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The Singapore government has argued that reducing the rate of GST would benefit the wealthy more than the poor, as the bulk of GST is collected from foreigners and higher-income earners. In 2010, 84.2% of all GST paid was collected from foreigners and the top 40% of Singaporean households, while the bottom 20% of households contributed only 4% ...
Coupons are associated with Sunday circulars and help consumers who struggle to make ends meet. [19] A coupon is a discount, either of a certain specified amount or a percentage to the holder of a voucher, usually with certain terms. Commonly, there are restrictions as for other discounts, such as being valid only if a certain quantity is ...
In April 1996, Lee and his son, Lee Hsien Loong, disclosed that they had purchased apartments located at Nassim Jade and Scotts 28 from Hotel Properties Ltd, a real estate developer listed on the Stock Exchange of Singapore, at substantial discounts ranging from 5 to 12 per cent. [286]
In 2023, CMC Markets' annual report revealed a 43% drop in net profits, a 20% decline in operating revenue, and a 9% reduction in active traders. [50] [51] The fiscal year's first half ended with a pre-tax loss of £2 million. [52] In August, its shares dropped nearly 20% following an announcement of weaker annual profits. [53]
Government-linked corporations play a substantial role in Singapore's domestic economy. These GLCs are partially or fully owned by a state-owned investment company, Temasek Holdings. As of November 2011, the top six Singapore-listed GLCs accounted for about 17% of total capitalization of the Singapore Exchange (SGX).
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
The STI has a history dating back to its founding in 1966. [1] Following a major sectoral re-classification of listed companies by the Singapore Exchange, which saw the removal of the "industrials" category, the STI replaced the previous Straits Times Industrials Index (abbreviation: STII) and began trading on 31 August 1998 at 885.26 points, in continuation of where the STII left off.
In 2006, Li sold 20% of Hutchison's ports business to Singapore rival PSA Corporation, making a US$3.12 billion profit on a US$4 billion deal. [ 30 ] Group subsidiary Hutchison Telecommunications sold a controlling stake of 67% in Hutchison Essar , a joint venture Mobile operator in India, to Vodafone for US$11.1 billion .