Facing a plunge in their quarterly profit, Singapore-based Sembcorp Industries has changed its strategy and plans to raise about SGD500 million from the sale of some utilities assets. Further, the company also plans to list its Indian energy business.

Singapore set to tax e-books, web TV shows and other digital services from 2020

A broad swathe of e-services ranging from downloadable digital content such as mobile applications, e-books and movies, to subscription-based media including news, streaming of TV shows and online gaming are set to be included in the proposed Goods and Services Tax (GST) on digital services.

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News – Latest breaking news from India, UK, USA, UAE and Singapore. Headlines and other trending stories around people of Indian origin.