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Month: January 2023

Posted on 12/01/2023

2023 for crypto: Deep freeze, recovery or rocket?

The dramatic events of 2022 will shape the cryptocurrency landscape for years to come, says Coinbase’s 2023 outlook. Yet, despite the uncertainty surrounding the potential fallout, essential ...

Posted on 12/01/2023

Singapore stocks slip ahead of US inflation report

SINGAPORE - The Straits Times Index (STI) dipped 0.1 per cent or 3.73 points to 3,267.78 on Thursday (Jan 12), as the trio of Singapore banks stuttered ahead of the release of US inflation data. Read ...

Posted on 12/01/2023

Olam Agri to list on Singapore, S/Arabia bourses

Olam Group has announced plans to list its majority-owned agri-business subsidiary - Olam Agri in Singapore and Saudi Arabia bourses. On December 23, ...

Posted on 12/01/2023

KPMG calls for clarity over wealth taxes, policies to spur green investments in Budget 2023 wish list

CLARITY on whether Singapore will be introducing wealth taxes in the near future and policies to spur greater green investments were among the proposals recommended in KPMG’s Budget 2023 wish list on ...

Posted on 12/01/2023

KPMG proposes Budget 2023 measures to drive Singapore’s green and inclusive growth towards lasting paths for businesses

Green finance will be key to powering Singapore's sustainability – spurring blended finance and transition finance ecosystems will be instrumental in intensifying green investments Forging a ...

Posted on 12/01/2023

Is Singapore obsessed with price tags? TikTok users defend teen who faced ‘luxury’ bag insults

A Singapore teenager ridiculed on TikTok for labelling a S$80 (US$60) Charles & Keith bag a "luxury" item has toured the brand's offices as her fight back against online cruelty - and the city's ...

Posted on 12/01/2023

Maintain ‘overweight’ on S-REITs as inflation looks to ease: UOB KH

UOBKH's Jonathan Koh has reduced his FY2024 DPU estimates by 1.8% on average. His TPs, however, have been raised by 3.5%.

Posted on 12/01/2023

DBS ‘optimistic’ about ‘buoyant growth’ in 1H2023, but sees ‘potential slowdown’ in ‘uncertain’ 2H2023

Assuming there will be no mutation of variants causing renewed outbreaks and restrictions, a complete unwinding of Covid-related restrictions in 2H2023 is highly probable – and it will serve as a ...

Posted on 12/01/2023

Singapore stocks slip ahead of US inflation report; STI down 0.1%

THE Straits Times Index (STI) dipped 0.1 per cent or 3.73 points to 3,267.78 on Thursday (Jan 12), as the trio of Singapore banks stuttered ahead of the release of US inflation data. Read more at The ...

Posted on 12/01/2023

Singapore fuel oil stocks dip despite fourth weekly rise in net imports

Residual fuel oil stocks at key trading hub Singapore dropped 2% from the previous week to hit a four-week low despite net imports rising for a fourth consecutive week, official data showed on ...

Posted on 12/01/2023

Aussie billionaire urges overhaul of collapsed mega project to send solar power to Singapore

The A$30 billion project collapsed after Iron ore magnate Andrew Forrest split with another billionaire over funding plans. Read more at straitstimes.com.

Posted on 12/01/2023

Molecular Group announce the establishment of its new investment company XMG Capital in Singapore

Chainwire Molecular Group, a leading investment firm based in Hong Kong, is pleased to announce the establishment of its new investment company, XMG Capital. Located in Singapore, a hub for the ...

Posted on 12/01/2023

Jail for man linked to scam where retiree’s life savings of $1m were transferred to other bank accounts

Dickson Jong recruited a man whose bank account was used to receive about $250,000 of the victim’s money. Read more at straitstimes.com.

Posted on 12/01/2023

Eastspring names deputy regional CEO for Asia

Eastspring Investments, Prudential’s asset management business, has appointed Faizal Gaffoor as deputy regional chief executive officer and head of products and partnerships in Asia.

Posted on 12/01/2023

Jail for man linked to case where elderly woman was scammed of S$1 million in CPF savings

SINGAPORE: A man linked to the case of a 75-year-old retiree who lost S$1 million from her Central Provident Fund in life savings was sentenced on Thursday (Jan 12). Dickson Jong Chee Siang, 29, was ...

Posted on 12/01/2023

“Uncle cut queue at OCBC bank, staff did nothing to deescalate situation” — Netizens react when customer confronts uncle

A video of an uncle cutting a queue at a bank and staff allegedly doing nothing about it has gotten many Singaporeans talking online. Many have called out his inconsiderate behaviour. On Tuesday (Jan ...

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