Daily Debrief: What Happened Today

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Singapore introduces 2 new tax frameworks for companies to strengthen tax compliance SINGAPORE has rolled out 2 new tax frameworks to help companies strengthen their tax compliance, said the Inland Revenue Authority of Singapore (Iras) on Friday (Mar 18).

Koufu to charge stallholders at least S$200 more in monthly fees on higher electricity costs FOOD court operator Koufu Group will be charging its stallholders in 85 per cent of its more than 60 branches an additional S$200 to S$300 in monthly miscellaneous fees in a bid to share the costs of electricity for the public dining area, as the firm battles soaring electricity costs.

Quarz seeks MAS intervention; says MNACT manager has fiduciary duty to seek better price ACTIVIST fund manager Quarz Capital Management has sent a letter to the Monetary Authority of Singapore (MAS), asking the latter to ensure that the manager of Mapletree North Asia Commercial Trust (MNACT) fulfils its fiduciary duty to unitholders of the real estate investment trust (Reit).

MAS and non-profit firm CDP ink MOU to promote access to quality ESG data THE Monetary Authority of Singapore (MAS) and CDP - a UK-headquartered non-profit organisation behind a global environmental-disclosure system for companies and sub-national governments - have signed a memorandum of understanding (MOU) to promote sustainability disclosures and access to quality environmental, social and governance (ESG) data across the financial sector and real economy.

MAS issues 10-year prohibition order to former DBS wealth manager for fraud THE Monetary Authority of Singapore (MAS) has prohibited Marcus Loh Thim Mun, a former wealth planning manager at DBS, from providing any financial advice or be part of the management, director or substantial shareholder of any financial advisory or capital markets firm.

The STI today

STI gains 0.24% amid mixed regional showing

SINGAPORE shares ended the week higher against a mixed showing by regional peers.