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Month: July 2022

Posted on 02/07/2022

13 banks settle Singapore interest rate case for $124 million

Citibank NA and JPMorgan Chase & Co. The complaint filed in Manhattan federal court in 2016 accused defendant banks of rigging the Singapore Interbank Offered Rate (SIBOR) and Singapore Swap ... ( read original story ...)

Posted on 02/07/2022

Renewable energy solutions not the silver bullet to Singapore’s energy conundrum

Renewable energy sources can only supplement a small portion of Singapore's energy mix. Read more at straitstimes.com. ( read original story ...)

Posted on 02/07/2022

Singapore’s cruise industry set to return to pre-pandemic levels between 2023 and 2024: STB

SINGAPORE: The Singapore Tourism Board (STB) on Friday (Jul 1) said that the country's cruise industry is expected to return to pre-pandemic levels between 2023 and 2024.  The outlook comes as ... ( read original story ...)

Posted on 02/07/2022

Singapore properties are unprofitable investments if mortgage rates rise beyond 5%

Will the mortgage rates go higher? It is very likely. Singapore mortgage rates are moving towards benchmarking against Singapore Overnight Rate Average (SORA) instead of Singapore Interbank Offered ... ( read original story ...)

Posted on 01/07/2022

HSBC to relaunch India private banking business within a year, says India CEO

HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategi ... ( read original story ...)

Posted on 01/07/2022

Standard Chartered Bank Singapore transforms customer and employee experience capabilities

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this ... ( read original story ...)

Posted on 01/07/2022

OCBC joins other local banks in upping rates for its fixed-rate mortgage

The rate for OCBC's two-year fixed package has been hiked by 0.33 percentage points to 2.98 per cent. Read more at straitstimes.com. ( read original story ...)

Posted on 01/07/2022

Singapore Savings Bonds SSB August 2022 – Highest Long Yield (3.0%) in SSB History

Here is a safe way to save your money that you have no idea when you will need to use it, or your emergency fund. The 10-yr and 1-yr Singapore Savings Bonds rates since the first ... ( read original story ...)

Posted on 01/07/2022

Singapore imports more than 90% of its food. Here’s how it’s dealing with rising food inflation

Singapore lacks natural resources — the country imports more than 90% of its food from more than 170 countries and regions. ( read original story ...)

Posted on 01/07/2022

EMA issues second request for proposals to import low-carbon electricity into Singapore

SINGAPORE: The Energy Market Authority (EMA) on Friday (Jul 1) issued its second request for proposals to import low-carbon electricity into Singapore. Potential importers will have to demonstrate ... ( read original story ...)

Posted on 01/07/2022

HelloRide chosen as third bicycle-sharing operator in Singapore

The operator was awarded a Type 2 "sandbox" licence, valid for up to one year, after which it will have to apply for a Type 1 full licence to operate with a larger fleet of bicycles. ( read original story ...)

Posted on 01/07/2022

Singapore: Recall of ‘Goods’ banana cake from Malaysia over sorbic acid

Sorbic acid exceeding the maximum limit stated in the Singapore Food Regulations has been detected in "Goods" banana cake from Malaysia, said the Singapore Food Agency (SFA) on Friday (July 1). ( read original story ...)

Posted on 01/07/2022

Singapore’s new rules from July 2021 – Retirement age now 63, no more smoking in all public parks and higher Covid-19 care charges

From July 1, charges for some Covid-19 care will rise, the retirement age will be 63 and there will be fewer spots for smokers to light up. ( read original story ...)

Posted on 01/07/2022

Singapore to build world’s biggest automated port

Construction work on a $14 billion project to build the world’s biggest automated port by 2040 in Singapore, is continuing onto the next phase. ( read original story ...)

Posted on 01/07/2022

Singapore to hang another Malaysian drug trafficker next week

Kalwant Singh, who was convicted in 2016 of trafficking heroin into the city state, is expected to be hanged on Thursday. ( read original story ...)

Posted on 01/07/2022

Singapore firm to set up Rs 25,600 crore hi-tech semiconductor park in Tamil Nadu

The group would set up the hi-tech park and a semiconductor fab unit spread across 300 acres at an investment of Rs 25,600 crore over the next five years and the facility is expected create 1,500 ... ( read original story ...)

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