New Law Mandates Compliance with Code of Conduct for Retail Leases
Retail lease negotiations to be fairer with mandatory adherence to industry standards As of February 1, 2024, a new law has been enacted in Singapore,...
Singapore’s Retrenchments More Than Double, Employment Growth Slows in 2023
Retrenchments rise, but unemployment remains low in a cooling labour market In 2023, retrenchments in Singapore more than doubled, reaching 14,320, a sharp increase from...
Corporate Tax Receipts Near Full-Year Estimate in First 9 Months
Personal income tax is strong, but GST lagging behind Singapore’s corporate income tax receipts for the first nine months of FY23 have almost reached the...
Singles’ Day Sales Up in Singapore Ahead of GST Hike
Shoppers Rush to Beat 2024 GST Hike, Driving Growth in E-Commerce Sales In anticipation of a Goods and Services Tax (GST) hike in 2024, Singapore...
Hotel Landlord Loses Court Case Over Rent Dispute
Disagreement over tenancy agreement clause capping rent increase The landlord of a six-storey hotel on McKenzie Road, Hoon Kee Meng, lost a court case after...
When Money Laundering Leaves a Stain on the Economy
The Hidden Impact of Dirty Money Flowing Through the Global Economy Singapore’s recent operation against the “Fujian Family” organized crime ring has resulted in the...
MAS Keeps Monetary Policy Unchanged and Announces Shift to Quarterly Reviews in 2024
Inflation Forecasts Lowered, But Inflationary Pressures Persist Singapore’s central bank, the Monetary Authority of Singapore (MAS), decided to keep its monetary policy unchanged in October,...
Singapore to Appoint Developer for Low-Carbon Ammonia Power Generation and Bunkering
Ammonia Combustion to Contribute to Singapore’s Net-Zero by 2050 Goal The Singapore government is taking significant steps toward clean ammonia power generation with the launch...
GST and Corporate Tax Revenue See Notable Increases, While Other Collections Face Decline
Higher consumption, foreign direct investment, and improved digital services contribute to growth In FY2023, Singapore’s tax revenue saw a substantial increase, driven largely by a...
Ministers Shanmugam, Vivian Seek to Serve Defamation Papers on Lee Hsien Yang via Facebook
Legal action arises from allegations related to Ridout Road properties On September 7, 2023, Singapore’s Cabinet ministers K. Shanmugam and Vivian Balakrishnan applied to serve...
D
Enjoy Unlimited Digital Access
Read trusted, award-winning journalism.
Just $2 for 6 months.
Already a subscriber? Log in
