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Asian investment bank infrastructure designed by the IMF starts to take shape

Published on: 13/01/2017 // Jurisdiction: Asia, Singapore // Topic: Opening a bank account

On May 22nd Singapore hosted the three-day meetings between IMF representatives on behalf of the 57 countries that have accepted to participate in the formation of the Bank. Charter Bank will be signed by the end of June 2015 onwards.

Index of prices in Singapore fell to 0.5 % in April 2015

Published on: 13/01/2017 // Jurisdiction: Singapore // Topic: Cost of Living, GDP

Suffice to say it is indeed interesting to read the news regarding a drop of 0.5 %. Why is this so? Statistics show that the reason for the decline in food prices is linked to oil currently being at 11.7 %. However, the drop in prices still leaves Singapore as being the most expensive city in the world.

UBER in Singapore

Published on: 13/01/2017 // Jurisdiction: Singapore // Topic: Competition, Market share

UBER is a registered company in partnership with Lion City Rental, have together accrued an authorised capital of S$100. The company offers a franchise of rental cars for those who wish to work as a taxi driver under the trademark UBER. It is common knowledge that buying a car in Singapore is expensive.…

The Singapore economy has grown due to construction

Published on: 13/01/2017 // Jurisdiction: Asia, Singapore // Topic: GDP, Singapore, Singapore economy

The economy in Singapore has been developing faster than previously anticipated for the first quarter of 2015. Experts list growth in construction and retail trade fields to have moved the reduction in production to be among the key reasons for the growth.

OECD: Asian economy continues to grow

Published on: 13/01/2017 // Jurisdiction: Asia, Singapore // Topic: OECD

The recent annual report by the OECD has been focused on the analysis of integration processes and economic development on the Asian continent.

Singapore named the happiest nation in the world

Published on: 13/01/2017 // Jurisdiction: Singapore // Topic: GDP, quality of life

According to the World Happiness Report 2015, Singapore has been named as one of the 25 happiest countries in the world and the happiest country in Asia. And although this statement could only result in an ironic smile for Singaporeans, today this scepticism has caused sincere smiles.

Sudden growth of exports last month surprises Singapore

Published on: 13/01/2017 // Jurisdiction: Asia, Singapore // Topic: Sudden growth of export in Singapore last month

In addition to non-digital deliveries, non-oil exports in Singapore have also unexpectedly grown last month in April.

SINGAPORE: New bus operator will hopefully improve public transport

Published on: 13/01/2017 // Jurisdiction: Singapore // Topic: Market share, Public Sector, quality of life

Awarding the winning bid to a more costly purchaser shows that the Singapore government is looking to place greater value on quality rather than cost, analyst’s state.

Eltoma Corporate Services has been approved as a Filling Agent

Published on: 13/01/2017 // Jurisdiction: Singapore // Topic: filing agent

Eltoma Corporate Services has been approved as a Filling Agent in Singapore as per the Accounting and Corporate Regulatory Authority Act! The criteria for qualification can be any of the following: • Qualified Advocates & solicitors.• A public Accountant registered under the Accountants Act.• A member…

Singapore: IE will extend 2015 Budget initiatives to help the expansion of local firms

Published on: 13/01/2017 // Jurisdiction: Singapore // Topic: Singapore Budget 2015, SMEs

The trade agency in Singapore is currently evaluating if processes such as enhanced grant support should be prolonged, as more SMEs (small and medium-sized enterprises) attempt to expand regionally & even globally. International Enterprise (IE) Singapore is reviewing whether measures in Budget 2015 (whose…