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GeTS Launches CALISTA inventory financing Platform, Integrated with SGTraDex, to Digitalize and Streamline Singapore's Oil Storage Financing


July 27, 2021
SINGAPORE - Media OutReach - 27 July 2021 - Global eTrade Services (GeTS ), a global trade platform company, announced today the launch of CALISTA inventory financing (CIF) – one of the first platforms to be integrated with the Singapore Trade Data Exchange (SGTraDex) to simplify information flows through the global supply chain ecosystem via a shared data stream.
SGTraDex is a new exchange recently launched by the Singapore Government that was conceptualised by the Alliance for Action (AfA) to address Supply Chain Digitalisation.  AfA for Supply Chain Digitalisation is one of the seven Singapore Together Alliances for Action (AfA) set up in June 2020 under the Singapore Government s Emerging Stronger Taskforce (EST).  The initial use cases of the exchange (SGTraDex) are to strengthen financing integrity of trade flows, enhance end-to-end visibility of container logistics flows, and digitalise the bunkering industry.  GeTS developed CIF through the ....

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Budget debate at a glance: Transforming Singapore for a post-Covid-19 future


Here are 11 key themes which emerged.
1. Cushioning petrol duty hikes
As part of measures to shift towards a greener and sustainable Singapore for all generations, petrol duty rates will be raised by 15 cents per litre for premium petrol and 10 cents per litre for intermediate petrol.
The Government will set aside $113 million to provide rebates for petrol and petrol-hybrid vehicles, to ease the transition following the hike.
There will be a 15 per cent road tax rebate for owners of private cars for one year, and a 60 per cent rebate for those owning motorcycles. Owners of commercial vehicles will get a 100 per cent tax rebate for a year. ....

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