In The News

Numoni awarded for infocomm innovation

SingaporeNUMONI, a Singapore-based payments company, wants to reach out to over 80 per cent of the world's people. That's an ambitious goal for a young (just two years old) and small (a staff strength of 43 people) firm. We're talking about a market of more than 5.6 billion people.But it's not an impossible target. Numoni has created, developed and manufactured the Nugen, a cash-based...


SingPost embarks on new path to survive

THE traditional postal service is a dying business. Singapore Post estimates that even Santa Claus, once deluged with postal gift requests, now gets no more than 100 letters from here a year. But the urgency brought on by this seismic change is the very impetus that has pulled the team at SingPost together as they embarked on their "transformation for survival", says group chief executive...


S'pore still world's most business-friendly place, says EIU

SingaporeSINGAPORE has again been ranked as the best place to do business.The business-environment ranking put together by the Economist Intelligence Unit (EIU) said on Thursday that the Republic's pole position came courtesy of its "efficient, open economy that works hard to maintain its competitiveness as a regional hub for global businesses".While Switzerland defended its second place position...


S'pore 'the 5th easiest place to do taxes'

SINGAPORE has kept its ranking as the fifth easiest place in the world for companies to file and pay their taxes, a new study has found. The study was conducted jointly by professional services firm PricewaterhouseCoopers (PwC) and the World Bank Group. The report, now in its 10th year, compares tax regimes across 189 economies. It records the taxes and mandatory contributions that a case study...


CitySpring and Keppel trusts merging to form S$2b entity

SingaporeKEPPEL Infrastructure Trust (KIT) and CitySpring Infrastructure Trust are poised to create the largest Singapore infrastructure-focused business trust listed on the Singapore Exchange, following the combination of the two trusts, and the acquisition of a stake in Keppel Merlimau Cogen.When completed, the two transactions will yield a combined trust with a market capitalisation expected...


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