Waiver of licence fees for hotels, travel agents and tour guides extended to December 2021 Toggle share menu
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02 Mar 2021 05:02PM) Share this content
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SINGAPORE: Licence fees for hotels, travel agents and tour guides will continue to be waived through to the end of this year, as part of the Government’s efforts to nurse the recovery of the tourism sector.
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Hotel operators typically have to pay between S$300 and S$500 to renew their licences yearly, depending on the number of rooms they have, according to guidelines on the website of the Singapore Hotels Licensing Board.
Travel Agencies have a two-year licence and the renewal fee is S$400, based on guidelines from the Singapore Tourism Board. Tour guides pay S$72 for a licence, which is typically valid for three years.
The Straits Times
Me & My Career: This plumber of the financial world ensures that money flows smoothly
This is a series in which individuals share their career journeys and provide an inside look into their jobs and industries. In this interview, we look at the fintech sector.
Mr Tom was retrenched last April amid the pandemic.ST PHOTO: TIMOTHY DAVID
PublishedFeb 28, 2021, 5:00 am SGT
https://str.sg/JVYk
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This 500 Startups investor has advice for aspiring entrepreneurs CNBC 4/02/2021
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Khailee Ng has a keen nose for spotting promising start-ups.
As a managing partner for venture capital firm 500 Startups, he is tasked with identifying and helping cultivate some of the businesses of the future.
And he has advice for would-be founders hoping to build the next big thing: Look beyond the top segment of society.
Too often, start-ups focus on creating products and services for wealthy consumers in advanced economies, Ng said. But there are many important and potentially lucrative problems to be solved in poorer, developing economies. I don t think a lot of people think about that, Ng told CNBC Make It. You can actually make a lot of money by serving a population which doesn t have that much money.
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January 26, 2021 Press Releases
The booming Decentralized Finance market was the hottest topic in the crypto industry in 2020. And this will, for sure, be the case in 2021 as well. Some believe that DeFi is just another passing fad. Others are certain that it is here to stay, and has the potential to transform the entire financial services system on a global scale.
DeFi already involves millions of users with $25B of total value locked, and is growing at the speed of light. To keep up with this pace, you have to keep abreast of the latest industry developments and innovations.
Interview
Singapore, the garden of innovation â exclusive interview with Varun Mittal Friday 22 January 2021 09:34 CET | Editor: Vlad Macovei | Interview
Varun Mittal, co-founder of
Singapore – The Fintech Nation, reveals what stands behind Singapore’s boom in fintech and regulation
What led to Singapore turning into such an attractive hub for the banking and fintech industry and what unique opportunities can be found here, in the context of further developments in Open Banking in Asia?
Singapore has what we call ‘kiasu’, meaning ‘fear of missing out’. Singaporeans want to recheck everything and be very cautious about not making any mistakes. But we have turned this ‘fear’ into a strength because, in a regulated industry, that ‘fear’ is a positive. Unlike social media apps, where an error leads to a reset, when it comes to fintech regulation you can’t just make a mistake. The acceptance of the law (or the rules) process is very important.