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Month: March 2023

Posted on 08/03/2023

34% of investment professionals in SG expect private capital market to worsen

Some, however, said it will be about the same. More than three in 10 (34%) investment professionals in Singapore believe that the private capital market will be “somewhat worse” in 2023, data from ...

Posted on 08/03/2023

Singapore’s Sea Group turns profitable for the first time

Tech giant Sea posted a quarterly profit for the first time as the company pledged to move towards profitability last quarter.

Posted on 08/03/2023

Sea sails past growth vs. profitability debate

Singapore technology giant Sea on Tuesday reported its first ever quarterly profit, beating regional tech firms like GoTo and Grab to the punch. The almost $1 billion swing from a fourth-quarter loss ...

Posted on 08/03/2023

Lee Hsien Yang implies in Facebook post that he is never returning to Singapore

Lee Hsien Yang, the younger brother of Prime Minister Lee Hsien Loong, has implied that he is never returning to Singapore.

Posted on 08/03/2023

Covid-19 White Paper: Singapore identifies 7 lessons for next pandemic, and what went right and wrong

The Covid-19 pandemic has shown that while the Government must learn from past crises, it must not be limited by existing playbooks if they do not work, but be nimble enough to adopt new strategies, a review of Singapore's pandemic response has found.

Posted on 08/03/2023

COVID-19 White Paper: U-turn on masks, confusing measures among areas Singapore says it could have done better

The Government could also have better managed the outbreak in migrant worker dormitories, border measures, contact tracing efforts and the transition to endemic COVID-19, according to the White Paper.

Posted on 08/03/2023

Economists lift Singapore’s 2023 growth forecast to 1.9% on China rebound hopes: MAS survey

The pace of Singapore's economic growth is seen accelerating to 2.5 per cent in 2024. Read more at straitstimes.com.

Posted on 08/03/2023

Singapore Begins Investigation Into Do Kwon’s Terraform Labs After SEC Charged Company With Defrauding Customers

Do Kwon and Terraform Labs were charged with defrauding investors in crypto schemes Kwon remains a fugitive and frequently changes his hiding spots Ten months after the world witnessed the epic crash ...

Posted on 08/03/2023

Economists Raise Singapore’s 2023 Growth Forecast Slightly, MAS Survey Shows

Singapore's economy is likely to expand slightly faster this year than previously forecast, aided by a brighter outlook ...

Posted on 08/03/2023

Singapore ranks 8th in survey of cities where super rich own a home

HONG KONG - New York is the world’s most popular place for the super rich to own a property while tiny Singapore ranks eighth, according to a new report by data firm Altrata. A total of 21,714 ...

Posted on 08/03/2023

Lee Hsien Yang hints at never returning to Singapore, says he is unlikely to see his ‘extremely unwell’ sister again

Mr Lee Hsien Yang said on Tuesday (March 7) that he may never return to Singapore amid an ongoing police investigation into him and his wife, Mrs Lee Suet Fern.In a lengthy Facebook post, Mr Lee, the ...

Posted on 08/03/2023

Stock Market Live: Sensex and Nifty 50 poised for a lower start, Asian indices in the red

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open lower mirroring the moves across global markets. Singapore Exchange Nifty futures, an early indicator of the Nifty index, was ...

Posted on 08/03/2023

Pockets of uptrend in Singapore stock market

Singapore-listed companies operating in industries from real estate to commodities say business conditions will get tougher this year as demand slows and costs continue to rise.

Posted on 08/03/2023

Babel Finance Files for Moratorium, Works on New Stablecoin to Repay US$$766M Loss

Crypto lender Babel Finance has filed applications in the Singapore High Court to buy more time from its creditors for up to six months.

Posted on 08/03/2023

UOB faces criticism on social media over cash deposit machine blunder

SINGAPORE — United Overseas Bank (UOB) has once again come under criticism on social media, this time from a customer who reported a blunder in their services. The customer alleged that the money that ...

Posted on 08/03/2023

How the crypto titan of Terra became a fugitive

South Korean Do Kwon presided over one of the biggest busts ever seen in the volatile cryptocurrency sector. Read more at straitstimes.com.

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