With business costs have generally increasing, Singapore is no longer a low-cost business location as the government recognised. Trade and Industry Minister Lim Hng Kiang said this in a written reply to MP for Ang Mo Kio GRC, Inderjit Singh. Mr Singh asked if Mr Lim could provide data on the changes in labour and rental costs, and whether the increasing costs would make it difficult for Small and...
Singapore Business
Italy's top animation studio Rainbow S.p.A has chosen Singapore as the location for its S$25 million global headquarters of its online gaming division. It will develop interactive games for children based on its successful animated television series, Winx Club. Rainbow says this will generate hundreds of jobs in Singapore's computer graphics and IT sectors, but did not provide exact figures. This is in...
Singapore is one of the top locations in the world for new small and medium enterprises (SMEs) looking for financing. This is according to a new study by MasterCard Worldwide. The study shows that Tokyo and Singapore are ranked in the top four out of 53 leading global cities in the potential size of its SME financing market. Tokyo is second while Singapore is ranked fourth. In the Asia Pacific, Middle...
For the first time, Singapore has clinched top spot as the best place for meetings and businesses, beating global players such as Paris and Vienna. The Union of International Associations (UIA) Global Rankings also gave Singapore top billing as the number one Asian country for meetings, a position Singapore has held for the past 24 years. The Singapore Tourism Board said the country accounted for 22.5...
Singapore ranks second in Asia after Tokyo as a key centre of commerce, according to a study by MasterCard Worldwide Research. The study ranks the top 75 centres of commerce by comparing how they perform critical functions that connect markets around the world. Globally, Singapore takes fourth spot ahead of Hong Kong which is sixth in this year's index. According to the study, Singapore shines as a...
There continues to be strong demand for talent in the financial and accounting sector in Singapore. That's according to a series of polls conducted by global recruitment agency Robert Half International. The global survey included 5400 finance professionals from 18 countries. Out of the 300 hiring managers surveyed from Singapore, 40 per cent said they would expand their finance team within the next six...
Broadcasting and radio communications firm Rohde & Schwarz has said Asia will be the source of technological innovations in the future, and that is why it has set up its first regional headquarters outside Germany in Singapore. Research and development (R&D) will be the focus of Rohde & Schwarz's new regional headquarters in Changi Business Park. The communications firm said this is its...
The Home Office Scheme has been popular since it was introduced in 2003. So far, more than 20,600 authorisations have been issued, with 19,500 approved applications for HDB flats and 1,100 for private properties. With the Housing and Development Board (HDB) extending the approval period for the scheme from three years to five years, more are expected to join the scheme. From the beginning of this month,...
The inaugural Formula One Grand Prix in Singapore will give the island's economy a significant boost. F1 supremo Bernie Ecclestone is convinced the first night race on a downtown street circuit is where multi-billion-dollar business deals will be sealed from September. Apart from an estimated 40,000 tourists visiting the island during the race, the 77-year-old told TODAY in an exclusive interview from...