Buying a second property may be a dream come true to many, but in Singapore, it also means having to pay the hefty Additional Buyer’s Stamp Duty (ABSD). The ABSD for Singapore Citizens (SCs) buying a …
Malaysia: Down, but not out
With the Malaysian ringgit falling 30 percent against the Singapore dollar, an uncertain economy, and the political scandal affecting Prime Minister Najib Razak, many Singaporeans are left wondering …
Chemistry AI startup ChemLex raises US$45 million, sets up global HQ in Singapore
The funds will be used to hire more hardware and software engineers as well as chemists in the city-state Read more at The Business Times.
China’s ChemLex unveils in Singapore an AI-powered drug discovery lab run by robots
The mix of AI and robotics can collect enough data in one day that takes conventional labs 3 years. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore, Mexico business chambers ink deal to help local firms expand overseas
The Singapore Business Federation and its Mexican counterpart COMCE have inked a new agreement that will give companies in Singapore more opportunities to work with Mexican firms and expand into …
Singapore, Mexico business chambers ink deal to help local firms expand overseas
The Singapore Business Federation and its Mexican counterpart COMCE have inked a new agreement that will give companies in Singapore more opportunities to work with Mexican firms and expand into …
Sale of S$50mil Singapore building linked to Cambodian scam tycoon removed three days after listing
SINGAPORE: The sale of a 32,000 sqft commercial building in the crosshairs of an ongoing money laundering probe in Singapore and the United States has been taken down just three days after it was …
Are Singapore’s investment giants being left behind?
Temasek and GIC are integral to the finances of the south-east Asian city-state. But recent returns have compared unfavourably with many global peers …
Leasehold land: valuations are transparent
There is an argument that S-REITs pay out their depreciation, including the time decay of land tenures. The counterargument is that JTC and the Singapore Land Authority (SLA) are very transparent, and …
Second-most expensive flat in Singapore: 5-room unit in Bishan sold for $1.63m
A five-room HDB unit in Bishan has changed hands for a whopping $1.63 million, making it Singapore’s second-highest transacted price for a resale flat.The price of the unit at Block 275A Bishan Street …