Stories By: Bloomberg (379 Articles Found)

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Singapore needs more data before deciding on covid easing: Trade Minister

Singapore officials still need “a few more days” before they can decide whether to relax strict virus curbs that have lasted for nearly two months, MTI Minister Gan Kim Yong said on Fri on the sidelines of the…

Singapore to curb greenwashing with stress tests, technology

Singapore’s financial watchdog is turning to regulation and technology to tackle so-called “greenwashing,” which it considers the weakest link in the push to expanding sustainable finance. Banks in Singapore will have to undergo stress tests from next year…

Singapore is said to canvass wealth circles on tax ideas

Singapore’s government has been soliciting feedback on its tax regime, including having conversations around wealth taxes, as discourse grows around this potentially sensitive topic. While the government regularly consults various industry groups on fiscal policies, the talks around…

How Singapore’s $50 billion financial district will change after Covid-19

Singapore’s glittering financial district is facing its biggest challenge yet: How to reinvent itself for a post-pandemic, hybrid-working world. In little more than half a century, what was once a dilapidated backwater has transformed into a gleaming skyline…

Singapore premier’s estranged brother selling resort-style home

The estranged younger brother of Singapore’s premier is selling his resort-style home amid a surge in demand for luxury properties in the city-state. The two-story bungalow is on sale for S$16.8 million, according to a listing on PG.…

Singapore signals any wealth taxes must fit progressive system

Singapore’s finance minister said on Mon that any form of wealth tax should fit into the nation’s progressive tax system, stressing that discussions on such a move are premature amid a recent debate over inequality and revenues. The…

The real ‘Crazy Rich Asians’ estate is up for a luxury rebuild

A sprawling, vacant plot of land in the heart of Singapore, which inspired the setting of the hit movie ‘Crazy Rich Asians’, may be transformed into a multibillion dollar luxury residential development, according to people with knowledge of…

A $22 billion plan to export solar power from Australia to Singapore clears key hurdle

A A$30 billion-plus bid to export Australian solar power to Singapore via a 4,200-km cable has taken another step forward after clearing a crucial approval hurdle. Indonesia has recommended the route that transmission cables for the Australia-Asia Powerlink…

Singapore’s new long bonds set to gain from global fear factor

Singapore’s first-ever sale of bonds to finance infrastructure projects is ideally timed as signs the global recovery is stuttering revs up demand for top-rated debt. The new 30-year securities should appeal to investors due to escalating concerns about…

Singapore wins its most Michelin stars despite dining curbs

Singapore now has a third three-star Michelin restaurant, along with five two-stars and 41 one-star establishments, the most accumulated stars the city-state has ever been awarded since the guide started ranking here in 2016. Zen, a Nordic restaurant…

Singapore to test modest business travel as opening inches ahead

Singapore plans to set up pilot programs to allow vaccinated business travelers from some countries to enter on controlled itineraries next month, as it charts a cautious intl reopening that extends to local virus curbs too. Singapore is…

The ultra-rich are driving a $24 Billion property frenzy in Singapore

In an exclusive Singapore neighbourhood shaded with rain trees, a local tech billionaire plunked down $95 million for a mansion. Near an upscale shopping district, a Taiwanese family with a grocery empire spent $216 million for all the…

Singapore central bank head takes on thorny political issues

In the last few weeks, MD of MAS has gained attention for his personal views on some politically charged topics, echoing a similar evolution among his central banking peers as they address the world beyond money supply. In…

Singapore restaurant owners vent frustration as dine-in shutters

Some of Singapore’s top chefs are fed up with the government’s on-again, off-again measures to stop the spread of Covid-19, which include a temporary shutdown of in-person dining. The ban on dine-in comes just a month after it…

Singapore’s Covid numbers must learn to tell a different story

In the earliest days of Covid-19, we were scared and uninformed. The only way to make sense of a deadly virus spreading around the world was to quantify it – the number of cases and deaths, countries it…

PropertyGuru near $1.8 billion merger with Peter Thiel SPAC

Singapore’s online real estate firm PG is nearing a deal to go public through a merger with Bridgetown 2 Holdings, the blank-check company backed by billionaires Richard Li and Peter Thiel, according to people with knowledge of the…

Singapore prepares to swap oil hub status for greener future

Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point…

Singapore’s aging street food hawkers get help from Instagram

Seah Hui Li rises before dawn every morning to make 400 traditional steamed buns filled with creamy red bean paste to sell in one of Singapore’s famed hawker markets. But as Covid-19 restrictions kept diners away, the 63-year-old…

Expats in Singapore, Hong Kong watch with envy as world opens up

Singapore and Hong Kong, among the world’s most open economies, have practically shut their doors for more than a year to keep Covid-19 in check. But as US and Europe emerge from the pandemic, the cities’ businesses and…

Global home prices rise most since 2006, fueling bubble concerns

Housing prices worldwide are rising the most since before GFC, following a market frenzy seen in places from New Zealand to Canada to Singapore during the pandemic. Average prices jumped 7.3% in the 12 months to Mar, the…

Big tech drawn to new Singapore carbon offset trading market

Some of the world’s largest tech corporations – from Google to Microsoft and Amazon – are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a…

Amazon leads tech invasion of Singapore offices that banks ruled

In the financial mecca of Singapore, a new crowd is flocking to its offices: technology companies. Steadily growing their footprint in recent years, tech behemoths are chipping away at the dominance of banks in the island-state’s CBD. Exemplifying…

The super rich are choosing Singapore as the world’s safest haven

When Singaporean car dealer Keith Oh first read the FB message, he wasn’t sure it was real. A Chinese client ordered a S$1.1 million Bentley—sight unseen—over the social network. “They just asked for the price and when we…

Singapore’s richest property family warns of cooling measures

The Singapore government may step in to introduce property curbs if home prices keep rising, according to the city-state’s richest property family, marking the first time a developer has waded in on the issue. City Developments Ltd Chairman…

Standard Chartered considers slashing Singapore office space

StanChart is weighing options to downsize its office space in what could become the biggest floor cuts by a bank in Singapore in recent years, according to people familiar with the matter. The London-based bank is weighing options…

Crunchtime for cash at Singapore’s famed hawker food stalls

Singapore officials trying to digitize the economy are targeting a tricky group of holdouts: elderly vendors who run the country’s famed hawker stalls. Most of these stalls have been cash-only businesses though, and that’s part of the challenge…

Singapore is now the world’s best place to be during covid

The Covid-19 news from Apr is a mixed bag. While the world topped one billion doses of vaccines administered in an unprecedented global effort, virus variants are challenging the fight and driving overall infection levels to fresh records.…

Blackstone eyes more Singapore property after $132 million deal

Blackstone Group is seeking to invest in more properties in Singapore to capitalize on rising demand for office space among technology firms expanding in the city-state. The plans come after the US private equity firm announced that it’s…

Singapore keeps dorm migrants segregated even as covid abates

It’s been a year since migrant workers in Singapore were confined to dormitories to prevent an outbreak of Covid-19 in their ranks from spreading across the island. Now, weeks after new cases among the labourers dropped to almost…

Singapore dealer prepares vault for 15,000 tons of silver

Inside a six-story high warehouse near Singapore’s Changi airport, a vast hangar-like space is waiting to be filled with a precious metal that usually plays second fiddle to its more lustrous sibling. The vault that’s being built by…

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