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Month: February 2023

Posted on 24/02/2023

Singapore’s total manufacturing output decreased 2.7pc in Jan 2023

Singapore’s total manufacturing output decreased 2.7 per cent in January 2023 on a year-on-year basis, said the Singapore Economic Development Board ...

Posted on 24/02/2023

Singapore to donate $270k to Red Cross, UN effort for victims of earthquake in Turkey and Syria

SINGAPORE - Singapore will donate US$100,000 (S$134,000) each to the Singapore Red Cross and to the United Nations (UN) Humanitarian Appeal for Syria to help the victims of the earthquakes in ...

Posted on 24/02/2023

DBS Bank says it wasn’t positive on Singapore-based Grab, but it’s ‘more comfortable’ now

Sachin Mittal of the Singapore bank says the nature of Grab's business is a "low-margin" one. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC ...

Posted on 24/02/2023

In a Bid to Win Market Share, Mid-Sized Singapore Firms Orchestrate Mergers

Singapore firms RHTLaw Asia and JTJB Lawyers have orchestrated separate mergers in the city- state and in Thailand. RHTLaw has merged with local disputes practice ChangAroth Chambers, which will see the firm’s founder, Anil Changaroth, joining its ...

Posted on 24/02/2023

Nifty to reclaim 17600 or bears to remain in control? 7 things to know before share market opens

On the Singapore Exchange ... The National Stock Exchange has no shares on its F&O ban list for 22 February. According to the NSE, stocks that have exceeded 95% of the market-wide position limit (MWPL ...

Posted on 24/02/2023

Singapore’s Grab Dives After Concerns Mount About Slowing Growth

Grab Holdings Ltd. plunged its most in almost five months despite bringing forward its profitability target, reflecting concerns about slowing growth as the Southeast Asian ride-hailing and ...

Posted on 24/02/2023

Rich Investors’ Reluctance to Trade Is Blow to Singapore Banks

Asia millionaires’ reduced risk appetite is hitting Singapore banks at a time when they are welcoming ... US-China tension and an uncertain economic outlook. Oversea-Chinese Banking Corp., the country ...

Posted on 24/02/2023

Singapore Budget 2023 debate: MPs suggest ways to help youth better hone skills and find work, look after mental health

SINGAPORE, Feb 24 – Offering graduate subsidies and loans ... The debate was in response to Finance Minister Lawrence Wong’s Budget statement last week. Education and training, as in past years, ...

Posted on 24/02/2023

Citibank Singapore Appoints Matt Read as Retail Banking Head

Corporate veteran to build on good start to bank's bold wealth management goals SINGAPORE, Feb. 23, 2023 /PRNewswire/ -- Citi has named Matt Read as Citibank Singapore's Retail Banking Head, effective ...

Posted on 24/02/2023

Singapore bank OCBC’s Q4 profit rises, fee income falls

SINGAPORE: Singapore's second-largest lender Oversea-Chinese Banking Corp (OCBC) reported a 34 per cent rise in quarterly profit on Friday (Feb 24), driven by higher interest rates, but income from ...

Posted on 24/02/2023

Singapore bank OCBC’s Q4 profit rises, sees higher net interest margin ahead

Singapore's second-largest lender Oversea-Chinese Banking Corp (OCBC) reported a 34% rise in quarterly profit on Friday, driven by higher interest rates, but income from wealth management fees and its ...

Posted on 24/02/2023

OCBC 4Q Profit Up 34% on Net Interest Income Gains

Net profit for the period ended December was 1.31 billion Singapore dollars ($975.6 million), while net interest income was S$2.39 billion, up 60% from S$1.49 billion a year earlier, OCBC said Friday.

Posted on 24/02/2023

Crypto retrenchment persists with over 2,000 jobs lost in 2023

Here are some of the crypto job cuts announced or reported in just the first two months of 2023 Read more at straitstimes.com.

Posted on 24/02/2023

Commentary: Parenthood incentives – Singapore cannot keep doing more of the same without knowing whether these really work

A common misconception is that Singapore’s marriage and parenthood initiatives have failed because total fertility rates keep declining, but that may not be true, says NUS’ Kelvin Seah.

Posted on 24/02/2023

Singapore’s Grab speeds up profit outlook as cost cuts pay off

SINGAPORE -- Singapore-based tech group Grab said it expects to deliver its first profit sooner than it had forecast after cutting earnings-draining incentives for the first time since its ...

Posted on 24/02/2023

Singapore: Inflation slips below expectations but stays hot

Headline inflation inched up to 6.6% year-on-year but settled well below market expectations January headline inflation ticked higher but settled much lower than what market participants had expected.

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