EntrePass scheme enhanced to attract global startup talent

THE EntrePass scheme - a work visa for foreign entrepreneurs keen to start a business in Singapore in areas such as deep technology - will be enhanced to attract global startup talent starting on Aug 3, said the Ministry of Manpower (MOM), the Ministry of Trade and Industry (MTI), Spring Singapore...

Competition appeal board upholds financial penalty for IPP

THE appeal of IPP Financial Advisers to seek a substantial reduction in the financial penalty imposed by the Competition Commission of Singapore (CCS) has been dismissed by the Competition Appeal Board (CAB). IPP was ordered to pay the financial penalty of S$239,851 imposed together with interest...

Workplace fatalities, injuries down in first half of 2017; occupational diseases up: MOM

THERE were fewer workplace fatalities and injuries in the first half of 2017 compared to the second half of 2016, but the number of confirmed occupational disease cases has gone up, according to a statement by the Ministry of Manpower on Wednesday.

GYP dumps print directories for real estate

GLOBAL Yellow Pages Limited (GYP) is restructuring its business to focus on real estate as its core business and cease publication of print directories from 2018.

New appointments in senior leadership at EDB, JTC, URA

NEW appointments were made in the senior leadership team of several government bodies, in separate announcements made by the Ministry of Trade and Industry (MTI) and the Ministry of National Development (MND) on Tuesday.

A third of Singapore SMEs hit by ransomware last year: study

A STUDY has found that one in three small and medium-sized enterprises (SMEs) in Singapore have experienced a ransomware attack in the last year.

DBS, Xero launch banking initiative for SMEs

A NEW arrangement to help small and medium-sized enterprises (SMEs) better manage their finances has been launched on Tuesday, DBS and cloud accounting platform Xero announced jointly.

Technics Oil and Gas receives SGX approval for time extension

TECHNICS Oil and Gas received approval from the Singapore Exchange for an extension of time of up to one month after the discharge date to comply with its ruling to release its financial statement for the full financial year ended Sept 30, 2016 and for subsequent years for the period in which the...

New appointments in JTC, EDB, URA

THE Ministry of Trade and Industry (MTI) and the Ministry of National Development (MND) today announced several new appointments.

Singtel, CapitaLand Mall Trust rank top in corporate governance

CORPORATE governance standards among Singapore-listed companies have gone up, with average scores under the Singapore Governance and Transparency Index (SGTI) hitting an all-time high.

Swiber Holdings will default on upcoming coupon payment

BELEAGUERED Singapore-listed offshore and marine group Swiber Holdings announced late on Monday that it will default on its upcoming coupon payment for its S$150 million 6.5 per cent trust certificates due 2018 comprising Series 001 issued under its US$500 million Multicurrency Islamic Trust...

SBF leads business mission to Manila, Davao City

THE Singapore Business Federation (SBF), supported by International Enterprise (IE) Singapore and the Philippine Trade and Investment Centre, will be leading a 22-member delegation to Manila and Davao City from Aug 1-4 to explore new business and networking opportunities.

Voluntary unconditional cash offer for Changtian Plastic & Chemical closes

A VOLUNTARY unconditional cash offer for all issued and paid-up ordinary shares in the capital of Changtian Plastic & Chemical Limited made by RHT Capital, on behalf of offeror United Tech Industries Limited, closed on July 31.

Global Yellow Pages restructures business; retrenches workers

GLOBAL Yellow Pages Limited announced on Tuesday that it will restructure its business to focus on real estate as its core business and cease publication of print directories from 2018.

Google to train 2,500 more Singapore SMEs to go global by 2019

SOME 2,500 small and medium enterprises (SMEs) in Singapore will be trained by Google to tap the global market by 2019, the tech giant announced on Monday during the official launch of the expansion of its Go Global initiative.

Roil Shipping enters into time charter agreement with Gasemas

ROIL Shipping, a wholly owned subsidiary of Rotary Engineering, announced on Monday that it has entered into a time charter agreement with Gasemas, in which Gasemas will charter a double hull oil tanker from Roil Shipping for S$15,000 per day for six months.

Hitting speed bumps in going that extra mile

LOCAL celebrity Michelle Chong recently took her frustrations to the Internet, complaining that Singaporeans do not take pride in their work. In a Facebook post that has since gone viral, she cited examples of shoddy work she had experienced in the past year, commenting that people here have a...

A good death

THE only certainty in life is death. But this is not something we like to think about - not when we are at our prime, our careers powering ahead, and the future bright. In fact, as you flip through the papers, about to tuck into a nice brunch with loved ones, you may even question why we want to...

Jump in June factory output sees economists revising upwards Q2 GDP growth estimates

BETTER-than-expected industrial production numbers in June have led economists to expect Singapore's gross domestic product (GDP) growth for the second quarter to be upgraded to closer to 3 per cent, up from the latest flash estimate of 2.5 per cent...

On-time debt payment by SMEs hits 2-year low

THE percentage of debt paid on time by small and medium enterprises (SMEs) fell to 37 per cent for the second quarter of 2017, its lowest in two years, according to research by DP Information Group (DP Info).

Singapore's factory output up 13.1% in June; electronics remains star performer

SINGAPORE'S total industrial output went up 13.1 per cent in June compared to a year ago, as the electronics cluster continued to be the star performer...

Citic Envirotech profit down 7.8%

MAINBOARD-LISTED Citic Envirotech's net profit fell 7.8 per cent to S$21 million for its second quarter ended June 30 compared to the same period a year ago. ...

Trade associations, chambers pump up the volume under Lead programme

TRADE associations and chambers (TACs) have ramped up productivity and market access projects under the Local Enterprise and Association Development (Lead) programme.

Revenue growth expected, but external risks remain: Deloitte

REVENUE growth for Singapore businesses is expected to catch up with that in the rest of the Asia-Pacific in two years, but external risks such as macroeconomic and political factors remain top concerns, Deloitte's first biennial cost survey has found. ...

More work for the more capable is flawed

IT is a common scenario. Person A is a competent worker who takes instructions well and can be counted on to get the job done. Person B is less experienced and known to make careless mistakes, but not of a nature serious enough to get fired.