Taxes

Use withholding and transactional taxes to fund Covid-19 assistance - THE EDGE SINGAPORE

Tong's Portfolio

Use withholding and transactional taxes to fund Covid-19 assistance

Increase tax on non-residents to create jobs in the country.
The case for a global minimum tax - THE EDGE SINGAPORE

Global Economy

The case for a global minimum tax

So far, 130 countries - including Singapore - have endorsed BEPS 2.0, with just nine abstaining.
Everbright Water sees 23% growth in FY20 earnings of HK$1.02 bil - THE EDGE SINGAPORE

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.
Sea Group reports net loss of US$425.6 million in 3Q2020 despite stronger performance of digital entertainment and e-commerce segments - THE EDGE SINGAPORE

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
Silverlake Axis posts 8% lower EBITDA of RM66.9 mil; secures digital innovation enhancement contracts worth RM70 mil - THE EDGE SINGAPORE

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.
UOB Kay Hian maintains ‘buy’ on Alibaba on strong 2Q results - THE EDGE SINGAPORE

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.

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?

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.

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.
Credit: Ministry of Communications and Information

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
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