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IRAS investigating 43 individuals suspected of GST Carousel Fraud

Through a press release on Thursday (18 Aug), IRAS revealed that an island-wide operation on Monday and Tuesday has resulted in an investigation into 43 individuals suspected of GST fraud. Raids were conducted at multiple locations - including Tannery Lane, High Street and Kallang Pudding - and items such as computers, mobile...

Singapore’s July exports drop by 10.6% year-on-year

According to official statistics released by IE Singapore (17 Aug), Singapore’s non-oil domestic exports in July fell by 10.6% year-on-year after an earlier 2.4% decline in June. This figure was a shock for the market, given with the average expected drop of 2.5% by fifteen economists. An economist from DBS was quoted...

SIA draws flak for group photo with Joseph Schooling at Rio airport

A photo that was uploaded onto Channel NewsAsia's Facebook page yesterday has drawn flak from netizens for what was seen as a disrespectful gesture on the part of Singapore International Airlines (SIA). Joseph Schooling with the SIA crew (middle, red) It is understood that this photo was taken at the Rio de Janeiro's Galeão...