Daily Debrief: What Happened Today (Dec 29)

Stories you might have missed

Household electricity, gas bills to continue climb in Q1 on higher tariffs, GST increase

ELECTRICITY tariffs after GST are expected to go up by 4.8 per cent to 32.58 Singapore cents kilowatt-hour (KWh), from 31 cents previously. This comes as the GST rate rises to 9 per cent from 8 per cent.

2024 will herald the end of a race to the bottom in corporate tax rates

THIS major development will finally put a floor under the harmful competition that, over the past four decades, has created a relentless downward spiral in statutory corporate tax rates worldwide.

Geely-owned Chinese luxury EV brand Zeekr to start Singapore sales in 2024

THE first deliveries are slated to begin in June or July 2024, according to Premium Automobiles Group, which has been appointed as its authorised distributor.

Singapore: An ideal portfolio diversifier

WHILE 2023 saw several key market-moving events such as the collapse of Silicon Valley Bank and the growing tensions in the Middle East, the Singapore market withstood the wide volatility and traded within a narrower band than other markets.

Fighting fraud and forgery in commodities trading

WITH a string of fraud cases, Singapore’s commodities trading scene could be in need of an overhaul – particularly in terms of financing regulations and trading rules.