Singapore
Compliance awakens
Last November I wrote that Foreign Account Tax Compliance Act (FATCA) was just the beginning. For those who are unfamiliar, FATCA was enacted by the United States Congress back in 2010 to encourage tax compliance by US persons using non-US financial accounts. The stated purpose of the law was "to clamp down on tax evasion and improve taxpayer compliance by giving the IRS new administrative tools to detect, deter, and discourage offshore tax abuses."
Compliance awakens
Last November I wrote that Foreign Account Tax Compliance Act (FATCA) was just the beginning. For those who are unfamiliar, FATCA was enacted by the United States Congress back in 2010 to encourage tax compliance by US persons using non-US financial accounts. The stated purpose of the law was "to clamp down on tax evasion and improve taxpayer compliance by giving the IRS new administrative tools to detect, deter, and discourage offshore tax abuses."
The future of work after SG50
Two new statutory boards, SkillsFuture Singapore (SSG) will be established and overseen by the Ministry of Education while Workforce Singapore (currently WDA) will be overseen by the Ministry of Manpower. The overarching objective is to help Singaporeans continually possess relevant skills to find the jobs they want.
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Upload speeds exceeded 130Mbps.
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Singapore has the oldest fleet in Asia, to begin with.
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Retail sales up 4.7% in November as car sales accelerate
Total sales value stood at $3.5 billion.
New home sales plunged 49% to just 384 units in December
But full-year sales ticked up.
Office landlords struggle to keep tenants as employment growth slows to a crawl
Things will get worse as bank hiring shrinks.
GKE steers back into profitability with $0.3m in 1HFY15
Thanks to gains from disposal of a subsidiary.
Jumbo kicks off 2016 with third Shanghai branch
It hopes to reach a market with higher spending power.
CosmoSteel’s FY15 profit books 116% crash to $0.9m
Blame it on intense local, global competition.
Eindec debuts on SGX Catalist Board
It opened at $0.235 today.
This will be a bad year for business parks, analysts warn
Rents will drop on back of slow demand.
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