Singapore
Time for more productivity as budget aims to increase wages: Ernst & Young
Singapore needs to gear up for more productivity-driven growth, argues E&Y.
Time for more productivity as budget aims to increase wages: Ernst & Young
Singapore needs to gear up for more productivity-driven growth, argues E&Y.
Budget 2011 takes Singapore a step closer to becoming a global Asia hub: KPMG
Up to $400,000 of business spending on each qualifying activity qualifies for a maximum tax deduction of $1,600,000 or $272,000 of tax savings per activity.
A Budget with something for everyone:PwC
The spectre of inflation – possibly reaching 4% this year – and an economy bouncing along very nicely meant that there was no need to pump prime anything.
Singapore needs major employment overhauls to meet productivity targets
To achieve 30% increase in productivity, companies need to devise competitive and cost effective health care, financial security, work/life balance, and other benefit programs.
Avaya strengthens ASEAN team with 2 of the new executives based in Singapore
Gan Bock Herm and Andrew Hindmarch are appointed as Services Leader Avaya ASEAN, and Avaya Data Business Leader, ASEAN, respectively.
Less than 2 in 10 Singaporeans are ready to retire financially: Nielsen
47% of Singaporeans are uncertain about their financial capability to retire.
Singapore to break free from reliance on foreign workers:KPMG
The proposed increase in foreign worker levies shows how the government wants to do away with the reliance on foreign workers and push productivity growth.
Government to spend $560mn to aid SMEs
One of measures the government will provide for SMEs is the 20% corporate income tax rebate.
Government to give out $6.6bn to Singaporeans
To help mitigate rising costs for lower-income households, the average Singaporean household will receive about $3,000.
Shangri-La opens Kerry Hotel in Shanghai
The hotel is located in the new Kerry Parkside complex in the heart of Pudong.
Foreign worker levy for construction sector to be raised by $200
Average levy per foreign worker will be further raised by $60 for the Manufacturing sector and $180 for the Services sector.
CPF contribution rate will increase to 36% in 2011
Employer CPF contribution rate will be raised by 0.5 percentage points.
Something for everyone in Singapore Budget 2011: Ernst & Young
Lower income families, middle income earners and SME Businesses biggest winners in this year's budget.
Government to spend $520m for businesses to enjoy lower tax
Singapore businesses will be allowed to deduct 400% of their expenditures from their taxable income.
ST Engineering subsidiary bags US$60m worth of contract
VT iDirect, ST Engineering's US Subsidiary, will provide satellite Ground Network Infrastructure and end-user terminal technology for Inmarsat's forthcoming Global Xpress service.
OCBC Group achieved record profit of $2,253mn in 2010
But profit for fourth quarter last year posted an 11% quarter-on-quarter decrease.
A record US$5bn poured into Singapore real estate investment in 4Q 2010
Real estate investment volume in Singapore accounted for 31% of Asia's total volume for the last quarter of 2010.
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