News: 2011 » February » 23

Many big earners in S'pore pay less tax than Hong Kong counterparts

23 February 2011

The China Post


While the top tax rate of 20 percent has not changed, many of the really big earners in Singapore are still better off than their counterparts in Hong Kong. The key level for those in the salary stratosphere is SG$491,587 or US$386,043, of chargeable income a year.

KPMG's head of international executive services, Ooi Boon Jin, calculated that those whose chargeable income exce ... Read more »

Singapore's No. 1 party website just got more popular

23 February 2011

Singapore Democrats

 SDP's Alexa ranking

Singapore's No. 1 party website just got more popular. According to which tracks website traffic across the world, the SDP's website ranks 1,173 in Singapore as of 23 Feb 11 (compared to more than ... Read more »

S'pore looks to store oil in caverns under the sea

23 February 2011

Sonia Kolesnikov-Jessop


The New York Times

The Jurong Rock Caverns, about 400 feet below the Banyan Basin off Jurong Island, ... Read more »

Genting S'pore reports loss in 4th Quarter

23 February 2011

Kristine Aquino


Genting Singapore Plc, the world’s third-biggest casino company by market value, posted a fourth- quarter loss as financing costs increased and high rollers won more.

Net loss widened to S$150.3 million ($117.5 million) in the three months ended Dec. 31, compared with a loss of S$101.7 million a year earlier, the company said today in a statement to Sing ... Read more »

S'pore to enforce Hague Convention on child abduction

23 February 2011


Singapore will enforce the Hague Convention on the Civil Aspects of International Child Abduction (HCCAICA) which it acceded last Dec 28, beginning March 1.

The city-state's community development, youth and sports ministry said today it had formed a central authority to implement its obligation under the convention.

In a statement on Tuesday, the ministry said the Foreign Affairs Ministry of the Netherlands, the depositary of the Hague Convention ... Read more »