THE pressure of rising claims continue to weigh on the five Integrated Shield Plan (IP) insurers, with two moving to raise rider plan premiums, and another expected to follow suit in the next few weeks.
Two men fined $3.98m each for duty and GST evasion
TWO men were fined S$3,984,000 each for fraudulent evasion of duty and Good and Services Tax (GST), Singapore Customs announced in a press release on Monday.
Local spice and nut trader folds, owner declared bankrupt
A PROMINENT business leader within the local Indian community and his family have been declared bankrupt following the liquidation of their spice and nut trading business.
Majority of S'poreans back Founders' Memorial
Eight in 10 Singaporeans polled favour building a founders' memorial to mark the values and ideals that underpin Singapore's rise. And of the two site options for the memorial, the committe in charge prefers Gardens by the Bay's Bay East Garden.
Bullion back in fashion against paper money
US presidential candidate Donald Trump has been derided for (among other things) his apparent desire to return the United States to some form of gold standard. But with negative interest rates becoming widely accepted – and "helicopter money" possibly on its way – gold is suddenly coming back into fashion against paper money.
House briefs
The Bukit Batok single seat ward previously held by People's Action Party (PAP) Member of Parliament David Ong has been officially vacated. Speaker of Parliament Halimah Yacob said on Monday that she has received and accepted Mr Ong's resignation.
Singapore Budget 2016: Weak growth in 2015 to dent government revenue
WEAKER economic growth last year will not only dent the government's budget in financial year 2015, but it will also likely result in a hangover for its coffers in this coming financial year.
S'pore becoming more reliant on services sector
DOMESTIC non-oil exports – and hence the manufacturing sector – are expected to remain subdued over the coming year, leaving the economy reliant on the services sector, according to ICAEW's latest Economic Insight: South East Asia report, which also posits that Singapore's economic growth is unlikely to hit 3.3 per cent until 2018.
Weak growth in 2015 to dent government revenue
WEAKER economic growth last year will not only dent the government's budget in financial year 2015, but it will also likely result in a hangover for its coffers in this coming financial year.
Wages in Japan need to rise for Abenomics to work, says IMF
ABENOMICS needs a "fourth arrow" – an official policy to boost wages – that will work in tandem with other stimulus policies being implemented under the original three arrows, the International Monetary Fund (IMF) said on Monday.
