Micro News

For the fourth year running, Singapore has been ranked the world's most expensive city to live in, a survey by the Economist Intelligence Unit has found. Singapore is still the most expensive city to purchase and maintain a car, and the second most expensive destination in which to purchase clothes.…


According to a Singapore based employment agency, almost 30% of Singapore based employees did not receive an annual wage supplement (AWS) in 2016, this is a relatively standard benefit offered by some Singapore companies regardless of the employees working performance. While over 35% did not receive…


Global rating agency Standard & Poor’s has upgraded Cyprus’s sovereign rating to BB+ from BB. The company added that it expects the island’s economy to expand by 2% this financial year. The rating BB+ is actually still just below investment grade, however the economic outlook and fiscal performance remains…


The Bloomberg Global Health Index has ranked Cyprus in18th place out of a list of 163 countries, with Singapore being the only two non-OECD countries to make the top 20 of the list.     Italy was ranked in first place on the list, as the healthiest country in the world. According to research, the average…


The Cyprus cabinet has delivered a decision wanting to oppose the EU’s Consolidated Corporate Tax Base, stating that it would negatively affect the island’s economy long term. In October last year, the European Commission announced their plans to overhaul the method used to tax companies in the Single…


Britain’s high street banks processed dirty money from an operation run by Russian criminals with ties to the Russian government including the KGB. HSBC and the Royal Bank of Scotland amoung others are all UK based banks that are facing questions about what they knew regarding the international scheme…


A poll has found that the majority of people in Cyprus believe there was no way to avoid the seizure of uninsured deposits that took place four years in the island’s two largest banks, and that depositors who lost money should be reimbursed by them accordingly. It showed that 96% blame the haircut on…



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