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Business

Premier Taxis inks partnership with Grab taxi booking app

Grab and Premier Taxis Pte Ltd announced in a joint statement that all Silvercab drivers under Premier Taxi will go onto the Grab platform under a partnership signed by the two entities. This is Grab’s second partnership with a local taxi operator in two months. Grab had announced its partnership with Trans-cab in September to bring all Trans-cab drivers aboard exclusively using Grab …

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How is a humble chicken rice recipe worth S$2 million?

By SingSaver.com.sg Timothy Ho of Dollars and Sense tries to make sense out of the S$2 million valuation of Hong Kong Soya Sauce’s S$2 chicken rice recipe. Can a chicken rice recipe really be worth S$2 million? That’s the question many Singaporeans are wondering after it was reported that the chef-owner of Hong Kong Soya Sauce Chicken Rice And Noodle at …

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Singapore banks report Indonesians participating in tax amnesty program

According to Reuters, three private banks in Singapore are sharing with local police the names of Indonesian clients who are taking part in Indonesia’s tax amnesty program. As Kompas, an Indonesian news portal, reported on16 September, this may disrupt the Indonesian government’s tax amnesty program. Singapore’s banking sector is also worried that this move could damage their business, especially in …

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Apple hit with $14.5 billion (S$19.78 billion) Irish tax by EU

Just this Tuesday (30 August), the European Commission (EC) ordered Apple Inc. to pay Ireland an unpaid tax up to 13 billion Euros (S$19.78 billion). The Commission stated that the company had received illegal state aid. In response to the ruling, Apple in U.S. headquarter and Dublin replied that the US company tax treatment was already in line with Irish and …

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Scoot battles boredom on flight with its own entertainment channel

Scoot launches its own ScooTube channel today starting with a zombie trailer parody featuring bored-to-death zombies on a plane. In the film, the only way to survive the epidemic is to stay entertained. Scoot™, the low-cost, medium-haul arm of the Singapore Airlines Group managed by Budget Aviation Holdings, has carried over seven million guests since taking to the skies in …

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McDonald’s plans to sell franchise rights in Singapore and Malaysia

According to the Bloomberg site, McDonald’s Corp. is planning a sale of 20-year franchise rights in Malaysia and Singapore that could collectively fetch at least US$400 million as a part of move away from direct ownership, people with knowledge of the matter said. Singapore has more than 120 McDonald’s restaurants with around 9,000 employees. While Malaysia chain has more than …

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Iran seeks more aircraft as sanctions are lifted

Iran is looking to order dozens more jets worth around US$50 billion with Airbus and Boeing, said Iranian officials and Western industry sources. This announcement follows the end of international sanctions against Iran in January after it reached a nuclear deal with US and other Western powers. Iranian airline executives attended the Farnborough Airshow in Britain over the past week and held preliminary discussions …

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