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Month: September 2022

Posted on 30/09/2022

Jail for man who let scammers funnel S$1.5 million through his bank accounts

SINGAPORE: A man agreed to illegally open bank accounts for use by another person in exchange for money, and more than $1.5 million was eventually moved through these accounts.  The offender also ... ( read original story ...)

Posted on 30/09/2022

Singapore introduces new property cooling measures: Maximum loan quantum limits tightened, loan-to-value limit lowered

SINGAPORE: The Government on Thursday (Sep 29) introduced a slew of new property cooling measures aimed at moderating demand amid rising market interest rates. The measures include tightening maximum ... ( read original story ...)

Posted on 30/09/2022

Property cooling measures: Govt announces tighter loan rules, private home owners can’t buy HDB resale flats for 15 months

In a bid to moderate demand for public housing, the authorities have announced that private property owners will now have to serve a temporary wait-out period of 15 months after selling their homes ... ( read original story ...)

Posted on 30/09/2022

Singapore Tightens Housing Loan Limits as Interest Rates Climb

Singapore is taking steps to tighten maximum housing loan limits after a jump in borrowing costs. The city-state will raise the interest rate floor used to calculate the total debt servicing ratio and ... ( read original story ...)

Posted on 30/09/2022

Stop Work Order for Singapore firm after fatal incident

The company also received a composition fine for infringements A construction firm in Singapore has been handed a Stop Work Order and a fine from the Ministry of Manpower (MOM) after a fatal incident ... ( read original story ...)

Posted on 30/09/2022

How to Watch Singapore Grand Prix Practice 2: Stream Formula 1 Live, TV Channel

Max Verstappen leads the Formula 1 field into the Singapore Grand Prix, with the second free practice session set for Friday. ( read original story ...)

Posted on 30/09/2022

Government imposes new property cooling measures: Maximum loan quantum limits tightened, loan-to-value limit lowered

SINGAPORE: The Government will tighten maximum loan quantum limits and introduce a 15-month wait-out period for private home owners buying Housing Board resale flats, as part of new property cooling ... ( read original story ...)

Posted on 30/09/2022

Standard Chartered Singapore launches first-of-its-kind affluent deposit account

With the Bank’s new Wealth $aver account, affluent clients can get up to 3.5% p.a. interest on their deposit balance based on their total Asset Under Management with the Bank Standard Chartered Bank ... ( read original story ...)

Posted on 30/09/2022

DBS offers similar rate as HDB home loan for housing board flats

SINGAPORE - DBS launched two new home loan packages on Thursday, one targeted at HDB owners. Read more at straitstimes.com. ( read original story ...)

Posted on 30/09/2022

Global energy crisis highlights need for semiconductor sector to be more sustainable

Information and computing technology is projected to consume up to 20 per cent of global energy demand by 2030. Read more at straitstimes.com. ( read original story ...)

Posted on 29/09/2022

DBS Bank revises its savings account interest rates; details here

DBS Bank has revised its savings account interest rates. The Singapore-based lender will give 3.25 to 5 percent interest rate on amounts ranging from Rs 1 lakh to above Rs 5 crore. The new rates came ... ( read original story ...)

Posted on 29/09/2022

Malaysian chicken breeders eager to start exporting to Singapore left waiting for permits

The government had said on Aug 29 that certain farms would be allowed to resume exports in October. Read more at straitstimes.com. ( read original story ...)

Posted on 29/09/2022

Man fined S$17,500 for flying into Singapore with 200kg of meat in luggage

A man travelling from China carried in his luggage more than 200kg of frozen meat, including rabbit meat and mutton. ( read original story ...)

Posted on 29/09/2022

Data hack in Australia could cost Singapore Telecommunications more than US$400 million in profits

Australia called for Optus, a subsidiary of SingTel, to pay for replacing IDs after 9.8 million customers had personal data stolen by hackers. One estimate believes it could cost the company between ... ( read original story ...)

Posted on 29/09/2022

Global energy crisis highlights need for electronics sector to be more sustainable

SINGAPORE - Becoming more sustainable is one of the key challenges facing the semiconductor industry, with a green transformation gaining more importance as the world grapples with an energy crisis. ( read original story ...)

Posted on 29/09/2022

India and Singapore closely collaborating in cutting edge tech: Jitendra Singh

Singh said that the strategic partnership between India and Singapore has shown its resilience and both sides look forward to further strengthening this important relationship ... ( read original story ...)

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