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Month: November 2022

Posted on 23/11/2022

Singapore Q3 GDP grows 4.1% y/y, slower than first estimated

Singapore's economy expanded less than initially estimated in the third quarter, official data showed on Wednesday. Gross domestic product (GDP) grew 4.1% year-on-year in the third quarter, the ...

Posted on 23/11/2022

Singapore’s economic growth forecast to slow in 2023 to 0.5% to 2.5% amid global uncertainties

SINGAPORE: Singapore’s economic growth is forecast to slow to 0.5 per cent to 2.5 per cent in 2023 amid global uncertainties, down from the projected 3.5 per cent growth this year, the Ministry of ...

Posted on 23/11/2022

Uproar as ship with 18,000 tonnes Singapore maize docks

Trade Cabinet Secretary Moses Kuria had on Monday said a legal notice for the importation of Genetically Modified Maize by millers was due this week. However, before the State wou ...

Posted on 23/11/2022

Singapore central bank explains why Binance was on its alert list, but FTX wasn’t

The Monetary Authority of Singapore released a statement on its handling of cryptocurrency exchanges Binance and FTX before the latter’s sudden collapse earlier in November.

Posted on 23/11/2022

Citibank expects Hong Kong property prices to fall another 10 per cent, bottom out in second quarter of 2023

Hong Kong property prices are expected to bottom out in the second quarter of next year at the earliest, following an estimated drop of 20 per cent from a record high posted in 2021, Citibank said on ...

Posted on 23/11/2022

FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation

The bankruptcy of the FTX cryptocurrency exchange is pushing regulators to increase their scrutiny of the crypto space.

Posted on 23/11/2022

OCBC report: Young Singaporeans expect to retire early ‘in style’, but worry they can’t afford retirement

A majority of young Singaporeans in their 20s worry that they cannot afford housing and retirement, but they are aiming for a retirement lifestyle that ...

Posted on 23/11/2022

Younger Singaporeans expect to retire earlier and ‘in style’ with S$6,000 monthly expenses, but worry they can’t afford it: OCBC report

Majority of young Singaporeans in their 20s worry they cannot afford housing and retirement, OCBC’s Financial Wellness Index 2022 finds, yet opt for a retirement lifestyle that would cost almost ...

Posted on 22/11/2022

Young crypto investors still plan to invest in cryptocurrencies despite crash: OCBC Financial Wellness Index

According to the index, young Singaporeans are found to have been keener on crypto in order to build their wealth quickly.

Posted on 22/11/2022

Singapore Police warns investors about post-FTX phishing scams

Singaporean Police have warned that scammers are targeting investors still hurting from the losses brought on by the recent bankruptcy of cryptocurrency ...

Posted on 22/11/2022

Singapore Police Says Investigations Into Binance.com Ongoing

The Singapore police is investigating Binance.com over a possible breach of local payment services rules. “Police investigations are ongoing and we are unable to comment further,” according to a statement from the police in response to queries from Bloomberg News.

Posted on 22/11/2022

Crypto exchange urges Singapore to implement ‘practical’ regulation on back of FTX collapse

Independent Reserve wants Singapore to lift its ban on cryptocurrency advertising, urging instead for a regulatory framework that protects consumers, but industry regulator MAS has rebuffed criticism ...

Posted on 22/11/2022

Singapore’s PropertyGuru slips back into the red with $5.3 million net loss for the third quarter

Singapore-based online property portal PropertyGuru posted a net loss of $7.4 million Singapore dollars ($5.3 million) for the quarter ended Sept. 30 — down from last quarter’s net profit of SG$3.8 ...

Posted on 22/11/2022

Singapore Air Adds Asia Flights, Trims Some US Services in Rejig

Singapore Airlines Ltd. will add flights to East and Southeast Asia from early next year and trim some US services as it tweaks routes and plane allocations to get a head start over rivals as nations ease travel restrictions.

Posted on 22/11/2022

Singapore cop charged with corruption allegedly received S$32,500 in bribes

A police officer in Singapore was charged with seven counts of corruption and three counts of obstruction of justice.

Posted on 22/11/2022

Singapore Airlines to increase flights across East and Southeast Asia destinations

Destinations in East Asia and Southeast Asia, include Bangkok in Thailand; Busan and Seoul in South Korea; Fukuoka, Nagoya and Osaka in Japan; Ho Chi Minh City in Vietnam; Kuala Lumpur in Malaysia; Siem Reap in Cambodia;

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