Tag Archives: Singapore

* Singapore to scrap GST on gold, aims to become bullion hub * Change in tax treatment takes into effect in October * Singapore wants to be pricing hub for gold By Lewa Pardomuan and Luke Pachymuthu SINGAPORE, Feb 20 (Reuters) – Singapore is seeking to lure bullion refiners by scrapping taxes on gold, a move which could also attract trading houses …

Singapore will seek to reduce its reliance on foreign workers and, instead, try to improve the productivity of its own workforce in an effort to restructure its economy, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced on Friday. FOREIGN WORKER QUOTA CUT In the first budget speech since a watershed general election in May last year, Tharman announced that …