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Month: December 2022

Posted on 29/12/2022

Singapore’s 2023 Budget statement to be delivered in Parliament on Feb 14

SINGAPORE: Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore's 2023 Budget statement in Parliament on Feb 14, 2023, the Ministry of Finance (MOF) said on Thursday ...

Posted on 29/12/2022

NSF participates in loanshark scam, then escapes to Batam

SINGAPORE - A full-time national serviceman with the Singapore Civil Defence Force was on probation over a Covid-19-related offence when he opened two bank accounts which others later used to receive ...

Posted on 29/12/2022

Singapore Is Set to Hike Its Goods and Services Tax in January. Here’s How It Will Work

Middle-income Singaporeans could be affected most by Singapore’s GST hike, which is designed to support an increase government social spending.

Posted on 29/12/2022

Man enters Singapore illegally and stays for 15 years

A 58-year-old Chinese national lived and worked in Singapore illegally for 15 years from 2007 to 2022 despite being banned from entering the country since 2006.Yan Jinfa was on Wednesday (Dec ...

Posted on 29/12/2022

Malaysian woman looking for her birth family in Singapore

She was given up for adoption at birth in April 1959 to neighbours in Kota Bharu in Kelantan. Read more at straitstimes.com.

Posted on 29/12/2022

Singapore’s digital banks not the game changer they promise to be

DIGITAL banks appeared poised to shake Singapore’s financial scene up in 2022. But their entry has turned out to be underwhelming, with limited utility for the average consumer. Read more at The ...

Posted on 29/12/2022

Pickier investors, reluctant borrowers could dampen Singapore’s debt capital market

A RISING interest rate environment, global macro worries and geopolitical tensions may hinder corporates from raising funds in Singapore’s debt capital market (DCM) next year. Companies are expected ...

Posted on 29/12/2022

Singapore sentences sharemarket manipulator to 36 years in jail

Ling, who got 20 years, and John Soh were found to have manipulated the share prices of Blumont Group, Asiasons Capital and LionGold.

Posted on 29/12/2022

‘LVB integration complete; DBS now looks for growth’

In an interview, Shome clarified that it would take another 18 months for the bank to shed the impact of the amalgamation on profitability.

Posted on 29/12/2022

No change to Singapore’s COVID-19 rules for travellers from China

SINGAPORE: There is no change to Singapore's COVID-19 rules for travellers and work pass holders arriving from China, the Ministry of Health (MOH) said on Wednesday (Dec 28). "At this juncture, the pr

Posted on 29/12/2022

Singtel to Showcase its 5G Network’s Enhanced Mobile Broadband Capability to Support UHD Content

Singtel will be showcasing its 5G network’s enhanced mobile broadband capability to support ultra-high-definition (UHD) content at Mediacorp’s annual live New Year’s Eve countdown party, “Let’s ...

Posted on 29/12/2022

Chinese national banned from entering Singapore worked here illegally for 15 years

He was deported from Singapore in November 2006. A year later he hatched a plan to return here to work illegally. Read more at straitstimes.com.

Posted on 28/12/2022

Mercatus confirms sale of Singapore malls to Link Reit for S$2.16 billion

Asia’s biggest Reit, will buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative for S$2.16 billion, NTUC unit Mercatus Co-operative confirmed on Wednesday (Dec 28).

Posted on 28/12/2022

UOB Kay Hian’s ban from IPO, RTO sponsor activities significant but unsurprising: market watchers

UOB Kay Hian’s (UOBKH) ban from new issue and sponsor activities is a significant one, but comes as no surprise to market watchers polled by The Business Times. Read more at The Business Times.

Posted on 28/12/2022

Singapore shares end largely flat on Wednesday

Local shares ended Wednesday’s low-key session largely flat after a mixed performance on Wall Street overnight. Read more at straitstimes.com.

Posted on 28/12/2022

Pair sentenced to collective 56 years prison for $8.75 billion Singapore share trading scam

John Soh Chee Wen, who orchestrated the scheme, and his accomplice, Quah Su-Ling, were handed a collective 56-year jail term following the four-year trial.

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