Buisness in Singapore

Singapore to launch world’s first fully digital bunkering system in 2025 Singapore’s digital wholesale bank ANEXT Bank, has joined forces with global asset manager Schroders to unlock new investment avenues for micro, small and medium enterprises (MSMEs). This partnership, designed to reduce the entry barriers to wealth growth for smaller businesses, will enable ANEXT Bank […]

Singapore plans to introduce a global minimum tax Singapore is expanding its support for deep-tech startups with an additional S$440 million (US$332 million) investment into the Startup SG Equity scheme, which is a government-backed initiative designed to fuel private-sector investment in high-tech ventures. This funding boost was announced at the Singapore Week of Innovation and

OCBC to halt all Russia-linked transactions Singapore is set to become the world’s first port to fully transition to digital bunkering services by April 2025, marking a major leap in the global maritime industry. The shift will require all bunker suppliers at the Port of Singapore to provide digital services and issue electronic bunker delivery

OpenAI to open the first Singapore office Singapore is set to become the world’s first port to fully transition to digital bunkering services by April 2025, marking a major leap in the global maritime industry. The shift will require all bunker suppliers at the Port of Singapore to provide digital services and issue electronic bunker

Indonesia grants visa-free entry to Singapore PRs The Singapore government is moving ahead with legislation to impose a minimum effective corporate tax rate of 15% on large multinational enterprises (MNEs), aligning the country with international tax rules to curb tax avoidance strategies.   The new Multinational Enterprise (Minimum Tax) Bill, which was introduced in September

Singapore set to implement new measures to avoid money laundering Singapore’s second-largest bank, OCBC, has announced it will stop processing all transactions related to Russia starting November 1, 2024. This decision, which impacts both corporate and private clients, directly responds to increasing operational challenges caused by global sanctions on Russia.   OCBC’s decision will affect

Singapore rises to 2nd place in 2024 Global Talent ranking OpenAI, the parent company of ChatGPT, will open its first office in Singapore by the end of 2024. This expansion follows the launch of its Tokyo office earlier this year and is part of the company’s broader push into the Asia-Pacific region.   The new

Exploring Singapore’s Business Landscape: What the Average Enterprise Looks Like Singapore is set to implement a series of new anti-money laundering regulations that are expected to be rolled out progressively, with full implementation within the year. The new measures come in the wake of a high-profile case in 2023, which exposed a multi-billion-dollar money laundering

EnterpriseSG and Google Cloud partner to boost AI adoption for SMEs Singapore has climbed to second place in the 2024 World Talent Ranking by the International Institute for Management Development (IMD), becoming the highest-ranked economy in the Asia-Pacific region. This is a significant leap from its eighth position in 2023 and marks a continued rise

Singapore to launch new office to help SMEs process Singapore has climbed to 4th place in the Global Innovation Index (GII) 2024, achieving its highest position in over ten years. This marks a significant rise for the city-state, which also maintained its top spot in the Southeast Asia, East Asia and Oceania region. Globally, Switzerland,