Singapore


Woman fined $52k for Customs offences

By Cara Chong Jan 21 2020 / The Straits Times A 50-year-old logistics company manager was fined $52,000 for various offences under the Customs Act, Singapore Customs said yesterday. Jean Heng was sentenced on Jan 8 for making incorrect declarations, breaching permit conditions, failing to deposit dutiable goods in a licensed warehouse and submitting false documents to the Singapore Customs. The manager of Tania Asia Logistics and Free Trade...

Read More

Six arrested for peddling duty-unpaid Cigarettes by Singapore Customs

By Neyla Zannia Jan 21 2020 / The Online Citizen Six males were arrested during five operations conducted by Singapore Customs on 13, 14 and 16 Jan 2020 targeted at peddlers of duty-unpaid cigarettes. In a Facebook post on Monday (20 January), the authority stated that the males comprised of two Indonesians, one Singaporean, two Chinese nationals, and one Vietnamese. On 13 Jan 2020, Singapore Customs officers mounted two...

Read More

How can firms break into Asean markets?

How can firms break into Asean markets?

Jan 9 2020 / The Strait Times This is the first of a two-part series in which Enterprise Singapore provides insights and advice to SMEs Q: We received queries from our Chinese and American clients who want to shift their manufacturing to Asean. Where can I learn more about the various FTAs for Asean? A: Singapore’s extensive free trade agreement (FTA) network provides enhanced market access, certainty and confidence...

Read More

Nine banks back Singaporean trade finance initiative, DBS Bank explains three key benefits

By Maddy White Nov 21 2019 / Global Trade Review (GTR) Nine banks have backed the CamelONE trade finance portal which has launched on Singapore’s digital trade platform; DBS Bank tells GTR the three key benefits of the initiative. CamelONE Trade Finance aims to offer a more secure and simplified trade finance process, with the company behind the platform, vCargo Cloud (VCC), saying it is the first multi-bank trade...

Read More

Is Singapore's semicon sector on the skids?

Is Singapore’s semicon sector on the skids?

Beyond the current down cycle, can Singapore’s key electronics cluster continue to be competitive? By Lynette Tan Nov 9 2019 / The Business Times Singapore hosts the entire semiconductor value chain IT all started 51 years ago, and throughout the half century or so, Singapore’s key semiconductor industry has had its ups and downs. It is currently in the throes of yet another down cycle amid slow consumer demand....

Read More

The European Union-Singapore Free Trade Agreement (EUSFTA) has been approved by the Council of the EU and will enter into force on 21 November 2019.

It will serve to strengthen the position of Singapore and the EU as gateways for companies looking to expand their business in our respective regions. Singapore and the EU have a long-standing and robust relationship. We look forward to building even stronger trade and investment links together. By Ministry Of Trade & Industry Nov 8 2019 / MTI https://www.mti.gov.sg/-/media/MTI/Newsroom/Press-Releases/2019/11/Press-Release-on-the-EUSFTA-Entry-Into-Force.pdf

Read More

Trade, tech issues seen to shape Asean’s future

By Bernadette D. Nicolas Nov 7 2019 / BusinessMirror FIFTY-TWO years ago, the founding members of the Association of Southeast Asian Nations (Asean) fought the embers of communism across Asia. Today, Asean is confronting another “FIRe,” the so-called Fourth Industrial Revolution. The FIRe is being seen as a tool that Asean needs to comprehend, brace for and harmonize if its member-states want a stronger regional economic integration via the...

Read More

TNETS Sponsors SSIA Summit & Dinner

TNETS Sponsors SSIA Summit & Dinner

On Thursday 10th October 2019, TNETS was proud to be a first-time sponsor of the Singapore Semiconductor Industry Association (SSIA) Summit and dinner. The events were hosted consecutively at Marina Bay Sands, with the evening dinner bringing together 450 delegates from 70 companies under a theme of Embracing the Mobility Transformation. Neil Johnson, Director at TNETS, commented: “It was great to see so many customers, industry partners and colleagues...

Read More

Silver lining in the cloud

By Bernadette D. Nicholas Sep 29 2019 / BusinessMirror Like it or not, the Fourth Industrial Revolution is changing the world of work, and the public sector—like the Philippines’s Bureau of Customs—is following the lead of private business in adopting cloud computing for more efficient services. MORE and more people from the public and private sectors are now shifting to cloud technology for its security—ironically the same main reason...

Read More

Border town opens gateway to region

By Jing Yuxin Aug 6 2019 /China Daily Staff at the Friendship Pass in Pingxiang, a border city in the Guangxi Zhuang autonomous region, wake up daily to the noise of cargo trucks. Their rumbling engines are testimony to the booming trade between China and Vietnam. Busy with exports from South and West China, as well as imports from Southeast Asian countries like Vietnam and Thailand, trucks line up...

Read More