Eddie Loo News Today

A wealth tax on luxurious goods such as high-end cars and landed property as well as an inheritance duty on multi-million-dollar homes may seem like plausible ways to protect Singapore's meritocracy, but it can be challenging and even costly to implement and enforce such measures.

SINGAPORE — A tax on luxurious goods such as high-end cars and landed property as well as an inheritance duty on multi-million-dollar homes may seem like plausible ways to protect Singapore's meritocracy, but it can be challenging and even costly to implement and enforce such measures.

Singapore News - After two months of dispute among candidates vying for the top job at Singapore’s largest motor association, the High Court has thrown out the latest application to stop the polls. And the 370-member trade body will elect a president on Nov 23. At the High Court... Read more at www.tnp.sg

Southeast Asian used car marketplace Carsome has acquired a majority 51% stake in Singaporean used car dealer CarTimes Group, according to a filing submitted to Acra.

The New Paper Spike in COE prices the biggest in more than 10 years The sharp increase in COE prices at the latest tender yesterday was described as "panic bidding" and "bloodbath" by industry players. PHOTO: LIANHE ZAOBAO Prices soar in almost all categories, surprising many industry experts CHRISTOPHER TAN, TRANSPORT CORRESPONDENT An earthquake which is sending shock waves across the trade. That was how one motor industry player described the sharp increase in certificate of entitlement (COE)...