Year 2014
No GST for Investment-Grade gold & precious metals
Monday, 1st October 2012
Investment-grade gold (in the form of a bar, ingot, coin or wafer) must be in purity of 99.5% and above, with the following characteristics that differentiates it from gold in other forms such as jewellery: (i) Capable of being traded on the international bullion market; (ii) Bears a mark/ characteristic accepted as guaranteeing its quality; and (iii) Trade at a price based on the spot price of the metal it contains.
Let The F1 Circus Begin
Friday, 21st September 2012
In the words of Singapore ex-Prime Minister "driving around and then going into the pits; after that, changing the tyres and revving out again ... makes no sense to me." He said he could not understand the allure of such events. For the next 3 days, Singaporeans and Foreigners alike will have to bear with the noise of these loud machines and massive traffic jams into and out of the city due to traffic diversions.
Tyra Banks Spotted In Orchard Road
Friday, 17th August 2012
Tyra Banks was spotted strolling along Orchard Road. She is in Singapore to promote her company ANTM.
Silver River Furniture Fined For Non GST Compliance
Friday, 20th July 2012
Silver River Furniture, a Singapore Furniture Retailer, was fined S$4,000 on four counts of not complying with GST regulations on price displays. The Internal Revenue Authority of Singapore (IRAS) found two of Silver River Furniture's advertisements in a local English daily in early 2012 with small print stating "all prices exclude delivery and GST".
Singapore Government Collected About $100M
Wednesday, 11th July 2012
In the first half of 2012, Singapore Government collected S$93 Million in Casino Entry Levies from locals visiting the city's two casinos. Which translated to about 2 millions Singaporean and PR visits a year. Or about 1,500 local visits each of the casino on any given day. The is a visible rise in gambling addiction amongst wealthy in Singapore. And going to the casino is becoming a social norm here.
F1 IPO In Singapore
Tuesday, 22nd May 2012
The the motor-racing franchise, Formula One Group, will be listed in the Singapore Exchange (SGX) for an initial public offering (IPO) that is valued nearly 4 Billion Singapore Dollars (US$3 Billion). According to its owner, Singapore was picked as the venue for the IPO because it has been hosting grand prix racing since 2008 and is home to a strong fan base for the sport. It is one of the biggest IPO in Singapore.
Indonesia to take control of the airspace above Riau
Sunday, 20th May 2012
Indonesia would take control of the airspace above Riau Islands (about 20 kilometers south of Singapore), currently controlled by Singapore since 1946, from 2025. Singapore is willing to hand over control of the airspace above Riau Islands, earlier provided that the International Civil Aviation Organization (ICAO) gives the green light.
One Of Facebook Founder Takes Up Residency
Sunday, 13th May 2012
Eduardo Saverin, one of the founders of Facebook.com, took up a more tax-friendly residency status in Singapore. Mr. Saverin was living in Singapore since 2010 and plans to remain here "indefinitely". He was born to a wealthy family in Brazil and gained American citizenship at the age of 17 in 1998. He then renounced his American citizenship after holding it for twelve years.
OCBC Is World Strongest Bank
Thursday, 3rd May 2012
OCBC Bank has been named the world's strongest bank by Bloomberg. The assessment is based on factors like the Bank's Tier 1 capital ratio, loan-to-deposit ratio, ratio of non-performing assets to total assets. The bank's internal efficiency ratio, which compares costs with revenues, were ranked.
Helicopter Training Facility Opened In Seletar
Friday, 20th April 2012
Eurocopter, a French helicopter manufacturer, opened its new helicopter simulator complex inside Seletar Aerospace Park. The high-tech Eurocopter simulator was the first to be built outside of France is used for trainer pilots at executing different helicopter manoeuvres. An average of 50 of its pilots train with it annually.
Business 4 Major Events 1 Nation Building 1 Places 2 Sports 1 Transportation 2
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