Under the Singapore-China free-trade agreement (FTA) which becomes effective on 1 Jan 09, Singapore will do away with tariffs on ALL goods imported from China. While China will cancel tariffs imposed on more than 85% of products imported from Singapore. It will remove the tariffs on the other 10% of Singapore exports from 1 Jan 2010.
To find out more, read the Singapore-China FTA Press Release from the Ministry of Trade & Industry.
DBS Has Started Compensating
Yesterday, DBS Bank in Singapore has started handing out compensation to some ‘vulnerable’ customers who have been found to be mis-sold the Lehman-linked High Notes 5. This is a day after DBS issued a media statement to help elderly & not well-educated customers who have been found to be mis-sold the investment, in getting some or even full compensation.
The Marina Barrage Opens 1 Nov 08
The Marina Barrage which forms the first reservoir (Marina Reservoir) in the heart of the city will open on 1 Nov 08. This Singapore’s latest water icon will serves 3 benefits and they are: increasing water supply, flood control and as a lifestyle location.
Petrol Prices Are Going South Yet Again!
Drivers rejoice! Yesterday, petrol and diesel prices went down by S$0.05/litre. Their prices have been adjusted down 10 times since July 2008.
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