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According to the review of SGX – NUS, Singapore companies are getting better in sustainability reports

Ace Global
December 30, 2021

Singapore companies are getting better at making sustainability reports in the COVID-19 era, according to a joint review by Singapore Exchange Regulation (SGX RegCo) and the Centre for Governance and Sustainability (CGS) at the National University of Singapore Business School.

OCBC’s profit in the first quarter of 2021 exceeds double expectations of a record $1.5 billion.

Ace Global
December 30, 2021

OCBC successfully went beyond market forecasts as its earnings for Q1 2021 more than doubled Q1 2020 performances. Constituting to such an achievement is OCBC’s strive towards its insurance and wealth businesses while reducing allowances for low credit-rated loans.

Singapore firms launch green financing projects for national development on Earth Day

Ace Global
December 30, 2021

Coinciding with the global observance of Earth Day, Singapore companies have brought out sustainable finance initiatives.

DBS releases digital advisory services to better support customers in decision-making for personal investment.

Ace Global
December 30, 2021

Based on the customer’s personal investing knowledge and financial goals, a list of suggested investment products will be customized to match customer demand.

Singapore GDP is forecasted to grow up to 5.8% in 2021.

Ace Global
December 30, 2021

According to 24 economists surveyed by the Monetary Authority of Singapore (MAS), the gross domestic product of Singapore is predicted to rise to 5.8 percent this year.

Budget 2021: GST to be extended to low-value and non-digital imports from 2023

Ace Global
December 30, 2021

On Feb 16, 2021, Deputy Prime Minister Heng Swee Keat announced that low-value goods bought online and imported via air or post will be subject to Goods and Service Tax (GST).

Closure of Deposit Service Accounts service from 1 Oct 2021

Ace Global
December 30, 2021

From 1 Oct 2021, the Deposit Service Accounts (DSA) service – one of the payment methods available for customers transacting with BizFile+ and ACRA iShop, will be discontinued.

PwC Singapore calls for tax incentives on Covid-19 business spend in Budget 2021

Ace Global
December 30, 2021

PwC Singapore has suggested that the tax rules should be adjusted in the next national Budget to cover pandemic-related spending and business needs.

Singapore – UK sign Free Trade Agreement (FTA) to work towards a digital economy agreement

Ace Global
December 30, 2021

On Thursday (10 December 2020), Singapore and the UK have signed the UK-Singapore Free Trade Agreement (FTA). According to the Ministry of Trade and Industry (MTI), Singapore and UK companies will enjoy the same benefits from the EU – Singapore FTA (EUSFTA).