry into the workforce. The …