Aufenthaltserlaubnis in Singapur – Was Ausländer beachten müssen
Bekannt als eines der stabilen und kräftig entwickelten Länder in Asien, wird Singapur zunehmend zu einem attraktiven Geschäftsumfeld für viele umsichtige ausländische Geschäftsleute und Investoren. Ein entscheidender Faktor für den Erfolg von Singapur ist das gute Anreizprogramm der Regierung, damit sich ausländische Talenten zu diesem Land verpflichten. Dazu gehört das Programm für einen Daueraufenthalt (Permanent […]
Singapore Tightens Employment Rules for Foreigners
Sept. 24 – The Singapore government today announced rules that will require companies operating in the country to consider Singaporeans for skilled job vacancies before turning to candidates from abroad. Commencing August 2014, firms with more than 25 employees must advertise a vacancy for professional or managerial jobs paying less than S$12,000 (US$9,605) a month […]
Singapore and the EU Finalize Free Trade Agreement Draft
Singapore and the European Union (EU) have finalized the draft for their free trade agreement, the first such agreement between the EU and any Southeast Asian nation. The agreement seeks to increase market access between the two nations by liberalizing trade through the removal of tariff and technical barriers.
Singapore Bourse Attracts Foreign Companies
Sept. 16 – The Japanese firm Xyec Holdings announced plans this month to raise capital on the Singapore Exchange’s (SGX) Catalist board. Xyec, an IT and manufacturing-focused holdings company, will be the first Japanese firm to list exclusively in Singapore, bypassing its own domestic stock market completely. Singapore and other ASEAN countries have increasingly seen […]
Gulf Cooperation Council-Singapore FTA Comes into Effect
Sept. 5 – Earlier this week, the Gulf Cooperation Council-Singapore FTA (GSFTA) finally came into effect after somewhat lengthy negotiations that began after the agreement was previously negotiated on and signed in Doha, Qatar, in 2008. This is the first FTA signed by the Gulf Cooperation Council (GCC) and Singapore, and only the second FTA […]
Singapore, Malaysia, India Among Most Financially Vulnerable Asian Countries
Sept. 3 – According to a recent report measuring financial vulnerability published by Bank of America Merrill Lynch (BofAML), Singapore, Malaysia and India are among the most financially vulnerable Asian countries based on their surprisingly low scores. The scoring factors used in the report are based on ten different aspects, including: Excessive real credit growth; […]
India Fines Singapore’s Temasek Holdings
Aug. 23 – Temasek Holdings, the investment arm of the Singapore government, received a fine of Rs 50 lakh (US$79,000) this month from the Competition Commission of India (CCI) for late filing of M&A approval forms required under Indian securities law. This is the first time a government-owned international investment company has been issued a […]
Singapore Seeks to Expand Its RMB Market
Jul. 22 – Singapore is now planning to market itself as a fast-growing hub for offshore RMB exchange after it recently started dealing in the Chinese currency this past May. The Chinese government also just recently cleared the Singapore branch of the Industrial and Commercial Bank of China for such transactions. Prior to such approval, RMB […]
Singapore’s Bilateral Investment Treaties
Singapore continues to utilize bilateral investment treaties (BITs), especially for it smaller trading partners and particularly so for investors from emerging nations with relatively immature tax laws and regulatory environments.
Singapore to be the Cruise Hub of Asia
May 6 – The world’s largest cruise ship operator, Carnival Corp, have just established operations in Singapore with the stated goal to promote Singapore as “the cruise hub for Asia, as Miami is for the Caribbean”. Carnival, who operate over 100 cruise ships around the world, will be based out of the Marina Bay Financial […]