KPMG

Budget 2023

KPMG suggests govt to issue tax rebates and incentives for rising costs among other Budget 2023 proposals

KPMG covered several points spanning three focus areas, sustainability, talent and digitalisation & transformation.
IRAS move to waive GST on carbon credits will see demand spike as carbon tax increases from 2024: KPMG - THE EDGE SINGAPORE

Singapore economy

IRAS move to waive GST on carbon credits will see demand spike as carbon tax increases from 2024: KPMG

IRAS has moved to waive GST for the issuance, transfer and sale of carbon credits for transactions from Nov 23 this year.
Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA - THE EDGE SINGAPORE

Company in the news

Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA

DBS Bank was also probed for its role as issue manager in Hyflux's 2011 fundraising but no further action will be taken

Sustainability

KPMG moves to Asia Square, launches Asean Decarbonisation Hub

KPMG’s new office occupies four floors at Asia Square Tower 2, totalling 125,000 sq ft.
New climate finance accelerator to help build an ecosystem to advance sustainability in Asia - THE EDGE SINGAPORE

Digital Economy

New climate finance accelerator to help build an ecosystem to advance sustainability in Asia

The accelerator by Google Cloud, MAS and KPMG aims to channel capital toward firms with market-ready climate fintech solutions.
Fresh Off the Block: Dogecoin surges on the back of Elon Musk’s Twitter takeover  - THE EDGE SINGAPORE

Cryptocurrency

Fresh Off the Block: Dogecoin surges on the back of Elon Musk’s Twitter takeover

Dogecoin has surged by more than 95% to 12 US cents over the past week.

Environmental, Social and Governance

Singapore’s top 100 companies found to have outperformed the global average in sustainability reporting: KPMG

Singapore's sustainability reporting rate grew by 19% to 100% in 2022, up from 81% in 2020 for the country’s top 100 companies

Singapore economy

Majority of Singapore CEOs believe that a recession is likely to impact their earnings over the next year: KPMG

CEOs in Singapore are less optimistic than their global peers on whether the recession will be a mild and short one or not.
WealthTech venture here funding grew sevenfold from 2017 to 2021: Endowus, KPMG report - THE EDGE SINGAPORE

Fintech

WealthTech venture funding here grew sevenfold from 2017 to 2021: Endowus, KPMG report

Between 2016 and 2021, Singapore's high-net-worth and ultra-high-net-worth count rose by 126% and 158% respectively.

Zest

KPMG to launch Singapore's first embedded finance hub

The hub, which is set to run for at least two years, will be managed by KPMG.
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