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Foreign workers, GST hike keeping SMEs up at night

12 Nov 2019 - The Business Times
Singapore CONCERNS over coping with foreign manpower cuts and an impending hike in the Goods and Services Tax (GST) remain top of mind for small and medium-sized enterprises (SMEs), with representatives from these businesses asking during a dialogue session how the government could assist... To continue ...
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IRAS recovers S$75m in corporate taxes, penalties in first nine months

12 Nov 2019 - The Business Times
Singapore SINGAPORE'S tax authority recovered S$75 million in corporate taxes and penalties for the first nine months of 2019, an excess of nearly S$8 million compared with the same period in the previous year. The amount came from 2,368 companies from a cross-section of industries... To continue reading ...
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Growth-stage funding gap holds back aspiring unicorns, say panellists

12 Nov 2019 - The Business Times
Singapore WITH early-stage startup investors chasing high return multiples and late-stage backers sticking to proven business models, a funding gap at the growth stage - also known as the Series C and D stage - has created a bottleneck for aspiring unicorns, said panellists at the... To continue reading ...
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MAS, IMDA to pilot real trades on cross-border SME digital platform

12 Nov 2019 - The Business Times
Singapore BUSINESS sans Borders (BSB), a cross-border digital trade platform experiment for small and medium-sized enterprises (SMEs), will be ramped up in the first half of next year, having completed its proof-of-concept (POC) stage, said the Monetary Authority of Singapore (MAS) and... To continue ...
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DBS and OCBC tie up with tech giant Google

12 Nov 2019 - The Business Times
Singapore DBS and OCBC Bank are tying up with tech giant Google. Both Singapore banks are due to launch Google Pay services with OCBC's PayNow service and DBS's PayLah! by early 2020. OCBC Bank customers will be the first in Singapore to be able to link their bank accounts... To continue reading SUBSCRIBE ...
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Public healthcare agencies to adopt SGQR payments by end-2020

12 Nov 2019 - The Business Times
Singapore DBS Bank is working with Singapore's public healthcare system to move all public hospitals, specialty centres and polyclinics onto the nation's unified payment code, Singapore Quick Response Code (SGQR), by the end of next year. In a phased approach to encourage a gradual... To continue reading ...
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MAS-led payments network promises applicability beyond finance

12 Nov 2019 - The Business Times
THE Monetary Authority of Singapore (MAS), JPMorgan and Temasek have developed a blockchain-based prototype that enables payments to be made in different currencies on the same network. This multi-currency payments network has the potential to improve cost efficiencies for businesses,... To continue ...
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28 KAP Mall shop owners suing Oxley unit for misrepresentation

12 Nov 2019 - The Business Times
Singapore A GROUP of 28 shop owners who bought 19 units at the freehold strata KAP Mall has banded together to sue the developer Oxley Sanctuary, a subsidiary of Oxley Holdings, for alleged misrepresentation. The defendant denies the allegations and has named KAP's exclusive marketing and... To continue ...
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US$2b investment boost for Singapore's green finance push

12 Nov 2019 - The Business Times
Singapore SINGAPORE's quest to become a global green finance hub just got a US$2 billion speed boost with the launch of an investment programme to support the growth of climate-friendly projects. Known as the Green Investments Programme (GIP), the new initiative by the Monetary Authority of Singapore ...
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Ditching corporate life to start you tiao business

12 Nov 2019 - The Business Times
IT WAS 2017 and Audrey Chew was looking for something new to do. She had returned to Singapore after five years of working for a Brazilian mining company in China. "I went to fintech, AI (artificial intelligence); I looked at the different markets to assess where I could utilise my... To continue reading ...
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