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Month: January 2023

Posted on 31/01/2023

Climate tech investments, position Singapore as ESG arbitration centre: PwC’s Budget 2023 wishlist

OFFERING incentives for early-stage investments into climate tech solutions, and schemes to refine capital risk charge with respect to green finance could help strengthen Singapore’s global relevance ...

Posted on 31/01/2023

Singapore govt files parliamentary motion affirming commitment on affordable public housing, disagrees that it ‘has not done enough’

National Development Minister Desmond Lee has filed a motion to reaffirm the Government’s commitment to “keeping public housing affordable ...

Posted on 31/01/2023

Jail for man in S’pore who used Microsoft Word to forge S$25,000 bank transaction to sugar baby

After a 24-year-old woman rejected his proposal for a sexual arrangement, Liaw Jin Yi disguised his voice over a phone call with her, and pretended to be a former sugar baby to vouch for himself.

Posted on 31/01/2023

Golf: 18 of world’s top 20 players to compete at HSBC Women’s World Championship

SINGAPORE – A stellar cast for the HSBC Women’s World Championship in Singapore has been confirmed, with 18 of the world’s top 20 golfers – and all of last season’s Major champions – vying for honours ...

Posted on 31/01/2023

Crypto lender Celsius propped up its token, benefiting insiders – US bankruptcy examiner

Bankrupt crypto lender Celsius Network used investor money and customer deposits to prop up its own token, inflating its balance sheet while two of its founders cashed out millions, a U.S.

Posted on 31/01/2023

Singapore to buy electricity from Malaysia for first time from second half of 2023

The 100MW imported will be enough to power about 144,000 four-room HDB flats for a year. Read more at straitstimes.com.

Posted on 31/01/2023

Malaysia bags RM13 billion in foreign direct investment from three investors after Singapore mission

KUALA LUMPUR] Malaysia’s Ministry of International Trade and Industry has bagged an additional RM13 billion (S$4 billion) in foreign direct investment from three investors at the end of its mission in ...

Posted on 31/01/2023

Mapletree Pan Asia Commercial Trust keeps Q3 DPU unchanged at S$0.0242 due to higher finance costs

MAPLETREE Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) stayed flat at S$0.0242 for the third quarter ended Dec 31, 2022, unchanged from a year ago. This was due to higher finance ...

Posted on 31/01/2023

Singapore stocks up 3% in January on expectations of peaking interest rates

REAL estate investment trusts (Reits) and the manufacturing sector drew strong investor interest on the anticipation of smaller interest rate hikes by central banks. Read more at The Business Times.

Posted on 31/01/2023

UOB raises $2.4 million for charity with 1,500 clients, through the Bank’s annual Lunar New Year Celebrations

UOB has partnered with some 1,500 clients to raise $2.4 million for charity as part of its Commercial Banking's annual Lunar New Year ...

Posted on 31/01/2023

Singapore shares track Wall Street losses to close 0.4% lower

SINGAPORE shares fell on Tuesday (Jan 31), tracking losses on Wall Street. The Straits Times Index (STI) slid 0.4 per cent or 12.62 points to end at 3,365.67. Read more at The Business Times.

Posted on 31/01/2023

Collapsed Australia-to-Singapore Solar Firm Targets Sale By May

Administrators intend to complete the sale of collapsed solar startup Sun Cable, which aimed to export clean energy from Australia to Singapore, by the end of May.

Posted on 31/01/2023

Celsius’ Business Model Different From That Advertised -U.S. Bankruptcy Examiner

The business model that crypto firm Celsius Network had advertised and sold to its customers was not the business it actually operated, a court-ordered examiner report released on Tuesday showed. The ...

Posted on 31/01/2023

Singapore Manufacturers’ Business Sentiment Stays Weak

Business sentiment among Singapore's manufacturers for the first half of 2023 remains negative as they experience waning ...

Posted on 31/01/2023

Singapore manufacturers’ sentiment worsens; services sector mood moderates: surveys

The electronics and precision engineering clusters are the least ... Singstat said that hoteliers cited the upswing of international travel and increased tourist arrivals in Singapore as reasons for ...

Posted on 31/01/2023

Man forged bank transaction of S$25,000 to trick woman into having sex with him, gets jail

SINGAPORE: Although he did not have the money, a married man offered an Instagram acquaintance S$22,000 for sexual favours in a "sugar baby" arrangement. He continued to persuade the woman and forged ...

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