News
Singapore and Indonesia forge investment treaty
The city-state's investment deals in Indonesia hit $11.61b in 2017.
Singapore and Indonesia forge investment treaty
The city-state's investment deals in Indonesia hit $11.61b in 2017.
Jewel Changi Airport 90% leased ahead of 2019 opening
Tenants include Shake Shack, Pink Fish and Laderach which will have their maiden outlets in Singapore.
Singapore tops human capital index
Singaporeans can expect 13.9 years of education by age 18.
MAS keeps close watch on property market after cooling measures
It will take at least two to three quarters to understand its full implications.
Singapore is the world's best place for expats: study
But two in four could not afford a home in the city-state.
En bloc sales collapsed 90.71% to $353m in Q3
Total property sales crashed 42% to $6.5b.
Daily Briefing: Social development minister refutes inequality gap; UK luxury car hire kicks off in Singapore
And biotech startup RWDC clinches $17.97m in funding round.
Chart of the Day: Big 5 OSV stock prices rebounded 21% in Q3
Vallianz Holdings saw a 28.6% jump in its share price.
Daily Markets Briefing: STI down 1.11%
Wall Street's worst day since February could hurt gains today.
Singtel and Starhub to offer Google Pixel 3 in Singapore
The local telcos will include Google merchandise as part of their promo.
Huawei joins chipmaking fray with 2 new AI chips for data centres
But it does not plan to directly compete with global chipmakers as Ascend 910 and 310 will not be sold to third parties.
Mapletree Logistics Trust likely to expand footprint into new markets
Mapletree Investments just recently bought a logistics portfolio worth $1.54b in Europe and the US.
Private condo rents down 0.4% in September
Volumes slid 14.8% to 4,199 rented units.
HDB rents slipped 0.5% in September
Volumes dipped 3.8% to 1,690 units rented.
Grab steps up rewards scheme to reduce cancellations by drivers
Riders will also get 100 reward points for each time a driver cancels up on them.
Here's why Singapore is one of the worst countries in reducing inequality
It was pulled down by its tax practices and its low score on public social spending. Although it bested many world rankings, Singapore sank to the bottom 10 countries in terms of reducing inequality, according to a study by international confederation Oxfam International. Ranking 149th out of 157 countries in the Commitment to Reducing Inequality (CRI) Index, Singapore’s score totaled 0.162. It also fell into the 22nd spot out of 23 countries in East Asia and the Pacific in reducing inequality. “It has increased its personal income tax (PIT) by 2%, but the maximum rate remains very low at 22% for the highest earners,” the study said. According to Oxfam, the weak finish by Singapore is partly due to the new indicator on harmful tax practices where it was ranked as the worst of all. Apart from tax, its ranking was also dragged down by its relatively low score in public social spending as only 39% of its budget is allotted for education, health, and social protection. According to Oxfam, this is way behind South Korea and Thailand where 50% of their budget goes into public spending. On labour, Oxfam noted that it has no equal pay or non-discrimination laws for women. They added that laws on both rape and sexual harassment are inadequate whilst there is no minimum wage, except for cleaners and security guards. Denmark, Germany, and Finland managed to get the top three rankings. The US ranked 23rd, way behind Japan (11th) and Canada (18th). Other countries in the bottom 10 are India, Bangladesh, and Laos, amongst others. Nigeria was ranked as the worst when it comes to reducing inequality.
Daily Markets Briefing: STI down 0.47%
Don’t expect gains today.