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Month: July 2022

Posted on 29/07/2022

Crypto Exchange Zipmex Seeks Bankruptcy Protection In Singapore As Crypto Crisis Spreads

Zipmex has become the latest victim of the ongoing crypto crash after running into liquidity problems that it blames on troubled crypto lenders Babel Finance and Celsius Network. ( read original story ...)

Posted on 29/07/2022

Commonwealth Games: Easy start for Singapore’s shuttlers, but tough challenges await

They ease past Mauritius 5-0 while trying out a new mixed doubles partnership and also allow key players to rest for their next match against Barbados. Read more at straitstimes.com. ( read original story ...)

Posted on 29/07/2022

Singapore: Industrial Production disappointed in June – UOB

Alvin Liew, Senior Economist at UOB Group, reviews the latest Industrial Production figures in Singapore. Key Takeaways “Singapore’s industrial production (IP) came in below e ... ( read original story ...)

Posted on 29/07/2022

StanChart cheers investors with $500 million share buyback, 19% profit jump

Standard Chartered's first-half pre-tax profit rose 19% and beat market expectations, as the emerging markets-focused lender benefitted from rising interest rates and issued an upbeat post-COVID ... ( read original story ...)

Posted on 29/07/2022

Standard Chartered shares jump on big profit increase! Should I buy or am I too late?

Standard Chartered said Hong Kong — its biggest market — showed resilience during the first half despite Covid-19 restrictions. Total income fell 5% in Hong Kong, compared with a 10% rise in Singapore ... ( read original story ...)

Posted on 29/07/2022

Singapore start-up, Luwjistik helps Lion Parcel soar to even greater heights

Luwjistik, a Singapore-based start-up, specialising in e-commerce logistics integration, established a strategic partnership with Indonesian logistics company, Lion Parcel (PT Lion Express), to ... ( read original story ...)

Posted on 29/07/2022

Commentary: How will the dominoes fall on Singapore if US, Europe slide into recession?

With recession an increasing risk in the United States and other major economies, slowing growth overseas will affect Singapore’s export-oriented economy, says OCBC’s Selena Ling. ( read original story ...)

Posted on 29/07/2022

MP SPEAKS | Chicken export ban only caused importers to look elsewhere

Ironically, the decision to ban the export of chickens, which may look like a workable short-term solution, will end up hurting local chicken producers and even chicken imports for the following ... ( read original story ...)

Posted on 29/07/2022

Singapore transforms its insolvency framework

Boey Swee Siang, Selina Toh, Suchitra Kumar, and Emerick Tan of RPC Premier Law examine how Singapore’s recently revised insolvency laws will support post-pandemic recovery ... ( read original story ...)

Posted on 29/07/2022

Singapore manufacturers turn gloomy on outlook for first time since 2020

Firms in the services sector stayed positive as global travel resumed and Covid-19 curbs lifted. Read more at straitstimes.com. ( read original story ...)

Posted on 29/07/2022

Credit Suisse Woes Spread to Singapore With $800 Million Trial

Credit Suisse Group AG’s legal battle with billionaire client Bidzina Ivanishvili has spread to Singapore as the Georgian gears up for trial with a unit of the Swiss lender over what he claims are ... ( read original story ...)

Posted on 29/07/2022

Singapore cryptocurrency exchange Zipmex files for bankruptcy protection

Zipmex, a Singapore-based cryptocurrency exchange primarily operating in South-east Asia, filed for bankruptcy protection on Friday, becoming the latest casualty of the downturn in digital assets.The ... ( read original story ...)

Posted on 29/07/2022

MAS: The World Needs to Move Beyond Just Green Finance to Transition Finance

Green finance alone is not enough as the world, and Asia in particular, needs transition finance, according to Ravi Menon, MAS. ( read original story ...)

Posted on 29/07/2022

StanChart announces $500 mln share buyback as first-half profit climbs 19%

Standard Chartered on Friday reported first-half pre-tax profit rose 19%, in line with market expectations, as the emerging markets-focused lender benefited from rising interest rates. ( read original story ...)

Posted on 29/07/2022

Commentary: With US risking recession to fight inflation, how will Singapore be affected?

With recession an increasing risk in the United States and other major economies, slowing growth overseas will affect Singapore’s export-oriented economy, says OCBC’s Selena Ling. ( read original story ...)

Posted on 29/07/2022

Despite resuming operations, Jian Bo Tiong Bahru Shui Kueh says damage done to its business is ‘not small’

SINGAPORE: On any given morning, business is usually brisk at the Jian Bo Tiong Bahru Shui Kueh stall located in Tiong Bahru Market. But thin crowds marked the first day of the popular stall's ... ( read original story ...)

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