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Bloomberg Singapore’s government will support technology startups by doing business with them rather than having them rely on grants as the city-state pushes ahead with a plan to become a high-tech hub, a top minister said. The government wants to fuel private-sector innovation, especially among small and medium-sized firms, in a bid to create a digitally integrated economy, Vivian Balakrishnan, ...

The FTA may exempt a Person from registration, but not payment of tax, if they can demonstrate that they will not regularly import Excise Goods. However, anyone who has been exempted from Tax Registration must immediately inform the Authority of any changes to his/her circumstances that would make them subject to tax, and they must do so within the allotted ...

DUBAI / WAM Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced a strategic collaboration with GITEX Future Stars to launch the first-ever Dubai Tourism Start-Up Competition – Futurism, inviting bright minds and innovators from around the world to submit ideas and business plans that will further revolutionise the city’s travel and tourism sectors. The competition is in ...

DUBAI / WAM Tech-focused entrepreneurs, start-ups, SMEs and leaders are now able to give full vent to their potential at FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, which announced on Monday the commencement of its inaugural accelerator programme. The initiative features 11 finalists and brings together an emerging generation of technology leaders and entrepreneurs to address the ...

ABU DHABI / WAM The UAE Space Agency has discussed means of joint cooperation with the Ministry of Climate Change and Environment during a meeting between high-level Space Agency delegates and the Minister of Climate Change and Environment. Discussions included the possibility of providing data on local and international environmental issues as well as exchanging knowledge and expertise in relevant ...

­­­­­­­­­­­Bloomberg Britain and the European Union are at odds over how soon the Brexit talks can pivot towards a trade deal as Theresa May’s government seeks to turn on the pressure by disclosing more policy details. The UK government will publish five papers this week, with two dropping on Monday. The one that examined the treatment of goods said that ...

Bloomberg The US said it’s slashing visa services in Russia after the Kremlin ordered it to cut two-thirds of staff at its embassy and consulates as relations between the former Cold War rivals spiraled. All non-immigrant visa operations will be halted from Aug. 23 and will resume “on a greatly reduced scale” from Sept. 1, with applicant interviews conducted solely ...

Bloomberg Shares of Unicom Group’s key units in Shanghai and Hong Kong rose after China’s second-largest wireless carrier announced a $11.7 billion stock sale as part of a government push to draw private capital into its state-owned enterprises. China United Network Communications Ltd., which has been suspended from trading since April, climbed by the 10 percent daily limit to 8.22 ...

Bloomberg Infosys Ltd. begins the search for a new chief executive officer this week with a tough set of requirements for any candidate: The person must be capable of leading a 200,000 employee organisation, willing to tackle sweeping changes in the outsourcing industry and brave enough to drop in the middle of open warfare between the company’s board and co-founders. ...

Bloomberg Ten sailors are missing and five were injured after a US warship collided with a petroleum tanker near Singapore on Monday, the second crash involving an American naval vessel in Asia in a matter of months. Search-and-rescue efforts are underway after the USS John S. McCain collided with the Alnic MC, the US Navy said. The US Seventh Fleet ...