Singapore is stepping up efforts to position itself as a hub for Islamic banking. In the recent Budget, a 5 percent concessionary tax rate was announced for income derived from qualifying Shariah-compliant products. Industry watchers said this would help to draw in key global players. The global Islamic banking sector is estimated to be worth around US$500 billion. And Singapore is making yet another...
Singapore
Round-the-clock work is underway to make sure the S$500 million (US$356 million) University Town at the former Warren Golf Course is completed in time for the Youth Olympic Games in August 2010. The University Town will be the Athletes Village for some 3,500 young athletes during the inaugural Games. But hardware aside, the National University of Singapore (NUS) is also planning an array of activities to...
Singapore erupted in celebration on Thursday after winning the right to host the inaugural Youth Olympics in 2010, with Prime Minister Lee Hsien Loong calling it a new era for Southeast Asian sport. The International Olympic Committee (IOC) awarded the Games to the city-state ahead of Moscow by a vote of 53 to 44. It will be the first time that Singapore is hosting a multi-disciplinary sporting event of...
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...
Prime Minister Lee Hsien Loong has urged Singaporeans to brace themselves for further uncertainties. In his Lunar New Year message, Mr Lee said the "Year of the Rat" begins under challenging circumstances. But he added that there's reason to remain confident because Singapore is in a strong position to weather any storm. Turbulence in the financial markets worldwide has shaken consumer and investor...
The Singapore resident population - comprising citizens and permanent residents - hit some 3.58 million (3,583,100) by end of June last year, compared to 3.53 million (3,525,900) at the end of June 2006. But the Department of Statistics says the latest figures showed that Singapore's total population as at end of June this year was 4.59 million (4,588,600). This includes the non-resident population,...
Singapore will announce its national budget for the fiscal year of 2008 on 15 February, in a parliamentary seating. Analysts say they expect the government to announce measures to help Singaporeans cope with inflation and the higher cost of living. In December 2007, consumer prices rose 4.4 percent over the previous year, touching a 25-year high in the Republic's history. For the whole year, the...
There were 30,168 resident births in the first 10 months of 2007. According to the National Population Secretariat, this was just 1 percent higher compared to the same period the year before. However, the shortfall in resident births is being compensated by a record number of foreigners who are calling Singapore home. The whole of last year saw 13,209 foreigners taking up Singapore citizenship and 57,310...
Singapore’s Most Desired Address Located in a premium residential oasis, bound by Tanglin Road, Tomlinson Road and Cuscaden Road in the prime District 10 area, St. Regis Residences, Singapore, is just steps away from the world-famous shopping haven along Orchard Road and the city. Here, residents and guests can soak in the tree-lined boulevards with its spectacular landscape, shop at world-class...