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Taxes
Tong's Portfolio
Use withholding and transactional taxes to fund Covid-19 assistance
Increase tax on non-residents to create jobs in the country.
September 30, 2021
Global Economy
The case for a global minimum tax
So far, 130 countries - including Singapore - have endorsed BEPS 2.0, with just nine abstaining.
July 09, 2021
Results
Everbright Water sees 23% growth in FY20 earnings of HK$1.02 bil
Shares in China Everbright Water closed 1 cent higher or 4.5% up at 23 cents on Feb 25.
February 25, 2021
Results
Sea Group reports net loss of US$425.6 million in 3Q2020 despite stronger performance of digital entertainment and e-commerce segments
Sea Group is is raising guidance for both digital entertainment and e-commerce for FY2020
November 17, 2020
Results
Silverlake Axis posts 8% lower EBITDA of RM66.9 mil; secures digital innovation enhancement contracts worth RM70 mil
This brings basic and diluted earnings per share (EPS) to 1.27 sen, 29% from the 1.78 sen reported for the 1QFY2020.
November 13, 2020
Broker's Calls
UOB Kay Hian maintains ‘buy’ on Alibaba on strong 2Q results
UOB Kay Hian is still positive on Alibaba, despite a lower core commerce EBITA margin and the suspension of Ant Group's IPO.
November 10, 2020
Tong's Portfolio
Economic and financial crashes, like taxes and death, are NOT inevitable
SINGAPORE (Feb 21): We are always told that we cannot escape taxes, death and economic and financial collapses. But are they, like gravity, truly a law of nature that cannot be overcome?
February 21, 2020
China Focus
China's rich race for tax raid on US$24 trillion wealth pile
HONG KONG (Jan 3): China’s plan to cut taxes in 2019 for the masses has the nation’s super-rich running for cover on concern the government will make up the shortfall by going after the wealthy.
January 03, 2019
Sector Focus
Singapore's 2019 gaming industry to suffer spillover effects of VIP weakness: Fitch
SINGAPORE (Nov 27): Fitch Ratings has identified Singapore to be among the markets vulnerable to weakness from China's VIP gamblers, resulting in a flat VIP segment next year.
November 27, 2018
Singapore Budget
What's next after the Budget 2018 buzz?
SINGAPORE (Feb 23): It is that time of the year again. Immediately after every Budget speech, analysts scramble to translate the slew of adjustments to taxes and government schemes into fresh views on the economy, specific industries and individual stocks
February 23, 2018