Singapore, June 14 (ANI): Last week, the Group of Seven (G7) advanced economies announced that they have come to a preliminary agreement to set a global minimum corporate tax rate of 15 percent.
Singapore, May 31 (ANI): Singapore's leading telecommunications operator, Singtel, last week reported a 49 percent decline in annual net profit to SGD 554 million (USD 420 million), its lowest in over 20 years.
Will ban on Indians impact Malaysia s electronics industry? ANI | Updated: May 10, 2021 11:10 IST
By Lee Kah Whye
Singapore, May 10 (ANI): As COVID-19 cases soared in India and its neighbouring countries, Malaysia last Wednesday (May 5) announced a temporary entry ban on citizens of Sri Lanka, Bangladesh, Pakistan and Nepal. It had earlier on April 28 stopped flights to and from India in an attempt to prevent a new COVID-19 variant from entering the country.
The coastal state of Penang, which is the Electrical and Electronics (E&E) manufacturing hub of Malaysia, has expressed concerns that this will impact the state s manufacturers as it is dependent on skilled Indian software and information technology (IT) professionals.
Singapore s DBS Bank report record Q1 profits as LVB s NPA shrink ANI | Updated: May 03, 2021 21:44 IST
By Lee Kah Whye
Singapore, May 3 (ANI): DBS Bank, Southeast Asia s largest bank by assets, reported its highest-ever quarterly profit aided in part by lower NPA (non-performing assets) provided for Lakshmi Villas Bank (LVB) which DBS acquired in November last year.
Singapore headquartered DBS Group s first-quarter 2021 net profit nearly doubled from the previous quarter and increased 72 percent from a year ago to SGD2.01 billion (USD 1.51 billion). It is the first time quarterly earnings has exceeded SGD2 billion.
Total revenue for the first three months of the year came in at SGD3.85 billion which is 18 percent higher compared with Q4-2020 but a four percent decline from a year ago. The bank noted that this would have grown nine percent had Net Interest Margin (NIM) been stable. Expenses rose two percent to SGD1.59 billion mostly due to
Sustainability: Comparing India and Singapore ANI | Updated: Apr 26, 2021 09:23 IST
By Lee Kah Whye
Singapore, April 26 (ANI): Last week, at an event coinciding with Earth Day (April 22), US President Joe Biden hosted a climate conference with other world leaders, urging them to cooperate in the global effort to tackle the climate crisis.
At the Leaders Summit on Climate, he committed his country to reducing greenhouse gas emissions by at least 50 per cent by 2030, doubling the target it set under the 2015 Paris Agreement.
Leaders of countries such as Brazil, Canada, India, Japan and the UK made new pledges or re-affirmed their earlier promises to help save the planet from environmental catastrophe.