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Foreigners to pay more for Singapore property

Singapore on Friday made it costlier for foreigners to buy property and imposed other measures to cool down the market in which home prices have continued to rise despite an economic slowdown.

Starting Saturday, foreign buyers have to pay total stamp duties of 18 percent of a property's valuation, up from 13 percent, a government press release said.

Foreigners with permanent residency in Singapore will have to pay eight percent stamp duties, up from three percent.

Launch of SAP regional R&D headquarters

German software firm SAP officially opened its SAP Next Business and Technology Research Centre on 10th Dec 2012, housed at the CREATE campus (Campus of Research Excellence and Technology Enterprise).  SAP invested S$917 million in R&D globally last year, and 30 per cent of its R&D efforts were concentrated in the APAC region, with its other centres in Australia, China and India. The Singapore centre – a collaboration among SAP, EDB and NRF – will act as SAP’s research headquarters for the APAC region.

Coface Panorama Sectors: Retail, construction sectors exposed to high risk worldwide

The "Panorama Sectors", a new quarterly publication of Coface, focuses on the sector risks in the world. The world economy is analysed by means of 14 business sectors in three large regions: emerging Asia, North America and the European Union.

The analysis uses three original indicators - strength of turnover, financial robustness and credit risk   developed by Coface economists and drawn from the payment experience of companies observed and analysed by Coface underwriters.

L’Oréal’s Advanced Research Centre in Singapore opens in Biopolis

The L’Oréal Group has opened an Advanced Research Centre in A*STAR’s Institute of Medical Biology (IMB) to plug into the world-class research environment in Biopolis and Singapore. This is part of L’Oréal’s strategy to foster relations with local centres of scientific excellence and internationalize its research to be closer to consumers in support of its strategy to gain one billion new consumers over the next 10 to 15 years.

First voluntary project registered under the Gold Standard in Vietnam: The Biogas Program for Animal Husbandry Sector of Vietnam

The Vietnam Biogas Program has achieved registration under the Gold Standard, the stringent certification standard for projects reducing carbon emissions. It is the first Vietnamese project and the second largest household energy project registered under the Voluntary Gold Standard, showcasing that carbon markets can support the large-scale dissemination of life-improving and sustainable technologies.

S'pore, EU conclude free trade pact negotiation

Singapore and the European Union (EU) successfully concluded negotiations for the EU-Singapore Free Trade Agreement (EUSFTA) on Sunday in Singapore.

Singapore Ministry of Trade and Industry (MTI) said the EUSFTA will be signed after all domestic processes, including translations and verifications, are completed.

Under the agreement, Singapore and EU companies will enjoy greater access to each other's markets.

ATR inaugurates its new training center in Singapore

ATR today officially inaugurated a new Training Center in Singapore both for commercial aircraft pilots and maintenance crew. It is located in the Seletar Aerospace Park, a major hub for the Singapore aerospace industry. The inauguration was attended by Singapore government officials, the French and the Italian ambassadors, top executives of Asian ATR operators and ATR CEO Filippo Bagnato with other top management representatives of ATR.