Business

Fourth Smart Work Centre to be available at Tampines in 2017

The Ministry of Communication and Information, Yaacob Ibrahim, announced that a fourth Smart Work Centre (or SWCs), equipped with video-conferencing facilities, meeting rooms, photocopiers, and Wi-Fi will be opened at the revamped library at Tampines next year as part of  the Tripartite Committee for Work-Life Strategy (or TriCom) to better balance the work-life commitments. Currently, the previous SWCs are located at Toa …

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Most Singapore companies promote staff without giving pay rise

A recent survey said that taking on more responsibilities for the same pay is more common in Singapore than people might think, according to a news written by Today. Specialised recruitment company Robert Half held an independent research which showed that 
only 17 per cent of Singaporean companies always provide a pay rise with a promotion. The report said that …

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Five money lessons Singaporeans can learn from Mustafa Center

By SingSaver.com.sg While entrepreneurs can learn from Mustafa Centre’s success, the average Singaporean can draw money lessons from it too. Mustafa Centre is Singapore’s biggest 24 hour retail mall. It’s also one of the biggest unofficial tourist attractions in the country, bringing in everyone from budget travellers to high-end hotel dwellers. But while many have pondered the business lessons of Mustafa …

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Merchant bank status of Falcon Private Bank withdrawn for serious failures in anti-money laundering controls

The Monetary Authority of Singapore (MAS) announced today that it is withdrawing the merchant bank status of Falcon Private Bank Ltd, Singapore Branch (Falcon Bank) for serious failures in anti-money laundering (AML) controls and improper conduct by senior management at the Head Office in Switzerland as well as the Singapore Branch. This is the second Swiss bank that MAS has …

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No need for drama if you have done your preparations

Chope is a real time restaurant-reservation booking service which connects diners with its partner restaurants. Chope was inspired by the idea of making the restaurant reservation process simpler, aiming to overcome the problem of making phone calls restaurant reservations that normally could only be done during operating hours. By giving a real-time online service for the process of table reservations, …

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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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