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Month: August 2020

Posted on 11/08/2020

Singapore Downgrades Second Quarter GDP as Lockdown Measures Hurt

Gross domestic product (GDP) fell 13.2% year-on-year in the second quarter, the ministry of trade and industry said on Tuesday, versus the 12.6% drop seen in the government's advance estimate. ( read original story ...)

Posted on 11/08/2020

Singapore’s economy contracted 13.2% on-year in the second quarter — worse than advance estimates

The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. ( read original story ...)

Posted on 11/08/2020

How Singapore Nurtured Foreign Trio Who Became Billionaires

David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.The co-founder of Sea Ltd. is ... ( read original story ...)

Posted on 11/08/2020

How Singapore Nurtured Foreign Tech Trio Who Became Billionaires

David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.The co-founder of Sea Ltd. is ... ( read original story ...)

Posted on 11/08/2020

Singapore-based NRI media entrepreneurs list $100 million SPAC IPO on Nasdaq

Vistas Media Acquisition Company (VMAC) on Friday commenced trading of its $100 million initial public offering (IPO) on Nasdaq. The offering consists of 10,000,000 units at a pri ... ( read original story ...)

Posted on 11/08/2020

French insurer Axa weighs sale of Singapore business to raise cash

Axa is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter.. Read more at straitstimes.com. ( read original story ...)

Posted on 11/08/2020

Singapore’s pedestrian code of conduct divides opinion among path users

Those who support the code of conduct say that pedestrians have a part to play in avoiding accidents.. Read more at straitstimes.com. ( read original story ...)

Posted on 10/08/2020

Foodpanda delivery rider who ‘gate-crashed’ NDP mobile column was celebrating his birthday

SINGAPORE - When he found himself at the tail-end of a National Day mobile column in Woodlands Avenue 3 on Sunday (Aug 9), Foodpanda delivery rider Abdul Rahman waved at residents and received a loud ... ( read original story ...)

Posted on 10/08/2020

AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources

AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the ... ( read original story ...)

Posted on 10/08/2020

Axa Weighs Sale of Singapore Business to Raise Cash

Axa SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter. ( read original story ...)

Posted on 10/08/2020

Temasek drops $3 billion bid for Singapore’s Keppel Corp

Singapore's Temasek Holdings has decided to drop its $3 billion conditional offer for conglomerate Keppel Corp after invoking a material adverse change (MAC) clause. ( read original story ...)

Posted on 10/08/2020

Team Singapore bagged 3 medals at World Championships of Performing Arts 2020

Team Singapore representatives bagged 3 medals at the World Championships of Performing Arts (WCOPA) 2020, which showcased remarkable talents of dancers, actors, singers, models and variety artists ... ( read original story ...)

Posted on 10/08/2020

World’s tallest prefab skyscrapers will rise in Singapore — but they’re being built in Malaysia

A pair of skyscrapers are set to become the tallest prefabricated buildings in the world. And while the two 192-meter-tall (630 feet) towers will rise in densely populated Singapore, large parts of ... ( read original story ...)

Posted on 10/08/2020

World’s tallest prefab skyscrapers will rise in Singapore

A pair of skyscrapers are set to become the tallest prefabricated buildings in the world. And while the two 192-meter-tall (630 feet) towers will rise in densely populated Singapore, large parts of ... ( read original story ...)

Posted on 10/08/2020

As coronavirus batters Singapore’s economy, lost jobs loom as long-term headache

The impact is likely to be worse than after the 1997 Asian financial crisis, as accelerated economic restructuring reshapes industries, destroying some jobs permanently. ( read original story ...)

Posted on 10/08/2020

Singapore charges Wirecard agent with falsification of accounts

A Singaporean businessman with multiple ties to Wirecard has been charged with falsification of accounts, marking the first set of charges issued by the city-state since it kicked off an investigation ... ( read original story ...)

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